: Home Tech Analysis : USD/CHF Tech Analysis : USD/CAD Tutorial : What is Cross Currency? Tutorial : What is PIP? Tutorial : What is Forex Trading? Tutorial : What are Currency Values? Tutorial : What is Bid price and Ask price? Tutorial : What is Spread? Tutorial : How to get started? Tutorial : What are the types of Orders? Tutorial : What is Lot size? Tutorial : What is Long and Short trade? Tutorial : What is Leverage? Tutorial : What is Margin Balance? Tutorial : What is Rollover? Tutorial : When do the deals liquidate? Tutorial : How to analyze forex market? Tutorial : What are Forex Signal Services?
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| The forex market is the largest market in the world with daily reported volume of over 2.1 trillion making it one of the most exciting markets for trading. Currency Traders buy and sell currencies with the hope of making a profit when the value of the currencies changes in their favor, whether from market news or events that take place in the world.
Unlike other financial markets, the forex market has no physical location or central exchange. It is an over-the-counter market where buyers and sellers including banks, corporations, and private investors conduct business.
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Leverage
A forex trader has one huge advantage � leverage. This is the ability to trade more funds than they have in their account. For example, if you have $500.00 in your account, you broker will let you leverage this 200 times! So if you have $500.00, you can trade $100,000 (500 x 200), this enhances your profit and loss potential. The key to getting leverage to work for you, by taking calculated risks at the right time, to get the odds in your favour and make big profits.
Forex Market Hours
Forex market welcomes traders 24 hours a day.
Forex market opens on Sunday 5 pm EST (10:00 pm GMT), closes on Friday 5 pm EST (10:00 pm GMT).
Volatility
The most volatile currency pairs are GBP/JPY, EUR/NZD and GBP/AUD.
The least volatile currency pairs are EUR/GBP, NZD/USD and EUR/CHF.
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