What is Forex – learn basic things
The idea of a short course for which you enter the Forex market has two functions. The first to distribute knowledge to as many people as possible, thus encouraging an exchange of ideas and theories that can be beneficial to both parties. The second is the verification of some of the ideas developed for the strategy by which we operate in the marketplace. This strategy is just an example and in no way constitutes a suggestion or request for use implicit, however, may be used freely by anyone wishing to develop their own theories.
This brings us to the first lesson: what is forex?.
Forex is the conjunction of Foreign Exchange Market, or Forex market. In the FOREX market is purchased, simultaneously, a currency of a country, while it sells the currency of another country. This negotiation is done through a broker or dealer and is done in currency pairs, for example, the Euro and the Dollar (EUR / USD), the Pound Sterling and Japanese Yen (GBP / JPY), Pound Sterling and the the Dollar (GBP / USD, etc.).
In general, the exchange rate (exchange rate) of a coin or currency of a given country, is the direct reflection of the economic stability of that country, compared to the economic stability of other countries. Unlike the stock market in New York (or any other stock market), the foreign exchange market has no physical location or central exchange. The currency market is seen as the interbank market, or Over the Counter: What it means is that an organized financial market, but not in a Stock Exchange. Because of this the currency market is a completely electronic within computer networks of banks and is conducted on an ongoing basis, 24 hours a day. The stock exchanges open and close at certain times, the foreign exchange market never rests on weekdays, except weekends.
The trader uses a trading platform, which is a software that connects to the server with which the Broker has a real account. Through the trading platform the trader buys currency at a low price hoping that rising prices and then sell this currency and vice versa; sell an expensive currency hoping that the price drop to buy it cheap. So get your profit: the difference between the price which started operation and the price with which the transaction closed. As simple as any business: buying and selling.
Small traders, or traders, only need a computer with excellent processing power and RAM, plus a fast connection to the internet. Of course, most important of a trader is education and knowledge to enable it to make the business a profitable FOREX.
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