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Foreign Exchange (Forex)
The foreign exchange market (forex) is a worldwide financial market for the trading of currencies. It is open 24 hours a day except on weekends and is the largest and most liquid market in the world. A typical transaction would be the purchase of one currency with payment by another currency.
1,131 Questions
What is the best way to learn about forex trading?
The best way to learn Forex Trading is by practicing and learning Forex through a demo account for a minimum period of Six (6) months or more depending on your learning ability. Following a direct guide from an expert mentor is another very good way of learning how to trade the Forex.
You can also use Forex Simulation tools like Forex Tester to speed up your learning process. Simulation tools helps you to practice Forex strategies and techniques without an online demo account. They have the same features of a real Forex Trading Platform. With this you can test what you learn without risking real money or online resources.
When is the forex market open for trading?
The Forex Market is the largest market in the world trading around $1.5 trillion each day. Trading in the Forex is not done at one central location The Forex market is available for trading 24 hour a day, five and one one half day per week. Due to the 24 hour trading availability in Forex market it is the world's biggest trading market.
What is the best way to do forex trading?
One of the best way to do Forex trading is to try your hands free on demo account with a trusted Forex broker which help you to learn more about the Forex market and which in due course you can convert it into real account.I too started trading with a FSP registered and FSCL regulated Forex broker Greenvault FX by first practicing a demo account.
Forex risks are financial risks in trading Forex. Depending on market moves, a trader risks losing all or a large portion of his trading capital.
Volatility is the range in which the price of a financial instrument fluctuates and is one of the most significant indicators to highlight the attractiveness of a trading instrument. Volatility shows the extent of risk involved in using an instrument since the higher the indicator, the bigger the range in which the rate changes over a specified amount of time.
Yes it is nice but risk factors will be there. that risks will resolved by trading broker like integerfx.
A online forex trading system can be defines as a parameter where your entry and exit of trading equities will be recorded. This ensures real time execution of trade.
What are some characteristics of the foreign exchange spot markets?
The spot market or cash market is a public financial market in which financial instruments or commodities are traded for immediate delivery. It contrasts with a futures market, in which delivery is due at a later date. In spot market, settlement happens in t+2 working days, i.e., delivery of cash and commodity must be done after two working days of the trade date. A spot market can be:
- an organized market;
- an exchange; or
- over-the-counter (OTC)
How many dollars is equal to one hundred and fifty million naira?
1 US Dollar equals 174.85 Nigerian Naira while $857,878.18 = 150,000,000.00 Nigerian naira
1 US Dollar equals 174.85 Nigerian Naira while $857,878.18 = 150,000,000.00 Nigerian naira
How many dollars is 312000 euros?
If you are talking US Dollars then as of Jan 25th, 2014 - €312,000 is $426,722.
The exchange rate is constantly changing though and you can always check via Google by just making this search '312000 eur to usd'
What is capital and foreign exchange?
In general capital is financial resources.. And Foreign exchange is called Forex.
Where could one contact the British Gas Trading Limited?
It is very easy to contact British Gas Trading Limited. There is a form on their website that one can use to email them. In addition, they have phone numbers listed on their website.
Where can someone get an introduction to Forex?
One can get an introduction to Forex from the following sources: Investopedia, VIBHS, Forex Trading About, AVAFX, Learn To Trade The Market, Forex Learning Site.
Approximately how much interest does GCI pay on your financial deposits?
GCI pays .25% on Forex and 1% on all of their other products. They have a full terms rundown on their website of all of their products. They allow mobile trading, web trading and ECN training.
What service do a foreign currency broker provide?
A foreign currency broker helps with investment and international trade by authorizing currency conversion. In April of 2010 the daily average turnover for the global foreign exchange was estimated at almost $4 trillion.
Where is the City Forex located?
The exact address for the head office of City Forex Limited is located at 146 Leadenhall Street, London, EC3V 4QT in the United Kingdom. They also have a branch office in Liverpool.
Where can one sign up for forex trading alerts?
One can sign up for Forex trading alerts by visiting the FX Trading Alerts website. This is a professional alert service. Further information, such as contact details, can be found on their website.
What will one find on a Forex graph?
Looking at a Forex graph, one can find a lot of information. Some of this information includes the amount of time that one has been trading, as well as the value of the currencies.
Where can one find a forex trading group?
The best tools to help you trade Forex I recommend that you use them because they get you rich
I use all tools, but the best of them are 2
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cutt.ly/Vh8Ls3O
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cutt.ly/Jh8Llux
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Put the link on Google so that you can know enough information about each tool, because this site does not allow sharing links
How does Forex auto trading work?
Forex auto trading works on a number of levels. Ultimately there is no one hard and fast rule for making money off of these types of schemes as its success varies from person to person. Group investment schemes such as this work by people putting money into a universal coffer and then any profit that is made from these investments is shared amongst the other investors.
How can one get Forex Trading alerts on their phone?
Several different online financial companies offer Forex Trading alerts. Before deciding which one to use, it's best to review the terms of each offer. Some which are offered as "free" might not be free in the long run. If you work with a financial services firm, check with them to find out if they have that option or if they can recommend one.
What is a pip in Forex trading?
A pip in Forex trading is used to calculate one's profits and losses. In Forex trading, the value of a currency is given in pips. For most currencies, a pip is 1/100 of a cent.
Forex itself is not a scam but it does require education before you start.
There are many Forex scams out there but the market itself is very real.
Just make sure you don't skip out on education if you want to look in to this further.
