Why Forex

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We will provide the best guidance for you to make the right decision for successful trading! The foreign exchange market (forex, FX, or currency market) is a global decentralized market for the trading of currencies. In terms of volume of trading, it is by far the largest market in the world. The main participants in this market are the larger international banks. Financial centres around the world function as anchors of trading between a wide range of multiple types of buyers and sellers around the clock, with the exception of weekends. The foreign exchange market determines the relative values of different currencies. The foreign exchange market is the most liquid financial market in the world. Traders include large banks, central banks, institutional investors, currency speculators, corporations, governments, other financial institutions, and retail investors. The average daily turnover in the global foreign exchange and related markets is continuously growing. Currencies are traded against one another in pairs.

For instance, the quotation EURUSD (EUR/USD) 1.2002 is the price of the Euro expressed in US dollars, meaning 1 euro = 1.2002 dollars. The market convention is to quote most exchange rates against the USD with the US dollar as the base currency (e.g. USDJPY, USDCAD, USDCHF). The exceptions are the British pound (GBP), Australian dollar (AUD), the New Zealand dollar (NZD) and the euro (EUR) where the USD is the counter currency (e.g. GBPUSD, AUDUSD, NZDUSD, EURUSD).

The eBook will explain the basics of Forex, also Charts, Indicators, Trading times, Account types, Trading styles, Fx brokers, Signals, Robots, Licences, Regulators and more…