Currency trading happens continuously throughout the day; as the Asian trading session ends, the European session begins, followed by the North American session and then back to the Asian session. It is highly liquid and constantly in motion. Companies — Companies need to use the foreign exchange market to pay for goods and services from foreign countries and also to sell goods or services in foreign countries. The United States had the second amount of places involved in trading.
Investors — Investment firms who manage large portfolios for their clients use the Fx market to facilitate transactions in foreign securities. For example, an investment manager controlling an international equity portfolio needs to use the Forex market to purchase and sell several currency pairs in order to pay for foreign securities they want to purchase.
Retail Forex traders — Finally, we come to retail Forex traders you and I. The retail Forex trading industry is growing everyday with the advent of Forex trading platforms and their ease of accessibility on the internet. Retail Forex traders access the market indirectly either through a broker or a bank.
There are two main types of retail Forex brokers that provide us with the ability to speculate on the currency market: Brokers work as an agent for the trader by trying to find the best price in the market and executing on behalf of the customer. For this, they charge a commission on top of the price obtained in the market. Advantages of Trading the Forex Market: This means dense liquidity which makes it easy to get in and out of positions.
There is no opening bell in the Forex market. Straight through order execution allows you to trade at the click of a mouse. Also, there is no structural market bias like the long bias of the stock market, so traders have equal opportunity to profit in rising or falling markets.
While the forex market is clearly a great market to trade, I would note to all beginners that trading carries both the potential for reward and risk. Many people come into the markets thinking only about the reward and ignoring the risks involved, this is the fastest way to lose all of your trading account money.
Jump To Next Chapter — Part 2: What Is Forex Trading? What is Professional Forex Trading? What is Fundamental Analysis? What is Price Action Trading Analysis? Introduction to Forex Charting. Common Forex trading mistakes and traps.
What is Technical Analysis. How to Make a Forex Trading Plan. The Psychology of Forex Trading. The way you show us these instructions according to me its very interesting, So i need t to start it but i have to learn fast. So I read to try your forex trading article. I am very much interested in trading,especially after going through your notes. I want to learn more Tony Gauteng, South Africa. But i wanna know how can i do it. I wanna start as soon as possible. Am based in south Africa.
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Futures, options, and spot currency trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed in any material on this website. The past performance of any trading system or methodology is not necessarily indicative of future results.
Forex, Futures, and Options trading has large potential rewards, but also large potential risks. The high degree of leverage can work against you as well as for you. You must be aware of the risks of investing in forex, futures, and options and be willing to accept them in order to trade in these markets.
Forex trading involves substantial risk of loss and is not suitable for all investors. Please do not trade with borrowed money or money you cannot afford to lose.
Any opinions, news, research, analysis, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice.
We will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. Please remember that the past performance of any trading system or methodology is not necessarily indicative of future results. Hey traders, This free Forex mini-course is designed to teach you the basics of the Forex market and Forex trading in a non-boring way.
What is the Forex market? So here is the history of the Forex market in a nutshell: Forex Trading Terminology Part 3: Introduction to Forex Charting Part 8: Common Forex trading mistakes and traps Part What is Technical Analysis Part The Psychology of Forex Trading Part Checkout Nial's Professional Trading Course here. Hi its very important lesson for Every body who wants to trade Reply. Baysman September 5, at 6: The way you show us these instructions according to me its very interesting, So i need t to start it but i have to learn fast Reply.
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Pls how do I start? Thabiso Masia May 8, at Lenerth Thekiso May 5, at 9: HI Nial m thinking this could be my thing if u can help understand better abt Forex I will truly appreciate it Reply. Emilzzy James April 25, at 3: I am interested in forex trading Reply. Lucky Gcina Kunene April 25, at 1: Below is a snapshot of the changes and ranges. Note the yield curve also steepened by 5.
That is a big change. In the forex market, the US dollar is ending the day and the NA session sharply higher. Fundamentally, there are a number of catalysts:.
That is a big move. Moreover, they want to lead the charge to invoke change on a national level. Think the increase in costs for small businesses and its impact on prices. Markit PMI services came in at That was the best reading since New orders rose to Yikes that was good. Powell said at the end of the day that the Fed may raise rates past neutral.
That has pushed the USD even higher in the last hour of the day Below is a snapshot of the strongest and the weakest.
The biggest dollar gains are vs. The dollar is king today. Looking at the 4-hour chart of the EURUSD, the low in the last flush lower at the end of the day stalled at a lower trend line. Looking at the daily chart, the price fell back below a broken trend line and is probing toward the low for the year reached in September at 0. A break below could see more of a scoot lower in the pair. Looking at the hourly chart, the pair fell to a lower trend line, tried to stall the fall, but could not muster much momentum.
The underside of the trend line comes in at 0. Stay below is more bearish. In other markets near the US session close shows: The higher dollar helped to contribute to the lower level In the US stock market today, the major indices closed higher, but well off the highs. Asset 24 View More. Trade ideas thread - European session 2 October USD still gaining welcome to the twilight zone This is the time of scarcest liquidity for the 24 hour forex cycle.
If you are after a catalyst, scroll back on forexlive and find the comments from Fed head Powell. USD still gaining welcome to the twilight zone https: This is the time of scarcest liquidity for the 24 hour forex cycle. Trade ideas thread - Thursday 4 October Good morning, afternoon and evening all. Any charts, technical analysis, trade ideas, thoughts, views, ForexLive traders would like to share and discuss with fellow ForexLive traders, please do so: Trade ideas thread - Thursday 4 October Eamonn Sheridan.
Good morning, afternoon and evening all. Any charts, technical analysis, trade ideas, thoughts, views, ForexLive traders would like to share and discuss with fellow ForexLive traders, please do so:. Speech by Toby Fiennes - Enriching disclosures: Economic calendar due from Asia today If a catalyst was needed for the next few tics up it would seem Powell is da man:.
The high reached The index was hit in the last few hours of trading, turning negative at one point. However, there was a modest bounce into the close and the index is closing up 2.
The hour MA blue line in the chart below comes in at That will be a key level in trading tomorrow. That was off the highs The low extended to He was catapulted into the job at a good time. Inflation at goal, economy positive, unemployment lowest in 20 yrs Eamonn Sheridan.
Federal Reserve head Powell speaking , all very rate hike sort of stuff not surprisingly - very happy about where the economy is - unemployment lowest in 20 yrs As I said in the bracket above, nothing surprising from Mr. The USD is now the strongest currency of the majors. Rates may be causing some of the apprehension. The 10 year yield traded to the highest level since end of June Higher yields may be starting to take it's toll.
Does not see high risk that US inflation will pick up precipitously Speaking after talking at community banking conference in St. Louis The Cleveland Fed president adds:.
Does not see high risk that US inflation will pick up precipitously Greg Michalowski. Speaking after talking at community banking conference in St. The high for the day reached That occurred in the first hour of trading and was short of the record high at The last hour has seen a steady erosion lower.
The Nasdaq is up 33 points or 0. The low is at Looking at the daily chart, the pair has reached into the swing highs in the We are currently trading at Seller may look to lean. Still higher on the day, but much of the gains have been erased The Nasdaq is up 33 points or 0. The new all time high reached Crude oil futures not phased by inventory data, settle up 1. The private API showed a build of around K.
First ever Presidential alert will set off all cell phones at 2: That loud beeping across America will be the test. It is just a test. Having said that, he tends to not be so closed mouthed with audiences and reporters. So we will be looking out for any comments later. Bullard is a dove. Mester is also scheduled to speak.
She does not talk about economy or monetary policy as well. Feds Bullard also does not comment on monetary policy Greg Michalowski. Treasury yields continue to drive higher This could be a watershed US year yields are up 9.
This could be a watershed US year yields are up 9. The Fed's Brainard is speaking in Chicago at a payment system forum. Her prepared text does not reference monetary policy or the economy. Fed's Brainard is speaking but no comments on monetary policy or economy Greg Michalowski.