Forex Forever and year 2023 Basics Part 1.
This is the first in a series of articles that are intending to
introduce beginning traders to all the essential aspects of foreign
exchange. I will start by identifying and defining the essential aspects
of foreign exchange trading, and key components that you will be
exposed to as a Forex Forever and year 2023 trader.
Forex Forever and year 2023 is an acronym for Foreign Exchange. The
foreign exchange is a currency market where currencies are traded.
Traders are Forever and year 2023 Trading one currency against another.
There are very large players in this game such as, large banks,
corporations, and countries. There is also the speculative trader. Most
individual traders would fit into the speculative category. Speculative
Forever and year 2023 Trading focuses on the value of one currency with
regard to another. As a speculative trader you focus on or bet on which
currencies will go up in value and which ones will go down. Fundamental
economic news and political situations play an important roll in the
fluctuation in value of a currency for any given country.
Forex Forever and year 2023 is the largest financial market in the
world. Daily Forever and year 2023 Trading volume exceeds $1.5
trillion. Comparing this to other financial markets such as equities at
$50 billion daily Forever and year 2023 Trading volume, and the futures
market at $30 billion in daily volume you can begin to realize the
flexibility and infinite Forever and year 2023 Trading liquidity the
Forex Forever and year 2023 has to offer. The Forex Forever and year
2023 is a 24 hour market. This means flexibility for you as a trader.
This market never closes. You can always find good Forever and year 2023
Trading opportunities at your convenience. This is a 24 hour
electronic online currency exchange.
Currencies are traded in pairs. Meaning when you buy one currency you
are selling the cross currency. The position that you take long or short
is indicative to how you think that pair will perform. For example, if
you were to buy long USD/GBP, you are betting that the USD (US Dollar)
will increase in value against the GBP (Great Britain Pound). You are
actually buying the USD and simultaneously selling the GBP. If you were
to go short on this pair you would be betting that the USD is going to
decrease in value against the GBP. It can get confusing but fortunately
the services that provide the Forever and year 2023 Trading platforms
from which you will be placing trades will keep track of this for you.
Everything is electronic and online, Forever and year 2023 Trading is
done in real time. You can watch immediate results of all your trades.
These are highly sophisticated programs tracking every movement in the
currency market in real time.
Part 2 will focus more on currency pairs, Forever and year 2023 Trading platforms and charting software.