Forex trade is the speculative operations on sale/purchase of one currency for another. For example you can buy euro for dollars or yens for the British pounds.
The speculator or the currency stock exchange worker, as well as in any other area to aspires to win, that is to buy cheaper and to sell more expensive. However job in forex is not a casino, the only luck is not enough here.
Trade volumes on forex trade exceed the turnover of any stock exchange almost in 50 times and average from 1 to 3 trillion dollars a day. Forex trade runs 24 hours a day. First the Asian speculator with the center in Tokyo appear in the market, then follows the European session with the centers in Frankfurt and London, and finally the American one with the center in New York follows them.
Forex trade holding has lately become a rather widespread kind of activity. Not less than 80 % of all transactions on Forex have the purpose profit extraction via stock exchange speculation.
Forex trade consists of the following stages:
The analysis of the market situation;
Technical situation study;
Economic calendar study;
Trading plan composition;
Making the decision on bargain striking.
Forex trade is trained by many dealing companies. If you wish to be engaged in the given activity kind you should consult one of such companies. There you will be taught in professional forex trading. Usually, the training consists of theoretical and practical parts. The important part of forex trade is psychological aspects of haggling. During forex trade to you will have to struggle not only with the market, but also with the own psychological problems.
The speculator or the currency stock exchange worker, as well as in any other area to aspires to win, that is to buy cheaper and to sell more expensive. However job in forex is not a casino, the only luck is not enough here.
Trade volumes on forex trade exceed the turnover of any stock exchange almost in 50 times and average from 1 to 3 trillion dollars a day. Forex trade runs 24 hours a day. First the Asian speculator with the center in Tokyo appear in the market, then follows the European session with the centers in Frankfurt and London, and finally the American one with the center in New York follows them.
Forex trade holding has lately become a rather widespread kind of activity. Not less than 80 % of all transactions on Forex have the purpose profit extraction via stock exchange speculation.
Forex trade consists of the following stages:
The analysis of the market situation;
Technical situation study;
Economic calendar study;
Trading plan composition;
Making the decision on bargain striking.
Forex trade is trained by many dealing companies. If you wish to be engaged in the given activity kind you should consult one of such companies. There you will be taught in professional forex trading. Usually, the training consists of theoretical and practical parts. The important part of forex trade is psychological aspects of haggling. During forex trade to you will have to struggle not only with the market, but also with the own psychological problems.
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