Forex Facts...

What is currency trading?

Currency trading is a buying and selling of currency on a forex exchange market with the intent to make money and earn a handsome profit. Currency trading in forex market is very good hobby to have as forex market is the world’s largest market. Forex Trading works with about 3.2 trillion U.S dollars in a daily volume. Currency markets provide global trading equilibrium to become a better person. Currency trading is all about making money with trading.

Trading depends on luck and we can defeat market with our luck. If you are not good in trading then u are definitely wasting your time in trading, because it required more knowledge and more experience to earn. Some people use to do trading because trading is there hobby, but no one can beat the market without a good knowledge. This is like a real job, one has to be master of risks to earn something from trading. The liquidity of economy varies with this trading only and it affects the economic growth of whole world.

More than 1000 currency rates are divided into 13 regions. The data directly comes from more than 170 big inter bank liquidity providers

Currency is circulated when we shop from stores, malls, shops etc. and people trades for those companies we work each day, they bears profit and loss of each company. These people are not afraid to take risk, to rebound from their losses, they all have big goals to accomplish with trading.

What is forex trading?

Forex is an acronym of Foreign exchange. It’s the largest market in the world with an estimated daily trading volume of $4 trillion, United States has the biggest economy in the world at $14 trillion per year. The forex market moves that amount every 4 days. The forex is a network of 1000’s of banks in the world, with no central location, no buddy is in charge of this. Its prime function is to determine the fair value of currency. If you were from india and traveled to Dubai to explore the countryside you’d need their local currency to buy things, so you’d go to bank or an exchange office and trade your Indian currency for US dollar.

How would you know what a fair rate of exchange is?

How would they know they are not giving you too much?

How would you know you are getting enough?

There is only 1 way to know and that’s by looking at the rate of exchange in the forex market the fair exchange rate is not determined by an individual, a business, a country, or even a group of countries. The price of currency is set by all the buyers and sellers of the world in real time, it’s the most accurate pricing you can get in the market because it’s nearly impossible to manipulate.

How forex works?

Currencies are traded in pairs. The Japanese currency and US currency are traded as a pair, represented by USD/JPY, if US dollar is moving up in price, then the yen is moving down in value by exactly the same amount, just think of an old scale where you place weight on one side and that side goes down. The other side goes up by exactly the same amount, because currencies are traded in pairs, you can either buy or sell – there is no difference. Buy EUR/USD or Sell EUR/USD it’s the same thing. The EUR/USD rate represents the number of US Dollars one Euro can purchase. If you believe that the euro will increase in value against the US dollar, you will buy Euro with US dollars. If the exchange rate rises, you will sell the Euros back, making a profit.  But while trading please keep in mind that forex trading involves a high risk of loss.

Normally people ask these type of questions….

What kind of trading approach should I use?

How currency markets provide global trading equilibrium?

How many indicators should I use?

Should I follow the TV news channels?...”

Let me ask you something first:-

If you were attacked in a dark alley and you felt that your life was in real danger what kind of defensive technique would you attempt to use. Would you attempt to kick your assailant with some fancy kung Fu move that you saw in a movie? Or would you use some basic but brutally effective knee to the groin, thumb to the eye technique that is easy to implement and that you are 100% certain will have an effect. When you have hard earned money riding on your trades maybe your life is not at stake by your and your family’s livelihood is. There are many trading companies which have some professional traders, they have many tricks and techniques with which they earns profit from forex.

Forex Services?

Forex trading services are services which are basically (uniquely) designed for the forex traders trading in MCXSX market. It acts as a brilliant platform for day traders for making profits from huge volume market. Forex market requires the study of complete Global Market and any important international outcome anywhere in the world can impact any of the currencies moment. There are many individual companies which provide these services and guide people to buy and sell currencies and help them earn profit from them with their knowledge and experience they have in the same market.

What they provides?

1.     Herein we will provide you around 2-3 FOREX Calls Daily.

2.     Follow Ups & All Important News & Information.

3.     FOREX Review, Resistance & Support.

4.     World Market & all important event updates.

5.     Complete Support & Direct Mobile Number will be provided.

6.     We assure you 85-90% accuracy in this plan on consistent basis.

They provide chatting facility and send messages to your register contact no’s of calls. They provide details like when to buy and when to sell, which currency to buy when and when to sell the same currency and to hold till what time. Some of these companies provide demo accounts as well to understand what the real environment is and they provide free trial of trading tips to test there accuracy for some days and one should subscribe with them after getting satisfied. They give stock tips with approximate 90% of accuracy which drives them to profit, calls are given them for NSE and BSE stock cash traders.

For more details about forex trading please check this link ....

relationshipdistance.blogspot.com