What is forex ?
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What is Forex?
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Transcript of What is forex ?
What is Forex?
The trading of currencies
The Forex market is the largest market in the world.
$5.4 trillions is traded everyday in the Forex market.
Introduction to Forex Forex is the Foreign exchange
market. Forex is the trade of currencies. Largest market with a daily
turnover of $5.4 trillion.
The Forex market is categorized by a fight between the Bears and the Bulls
In the Forex
MarketYou can make money when the price is moving and also make money when the
price is moving down
BullsThe Bulls are the buyersAnd they push the market UP!
A Bullish trend is an uptrend where the prices are going up.
A Bullish market is when everything is great example employment is high
Introduction to ForexBearsThe Bears are the sellers and they push the market DOWN!
A Bearish trend is a downtrend where the prices are going down.
A Bearish market is when things in the economy are bad example recession.
Introduction to Forex
Introduction to Forex
The Bulls go LONG The Bears go SHORT
Learn more about going long and going short
Introduction to Forex
Introduction to Forex
ProfitsBears Bulls
Both the Bulls and the Bears make profits in the market.Bulls go LONG
Bears go SHORTLearn the difference between long and short positions
Who does not make money in the market Chickens and Pigs The Chickens are to afraid to enter the
market Pigs enter the market based on hot tips,
but never do their due diligence
Introduction to Forex
Advantages
The Forex Market is open 24/7Learn about the best times to trade the market
The Forex Market is decentralized
There are no commissions
You do not need a lot of money to enter the Forex Market
Introduction to Forex
Decentralized Market
Introduction to Forex
Centralized Market
Introduction to Forex
Benefits of a Decentralized Market
In a centralized market the prices can be easily
be altered to benefit the specialist and not the traders.
In a decentralized market there are so many people setting the price, which create a lot of competition which means that you always get the best price.
Introduction to Forex
Let’s review some conceptsForex
Is the trading of currency pairs.Learn about the different currency pairs
Forex
The Forex Market is the largest market in the world.
Forex
The Forex Market is characterized by a fight between the Bulls and the Bears
Forex
The Forex Market is open 24/7, the market never sleeps
Forex
Forex is traded using a MT4 trading platform.
Forex
Both Bears and Bulls make money in the market.
Quiz
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