foreign exchange market
Market of foreign exchange (or Forex) - the global financial Playground, where are bought and sold various currencies. The daily turnover of the global foreign exchange market Forex is the amount of one currency, обменянной to another, such as between the market makers (for example, large banks), and between individuals. It may seem strange, but the way of its functioning, unlike other financial markets, is quite simple. So easy to learn the basics of Forex trading. Currencies are bought and sold for each other on certain courses. If you open a position on the purchase of currency, when its cost is low, and sell at high cost, you get a profit on your investment, i.e. earn money. It is very simple. It is very important to know what moves Forex market, how various factors affect it and where it will move on.
One of the basics that you need to know the working hours of the Forex market. In contrast to other world markets, foreign exchange market operates 24 hours a day, so you need not worry and keep track of the time of opening of the market. Although it is open all the time, thanks to the presence of four of the world's trading sessions, you need to carefully monitor the market during the busiest sessions, which belong to the new York and London. Officially recommended time to trade - this is the intersection of these sessions, although the market can work intensively even in one of these sessions. The weekend market is not working activity at this time of zero.
Another interesting feature of the foreign exchange market Forex is the fact that most dealers offer a trade with a leverage. Leverage - the type of lending, in which the dealer multiplies your investment maximum of 400, so that even with small changes of currency rates you receive high profits. Be careful, since trade with a leverage of more risk than usual, although the potential profit increases.
You are lucky that you are interested in the Forex market it was at this time, because there are plenty of free resources on Forex theme, available on many sites. You can easily find a free browser market Forex, free currency Converter, a free widget to the rates of Forex trading and training materials, as handbooks, manuals and glossaries, which will help you learn how to determine the trend and predict fluctuations in the market.
