Forex Trading Beginner's Guide

Our Forex Trading Beginners Guide is FREE for all users and will show you that you too can trade like a professional with the right guidance. Learn to trade and all you need about the world of trading from the basics to expert levels.

In our simple Forex Trading Beginners Guide, learn what, how, why, when and everything relevant to trading in the market. Learn to trade and take advantage of currency movements to make profits and understand the details about currencies, charts, bulls and bears, strategies and so much more.

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+ Priceless learn to trade tips

What Is the Forex Market?

The foreign exchange market is where currencies are traded. Currencies are important to most people around the world, whether they realize it or not, because currencies need to be exchanged in order to conduct foreign trade and business.

If you are living in the U.S. and want to buy cheese from France, either you or the company that you buy the cheese from has to pay the French for the cheese in euros (EUR).

This means that the U.S. importer would have to exchange the equivalent value of U.S. dollars (USD) into euros. The same goes for traveling. A French tourist in Egypt can't pay in euros to see the pyramids because it's not the locally accepted currency. As such, the tourist has to exchange the euros for the local currency, in this case the Egyptian pound, at the current exchange rate.

One unique aspect of this international market is that there is no central marketplace for foreign exchange. Rather, currency trading is conducted electronically over-the-counter (OTC), which means that all transactions occur via computer networks between traders around the world, rather than on one centralized exchange.

The market is open 24 hours a day, five and a half days a week, and currencies are traded worldwide in the major financial centers of London, New York, Tokyo, Zurich, Frankfurt, Hong Kong, Singapore, Paris and Sydney—across almost every time zone.

This means that when the trading day in the U.S. ends, the forex market begins anew in Tokyo and Hong Kong. As such, the forex market can be extremely active any time of the day, with price quotes changing constantly.

KEY TAKEAWAYS:

- The foreign exchange (also known as FX or forex) market is a global marketplace for exchanging national currencies against one another.

- Because of the worldwide reach of trade, commerce, and finance, forex markets tend to be the largest and most liquid asset markets in the world.

Currencies trade against each other as exchange rate pairs. For example, EUR/USD.

- Forex markets exist as spot (cash) markets as well as derivatives markets offering forwards, futures, options, and currency swaps.

- Market participants use forex to hedge against international currency and interest rate risk, to speculate on geopolitical events, and to diversify portfolios, among several other reasons.

The many topics in our humble A Beginner's Guide to Forex Trading the following chapter, assembled and organized strategically for optimal understanding:

+ The Ultimate of Forex Trading Beginners

+ Trading Strategies

+ Types of Strategies

+ Scalping Strategy Guide

+ Successful Trader Tips

+ Live Signals

+ Trading View Charts

+ and more!!

Disclaimer

The information presented in this application is in no way intended as professional financial advice. This application is for informational purposes only. You should always consult financial professionals about any information before executing any trades.