The Forex market is an inter-bank or inter-dealer
network first established in 1971 when many of the world’s major
currencies moved towards floating exchange rates. Forex Trading is
considered an over-the-counter (OTC) market, meaning that
transactions are not conducted on an exchange like some equity stock
markets such as the New York Stock Exchange (NYSE) or the Chicago
Options Board Exchange (CBOE) where options and futures are traded.
OTC trades exist as agreements made between two parties that agree
to trade via telephone or electronic network.
As Forex
trading has evolved, several locations have emerged as market
leaders. Currently, London, England contributes the greatest share
of transactions with over 32% of the total trades. Other Forex
trading centers—listed in order of volume— are New York, Tokyo,
Zurich, Frankfurt, Hong Kong, Paris, and Sydney.
Because
these trading centers cover most of the major time zones, FX trading
is a true 24-hour market that operates five days a week. For
example, as a trader in New York, you have access to the Forex
market starting Sunday evening when the market opens in Sydney for
the start of the trading week. Trading centers around the globe then
come online until New York closes at 4:30 PM EST. Of course, by this
time, Sydney will have reopened for the next trading day so you can
continue to trade around the clock until the New York close on
Friday.
Forex trading is again beneficial for it helps you
to perform complex analysis without mistakes. With access to your
computer, you can solve complex charting, sort out details of each
trading agreement minutely. Add to this, you have several forex
trading tools available online. These tools offer quick assistance
for forex trading in volumes. This is indeed a blessing for
newcomer, who often finds it tedious to track down the facts and
figures of forex market and forex trading agreement.
The
Forex market has become the world’s largest financial market, and it
is not uncommon to see over $3 trillion US traded each day. All
things you need to know and learn it up in Forex trading ; knowing
risk level - how much you are willing to lose, understanding the
different forex trading systems as technical and fundamental and
research the trading systems which you can be familiar with how they
work.
Forex trading courses are available as online courses
and also through printed books. Free tutorials and financial
guidance is also provided by many web sites. Choosing a professional
Forex Trading Course will provide you with details on
- The
best time to trade specific currencies like Euro - How to anticipate
movements and trends in the global market - Which pairs of currency
to trade - Best time to enter the forex market - Market conditions
and tips about efficient trading from experts - Technical indicators
Overall a forex trading course should be a complete currency
trading solution for all the queries regarding forex and its
effective trading options. |
