What Is Forex Trading ? – A Definition & Introduction

What Is Forex Trading ? – A Definition & Introduction

This free Forex mini-course is designed to teach you the basics of the Forex market and Forex trading in a non-boring way. I know you can find this information elsewhere on the web, but let’s face it; most of it is scattered and pretty dry to read. I will try to make this tutorial as fun as possible so that you can learn about Forex trading and have a good time doing it.

Upon completion of this course you will have a solid understanding of the Forex market and Forex trading, and you will then be ready to progress to learning real-world Forex trading strategies.

What is the Forex market?

• What is Forex? – The basics…

Basically, the Forex market is where banks, businesses, governments, investors and traders come to exchange and speculate on currencies. The Forex market is also referred to as the ‘Fx market’, ‘Currency market’, ‘Foreign exchange currency market’ or ‘Foreign currency market’, and it is the largest and most liquid market in the world with an average daily turnover of $3.98 trillion.

The Fx market is open 24 hours a day, 5 days a week with the most important world trading centers being located in London, New York, Tokyo, Zurich, Frankfurt, Hong Kong, Singapore, Paris, and Sydney.

It should be noted that there is no central marketplace for the Forex market; trading is instead said to be conducted ‘over the counter’; it’s not like stocks where there is a central marketplace with all orders processed like the NYSE. Forex is a product quoted by all the major banks, and not all banks will have the exact same price. Now, the broker platforms take all theses feeds from the different banks and the quotes we see from our broker are an approximate average of them. It’s the broker who is effectively transacting the trade and taking the other side of it…they ‘make the market’ for you. When you buy a currency pair…your broker is selling it to you, not ‘another trader’.

• A brief history of the Forex market

Ok, I admit, this part is going to be a little bit boring, but it’s important to have some basic background knowledge of the history of the Forex market so that you know a little bit about why it exists and how it got here. So here is the history of the Forex market in a nutshell:

In 1876, something called the gold exchange standard was implemented. Basically it said that all paper currency had to be backed by solid gold; the idea here was to stabilize world currencies by pegging them to the price of gold. It was a good idea in theory, but in reality it created boom-bust patterns which ultimately led to the demise of the gold standard.

The gold standard was dropped around the beginning of World War 2 as major European countries did not have enough gold to support all the currency they were printing to pay for large military projects. Although the gold standard was ultimately dropped, the precious metal never lost its spot as the ultimate form of monetary value.

The world then decided to have fixed exchange rates that resulted in the U.S. dollar being the primary reserve currency and that it would be the only currency backed by gold, this is known as the ‘Bretton Woods System’ and it happened in 1944 (I know you super excited to know that). In 1971 the U.S. declared that it would no longer exchange gold for U.S. dollars that were held in foreign reserves, this marked the end of the Bretton Woods System.

It was this break down of the Bretton Woods System that ultimately led to the mostly global acceptance of floating foreign exchange rates in 1976. This was effectively the “birth” of the current foreign currency exchange market, although it did not become widely electronically traded until about the mid 1990s.

(OK! Now let’s move on to some more entertaining topics!)…

What is Forex Trading?

Forex trading as it relates to retail traders (like you and I) is the speculation on the price of one currency against another. For example, if you think the euro is going to rise against the U.S. dollar, you can buy the EURUSD currency pair low and then (hopefully) sell it at a higher price to make a profit. Of course, if you buy the euro against the dollar (EURUSD), and the U.S. dollar strengthens, you will then be in a losing position. So, it’s important to be aware of the risk involved in trading Forex, and not only the reward.

• Why is the Forex market so popular?

Being a Forex trader offers the most amazing potential lifestyle of any profession in the world. It’s not easy to get there, but if you are determined and disciplined, you can make it happen. Here’s a quick list of skills you will need to reach your goals in the Forex market:

Ability – to take a loss without becoming emotional

Confidence – to believe in yourself and your trading strategy, and to have no fear

Dedication – to becoming the best Forex trader you can be

Discipline – to remain calm and unemotional in a realm of constant temptation (the market)

Flexibility – to trade changing market conditions successfully

Focus – to stay concentrated on your trading plan and to not stray off course

Logic – to look at the market from an objective and straight forward perspective

Organization – to forge and reinforce positive trading habits

Patience – to wait for only the highest-probability trading strategies according to your plan

Realism – to not think you are going to get rich quick and understand the reality of the market and trading

Savvy – to take advantage of your trading edge when it arises and be aware of what is happening in the market at all times

Self-control – to not over-trade and over-leverage your trading account

As traders, we can take advantage of the high leverage and volatility of the Forex market by learning and mastering and effective Forex trading strategy, building an effective trading plan around that strategy, and following it with ice-cold discipline. Money management is key here; leverage is a double-edged sword and can make you a lot of money fast or lose you a lot of money fast. The key to money management in Forex trading is to always know the exact dollar amount you have at risk before entering a trade and be TOTALLY OK with losing that amount of money, because any one trade could be a loser. More on money management later in the course.

• Who trades Forex and why?

Banks – The interbank market allows for both the majority of commercial Forex transactions and large amounts of speculative trading each day. Some large banks will trade billions of dollars, daily. Sometimes this trading is done on behalf of customers, however much is done by proprietary traders who are trading for the bank’s own account.

Companies – Companies need to use the foreign exchange market to pay for goods and services from foreign countries and also to sell goods or services in foreign countries. An important part of the daily Forex market activity comes from companies looking to exchange currency in order to transact in other countries.

Governments / Central banks – A country’s central bank can play an important role in the foreign exchange markets. They can cause an increase or decrease in the value of their nation’s currency by trying to control money supply, inflation, and (or) interest rates. They can use their substantial foreign exchange reserves to try and stabilize the market.

Hedge funds – Somewhere around 70 to 90% of all foreign exchange transactions are speculative in nature. This means, the person or institutions that bought or sold the currency has no plan of actually taking delivery of the currency; instead, the transaction was executed with sole intention of speculating on the price movement of that particular currency. Retail speculators (you and I) are small cheese compared to the big hedge funds that control and speculate with billions of dollars of equity each day in the currency markets.

Individuals – If you have ever traveled to a different country and exchanged your money into a different currency at the airport or bank, you have already participated in the foreign currency exchange market.

Investors – Investment firms who manage large portfolios for their clients use the Fx market to facilitate transactions in foreign securities. For example, an investment manager controlling an international equity portfolio needs to use the Forex market to purchase and sell several currency pairs in order to pay for foreign securities they want to purchase.

Retail Forex traders – Finally, we come to retail Forex traders (you and I). The retail Forex trading industry is growing everyday with the advent of Forex trading platforms and their ease of accessibility on the internet. Retail Forex traders access the market indirectly either through a broker or a bank. There are two main types of retail Forex brokers that provide us with the ability to speculate on the currency market: brokers and dealers. Brokers work as an agent for the trader by trying to find the best price in the market and executing on behalf of the customer. For this, they charge a commission on top of the price obtained in the market. Dealers are also called market makers because they ‘make the market’ for the trader and act as the counter-party to their transactions, they quote a price they are willing to deal at and are compensated through the spread, which is the difference between the buy and sell price (more on this later).

Advantages of Trading the Forex Market:

• Forex is the largest market in the world, with daily volumes exceeding $3 trillion per day. This means dense liquidity which makes it easy to get in and out of positions.

• Trade whenever you want: There is no opening bell in the Forex market. You can enter or exit a trade whenever you want from Sunday around 5pm EST to Friday around 4pm EST.

• Ease of access: You can fund your trading account with as little as $250 at many retail brokers and begin trading the same day in some cases. Straight through order execution allows you to trade at the click of a mouse.

• Fewer currency pairs to focus on, instead of getting lost trying to analyze thousands of stocks

• Freedom to trade anywhere in the world with the only requirements being a laptop and internet connection.

• Commission-free trading with many retail market-makers and overall lower transaction costs than stocks and commodities.

• Volatility allows traders to profit in any market condition and provides for high-probability weekly trading opportunities. Also, there is no structural market bias like the long bias of the stock market, so traders have equal opportunity to profit in rising or falling markets.

While the forex market is clearly a great market to trade, I would note to all beginners that trading carries both the potential for reward and risk. Many people come into the markets thinking only about the reward and ignoring the risks involved, this is the fastest way to lose all of your trading account money. If you want to get started trading the Fx market on the right track, it’s critical that you are aware of and accept the fact that you could lose on any given trade you take.

SUAMI TANGKAP ISTERI DENGAN LELAKI LAIN. APA YG LELAKI INI LUAHKAN BUAT RAMAI MENGALIR AIR MATA !!

FOREX: What Is Forex Trading ?

Basically, the Forex market is where banks, businesses, governments, investors and traders come to exchange and speculate on currencies. The Forex market is also referred to as the ‘Fx market’, ‘Currency market’, ‘Foreign exchange currency market’ or ‘Foreign currency market’, and it is the largest and most liquid market in the world with an average daily turnover of $3.98 trillion.

The Fx market is open 24 hours a day, 5 days a week with the most important world trading centers being located in London, New York, Tokyo, Zurich, Frankfurt, Hong Kong, Singapore, Paris, and Sydney. It should be noted that there is no central marketplace for the Forex market; trading is instead said to be conducted ‘over the counter’; it’s not like stocks where there is a central marketplace with all orders processed like the NYSE. Forex is a product quoted by all the major banks, and not all banks will have the exact same price. Now, the broker platforms take all theses feeds from the different banks and the quotes we see from our broker are an approximate average of them. It’s the broker who is effectively transacting the trade and taking the other side of it…they ‘make the market’ for you. When you buy a currency pair…your broker is selling it to you, not ‘another trader’.

Suami Tangkap Isteri Dengan Lelaki Lain. Apa Yg Lelaki Ini Luahkan Buat Ramai MENGALIR AIR MATA !!! | Alangkah hancurnya hati seorang lelaki apabila isteri yang mereka sanjung dan sayang berlaku curang. Segala pengorbanan dilakukan hanya untuk membahagiakan isteri hanya sia-sia. Ini berlaku kepada seorang lelaki bila isterinya melakukan hubungan sulit dengan lelaki lain.

Semua tu terjadi bila si suami ni selesai menunaikan ibadah umrah di Mekkah. Habis hancur luruh hati lelaki ni bila dapat tahu isterinya sanggup buat macam tu..

Runtuhnya rumahtangga yang dibina 10 tahun

Perwatakan isteri yang lemah lembut, bertudung labuh

Tunai umrah, doa ditunjukkan kebenaran

NEXT >>

Mesothelioma Disease: Causes, symptoms, and outlook.

Mesothelioma Disease: Causes, symptoms, and outlook.

 What is mesothelioma?
Cancers happen when there is uncontrolled division of mutated cells. Mesothelioma is an aggressive form of cancer, meaning that it progresses and spreads quickly.

There are three types: Pleural mesothelioma is the most common form. It affects the pleura, or the lining around the lungs. Peritoneal mesothelioma is the second most common form. It attacks the lining of the abdomen, called the peritoneum. Pericardial mesothelioma is the rarest form. It affects the protective layer of the heart. Fifty-five percent of those with mesothelioma survive for 6 months after diagnosis, and 33 percent survive for a year.

Fast facts on mesothelioma:

• Mesothelioma is an aggressive form of cancer that most commonly affects the lungs.

• It is most likely to result from exposure to asbestos, which may have been up to 30 years before symptoms appear.

• There is no cure, and treatment focuses on relieving symptoms and improving quality of life.

What is mesothelioma?

• Pleural mesothelioma is the most common form. It affects the pleura, or the lining around the lungs.

• Peritoneal mesothelioma is the second most common form. It attacks the lining of the abdomen, called the peritoneum.

• Pericardial mesothelioma is the rarest form. It affects the protective layer of the heart.

Symptoms

• shortness of breath

• coughing, often painful

• unexpected and unexplained weight loss

• pain under the ribcage

• detectable lumps under the skin in the chest area

• lower back pain

• discomfort in the side of the chest

• exhaustion

• sweating

• fever

• difficulty swallowing

• unexplained weight loss

• abdominal pain

• swelling in the abdomen

• lumps in the abdomen

• nausea and vomiting

• low blood pressure

• shortness of breath

• fluid retention, or edema, often in the legs

• heart palpitations

• extreme fatigue following light exertion

• chest pain

Causes
Who is at risk?

• irradiation

• inhalation of fibrous silicates such as erionite, zeolite and intrapleural thorium dioxide

Diagnosis
Biopsy
Thoracotomy
Laparoscopy or laparotomy
Staging
Treatment

• the location of the cancer

• the stage of the cancer

• the patient's general health and age

Options for treatment

Here are some key points about mesothelioma. More detail is in the main article.

Cancers happen when there is uncontrolled division of mutated cells. Mesothelioma is an aggressive form of cancer, meaning that it progresses and spreads quickly.

There are three types:

Fifty-five percent of those with mesothelioma survive for 6 months after diagnosis, and 33 percent survive for a year.

It can take up to 30 years for symptoms to show after exposure to asbestos particles and dust. Diagnosis often happens when the disease is already advanced. The outcome depends on how early the malignancy can be diagnosed.

Signs and symptoms vary depending on the location of the cancer in the body.

Pleural mesothelioma can be indicated by:

Peritoneal mesothelioma can involve:

Pericardial mesothelioma causes:

Mesothelioma is directly linked to exposure to a combination of six minerals made from long, thin fibers called asbestos.

Asbestos is a group of minerals that occur naturally. They exist as fibers or bundles. These fibers may be found in soil or rocks and exist in many parts of the world naturally. Asbestos is made of silicon, oxygen and some other elements.

Asbestos is used in a range of products, especially building materials, including siding, floor tiles, ceiling materials, and roof shingles. Its presence is also found in friction products, such as brake parts, as well as heat-resistant fabrics, packaging, coatings, and gaskets.

It was often used in the past to insulate products and buildings and make them soundproof or fireproof.

When asbestos products are installed, repaired, or demolished, the fibers can become airborne. They can then be inhaled or swallowed and become permanently lodged in the lungs, for decades in some cases. Other organs can also be affected.

Mesothelioma can develop from these fibers.

The likelihood of developing mesothelioma is directly proportional to the length of exposure to asbestos, and how much a person inhaled. People in jobs with high exposure, such as on construction sites, steel mills, or power plants, have the highest risk of developing the disease.

Even family members who have never entered an asbestos-rich environment can be exposed. Workers exposed to asbestos can accidentally carry fibers home in their clothing, and become inhaled by other members of the household.

The World Health Organization (WHO) said that approximately 125 million people globally were exposed to asbestos at work in 2005, despite their employers having known about the link to cancer and other lung diseases for over six decades. Most work-related exposure today occurs in developing nations.

In much rarer cases, mesothelioma may be linked to:

• Mesothelioma is often diagnosed at a more advanced stage of the cancer.
  The doctor will ask about personal and family medical history and conduct a physical examination. They will also ask about previous employment if mesothelioma is suspected, to assess any potential exposure to asbestos.
  If mesothelioma is suspected, imaging scans such as an X-ray or computed tomography (CT) scan will be used to assist with diagnosis.
  A biopsy can confirm the diagnosis. The type of biopsy depends on where the symptoms are.
  In the the chest or abdominal area: The doctor will use a fine-needle aspiration. A small needle is inserted into the abdomen and chest to remove and test some fluid or piece of tissue.
  In the chest area only: The doctor will run a thoracoscopy. A thoracoscope is inserted through a small incision between the patient's ribs. A thoracoscope is a tube with a small camera at the end, designed for examining the chest cavity. The surgeon then removes a piece of tissue.
  In a thoracotomy, the surgeon opens the chest between the ribs to see the target area and check for signs of cancer. Some tissue may be removed for testing in the laboratory.
  If there are symptoms in the abdominal area, the doctor may carry out a laparoscopy or laparotomy to examine the area and take tissue samples for testing.
  A laparoscopy involves inserting a laparoscope into a small incision in the abdominal wall. The laparoscope has a small camera, like the thoracoscope. Samples can be taken.
  If more information is needed, a laparotomy may be requested. The surgeon opens and examines the abdomen. Tissue samples may be removed and sent to the lab.
  A pathologist can look at the tissue or fluid samples through a microscope, to see whether there is malignancy, what types of cells are involved, and how advanced the cancer is.
  If the surgeon plans to remove all or part of a lung, lung function tests may be carried out to assess how well the lungs are working, before surgery. This will show whether it is safe to carry out surgery.
  Diagnosis will confirm whether cancer is present, and how far it has spread. The stage of the cancer will be assigned between stage 1 and stage 4.
  Stage 1 mesothelioma the cancer is still localized inside the lining around the lung. It has not spread. At Stage 4, it has spread to distant organs and around the chest.
  Treatment will depend on several factors, including:
  Mesothelioma is usually spotted after a period of progression and is often aggressive. For this reason, fewer than half of patients will survive for a year after diagnosis.
  Highly advanced tumors can no longer be surgically removed. The only remaining option in many cases is to try to control the cancer, slow it down, and maximize comfort for the patient.
  Treatment at a late stage can sometimes cause severe side effects, so pain management and optimizing quality of life may be the better option.
  The doctor, patient, and family members should discuss the variety of treatment options thoroughly.
  Options include:
  Surgery: The surgeon removes the tumors with an invasive procedure. Normally, this is only appropriate during the early stages. Removing all or part of the cancer can slow tumor growth and relieve symptoms. Sometimes, the surgeon will remove the lung and surrounding tissue, followed by radiation therapy.
  A pleurectomy or peritonectomy removes the lining around the lungs or abdominal cavity, to relieve symptoms. A tumor that cannot be completely removed may be debulked, or reduced in size. A catheter or tube, may be installed to relieve fluid on the lungs.
  Pleurodesis: Drugs such as tetracycline or bleomycin are inserted between to pleura. This inflames the pleura, bringing them back together and blocking potential fluid buildup in the space.
  Chemotherapy: If tumors cannot be surgically removed, chemotherapy may be used to shrink them and slow their progress. Neoadjuvant chemotherapy may be applied before surgery to make it easier to remove a tumor. Adjuvant chemotherapy is used after surgery to prevent recurrence.
  Radiation therapy: This may be used to reduce the severity of symptoms in those with pleural mesothelioma. It is sometimes used to prevent metastasis after a biopsy or surgery.
  Cancer cells may be left behind after surgery and continue to recur Chemotherapy or radiation therapy can sometimes reduce this risk.

MEGHAN MARKLE HAMIL ANAK LUAR NIKAH DENGAN PUTERA HARRY?

FOREX: What Is Forex Trading ?

Basically, the Forex market is where banks, businesses, governments, investors and traders come to exchange and speculate on currencies. The Forex market is also referred to as the ‘Fx market’, ‘Currency market’, ‘Foreign exchange currency market’ or ‘Foreign currency market’, and it is the largest and most liquid market in the world with an average daily turnover of $3.98 trillion.

The Fx market is open 24 hours a day, 5 days a week with the most important world trading centers being located in London, New York, Tokyo, Zurich, Frankfurt, Hong Kong, Singapore, Paris, and Sydney. It should be noted that there is no central marketplace for the Forex market; trading is instead said to be conducted ‘over the counter’; it’s not like stocks where there is a central marketplace with all orders processed like the NYSE. Forex is a product quoted by all the major banks, and not all banks will have the exact same price. Now, the broker platforms take all theses feeds from the different banks and the quotes we see from our broker are an approximate average of them. It’s the broker who is effectively transacting the trade and taking the other side of it…they ‘make the market’ for you. When you buy a currency pair…your broker is selling it to you, not ‘another trader’.

Meghan Markle dikhabarkan hamil anak Putera Harry. Meskipun belum bernikah secara rasmi, Putera Harry mendambakan memiliki anak dari Meghan Markle.

Laporan dari Star, Selasa (31/10/2017), Meghan Markle dan Putera Harry dikatakan menyembunyikan khabar bahagia ini dari ramai orang. Namun, akhirnya bocor kerana Putera Harry sangat bahagia akan memiliki anak.

Usia kandungan Meghan Markle dikatakan sudah 15 minggu. Ada sumber menyebutkan, Putera Harry ingin membina keluarga yang bahagia.

“Putera sangat bahagia. Melihat abangnya, Putera William, menanti anak ketiga. Harry tak sabar segera membina keluarga impiannya,” kata sumber tersebut.

Berita Meghan Markle hamil di luar nikah dengan Putera Harry, membuatkan pemerintah kerajaan Inggeris sekaligus nenek Putera Harry, Ratu Elizabeth II, sangat marah. Bahkan, Ratu Elizabeth tak mahu mengakuinya.

NEXT >>