Basic concepts about forex's market

Basic concepts about forex's market

Basic concepts about forex's market

BASIC CONCEPTS

The information that we present below is not intended that you become an expert on the night of the ma nana, nor is it necessary that you learn everything by heart in order to be successful in their foray into the world of Foreign Exchange . But this will give a more or less general notion of how this fascinating market moves and for those who like Profundis, this material will lay the foundation for follow-depth knowledge of the management of Investing in the Forex market Forex. We recommend that you read it slowly and not be discouraged if at first you do not understand some terms, we have tried not to let any term without their respective explanation. So ... below that the best is yet to come!!

Why Forex?

The probability of winning in Forex is based on the fact that every currency is good as well as wheat or sugar and a medium of exchange like gold or silver. As the world changes so rapidly, the economic conditions of each country (production, inflation, unemployment, etc.) are more dependent on each other, as a result, the rate of exchange of one currency against other currencies. This is the main reason for the change process fluctuations.

There are two reasons that make an independent market FOREX and attractive. The first reason is that currencies are also goods that are necessary for everyone. For example, an American company need yen to buy Japanese cars to buy. Similarly the Japanese need to buy Euros in Germany new engine parts. For different reasons, each country needs foreign exchange. The second reason is the popularity that has Gando FOREX as a result of the first.As the situation of supply and demand for each currency is constantly changing, the rate of the currency of each country-country buyer and seller will also change. The different economic factors and conditions in each country also affect the currency of each country (working capacity, inflation, unemployment, etc.).

All currencies are traded in pairs and each has a short assignment.

Table 1. Currency abbreviation

Abbreviation

Interpretation

EUR = Euro

USD = U.S. Dollar

GBP = British Pound

JPY = Japanese Yen

CHF = Swiss Franc

AUD = Australian Dollar

CAD = Canadian Dollar

NZD = New Zealand Dollar

*

Today the FOREX market is the most profitable sector for their investments.

Unlike other financial markets, the Forex market does not operate from a fixed location as the stock market to cite one example. This market is more of a market that operates by telephone and computer terminals at the same time are interconnected via the Internet with hundreds of banks around the world. So much so that practically in almost all time zones (Sydney, Tokyo, Hong Kong, Frankfurt, London, New York, etc.) There are operators who want to buy or sell currencies, or currency exchange market operates 24 hours a day and the exchange does not stop throughout the workweek. For more information go to: www.forexcentury.com

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