What is the Forex market?
“Forex” is a common abbreviation for “foreign exchange.” It involves trading on the global market of inter-bank transactions, where the goods are currency. Currency trading takes place in special sections of worldwide stock exchanges. You used to have to be physically present in the stock exchange building, but with the development of the internet, currency trading has become available to a wide range of interested parties.
The Forex market has many advantages:
- it is not linked to a specific area
- trading is performed 24 hours a day excluding weekends and holidays
- anyone can trade. All you need is internet access and specialized knowledge. Our lessons can help you with this.
As you know, currency can produce an enormous amount of passive income. So the Forex market is for you! You probably have the following questions:
- why do exchange rates change, and which factors do I need to consider when making trades?
- how risky is trading for beginners?
- how can I develop my own profit strategy?
By watching our video lessons for traders, you will get a full overview of trading on the currency market. You’ll learn about base currency and quoted currency, how transaction volumes are calculated in lots, how an advisor can help you, and much more. Consisting of seven lessons, our course covers topics from the factors that influence currency prices to how to understand graphical tools and the right way to apply credit leverage.
What do I need to do to start making money?
Go through the tutorial to familiarize yourself with the core principles of currency trading and master the functions of exchange terminals and market analysis techniques.
Register on a broker website such as the Forex Club or a dealing center, which will give you access to trading on the Forex market.
Every experienced trader has to start somewhere. Our lessons will help you achieve success and avoid the pitfalls of the currency market. Complete the tutorial to make more effective use of the functionality of trading platforms and apply methods for fundamental and graphical analysis.
You can find answers to all your questions on the pages of our application.