I am a Forex Trader.I love currency trading.
The FOREX or Foreign Exchange Market is the market where we are dealing with currency parities.
Example: EURO against the dollar, or more commonly known as EUR / USD. It is therefore beside the value of one euro in dollars.
In our example, the EURO is the base currency, the dollar is the currency that generates your more or less value for your trades. In short, you buy or sell the EUR / USD, you win or lose dollars. At the closing of the position, more or less this value is then converted to base currency of your account at the market.
Parities Forex evolve as new economies of the two currencies involved in the parity. For the EUR / USD will therefore monitor all the economic news of the euro area, as well as those of the United States. Each new economic prévisionnée, a new and better than its forecast generally increase its currency. So if a new sort EURO, EUR / USD and appreciate good news sort USD, EUR / USD will depreciate.
However, keep in mind that a good new EURO can devalue the EUR / USD, where the news was widely anticipated (most often at the rate of change of central banks), or again that new USD grows stronger dollar on the rise, because even better.
The FOREX is a market that lends itself well to technical analysis. Indeed, when no new leaves, the market will most likely his last (which is why the FOREX market is also called trend), often forming very beautiful figures Chartists. The figure found on the FOREX is the channel (bullish or bearish), since it is mostly in trend, with corrections.
The FOREX market is ultra fluid. The daily volume now exceeds 2,000 billion dollars. There is therefore no problem of return (especially since your broker is your return guarantee). This volume ammené exchange is to increase day by day, since today, it is very easy to handle on the FOREX, through brokers and internet trading platform. The more so that all brokers offer their clients to leverage the deal.
The FOREX market is not a really volatile. The average daily volatility of parity is around 1.5%. The FOREX is made volatile by the leverage effect. Indeed, if we take the example of an individual investing 10,000 euros with leverage of up to 500, it can be processed on the FOREX for 5000000 EURO. Such a position on the EUR / USD for example generate variations on balance more or less 500 USD per pip. So with a level of EUR / USD at 1.4000, a simple change of 28 pips in the wrong direction, he would lose everything he has on his account. (conversely, in 28 pips, it doubles its capital ...)
The Best Forex Automated Trading Robot is Fap Turbo
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