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Forex Education | Infin Markets
What is Forex?
Forex is around the clock. It is not related to any specific timetables as trade takes place among banks located in different parts of the World. The mobility of exchange rates is such that significant changes happen quite frequently, which enables to make several transactions every day. If you have an elaborate and reliable trading technology this can be turned into a business no other will be able to compete with. No wonder why banks buy expensive electronic equipment and maintain hundreds of staff of traders, working in different segments of the currency market.
Forex stands for Foreign Exchange market (FX) which represents a multitude of inter-bank currency exchange transactions concluded at floating rates determined by the current market supply and demand.
The market is constantly expanding as international trade is booming around the world and money flows are restrained by only few boundaries left.
Nowadays the Forex market daily turnover estimates at $4 trillion and about 80% of its transactions is speculative jobbing on the exchange rate fluctuations. This attracts millions of participants from financial institutions to individual investors.
How to Trade: Basics for the Forex beginners
Certainly one can ask, whether the theoretical knowledge is enough for answering to the question how to trade and, finally, whether it is enough for becoming a good trader. The answer is simple: it’s only half of the deal. It can be assuredly said, that reading these articles will give the beginner the required basis for going further.
Certainly all this knowledge would be useless, if there were no Forex brokerage companies. This companies provide platforms, through which trading is taken place. We strongly advise the new traders to use NetTradeX platform, which has a very comfortable interface and is easy-to-use.
After choosing the company, you should use all the knowledge obtained in practice which can be easily done through opening a demo account. Trading in demo version will contribute to your knowledge and act as a basis for further trading via real account.
All these initiated steps will help you to have a good understanding what is Forex and how to trade online. With the obtained knowledge, you can also start using Forex Analytics, which includes market overview, economic calendar, technical and fundamental analysis. These features will help you to have a good understanding of what’s going on in the market, how the prices are fluctuating, and so on.
How to trade if you are a newcomer to the Forex market? There are many online tutorials which provide online materials for those who are interested in trading, who want to study in details how to trade, etc. However, different types of information may confuse you, so it can be easier to get all this information from the website of the brokerage company that provides all this information in the special section of Education, containing such articles as what is Forex, Introduction to Forex, analysis methods, different terms that are new for the beginners, and so on.
Advantages Of Forex
Flexible Management of a Trading Process
A trading position can be open for a pre-set period of time according to the investor's needs, which allows to organize a trading process in advance.
Traditionally Forex has no commission charges apart from the natural Bid/Ask price differential (Spread).
Execution Price Guarantee
Unlike futures or other currency investments, Forex guarantees order execution at the current market price no matter the volume you trade.
Currency fluctuations have a certain overall direction seen even per a short period of time. Each given currency has its own definite fluctuations in time which enables speculations in Forex.
A level of margin required is only defined by terms of agreement between a client and a bank (broker firm) providing a client with an access to the market (normally constituting 1:100). This means that you can trade volumes of up to $100,000 only having deposited an sum of 1% of the volume ($1,000). Such an insignificant margin level (significant leverage) coupled with rapidly changing currency quotations makes Forex highly profitable (and highly risky). Although its up for trader to decide what leverage to use.
Forex operates enormous amounts of money and gives an utmost freedom of opening and closing trading positions at current market quotations. High liquidity is highly attractive side for every investor because it enables the possibility of entering and exiting the market with any volume.
Due to 24 hours a day working pattern, Forex traders do not need to wait to react on an event as it happens in other markets.
A possibility to trade 24 hours a day, regardless a geographical location: you only have to have a computer connected to the Internet. You will do perfectly fine even with a pocket PC, PDA or a mobile phone.
?Forex services offered by Infin Markets
Infin Markets offers a vast range of high-quality Forex services which you may use for your benefit:
1. Forex brokerage services
2. Free Demo accounts
3. Cutting-edge trading platforms
4. Daily market overview and technical analysis
5. Live chat support
THANKS FOR CONSIDERATION