What is Forex?
- The Foreign Exchange (Forex) market is one which a nation’s currency is traded for that of another at a mutually agreed rate.
- Forex market is run electronically within a network of banks, 24 hours, 5 days a week.
- Largest market in the world - $ 3 trillion per day versus $ 500 billion for stocks
What we need for The Business of Forex Trading
- Minimal Investment
- Mini trading account starts at USD 200 at least
- Minimal time commitment
- 3 – 6 hours a day is more than sufficient
- No need any employee, office or inventory.
- Recession Proof!
- To succeed, you must be willing to work hard and master this professional skill
- 24 – Hour market gives flexibility
- Build your business from anywhere in the world. All you need a laptop or internet connection.
- Plan your daily routine. Always pay attention at the time of American market, Europe market and Asia market.
FOREX BASICS
Forex is quoted in currency pairs. Each currency is given a 3 – letter code.
Here I am showing you 8 most currency symbols
- EUR Euro
- USD US Dollar
- GBP British Pound
- JPY Japanese Yen
- CHF Swiss Franc
- AUD Australian Dollar
- CAD Canadian Dollar
- NZD New Zealand Dollar
Other currency symbols
- SEK Swedish Krona
- DKK Danish Krona
- NOK Norwegian Krona
- SGD Singapore Dollar
- ZAR South African Rand
A Professional Trader only trades the most common & liquid 7 Pairs:
EUR/USD, GBP/USD, USD/JPY, AUD/USD, NZD/USD, ANS USD/CAD
Great work
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