Hello Steemians!
Today I want to talk about a topic that many of us here at steemit.com are very interested.
What is Forex?
The forex market, also known as "Forex", "forex retail", "FX", "Spot FX" or simply "Spot" is the largest financial market in the world, with a volume of more than $ 4 billion a day. Compared to the $ 25 billion volume of a day traded on the New York Stock Exchange, you can easily see the magnitude of the Forex. It actually amounts to more than three times the total amount of shares and futures markets combined! Forex is extremely volatile.
What is traded in the foreign exchange market?
The simple answer is money. Forex is the simultaneous purchase of one currency and the sale of another. Currencies are traded through an intermediary or broker, and traded in pairs, for example the euro and the US dollar. (EUR / USD) or the British pound sterling and the Japanese yen (GBP / JPY).
You are not buying something physical, this type of trading can be confusing. Think of buying a currency as buying a stock in a particular country. When you buy, for example, the Japanese yen, you are, in effect, buying a stock in the Japanese economy, as the price of the currency is a direct reflection of what the market thinks of the current situation and future health of The Japanese economy.
Why should you learn how the forex is handled?
Because the currency exchange base of the Forex can be applied in the world of the Altcoins, because it has been adopted up to a point many forex terms within the exchange of crypto currencies. Not only that, but the market and how it fluctuates can be studied and analyzed in the same way as those that do it in forex
(You will have seen something like this, right?)
Why not learn directly with altcoins instead of learning forex?
Because the Altcoins market is so relatively new that you can not easily get a course to work directly with them.
Ok, you got me, where can I learn forex?
There is a website where you can take a step by step course of how to work with Forex, it is long but the more documented you are, the better not?
https://www.babypips.com/learn/forex
Remember to Upvote and Resteem!
Source:
http://jontrader.com/que-es-forex/
Image Surces:
http://jontrader.com/que-es-forex/
http://elfactork.com/tag/especulacion-financiera/page/3/
http://www.buenosnegociosonline.com/blog/13-habitos-para-ser-exitoso-y-millonario/
Forex dying, because altcoins here.
Bullshit.
I say that it is necessary to learn forex to know how to apply it here with altcoins, since the methods of analysis are very similar.
Oh no no no.. Volumes not work in forex. Forex dont have transactions history. Forex - is a bullshit.
Forex rules not work in cryptos. But yes, peoples can learn about candles some information.
Analysis techniques are what matters , the basics are what matters in the end
If you trader - yes. But not if you an investor.
Investors not look at techniques analysis.
So no one does now! It’s much easier and more convenient to try to earn on special resources, for example, register Olymp Trade login.