Forex Education

What is fundamental analysis?


Fundamental analysis is a way of looking at the forex market by analyzing economic, social, and political forces that may affect the supply and demand of an asset.
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What is technical analysis?


Technical analysis is the study of the price movement on a chart of a particular Forex currency pair.
Traders use to study and make use of the price movement of a market to make predictions about future price movement.
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What is forex indicator/Signals?


A forex indicator is a statistical tool that currency traders use to develop their trading strategy and make judgements about the direction of a currency pair’s price action.
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What is forex chart?


A charting package that allows a trader to view historical currency exchange rates.
Forex Charts or currency charts are provided within forex charting software or forex trading platform/ terminal.
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What is a pip?


A pip is a standardized unit and is the smallest amount by which a currency quote can change.
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What is long and short Position?


A long trade is initiated by buying with the expectation to sell at a higher price in the future and realize a profit.
A short trade is initiated by selling, before buying, with the intent to buy the stock back at a lower price and realize a profit.
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How to trade?


Trading in the foreign currency market is the simple buying and selling of currency pairs, where you go long one currency and short another.
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Why Forex Trading?


1.
Flexibility in trading - Foreign Exchange Market provides a lot of flexibility to the traders and business men with respect to trading goods and services.
There is no restriction or limit on how much currency to be used for trading.
2.
A 24-Hour Market - The Forex market is the only market that operates on a continuous basis, because of the geographical dispersion between the various markets around the globe.
Forex trading is not available on Saturdays and Sundays.
3.
Commission Free - Forex trading does not involve commissions.
Traders pay for the spread involved, and this can be as small as 2 units at four decimal places.
4.
Recession Proof Market - Traders can make profitable trades on the Forex market regardless of whether there is a bull or a bear market trend.
The market is bi-directional, and traders can buy and sell both.
5.
High Leverage - Forex brokers may offer traders 100 times leverage, or even more favorable credit terms, for every dollar invested.
This can help keep contract costs down and potential profits higher.
Traders who only have a small amount of capital can take advantage of this leverage to get more lucrative successful trades.
6.
Highest Market Trading Volume - The Forex market has the highest market trading volume out of all the markets.
The daily volume can range from $4 trillion US dollars to $6 trillion US dollars.
No other market can compete with this volume of trading.
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