Forex - Study guides, Class notes & Summaries

Forex Trading Complete Course Study FORE Forex trading document, It teaches one on how to trade on the market and enables you to be able to utilise different trading strategies

How much money should you generally start with forex trading? - ANSWER-£250.00 what is the price of the currency a reflection of? - ANSWER-a reflection of what the market thinks about the current and future condition of a country's economy compared to other economies. what are the two main aims of a forex trader? - ANSWER-To buy a currency pair when exchange rates are expected to rise and to sell a currency pair when exchange rates are expected to fall. what are the currency pairs div...

What is the FOREX market? - ANSWER-The largest financial market in the world of foreign exchange. What is the trading volume of Forex throughout the day? - ANSWER-Over $5 trillion a day. The Forex market is a _______ ________ _______ Market place meaning it is not centralized. - ANSWER-Over the counter Who are the global market participants in the Forex market? There are four. - ANSWER-1. Governments and central banks 2. Banks and financial institutions. 3. Hedgers 4. Speculators ...

Forex markets - ANSWER-The forex markets is the crossroads for international capital, the intersection through which global and investment flows have to move. Global financial investment flows dominate trade as the primary non speculative source of forex market volume. Forex market is a traders market - ANSWER-It's a market that's open around the clock. Six days a week, Enabling traders to act on news and events as they happen. Liquidity - ANSWER-the level of market interest - the level ...

Who do not participate in the forex markets? - ANSWER-Agencies of federal and state governments and retirement plans When are the forex markets open? - ANSWER-5 PM EST Sunday to 5 PM EST Friday Rate that Fed charges to member banks to borrow to meet reserve reqs - ANSWER-Discount Rate The cost or price of one country's currency expressed in a denomination of another country's currency - ANSWER-Exchange rate An agreement where actual delivery and full payment for the currency on a f...

SMART MONEY CONCEPTS IN THE FOREX MARKET (A strategy for Individual Traders)

FOREX - ANSWER-foreign exchange market Main Task of a Trader - ANSWER-To BUY a currency pair when exchange rates are expected to rise in the future, then SELL a currency pair when its exchange rate is expected to fall Majors (Currency Pairs) - ANSWER-Represent developed economies and are highly liquid with low spreads. They are stable and predictable in relation to other asset classes such as small cap equities and stocks. Major Currency Pairs include: - ANSWER-EUR/USD, GBP/USD , USD/JP...

What is the FOREX market? - ANSWER-Forex is short for foreign exchange. Forex is the exchange of one currency for another, at an agreed exchange price. Similar to the concept of stocks you want to buy a currency at one price and sell it at a higher price (or sell a currency at one price and buy it at a lower price) in order to make a profit. This market is the world's most traded market with an average turnover in excess of US$ 5.3 trillion per day and is open to major institutions and individu...

MAJOR PAIR - ANSWER-Any pair that contains the US Dollar is consider a ______________. USD/JPY - ANSWER-___________________ would be consider an major pair. CROSS PAIR - ANSWER-Any pair that does not contain the US dollar is considered an _____________________. AUD - ANSWER-Which is the base pair in AUD/CAD London - ANSWER-What is the largest trading currency trading center in the world? Commercial Banks - ANSWER-Who are the main stakeholders on the FOREX market? Spread - ANSWE...

Lot Size - ANSWER-What traders use to determine how much money per pip one wants to make. To convert Lot Size into $$$ - Lot Size X 10 = Actual amount per Pip. Example: (Lot Size) 0.01 X 10 = $0.10 per Pip Pip - ANSWER-The smallest change in value for any given Forex source Entry point - ANSWER-The level or price at which a trader enters into a trade (buy/sell) Stop loss order - ANSWER-An order that you place with your FX broker and CFD Broker in order to sell a security when i...