Basic Introduction To Forex Trading From High Finance Woman

If you were wondering; forex trading is nothing more than direct access trading of different types of foreign currencies. A few years ago, foreign exchange trading was mostly limited to large banks and institutional traders however; today technological advancements have made it so that small traders can also take advantage of the many benefits of forex trading just by using the various online trading platforms to trade.

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The currencies of the world are on a floating exchange rate, and they are always traded in pairs Euro/Dollar,
Dollar/Yen, etc. About 85 percent of all daily transactions involve trading of the major currencies.
Four major currency pairs are usually used for investment purposes. They are: Euro against US dollar, US dollar against Japanese yen, British pound against US dollar, and US dollar against Swiss franc. Right now I will show you how they look in the trading market: EUR/USD, USD/JPY, GBP/USD, and USD/CHF. As a note you should know that no dividends are paid on currencies.

If you think one currency will appreciate against another, you may exchange that second currency for the first one and be able to stay in it. In case everything goes as you plan it, eventually you may be able to make the opposite deal in that you may exchange this first currency back for that other and then collect profits from it.
Transactions on the FOREX market are performed by dealers at major banks or FOREX brokerage companies. FOREX is a necessary part of the world wide market, so when you are sleeping in the comfort of your bed, the dealers in Europe are trading currencies with their Japanese counterparts.

Therefore, it is reasonable for you to believe that the FOREX market is active 24 hours a day and dealers at major institutions are working 24/7 in three different shifts. Clients may place take-profit and stop-loss orders with brokers for overnight execution.

Price movements on the FOREX market are very smooth and without the gaps that you face almost every morning on the stock market. The daily turnover on the FOREX market is somewhere around $1.2 trillion, so a new investor can enter and exit positions without any problems.

The fact is that the FOREX market never stops, even on September 11, 2001 you could still get your hands on two-side quotes on currencies. The currency market is the largest and oldest financial market in the world. It is also called the foreign exchange market, FX market for short. It is the biggest and most liquid market in the world, and it is traded mostly through the 24 hour-a-day inter-bank currency market.
When you compare them, you will see that the currency futures market is only one per cent as big. Unlike the futures and stock markets, trading currencies is not centered on an exchange. Trading moves from major banking centers of the U.S. to Australia and New Zealand, to the Far East, to Europe and finally back to the U.S. it is truly a full circle trading game.

In the past, the forex inter-bank market was not available to small speculators because of the large minimum transaction sizes and strict financial requirements. Banks, major currency dealers and sometimes even very large speculator were the principal dealers. Only they were able to take advantage of the currency market's fantastic liquidity and strong trending nature of many of the world's primary currency exchange rates.

Today, foreign exchange market brokers are able to break down the larger sized inter-bank units, and offer small traders like you and me the opportunity to buy or sell any number of these smaller units. These brokers give any size trader, including individual speculators or smaller companies, the option to trade at the same rates and price movements as the big players who once dominated the market.

As you can see, the foreign exchange market has come a long way. Being successful at it can be intimidating and difficult when you are new to the game. So if you want to step into this market, first thing you do is get the right knowledge and educate yourself until you feel ready to jump in.

Forex Trading For The Beginners

Back again to the first plan before all the events in July to August happened. Bodoy, High Finance Woman and Tokak plan to get through with their LIVE Forex Trading Training, 1 Day Trial for $1 This was what they also planned on, should the SSS claim have come through and they would have invested the meager amount on citiseconline to give the game a go. What better way to but to get the help of a forex robot?

Forex trade is becoming more lucrative and attracting more and more people to start trading. There is a great turnover everyday and more people are becoming keen investors. Since the siblings are newcomers in this field, there are lot of things that they should learn from their forex trading seminar, like using Forex robots and other automated trading strategy.

There are things that they need to know about Forex trading, as beginners.

--that not everybody in the Forex trading wins everyday. This is totally a myth. As a matter of fact, there is about 95 percent of Forex traders who lose their money everyday. The siblings must not think greedily just yet and think that Forex trading is uncomplicated and can be done easily. Well, Pitt, winning in Forex trading is not only about proper trading tools and equipments. It is also about trading knowledge and mindset.

-- Forex trading is not only about winning. There are also losing periods. It is important to know and understand this fact, since there are some “experts” who would say that there are trading systems that would enable you to have 100% trade wins and zero loss. This is impossible!

Since they are newcomers, using a Forex robot may be the best option. Yes, Tokak, it can, as long as you would be using it correctly!

There are different reasons why an expert would like to use a Forex robot. It could be because of time constraints, wanting to be more flexible, improving their deals, or keeping their emotions at bay to help them make more transactions. A newcomer or a beginner is a different case.

Forex robot could actually make things easier for a newcomer. Forex trading could be complex and difficult, a software like the expert advisor would help beginners understand the principles about Forex trading and understanding the different strategies and systems.

Expert traders, over time, have developed their own “winning recipe” or their profitable trading strategy. A newcomer cannot compete with that. A Forex robot assists a newcomer in coming up their own winning trading strategy. Beginners would always follow a beginner’s curve where they could lose a lot of money while giving different trading methods and strategies a try.

To help the sibling beginners, these Forex robots can accomplish trades for the newcomer. Forex robots can be readily brought from different websites. They are very popular since it can work with Metatrader4. You just need to configure it at the beginning and later let it run to autopilot.

Its installation and setup process is also very easy to accomplish. Aside from that, there are also videos and instructions that comes with the expert advisor which you can watch to expand your understanding on how the system would work. Aside from that, some Forex robot vendors would offer training kit (for additional fee, sometimes). This would help you get some basic ideas and trading knowledge on how the Forex market works and what to expect from it.

Forex trade success is not just about getting the correct equipment and the right tools. It is about getting a proper mindset and at the same time learning the inner works of trading, not from an automated point of view, but from the manual one.

Forex robots are not limited to be used by beginners only. Even large financial institutions would use automated trading software and program like Forex robots. Just think about it, even if all of traders would be using Forex robots and expert advisors, why are there still traders losing? It is because, it is not just the robots that define success. There are other fields that you need to improve on, like trading mindset and skill, to be able to succeed in Forex trading.

Learn the same strategies which have allowed Jarratt Davis to enjoy nice annual returns for the past 5 years and has made him a top-ranking fund trader in the world.

Forex Glossary Of Terms

As I am sure we in the family would be interested to invest someday, I strongly believe that forex trading is the way to go. Think of the sales-pitch of High Finance Woman, the spunk of Bodoy and the cashflow -management of Tokak Suave, wow what a great combination! So here goes some details we all need to learn for the moment...

High Reward, Low Risk Forex Trading  is the way to go But before we go on  this new venture, we need to brush up on our forex terms knowledge.

Forex terms is one of the first steps to take before entering the Forex market.
Pip

The pip is the basic increment of price movement in any Forex market. The value of a pip may vary depending on the currency market and the size of the contract being traded.
Currency Pair

Each individual Forex market is a combination of two currencies. The price of a currency pair represents the exchange rate between the two currencies. Some examples of currency pairs are the EUR/USD, USD/JPY and GBP/USD.
Base CurrencyThe base currency is the first currency listed in a currency pair. When Forex traders buy or sell a currency pair, they are buying or selling the base currency against the quote currency. In the EUR/USD (euro/dollar), the euro is the base currency.
Quote Currency

The quote currency is the second currency listed in a currency pair. The value of the base currency is 'quoted' in terms of its value relative to the quote currency. In the EUR/USD, the dollar is the quote currency.

Bid

The bid is the price at which traders may sell a currency pair in Forex.
Ask

The ask is the price at which traders may buy a currency pair in Forex.
Bid/Ask Spread

The bid/ask spread, often referred to simply as 'the spread,' is the price difference between the bid and ask price in a Forex market. It is measured in pips. For example, if the bid for the EUR/USD is 1.4656 and the ask is 1.4658, the spread is two pips.
Rollover

Rollover is interest that is credited or debited to your account when holding a position overnight. The rollover reflects interest rate differences between two currencies in a currency pair.