I Advantages of the Forex Market 3
II Basic Forex Concepts 8
III Orders in the Forex Market 13
IV Game Plan for Successful Trading 18
V Beginner Trading Strategies 25
ADVANTAGES OF THE
The Forex market is a place in which investors are allowed to trade foreign currencies in a given trading period. It is considered to be the world’s largest market with a daily output of 3 trillion US dollars.
The value of currencies is constantly changing every minute throughout the day, depending on the supply and demand levels. Therefore, the market is open twenty-four hours a day five days a week.
Compared to other financial mediums, the Forex market provides better security in the world of investment.
The concept of Forex trading is similar to the regular market, where participants buy and sell goods. In the Forex market, traders are buying and selling foreign currencies. There are over 100 currency pairs available in the financial markets.
There is a uniform currency exchange rate used in the global financial markets. Whatever exchange rate is used in New York, it will be the same exchange rate used in other countries.The Forex market involves an international network of computers and brokers from all over the world.