In a 24-hour market, Forex trading begins each day in Sydney, and moves around the globe as the business day begins in each financial center, first to Tokyo, then London, and New York. Unlike any other financial market, investors can respond to currency fluctuations caused by economic, social and political events at the time they occur – day or night. Generally in the U.S., the FOREX market is available for trading from Sunday at 5:00 PM Eastern Time till Friday at 4:00 PM Eastern Time except for holidays.
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WHAT DOES IT MEAN TO HAVE A “LONG” OR “SHORT” POSITION?
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In trading, a long position is one in which a trader buys a currency at one price and aims to sell it later at a higher price. In this scenario, the trader benefits from a rising market. A short position is one in which the trader sells a currency in anticipation that it will depreciate….
WHAT ARE THE MOST COMMONLY TRADED CURRENCIES IN THE FOREX MARKETS?
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The most often traded or ‘liquid’ currencies are those of countries with stable governments, respected central banks, and low inflation. A large number of Foreign Exchange daily transactions involve trading the major currencies, which include the US Dollar, Japanese Yen, Euro, British Pound, Swiss Franc, Canadian Dollar and the Australian Dollar.
WHO REGULATES THE FOREX MARKET IN THE U.S.?
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The Commodity Futures Trading Commission (CFTC) and National Futures Association (NFA) monitor FOREX trading in the U.S. and provide a high degree of requirements and regulation of U.S. brokers.
WHAT IS THE PROCESS IN WHICH YOU EXECUTE TRADES?
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The majority of all Forex trades are made over electronic trading platforms connected to the Internet. Typically, a trader Installs and opens a trading platform on a computer. Then, the trader creates an opening transaction, which is an order to establish either a buy (Long) or sell (Short) position. As a general rule, a trade…
WHAT MAKES THE FOREX MARKET MOVE?
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World currencies are exchanged in large because of international trade. For instance, consumers of one country purchase goods of another country. Also, when large companies do business with other global companies. Global investments and monetary diversification are additional reasons that make the FOREX market move.
WHAT IS THE FOREIGN EXCHANGE (FOREX) MARKET?
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The Foreign Exchange market, also referred to as the spot “FOREX” market, is the largest financial market in the world, with a daily average turnover of approximately $1.5 trillion USD. Foreign Exchange is the simultaneous buying of one currency and selling of another. Most FOREX trading consists of trades between the U.S. dollar and six…