When you do this, you’ve essentially participated in the forex market! You’ve exchanged one currency for another. Or in forex trading terms, assuming you’re an American visiting Japan, you’ve sold dollars and bought yen. It’s these changes in the exchanges rates that allow you to make money in the foreign exchange market. 5 TRILLION a day trade volume. Some may even find it sexy.
So the NYSE sounds big, it’s loud and likes to make a lot of noise. Oooh, the NYSE looks so puny compared to the forex market! The currency market is over 200 times BIGGER! But hold your horses, there’s a catch! So you see, the forex market is definitely huge, but not as huge as the others would like you to believe. Do you feel like you already know what the forex market is all about? In the next section, we’ll reveal WHAT exactly is traded in the forex market.
Next Lesson What Is Traded In Forex? What is a Pip in Forex? What is a Lot in Forex? The way to get started is to quit talking and begin doing.
We introduce people to the world of currency trading, and provide educational content to help them learn how to become profitable traders. We’re also a community of traders that support each other on our daily trading journey. Highest profits are realized only when the best forex trading strategies are employed by the forex traders. There are many time tested forex strategies that can be used by serious traders. Fundamental Analysis Based Forex Trading Strategies Forex traders evaluate currencies and the countries much like how equities and companies are evaluated to get a clear idea of the currency’s value. The value of a currency changes due to many factors such as economic growth of the nation and its financial strength. All this information is analyzed by the forex traders to evaluate the value of its currency.