So, you want to learn something about the Forex name? Great! Let’s start with some basic forex concepts, but first let me tell you that I designed this “mini” course to be educational and fun. I think the most important part of learning is fun. After all, if you do not have fun, what’s the point?
The foreign exchange market can be considered as the place where all the world currencies are traded. It is the largest and therefore forex candlestick patterns the most liquid market in the world. It is said that about $ 5 trillion change hands every day!
The foreign exchange market is also known as the “foreign exchange market” or its longer version, “foreign exchange market”. They are all interchangeable. Why is the Forex Market So Popular? Not only is it the largest and most liquid market in the world, but it is open 24 hours a day, 5 days a week. This means that you can sit down Links and watch the price go down until your eyes bleed. Of course, I do not teach this … in fact, it’s the opposite of what I teach in my Forex Price Action Trading course.
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Unlike the stock market, the forex market does not have a central market like the NYSE. Instead, the negotiations are conducted electronically without prescription (OTC). It simply means that negotiations take place between computer networks around the world rather than a centralized exchange. The largest financial centers are London, New York, Tokyo, Zurich, Frankfurt, Hong Kong, Singapore, Paris and Sydney. As you can see, the forex market is seriously global, hence the need for a 24-hour market.
The 400 gorillas of the foreign exchange market. These big mothers are by far the biggest players in the Forex market. Banks interact primarily with the foreign exchange market in two capacities. The first is to facilitate transactions for retailers (you and me). When a bank does this, it is also called a “dealer” and facilitates the exchange of customers across a trading table, where the supply and demand margin is your profit.
The second way banks benefit from the Forex market is speculative trading, just like you and me. Keep in mind that banks have a lot more resources than you and me, and that’s why they are in a very different area. After we say that, we can even use the advice using the same techniques they use, which I teach in my Forex Price Action Trading course.
This is an important part of understanding the basics of Forex because it seems to me that many retailers (you and I) forget that we are a chip behind forex indicators an elephant when it comes to the size of the Forex market. The big fish we are talking about are the real “market promoters” in the Forex market. As you learn more about these players, you’ll understand why the Forex market is changing as it does.