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ICTE
Admission opoen 2024

In this course, we’ll introduce you to the foreign currency market, including

who participates in it and some of their reasons for doing so. You’ll also gain

an understanding of the complex nature of certain trading products, as well as

some of the risks investors typically face.Understanding Forex Quotes.

Understanding forex quotes and the structure of forex pairs. Read

More.Understanding Technical Analysis. Learn the specifics of technical

analysis, trends, and determining when to enter a trade. …Developing Your

Trading Plan. Develop a thorough trading plan for trading forex.Investors

looking to enter the world of foreign exchange can find themselves frustrated

and quickly spiraling downward, losing capital fast and optimism even faster.

Investing in forex—whether in futures, options, or spot contracts—offers great

opportunity, but it is a vastly different atmosphere than the equities

market.Even the most successful stock traders can fail miserably in forex by

treating the markets similarly. Equity markets involve the transfer of

ownership, while the currency market is run by pure speculation. But there are

solutions to help investors get over the learning curve: trading courses.This

introduction to Forex trading is the first lesson in our FXAcademy tutorial.

Throughout our online courses, we will be teaching all about Forex trading,

which has become a very popular money-making vehicle.

Since Forex trading has become so popular and there are Forex brokers

advertising their services all over the web, traders should understand as much

as they can about Forex trading before choosing a Forex broker. The term “Forex”

is short for the foreign exchange market, which is the “place” where different

currencies are exchanged in a continuous fashion by millions of people all over

the world.

It isn’t difficult to conceptualize about Forex trading. Tourists who travel

from one country to another must exchange currencies in order to pay for a local

product or service. A wad of Euros would be totally useless to an Italian

tourist wishing to visit the Sphinx in Egypt because it is not the locally

accepted currency. The tourist would have to exchange his Euros for the local

currency, Egyptian pounds, at the existing exchange rate that day.

Even without knowing much about Forex trading, residents of one country exchange

currencies with another country each time they purchase a foreign product. For

example, someone living in the U.S. who wants to buy a nice bottle of French

wine may pay for it in dollars but the wine has already been paid for in Euros.

Somewhere along the line, either the wine producer or the American importer had

to have exchanged the equivalent value of U.S. dollars (USD) into Euros. This is

all about Forex trading.

Unlike the New York Stock Exchange or other stock markets, there is no central

marketplace for foreign exchange. Rather, currency trading is conducted

electronically over-the-counter (OTC), which means that all transactions occur

via computer networks between traders around the world, rather than on one

centralized exchange. The market is open 24 hours a day, five and a half days a

week.

Another thing about Forex trading: The need to exchange currencies is the

primary reason why the Forex market is the largest, most liquid financial market

in the world. It outperforms other markets including the stock market, with an

average traded value of around the U.S. $2,000 billion per day. Being aware of

the magnitude of Forex trading should be enough of an introduction to Forex

trading to motivate the eager investor to plunk down his money and start to

trade.

Traders can make a lot of money by trading on the Forex market. The more a

trader knows about Forex trading, the more successful he will be. It’s really a

very simple concept. In our next lesson at FX Academy, you will learn more about

Forex trading and what exactly is traded on the Forex markets. Stay tuned.

ICTE
International College of Technical Education Pvt. Ltd
Head Office :
Office # 27, Second Floor, Maryam Shadi Hall Plaza
(Airies Plaza), Shamsabad, Murree Road,
Rawalpindi, Pakistan 46000.
Email : info@icollegete.com
Contact : 051-6122937, 0311-5193625, 0092-335-4176949