What is "FOREX"?

The buying and selling of foreign currencies is what constitutes the "FOREX" (Forex, Foreign Exchange Market) global currency market.

Where is the worldwide "FOREX" exchange rate market?

Unknown is the location of "FOREX" tenders. Through the use of the Internet, bid transactions between parties in Europe and Asia may be carried out.

Who are the primary players in the currency market?

Central and commercial banks, investment funds, broker companies, dealing centers, as well as individual traders, are significant players in the currency market.

Who is a Market maker?

Market makers are the businesses that take on risk in the foreign exchange market, according to the English market maker who created the market. They own a particular amount of currency to maintain trading on the market even when it is not liquid.

Who is a broker?

A broker (from the English broker, the middleman in the completion of contract) is a business or other legal body that engages in market activity professionally. Based on legally binding agreements with the customer, the broker is permitted to carry out trading activities on behalf of oneself and at the expense of the client.

Who is a trader?

A company or other legal entity that participates in the market professionally is known as a broker (from the English broker, the intermediary at the conclusion of contract). The broker is authorized to conduct trade operations on behalf of himself or herself and at the expense of the client on the basis of legally binding contracts with the client.

What are the most commonly traded currencies on “FOREX”?

The US dollar (USD), euro (EUR), Japanese yen (JPY), British pound (GBP), Canadian dollar (CAD), Australian dollar (AUD), and Swiss franc (CHF) are the principal currencies traded on the currency market.

How much a trader can earn on currency fluctuations?

Everything depends on a trader's motivation and readiness to invest the time and effort required to be successful in the currency market. The knowledge of many experts reveals that it is possible to earn 100% a year or even more on the "FOREX" market.

"FOREX" — is it something like a lottery?

The foreign exchange market is not a lottery where you should put all of your trust in luck. Knowledge that may be acquired via books, specialist periodicals, the internet, webinars, seminars, and courses given by professionals is essential for success. It's critical to comprehend the guiding principles and theoretical underpinnings of currency market analysis in order to trade successfully on "FOREX." Because of the trader's inexperience and lack of training, losses might happen.

What it is better to begin with?

Schedules should come first, then a thorough analysis, and finally trend changes.Reading specialized books can help you keep improving yourself. You may discover all of them at www.euronextcfd.co.uk, the website of the "Euronextcfd" corporation. If you follow the same plan, you'll succeed right away.If at all feasible, begin trading on a demo account. It is preferable to start with a small but actual investment on a real trading account because, according to many industry experts, trading on a trial account does not exactly resemble real FOREX trading. Therefore, it is available.

What education a trader must to have?

Your degree has no actual value in the FOREX market. Experience has shown that someone who sincerely strives for anything only succeeds. The most important factor is your desire to master currency trading, and everything else can be quickly learned owing to the abundance of free instructional resources that are presently available to traders. These resources can help traders acquire the knowledge and skills required for trading on "FOREX."

Whether it is necessary for a trader to know English?

Of course, but not always. All additional essential information is available in Russian on our website and in other subject resources.

What is the hedging?

The protection against price fluctuation risks is known as hedging (from the English "hedging," an insurance or a promise). The conclusion contracts in the forward markets are used to carry it out. To safeguard items against abrupt changes in the currency market, the first futures operations were founded in Chicago. The balancing of liabilities or the opening of counter positions on currency buys and sells is the hedging mechanism.

What is the spread?

The difference between the offer on buying and selling currencies is known as the spread (from the English term spread, which denotes a difference). Using the spread, a broker "earns" money from customer trades.