FOREX TRAINING COURSES LEARN TO TRADE STEP BY STEP
Forex Training – I am going to discuss the very basics of what the forex market is.
So in simple terms forex stands for foreign exchange and it is
only a place where traders from around the world go to buy or sell
currencies from various countries, depending on Demand and Supply rules.
Now, this idea of buying or selling currencies might sound strange at first.
The actual execution itself is straightforward; the reason for this is because all it involved is buying or selling of currency against other currencies.
Now I’m going to make many more posts for forex training courses.
This subject further I progress throughout our forex training course to
ensure that you understand this fully.
The Size of Forex Market.
So don’t worry now in terms of size the forex market is by far the most significant trading environment in the world with over $6.6 trillion traded per day reported on 17 September 2019.
The reason for its size is because it involves big players like
international banks hedge funds and central banks which have very high
budgets for trading in the forex market.
Now traders like you and I are tiny players in this market, so we cannot move the market in any direction.
Many currencies are available to trade within the forex market.
But there is also a list of seven major currencies that you should bear in mind when you.
The Currencies of Forex Market
The reason why these are significant currencies because they are the ones that provide the most volume in the market daily, bearing this in mind, there is also a list of the top five most traded currency pairs: EURUSD, GBPUSD, USDCAD, USDCHF, and the AUDUSD.
So there are too many other currency pairs available you can buy with them.
But the top 5 most traded currency pairs in terms of volumes.
So when you first begin to trade these currency pairs so such above couple should place on your charts.
Don’t worry. It is just an introduction. We will learn to trade step by step what the forex market is all about.