What is Forex? |
Forex FOREX is the abbreviation for the phrase "market exchange in foreign currency"
FORegien EXchange market
Old currency was fixed constrained not moving, but in 1973 was released currencies "became a floating" In accordance with the conditions and economics and politics arose Forex market to benefit the people of the price difference.
The meaning is clearer to the market is trading in the immediate exchange of foreign currencies outside the stock market through a brokerage firm that provides online brokerage services company in the financial facilities from banks to customers, services are also provided economic analysis and provides trading software for customers to enter the spot market for currency via the Web or via mobile phone or through the trading software is installed on your computer, and after you open your new account with a brokerage firm and is funded with money you can merchant contracts and commercial transactions as a purchase or sale of exchange between currencies, as they deem you as an investor to expect the power to the economy of buying either the sale of its currency, other currency with you, or expect to double the country's economy Vtabie currency to buy another currency.
All of this is done through your real that you are opening and funding money to the brokerage firm of your choice and that Stdechlk to this market.
.. Do not forget to finish your education after the Open a real account with the site lets Forex ...
It is intended exchange in currencies outside the stock market because Forex does not have a financial center known traders are exchanges between the currencies in times of global work Inches.
Many beginners ask to be traded in exactly!
What نشريه, and what they sell in the Forex!!
Forex means that the exchange of foreign currencies, do you know the money changer!
Imagine yourself as an owner of the exchange you may be the seller or the buyer of the coin as you want in the exchange must therefore be aware that Forex trading in the form of exchange between any two currencies couple buy one and sell the other (if you are the buyer) or sell one and buy the other ( If you are the seller)
Please read the previous paragraph again,,
Do you read it? Well .. To complete the ..
Now, the question What currencies can I trade in?
Answer ... Any currency of any country you can trade it, but it depends on by a brokerage firm dealing in which your involvement and to the Forex market.
Here's the famous symbols of the country's currency, which Sttajer where:
Currency | Currency symbol | Character code | Flag | Currency of the State Her | Known by the name |
USD | USD | $ |  | United States | Buck |
Euro | EUR | € |  | Member States of the European | Fiber |
JPY | JPY | ¥ |  | Japan | Yen |
GBP / Pound Sterling | GBP | £ |  | Great Britain | Cable |
CHF | CHF | -- |  | Switzerland | Swissy |
Canadian Dollar | CAD | -- |  | Canada | Loonie |
Australian Dollar | AUD | -- |  | Australia | Aussie |
The New Zealand dollar | NZD | -- |  | New Zealand | Kiwi |
You will notice that the symbols of foreign currencies always 3 characters, where the first two letters of distinction for the name of the country, and the third character distinguishes the name of the currency of that country.
For example, any USD (US) abbreviation for the United States and (D) U.S. dollar
Types marry off Currencies:
Currency means Karinci Currency, currency and generally are classified into several types:
(1) the major currency pairs Major Currencies
It consists of 7 major currencies are (USD, EUR, JPY, GBP, CHF, CAD, AUD)
The major currency pairs should be the U.S. dollar is a party.
Either party to be essential on your hand north of the husband, such asUSD/CAD or USD / JPY ..
Currency counter-party or be on your hand the right of the husband, such asGBP/ USD or EUR/ USD ..
(2) pairs Altqataip Cross Currencires
Namely, any husband who does not the U.S. dollar is the currency of a party to it originally, and is more expensive in spreads.
For example, pairs of EUR / JPY and GBP / EUR and GBP / JPY and EUR / GBP.
Trading systems in foreign currency
Are the three systems:
The first, known as the International Monetary Market
And it is always revalue currency in U.S. dollars.
For example the euro in international currency market?
Any how the value of the euro the U.S. dollar an interview in a pair EUR / USD
Another example of the pound sterling in the international exchange market?
Any how the value of the pound the dollar, in a pair GBP / USD
The second system, known as the dollar trading system
And it will be evaluating the U.S. dollar and not to evaluate the price of currencies.
U.S. dollar is equal to you against another currency ..
Example of how the dollar Palin? Such as a pair USD / JPY
Another example of how the dollar's value in Swiss francs USD / CHF
The third system, known as the Exchange trading system
A system of direct exchange between currencies, without the the U.S. dollar is a key player.
For example, pairs of EUR / JPY and GBP / EUR and GBP / JPY and EUR / GBP.
Advice from the School course lets learn Forex for any novice in the currency market
At the beginning of your education with us, we do not recommend that trade in the currency pair in which no party to the U.S. dollar, we advise you to start training on currency pairs such as EUR / USD - GBP / USD and the U.S. dollar, as a husband, so as not high risk because the currency pairs that require you to training and exercise for a longer time somewhat.
The following diagram illustrates the global currency exchange activity:
We find that the USD is the U.S. dollar most traded currency, accounting for 89% of all transactions in addition to the euro is the second accounting for 37% and while the Japanese yen, representing 20% of the total demand for buying foreign currency.
OTC foreign exchange market
Also known as OTC foreign exchange market as largely the financial market's largest and most popular in the world, with trading a large number of individuals and organizers to buy and sell currencies and we find that the profits from Forex trading than trading in other markets such as gold and
