We do not dream of being rich and having a lot of money to buy what they want. Young people, men and women always seek to find a chance to achieve this dream. Some of them find their way and some of them bored by the search
Forex trading companies have become a way to reap money.
The term “Forex” has become widespread and a market for currency trading or foreign exchange trading. It is the largest financial market in the world, with more than 3 trillions of dollars a day. In global currencies
In the “Forex market”, trading done by buying or selling “currency pairs”, where the “trader” who has money in this market and wants to exchange them against other currencies, trading currency against another. Such as the euro against the US dollar, the US dollar against the Japanese yen, the euro against the Japanese yen, the pound against the Swiss franc, the Canadian dollar against the US dollar, and others
When a “client or trader” opens a deal in the Forex markets, he or she makes a deal on a particular currency pair or a sale on another pair of currencies. There is no specific central location for the Forex market, so it is one of the most flexible and available online trading for all investors from around the world
Forex traders divided into two main types: long-term traders and short-term traders. We can add a third category, gamblers, where some enter the currency market for quick profit without knowing the rules and rules of the financial markets
The Forex market is one of the most volatile markets in the world and operates 24 hours a day.
Prices depend on a wide range of economic and political factors. Everything can affect the online currency market, but the main factors affecting currency rates are: “Interest rates, inflation, political and economic stability of countries.”
Governments often enter the FX market to influence currency prices. Some governments either dump the market in the state currency to lower their price or buy large amounts of the currency to raise the price. However, given the size of the Forex market, there no single entity that can affect the market significantly
On the potential returns or “profit”, the potential returns from online currency trading are almost endless. Many Forex companies offer a high leverage so that the trader can trade tens and hundreds of thousands of dollars, while the capital may be a few hundred dollars in Obviously, the higher the leverage, the higher the chances of profit, but the higher the loss
The method of gain or loss depends on the way you trade. However, the fact is that, unlike many other financial markets, Forex trading can be inexpensive, and since most brokers, offer advantage of at least 100: 1, traders can trade tens of thousands of dollars with 500 only dollars in the account
Unlike in other financial markets, each of us does not need many things to start trading currencies online, we do not need a license, and can start with a very small capital. However, it is not wise to start trading in this market without adequate preparation in advance, which ensures reading and study and identify the entrances and exits of this market, in addition to the choice of a reliable mediator
Choosing the right forex broker through the Internet may be one of the most important decisions made by the investor. Therefore, it is very important that a well thought out decision taken. It is also important for the investor to study the transaction well and understand the effects before trading online