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By combining easy-to-understand information with actionable insights, Our company helps make the market seem less daunting and more approachable.
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Webinars
Take your trading skills to a higher level with our webinars. Our live online educational videos allow you to interact with experts in the industry. You get to watch live tutorials and find answers to some urgent questions. Furthermore, presenters share various documents that are not limited to presentations, videos, voice notes, and many others. Our free webinars equip you with industry-leading knowledge and tips from our forex experts. They are designed to boost your understanding and boost your trading experience. When you have the necessary skills, you gain the confidence required to trade the markets. Each live webinar is ideal for experienced traders and newbies because our expert analysts guide you through the most crucial forex techniques and theories. We are dedicated to accompanying you in each step of your forex trading journey. We offer essential forex education by giving you a solid foundation and practice to continue trading. There are multiple benefits of joining our webinars, such as:
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Finding out forex tips from our experts.
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Watching experts analyze markets in real-time.
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Gaining essential training that might not be readily available on other platforms.
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Honing your trading knowledge and skills.
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Refreshing your memory about the industry.
Trading Info
What is forex trading?
Foreign exchange (Forex) is switching one currency to another for various reasons, such as tourism or trade. The current trading volume in forex exceeds $6 trillion daily. In addition to that, the foreign exchange market describes a global market for trading various national currencies. Furthermore, the foreign exchange market is the most liquid and largest asset market globally. When you travel abroad, you will likely make a forex transaction. Although most trading occurs for practical reasons, most currency conversion is taken to earn profit. Due to the large volume of currencies converted daily, some currencies tend to be highly volatile. This volatility is what makes the foreign exchange very attractive. Although forex trading has high risks, there is an excellent opportunity for increased profits.
How does forex trade work?
The forex market is regulated by an international network of financial institutions, such as banks, in the four primary trading centers with varying time zones: New York, London, Sydney, and Tokyo. On top of that, the forex market is decentralized, and you can trade any time of the day. The three types of forex market include:
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Future forex market : A contract obligating traders to buy or sell a certain amount of a particular currency at a specific price and date in the future. A future contract is legally binding to all parties involved.
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Spot forex market : It refers to the exchange of a currency pair that occurs at a specific point when the trade takes place.
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Forward forex market : A contract to sell or buy a particular amount of a specific currency at a set price and date in the future or within a future period.
What is a currency pair?
A currency pair consists of a base currency and a quote currency. The base currency is the first currency listed in the pair, while the quote is the second one. Each of the two currencies are listed as three-letter codes, where the first two stand for the country or region while the third letter stands for the currency itself. For instance, EUR/USD is a currency pair, which involves buying the Euro and selling the US dollar.
What moves the foreign exchange market?
The forex market consists of various currencies globally. That makes predicting the real-time exchange rates a bit difficult because multiple factors affect price movements. Similar to other financial markets, forex is highly influenced by demand and supply forces. Some of the factors that influence price fluctuations include:
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Central banks : They can announce measures that influence a currency’s price.
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News reports : When positive or negative news reaches the market about specific issues, it may encourage or discourage investment. Ultimately, they may influence currency price.
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Market sentiment : The reaction to different news can play a significant role in influencing currency prices. That is especially important when traders are confident a currency may move in a particular direction.
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Economic data : Information about the economy is essential in influencing price movements. It may provide a hint about what the central bank may do or how the economy is performing.
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Credit rating : In addition to economic data and interest rates, traders also look at credit ratings when making investment decisions.
