Sunday, March 29, 2020

WHAT IS EXACTLY FOREX TRADING

Hello Guys!

Welcome to Forex Industry. Do you ever hear about ‘FOREX’?. Do not simply traded on forex market without guidance okay! So, let’s learn what is exactly forex trading.

Foreign exchange market, also known as the FX or Forex market. Forex involves exchanging of currency to another at agreeable price. Thus, forex market amazingly provides opportunities for investors to profit from changing currency values.

Market in forex trading involves Businesses, Governments, Banks and Traders intention to determines the foreign exchange rate. Whereby, buying, selling and exchanging currencies at current or determined prices on chosen currencies rate. Forex market is global centralized and only open in weekdays for 24hours!.

Do you know forex market is the largest financial market in the world with a daily turnover of $5 trillion!. It is huge amount compared to the biggest stock exchange markets. Of course, the retail forex trading doesn’t make up most of the volume. Somehow, daily trade volume of retail traders is around $1.5 trillion. Don’t worry too much either don’t overconfident, but with strong knowledge and character you may survive peeps!

Stay tuned for more on our next post, Okay!.

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Saturday, March 28, 2020

ADVANTAGES OF TRADING FOREX


Hello Everyone!
How's Your Trading Day?.

Every business has its fluctuations, profits and losses.

Here are some good news if you are interested in trading forex:
  • The Forex market involves a large number of buyers and sellers which results in swift trade execution - both buying and selling.
  • Fx Market Operation hours are 24 hours only on weekdays. Basically, the highest volume of trade is usually started from Sydney and followed by Tokyo, London and ending in New York.
  • Forex markets are open to various global markets that are open all day.
  • Generally, brokers offer higher leverage than the market due to high liquidity. Somehow, greater profits on smaller investments can take place with smaller movements in currency prices. Let's say that if our brokers offered 100:1 and $100 that position should be $10000. Therefore, smaller movements in currency prices would have greater weight which could lead to greater profit on smaller investments. Somehow, leverage does work both ways and can magnify losses.
Due to low and high level of leverage, possibilty to open accounts with FX brokers with small amount of capital is applicable... Great Haaah?.

So, Are You Ready For Our Sharing?.
Stay tuned for our next post on the forex crisis.

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 Don’t Hesitate, Contact Us For Better Help and Services. Contact Us

Youtube: EAST Academy
Official Website: www.EastAcademy.co

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