Welcome to Forex Trading Tutorial!
Forex Trading Tutorial is a website containing forex trading online courses, education, and tutorial; targeting from beginner to expert. The site has comprehensive tutorial for fast profits in a substantially high risk market and has been designed to help the novice or beginner forex trader understand how the market works and give the trader a broad overview of the market.
Currently we are re-building and updating this site. So sorry for this inconvenience. We encourage you to check back often as we may have more interesting things here.
Introduction to Forex
The word forex is derived from foreign exchange and is the largest financial market in the world. It is open 24 hours per day and has an estimated $1.2 Trillion in turnover everyday. This tremendous turnover is more than the combined turnover of all the worlds’ stock markets and tends to lead to a very liquid market as well as a desirable market to trade.
Unlike many other securities the forex market does not have a fixed exchange. It is primarily traded through banks, brokers, dealers, financial institutions and private individuals. Trades are executed through phone and increasingly through the Internet. It is only in the last few years that the smaller investor has been able to gain access to this market. With the advent of the Internet and growing competition it is now easily in the reach of most investors.
About currency trading
If talk about “currency trading” can mean several things. If you want to know more about how to save time and money in foreign payments and transfers you can read other article about that.
In This article, on the other hand, discuss currency trading as buying and selling currency on the foreign exchange (or “Forex”) for the purpose of earning money, often called speculative forex it is called. XE does not offer speculative trade, nor do we advise companies offering this service. This article is intended for general information only.
How Does Forex Work?
The value of the exchange rate is the price at which one currency can be exchanged with another. Always expressed in pairs such as EUR / USD (Euro and US dollar). Exchange rate fluctuations based on economic factors such as inflation, industrial production and geopolitical events. These factors will affect the purchase or sale of a currency pair.