Introduction to Forex (Free Course)

Description

I’ll be starting with the introduction to forex

Forex which is Also known as “fx”

Means FOREIGN EXCHANGE MARKET. It’s a market whereby the nation’s currency us traded for that of another at a specified agreed rate .Forex is the largest market in the world caping $3 trillion per day. The market is electronically run within a of banks. It runs 5 days a week. Within 24 hours

The ideology of forex is buying and selling of currencies

So how is money made?

Now you buy currencies at a cheaper rate and sell of at a relatively higher price.

The good side’s about Fx include: Trading with as low as $200Which is a called mini trade account. It also requires less time consumption unlike the normal 9-5 . You basically need is roughly 3-6 hours approximately.
The time the market is open for each currency and it’s time zone.

Every business has its time for closure and opening.
Having that forex is run electronically over the globe it’s safe to say that it doesn’t have one central time . In which the all markets open . Different markets are opened at different times of the day . I’m going to use The eastern standard time (EST) New York time as a header.

The Australian dollar Sydney
Opens at 6:pm (EST) and closes by 2:am (EST).
The Tokyo market Japanese yen
Opens at 8:pm (EST) and closes at 4:am (EST). That’s when the – gets active.

The London market Euro and pound
The great British pound opens at 4:am (EST) and closes at 12:pm(EST)
The New York market US Dollar
Opens at 9:am (EST) and closes at 5:pm (EST)

For more information

Get the courses .