The Forex trading course a self-study guide to becoming a successful currency trader FREE BOOK PDF FULL 2022.

 The Forex Trading Course a Self-study guide to Becoming a Successful currency trader FREE BOOK PDF FULL 2022.

 

The Forex :

the forex or foreign exchange market is one of the world's largest financial markets in terms of liquidity, with an average volume of more than $5 trillion per day.

 Forex is a direct trading type, short for Foreign Exchange Market 

- the forex trading market 

- by trading a currency against another currency, often with the aim of making a profit.

 In addition, the forex market is one of the most mobile and active financial markets, and it also provides its users with high levels of liquidity that most other markets miss. 

Currency pairs and trading price: 

Currencies in the forex market are traded in pairs such as sterling against the US dollar, US dollar against the euro, for profit through spreads. 

The currency rates in Forex are determined based on the rate of supply and demand, while the price differences between them are known as "spreads". 

Below are the most common currency pairs in the Forex world: 

Euro/United States Dollar (USD/EUR). 

GBP/USD is referred to as "USD/GBP". 

US Dollar/Japanese Yen is referred to as JPY/USD. 

Euro/Japanese yen is referred to as JPY/EUR. 

Australian Dollar/United States Dollar (USD/AUD). New Zealand Dollar/United States Dollar (USD/NZD). 

Canadian Dollar/United States Dollar (USD/CAD). 

The forex market has a lot of different currencies from all over the world, and foreign currencies in the market are divided into: major currencies, secondary currencies and western couples. 

The 7 's main spouses include more common couples, the aforementioned. While in secondary pairs major currencies are traded between them except in the US dollar. 

Exotic couples have one main currency and one secondary currency such as USDNOK and EURTRY. Major currencies depend entirely on the world's strongest economies such as the United States, Japan, Switzerland, the eurozone, Canada, the United Kingdom and New Zealand. The currency pair trading rate is the value of the priced currency you can buy for one unit of the base currency. 

For example: EUR and USD are the most popular and traded currency pair in the Forex market. When you're looking for an EUR/USD exchange rate, you want to know how much dollar (priced currency) you can buy for EUR 1 (base currency). If the EUR/USD exchange rate is 1.2356, it means you can buy USD 1.2356 for every EUR 1. 

If the exchange rate is upward, this means that the base currency is getting stronger against the secondary currency. If the exchange rate is downward, this means that the base currency weakens against the secondary currency. 

On the other hand, spreads vary according to the popularity of each currency pair, which is determined by the daily trading volume of the pair, and the volume of liquidity and spreads are usually linked to a pecuniary relationship, meaning that higher liquidity results in lower spreads and vice versa. 

Open an electronic trading account and join AvaTrade to open your way into the trading world- To click Below! 

Forex Market:

With more than US $5 trillion in liquidity traded on the market daily, the forex market is arguably the most liquid in the world, and the forex market is most distinguished as not having a particular location where currencies are traded, making it one of the most flexible financial markets, as it is available online to any investor from all over the world. The Forex market includes many global financial entities and organizations such as central and commercial banks, governments, financial bodies, international investors, local investors and trading individuals. Forex traders rely on the Internet to track the price movements of their currency pairs through specialized financial intermediaries. In principle, it means you can buy almost any currency as you wish at any time when the market is open. Market opening hours are the main factor that determines advantage. Forex markets operate 24 hours a day, 5 days a week, starting from Monday morning until Friday evening, unlike international public holidays. Trading in the market by its global nature begins in New Zealand and then in Australia, Asia and Europe, finally in the USA, allowing at any time day or night from Monday to Friday. Trading in the market by its global nature begins in New Zealand and then in Australia, Asia and Europe, finally in the USA, allowing at any time day or night from Monday to Friday.

Among the most important means of trading in forex markets:

Currency Rate News: Following up on currency news is one of the most important procedures that can be used in Forex trading with easy access and instant price updates through the Internet, This is unlike having access to reports issued with the aim of taking advantage of reading market history and gaining experience through tips, which helps to follow sound forex trading strategies. Technical and Basic Analysis of the Forex Market: Reading charts and analyzing trends help absorb market movement, thereby predicting the impact of news on the market, which helps in making smart forex trading decisions, but is an essential tool to understand how the Forex market fluctuates. How to trade Forex: The most common currency pair for trading is the Euro/US Dollar pair EURUSD, as the currency on the left side is called the base currency that it wants to buy or sell, while the other currency is called the secondary currency and it is used to make the transaction. Each currency pair has two different rates, currency sale rate and purchase price. This difference is called spread, which is the amount the broker gets to open the position for trading. The higher the liquidity ratio the smaller the spreads. Prices are shown about 4 numbers after the point such as USD 1.2356, where the change in price is shown in figure IV after the point, in the forex market the spreads, gains and losses are displayed in points. Other terms in the forex market include "short-term purchase", which is the procedure for selling and purchasing, respectively. Some traders in the forex market in the event of a market rise call the bull market term which is not true, but the terms "bull market" and "bear market" are used to determine the direction in which the market is headed. Some traders in the forex market in the event of a market rise call the bull market term which is not true, but the terms "bull market" and "bear market" In order to go to any market that has been determined the course of the latter. Market-savvy traders will be able to use their strategy in the event of a rising market and a falling market, as this step enables them to speculate on market movement properly and generate a lot of profits. Nevertheless, losses are considered the other side of the currency, because the forex market is a highly volatile market, so junior users are advised not to trade big money until they bear the amount of losses they may have.

What to do when trading Forex?

When you trade forex you will always trade a pair of currencies, i.e. you will buy or sell a currency against another currency. If, for example, you expect that sterling will weaken against the US dollar, you should buy £1 against the US dollar. If you expect the opposite (i.e. you expect that the US dollar will strengthen), you should sell sterling against the US dollar. From this point of view, you can always take a position in the direction that you assume the market will turn towards and therefore this will increase the likelihood of your trading opportunities. Why is it recommended to trade Forex with Avatrade? When you start trading forex, you should be able to trade with confidence. We at Avatrade adhere to a set of values that define our relationship with our customers. From this point of view, we want to provide you with the best possible training and tools for trading, with a variety of account options including an Islamic trading account. We offer you the service of providing first-class multilingual customer service and the most advanced and user-friendly trading platforms. With the most sophisticated and easy to use trading platforms, we pledge to continue to innovate for you.

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