FOREX
Forex is the foreign exchange that you can bid and ask the currency of your choice .Forex is traded between currency pairs of two different countries and each currency is denoted by particular symbol as for example euro/usd are for the currencies of europe and us dollar.The comparison of value of currencies between two nations denotes the stronger economy of that nation.Forex trading is a relatively new platform for investors because of less awareness among the people.In the past time only Govt. official or financial institutions were permitted to make this action but after the wide emergence of internet era an indiviual or companies are independent to do forex trading via a forex brokers as a middle man.Forex is a biggest financial market of the world,around three trilion dollar is transacted per day worldwide.though the market is too risky and an individual is advised to spend accordingly whatever he/she affords to risk.there are a lot of possibilities with this financial market as its liquid,flexible and no time constraints as it runs 24 hours a days excluding weekends and the required amount to trade starts as low as $10. Remember unlike share market,currency market never happens to be manipulated by any particular institution,but it is operated between different nations exchanges hours,like the currency session starts from asian exchange/tokyo exchange and followed by sydney and europe and finally US exchange.Each exchange keeps around 8 hours run and an individual can sit any hour as per comfortability.One need to go thorough knowledge of forex before entering the market.there is a lot of literature in the internet regarding the education and the one i used is www.babypips.com where you can find proper forex school right from basics to post graduation.Forex vocabulary is a basic weapon to understand the terminology used in the currency market.Another important thingh is technical analysis and fundamental analysis of the market.Threre are a lot of technical indicators can be used while performing with the market and the back years database is much helpful for proper understand of the forex market. There are a lot of brokers who allowed the clients to open a demo account woith virtual currency amount to practice witht the currency market and thats the beauty of this as there is no another market where broker provide this facility and more of this when an individual switch over to real account that is as minimum as $10 one can deposit and the type of real account an individual opens varies from cent accounts to higher ones as affordability of risk taking factor.remember,forex market might take several years to learn and gain the returns though the very less time your luck may work.it is supposed that everyday if 100 people enter the market only 5 survive after a rigorous exercises and proper implementation of education and live experience.The market is not survived by get quick rich scheme but its a patience job as many times market become too volatile to understand and sometime too calm for making any decesion.
Forex education is being imparted by many institutions but the courses offered are too expensive so someone is advised to get first online education.Almost all brokers in their website portals have a education column in their menu bar.There are many websites provide an online education for free.Forex education includes terminology,technical analysis and fundamental analysis of the market.
Forex terminal is the software provided by all brokers to perform the activities,to sell and buy the currency pairs. This terminal is basically a charting software wherein price movement is presented in different kind of charts like lines,bars and candles.The terminal is comprised of different technical indicators than can make you analyze the future movement of the market.There is a facility of expert advisor tool that can be much beneficial if the person is unable to take proper decesion about the price action.
Forex signals is the another facility provided by different forex experienced people via respected websites.One can ask for paid signals for real time or some provide free signals but a bit later.