Frequently Asked Questions
Over 5 Trillion Dollars is exchanged every single day on the foreign exchange market. The 8 main Foreign Exchange trading centres in the world are: London, New York, Hong Kong, Sydney, Paris, Tokyo, Zurich and Singapore.
The Foreign Exchange Market is often known as the Forex Market or the FX Market. Foreign Exchange is the exchange of one currency for another, or conversion of one currency into another.
For example If you were to exchange Euros into Dollars, then you would be given an exchange rate of how many dollars you would get for the amount for the amount of euros you are going to exchange. If the Eur/Usd exchange rate was 1.11 and you wanted to exchange 200 Euros then you would have 222.00 Dollars.
The Forex Market is open 5 days a week. It opens Sunday night at 10pm (GMT+1) and closes Friday night at 10pm (GMT+1). The markets run 24 hours during this period.
The Foreign Exchange Market is traded by businesses, investors, banks and retail traders. A retail trader is an individual trading their own personal capital, not for a business or organization. Forex trading is done by speculation through fundamental and technical analysis. Many people all over the world trade the forex market with different types of technical analysis to gain a bias whether the next move for the currency pair is going to be up or down. Each individual has their own trading account that is provided by a broker that allows you to enter and exit a trade when ever you want.
The course begins now and never closes! It is a totally self-guided online course – you choose when you begin and when you wrap up.
How does lifetime get to sound? In the wake of selecting, you have boundless access to this course for whatever length of time that you like – overall gadgets you possess.
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A Forex broker is a company that provides currency traders with access to a trading platform that allows them to buy and sell foreign currencies. A forex broker allows you to simply trade the foreign exchange market with ease from your laptop.
It is very simple to get a broker as it is all done via internet. All you need is a computer and internet connection. There are many different brokers all across the world, however we recommend EXNESS.
If you do prefer to use a different Broker, that’s completely up to you.
PLEASE DO NOT FEEL THAT YOU MUST USE THE SAME BROKER AS WE DO.