Forex Key:
Forex is a short form of foreign exchange. It is an internationally marketed currency market. This market can be earned through foreign exchange buying and selling. In other words, you can earn money through purchasing or selling coins of another country against a country's currency. When you buy coins of another country with the currency of a country, the price of the currency of the country is your gain, the difference between the price you buy is the same.
This market is so big that it is a little more expensive than the New York Stock Exchange Market. Whose daily turnover is more than $ 5 trillion US dollars. Currently, 15-20% of the people have taken ForexCapesa as part time, some as a full time job. Originally a kind of outsourcing business in Forex. Where to profit, through a good education. Knowing without knowing this market means falling on your own feet will kill the ax.
Without ape Education, you are just a visitor to this market. So if you want to be a trader then start learning better then start. I do not fear or negatively, because the lesson is lost when I lose everything before understanding, there is nothing I can do except compromise.
A brief history of forex: Gold exchange standard was introduced in 1876. In this system the currency is determined based on the standard of gold. As a result, the paper currency equivalent to the total gold price was kept for the country. This method was quite well. But due to the sudden rise in gold, this system has been defective and it has to be dismissed.
This gold-based currency system was canceled during World War II, when European countries did not have enough money to implement their huge projects. Because their gold reserves were very inadequate to print that amount. Although this gold system has been canceled, gold still holds its position in its value and currency.
Later it was decided that all the currency values would be fixed and the American Dollar would be the reserve base for the currency, which is the only measured currency against gold. This system is called the Bretton Woods System, which was implemented in 1944. In 1971, the United States declared that they are no longer interested in exchange of dollars against gold, which are kept as foreign reserves.
This led to the breach of the Bretton Woods system. In 1976, this system was ineffective, through which the unanimous change of currency system was introduced. Through this, modern foreign exchange market was introduced, which took the form of the current mechanical and automated system in the year 1990.
What is the advantage of forex trading?
These markets have some versatile advantages from unique financial markets.
In the past, only the wealthy or banks could have the opportunity to trade on the forex market. But now with the change of time, due to the emergence of various Forex Brokers and competition, anyone can trade on Forex market from any country in the world.
Forex trading allows you to sit at home, there is no need to go outside. And so the family can spend a lot of time.
The forex market is the world's largest currency market, the price of the currency in this market is constantly changing itself based on the economic condition of the country. Based on the price of this market currency, the price of the currency of all financial institutions, including banks of all the countries of the world.
Representation of a single person can not create reflection in this market. Bill Gates does not have the full meaning of the ability to change the market.
There is no recession in forex market. Proliferation of prices can be profitable at both the speed and downward movement. Because you can buy only in the stock market, you can buy or sell both at Forex market.
There is no proprietor here, so you can buy and sell directly. This is the global market so you can manage your trade from anywhere in the world.
This is the only market that is open from 4:00 to 4pm on weekdays, in four different sessions. As a result people of any profession can trade on their behalf anytime or night at any time. And all transactions in this market are closed on Saturdays and Sundays or holidays are observed.
In this market you are an independent inventor ie this market is not the lowest or the highest investment compulsion. As a result, you can start trading by investing any amount like your ability.
Before starting the main trade, you can prepare for the trade and you can recover from the demo trade through virtual money.
In this market you will get leverage to trade on a wide range of money with your limited money.
It does not have to wait long time to sell a spot trade or continous flow market where you buy a stock. That means you can complete your trade in moments.
All your transactions will be managed through your personal account, where there is no scope for access to anyone else. So you're 100% secure.
You can do your own by using your deposit or any international legal means. If anyone does not have any international media, then it can be done through brokered alternatives to broker.
Note that to be a skilled and successful trader, you will have to study a lot about Forex market, make yourself eligible for this market. Anyone from the forex market can earn a lot early without knowing anything. Remember, Forex market is just as challenging as the stock market. Knowing without knowing will be initially successful, which is also the stock market. But for a long time to survive, there is no alternative without much education about Forex market.
Congratulations @tistariqul! You have completed the following achievement on Steemit and have been rewarded with new badge(s) :
Click on the badge to view your Board of Honor.
If you no longer want to receive notifications, reply to this comment with the word
STOPDo not miss the last post from @steemitboard:
SteemitBoard and the Veterans on Steemit - The First Community Badge.