How Forex works
This section was created especially for beginners in financial markets. A novice trader faces an information overload, trying to find something that will be really useful to him. To save time traders, we identified the main learning strategies for beginners.
Learning the basics of Forex trading consists of two stages: theory and practice.
Forex is the largest and most liquid market in the world, which allows you to earn on fluctuations in exchange rates, stocks, indices and other financial instruments. The forex market is the youngest of the financial markets, it appeared in the 70s when it was decided to refuse a rigid binding to exchange rates. From this moment, fluctuations in exchange rates give millions of traders great opportunities for trading. Today its volume is 5.1 trillion dollars.
Passing the initial training, pay attention that the forex market does not have a definite place of position unlike exchanges, it is a free world market with a huge number of participants, where they buy and sell currencies to each other. The greatest influence on the market is provided by the decisions of Central banks on interest rates, macroeconomic data reflecting the state of the country’s economy, geopolitical events. A correct assessment of the impact of these factors on currencies will determine how successfully you have completed the course of training in forex trading.