FOREX EDUCATION

What is Forex ?
 The foreign exchange (forex or FX) market is a global marketplace for exchanging national currencies. Because of the worldwide reach of trade, commerce, and finance, forex markets tend to be the world’s largest and most liquid asset markets. Currencies trade against each other as exchange rate pairs.

What is forex with example?
The forex, or FX, is the global marketplace for the exchange of currencies. As such, it determines the value of one currency against another in the real world. Forex prices determine the amount of money a traveler gets when exchanging one currency for another.

What is forex for beginners?
Forex trading refers to buying and selling currencies from around the globe. For example, if you think the Euro will rise and the U.S. dollar will fall, you could buy Euros and sell U.S. dollars.

Is forex easy money?
While the answer to this question is definitely in the affirmative, trading forex profitably does not come easy. Like most desirable professions, it takes training, focus and commitment to achieve long-term success as a forex trader.

How to study forex?
Trading Forex for beginners summarized
1.Learning the basics (currency pairs)
2.Learn the software (MT4, MT5)
3.Learn with demo accounts.
4.Find a reliable service provider.
5.Use the service provider’s resources such as tools and guides.
6.Read books on trading and watch videos online.
7.Learn various trading strategies and test them.

How to read forex chart?

HLOC chart (also called a bar chart)
1.The open price is represented by the notch to the left of the vertical line.
2.The close price is represented by the notch to the right of the vertical line.
3.The high price is the uppermost point of the vertical line.
4.The low price is the lowest point of the vertical line.