Location via proxy:   [ UP ]  
[Report a bug]   [Manage cookies]                
Scribd Logo
Upload

Welcome to Scribd!

  • 72 views

    Forex: Foreign Exchange

    Uploaded by

    Leong Weng Phoon
    The Forex market is the largest financial market in the world, with an average daily trading volume of $5 trillion, over 5 times larger than the New York Stock Exchange and Tokyo Stock Exchange combined. It operates as an over-the-counter, decentralized market with trading occurring continuously 24 hours a day, 5 days a week between major banks, central banks, corporations, investment management firms, and retail forex brokers and investors. The three main Forex market centers are London, New York, and Tokyo. Forex trading offers benefits such as leverage of up to 500:1, allowing traders to control large positions with relatively small accounts, ability to profit from both rising and falling markets, and ability to trade from anywhere via internet

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF or read online from Scribd

    Forex: Foreign Exchange

    Uploaded by

    Leong Weng Phoon
    72 views15 pages
    The Forex market is the largest financial market in the world, with an average daily trading volume of $5 trillion, over 5 times larger than the New York Stock Exchange and Tokyo Stock Exchange combined. It operates as an over-the-counter, decentralized market with trading occurring continuously 24 hours a day, 5 days a week between major banks, central banks, corporations, investment management firms, and retail forex brokers and investors. The three main Forex market centers are London, New York, and Tokyo. Forex trading offers benefits such as leverage of up to 500:1, allowing traders to control large positions with relatively small accounts, ability to profit from both rising and falling markets, and ability to trade from anywhere via internet

    Original Title

    Forex

    Copyright

    © Attribution Non-Commercial (BY-NC)

    Available Formats

    PDF or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    The Forex market is the largest financial market in the world, with an average daily trading volume of $5 trillion, over 5 times larger than the New York Stock Exchange and Tokyo Stock Exchange combined. It operates as an over-the-counter, decentralized market with trading occurring continuously 24 hours a day, 5 days a week between major banks, central banks, corporations, investment management firms, and retail forex brokers and investors. The three main Forex market centers are London, New York, and Tokyo. Forex trading offers benefits such as leverage of up to 500:1, allowing traders to control large positions with relatively small accounts, ability to profit from both rising and falling markets, and ability to trade from anywhere via internet

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF or read online from Scribd
    Download as pdf
    72 views15 pages

    Forex: Foreign Exchange

    Uploaded by

    Leong Weng Phoon
    The Forex market is the largest financial market in the world, with an average daily trading volume of $5 trillion, over 5 times larger than the New York Stock Exchange and Tokyo Stock Exchange combined. It operates as an over-the-counter, decentralized market with trading occurring continuously 24 hours a day, 5 days a week between major banks, central banks, corporations, investment management firms, and retail forex brokers and investors. The three main Forex market centers are London, New York, and Tokyo. Forex trading offers benefits such as leverage of up to 500:1, allowing traders to control large positions with relatively small accounts, ability to profit from both rising and falling markets, and ability to trade from anywhere via internet

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF or read online from Scribd
    Download as pdf
    of 15

    FOREX

    Foreign Exchange

    What is Forex?

    Market Comparison
    Average Daily Trading Volume

    Forex Market New York Stock Exchange Tokyo Stock Exchange London Stock Exchange

    $ 5.0 trillion

    $ 22.4 billion

    $ 18.9 billion

    $ 7.2 billion

    Forex is more than 5 times the total stock market and futures market combined

    Major Trading Currency


    Symbol USD EUR JPY GBP CHF CAD AUD NZD Country United States Euro zone members Japan Great Britain Switzerland Canada Australia New Zealand Currency Dollar Euro Yen Pound Franc Dollar Dollar Dollar

    Currency Distribution

    100%
    84.9%

    80% 60%
    39.1%

    40%
    19.0% 12.9% 25.0% 7.6% 6.4% 5.3%

    20% 0%

    USD

    EUR

    JPY

    GBP

    AUD

    CHF

    CAD

    Others

    Forex Market Hours


    24 hours a day 5.5 days a week
    0600 0700 800 900 1000 1100 1200 1300 1400 1500 1600 1700 1800 1900 2000 2100 2200 2300 0000 0100 0200 0300 0400 0500 0600

    Asia (6:00 am - 7:00 pm) Europe/London (3:00 pm - 12:00 am) US (9:00 pm - 6:00 am)

    Summer (approx. April - October)


    Time Zone Sydney Open Sydney Close Tokyo Open Tokyo Close London Open London Close New York Open New York Close GMT (+8) 5:00 AM 2:00 PM 8:00 AM 5:00 PM 3:00 PM 12:00 AM 8:00 PM 5:00 AM

    Winter (approx. October - April)


    Time Zone Sydney Open Sydney Close Tokyo Open Tokyo Close London Open London Close New York Open New York Close GMT (+8) 6:00 AM 3:00 PM 9:00 AM 6:00 PM 4:00 PM 1:00 AM 9:00 PM 6:00 AM

    Why Forex Trading?

    Leverage
    To trade forex, 100,000 units is required with1 standard lot
    No Leverage

    No Leverage (1:1) 100,000 units - 1 standard lot $100,000 - $10/pip

    $100,000 is required to trade at $10/pip (standard lot)


    With Leverage

    With Leverage

    Leverage (e.g. 100:1) $100,000 100 = $1000 $10/pip 100 = $0.10/pip

    With leverage, a smaller account size is required to trade the same amount of lot

    FXPrimus platform provide max leverage of 500:1 With $1,000 you are able to trade $500,000 deal

    PIP
    Percentage In Point - Smallest unit of measurement to express the change in value between 2 currencies -

    EUR/USD 1.3130 USD/JPY 83.90

    1 pip increase

    EUR/USD 1.3131 USD/JPY 83.91

    1 pip increase

    XAU/USD 1534.50

    1 unit up = 10 pips up

    XAU/USD 1534.60

    Recession Proof Vehicle

    Sell Later

    Sell First

    Buy First

    Buy Later

    Bull Market (Uptrend), you LONG

    Bear Market (Downtrend). you SHORT

    Prot both ways

    Trade From Everywhere

    Laptop

    Smartphone

    Tablet

    With an internet connection you can trade forex on the move

    Forex Trading is Simple


    We offer education & guidance

    Forex Analysis

    Money Management

    MetaTrader 4 Technical Analysis

    Growth Plan Risk : Reward Ratio

    Trading Psychology

    Mirror Trading

    Control Fear & Greed Discipline

    Mirror strategy Automated trading

    You might also like