Q&A

What is forex and how does it work?

by Author

What is forex and how does it work?

Forex is short for Foreign Exchange. If you’ve exchanged your local money for another country’s money in a forex bureau, then you participated in foreign currency exchange. 2. What is forex trading?

Is forex trading legal in all countries?

Yes, forex trading is legal in most countries. Some countries, however, have restrictions while others have banned forex trading. Countries, where it is illegal to trade forex, include: Israel, Belgium, North Korea, France, Bosnia Herzegovina, Malaysia and all countries with strict Sharia laws like Pakistan 8. Is forex trading worth it?

How many forex trading days in a year?

How many forex trading days in a year? There are 250-253 trading days in a year, depending on whether it is a leap year or not. 21. How many forex trading days in a month?

Is forex trading gambling?

But first, a word of caution. Forex trading easily passes as an easy way to make money. It is not. If you do not invest time in learning the craft of trading, you will be a statistic of the losing traders. And then, you will join in the chorus that forex is gambling -it is a scam.

READ:   What are some reasons students should not wear uniforms?

1. Forex is the largest financial market in the world. The Forex market has daily volume of over $3 trillion per day, dwarfing volume in the equity and future markets combined. Such a huge amount of daily volume allows for excellent price stability in most market conditions.

How big is the forex market?

The Forex market has daily volume of over $3 trillion per day, dwarfing volume in the equity and future markets combined.

How do I follow different currency pairs in forex?

1) Click on “view” at the very top of your screen. 3) You should see a screen appear with some or all of the currency pairs available, and probably gold and silver. 4) Now, right click anywhere in the “market watch” window, you should see a menu appear with various options. 5) This is where you can pick and choose which currency pairs you follow.

Should I trade EURUSD or GBPUSD at the moment?

For example, if you enter a long on the EURUSD and the GBPUSD, you are basically doubling your risk, and there is really no point in trading both at the same time, you might as well trade one or the other, if there is a similar price action setup on both, pick the pair that the setup looks more defined on.

READ:   How do you tell if a guy has a crush on you at work?

https://www.youtube.com/watch?v=wbEA9OSxEuk