The foreign exchange market operates globally 24 hours a day from Sunday evening to Friday evening. It has a daily trading volume of $3.98 trillion and involves various participants including governments, central banks, large firms, traders and brokers. The market determines currency values based on factors like employment data, tourism, and gross domestic product. Traders can use leverage of up to 250:1, which allows them to gain or lose large amounts of money depending on market movements. New traders are advised to open a demo account to practice before trading live.

1. Foreign Exchange
Market

2. Ever traveled abroad?!!

3. The history of trading

5. So why do money
have value?!!

6. What is it?
 It is a worldwide currency market.
 It operates 24 hours a day,5 days a week; from 10:15PM on
Sunday until 11:59PM Friday.
 Daily traded volume of $3.98 trillion.

7. Types of markets
 Spot market.
 Futures and Forwards markets.

8. Market participants

9. Governments

10. Central banks

11. Big firms

12. Traders

13. Types of pairs

14. How to read an quote
 Ask price.
 Bid price.
 Spread.
 Pip or point.

15. What affects the market?

16. Employment data

17. Tourism

18. Gross domestic
product

20. Leverage

21. Leverage
 Leverage can be as much as 250:1.
 It can be a source of a huge profit or loss.
 You can’t be a Forex trader without using leverage.

22. Short selling
 The market is moving upwards.
I AM MAKING MONEY
 The market is falling.
I AM MAKING MONEY

23. Getting started
Take care when choosing a broker
 Quality Institution
 Low Spreads
 Extensive Tools and Research
 Wide Range of Leverage Options
Open a demo account and start trading.

24. Let’s Recap