https://www.fiverr.com/mastermentor/teach-you-forex-trading-in-1-hour
Simple and Easy way to learn Forex from a Pro Trader. Follow this guide and learn how to trade forex in an easy and fast manner. Becoming a succesful trader is just minutes away!
Learn step by step easy to follow video course below:
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FREE FOREX Trading System training from Novice to Professional.
Learn making Money through Forex Trading.
Send invite to your friends and colleagues through this event portfolio
Feel FREE to SHARE this post SHARE/Tag your friends.
Do you want to learn the secret...
..How to...
predict currency rates like the Pros do?
>>> visit www.forexhero.eu and get the most popular forex learning app FOR FREE!
The updated version of the highly popular "Forex basics & secrets in 15 minutes". This is the most effective and fun way to learn how to trade forex.
You will learn:
- What are the best times for forex trading
- What influences the exchange rates
- Tips from pros
- **NEW** Most effective technical strategies
- How leverage works
- ....and much more.
Introducing Forex Foundry - Master the Forex Secrets of the Top Traders and Create Massive Wealth for Yourself. Inside this eBook, you will discover the topics about what is forex, about the New York Stock Exchange, what is traded, what are forex pairs, about the market size and liquidity, what is a spot market, what is futures trading, what are options trading, what are exchange-traded funds and the dangers of trading if you don't know how.
The aim of this presentation is to help build a better understanding of Forex trading and guide you through the necessary steps needed to become a responsible and successful trader in the foreign exchange market.
https://www.fiverr.com/mastermentor/teach-you-forex-trading-in-1-hour
Simple and Easy way to learn Forex from a Pro Trader. Follow this guide and learn how to trade forex in an easy and fast manner. Becoming a succesful trader is just minutes away!
Learn step by step easy to follow video course below:
https://www.fiverr.com/mastermentor/teach-you-forex-trading-in-1-hour
FREE FOREX Trading System training from Novice to Professional.
Learn making Money through Forex Trading.
Send invite to your friends and colleagues through this event portfolio
Feel FREE to SHARE this post SHARE/Tag your friends.
Do you want to learn the secret...
..How to...
predict currency rates like the Pros do?
>>> visit www.forexhero.eu and get the most popular forex learning app FOR FREE!
The updated version of the highly popular "Forex basics & secrets in 15 minutes". This is the most effective and fun way to learn how to trade forex.
You will learn:
- What are the best times for forex trading
- What influences the exchange rates
- Tips from pros
- **NEW** Most effective technical strategies
- How leverage works
- ....and much more.
Introducing Forex Foundry - Master the Forex Secrets of the Top Traders and Create Massive Wealth for Yourself. Inside this eBook, you will discover the topics about what is forex, about the New York Stock Exchange, what is traded, what are forex pairs, about the market size and liquidity, what is a spot market, what is futures trading, what are options trading, what are exchange-traded funds and the dangers of trading if you don't know how.
The aim of this presentation is to help build a better understanding of Forex trading and guide you through the necessary steps needed to become a responsible and successful trader in the foreign exchange market.
About forex trade – an introduction to forex marketoly1
Introduction about forex trade is about the bird’s view of forex market that is traded internationally. The huge forex market trading volume has grown exponentially over time since it is first established in the early 1970’s. Join the market and be one of the forex traders now.
Everything is relative in the forex market. The euro, by itself, is neither strong nor weak. The same holds true for the U.S. dollar. By itself, it is neither strong nor weak. Only when you compare two currencies together can you determine how strong or weak each currency is in relation to the other currency.
This Forex trading guide is for both beginners and advanced traders. You will find here proven trading strategies, very practical money and risk management method, optimal and high performance trading, best advice about trading psychology and all tips you need to be happy winner in your trades.
FOREX - FUNDAMENTALS MAKE CURRENCY PAIRS MOVE (1.3)Trading Floor
The key to making money in the Forex is understanding what makes currency pairs move. Ultimately, it is investors who make currency pairs move as they buy and sell different currencies, but these investors buy and sell for a reason. Either they see something happening fundamentally in the global economy that makes them believe a currency is going to get stronger or they see something happening fundamentally that makes them believe a currency is going to get weaker. In other words, they watch the fundamentals and make their decisions according to what they see
Do you want to learn the secret...
..How to...
predict currency rates like the Pros do?
>>> visit www.forexhero.eu and get the most popular forex learning app FOR FREE!
The most popular and appreciated materials for beginners interested in forex trading. This illustrated e-book is a refreshing breath of air in a category dominated by boring, bland & complicated textual books. This e-book will teach you the fundaments of currency trade as well as provide you with some great strategies, insights and trading examples from the pros. There is no other e-book around like this one for forex dummies!
This simple presention is shared with NO sales agenda. It is written and shared to help you learn whether or not you have an interest in the foreign currency market.
About forex trade – an introduction to forex marketoly1
Introduction about forex trade is about the bird’s view of forex market that is traded internationally. The huge forex market trading volume has grown exponentially over time since it is first established in the early 1970’s. Join the market and be one of the forex traders now.
Everything is relative in the forex market. The euro, by itself, is neither strong nor weak. The same holds true for the U.S. dollar. By itself, it is neither strong nor weak. Only when you compare two currencies together can you determine how strong or weak each currency is in relation to the other currency.
This Forex trading guide is for both beginners and advanced traders. You will find here proven trading strategies, very practical money and risk management method, optimal and high performance trading, best advice about trading psychology and all tips you need to be happy winner in your trades.
FOREX - FUNDAMENTALS MAKE CURRENCY PAIRS MOVE (1.3)Trading Floor
The key to making money in the Forex is understanding what makes currency pairs move. Ultimately, it is investors who make currency pairs move as they buy and sell different currencies, but these investors buy and sell for a reason. Either they see something happening fundamentally in the global economy that makes them believe a currency is going to get stronger or they see something happening fundamentally that makes them believe a currency is going to get weaker. In other words, they watch the fundamentals and make their decisions according to what they see
Do you want to learn the secret...
..How to...
predict currency rates like the Pros do?
>>> visit www.forexhero.eu and get the most popular forex learning app FOR FREE!
The most popular and appreciated materials for beginners interested in forex trading. This illustrated e-book is a refreshing breath of air in a category dominated by boring, bland & complicated textual books. This e-book will teach you the fundaments of currency trade as well as provide you with some great strategies, insights and trading examples from the pros. There is no other e-book around like this one for forex dummies!
This simple presention is shared with NO sales agenda. It is written and shared to help you learn whether or not you have an interest in the foreign currency market.
: Enhancing Forex Trading Expertise with Baron Learning Pvt Ltdniteshbaronlearning
Baron Learning Pvt Ltd provides a comprehensive suite of educational services tailored to forex traders at all levels. Our programs are designed to help traders understand the fundamentals of forex trading, including market analysis, forex economics, risk management, and trading strategies.
Before diving into forex trading, educate yourself about the market, trading strategies, and risk management techniques. There are numerous online resources, courses, and books available for beginner traders.Selecting the right forex broker is crucial for your trading success. Look for a broker that is regulated, offers competitive spreads, provides a user-friendly trading platform, and offers educational resources and customer support.https://learningbaron.com
Before diving into forex trading, educate yourself about the market, trading strategies, and risk management techniques. There are numerous online resources, courses, and books available for beginner traders.Selecting the right forex broker is crucial for your trading success. Look for a broker that is regulated, offers competitive spreads, provides a user-friendly trading platform, and offers educational resources and customer support
Before diving into forex trading, educate yourself about the market, trading strategies, and risk management techniques. There are numerous online resources, courses, and books available for beginner tradersChoose a Reliable Broker: Selecting the right forex broker is crucial for your trading success. Look for a broker that is regulated, offers competitive spreads, provides a user-friendly trading platform, and offers educational resources and customer support.
Before diving into forex trading, educate yourself about the market, trading strategies, and risk management techniques. There are numerous online resources, courses, and books available for beginner tradersChoose a Reliable Broker: Selecting the right forex broker is crucial for your trading success. Look for a broker that is regulated, offers competitive spreads, provides a user-friendly trading platform, and offers educational resources and customer support.
Forex trading, also known as foreign exchange trading or currency trading, is the act of buying and selling currencies on the foreign exchange market with the aim of making a profit. It's one of the largest financial markets in the world, operating 24 hours a day, five days a week, across major financial centers across the globe.
Discover the potential of forex trading with our educational resources, including webinars, tutorials, and articles that cover everything from the fundamentals of forex markets to complex trading techniques.
Before diving into forex trading, educate yourself about the market, baron learning pvt ltd trading strategies, and risk management techniques. There are numerous online resources, courses, and books available for beginner tradersChoose a Reliable Broker: Selecting the right forex broker is crucial for your trading success. Look for a broker that is regulated, offers competitive spreads, provides a user-friendly trading platform, and offers educational resources and customer support.
Discover the potential of forex trading with our educational resources, including webinars, tutorials, and articles that cover everything from the fundamentals of forex markets to complex trading techniques.
Forex trading basics.Technical analysis for forex trading.niteshbaronlearning
Before diving into forex trading, educate yourself about the market, trading strategies, and risk management techniques. There are numerous online resources, courses, and books available for beginner traders.Selecting the right forex broker is crucial for your trading success. Look for a broker that is regulated, offers competitive spreads, provides a user-friendly trading platform, and offers educational resources and customer suppor
Forex trading, short for foreign exchange trading, is the activity of buying and selling currencies on the financial market. This form of trading involves pairs of currencies, where one currency is exchanged for another at an agreed-upon price. As one of the largest financial markets in the world, the forex market offers vast opportunities for investors to profit by leveraging fluctuations in currency values.
Forex Fundamentals: Understanding Global Currency Dynamicsniteshbaronlearning
Discover the world of Forex trading with our comprehensive platform, designed to empower both novice and experienced traders alike. Dive into the vast currency exchange market, the largest financial market globally
Forex trading, also known as foreign exchange trading or currency trading, is the act of buying and selling currency pairs in order to profit from changes in their exchange rates. The Forex market is the largest financial market in the world, with a daily trading volume exceeding $6 trillion as of 2021. This market operates 24 hours a day, five days a week, and is accessible globally, making it extremely dynamic and fluid.
The Essentials of Forex Trading: An Introduction to Currency Marketsniteshbaronlearning
Discover the world of Forex trading with our comprehensive platform, designed to empower both novice and experienced traders alike. Dive into the vast currency exchange market, the largest financial market globally
The Essentials of Forex Trading: An Introduction to Currency Marketsniteshbaronlearning
Discover the world of Forex trading with our comprehensive platform, designed to empower both novice and experienced traders alike. Dive into the vast currency exchange market, the largest financial market globally. Forex trading, also known as foreign exchange trading or currency trading, involves the buying and selling of currencies on the global financial market. It's the largest financial market in the world, with trillions of dollars traded daily. Forex markets are unique due to their high liquidity, extensive trading hours (24 hours a day except weekends), and the vast array of factors that affect exchange rates.
Forex trading courses. Understanding the Basics and Getting Startedniteshbaronlearning
Before diving into forex trading, educate yourself about the market, trading strategies, and risk management techniques. There are numerous online resources, courses, and books available for beginner tradersChoose a Reliable Broker: Selecting the right forex broker is crucial for your trading success. Look for a broker that is regulated, offers competitive spreads, provides a user-friendly trading platform, and offers educational resources and customer support.
Thought leadership interactive PDF for Croner Solutions that captures the thoughts of experts on key developments in HR, employment and health & safety. It looked look back on past and also future trends to deliver valuable insight.
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Improving profitability for small businessBen Wann
In this comprehensive presentation, we will explore strategies and practical tips for enhancing profitability in small businesses. Tailored to meet the unique challenges faced by small enterprises, this session covers various aspects that directly impact the bottom line. Attendees will learn how to optimize operational efficiency, manage expenses, and increase revenue through innovative marketing and customer engagement techniques.
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A Memorandum of Association (MOA) is a legal document that outlines the fundamental principles and objectives upon which a company operates. It serves as the company's charter or constitution and defines the scope of its activities. Here's a detailed note on the MOA:
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Capital Clause: This clause specifies the authorized capital of the company, i.e., the maximum amount of share capital the company is authorized to issue. It also mentions the division of this capital into shares and their respective nominal value.
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Legal Requirement: The MOA is a legal requirement for the formation of a company. It must be filed with the Registrar of Companies during the incorporation process.
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While the MOA lays down the company's fundamental principles, it is not entirely immutable. It can be amended, but only under specific circumstances and in compliance with legal procedures. Amendments typically require shareholder
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Cracking the Workplace Discipline Code Main.pptxWorkforce Group
Cultivating and maintaining discipline within teams is a critical differentiator for successful organisations.
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Remote sensing and monitoring are changing the mining industry for the better. These are providing innovative solutions to long-standing challenges. Those related to exploration, extraction, and overall environmental management by mining technology companies Odisha. These technologies make use of satellite imaging, aerial photography and sensors to collect data that might be inaccessible or from hazardous locations. With the use of this technology, mining operations are becoming increasingly efficient. Let us gain more insight into the key aspects associated with remote sensing and monitoring when it comes to mining.
Enterprise Excellence is Inclusive Excellence.pdfKaiNexus
Enterprise excellence and inclusive excellence are closely linked, and real-world challenges have shown that both are essential to the success of any organization. To achieve enterprise excellence, organizations must focus on improving their operations and processes while creating an inclusive environment that engages everyone. In this interactive session, the facilitator will highlight commonly established business practices and how they limit our ability to engage everyone every day. More importantly, though, participants will likely gain increased awareness of what we can do differently to maximize enterprise excellence through deliberate inclusion.
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India Orthopedic Devices Market: Unlocking Growth Secrets, Trends and Develop...
Hantec why trade forex v10 -
1. Ready, Steady, Forex
The key features every
FX trader needs to know
Trust Through Transparency
What is Forex
trading?
The Basics of
Forex Quotes
Majors, Crosses
and Exotics
Foundation
Concepts
Forex
Speculation:
Bulls vs BearsThe Benefits
of Forex
Trading
2. What is Forex trading?
Foreign exchange trading, often
referred to as Forex or FX trading,
is used to describe the exchange of
different currencies between one
party and another. The most well-
known form of FX transaction is
when you visit an exchange bureau
to transfer your domestic money
into foreign currency.
The size of the global
FX market is huge!
FOREX FACT:
Estimates suggest that the overall
size of the average daily trading
volume in the forex market can
range between $3.0 trillion to
$5.0 trillion
The retail trading size
is somewhere between
$1.0trillion and
$1.5 trillion
In case you were wondering,
that is as much as
$5,000,000,000,000
In doing so, you have
indirectly taken part in
a forex transaction.
3. While your intentions of buying the foreign currency might have been to allow you to sample
the local sushi in Tokyo, you have inadvertently weakened your native currency by increasing its
supply in the market, albeit by an insignificant amount.
Besides providing a service for
your holiday fund, currency
exchanges are required to
help keep the global economy
turning. As business becomes
increasingly globalised, the need
to transact with organisations
across the world means a
growing reliance on the forex
markets.
For instance, if a car
manufacturer based in the
United States outsources some
of its parts production to
China, it will need to convert
its dollars into renminbi to pay
the supplier. Having built the
car using parts from around the
globe, the manufacturer then
sells the finished car in mainland
Europe, where it earns euros for
the transaction.
It will then need to convert
its revenue in euros back into
dollars.
All these organisations
make thousands of currency
conversions every day.
However, it might surprise
you to hear that conversion
transactions only make up
5% of the forex market. So,
what makes up the other
95%?
Speculators
dominate
FOREX FACT:
Speculators
are estimated
to account
for more
than 90%
of forex
transactions
The answer is,
Forex trading.
90%
The major participants
in foreign exchange
FOREX FACT:
The FX market is an over-the-counter globally decentralised, self-regulated market formed by
international participants. These participants can be recognised in two distinct groups:
• Central banks (ECB and the Fed for example)
regulate money supply and control FX reserves
• Commercial banks conduct the bulk of daily
volume and provide liquidity to the markets
• Other Financial institutions namely investment
funds and money managers
• Hedge funds are a major contributor to the
dynamism of FX market by acting as speculators
using leverage
• Brokers act as intermediaries between
participants
• Investors trading their own capital to speculate
on developments in the markets
The Interbank market The Retail market
4. The basics of forex quotes
In some respects, the end goal in forex
is the same as for stocks. Buy low and
sell high. However, when investing
in stocks, the price movement is
absolute. In general, the price change
in one stock is independent to that of
another stock.
Currency movements don’t work quite the same way.
A currency’s strength or weakness is determined by its
supply and demand much like a stock. However its value
is not independent. The movement in a currency is a
function of its value relative to other currencies.
Unless compared to another currency, the value of one unit
would be meaningless.
Breaking down
the currency
code, the first
two letters
represent the
country, with
the third letter
representing the
unit of currency.
USD is the
United States Dollar
GBP is
Great Britain Pound
JPY is the
Japanese Yen
HUF is the
Hungarian Forint
Three letter
currency codes
FOREX FACT:
Currencies are always quoted in pairs such as below:
GBP/USD
= $1.6550
EUR/USD
= $1.3552
EUR/GBP
= £0.8188
5. Out of the two currencies the first
one is known as the base currency
while the second currency is known
as the counter currency or the quote
currency.
The base currency is always worth
one unit, so in the examples above
1 pound is worth 1.6542 dollars,
while 1 euro is worth 1.3547 dollars.
This would suggest that the pound
is stronger than the euro and sure
enough, 1 euro would only buy you
81.88 pence.
Generally, you will find that the
stronger currency is the first quoted
in the pair.
You might sometimes hear traders
use the term “cable” when they
are referring to Sterling/Dollar.
The term originates from a time
prior to the age of global satellites
and fibre optic technology, when
the London Stock Exchange and
the New York Stock Exchange were
connected by using a giant steel
cable that spanned the Atlantic.
As a currency is valued by its
relationship with another currency,
when the value of one goes up, the
relative value of the other must go
down. This is where the opportunity
to trade currencies arises.
The aim for a trader is to buy the
currency they think is going to
get relatively stronger and sell the
currency they think is going to get
relatively weaker. It’s your basic
trading mantra, ‘buy low, sell high’.
When entering into a trade,
whether you are buying or selling,
the direction will always relate to
the first currency in the pair, known
as the base currency. You will then
be trading the inverse for the quote
currency.
Trading “Cable”
FOREX FACT:
6. For example, if you buy GBP/USD, you will be buying GBP and selling USD.
In this case your expectation is that GBP will become stronger relative to the USD.
Example on a specific day
Pair Latest Price % Change Net Change (Last Close) Movement
GBP/USD $1.6550 +0.46% +$0.0075 $1.6475
Strong Sterling
or weak Dollar
EUR/USD $1.3552 -0.05% -$0.0007 $1.3559
A very slightly
weaker Euro or
slightly stronger
Dollar
EUR/GBP £0.8188 -0.47% -£0.0039 £0.8227
Euro weakness
or Sterling
strength
USD/JPY 104.33 yen +0.03% +0.03 yen 104.30 yen
Slight Dollar
strength or
a slightly
weaker Yen
The table above shows how currencies move and movement can either be through the strength
of one side of the pair or the weakness of the other side of the pair.
Note that Euro/Dollar is trading only slightly lower, Sterling/Dollar is strongly higher and Euro/
Sterling is strongly lower. This would suggest that today, sterling is by far the strongest of the
three, with the dollar slightly stronger than the euro.
The big boys dominate
FOREX FACT:
Ten financial institutions account for
nearly 73% of the total trading in the
forex market, whether it is trading for
themselves or their clients.
The most active include:
DeutscheBank(17.0%)
UBS(12.5%)
Citigroup(7.5%)
HSBC(6.4%)
Barclays(5.9%)
7. Majors, Crosses and Exotics
There are 8 major economies that the global
forex market is most concerned with. The US dollar is king
FOREX FACT:
They are:
USA
Eurozone
Japan
UK
Switzerland
Canada
Australia
New Zealand
The US Dollar comprises one
side of 84.9% of ALL daily
forex transactions
The Euro is involved in 39.1%,
the Yen in 19.0% and Sterling
in 12.9%
8. Majors
The currencies of the 8 major
economies: US dollar, Euro, Yen,
Sterling, Swiss Franc, Canadian Dollar,
Aussie Dollar and New Zealand Dollar
are also known as the Majors. The
Majors are currency pairs that are
based around the US dollar, paired with
the other major currencies. There are
subsequently 7 major currency pairs.
The most widely traded Major pairs are:
EUR/USD - Euro/Dollar
(accounts for around 27% of
all global forex transactions)
USD/JPY - Dollar/Yen (c. 13%)
GBP/USD - Sterling/Dollar (c. 12%)
AUD/USD - Aussie/Dollar (c. 6%)
USD/CHF - Dollar/Swiss Franc (c. 5%)
USD/CAD - Dollar/Canadian Dollar (c. 4%)
Crosses
(also known as Minors)
These are the forex pairs of the major
economies that do not include the US
dollar. The most popular cross currency
pairs are:
EUR/JPY - Euro/Yen
EUR/GBP - Euro/Sterling
EUR/CHF - Euro/Swiss Franc
GBP/JPY - Sterling/Yen
GBP/CHF - Sterling/Swiss Franc
Exotics
Currency pairs that consist of one of the
major currencies paired with a currency
of one of the emerging or smaller
economies are commonly known as
exotic currency pairs. Countries in
the exotics include: Latin American
countries such as Brazil, Argentina
and Chile; Central Eastern European
countries such as Poland, Hungary and
Turkey; the Scandinavian countries; and
Asian countries such as Hong Kong,
Thailand, India and Singapore; and
South Africa. The more popular exotic
pairs are:
USD/TRY - Dollar/Turkish Lira
EUR/TRY - Euro/Turkish Lira
USD/ZAR - Dollar/South African Rand
USD/MXN - Dollar/Mexican Peso
USD/SGD - Dollar/Singapore Dollar
9. As you now know, you
can buy (also known as
going “long”) or sell (also
known as going “short”)
any currency pair. It is
very common to describe
someone who is speculating
the price will go up as an
fx bull while those who
speculate the price will go
down are called fx bears.
Forex Speculation:
Bulls vs Bears
Debate rages over the origins of the two terms. Ironically,
we can only speculate as to the point of origin for the terms.
Popular folklore suggests that the term
bear originated first. Derived from a
group known as bear skin jobbers back
during the American fur-trading industry,
who would sell their bear skins before
even shooting the unsuspecting bears,
these speculators were coined as ‘bears’.
Speculating share prices would fall, they
would sell shares they didn’t actually own
in order to buy them back at a lower
price later on. Immoral some might say,
but clever nonetheless. As a result, a bear
market has come to mean a market that
is in a downward trend, and a bear to
be someone who believes that prices are
falling, so is inclined to sell.
The term bull is believed to have followed
shortly after, widely thought to be a link
from bull-and-bear baiting. In contrast
with a bear market, a bull market refers
to a market that is in an upward trend. A
bull therefore, is someone who believes
prices are rising and is inclined to buy.
Bulls and bears lock horns and paws
(sincere apologies for the pun) every day.
As we now know when one currency rises,
another must fall. This leads us nicely
onto the benefits of trading forex.
10. A Forex strategy in practise:
After devising your strategy and doing your analysis, a trading opportunity has been identified on USD/
CAD. You speculate that the US dollar will fall against the Canadian dollar, so decide to sell USD and buy
CAD. However, you don’t have any US dollars to sell, so you borrow them from the market. You can borrow
any currency at any time and this gives you the opportunity to trade any instrument available on the Hantec
Markets MT4 platform as long as you have sufficient free margin in your account.
The same CAD$900 when converted back to USD is now worth US$1,058.82. You return the US$1000 you
borrowed leaving you with a $58.82 profit. No need to worry about the calculations and conversions as
they are done automatically by the MT4 platform. It will even convert your profit back into your account
currency if this is different to the currency you earned the profit in. (Furthermore, with the use of leverage
(to be explained later), this small profit could have been significantly higher).
One month later, the exchange rate has fallen to C$0.8500. After you sold, the US dollar has weakened
against the Canadian dollar. You are now sitting on a profit from the trade. You decide to close the trade
by selling your CAD and buying back USD.
C$900 ÷ 0.8500 = US$1,058.82
You borrow US$1000, and then sell them to the market, buying CAD in the process. The exchange rate at
the time for USD/CAD is C$0.9000. You now own C$900 in the hope they will grow in strength against the
US dollar.
11. So we have looked at some of the specifics of forex, but now
it is time to look at some of the benefits of forex trading.
The Benefits of
Forex Trading
Trade in any direction
One of the key advantages of trading in the forex market
as opposed to many other financial markets is the ability
to buy, but more importantly sell. With FX there is no
restriction on going short (selling). This allows you to take
advantage of both bullish and bearish trends.
Round the clock trading
As the sequel to Oliver Stone’s Wall Street suggests, ‘money
never sleeps’ and neither does the FX market. Open 24
hours a day, the forex market truly is global. With the
3 major sessions – Asia, European and North American
– overlapping, the market is open from 22:00GMT on a
Sunday evening through to 22:00GMT on Friday evening.
Asia
Europe
North
America
12. The UK generates just over a
third (34.1%) of global forex
transactions.
With the United States
generating 16.6%, that
means that over half of
global forex transaction
come from just two countries.
There are NO market hours
in foreign exchange.
You can trade foreign
exchange 24 hours a day.
The market is open across
six days in the week - from
Monday morning in Asia
through to Friday evening
in New York.
This means you can trade
whenever suits you,
although it is important to
remember that currencies
will be more liquid when
their domestic markets are
open and also during market
overlaps when more players
are active in the markets.
The UK is the dominant
FX trading centre
FOREX FACT:
Trading is open
24 hours a day
FOREX FACT:
34.1%16.6%6.1%6.0%6.0%4.2%4.1%3.0%2.5%2.2%
13. Trading forex comes with minimal costs which
makes forex as an investment even more accessible.
The MT4 platform does not cost anything to setup
or run, so the main cost of trading is the spread - the
difference between the buy price and the sell price.
You will always be able to see the spread on your
trading system and with no other hidden charges,
the cost of trading is extremely transparent.
To check out Hantec
Markets’ spreads:
Minimal transaction costs
Click here
14. Access to leverage
and unrivalled liquidity
Trading in the most liquid market in the world
is without a doubt a benefit as it makes entering
and exiting trades much easier, especially when it
comes to the major currencies (see earlier) which are
also the most liquid.
As a direct consequence of the vast liquidity, you can
magnify the size of the positions you can hold up to 200:1
using leverage available from Hantec. This means that an
account with just $1,000 can have the buying power of up to
$200,000 in the market.
No conflict of interest
At Hantec Markets, unlike many brokers who operate
a market maker model, there is no conflict of interest
between us and our clients. Hantec Markets is not
licensed to run a dealing desk and as a true No
Dealing Desk (NDD), Straight Through Processing
(STP) broker, your orders are streamed straight
to our liquidity providers via our bridge
software and are executed completely
anonymously in the market. There is no
dealing desk that knows of your ‘stop-
loss’ and ‘take profit’ levels. This
removes dealer intervention and
the risk of price manipulation.
It is important to remember though that leverage
is a double-edged sword. Make sure you read our
guide to the most common mistakes made
by forex traders to learn more.
Hantec Markets’ culture is one of Trust Through
Transparency, and we are committed to building
long standing client relationships.
15. Having now covered the
basics of forex, it is now
time to learn some of the
foundation concepts that
every trader must know
before getting started.
Pips
Price interest point or percentage in point - are the smallest price
change an exchange rate can move. For most pairs (excluding those
that include the Japanese Yen) this is the equivalent to 1/100 of one
per cent, or one basis point.
This is illustrated in the table below.
Foundation concepts
Pair 1 Pip is equal to Price Last close Net Change Number of Pips
GBP/USD 0.0001 $1.6550 $1.6625 +$0.0075 Up 75 pips
EUR/USD 0.0001 $1.3552 $1.3559 -$0.0007 Down 7 pips
EUR/GBP 0.0001 £0.8188 £1.8227 -£0.0039 Down 39 pips
USD/JPY 0.01 104.33 yen 104.30 yen +0.03 yen Up 3 pips
N.B.: Yen pairs are all quoted to 3 decimal places, therefore one pip is represented by the 2nd decimal place. This is due to the relative value of the yen against other currencies
as it has historically been valued in double and triple digits. As movements are much larger, it makes sense not to quote it in too many decimals.
16. Spread
You will notice on the trading platform, that each currency pair appears with two prices that are slightly different
from each other. One is the bid (sell) price, the other is the offer, or ask (buy), price. The difference between the bid
and offer prices is known as the spread. The spread is the cost to you for trading. Hantec Markets is an STP broker
and the spread is our sole source of income.
The price at which you enter the trade will depend on the direction of your trade. If you are buying the pair
(remember this means buying the base and selling the quote currency) you will enter the trade at the offer price.
If you are selling the currency pair, you will enter at the bid price.
You hold US dollars and want to buy $1 which will cost you $1.3636.
However once you have bought your $1, you change your mind and decide
that you want to change it back to dollars again. The price and spread happen
to be exactly the same, but when you sell your $1 you only get back $1.3634.
You have not incurred the cost of any commission fees, but through the
course of the round trade you have lost $0.0002. This 2 pip loss is due to the
spread.
The impact of
the spread
Forex Trading
in practise
17. The bid and offer prices shown on the platform are the best
available prices at any given moment. Due to the underlying
features of the forex markets, the spread is variable, but will
typically remain within a range of a few pips (see below)
The spread is the difference between the rate that you can buy
and the rate you can sell. You buy the asking price and you
sell the bid price. In the previous example for Euro/Dollar the
spread is $1.38044 to $1.38062, which is a 1.8 pip spread.
At Hantec we quote to the 5th decimal place. This last decimal
place is known as a fractional pip (or sometimes known as a
pipette) allowing you to see an even more precise price for the
pair.
Taking the EUR/USD in the example above, you buy at the asking
price of $1.36926. You then sit back and watch the position.
Half an hour later the price of EUR/USD has risen to a bid/ask of
$1.36999/$1.37016.
You decide to take the profit that has built up, so you sell
the position. The price you get is the bid price which is now
$1.36999. You have therefore made a profit of:
$1.36999 - $1.36926 = 7.3 pips
These movements may sound small, and they are, but when you
start using leverage, moves become magnified creating trading
opportunities from the smallest of currency movements.
The fractional pip is shown on the MT4 Platform spread
quote below.
Source: MT4 Hantec Markets platform
18. Calculating the Pip value
You may find that many
explanations to determine
pip values are unnecessarily
complicated. The easiest way
to calculate their value is:
Contract size / Pip size
= Pip value for quote currency
(second currency in the pair)
If this currency differs to your
account’s currency, simply find
the exchange rate between your
account’s currency and the quote
currency of the traded pair.
You open a 1 lot position in USD/CHF and your account is denominated in GBP.
100,000 (1 lot) / 0.0001 = CHF10
As your account is denominated in GBP, find the price for GBP/CHF and convert
the amount.
CHF 10 / 1.4200 (GBP/CHF market rate) = GBP 7.04
So, each pip movement in USD/CHF will equate to £7.04.
Point of note: Remember pips for cross-JPY pairs are quoted to only two
decimal places (0.01 represents 1 pip).
Forex Trading
in practise
19. Lots
A ‘lot’ is a standard unit of measurement in forex trading.
(Generally speaking) 1 lot = 100,000 of the base currency.
A standard contract (one Lot) where USD is the counter currency,
one pip (i.e. 0.0001) will equal to: 100,000 x 0.0001 = $10 per pip
For example, if you open a long position of one lot of EUR/USD for
the ask price of 1.4000, you are purchasing 100,000 Euro while, selling
140,000 USD.
Lots
When trading on your MT4 platform, this will be the standard
contract size you are trading. You can also trade in mini and micro lots.
1 lot = standard lot = 100,000 of currency
0.1 lot = mini lot = 10,000 of currency
0.01 lot = micro lot = 1,000 of currency
20. How much leverage?
How much margin?
Forex Trading
in practise
If the base currency of the currency pair you
want to trade is the same as that of your
account currency, then the required margin is
calculated as follows:
Contract size / Leverage = Amount in base
currency
You have a GBP denominated account and
want to trade 1 lot of GBP/USD with 200:1
leverage your required margin is calculated as
follows:
100,000 / 200 = 500 GBP
You require free margin of £500 in your
account to open that particular position.
However, if the base currency does not equal
your account currency, there is an extra
step you will need to take. You will need to
translate the base currency into your account
currency using the exchange rate for that
currency pair.
Required margin when trading a different base
currency than that of your account currency:
Contract size / Leverage = Amount in base
currency
THEN translate the base currency into your
account currency
You have a GBP denominated account and want
to trade 1 lot of EUR/USD with 100:1 leverage:
100,000 / 100 = 1,000 EUR
Then, convert EUR to GBP using the EURGBP
exchange rate: EUR/GBP @ 0.8400
1,000 EUR x 0.8400 = 840 GBP
You therefore require free margin of £840 in
your account to open that particular position.
This time you require £840 to open a 1 lot
position because the traded currency pair was
worth less.
Learning and understanding the relationship
between these three elements is an integral
part of the knowledge that will form the
foundation of your forex trading.
Leverage
Mentioned earlier, leverage
is expressed as a ratio and
correlates the size of the actual
investment to the amount of
margin required by the broker to
openandmaintaintheposition.
It allows you to open a position
without putting up the full face
value of the transaction.
A leverage of 100:1 (1% margin
requirement) means that in order to open
a position with a face value of $100,000,
you would need only $1000 for margin. If
you increased the leverage to 200:1 (0.5%
margin requirement) you would need
only $500 to open and maintain the same
position.
The leverage you decide to use will
impact the risk you expose yourself to.
The more leverage, the higher the risk.
When opening an account you can choose
the leverage you wish to trade with. You
needn’t worry about having to calculate
the margin required to open positions, the
platform will automatically do this for you.
1 2
21. Your analysis for GBP/USD suggests a bullish outlook on
the pair. You believe that GBP will rise in value against the USD.
Following your strategy, you identify an opportunity to place a trade.
You buy 1 lot of GBP/USD at $1.5350 with 100:1
leverage. To open and maintain the position you need
$1,535 or £1,000 for the margin requirement.
The market moves in your favour and you gain 25 pips.
You decide to close out the position whilst in profit.
Your closing price is $1.5375.
For this particular trade the pip value is:
$0.0001 x $100,000 = $10 per pip
Your profit:
$10 per pip x 25 pips = $250 profit
Let’s have an example that shows how this all fits together.
22. The rollover (also commonly referred to as the swap cost) is the
interest paid or earned for holding a position open overnight.
Duetointerestratedifferentials,thereisachargeformaintaining
open positions between the close of one business day and the
open of the next. Each individual currency will have an interest
rate which will change on a weekly basis. As currencies
come in pairs, each pair will have two interest rates attached.
If the interest rate of the currency you bought outweighs
that of the interest rate of the currency you sold, you will
earn rollover. If the opposite is the case and the interest rate
of the currency that you have bought is less than the interest
rate of the currency you have sold, you will pay a rollover.
This can affect the profit and loss on the trades you make.
Much like the margin amounts,
your MT4 platform will
automatically calculate this for
you, but it is always good to
know the formula:
Rollover value X pip value
X Number of lots X number
of swap days
= Swap amount in quote
Currency of the pair
You would then need to
convert the amount in the base
currency into the currency you
wish to display it in.
Rollover Rates
You can find the current rollover/swap rates on Hantec Markets’ website:
www.hantecfx.com/content/forex-conditions
23. Most banks across the globe are closed on Saturdays and Sundays, so
there is no rollover on the weekend, but most still apply interest for the two days.
To account for this, the forex market accumulates 3 days worth of interest on a
Wednesday. This is because the rollover is always calculated 2 business days in advance.
This is known as “Wednesday Rollover”.This makes a typical Wednesday rollover three
times the amount on Tuesday.
N.B. There is no rollover on public holidays, but an extra day’s worth of rollover usually
occurs 2 business days before the holiday.
Check out our example of rollover in practise.
You buy 1 lot of GBP/USD with an account currency of EUR.
You hold the position overnight and therefore
see the following rollover:
-0.026 x $10(USD) x 1 x 1 = -$0.26
Not only that, the rollover was on a Wednesday evening:
(Remember that on Wednesdays swap days are counted
as 3 rather than 1 to take the weekend into consideration.)
-$0.26 x 3 = -$0.78
We then convert the amount into the currency of choice:
(Assuming the rate of EUR/USD is $ 1.3720)
0.78 / 1.3720 = -€0.57
Wednesday Rollover
Forex Trading
Terms
The Impact of
Rollover
Forex
Example
24. Now Let’s Move Forward
It’s now time to ditch the textbooks and take a hands-on
approach.
If you haven’t already registered for our MetaTrader4 demo,
you can do this by opening a demo account here. Starting
with $10,000 demo funds, you have the opportunity to trade in
a real-time environment and test your trading strategies before
committing real money.
But wait, before you go gallivanting off into the unknown, heed
the obligatory motivational quote and make sure you read our
common mistakes e-book.
We wish you good luck in your trading.
Sign up for a free 30 day demo account here and get started today.
“Experience is the
name everyone gives
to their mistakes”
– Oscar Wilde
25. Risk Warning:
Trading in Foreign Exchange (FX), Bullion and Contracts for Differences (CFDs) is not be suitable for all investors due to the high risk nature of these products. Forex, Bullion
and CFDs are leveraged products that can result in losses greater than your initial deposit. The value of an FX, Bullion or CFD position may be affected by a variety of factors,
including but not limited to, price volatility, market volume, foreign exchange rates and liquidity. You may lose your entire initial stake and you may be required to make
additional payments. Please ensure you fully understand the risks involved, seeking independent advice if necessary prior to entering into such transactions. Before deciding to
enter into FX, Bullion and/or CFD trading, you should carefully consider your investment objectives, level of experience, and risk appetite. You should only invest in FX, Bullion
and/or CFD trading with funds you are prepared to lose entirely. Therefore, only your excess funds should be placed at risk and anyone who does not have such excess funds
should completely refrain from engaging in FX and/or CFD trading. Do not rely on past performance figures. If you are in any doubt, please seek further independent advice.
Hantec Markets is a trading name of Hantec Markets Limited who is authorised regulated by the Financial Conduct Authority (FCA) in the UK - FRN 502635
Trust Through Transparency
Hantec House, 12-14 Wilfred Street, London SW1E 6PL
T: +44 (0) 20 7036 0888
F: +44 (0) 20 7036 0899
E: info@hantecfx.com
W: hantecfx.com