ORIGIN & CONCEPT OF FOREX

 EPISODE 1

FOREX TRADING CONCEPT:-

ORIGIN & CONCEPT OF FOREX:

The history of the forex market began during the middle age. Where currency was traded through the overseas country.

   In fact when you deal with the exchange of the currency from a native country to another country. Forex market is the giant finance exchange in its world.

  When we look at both of the things we had done every time is quite high.

  But compared to learning the basics concept of forex and the tactics happening in the global market.

Looks good to know more, Right!

FOREX TRADING:

   

  People whoever dealing with forex will say that the forex is like gambling or illegal or scam.

  

If it true! Then I'm sure they had done and tried a lot and got failed.

 

 The success will knock you in silence, and failure will slap you in front of everyone. Nobody is here to help you this life is in your hand.    

  

So, try to do the thing which you mostly liked it's not all about the success or failure your overcoming.

   If you got the success in the first step you can't able to learn the most.

  The more you fail the more you earn. If the failure is slapped you in public. Just take it as experience.

GETTING INTO FOREX:

  Forex trading is not like a good to import/export to an overseas country. The important facts to get into forex is what we deal with currency.

  If you got the technique & tactics of concept happening in the forex then that might take you towards your success.

 WHAT WE TRADE?

    Sitting in front of the computer checking it with some global market website or thinking with the guessing of the price is not going to take you towards success. All you need to learn and do more practise before getting into the main account. And thinking out by guessing Whether the price will strike the value of what we are assuming in it.

  

If you follow these then I'm sure of it you won't be learned anything from forex.

 

Start from the beginning of the forex network. To aim high.

getting into trade !

some example,

 when you dealing with the currency pair GBP/USD is like buying out the Great British pound (GBP) and selling it American dollar (USD)

GBP/USD 

GBP <-- Buying price 

USD <-- Selling price 

HOW MANY CURRENCY ARE AVAILABLE IN FOREX?

USD/CAD        EUR/JPY

EUR/USD        EUR/CHF

USD/CHF        EUR/GBP

GBP/USD        AUD/CAD

NZD/USD        GBP/CHF

AUD/USD        GBP/JPY

USD/JPY         CHF/JPY

EUR/CAD       AUD/JPY

EUR/AUD       AUD/NZD

HOW SYMBOL OF CURRENCY CLASSIFIED:-

 FOR EXAMPLE:-

GBP

First two letter (GB) represent the country & the third letter (P) represents the name of the currency.