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.
Currency pair in forex, is refer to a pair of currencies that put together, comparing in value, and make a foreign exchange rate. Currency pairs show as two abbreviation of currency names with a slash between. For example EUR/USD (Euro/U.S. Dollar).

Author Topic: Forex Trader's toolkit Part 2  (Read 3337 times)

Newswire

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on: August 14, 2018, 12:02:40 PM
Forex Trader's toolkit Part 2

For watching this video you should have at least one trading account. If you are not. Get a trading account for free here!

Forex Webinar on 01/08/2016 by Stanislav Bernuhov, EXNESS. Learn more about useful services and tools for trader. Most of them are free, but you might haven't heard about them. In the second part of our review dedicated to useful trader's tools, we will talk about services for seasonal analysis. You will know more about this type of analysis, watch examples of practical application in trading and discover sources for free seasonal research.




Eriikk

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Reply #1 on: August 25, 2018, 02:27:13 PM
Thank you



Rejoll

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Reply #2 on: September 25, 2018, 06:01:38 PM
A Forex analysis is used by many forex day traders to determine should one buy or sell the currency pairs. Forex analysis could be technical in basis, using resources such as charting tools or be fundamental in basis, using economic indicator and situation based events.



Junkian21

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Reply #3 on: May 12, 2019, 01:19:26 AM
Thank you



Goler

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Reply #4 on: December 02, 2019, 02:39:52 AM
This is great



fu

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Reply #5 on: March 25, 2020, 02:03:20 AM
I like this one.



forexgod

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Reply #6 on: April 24, 2020, 03:06:50 AM
Covid Smashes Record Lowest Manufacturing PMI - Eurozone And Forex trading is interesting

IHS Markits, a financial information services company, revealed that the Purchasing Managers' Index (PMI) includes the Eurozone manufacturing and services prerequisites. Dropped to 13.5 in April, a record low from 29.7 in March, making Forex trading very easy. Forex Trader's toolkit. Learn to start playing Forex. We study Forex easily.

The PMI remained below 50, indicating that The eurozone business sector is still contracting. By being pressured by business activities interrupted While governments in various countries have implemented lockdown measures to prevent the outbreak of the Covid-19 virus. Which affects employment And new orders Including the confidence of the business sector Forex trading is good, rich, lucky.

For the initial manufacturing PMI index Dropped to 18.4 in April, a record low from 38.5 in March. Play stocks and trade using Forex techniques. Trade forex with mobile phones

Preliminary PMI for the service sector Falling to 11.7 in April, which was the lowest level from 26.4 in March. Forex Trader's toolkit. To start playing forex can be done.



simon

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Reply #7 on: April 29, 2020, 06:30:59 AM
What is foreign exchange trading?

Foreign exchange trading is buying another currency while selling another currency.

What is foreign exchange trading?

The foreign exchange market is one of the most widely traded markets in the world, with an average daily transaction volume of more than 5 trillion dollars. It is one of the largest and most liquid financial markets in the world, and different currencies are continuously exchanged when individuals, companies and organizations carry out global business. There is no centralized location or exchange in the foreign exchange market, so from Sunday evening to Friday evening, you can trade 24 hours a day.

Forex trading allows you to take full advantage of the exchange rate fluctuations of a large number of foreign currency pairs. Forex is usually traded in pairs-for example GBP / USD. You speculate that the currency price of a country will rise or fall relative to the currency price of another country, thus opening positions accordingly.

Base currency and relative currency

Taking the pound / dollar currency pair as an example, the first currency, pound sterling, is called "base currency"; the second currency, dollar, is called "relative currency".

How to operate foreign exchange transactions?

When trading foreign exchange, you usually guess whether the price of the base currency pair will rise or fall relative to the currency. So, in the currency pair GBP / USD, if you think the GBP will rise against the USD, then go long (buy) the currency pair. Conversely, if you think the pound will fall against the dollar (or the dollar will rise against the pound), then short (sell) the currency pair.

If you are right (that is, if you go long for GBP / USD, the value of GBP to USD rises), you will be profitable. But if the transaction is against you, you will lose money.

You can use leverage for foreign exchange transactions, it will increase your potential gains, but it will also expand your potential losses.



TFtradeForex

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Reply #8 on: May 03, 2020, 10:25:57 AM
Forex (forex) stands for Foreign Exchange Market, which is the foreign currency market. Which is the largest market in the world. Buying and selling of foreign exchange will be done by financial transactions through the interbank network. Can be done only by the big banks of each country Later, in the late 20th century, in the year 1990, the currency was traded electronically. Through a brokerage company that has an online trading platform And in real time Therefore, investors can directly access the world-class investment market, but trading orders are still done through brokers. Such as placing purchase-sales orders Through the mobile message system to the employees of the brokerage company Then the employee then takes the order - sell Such information is entered into the company system. The system of the company has a direct connection to the center of the stock exchange. Later, 1994, the Internet began to be used widely. There is communication and communication all over the world. More convenient and faster The company of the broker Therefore changed the service in a new way By using the internet network system Open as a service website In which customers can place orders to buy-sell directly via the website that is currently online. Since then Therefore making investment in foreign exchange trading Given the increasing popularity, trading patterns have been developed on the platforms provided by brokers to facilitate speculators.



 

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