STEP INTO FOREX TRADING
BY-: Pam Sotiropoulos
INDEX •What is exchange market? •What is forex? •How to start forex trading? •Forex charts •Profit and loss •Risks in forex •Forex best currency pairs to trade •Best hours to trade
What is exchange market? Exchange market is a place where people meet to buy and sell shares of company stock. Some stock exchange places are real some are virtual.
What is Forex Trading? Forex trading in simple words to buy and sell in currency all over the world and make profit from it, because currency rate fluctuate everyday.
How to Start Forex Trading? To start Forex trading you need to open a forex brokerage account. The main three step to open account is, Selecting an account type Registration Activating your account
Forex chart Forex chart is a method for traders to predict movements of currency pairs, traders are also using other ways to see the currency pairs movement like news channel, interest rates.
Profit & Loss In Forex To calculate profit & loss in forex trading, traders using following tools-: 1. Financing Calculator 2. Profit Calculator
Forex Internal & External Risk Management
Currency Pairs IN Forex In forex market currency pair is pricing structure of the currencies traded, the value of a currency is a rate and is determined by its comparison to another currency.
Trading Hours In Forex New York opens at 8:00 am to 5:00 pm EST (EDT) Tokyo opens at 7:00 pm to 4:00 am EST (EDT) Sydney opens at 5:00 pm to 2:00 am EST (EDT) London opens at 3:00 am to 12:00 noon EST (EDT)
Pam Sotiropoulos is a forex trading specialist who have 25 years experience in financing & trading, and done masters of business administration from University of Chicago.