The Economic And Economic Analysis Of The Forex Trading Market

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Forex is an abbreviated name for foreign exchange. The Forex trading market is an around-the-clock cash market where the currencies of nations are bought and sold, typically via brokers. For example, you buy Euros, paying with U.S. Dollars, or you sell Canadian Dollars for Japanese Yen. Forex trading market conditions can change at any moment in response to real-time events, such as political unrest or the rate of inflation. The purpose of this article is to give you an introduction to Forex trading. Here are some of the unique features of Forex trading that attract private investors just like you: Accessibility: The Forex trading market is open 24 hours a day, 6 days a week. You have non-stop online access to global Forex dealers through your …show more content…

The three major Forex trading countries are the United Kingdom (32.4%), the United States (18.2%), and Japan (7.6%). Forex traders generally plan their trading strategies around two types of Forex analysis: fundamental and technical. A fundamental analysis uses economic and political factors, such as unemployment rates, interest rates, or inflation, as a means of predicting currency movements. Fundamental analysis is concerned with the reasons or causes for currency movements. A technical analysis uses historical data as a means of predicting currency movements. The technical analyst believes that history repeats itself over and over again. Technical analysis is not concerned with the reasons for currency movements (for example, interest rates or inflation). Instead, it believes that historical currency movements are a clear indication of future ones. Some Forex traders depend on fundamental analysis while others depend on technical analysis. However, many successful Forex traders use a combination of both strategies. However, the important point to remember here is that no one strategy or combination of strategies is 100%

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