Forex Essentials
Consider you are planning an international trip and need to exchange your money to a foreign currency. While the transaction seems simple it’s part of a global system of foreign exchange market or the forex exchange market.
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At CryptoNewsZ, our Forex Essentials category offers a go to solution for building the fundamentals of the Forex exchange market. As the largest and most liquid financial market in the world, with a daily trading volume of over $7.5 billion, Forex offers immense opportunity for traders of all time.
Forex trading is the process of buying and selling currencies in the global market. These currencies are traded as a pair like EUR/USD ( Euro and U.S Dollar). The first currency is called base and the second one is called quote currency. These pairs offer a comparison between two currencies, and determine how much of quote currency is required to buy one unit of the base currency.
However, navigating this market requires a strong foundation and that is what this section provides.
Whether you are a beginner interested in the current market or an intermediate trader looking to refine its trading skill, the Forex essential will offer crucial information you need. We break down the foundation concepts like currency pairs, pips, leverage, margin, and lot sizes in an easy to understand language.
You will also learn the difference between minor, major and exotic pairs, along with global influence on exchange rates.
Beyond the basics, our content sequel also offers knowledge into the technical and fundamentals aspects to understand how economic indicators, central bank policy, geopolitical movements and chart patterns affect the currency price.
At CryptoNewsZ we understand the need to apply these theories in the real market, and thus, offer essential trading strategies including scalping, day trading, swing trading, and trend following.
