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  • What Is Forex

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    Adam Sehram
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    - Forex is the foreign exchange market where currencies are traded. It is the largest financial market in the world, with over $6 trillion traded daily. When traveling abroad, exchanging your home currency for a foreign currency is participating in forex. - The document discusses the basics of forex, including that exchange rates fluctuate constantly so the market is always changing. It also covers major currency pairs, the size and players in the forex market like central banks, and how profits can be made by buying currencies at a low price and selling them at a higher price later. - The rest of the document outlines topics to be covered, including major vs minor currency pairs, market size, profit making,

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    What is Forex

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    - Forex is the foreign exchange market where currencies are traded. It is the largest financial market in the world, with over $6 trillion traded daily. When traveling abroad, exchanging your home currency for a foreign currency is participating in forex. - The document discusses the basics of forex, including that exchange rates fluctuate constantly so the market is always changing. It also covers major currency pairs, the size and players in the forex market like central banks, and how profits can be made by buying currencies at a low price and selling them at a higher price later. - The rest of the document outlines topics to be covered, including major vs minor currency pairs, market size, profit making,

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    7 views13 pages

    What Is Forex

    Uploaded by

    Adam Sehram
    - Forex is the foreign exchange market where currencies are traded. It is the largest financial market in the world, with over $6 trillion traded daily. When traveling abroad, exchanging your home currency for a foreign currency is participating in forex. - The document discusses the basics of forex, including that exchange rates fluctuate constantly so the market is always changing. It also covers major currency pairs, the size and players in the forex market like central banks, and how profits can be made by buying currencies at a low price and selling them at a higher price later. - The rest of the document outlines topics to be covered, including major vs minor currency pairs, market size, profit making,

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    © All Rights Reserved
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    of 13

    WHAT IS FOREX?

    WHAT IS FOREX?

    BRIEF OVERVIEW
    WHAT IS FOREX? BRIEF OVERVIEW

    - Discuss the basics to what the foreign exchange market is

    - Cover the different topics that will be discussed through out


    WHAT IS FOREX?

    ABOUT FOREX
    WHAT IS FOREX? ABOUT FOREX

    - Forex is short for Foreign Exchange

    - It is a global marketplace for exchanging national currencies

    - Largest financial market in the world with 6 trillion dollars being traded
    every day

    - You're essentially participating in the forex market when you go on


    holiday. And you need to exchange your countries currency to the place
    you are visitings local currency.

    For example
    You may be living in the US and visiting Japan.
    You can change your 1 dollar for 130 Japanese Yen as an example

    WHAT IS FOREX? ABOUT FOREX

    - Exchange rates change by the second so the market is constantly in flux

    - Currency traders essentially buy a currency hoping that they will be able
    to sell them at a higher price

    - The forex market is open 24 hours a day, 5 days a week. It is closed on


    the weekends

    WHAT IS FOREX?

    “GETTING STARTED”

    MODULE OVERVIEW

    Here’s what we will be discussing throughout the rest of the


    “Getting Started” Module:

    WHAT IS FOREX? “GETTING STARTED” MODULE

    Major and Minor Pairs

    In this lesson we will be discussing exactly


    what we are trading in Forex
    The difference between Major and Minor Forex
    pairs
    How to read currency Symbols
    WHAT IS FOREX? “GETTING STARTED” MODULE

    The Size of The Forex Market

    In this lesson we will be discussing the major


    players in the industry

    Who are central bank and other multinational


    corporations

    Why we are whats known as “retail traders”


    WHAT IS FOREX? “GETTING STARTED” MODULE

    Making Money Off of Forex

    How its possible to make a profit from Forex

    How to read a Forex quote

    What is Bid, Ask & spread?


    WHAT IS FOREX? “GETTING STARTED” MODULE

    What Is a Pip?

    Understand what a pip is

    How to calculate a pips value

    Being profitable from pips


    WHAT IS FOREX? “GETTING STARTED” MODULE

    Trading Sessions

    What are the different trading sessions

    What times do the sessions take place in

    The importance of these trading sessions


    WHAT IS FOREX? “GETTING STARTED” MODULE

    Using Trading View and opening a trading account

    Walk through of how to use trading view

    Walk through of how to open a trading account

    Walk through of how to use MT4

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