Forex Trading Course And Certification

What Is Forex Trading? 

Forex Trading also referred to as Foreign Exchange, FX or Currency Trading, is a decentralized global or Over-The-Counter market where people trade all the world Currencies. The Forex market is the biggest, most liquid market in the world that has an average daily trading volume which exceeds 5 trillion dollars. Currencies are important to most people around the world, whether they agree to it or not because currencies are needed to be exchanged in order to conduct foreign trade and business.

Forex is a major part of Foreign Currency and Exchange. Foreign Exchange is the process of changing one currency into another currency for a number of reasons, the most popular are for commerce, trading, or tourism.

The main contributors in this market are the much bigger international banks. Financial centers around the world act as anchors of trading between a very broad range of different types of buyers and sellers all day, with the exception of weekends. Since currencies are always traded in pairs, the Foreign Exchange market does not set a Currency's fixed value, they instead determine its relative value by setting the market price of one currency if paid for with another.

One unique area of this international market is that there is no central marketplace for foreign exchange. Instead, currency trading is conducted digitally, that is to say, all transactions occur through Computer Networks between traders who are in the world, instead of having one centralized exchange.

Features And Advantages of Forex Trading

There is now a huge retail interest in Forex Trading and some of the key reasons are explained below:

1. Round the Clock Trading: The Forex market never sleeps. It is always open all round the clock, except for the weekend and Bank holidays. This means that people can trade the market at any time that suits them, even after their regular job.

2. No Risks of Manipulation: No manipulation. The Forex market is so huge, large and liquid that you need have no fears about market twists or manipulation because it is decentralized. The volumes for trading are simply so huge that there is no trading body that is big enough to manipulate the prices in their favor. There is an exception of the central bank at certain times. For all extents and purposes, it’s as close as you can get to a perfect market. In localized markets, some local large brokers can easily change the pricing by buying or selling large volumes. Foreign Exchange market which is a huge global market, stops those possibilities until or unless some very large entities like the Central Bank of a large economy interfere to keep the nation's interest in check because of the huge upside or downside or the Currency valuation. Any huge increase or decrease in the currency valuation affects the exports and import pricing respectively.

3. Anybody can trade: There are different types of trading accounts available that are fit for everybody. You don’t need to be very rich, or even rich to trade Forex. Accounts range from standard to mini or micro accounts that are easy on the pocket.

 4. A highly liquid market: The FX market has so many participants and trades such high volumes that you are always assured of your order getting filled.

5. Wide range of platforms: Most brokers have various platforms so you could easily pick one that suits you, use a PC or laptop, an iPad or even your mobile phone!

6. You are the Boss to Decide How Much You wish to Invest: Suit your trade position size. Unlike other markets where you can only trade in pre-determined volumes, you can practically customize your trading unit in the Forex market. Even when markets like stock markets do not have the constraints of lot sizes, even the price of one stock may be higher than what you wish to invest. In Forex markets you can trade with even 1 dollar.

7. Low Trading Costs: Most times you would only have to pay the bid-ask spread, which, nowadays is pretty competitive. No other fees apply, for example, commissions for brokerage, exchange and government fees, etc.

Leverage Options: It is common in the Forex market for brokers to offer you leveraged trading, which means you only have to put up a small percentage of the value of your trade as a margin. This implies that with careful trading you might be able to make some very nice profits on low investment capital.

9. Freebies: Joining bonuses, demo accounts, specialized charting packages, great research, real-time news flow are some of the free stuff you get in the Forex market.


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