Содержание
- 2. Necessary For a Forex Trader The Four M Man (You) Material (Money for Capital) Machine (PC,
- 3. WHAT IS FOREX? The Foreign Exchange market (also referred to as the Forex or FX market)
- 4. WHAT IS FOREX? Unlike other financial markets that operate at a centralized location (i.e., the stock
- 5. FOREX Trading Advantage A 24-hour market High Liquidity Low Transaction Cost Uncorrelated to the Stock Market
- 6. Major Dealer Centers The major dealer centers and time zones are that of Sydney, Tokyo, London,
- 7. Business Hours of Financial Centers:
- 8. Forex, unlike other financial markets, is not tied to an actual stock exchange. Forex is an
- 9. Background Traditionally, Forex has been dominated by inter-world investment and commercial banks, money portfolio managers, money
- 10. HOW THE CURRENCY VALUE IS DETERMINED? The exchange rate is determined through the interaction of market
- 11. Factors Affecting Supply and Demand Two primary factors that affect supply and demand are interest rates
- 12. Operation The 8 Major Currencies: 1. U.S. Dollar ($), 2. European Currency Unit (€), 3. Japanese
- 13. Example of Listed Currency Pairs The FOUR majors EUR/USD USD/JPY USD/CHF GBP/USD Other majors AUD/USD USD/CAD
- 14. How a Currency Trade Works? Reading a currency quote : GBP/USD ; USD/CHF ; EUR/USD -
- 15. FOREX Market Participants Central Banks They play an important role by keeping inflation low and steady
- 16. FOREX Market Participants Banks Interbank market provides commercial turnover and huge amounts of speculative trading on
- 17. FOREX Market Participants Interbank Brokers - Before large FOREX broker facilitate interbank trading and matching for
- 18. FOREX Market Participants Investors and Speculators It’s estimated that the largest portion of the FOREX daily
- 19. FOREX Market Participants Hedge Funds Managers This is a manage Investment where the fund manager is
- 20. THE TRADE Buy Sell Traders generate profits, or losses, by speculating whether a currency will rise
- 21. TWO (2) ASPECTS OF TRADING Fundamental analysis Focuses on what ought to happen in a market
- 22. Fundamental Analysis Thorough analysis of economic and political data with the goal of determining future movements
- 23. The Importance of Fundamental Analysis A nation's political condition, along with its inflation and interest rates,
- 24. Technical Analysis Traders use these technical factors to identify buying and selling opportunities. Over long historical
- 25. How Trading Works So how does the actual trading work? A complete transaction is the buying
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