The foreign exchange market (Forex, FX, or currency market) is the biggest global market – at its basic, it is a market for trading currencies.
Forex is known as one of the most amazing investing and trading opportunities and also a very high-risk trading.
If you want to have the ability to tap into this market, we will teach you all about foreign exchange trading.
We will start from the very basic concepts, and step by step we will get to advanced forex trading strategies and sophisticated FX tools.
This course consists of 15 fascinating and easy-to-read lessons
Starting with the building blocks of the forex market and forex trading:
Spot Trading - This trade represents a “direct exchange” between two currencies, and has the shortest time frame
Forward Trading - One way to deal with foreign exchange risk is to engage in a forward transaction. In this transaction, money does not actually change hands until some agreed-upon future date
Swap Forex Trading - The most common type of forward transaction is the foreign exchange swap. In a swap, two parties exchange currencies for a certain length of time and agree to reverse the transaction at a later date.
Futures trade - Futures are standardized forward contracts and are usually traded on an exchange created for this purpose. The average contract length is roughly 3 months.
Futures contracts are usually inclusive of any interest amounts.
Option Trade - A foreign exchange option (commonly shortened to just FX option) is a derivative where the owner has the right but not the obligation to exchange money denominated in one currency into another currency at a pre-agreed exchange rate on a specified date.
Libor - The London Interbank Offered Rate is the average interest rate estimated by leading banks in London that the average leading bank would be charged if borrowing from other banks. It is used as a reference in the forex market.
Forex Risk aversion - Risk aversion is a kind of trading behavior exhibited by the foreign exchange market when a potentially adverse event happens which may affect market conditions. This behavior is caused when risk averse traders liquidate their positions in risky assets and shift the funds to less risky assets due to uncertainty.
Learn about tools and platforms in the forex market that will help you succeed, ibkr (interactive brokers) reports, oanda, myfxbook,octafx, forex factory, best brokers and forex reviews
Forex Signals - Forex trade alerts, often referred to as “forex signals”, are trade strategies provided by either experienced traders or market analysts.
The foreign exchange market – The entire currency exchange activity is estimated to be many trillions of dollars, 24/7 trading, and high liquidity markrt
Investment Factors - theories that explain the fluctuations in exchange rates in a floating exchange rate regime (In a fixed exchange rate regime, rates are decided by its government)
Economic Factors - economic policy, disseminated by government agencies and central banks, and economic conditions, generally revealed through economic reports, and other economic indicators.
Political Conditions - Internal, regional, and international political conditions and events can have a profound effect on currency markets
Market Psychology - Market psychology and trader perceptions influence the foreign exchange market in a variety of ways as we will learn more in this forex course.
Trading Manipulation - A country may gain an advantage in international trade if it controls the market for its currency to keep its value low, typically by the national central bank engaging in open market operations. The People’s Republic of China has been acting this way over a long period of time.
Technical Analysis – An advanced strategy to trade in the forex market as well as stock market.
This is your opportunity to master the forex market,
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