Secret Revealed – How To Trade Forex And Make Money
Around the year 2000 Forex was popular among big corporate houses, financial institutions, banks and HNI’s but slowly and gradually individuals started trading into the Forex Market around the year 2005. With the help of digital world i.e. internet online Forex trading became very popular among individuals because of the huge earning potential in this market.
Most of the people hear off and on about Forex but majority of them are clueless, what is Forex and how they can make money through it. So here is your chance to know All about Forex.
What is Forex
Forex means Foreign Exchange i.e. Currency Exchange Rate. When a currency is exchanged with the other currency, that rate is called exchange rate and in short it is Forex. Forex Market is the market where currencies as a product are bought and sold. The Exchange rates of currencies are uniform worldwide. The rate of Euro or Pound in India is same as it is traded in America.
How Forex Market Works
Forex market is Global market of currencies; it is open for 24 hours (Monday to Friday). There are lot of fluctuations in the prices of currencies because of several below-mentioned factors. The basic idea to generate profit is to capture the anticipated move in the price of the currency. There are almost 90% to 95% speculators in the market looking for good opportunity to make money through Forex Trading.
Speculators or Traders are buying currencies at a lower price and later on selling at a higher price or vice-versa to make profit. This is very much similar to the Equity or Share market but there is a very big difference between these two markets. Forex market is affected by Macro-economic data whereas Equity market is affected by Micro-economic data releases. For example Currencies affected by GDP figures, Interest rate announcements by central bank, unemployment data, any political event, etc. where major drivers for Share prices are Company’s balance sheet, Profit and Loss account, big investment decisions, amalgamation and merger announcements, dividend declaration, etc.
Another major factor is market depth or liquidity. Forex market has great amount of liquidity as compare to the equity market. The current daily turnover of the Forex market is approximately USD 5 trillion, which is approximately 80 times bigger than the equity market turnover. Forex market is considered as fair because there is no external control by any financial entity. Even central bank’s interference is very rare in Forex market that too is around 2% occasionally for few hours, just to streamline or set the equilibrium between demand and supply. On the other hand if you look at the Equity market, big players are capable enough to influence the prices of the stocks by tens of percentages.
One more big advantage of Forex market is its Macroeconomic nature. Macroeconomic data releases are very easy to monitor and it reaches everyone at the same point of time, so the whole market is updated at once. But in Equity market if you are close to the company management or if you have any source for insider information then definitely one can take advantage of the important or critical information.
You may have lot of questions in your mind related with Forex Trading like:
How to learn / trade Forex? How much investment is required? How much profit I can generate / earn (earning potential)? What are the risks involved? What should be the educational background of Forex Trader? Do I need to sell something in market? How much time I need to devote daily? How much maths and English knowledge is required? Can I work from Home? Can I do this with my job or business? How much time it will take to become a Forex Trader?
Answer is very simple,
Only one day forex training session with us and online practice for 15 days is required Very little investment is required in forex trading as per your affordability There is huge earning potential in forex trading (Rs. 20,000 per month to Rs. 2 Lac per month) If you adhere to the Risk Management tips taught by us then very less risk to your investment. Even if you are 10thStandard qualified, you can trade Forex No, you need not to sell anything in the market. Only one hour per day (Monday to Friday) anytime during 24 hours Basic knowledge is required Yes, you can work from home or even on your mobile phone or tab. Yes, you can do this with your job or business Only one day training session with us and online practice for 15 days is required
Learn Forex Trading from A2Z Forex (Online or Class-room session)
A2Z Forex is conducting Forex Training workshops since 2010 for Individuals, Traders, Corporate houses. We have conducted more than 300 Training Workshops so far through out India, Dubai and Mauritius. We provide both in class as well as online training sessions. Total duration of training is 8 hours divided into two parts. First part of 4 hours is based on the Fundamentals of Financial Market and various factors effecting currency price movement and various terminology used in the Forex market.
And second part is based on the Technical Analysis of Currencies. Technical analysis is very important tool to forecast or predict the future price movement of the currencies. There are various technical tools available through which you can very well understand the historical price behavior of the currencies and predict the upcoming price movement.
Combining these two studies (Fundamentals and Technicals) you can analyse any asset class in the Financial Market i.e. Currency, Commodity and Equity (Share market).
After attending this training session we will provide you free practice account for 15 days and then ultimately you can start trading in your own real live trading account and then work from home & make money.
At the end we will teach you how to manage your risk i.e. Risk Management guidelines through which you can manage your risk under control.
Stop Loss management Take profit strategy Capital utilization strategy Strategy in loss making position Automatic Order management Short term and long term trading strategy
Last but not the least we will give you best Technical Analysis book worth Rs. 3000 absolutely free, if you register immediately