Are you are comfortable trading in the Forex ?

If you are new in the world of Forex, you wonder about everything related to it, and the things that you should do in a normal trading day. You may wonder as well whether the trading in the Forex is really worth the effort, or is it better to search for money and entertainment elsewhere. This article will give you some of the relevant industry, Forex background task so that it can decide on the participation in it, and help you to see the currency trading basics.

Day trading in the Forex

Unlike the local markets in which trading is where the specific time frames and in accordance with specific national agenda, the Forex trading can be done around the clock, which means it will be to have an abundance of opportunities to trade on your own time, regardless of when it time. Forex trading day is a full 24-hour week and Forex starts at five pm on Sunday (Eastern time the United States) and ends at 400 on Friday night. And so you have a chance Forex strategy that fit your lifestyle design.

High liquidity and daily returns

Forex market is the high market liquidity, which means essentially that your currency pairs will support the operations due to the presence of a large number of other traders involved. Revenue generated per day in the Forex market is considered much greater than the returns produced by other markets. For example, the daily returns in the stock market is about $ 25 million, while the Forex market is trading at $ 3 billion.

The importance of transparency

Since the Forex market is very transparent, you can trade in this market at the same level which is completely traded by big institutions, such as major investment funds and banks. Because such a large market such as forex market, no one can Any figures of its own control. As a result, you can go to every day in Forex trading with confidence you will not be subjected to any sudden major adjustments.

Major Currencies

You have to realize also that the major currencies, which are handled every day in the forex market accounting for 85% of the volume. These currencies are the US dollar, euro, British pound, Swiss franc, Canadian dollar, Australian dollar, Japanese yen and New Zealand dollar. However, you should not live in one of these countries that deal in these currencies in order to be involved in Forex trading, but you have to monitor the movement of these currencies during the trading day in this market.

Relationship with other markets

Although the Forex independently of all other markets, you will discover that his relationship with her, and is something which may be useful if you have knowledge of other markets. For example, the Forex largely connected to the currency market, if "Dow Jones" index value rose, the value of currencies with high yields will rise, such as the euro and the British pound, while the low-yielding currencies will be worth less.

Fees and Expenses

Any expenses not directly bear on the Forex through, but you will bear the expenses due to deployment fees and extension. For example, you may earn or pay for to keep some open positions on your trading in Forex day to the other, depending on a comparison of the interest rates of the relevant currencies.