Currency Exchange Forex
Currency trading can be carried out on various platforms, but the most famous of them all is the forex exchange.
In addition, this exchange is also the most accessible for the average trader, as it is widely used for speculative transactions with currencies.
The forex currency exchange operates on the basis of market laws, that is, exchange rates are formed under the influence of supply and demand, while artificial regulation is completely excluded.
Large players can influence the price only by purchasing or offering large volumes of currency for sale.
Forex currency turnover amounts to several trillion US dollars per day; according to various estimates, this amount is from 3 to 5 trillion, depending on the demand for currency and market sentiment.
With hype trends, turnover increases several times.
The main players on the forex currency exchange are large brokers, also called market makers, they are the ones who make multi-billion dollar transactions and set the exchange rate, regulating the supply and demand of the currency.
The forex currency exchange does not have a specific place for trading; all transactions are carried out via an electronic network directly between transaction participants. This approach makes it possible to ensure almost round-the-clock functioning of the market, with the exception of holidays and weekends.
The main commodity sold on Forex is currency; only freely convertible currencies of the world are involved in transactions, which allows for sufficient liquidity of all instruments.
And recently, trading has also begun to take place in cryptocurrencies, and this asset is also very popular among traders.
All transactions are registered in the form of currency and cryptocurrency pairs; this approach standardizes and simplifies the trading process.
In order to buy or sell the desired asset, it is not at all necessary to carry out its actual delivery; it is quite enough to simply open an order in the desired direction and maintain this position. As a result, you make a profit if the price goes in the desired direction or losses if the price moves against you.
It is for this reason that almost anyone can trade Forex at the moment; to do this, it is enough to choose a broker who will represent you on the exchange and deposit a certain amount of funds.
You can study the practical aspects of carrying out trading operations in just a few days, but the main thing is to understand the principles of movement of exchange rates and the psychological aspects of the functioning of the market.
It is quite possible to make money on the forex currency exchange, record earnings sometimes amount to more than 1000% of the initial deposit amount per day, but with the same success you can lose all the invested funds.
The basics of trading are described here - http://time-forex.com/azbuka
Trading in the foreign exchange market has all the signs of gambling, so when taking your first steps, you should be extremely careful and attentive. It is novice traders who most often lose all their money due to abuse of leverage.