Global Forex Trading

Global Forex Trading

Forex trading is one of the leading markets and forex is the most traded asset globally. The popularity is mainly due to its volatility and high leverage that makes it most suitable for traders especially the beginners. Usually, the currencies are traded in pairs, with US dollar being the most traded currency. There are major pairs, exotic pairs etc. depending upon the currencies in the pair. By pair, it means, in forex trading a value of one currency is compared with the value of second in the pair to determine whether to buy or sell.

Introduction guide- forex trading for beginners Forex has many benefits and opportunities to offer to the traders, one of them is availability 24/7. The leverage is pretty high which means you can make profit at rise and fall of the price as well. The participants of the forex trading market ranges from major banks, trading firms, retail traders, governments among others. Bear Street offers valuable forex trading training in Kolkata that helps you acquire the basics of the market including its operations. Beginners must be aware of following:      

How to function in the forex market Basic terminologies of the market How to make different trades Calculating daily rollover, cost for trades, broker commission etc Multiple analysis (fundamental, technical etc.)

How to do risk management and calculate risk reward

Begin with choosing the right verified broker to open a trading account (try demo or virtual trading account first). Choose a strategy that works well for most of the trades.

Professional traders often develop new strategies as per the type of trade. The best one for beginners can be price action trading which helps in analysing the price action on the chart to make a decision. There will be risk factors, losses as well as

profit – be balanced enough to handle all the situations wisely. There might be many potential traders that leave behind their high paying job to get into trading. Rather than investing real money all in one go initially, it is always a better option to trade using demo accounts. Brokers usually play on behalf of their client; hence brokerage or commission must be paid to them as well.

Different stock exchanges globally Global Exchange Trading in Mumbai is dependent on the market fluctuation over different platforms on a global scale. Every country may have a stock exchange and few of them are widely acknowledged. US market live trading in Ahmedabad has many participants and the number of trades on a daily basis has been only rising.

The list of some of them are:  The New York Stock Exchange or NYSE  The Tokyo Stock Exchange  The Hong Kong Stock Exchange  The London Stock Exchange  The Shanghai Stock Exchange There will be difference in trading volume, trading hours etc. for all the above stock exchanges listed above.

For beginners, there might be various questions about trading strategies, fluctuations, brokerage, trading accounts and above all risk factors. Forex trading is a lucrative business and like any other business, it has its share of ups and downs.