Forex (FX) is the marketplace where various national currencies are traded. The forex market is the largest, most liquid market in the world, with trillions of dollars changing hands every day. There is no centralized location, rather the forex market is an electronic network of banks, brokers, institutions, and individual traders (mostly trading through brokers or banks).
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Compared to other groups, we help ANY type of trader, either those who want to hold long term positions in the market, or for people that want to be “in and out” (scalpers). We do it best, mastering Volatility in the market with a really tight stop loss. All packages include: 3-Part Course Education, Webinars Vault, Telegram Chat Access, Free Resources, Forex Brokers Listings, & More.
It isn’t owned by anyone in particular. Forex is an interbank market, meaning that its transactions are conducted only between two participants — seller and the buyer. So as long as the current banking system will exist, Forex will be here. It isn’t connected to any specific country or government organization.
Forex market is open from 22:00 GMT Sunday (opening of the Australian trading session) till 22:00 GMT Friday (closing of the US trading session).
With some Forex brokers you can start trading Forex with as little as $1. Usually, the minimum amount varies from $10 to $10,000 ($100,000 and more for interbank trading).
Margin is money you need to have in your broker account to secure your open position. Different brokers require different amount of margin money to keep your positions open.
You can read the MetaTrader Expert Advisors User’s Tutorial to find out how to install those expert advisors.
When you open a trade, you do it at the Ask price for Buy trades or at the Bid price for Sell trades. If you were to close the trade, the opposite price is used; the Bid price to close a Buy trade and the Ask price to close a Sell trade. The same applies for calculating the trade’s floating profit or loss. Hence, when opening a new trade, it always starts in the red due to the Bid/Ask spread. This is why, every trader must first beat the spread for their positions to become profitable.
There is none. You should constantly develop your own strategies for every possible market situation if you want to be in profit. Specific Forex strategies can only be good for a limited period and for specific currency pairs.