#FOREX PART ONE. FOREX Ni NINI?

The Foreign Exchange market, also referred to as the "FOREX" is the largest financial market in the world, with a volume of about $2 trillion a day. It actually equates to more than three times the total amount of the stocks and futures markets combined.

#What is traded on the Foreign Exchange?

The simple answer is money. Forex trading is the simultaneous buying of one currency and the selling of another. Currencies are traded through a broker or dealer, and are traded in pairs; for example the Euro dollar and the US dollar (EUR/USD) or the British pound and the Japanese Yen (GBP/JPY). Because you're not buying anything physical, this kind of trading can be confusing. Think of buying a currency as buying a share in a particular country. When you buy, say, Japanese Yen, you are in effect buying a share in the Japanese economy, as the price of the currency is a direct reflection of what the market thinks about the current and future health of the Japanese economy. In general, the exchange rate of a currency versus other currencies is a reflection of the condition of that country's economy, compared to the other countries' economies. Unlike other financial markets like the New York Stock Exchange, the Forex spot market has neither a physical location nor a central exchange. The Forex market is considered an Over-the-Counter (OTC) or 'Interbank' market, due to the fact that the entire market is run electronically, within a network of banks, continuously over a 24-hour period.

#Basic essentials for Forex Trading.

• Knowledge
• Internet
• Smartphone
• capital -Trading Account

#Trading platforms

Trading platforms are softwares used to carry out all Forex trading matters such as making analysis and opening/closing positions. They include

• MT4
• MT5
• CTradeR
• Mobile Metatraders
• TradingView and others. -Brokers Apps or Sites

PART 2 DROPPING TOMORROW