Forex attracts many people with their boundless possibilities for receiving income. However, participation in it causes certain doubts, even fear, because this area of activity cannot be attributed to traditional earnings. Trade is much more logical, which provides for the preliminary purchase of goods from the manufacturer, transporting it to warehouses, subsequent storage and further sale. The financial market of Forex does not imply such processes, the real product is not supplied to anyone, but there are no less, fabulous profits are created on its price difference. Forex trading revolutions are increasing every year, daily they exceed 4 trillion dollars. And the capital that is necessary for strategic in order to become a member of this global trading process may be insignificant amounts – 50-100 dollars.
What is the secret of such a success in trade? It is composed of many components and, above all, is based on the fact that income is created on price fluctuations that tend to repeat with a certain pattern through the caused periods of time. And in order to successfully use these fluctuations for the implementation of transactions, it is necessary to carry out the correct forecast for Forex today based on technical and fundamental analyzes. Financial instruments that are intended for trading can be various assets, such as promotions, options, indexes, however, trade in currency pairs prevails. The main of them include the most famous currencies of the world: Euro, Japanese Ien, British pound, Swiss franc, Canadian, New Zealand, Australian dollars. And basically they are trading against the American dollar, which is the leading and reserve currency of the world. There are also couples that do not include US dollar-they are called cross courses. The choice of the tool is determined by the preferences of the trader – the market merchant, as well as their liquidity, the trend of demand at the moment, the technologies used and other factors.
All these tools can be used to implement transactions. The principle of trade allows you to create a profit, both on growth and reduction in the price. This is due to a specific approach to the trading process: all transactions are implemented in pairs, that is, after one, an operation that has the opposite orientation should always be carried out. For example, first, a deal is opened to buy a certain asset, the next – for its sale. The first operation is called an open position, the second – a closed position.