money. Forex trading turns that little airport or ATM currency exchange into a sport. Companies Companies need to use the foreign exchange market to pay for goods and services from foreign countries and also to sell goods or services in foreign countries. Retail Forex traders access the market indirectly either through a broker or a bank.
You need to check yourself, reflect and analyze to know what works more and what less. Part 7: Introduction to Forex Charting Part 8: What Is A Forex Trading Strategy?
An important part of the daily Forex market activity comes from companies looking to exchange currency in order to transact in other countries. Thats easy enough to understand after all, whether youre buying a house or the euro, you want what you buy to be worth more than you paid for. A pips value depends on the trade lot and the currency pair. For example, EUR/USD.12044/57 means that the bid.12044 and the ask.12057. As noted at the start of this post, forex trading is risky. Reverse"tion the quantity of a foreign currency that can be bought for one national currency unit.