Forex Trading for Beginners

[Lin5878]

Hello,

If you really want to make money from Forex trading then first you need to know what is Forex and how does it work. Here are some definition about Forex trading and how does it works. I think it's will be helpful for beginners who want to start trading.

What is a Forex and How does it work?
Foreign exchange market, Forex or FX is a global decentralized or over-the-counter market for the trading of currencies. This market determines foreign exchange rates for every currency. It includes all aspects of buying, selling and exchanging currencies at current or determined prices. In terms of trading volume, it is by far the largest market in the world. The main participants in this market are the larger international banks. Financial centers around the world function as anchors of trading between a wide range of multiple types of buyers and sellers around the clock, with the exception of weekends. The foreign exchange market works through financial institutions and operates on several levels. Behind the scenes, banks turn to a smaller number of financial firms known as dealers, who are involved in large quantities of foreign exchange trading. Most foreign exchange dealers are banks, so this behind-the-scenes market is sometimes called the interbank market. Trades between foreign exchange dealers can be very large, involving hundreds of millions of dollars. Trading from 22:00 GMT on Sunday (Sydney) until 22:00 GMT Friday (New York).
According to the Bank for International Settlements, the preliminary global results from the 2019 Triennial Central Bank Survey of Foreign Exchange and OTC Derivatives Markets Activity show that trading in foreign exchange markets averaged $6.6 trillion per day in April 2019. This is up from $5.1 trillion in April 2016. Measured by value, foreign exchange swaps were traded more than any other instrument in April 2019, at $3.2 trillion per day, followed by spot trading at $2 trillion.

What is a Forex Broker and How does it work?
There are 3 types of forex brokers:
ECN Broker
MM broker
STP broker
ECN means Electronic Communications Network (it is a network) Within this network the broker collects the prices of several liquidity providers such as banks, or financial institutions and always selects the best prices to offer them to its customers. Broker ECN offers real market conditions offering its customers the possibility of operating under the same conditions as banks and other large companies. Spread are lower offering Market Makers or STP brokers. There are no conflicts of interest with its customers. Transactions in ECN are performed as instant execution, that is, without any delay.
Market Maker are the brokers that create their own markets and conditions, which means that prices do not enter directly from banks etc. Virtually every 1 of 3 brokers is Market Maker. They offer spreads a little higher than ECN or STP.
STP is by Straight Trough Processing. They work more or less like ECN, sending all transactions directly to the market. STP brokers always increase the spreads offered by liquidity providers and this is their benefit. There are no conflicts of interest with its customers. STP brokers offer to carry out transactions as Instant execution, without any delay. Operations always go to the foreign exchange market, liquidity providers, banks or financial institutions. More about Forex trading for beginners.

https://www.forexprotect.com/forex-trading-for-beginners-1.html

Thank you.

[gds221]

For beginners, the most important task is to try not to lose money. I myself started working in this industry quite recently, with a broker Amarkets and so far quite good results.

[Kelerad]

If you really want to start trading and get more favorable conditions, then the Amarkets broker is exactly what you need

[gds221]

For a beginner, the main criteria in choosing a broker are spreads, a trading shoulder, a demo mode, bonuses for a trader. In all respects, I consider the best broker Amarkets and while I work with him.

[Vaabum]

It is very desirable for beginners to pay attention to training and demo counting. This will be the best option for them to gain experience.

[gds221]

Learning how to trade is extremely important for beginners. As for me, this is what is most important.

[Viran]

As for me, the Amarkets broker is very suitable for beginners due to the fact that there are specialists, good trading conditions.

[Mezigis]

It is really very difficult for beginners to realize that not everything is as easy as it seemed at the initial stages.

[gds221]

For me, as a beginner, the most important was the demo mode. I started working with broker Amarkets, and I can say that the demo regime liked. As for me, this is a good option for a beginner.

[Juleenelya]

when I first started myself, I tried myself on a demo from Expertoption, and you know, the functionality is at the level, for beginners this is the best option to start

[gds221]

For a beginner, trading seems very difficult, but the main thing for a beginner is gaining experience. To do this, you should pay attention to the demo mode.

[Laidar]

When choosing a broker, you need to pay attention to many factors and therefore I think that Amarkets with thirteen years of experience with a large set of tools and good withdrawal of funds has the right to a leading position

[gds221]

For me, the best broker for the job was the broker from Amarkets. In my opinion, in terms of work, this is a real worthy option that can bring good profit.

[Vaabum]

Beginners in the trading process need to be as careful as possible. In my opinion, they should pay attention to short-term investments and small sums.

[gds221]

For beginners, trading is a real challenge. As for me, achieving success in this industry really requires attention and experience.

[Beagra]

My experience in trading in the Forex market is still not large enough, but I can say that, despite all the difficulties and a lot of waste of time, this is really a very profitable and pleasant job.

[gds221]

For beginners, the most important thing is to gain experience and learn how to work with a demo account. In my opinion, this will minimize possible losses.

[Monaya]

It will be quite convenient for a beginner to trade with a broker Amarkets, he has additional services that make it possible to earn at the professional level, as well as good and professional managers who are always ready to help and prompt.

[gds221]

The main thing for beginners is to be able to control yourself and the main thing is their expenses. That's the minimum for a beginner.

[Cordawield]

There are many subtleties in currency trading, but there are no insurmountable obstacles.

[gds221]

For beginners, trading is a rather risky option for work. But again, with the right approach to training, you can earn quite well.

[Sanin]

At first, it is really quite difficult to navigate this area of the new, at one time the experienced managers of the Amarkets broker also helped me a lot.

[gds221]

For beginners, I consider the demo mode to be an important stage in trading. For example, working with the broker Amarkets, I worked with a demo account for quite a long time and paid a lot of attention to it.

[Vaabum]

For me, the broker ExpertOption turned out to be a very good broker to start work. I was satisfied with the working conditions, and most importantly, I was able to earn quite well. Beginners will definitely like him.

[Mezigis]

Broker Amarkets offers a good ECN with a leverage of 1: 200 and a deposit of $ 200, and I am happy to use it, it brings good profit.