Introduction to FOREX | Class with FELICITY DI NALLO
Forex economist Felicity di Nallo introduces us to the Forex market. You can see the complete class in the TRADER CLUB.
Forex is the largest market in the world. The Forex is the currency market and the most liquid market because it is a market that is open 24 hours 6 days a week. The advantage is that you can trade at any time, regardless of the job you have. When you have free time, you can trade. It is best to ope...Read more
Forex is the largest market in the world. The Forex is the currency market and the most liquid market because it is a market that is open 24 hours 6 days a week. The advantage is that you can trade at any time, regardless of the job you have. When you have free time, you can trade. It is best to operate when the US and European markets are open, but you can trade at any time. I am going to tell you what is Forex. It is very important to do trading to know how the Forex works and what is the Forex helps us to protect ourselves from the variation of the exchange rate.
From 2014 until today we have lost 30% of the value of the euro. The rate of change in the quantity not of the second currency that we need to acquire a unit of the first. How many of the second coin do we need to acquire an amount of the first. For example, 1.20 means that we need 1.20 US dollars to buy one euro. Our unit of measurement is the PIP. The exchange rate is shown as 1, 12 and 15. If you want to know each day how much the PIP is worth in all the crosses you want, you can go to its CashBack Forex and also its investing. If you go to google you can find the value of the PIP anywhere. To obtain the value of the PIP, you must put the lots and crosses where you are operating and the result that you will get will be compared to the currency with which you have your portfolio. In the end, you will get the value of the daily PIP with respect to the values that you have in your account.
The difference between Bid and Ask is the spread, which is what the broker will charge. You should know here the most important currency crosses for traders because they have quite a high volatility, and for traders volatility means money. This is a short introduction to Forex.Less