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Forex: Foreign Exchange

The Forex market is the largest financial market in the world, with an average daily trading volume of $5 trillion, over 5 times larger than the New York Stock Exchange and Tokyo Stock Exchange combined. It operates as an over-the-counter, decentralized market with trading occurring continuously 24 hours a day, 5 days a week between major banks, central banks, corporations, investment management firms, and retail forex brokers and investors. The three main Forex market centers are London, New York, and Tokyo. Forex trading offers benefits such as leverage of up to 500:1, allowing traders to control large positions with relatively small accounts, ability to profit from both rising and falling markets, and ability to trade from anywhere via internet

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Leong Weng Phoon
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176 views15 pages

Forex: Foreign Exchange

The Forex market is the largest financial market in the world, with an average daily trading volume of $5 trillion, over 5 times larger than the New York Stock Exchange and Tokyo Stock Exchange combined. It operates as an over-the-counter, decentralized market with trading occurring continuously 24 hours a day, 5 days a week between major banks, central banks, corporations, investment management firms, and retail forex brokers and investors. The three main Forex market centers are London, New York, and Tokyo. Forex trading offers benefits such as leverage of up to 500:1, allowing traders to control large positions with relatively small accounts, ability to profit from both rising and falling markets, and ability to trade from anywhere via internet

Uploaded by

Leong Weng Phoon
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF or read online on Scribd
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FOREX

Foreign Exchange

What is Forex?

Market Comparison
Average Daily Trading Volume

Forex Market New York Stock Exchange Tokyo Stock Exchange London Stock Exchange

$ 5.0 trillion

$ 22.4 billion

$ 18.9 billion

$ 7.2 billion

Forex is more than 5 times the total stock market and futures market combined

Major Trading Currency


Symbol USD EUR JPY GBP CHF CAD AUD NZD Country United States Euro zone members Japan Great Britain Switzerland Canada Australia New Zealand Currency Dollar Euro Yen Pound Franc Dollar Dollar Dollar

Currency Distribution

100%
84.9%

80% 60%
39.1%

40%
19.0% 12.9% 25.0% 7.6% 6.4% 5.3%

20% 0%

USD

EUR

JPY

GBP

AUD

CHF

CAD

Others

Forex Market Hours


24 hours a day 5.5 days a week
0600 0700 800 900 1000 1100 1200 1300 1400 1500 1600 1700 1800 1900 2000 2100 2200 2300 0000 0100 0200 0300 0400 0500 0600

Asia (6:00 am - 7:00 pm) Europe/London (3:00 pm - 12:00 am) US (9:00 pm - 6:00 am)

Summer (approx. April - October)


Time Zone Sydney Open Sydney Close Tokyo Open Tokyo Close London Open London Close New York Open New York Close GMT (+8) 5:00 AM 2:00 PM 8:00 AM 5:00 PM 3:00 PM 12:00 AM 8:00 PM 5:00 AM

Winter (approx. October - April)


Time Zone Sydney Open Sydney Close Tokyo Open Tokyo Close London Open London Close New York Open New York Close GMT (+8) 6:00 AM 3:00 PM 9:00 AM 6:00 PM 4:00 PM 1:00 AM 9:00 PM 6:00 AM

Why Forex Trading?

Leverage
To trade forex, 100,000 units is required with1 standard lot
No Leverage

No Leverage (1:1) 100,000 units - 1 standard lot $100,000 - $10/pip

$100,000 is required to trade at $10/pip (standard lot)


With Leverage

With Leverage

Leverage (e.g. 100:1) $100,000 100 = $1000 $10/pip 100 = $0.10/pip

With leverage, a smaller account size is required to trade the same amount of lot

FXPrimus platform provide max leverage of 500:1 With $1,000 you are able to trade $500,000 deal

PIP
Percentage In Point - Smallest unit of measurement to express the change in value between 2 currencies -

EUR/USD 1.3130 USD/JPY 83.90

1 pip increase

EUR/USD 1.3131 USD/JPY 83.91

1 pip increase

XAU/USD 1534.50

1 unit up = 10 pips up

XAU/USD 1534.60

Recession Proof Vehicle

Sell Later

Sell First

Buy First

Buy Later

Bull Market (Uptrend), you LONG

Bear Market (Downtrend). you SHORT

Prot both ways

Trade From Everywhere

Laptop

Smartphone

Tablet

With an internet connection you can trade forex on the move

Forex Trading is Simple


We offer education & guidance

Forex Analysis

Money Management

MetaTrader 4 Technical Analysis

Growth Plan Risk : Reward Ratio

Trading Psychology

Mirror Trading

Control Fear & Greed Discipline

Mirror strategy Automated trading

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