Introduction of Forex trading for beginners 2022 - 2033

 

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Friends, before trading in the forex market, you have to understand the forex market. We will first understand the forex market, what is forex? How to do trading in it? What are the things to keep in mind while trading? What is the candle indicating? How do you understand those signs? Will the price go up or go down now? Like this, you will have thousands of questions in your mind. You will get answers to all these questions in this series. You just need to stay with us.

Friends, this series is in such a simple language that even if any child is reading this post, then he will also understand what is Forex market? And how do you make money from it? While reading this series, you will feel that this site (only4us.in) is talking to you with you. This site already knows your dreams and is fully cooperating with you to fulfill them. You will feel that this site is only for you. And yes, if you got a little knowledge from this post, then definitely share it. And tell us in the comment on which topic you want the next post. So let's get started.

  

What is Forex?

First of all you have to know which bird is Forex. Now you will think that why did I call it a bird, so for your information, let me tell you that if you work in forex properly, then forex will become such a bird for you that will give you golden eggs every day. Yes, you read that right, golden eggs. Here the golden egg means your side income.

Forex is made up of two words foreign + exchange. Many people also call it FX. Well forex means OTC market. (Global, over-the-counter market) Forex is a place where traders, investors, companies, banks, etc., these people invest here. and buy and sell currencies globally. And earn profit. This market is open 24 hours and 5 days a week, this market is closed on Saturday and Sunday.

Who is Forex Market?

The place where we buy and sell foreign currency is called forex market. Means a market where foreign currencies are bought and sold or exchanged. When the value of a currency fluctuates, trading takes place in its rising and decreasing value at the same time. The thing to keep in mind here is that you have to predict which currency will go up in price and which currency will go down. How to estimate this. This is what we have to understand, if you understand this, then you will just keep earning money.

What is forex market?

Currency is bought and sold in the forex market. There you can buy and sell any currency in pairs. It is the largest market in the world. A month's total business of the stock market in India is as much. Almost the same amount of business is done in a day in the forex market. Meaning forex market is the sea of ​​currency. In which you can withdraw as much currency as you want. You just need a little knowledge.

If you started trading in the forex market without any knowledge, then you can also lose your money in your currency. That's why you first take the knowledge. Collect the information, understand it well and then start trading in the forex market. Friends, if you get information from anywhere, if it is of your work, you are going to benefit from that information, then you can take that information.

    

What is forex trading?

The way we buy and sell shares, it is called share trading. Similarly when we

Buying and selling of currency is called forex trading. A trade is created when the value of a currency fluctuates. The currency that is bought and sold at that time is called forex trading.

How do you make money by buying and selling currency in the forex market?

We try to understand this question with an example. Suppose you went for a walk outside India. And when you turned around and came back, you were left with $ 1000 / - dollars. When you went to visit, then the value of $ dollar was Rs 78.13 /- according to India. When you came back, the price of $ dollar became 78.89/-. Now the $ 1000 / - left with you, your profit is Rs 760 / -. How did this happen. How did your money grow while sitting? This is the beauty of the forex market. You can earn money by trading in any currency of the world sitting in your home.

What is the timing of the forex market?

Our earth is round and there are about 200 countries in the world. There is a slight difference in the time of every country.

The Forex market is a market that operates 24 hours a day, 5 days a week. It is closed for 2 days on Saturday and Sunday. You can choose your time as per your convenience. And start trading in the forex market. And can make a side income.

How does Forex trading work in the market?

Let me give you an example to understand how the forex trading market works. Through this you will understand easily. Forex trading always takes place in pairs of two currencies. Such as GBP/USD, EUR/USD, CAD/USD etc. If you are new then you may not understand these pairs. Next we will talk about this topic. First let us understand how forex trading works.

Suppose you have taken 2000 euros in exchange of dollars in forex trading. The dollar/euro (USD/EUR) exchange rate at the time you bought the euro was 1.45, meaning you paid $2900 to buy 2000 euros. After some time there was a slight movement in the exchange rate and the rate changed and the exchange rate increased to 1.55. Now the thing to note is that when you sell 2000 euros, you will get 3100 dollars. In this way you will have a total profit of $ 200. Similarly, if the exchange rate at the time of selling the euro is 1.35, then you will get 2700 dollars for the same 2000 euros i.e. you will have a loss of 200 dollars.

  

In a way, the price of which currency is going to increase and which currency is going to decrease. We have to do forex trading just by guessing it. And this assumption comes from learning and experience. If you have learned just such a thing with sincerity, then understand that you have learned a lot.