what are the things that you need to know before learning forex trading?
Saturday, November 9, 2013
, Posted by Ryanita at 12:59 AM
AwsomeDude
I mean what do I need to learn? I've searched up on websites like forex for noobs or baby forex (a site for forex newbie like myself..) but I failed to understand what the heck they're talking about so basically I figured out that I'm missing something what do I need to learn before learning forex trading?
Answer
First you need to learn before learning forex trading, about:
Market participants in Forex: Banks, Commercial companies, Central banks, Hedge funds as speculators, Investment management firms, Retail foreign exchange brokers, Non-bank Foreign Exchange Companies, Money Transfer / Remittance Companies.
Forex trading characteristics
Determinants of Forex Rates
Economic factors:
Economic policy comprises government fiscal policy and monetary policy.
Economic conditions include:
* Government budget deficits or surpluses
* Balance of trade levels and trends
* Inflation levels and trends
* Economic growth and health
* Productivity of an economy
Political conditions: Internal, regional, and international political conditions and events can have a profound effect on currency markets.
Market psychology: Flights to quality, Long-term trends, "Buy the rumor, sell the fact", Economic numbers.
Financial instruments: Spot, Forward, Future, Swap, Option, Exchange-Traded Fund.
....and more.....
First you need to learn before learning forex trading, about:
Market participants in Forex: Banks, Commercial companies, Central banks, Hedge funds as speculators, Investment management firms, Retail foreign exchange brokers, Non-bank Foreign Exchange Companies, Money Transfer / Remittance Companies.
Forex trading characteristics
Determinants of Forex Rates
Economic factors:
Economic policy comprises government fiscal policy and monetary policy.
Economic conditions include:
* Government budget deficits or surpluses
* Balance of trade levels and trends
* Inflation levels and trends
* Economic growth and health
* Productivity of an economy
Political conditions: Internal, regional, and international political conditions and events can have a profound effect on currency markets.
Market psychology: Flights to quality, Long-term trends, "Buy the rumor, sell the fact", Economic numbers.
Financial instruments: Spot, Forward, Future, Swap, Option, Exchange-Traded Fund.
....and more.....
How do i swap eBooks and Softwares with other people?
Richard If
I have very cool eBooks on Forex and some other pretty cool software, so how do i get to swap them with other people on the net who have cool eBooks and Softwares too?
Answer
Try looking for ebook swap forums, online ebook trading, ebook exchange, etc. This is just one such site:
http://www.onecer.net/ebook/
wwbgd
Try looking for ebook swap forums, online ebook trading, ebook exchange, etc. This is just one such site:
http://www.onecer.net/ebook/
wwbgd
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