In this presentation we will talk about the basics of forex trading. We will start by answering the auestion: What is Forex?

1. Trading 101: The Basics
No matter what your approach to trading is, there is
a basic knowledge that you need to have in order to
navigate your way through easily and professionally. After
all, when trading you'll be dealing with money. It could be
your money or, why not, other people's money, in case you
want to become a proprietary trader.
So, it's clearly a lot of responsibility. And you don't
want to lose it all just because you didn't know how to set
your parameters before entering a trade.
That's where "Trading 101" comes in. This series will
be comprised of articles about all the basics, from A to Z.
There are multiple reasons why people skip this part.
First of all, it can be tedious. But, don't try to convince
yourself that it's not important or it's not that hard to
understand, it can be done later.

2. It's true! It can be done later. Heck! It can be done
anytime. But it will hinder your performance and come
back to bite you again and again till you decide to rip that
Band-Aid off.
Also, if you want to take advantage of this subject and
for it to serve your interests in the most effective way, treat
it seriously. Try to take notes and apply what you learned
on a regular basis. It will save you so much time and do
nothing but help you along the way.
“Give me six hours to chop down a tree and I will spend
the first four sharpening the ax.”
Abraham Lincoln
• The first order of business: What
is Forex?
As human beings, we have difficulty comprehending
and wrapping our heads around very big numbers that
deal with magnitudes outside of human perception. So,
when I tell you that the Forex market is the largest and
most liquid financial market in the world, with trillions of
dollars’ worth of transactions each day, you should take a
minute to let that sink in. It's impossibly huge.
The Foreign Exchange (FOREX) is where currencies
are traded against one another. Operating 24 hours a day,
5 days a week, it dwarfs other markets like the New York
Stock Exchange and the London Stock Exchange. In April
2019, the FOREX market had a daily trading volume
of $6.6 trillion, against $22.4 billion for the NYSE and

3. just $18.9 billion for the London Stock Exchange. It's a
difference by orders of magnitude.
Everybody, with no exceptions, has participated in
this exchange at some point of their lives. Each time you
need to purchase goods from another country or travel
you need to trade currencies in order to have smooth and
fast transactions. Countries do the same, on a large scale.
That exchange doesn't always happen with the same
exchange rate. It's different, every time. To see this in full
action, you can visit any bank, currency exchange booth
or airport and go up to the counter. It's the screen
displaying different exchange rates for different
currencies.
In the next article of this series we will talk about the
instruments traded and know exactly what they are and
how they are used. Visit this link:
https://financialmarketjunky.blogspot.com/