STOP
The signs of the road are easy to read. No matter
where you are in the world, chances are pretty good
that you’d know what to do at a red octagonal sign
or a green light. We combined forex learning
where you are in the world, chances are pretty good
that you’d know what to do at a red octagonal sign
or a green light. We combined forex learning
with the rules of the road to give you a fun and
easy way to learn the basics
easy way to learn the basics
of forex trading. Driving a car can be exciting,
fun and, if you’re not doing it properly, very
dangerous. Just like forex trading.If you’re ready to learn,
have a seat, fasten your belt and enjoy our Forex Ed lessons.
fun and, if you’re not doing it properly, very
dangerous. Just like forex trading.If you’re ready to learn,
have a seat, fasten your belt and enjoy our Forex Ed lessons.
HOW THE ROAD WAS PAVED
 |
Today’s forex market was formed in the early 1970’s. The first major step in the formation of the market was the Bretton Woods Accord, which was established after World War II to restore the world’s economic state. The Bretton Woods Accord decided that all major currencies would be pegged to the U.S. dollar, which was pegged to gold at a price of $35 per ounce. Under these standards, the major global currencies pegged to the U.S. dollar were only able to fluctuate by one percent. The European nations sought to move away from their dependency of the dollar in the 1970’s, thus forming the Smithsonian Agreement and the European Joint Float. Each agreement was similar to the Bretton Woods Accord, but allowed a greater range of fluctuation in the currency values. However, both agreements failed, paving the way for the free-floating systems. There were no longer pegs on currencies, and therefore currencies were able to fluctuate freely. Traders utilize these fluctuations on the forex market. By studying price changes and current events, a forex trader can buy or sell one currency against another in hopes of making a profit off of the price fluctuations . TOOLS   |
THE BASIC MECHANICS BEHIND A TRADE |
Before you can steer your forex career in a profitable direction, you need to know some market basics.  Trading Hours  The Forex market is a global entity. Market hours overlap one another, ensuring that there’s always an open market. Traders can make trades 24 hours a day, 5 days a week. The market closes on Fridays at Sundays at TOOLS Trading Pairs A trading pair consists of a base currency and a quote currency. The first currency listed in the pair is the base currency, while the second currency is the quote currency. Traders buy or sell the base currency using the quote currency.Let’s take a look at this pair: EUR/USD In the trading pair above, the Euro is the base currency and the United States Dollar is the quote currency. If you are trading with the EUR/USD, you’d be purchasing or selling the Euro using the United States Dollar. TOOLS Leverage Leverage is a big part of Forex trading. Leverage is a loan given to a trader by a broker to intensify that trader’s results. Calculating leverage is simple. All you have to do is multiply the leverage by how much you wish to trade. A leverage of 100:1 means that the broker will match every 1 dollar you trade with 100 dollars. A leverage of 20:1 means that every 1 dollar you trade will be matched by 20 dollars, etc. For example, if you sign up with Forex Club’s minimal balance of $10 and trade with a leverage of 100:1, that means that you can trade ($100x10=) $1,000. TOOLS |
HOW TO GET THERE SAFELY |
KEEPING YOUR EYES ON THE ROAD |
LOOK
Yellow means look. Take a look around
and see why
Forex Club’s platforms and advantages are unique
and beneficial to you.
SIGN UP FOR FOREX ED CLASSES |
RIDE WITH COMFORT |
TRADE WITH THE BEST SAFETY FEATURES |
TRADE
The light’s green! It’s time for you to put the pedal
The light’s green! It’s time for you to put the pedal
to the metal and get en route to your forex career.
THE VEHICLES |
FUELING YOUR RIDE |
ALL THE DIRECTION YOU NEED |
GETTING YOURSELF A SYSTEM |
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