Những năm gần đây thị trường Forex diễn ra rất sôi nổi, trong số đó sàn FBS được đánh giá là phù hợp với trader mới vào nghề nhất. FBS đầu tư nhiều nguồn lực để phát triển sản phẩm đáp ứng nhu cầu của người dùng. Không phải tự nhiên mà có được thành công như hiện tại, thu hút hàng triệu người tham gia. Nếu bạn đang quan tâm đến sàn FBS hoặc phân vân sàn giao dịch này có xứng đáng để lựa chọn hay không thì hãy theo dõi bài viết này nhé!.

I mean ,for a european forex trader , that fund his account in euros.
if they trade long the pair USD/CAD, even if the trade goes well ,a strengthening EUR vs the USD could take a bite off their USD/CAD profits, right?

Currencies are traded through a "Forex Broker" or "CFD Provider" and are traded in pairs. A currency is quoted relative to another currency. For example, Euro and US Dollar [EUR\USD] or British Pound and Japanese Yen [GBP\JPY]. When traders trade in the forex market, they buy and sell currency pairs.

https://preview.redd.it/gpd2izmb5u5a1.png?width=940&format=png&auto=webp&s=1a7dc846f9ccf36623ab7f982dc7e16b9034c852

These are impossible returns. A friend asked me the other day aggressively to invest in TriumphFX or TFXI funds with such return / promised characteristics. It's not possible! Of course, in thailand, there is the Youtube star Nutty. In Malaysia, we have TriumphFX or their spin offs EOB.

With a total daily average turnover that is reported to be higher than $6 trillion, the foreign exchange market (Forex) exchange is one of the most popular online platforms for trading Forex anywhere in the world. The foreign exchange market does not have a central location or exchange, and it is open all day and night, beginning Sunday evening and continuing through Friday evening. You can learn more about the hours that the forex market is open here. As individuals, companies, and organizations conduct business across international borders and strive to profit from varying exchange rates, a wide variety of different currencies are continually being traded.
In this article, we will understand how traders trade forex online to get profit from the most traded currency pairs and how this entire market functions.

Source: Inveslo.com

Who are the key players?

The foreign currency market is largely used by central banks, commercial banks, businesses, and individual dealers. As part of your fundamental study, it is useful to comprehend how each of these market participants interacts with the foreign exchange market.
Central banks are in charge of a country’s money supply, interest rates, and currency. When central banks do something, it’s usually to keep the currency of the country stable.
Large quantities of currency are traded on the interbank market by retail banks. On behalf of huge organisations and also for their accounts, banks exchange currencies with one another.
Compared to banks and institutions, retail forex traders conduct a significantly smaller volume of transactions. Retail forex traders seek to profit from market fluctuations by utilising both technical and fundamental analysis.

What is Forex Trading?

Foreign exchange trading is sometimes referred to as forex trading and FX trading. It gives the possibility to speculate on FX market price variations. The objective of foreign exchange trading is to predict whether one currency’s value will rise or fall compared to another. Due to continuous news releases, a forex trader may meet multiple trading chances each day.
Traders use Fx trading platforms and take advantage of this by being particularly responsive to market news releases and trading depending on their perceptions of the market mood. FX is an industry word condensed from forex that is often used in place of forex. In addition, forex is an acronym for foreign exchange.

How Does Forex Trading Work?

Forex is usually traded in pairs of currencies, such as GBP/USD (sterling v US dollar). You speculate on whether the value of one country’s currency will grow or decline relative to that of another country’s currency, and you take a position accordingly. The first currency (GBP) in the GBP/USD currency pair is known as the ‘base currency,’ while the second currency (USD) is known as the ‘counter currency.
In forex trading, you wager on whether the value of the base currency will grow or decline relative to the counter currency. Therefore, with GBP/USD, if you believe that GBP would appreciate versus USD, you would purchase the currency pair. Alternatively, if you believe that GBP will decline relative to USD (or that USD will increase relative to GBP), you short-sell the currency pair.
Learn which currency pairs are the most actively traded on the forex market by reading our comprehensive guide.

How Trading is Done in the Forex Market

There are several methods to trade on the foreign exchange market, all of which adhere to the premise of buying and selling currencies concurrently using an Fx trading platform. If you feel that an FX ‘base currency’ will appreciate relative to the ‘counter currency,’ you may seek to ‘go long’ (purchase) that currency pair. If you anticipate that the reverse will occur and the market will decline, you may opt to sell the currency pair.
Historically, the forex market was traded via a forex broker. With the emergence of online trading organizations, you may take a position on forex price fluctuations using a spread betting or CFD trading account. Spread betting and CFD trading accounts both allow you to speculate on the price fluctuations of an underlying asset without really owning it. Derivative trading provides prospects for leveraged forex trading. As this may be a dangerous endeavor, forex traders often use hedging tactics to mitigate currency risk and ensuing losses.
Bottomline
Forex trading is a fast-paced and thrilling alternative, and some traders may limit their trading to this asset class alone. They may even opt to specialize in only a few specific currency pairs, devoting a significant amount of effort to comprehending the myriad economic and political aspects that influence particular currencies.
Originally Published on Medium.com
Source: https://medium.com/@nilanhassan7/what-is-forex-trading-how-do-currency-markets-work-6a1ee1dc948c

Currency pairs are good for trading. Depends on what type of trading you prefer.
There are huge amounts of currency pairs, but the most famous are majors. Growing capital explains which are the top 7 currency pairs. Let's take a look:
EUR /USD – is good for lazy intraday trading. This pair provides clear signals, but sometimes volatility is low. So on a calm day, detecting 30-50 pips is good.
GBP/USD – have right intraday volatility, and this pair like swinging. This pair will give it if you want to experience the market the whole day and catch more profit. GBP will give you more time to worry about orders than EUR, but it can give better profit.
USD/JPY and USD/CAD – are nearly the same as EUR and GBP, it’s feasible to trade them within a day and get a profit, but I usually operate these pairs for long-term trading, it gives extremely good signals on the highest time-frames.
GBP/JPY and EUJPY – are more aggressive and these pairs can give profit more quicker than majors. it’s good for scalping and volatility is higher.
EUGBP – good for those who like trading in corridors. It’s quite a lazy currency pair for intraday trading, but 20-30 pips, trading in the corridor, it gives.
Actually, all pairs are the same: the chart is the same, activity is the same, and signals are the same. For example, today's pair stay in the corridor, tomorrow it will deliver a trend; today it gives 30 pips, tomorrow 130 pips… and it happens with any pair. The dissimilarity is – the name of the pair and the price.
So choose any pair for trading, sit on it every day, trade it, and this pair will evolve into your best friend for earning money.
Read more: Top Currency Pair To Look For In Forex Trading

It is advised to start with just one currency pair and the best one for beginners is EUUSD as it has the smallest reach and there is a lot of information and analysis available on these currencies to make sound forecasts on their value.
Another option is GBP/USD which has a similar style of movements as the EUUSD as Great Britain is also part of the European Union. GBP/USD is a little more volatile that the latter as Britain is a smaller “ship” to move than the whole of Europe so a single occasion in Great Britain can trigger bigger shifts in the pair’s rate.
As you have progressed and understood how these pairs move you can try something different like USD/JPY or a cross pair EUJPY which both perform in a different way from the first two pairs – this can be a great way to broaden your experience in
different levels of volatility. But it is not obligatory to trade more than one pair – there are a lot of great traders who trade one currency all the time! Also Growing Capital explained which are the top 7 Currency pairs that are going to boom. After all currency market is not like property investments where you can make a purchase and then just let it stay until the prices come up, forex is a much more active environment where you have to keep an eye on your investments every day so it is good to be Focused.

There isn’t a single currency pair that can be chosen as the most profitable. This is because traders have unique needs and may make profits consistently while trading different pairs on brokers like Growing Capital.
Some traders enjoy the highly volatile trading environment provided by exotic pairs, while others prefer to trade in the highly liquid market conditions provided by major contenders.
Since these are widely traded by new and experienced traders, they’re often regarded as the most profitable in forex.

EUUSD

The Euro/US dollar pair is regarded as the most profitable currency pair in forex for the following reasons;

High Liquidity
Low Spreads and Commissions
Sufficient Volatility
Sufficient Fundamental Data

FBS Review: Broker, Forex, Trading - FBS Malaysia ...

Is FBS a good forex broker?

Đánh giá sàn FBS – Giao dịch Forex tại FBS có uy tín không?

#shorts #binomo #forex #binance #gateio #btc #kriptopara #coin #shibainu #trader #trading

Does that mean no Forex trading, If there will be no currencies?

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Why are there so many forex scams in Malaysia where investors believe in 10% returns per month is possible? That's rubbish.

I’m going to be upset if they make one currency, cause I’ve been working hard on this forex ish.

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Who are the key players?

What is Forex Trading?

How Does Forex Trading Work?

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Oh no. looks like another forex scam in Malaysia has ended (TriumphFX / TFXI)

Which are the major currency pairs in Forex trading?

I analyse the forex market make checking which currency is overbought or oversold. On a Macroeconomical level, it is great, really gives me a birds eye view. However, what I am struggling with is when do I know when a currency pair is about to reverse and have a big move, any ideas?

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EUUSD

https://pathunt.miloyu.com/trading-forex-binary-options-how-to-trade-currency-pairs/22349/

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