What you will learn with our Forex trading classes
- How to analyze the global market and choose the right currency pairs for your trading objectives.
- Learn to track and capitalize on market moves even if you don’t have access to complete research on underlying market conditions.
- Understand the difference between Forex and equities trading and how to use both in harmony.
Online Trading Academy offers Forex Trading online and classroom workshops, as well as weeklong courses to traders of all levels. Learn Forex trading using the latest tools and software, and make predictions based on careful training from the pros.
Learning Forex: About the Forex Trading Market
The foreign exchange market is the virtual location where global currencies are traded. Though the total volume ebbs and flows, the Bank for International Settlements reported that the forex market trades in excess of $4.9 trillion U.S. per day. This makes it the largest electronic market, essentially dwarfing the stock market.
What is Currency Trading?
Trading currencies is the act of making predictions based on minuscule variations in the global economy and buying and selling accordingly. The exchange rate between two currencies is the rate at which one currency will be exchanged for another. Forex traders use available data to analyze currencies and countries like you would companies, thereby using economic forecasts to gain an idea of the currency’s true value.
The Benefits of Forex Trading
Unlike stocks, forex trades have low, if any, commissions and fees. Even so, new forex traders are always advised to take a conservative approach and use orders, like stop-loss, to minimize losses. High leverage, which should be prudently applied, gives traders the opportunity to achieve dramatic results with far less capital than necessary for other markets. Forex trading requires training and strategy, but can be a profitable field for individuals looking for a lower risk endeavor. Learning currency trading gives traders a range of exciting new opportunities to invest in.
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