The word FOREX is the abbreviation of Foreign Exchange, the foreign exchange by banks around the world, continuously for 24 hours, 5 days a week and a half.
Forex Market is open with New Zealand and Australia (5am-2pm), followed by Asia, namely Japan, Singapore (7am-4pm), then Europe (1pm-10pm) and U.S. (8pm-4am). However, the major trading session are Tokyo, London and New York. The most active market time is when two sessions met, Tokyo-London session (4pm-5pm) and the London-New York session (8pm-1am)
With volatility price movements, Forex become most popular investment because returns on average 5% -10% per month and there is possibility to be more than 100% per month. However, Forex is high-risk investments with high potential returns.
Currency
Major currency in forex trading is USD, EUR, GBP, CHF, JPY, AUD and CAD. The major currency PAIRS are the currency pairs with the USD, for example EUR/USD, GBP/USD, USD/JPY and USD/CHF. Cross Pairs is the currency pair that is not paired with the USD, such as EUR/JPY, EUR/CHF, GBP/JPY and EUR/ BP.
Platform
As we know, Forex trading transactions is online trading. There are two types of platform that you install the software on the PC, or web-based via the Internet Browser. Eg: MetaTrader software, VT Trader and web-based.
Broker
To open a Forex account, you must open an account with a broker. These brokers typically have a separate server, and the right signals to get signal/price from banks, and then displayed on the trading platform. Examples broker: InstaTrader, FXCM, IKOFX, CMSFX, InterbankFX, etc.. There is another type of broker: ECN Broker. With ECN broker, signals that we see in the platform is a direct signal from the bank and not from the server, the broker will not have issues like anti-scalping, stop-hunting and so on.
Forex Market is open with New Zealand and Australia (5am-2pm), followed by Asia, namely Japan, Singapore (7am-4pm), then Europe (1pm-10pm) and U.S. (8pm-4am). However, the major trading session are Tokyo, London and New York. The most active market time is when two sessions met, Tokyo-London session (4pm-5pm) and the London-New York session (8pm-1am)
With volatility price movements, Forex become most popular investment because returns on average 5% -10% per month and there is possibility to be more than 100% per month. However, Forex is high-risk investments with high potential returns.
Currency
Major currency in forex trading is USD, EUR, GBP, CHF, JPY, AUD and CAD. The major currency PAIRS are the currency pairs with the USD, for example EUR/USD, GBP/USD, USD/JPY and USD/CHF. Cross Pairs is the currency pair that is not paired with the USD, such as EUR/JPY, EUR/CHF, GBP/JPY and EUR/ BP.
Platform
As we know, Forex trading transactions is online trading. There are two types of platform that you install the software on the PC, or web-based via the Internet Browser. Eg: MetaTrader software, VT Trader and web-based.
Broker
To open a Forex account, you must open an account with a broker. These brokers typically have a separate server, and the right signals to get signal/price from banks, and then displayed on the trading platform. Examples broker: InstaTrader, FXCM, IKOFX, CMSFX, InterbankFX, etc.. There is another type of broker: ECN Broker. With ECN broker, signals that we see in the platform is a direct signal from the bank and not from the server, the broker will not have issues like anti-scalping, stop-hunting and so on.
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