Foreign Exchange Trading

CHAPTER 1 ? CO ? ? ? PY ? Appreciate the characteristics that set forex apart from other ?nancial markets. Assess who the solid market players are, and how they may affect coin prices. Decide whether foreign exchange trading is right for you. Know what to expect from this book. RI interpret the basic facts and history of the global foreign exchange market. GH aft(prenominal) reading this chapter, you will be able to: TE 1 D MA Introduction to remote Exchange Trading TE RI AL I n t r o d u c t i o n t o F o r e i g n E x c h a n g e Tr a d i n g c opposed exchange trading is essentially about trading money. there are several reasons why people and institutions would want to work money. The two primary reasons are currency conversion and supposal. currency conversion is simply the changing of money from one currency to another for the primary purpose of purchasing goods, services, or assets from a foreign country. For an American company to buy British goods, for example, would rent the conversion of U.S. dollars to British pounds.

This book will focus only on foreign exchange trading for speculative purposes, or trading money with the explicit goal of making money. This speculation process is very similar to trading in extractions or futures. The goal, whether on a long-term or short-term basis, is to substantiate pro?ts from price changes. Just as a stock like Microsoft will move up and down in price, currencies will also move up and down in price. The real trick is to be on the right fount of the move, and to reap pro?ts in return for assuming the fortune of taking the trade. Of course, there are many important shipway in which trading foreign exchange is completely polar from trading stocks or futures, but the primary objective is the same. If a trader buys shares in Microsoft, for instance, the hope is that the value of the shares will go up and the trader will earn pro?ts. In the same vein, if a trader... If you want to get a upright essay, order it on our website: Orderessay

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