About the Forex market
What is FOREX?
The international currency market FOREX (Forex, Foreign Exchange Market) is a set of operations for the purchase and sale of foreign currencies.
Where is the international currency market FOREX?
FOREX does not have a specific location for bidding. Transactions between bidders are conducted via the Internet, while one party may be in America and the other in Japan.
Who are the main participants of the foreign exchange market?
The key participants in the foreign exchange market are central and commercial banks, investment funds, brokerage companies, dealing centers, as well as individual traders.
With what it is better to begin?
Start by looking at the charts, analyzing them, carefully following the trend changes. Continually engage in self-improvement - study thematic literature. You will find everything you need on the website of the company "Ya-Hi". Adhering to this scheme, you will soon succeed. It is better to start trading on a demo account. However, many professionals are of the opinion that working on a demo account does not give a complete idea of real trading in the FOREX market, and therefore it is better to start with a small but real amount on a real trading account. So, the choice is yours. In addition, you can take part in the competitions that Ya-Hi company offers its clients. So, without risking anything, you can check your own trading strategy and get the necessary experience.
Is it necessary for a trader to speak English?
Not necessarily. The MetaTrader 4 trading platform is also available in Russian. All other necessary materials can be found in Russian on our website and on other thematic resources.
How much money do you need to start trading in the foreign exchange market?
In our company, the minimum deposit is 300 US dollars.
What is "stop loss" and "take profit"?
"Stop Loss" order (English stop loss) is an order by which the position is liquidated at the specified price automatically. This order is a tool that limits losses in situations when the market goes against the trader. "Take profit" is an order that is designed to fix profit on an open position when a financial instrument reaches a certain price. This order is a tool for the timely recording of profits - even before the market unfolds in an unfavorable for the investor side.
Where do the quotes come from and what does the term "quotation flow" mean?
Market quotes are formed on the basis of supply and demand. Bidders use Bloomberg, Electronic Broking Services (EBS) and other information agencies to obtain the necessary data.
What are Bid and Ask?
Bid is the price of demand, that is, the price at which the customer is ready to buy a certain currency. In the quotation, it is always indicated on the left. Ask is the price of the offer, that is, the price at which the client is willing to sell a certain currency. In the quotation, it is always indicated on the right.
Due to what the trader earns?
The principle of the trader in the foreign exchange market is simple. To earn, you need to buy currency cheaper, and sell more expensive, or vice versa. This is precisely the advantage of the FOREX market over other financial markets - one can earn here both on the growth of the market and on its fall.