This is Tesco Trade Forex mini-course designed to teach you in a non-boring way the basics of the Forex market and Forex trading. I know you can find this
information elsewhere on the web, but let's face it; most of it is scattered and dry to read. Tesco Trade will try to make this tutorial as fun as possible
so you can learn and have a good time with Forex trading. Once you have completed this course and its services, you will have a solid understanding of the
Forex market and Forex trading, and then you will be ready to profit by taking good steps towards real-world Forex trading.
It should be noted that the Forex market does not have a central marketplace; instead, trading is said to be' over - the-counter'; it is not like stocks
where there is a central marketplace with all orders being processed as the NYSE. Forex is a product quoted by all major banks, and not all banks are going
to have exactly the same price.Now the broker platforms are taking all the theses feeds from the various banks and the quotes we see from our broker are an
It's the broker that transacts the trade effectively and takes the other side of it...they're making the market for you. Your broker sells it to you when
you buy a currency pair, not' another trader.' Forex trading as it relates to retail traders (like you and I) is speculation about one currency's price
compared to another.For instance, if you think the euro will rise against the U.S. dollar, you can buy the low EURUSD currency pair and then (hopefully)
sell it at a higher price for profit. Of course, you'll be in a losing position if you buy the euro against the dollar (EURUSD) and the U.S. dollar
strengthens. So, knowing the risk involved in trading Forex, and not just the reward, is important.
Why Invest in Forex & Binary Option?
The Forex market is essentially where banks, businesses, governments, investors, and traders come to exchange currencies and speculate. Often known as the'
Fx market,'' Currency market,'' Foreign exchange currency market' or' Foreign currency market,' the Forex market is the world's largest and most liquid
market with an average daily turnover of $3.98 trillion.The Fx market is open 24 hours a day, 5 days a week, with the world's largest trading hubs in
London, New York, Tokyo, Zurich, Frankfurt, Hong Kong, Singapore, Paris and Sydney.