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Chapter 9. Forex market and exchange offices
Forex trading is aimed at making money on currency speculations. We have been describing the currency market above but avoided such topics as what starting capital is needed to work on Forex and what profit can be expected. In this chapter...
Money Management
Money Management is a set of rules and specific techniques used for minimizing the risks and maximizing profit.The risk is a maximum amount of assets that will be lost until a decision about closing of an unprofitable position is made. Thus...
Price, trading volume and open interest
The price is not the only weighty factor to be considered while analyzing Forex market. Besides the currency exchange rate, its trading volume plays an important role, too.There is the postulate of the Dow Theory that tells that the trend m...
Chapter 2. Forex market participants
It is vital to understand what part a private investor plays in the global currency exchange market before starting trading forex. Giving an insight into the types of forex participants, as well as their influence on the market, will help y...
Chapter 6. Buy and sell price of currency pairs and spread
Until now, talking about quotes, we have intentionally used only spot (current) Forex exchange rates to make our website easier to understand. However, a Forex quote consists of two rates (prices) - the sell rate (bid) and the buy rate (ask...
Chapter 14. Calculation of profit and loss
We have thoroughly considered the basic terms used on Forex and the main principles of margin trading. It is the time to study how to calculate profit and loss of the opened trades. We know that a trader enters the international currency ma...
Chapter 16. Forex trading vs. stock trading
Speaking about trading in financial markets, each type requires a particular approach from market participants. Financial markets embrace equity markets, crypto markets, Forex, and different commodity markets, including the gold market. You...
Chapter 19. George Soros: The story of one trader
Like in every sphere of life, there are outstanding persons on Forex, whose names went down in history. George Soros is one of the most successful traders in the forex history. His career began from the establishment of the Quantum Fund in...
