For beginners
Who is a trader and how to be traders?
Trader is a person who has their income from the speculative operations generated by the Finanzaktivbeständen (futures, options on a variety of goods, stocks, currencies of different countries). On the international currency market Forex traders make the purchase and sale transactions of different currencies. The difference of value is his profit.
Every day thousands of traders to profit from the forex market. With each day the occupation of the currency trader's popularity and prestige.
How complicated is it?
Today, anyone can become a participant in the financial markets and generate income from its various operations. You may also choose a training course (in one of our branches or complete via distance learning). After this course you can become a customer of the company FXM Financial Group and get access to financial markets.
Trader is one of the most professional of required in modern society. Trading combines the creative process, and is a science in itself. That makes this work so popular and interesting. The basics of trading are a must. Only after that anyone can achieve success, regardless of his education and his age.
To be able to review their own forces in order to ascertain the fact, you can open a demo account.
Trading (trading) is done by phone and online (from home, office, etc.). When you apply the full range of services our company FXM Financial Group, will this work for you a convenient, comfortable and independent nature of the business.
Digression "Forex History"
Forex (short for Foreign Exchange) is the real-time buying of one currency and selling another. One of the largest trading markets in the world allows the people Forex trading one currency against another, and make profit, while trying to find out who will win the monetary value compared to the other end of a certain date (eg 15 minutes after setting the investment).
Forex is seen as the largest financial market in the world, is accessible to everyone (minimum age 18 years) who want to bring a bit of stress in daily life. Forex trading at first may seem daunting, but the basics are fairly simple. To begin, remember that the first mentioned currency, the "base currency" (base currency) is called. The base currency is usually the U.S. Dollar.
The dealers will usually want to play the USD against other currencies - as, for example, against the Japanese Yen.Der American dollar is usually the base currency in the tenders. For example, this means offering USD / JPY 2.34, that a U.S. Dollar is 2.34 Japanese Yen value.
If the U.S. Dollar is the basic unit and currency supply goes up, it means that the dollar has gained in value and the other currency has weakened. If, after the designated time, the USD / JPY are now 2:50, the dollar has become stronger since he can now buy more Japanese yen. There are exceptions to this rule, like the British pound (GBP) or Euro (EUR), which in turn are the base currency when you are traded against the U.S. Dollar. In this case, the U.S. currency is the "weaker".
To sum up: when a currency goes up now, it increases the value of the base currency. A lower bid means that the base currency has weakened.
Market hours
The Forex market is open 24 hours a day, 5 days a week) (with very little market activity during the weekend. So you can act day and night.
Here you will find the market hours for four of the world's largest financial centers, listed in Eastern Standard Time (EST time zone of the U.S. east coast):
Tokyo market hours: 19:00 to 04:00 EST
New York market hours: 08:00 to 17:00 EST
London market hours: 03:00 until 12:00 noon EST
Sydney market hours: 17:00 until 02:00 EST
FXM Financial Group offers to refine your trading skills during closed or inactive markets further by trading with virtual money.
With our Back in Time Mode, you can continue to improve your trading skills, participate in contests and win prizes while (every hour of every day of every month of every year), there are FXM Financial Group will run with it based on historical data.
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