What is forex ?

What is forex?

We have known so far that the field in which we will work is trading or buying and selling one currency in exchange for another.
How do you make a profit?? Make a profit when the prices of those currencies change. If you  bought the euro, for example, for 1 dollar, and its price increased and became 1 dollar and fifteen cents,  you get the difference as a profit.

But this requires a rather large capital to make a high profit, right?
No, it will not require a high capital from you, because we work with these companies with the margin system, which allows you to work with 100 times your capital  ..!!
What do you say 100 times my capital, why??? and how???? And what do they benefit?
This type of work is called  margin

It is the largest financial stock exchange in the world at all  ..!!

Here, trading takes place between hundreds of banks over the phone or via the Internet  .
But what is being bought and sold in this market?
The main currencies that are traded are: the US dollar, the euro, the  pound sterling, the Japanese yen, the Swiss franc, in addition to all the  currencies of the world  .

Where the currency of one country is bought and sold in exchange for paying the currency of another country  .
For example , the US dollar is bought by paying the single European currency  (the Euro), or vice versa, i.e. the euro is bought by paying the US dollar in return  .
Or buying the US dollar by paying the Japanese yen, or vice versa  .
Or buy the US dollar by paying the pound sterling, or vice versa  .
Or buying the US dollar by paying the Swiss franc against it, or vice versa  .
Or buying any currency and paying for it another currency as a price for it  .

Currency trading provides an irreplaceable opportunity to obtain huge profits and very quickly that cannot be obtained in any other field of investment  .

This moment may be a defining moment in your working life..!!

We will start together in the international currency exchange
Why work in the currency market?
As I learned, there are many types of commodities that can be traded, such as stocks, basic commodities, bonds, and many others, and each type of these commodities has its own stock exchange where one chooses one or some of these types to trade with.
There are many reasons that make trading in the currency market better than trading in other types of markets, and the most important of these reasons are
:
Work throughout the day
in direct exchange exchanges. The work takes place for a limited period every day, as the exchange opens in the morning and closes in the evening.
For example: if you want to trade in the shares of American companies, you cannot buy and sell except when the New York Stock Exchange opens its doors at around 9 am (EST) until 4 pm at the same time.
This means that you are restricted to this time to monitor the market, which requires full-time, and this applies to all other stock exchanges, each according to the timing of the country to which it belongs.
If you work in an Arab country and want to trade shares on the New York Stock Exchange, you are restricted to work between 4 pm to 11 pm, which coincides with the opening timing of the New York Stock Exchange for most Arab countries.
Such a difference in working times causes many problems and difficulties in the long run.
As for the currency exchange, and because there is no specific central place, and because the operations are carried out by computer networks, the work of the currency exchange does not stop throughout the 24 hours…except on the last two days of the week (Saturday and Sunday)..!!
Banks and financial institutions open their doors in Japan at 12:00 GMT (8:00 AM Japanese time), so buying and selling operations begin. Japanese institutions do not close until 9:00 AM GMT (5:00 PM Japanese time)…
But the work will not stop because as soon as Japanese institutions close Asian institutions, the most important of which are in Tokyo, Hong Kong and Singapore, so that the European institutions, the most important of which are in London, Frankfurt and Paris, have opened their doors. Australia and New Zealand are in circulation, and before the latter closes its doors, Japanese institutions have begun a new day in work..!!
Thus, according to the timing of each country, you will have continuous dealings throughout 24 hours.
Except for Saturday and Sunday..because they are holidays in all countries.
When American institutions close their doors on Friday at approximately 10 pm GMT, it will be Saturday morning in Australia and New Zealand, which is a holiday, as you know, so work stops until Sunday evening at 10 pm GMT, when it will be Monday morning in Australia and New Zealand, and the ball will return to the following week. day behind. In each country and according to its timing until the end of the following week..and so on.
Of course, you will not deal with all these institutions in all these countries separately, but you will deal with the brokerage company, which in turn will connect you with all other institutions around the world.
What we are interested in knowing here, is that work in the currency market continues 24 hours a week, and this gives you the opportunity to choose the time that suits you to work without fear of “coming late.” In the currency market, you cannot come late, because work continues throughout the day And because the opportunities are many and around the clock.