What is FOREX
Free money has two main objectives - to maximize profitability while maintaining appropriate reliability. In general, speculation in the foreign exchange and stock markets is difficult to attribute to reliable assets, but they provide the highest yield of all legal types of operations. If cash is not invested, then they tend to disappear over time, so either you work with money or say goodbye to them forever.
Today, the global currency market FOREX (Foreign Exchange Market - FOREX) is one of the most profitable areas of capital investment. FOREX is not a “market” in the traditional sense of the word. It does not have a specific trading place, such as the stock exchange. Trading takes place by telephone and computer terminals at the same time in hundreds of banks around the world. Because Almost every time zone (Sydney, Tokyo, Hong Kong, Frankfurt, London, New York, etc.) has dealers who want to buy or sell currency, the foreign exchange market is open 24 hours a day, and currency exchange does not stop at throughout the work week. There are three main methods for analyzing financial and commodity markets: fundamental analysis, technical analysis and an intuitive approach to analysis. Fundamental analysis examines price movements at a macroeconomic level. It can contribute to the determination of the main market trend (the trend is the main direction of the market price dynamics), however, to determine a specific moment of a transaction, fundamental analysis is often not enough. Technical analysis is used in this area. Technical analysis is based on the following hypothesis - market prices are a reflection of the desires and actions of all market participants. As a result, both price and volume reflect every transaction made by an army of thousands of traders. In technical analysis, a number of indicators are used, which help to predict the price movement in the future. An intuitive approach to analysis is confessed by a small number of traders and, as a rule, does not lead to long-term success. An example of a technical analysis of the British pound (MetaTrader 4):
Today, the global currency market FOREX (Foreign Exchange Market - FOREX) is one of the most profitable areas of capital investment. FOREX is not a “market” in the traditional sense of the word. It does not have a specific trading place, such as the stock exchange. Trading takes place by telephone and computer terminals at the same time in hundreds of banks around the world. Because Almost every time zone (Sydney, Tokyo, Hong Kong, Frankfurt, London, New York, etc.) has dealers who want to buy or sell currency, the foreign exchange market is open 24 hours a day, and currency exchange does not stop at throughout the work week. There are three main methods for analyzing financial and commodity markets: fundamental analysis, technical analysis and an intuitive approach to analysis. Fundamental analysis examines price movements at a macroeconomic level. It can contribute to the determination of the main market trend (the trend is the main direction of the market price dynamics), however, to determine a specific moment of a transaction, fundamental analysis is often not enough. Technical analysis is used in this area. Technical analysis is based on the following hypothesis - market prices are a reflection of the desires and actions of all market participants. As a result, both price and volume reflect every transaction made by an army of thousands of traders. In technical analysis, a number of indicators are used, which help to predict the price movement in the future. An intuitive approach to analysis is confessed by a small number of traders and, as a rule, does not lead to long-term success. An example of a technical analysis of the British pound (MetaTrader 4):
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Source: https://habr.com/ru/post/9326/
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