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You will learn to determine the market direction for the following hours/days. This information will help you choose the right currency pairs to trade and in which direction to trade them. Regardless of the system or strategy you use to trade the Forex market, what you’ll learn in this course will help you get better results.
We teaches using the actual Forex market so apprentice traders gain real “live-market” experience. This Hands-on learning approach affords trainees to “learn by doing” – ALMADA forex students acquire the skills knowledge and abilities beyond the rudimentary information gained from the so called comprehensive guides, forex books and lectures.
Taking advantage of these opportunities is easy with professional training. Whether you want to begin a career as a professional trader, supplement your present income or change careers. Market Traders Institute can help you become successful.
What is FOREX?
The Foreign Exchange market, also referred to as the "Forex" or "FX" market is the largest financial market in the world, with a daily average turnover of US$3.2 Trillion.
"Foreign Exchange" is the simultaneous buying of one currency and selling of another. Currencies are traded in pairs, for example Euro/US Dollar (EUR/USD) or US Dollar/Japanese Yen (USD/JPY).
There are two reasons to buy and sell currencies. About 5% of daily turnover is from companies and governments that buy or sell products and services in a foreign country or must convert profits made in foreign currencies into their domestic currency. The other 95% is trading for profit, or speculation.
For speculators, we believe the best trading opportunities are with the most commonly traded (and therefore most liquid) currencies, called "the Majors." Today, more than 85% of all daily transactions involve trading of the Majors, which include the US Dollar, Japanese Yen, Euro, British Pound, Swiss Franc, Canadian Dollar and Australian Dollar.
A true 24-hour market from Sunday 5:00 PM ET to Friday 5:00PM ET, Forex trading begins each day in Sydney, and moves around the globe as the business day begins in each financial center, first to Tokyo, London, and New York. Unlike any other financial market, investors can respond to currency fluctuations caused by economic, social and political events at the time they occur - day or night during trading hours.
The FX market is considered an Over The Counter (OTC) or 'interbank/interdealer' market, due to the fact that transactions are conducted between two counterparts over the telephone or via an electronic network. Trading is not centralized on an exchange, as with the stock and futures markets.
Learn to Trade Forex is a comprehensive, training program designed to teach investors how to:
- Understand currency quoting and the factors that drive individual currency movements
- Read and analyze currency charts using advanced technical tools
- Recognize and capitalize on market trends
- Effectively utilize the leverage available in forex trading*
- Manage risk and protect open positions using stop loss and other order types**
- Anticipate and react to major economic events impacting global currencies
- Employ sound money management techniques in an attempt to maximize gains and keep losses to a minimum.
