Forex Trading involves trading currencies from different nations against each other. Forex Malaysia, an inter-bank market, was established in 1971 after global trade switched from fixed exchange rates and floating ones. This is a group of transactions that involves the exchange of specific amounts of money from one nation for another at an agreed rate. Exchange rates are determined by supply/demand, which is the rate at which one currency can be exchanged for another currency. Both parties must agree on this exchange rate.
Forex is the financial game that BULLS and BEARS play.
These are the Major Currency Pairs:
EUR/USD
GBP/USD
USD/JPY
USD/CHF
USD/CAD
AUD/USD
These are the top 6 Forex Markets.
What are Forex Signals and how do they work?
Forex signals can be used to tell you when it is a good time for you to buy or sell a currency pair. These signals give you an overview of the Forex market without the need to constantly monitor Forex trends. Forex trading is a possible part-time occupation if you are self-employed. Forex trading is not something you can do all day. Forex signals can be sent to you by professional Forex traders throughout the day. This will give you an insight into what is happening in the market. You can also receive signals and place orders for buy or sale.
Forex signals are basically “suggested buy and/or sell points” with price targets or stop-loss levels. These signals are delivered by fx signal service providers to traders. They can be sent by email, instant messaging, cellphone, live currency trade systems or direct to your Forex signals metatrader on your computer.
Forex trading is risky. It takes time to learn the art of Forex trading signals. There are many forex signal providers. However, before you make a decision, it is important to do your research. Ask for the free signal delivery within 3 to 5 days. Then, test them in your Demo Account.