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Places where you can find paid work are called exchanges. They are the most diverse:
1. Ordinary, where some work is offered in its traditional sense: the employer gives the opportunity to earn, the performer performs some functional duties and receives money for it.
2. And they are not quite ordinary, like the Forex exchange, where not everyone can earn money. Most of the people who ask simply lose their capital there.
Why is Forex trading not suitable for everyone?
• Because trading is a highly specific occupation, not all people know how to trade well.
• Not everyone knows how to handle currency; even simply being able to recalculate the exchange rate is far from everyone's power.
To become a good broker in the foreign exchange market, even acquired knowledge is not enough, as, for example, when mastering other professions. By reading books intended for copywriters, it becomes immediately clear how rewriting differs from copywriting, how to write articles correctly, and other nuances necessary for successful work become clear.
But, having read Forex books, theoretical knowledge alone is not enough to start a successful business. Good practice, a fine natural instinct, the ability and desire to work with currency and other instruments of trade practiced in this market are necessary. Or you can get support from a reliable team of professionals forex robo with many years of work experience.
Forex Trading
The Forex exchange is often called the currency (financial) interbank market. It was formed in the seventies of the last century, when the era of fixed, stable currency rates came to an end, and states switched to using free, floating currency rates in international trade. The main condition is that the ratio between the rates suits both interacting parties when exchanging or concluding other deals.
The Forex market is very different from the usual market in that it does not have a specific place for trading, it works around the clock for a week. Currency and other financial operations carried out on Forex exchanges are an incredibly complex and specific activity. This financial dealing can only be done by highly qualified specialists, who are called dealers. Dealers trade in any bank in the world or in several at once through bank terminals, by phone, and recently trade through websites on the Internet has been expanding.
But becoming such a specialist is a chance for all those who wish. Various training manuals, Forex books, courses, webinars and other forms of training here are not just desirable, but mandatory for those who don't just want to try trading, but want to become a successful trader and turn the stock market game into a source of constant income.
The main types of dealer operations:
• Spot — delivery is carried out the next day after the transaction is completed.
• Forward — the delivery term is indefinite, from a small number of days to several years.
• Currency futures and options — the delivery term is set directly by the exchange, based on its own rules.
Currency speculation is considered margin trading. They are not subject to SEC control. The main values (the amount of the margin, the size of the credit "leverage") are established by mutual agreement between the traders and the bank (or broker), with the help of which the client enters the market.
Forex trading differs in that currency prices are subject to continuous fluctuations, they change several times during the day, being in continuous motion. It is not easy for an inexperienced trader to determine (predict) the direction of currency price changes. You can't make a mistake when shopping: buy currencies whose prices will rise, sell currencies when their prices fall. Transactions must be made in such a way as to always make a profit.
Forex books introduce the theory, but in practice everything is much more complicated. Many factors affect trade:
• economic and trade indicators,
• policy of the Central Bank of different countries,
• accounting rates,
• time of day,
• various reasons affecting quotations,
• and many other factors.
It is necessary to truly possess flair and talent in order to become a successful trader. Challenge yourself, become the best of the best! Earn fabulous sums on the Forex market!
