Question by William M: How does fx trading actually work what are the driving components behind the Forex markets? – I’m a beginner?
I am a reasonably new individual to forex trading investing who’s had apply in demo accounts, and I’m asking yourself how forex trading trading really operates, i.e what are the dring forces powering the forex markets, what moves them, and so on? Please aid/advise as I am quite new to them. Many thanks.
Greatest solution:
Reply by Angie
My best advise to you — never do it. This is strictly for professionals and they do not even get it appropriate occasionally. You’re much more most likely to shed than achieve.
Give your answer to this question under!
July 13th, 2011 at 8:42 pm
Hi William,
the forex market is a global market. Many factors drive it. Global issues. Financial issues. Political issues. The main point is that sentiments drive it.
For example, if there is a major war in a country now, that country’s currency may drop due to investors fear of it’s stability.
You definitely need lots of hard work to succeed! You are welcome to visit my forex learning blog if you want to learn more.
July 13th, 2011 at 9:21 pm
Technical – Price Channels – Major Support Resistance
Fundamental Interest Rates – Market expectations price in future rises or cuts –
Economics recession etc -
Mergers – Acquisitions Cash offers for Companies in a different currency
Flights to safety, on political reactions or uncertainty of leadership (elections etc), resignations, financial crisis, acts of terrorism, wars etc.
If Bernanke resigned and you know how to play it is simple.
Good Luck keep trades small while you learn.