Report: What is Forex

What is Forex
by DC

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Report: What is Forex

Writing Issues
5 Clarity
5 Passive voice misuse

Unique Words 47%

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Rare Words 36%

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Report: What is Forex

What is Forex
Many have heard about the possibilities of quite large earnings in Forex, but not
everyone clearly understands what the market is and how exactly you can make
money on it.

The concept of the FOREX market

Forex is an international global market. Currencies act as a commodity here.
The very name FOReign EXchange in translation means "foreign exchange". It is
quite acceptable to compare this market with an exchange of ce, where one
monetary unit is bought (or sold) for another.
Forex provides an opportunity to gain pro t from exchange rate differences.
1
The rate is generally understood as a unit of one currency, expressed in units of
another. If the demand for any of the currencies falls, it becomes cheaper.
Therefore, another currency unit begins to be in excellent order, and its price
increases. You can make money both on falling prices and on their growth.

Distinctive features of the Forex market

Forex prices formed through an agreement between bidders based on the
supply and demand for a particular currency.
Such are the most important features of Forex:

• Functionality. The original purpose of the creation - currency exchange.

Market relations allow to carry it out at rates favourable for participants.
Subsequently, traders began to use Forex for earning.
• Lack of precise geographical reference to any local exchange platform. It
allows anyone to carry out trading operations 24 hours a day from
2
anywhere in the world with the Internet. Trading is performed with the

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Report: What is Forex

help of a particular program installed on a computer or other personal

devices.
• Variety of market participants: majorities (central banks, large
commercial and investment organizations), various trading rms,
ordinary traders.

Forex exchange from a trader's position

The scheme of trading on the international currency market can be brie y
3
described as follows. A trader, using a particular program (often the Metatrader
platform), observes the charts of traded assets. After analyzing and making a
decision to buy or sell, he submits a command to open a trading position. The
4
team goes to the server of the broker, on whose website the trader is registered
.
The broker, using information from liquidity providers, immediately gives the
client the current result of this position on his trading terminal. Depending on
the circumstances, a trade can be pro table or unpro table. Subsequently,
watching the price of an asset, a trader decides on the time of closing the
transaction. It can be done either manually, or more conveniently -
automatically by placing an order to limit pro ts and possible losses in
advance.

Geography of the currency market

Unlike stock and commodity exchanges, Forex has no speci c trading platform.
Regional foreign exchange markets serve as working platforms for banking
operations. The most important of them are the US, Asian and European
5
markets. Interaction of platforms is carried out using the newest information
technologies.

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Report: What is Forex

Trading is carried out via the Internet or by phone. And it can be done 24 hours a
day.

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 Report: What is Forex

1. is generally understood Passive Voice Misuse Clarity

2. is performed Passive Voice Misuse Clarity

3. be brie y described Passive Voice Misuse Clarity

4. is registered Passive Voice Misuse Clarity

5. is carried Passive Voice Misuse Clarity

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