Welcome to your first lesson in our Free Forex Course. We hope that you find it interesting, informative and helpful to your trading future. In this first lesson, you will learn about all the basic information regarding the Forex market. The next lessons will cover more detailed technical terms and contexts and also some trading ideas.
In any kind of business, from selling used cars to trading the Forex market, it is important to understand every aspect of the market, from the very essentials to the most complex issues that affect it.
Suppose that you were to adventure into the used cars business, would you just buy a car lot and try to sell them without any planning? Your answer is certainly no. What would you do then? You will probably want to do some research on the market in which you are about to venture: Who are my possible clients? What are the strategies and prices of competitors? What are the pros and cons of investment in car business? And etc…
The same goes for Forex trading. There are many businessmen and merchants, who in the process of investment, recieve a margin call (MC) without being aware what kind of leverage was being used when the MC happened and some other traders without even knowing what a margin call is! (If you are not familiar with these terms, don’t worry about it, we will go through them in the following lesson).
In this lesson, we will analyze every aspect of Forex trading, from how it was formed, the main participants, advantages and disadvantages of trading the Forex market, how the Forex market compares to futures and equity markets and all concepts related to Forex trading.
This Lesson is structured as follows:
Section 1: The Forex market - In this section, we will answer important questions such as: What is the Forex market? When did the Forex market start? What is traded in the Forex market? Where is the physical location of the Forex market?
Section 2: Benefits of the Forex market - We compare the Forex market with other financial markets and see what makes the Forex market so attractive.
Section 3: Main Forex Participants - We analyze who participates in the Forex market and what is their part in it.
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