Forex
From the contraction of the words Foreign Exchange, Forex is the nickname given to the universal exchange market, where currencies are traded against each other, exchange rates that vary continuously.

Economic Importance
This global market, which is essentially interchange is the second market of the world in terms of overall volume, behind the interest rates. It is nevertheless the most concentrated and the first for the liquidity of the most treaties, such as the euro / dollar.

To give an idea of liquidity in circulation, the daily volume of trade in 2004, 1 900 billion U.S. dollar, namely:
600 billion in spot transactions and 1 300 billion in futures almost solely in transactions over the counter, according to the three-year study of the Bank for International Settlements (BIS).

Transaction volume, were 53% between banks;
33% between a bank and a fund manager or a non-bank financial institutions;
and finally to 14% between a bank and a non-financial.
In every major bank, the operators (the traders) are the 3 × 8, though generally in different locations. A team based in Asia or Australia succeeds another located in Europe and a third located in North America, and so on.

However, despite the global nature and the release schedule between continents, a large (31% of total volume, according to the BIS) of market activity is still physically located in London.

In its latest triennial review, the BIS (Bank of International Settlements) has shown that an increasing number of individuals choose to invest in the Forex. Although they still represent a very small minority of transactions and volumes, a dedicated private investors has grown in parallel. Simply record the number of trading platform available to them on the internet as well as tools for real-time information once reserved for professional traders in the rooms. Now, the active trader of foreign exchange market can invest minimum amounts and due to the existence of leverage-trader in almost (!) Similar to those of the professional trader. Information tools in real-time broadcast news and information forex fundamental (economic indicators) and offer individuals the possibility of trading conditions in real time.

The foreign exchange market has existed in its present form, called floating exchange rate regime since March 1973 and the abandonment of fixed exchange rates of various currencies
against the dollar standard Bretton Woods in 1944.

Treated products

Spot
Cash (called spot), the main parities were processed in 2004, according to BIS:

the euro / dollar – 28%
the dollar / yen – 17%
the sterling / dollar (cable said in English) – 14%
Despite the strong development of the euro, the dollar remains the dominant center, present in 89% of transactions (37% against the euro, 20% for the yen and 17% for the pound sterling, all on a total of 200% since each transaction involves two currencies). For a non-European currency XXX, a transaction between the euro and the currency is usually split into a EUR / USD and USD / XXX.

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Consider the dangers of forex (Warning),Do not invest money that you can not afford to lose.

Have a minimum of knowledge. (Forex Training), (Books on Trading):
Getting Started on Forex without knowledge, without training comes to play at the Casino and risk losing its entire capital. Trading rules are not complex, but one should know.

Develop strategies (Trading Rules by William Delbert Gann) (Dow Theory):
Using a demo account to develop a strategy and find your own style of trading, depending on your ability to manage stress, you choose to make the trading day by engaging a larger portion of your capital over a short or swing trading for the medium and long term. Traders winners that they will provide if the market behaves in a particular way while the losers are trying to predict what the market.

Always be informed (Economic Calendar):
The economic statistics may have a strong influence on the currency markets, stay alert to figures such as the unemployment rate, decisions on interest rates, gross domestic product, industrial production price index consumption, retail sales etc. ..

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Doctors and Lawyers spend a little under 10 years educating themselves so that they are ready to hit their industry at full force. The best thing to do before starting out in any industry is to get educated and Foreign Exchange Trading is definitely no different!

Many traders who are just starting out in the industry seem to think that jumping onto an online trading platform and hitting the buy and sell button a few times will make them lump sums of cash, believe me, it really doesn’t!

The first step I took when starting to look into the Foreign Exchange Trading industry was to make sure I was a member of the biggest and best forums on the net. Make a few posts and make yourself known to people, rather than diving in there on your first day of membership and bombarding people with questions!

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Forex Trading with Robots. What do you need to know.

Following the progress of beginners using the forex robots I have decided to write a list of tips that will help them trade successfully.

#1 Understand risk management

#2 How Lot size affects risk

#3 When the Broker refers to leverage what does he really mean?

#1 Risk management.

The first rule of trading is “Don’t risk money that you cannot afford to lose” sounds simple, but people do. The next point is paper trade (use a demo account) until you are confident you have an understanding of what is happening for each trade and you are totally familiar with the settings and what they actually mean. The more you understand the better you will trade (even with a robot). The next rule you will have heard is don’t trade more that 1% of your margin per trade. That is sensible if you have a larger capital. If on the other hand you are trading with under $1000.00 that rule is not realistic. However you do not want to risk all your capital on one trade. If it goes wrong you are out of the game.

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