How Forex Trading Works

Lesson No - 2

So friends, once again I am here with Basic Forex Trading Course with our Lesson No 2 How Forex Trading Works?

As we have discussed in our first lesson that forex markets are opened 24 hours and 5 days a week.  It remains open at 5 pm EST on Sunday till 4 pm EST on Friday.  There are four major session of forex market:

1. Sydney Session
2. Tokyo Session
3. London Session
4. New York Session

Forex Market opens at 5 pm EST with Sydney Session and after two hours at 7 pm EST Tokyo session overlaps Sydney Session, at about 8 am EST London Session starts and at about 1 pm EST New York Session starts and same circle runs 24 hours. 

Forex Market has a liquidity of about 5 Trillion Dollars so it is most volatile market and have alot of opportunities for the traders to earn good profits but earning profit is not as easy as some brokers advertise.

If you are going to start forex trading you must choose your hours according to above listed hours so that you can do trading as per your desire.  Mostly of the trading is done during London and New York sessions.  Mostly traders are interested to do trades during these two sessions.  Specially initial two hours of London Session and last 4 hours of London Session which are overlapped by 3 initial hours of New York Session have alot of trades.  However Sydney and Tokyo session also have good trading opportunities but London and New York session are favorite of traders.

Forex Markets mostly work on foreign currency pairs there are 8 major pairs and some minor pairs,  Except currency Forex Markets traders in metal and bitcoins also. Following are major pairs of forex markets:

Major Pairs:

1. EUR/USD
2. USD/JPY
3. GBP/USD
4. USD/CHF

Minor Pairs:

Followings are Minor Pairs of Currency:

1. EUR/AUD
2. GBP/JPY
3. GBP/CAD
4. NZD/JPY

Forex Trading Basic Training

In this section I will, start posting valuable information and basic training about forex trading.

So Please Keep in touch and you will find valuable information about forex trading.

Lesson 1:

So friends lets start with our first lesson i.e What is Forex Trading?

Mostly friends ask following questions about forex trading:

1. What is Forex Trading?
2. How it works?
3. When Forex Trading Market opens and when it closes?
4. Is there any holiday in Forex Trading?
5. How much capital is required to start forex trading?
6. Who can start forex trading?
7. How to start forex trading?
8. Which broker is good in forex trading?
9. How to open a Forex Trading Account?
10. How to learn techniques about forex trading?

and much more, there is lengthy list of questions that are asked daily on google search about forex trading.  So today we will start a course with the name "Basic Forex Trading Course" for all beginners of forex trading so that they can get all required information and answers to all questions.

Today we will start our first lesson "What is Forex Trading"?

What is Forex Trading?

Mostly friends ask a question about forex trading that what is forex trading.  Today I will tell you a short introduction of forex trading so that you can clear your concept about forex trading.

So friends I hope all of you know about local stock exchanges like, London Stock Exchange, New York Stock Exchange, Australian Stock Exchange, New Zeeland Stock Exchange etc.  All these exchanges work on local time of that specific country mostly in day time i.e from 9am till 5pm and trading is only open for citizens of that specific country, but contrary to this Forex Trading is totally different.  Forex Trading is open 24 hours a day and 5 days a week.  Anybody can do Forex Trading, there is no restriction of citizenship of any specific country or region in Forex Trading.  However there are some specific brokers in each country and these brokers helps traders in forex trading and take their commission.

So I hope friends now you have got the answer of your question that what is Forex Trading?

For my friends from India and Pakistan are those who understand Urdu and Hindi I have shoot out a video about the Introduction of Forex Trading which is available on you tube link is give below:

Introduction of Forex Trading - Urdu / Hindi

In future I will shoot same video in English language for my friends those who don't know Urdu or Hindi.  So please Subscribe to my you tube channel so that you can get new videos about Forex Trading.