5/26/20161 FOREX TRADING SEMINAR. 5/26/20162 CURRENCY PAIRS FIVE MAJOR CURRENCY US DOLLAR -USD EURO – EUR JAPANESE YEN BRITISH POUND SWISS FRANC CURRENCIES.

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Presentation transcript:

5/26/20161 FOREX TRADING SEMINAR

5/26/20162 CURRENCY PAIRS FIVE MAJOR CURRENCY US DOLLAR -USD EURO – EUR JAPANESE YEN BRITISH POUND SWISS FRANC CURRENCIES SYMBOL USD- EUR JPY GBP CHF AUD,CAD,NZD,

5/26/20163 INTRODUCTION TO FOREX WHAT IS FOREX? Forex means FLOATING RATE OF EXCHANGE.Bcos this has to do with slight difference or fluctuations in the prices of currencies RULE OF PROFIT Traders gain the profit by ‘buy cheaper-sell higher’

5/26/20164 TRADE FORM CURRENCIES ARE TRADED IN PAIRS EUR/USD,USD/JPY,GBP/USD, USD/CHF,GBP/CHF,AUD/NZD

5/26/20165 BASIC REQUIREMENT FOR ONLINE FOREX TRADING SKILL OF HOW IT WORKS PC + INTERNET ACCESS PLAT FORM FOR ANALYSIS FOREX BROKER FXSOLUTION,MARKETIVA,NORT HFINANCE,CROWNFOREX FOREX ACCOUNT DEMO ACCOUNT FUNDING OF ACCOUNT

5/26/20166 FUNDING OPTIONS SOME BROKERS ACCEPT E- GOLD, CREDIT CARDS, WIRE TRANSFER MARKETIVA NORTHFINANCE

5/26/20167 HOW TO OPEN ACCOUNT CHOOSE BROKER FILL THE APPL FORM BROKERS REQIREMENT GOVT ISSUED PHOTO ID PASSPORT,DRIVER’S LICENSE ADDRESS VRIFCTN-UTILITY BILL SUBMIT THE APPL COLLECT FX ACCOUNT NUMBER

5/26/20168 DEFINITIONS OF BASIC TERMS BID AND ASK PRICE [SELLBASE }1.8901/{BUY COUNTER} SPREAD DIFF BTW BID AND ASKPRICE PIPS “PERCENTAGE IN POINT”AND IT IS D LAST DECM PIONT IN A QUOTE 1 PIP MOVEMENT LOTS AND LOT SIZES LEVERAGE AND MARGING