Forex functions as a system of interbank settlements in which banks, companies engaged in international trade and all those who need to exchange one currency for any other participant. This market operates round the clock five days a week and closes only on weekends and some individual holidays.
Forex trading is available to traders with a small amount of funds and does not require long training. FIBO Group Company will help you to take your first steps in the financial markets without the risk of losing investment.
Start by registering a free demo account and installing the MetaTrader4 (MT4) trading platform. Earn money on trading currency pairs with deposits starting at $50.
The supply and demand for currency in the OTC market determines the price that suits both the seller and the buyer. Given that hundreds of billions of dollars, euros and other currencies are traded on Forex, and hundreds of thousands of buyers and sellers are participating in the trades, demand, supply, and transaction. Prices are constantly changing.
Having bought (actually exchanged) a currency at one price, after a short period it can be sold (exchanged back) at another higher price. The difference between the Purchasing price and the selling price becomes the profit of the currency of the trade.
For instance: The exchange rate of the euro against the dollar is 1.12 dollars per one euro. Having bought 100 euros for 112 dollars, the trader sells them, let's say at the rate of 1.15 dollars for one euro and gets 3 dollars of profit. It would seem that $3 is a little, but what if you didn't buy 100 euros, but 100,000, then the profit will grow 1,000 times. Also, courses change very quickly and buying - selling can take place literally in a few minutes, several times a day. As a rule, during the day the changes are not so large and do not amount to tenths, but hundredths and ten-thousandths of a dollar.
When you choose a forex broker, you must first evaluate his experience and experience in the market. FIBO Group Company has been providing services in the Forex market for more than 20 years and has established itself as an experienced and reliable broker.
It is also necessary to evaluate the volume of services provided, which include a line of trading accounts, trading conditions, the speed of order execution and the size of spreads. FIBO Group Company offers customers 6 types of trading accounts, from which you can choose the most suitable option for your trading strategy, as well as free demo accounts. The minimum deposit is from $0, the maximum leverage is 1000, low spreads starting from 0 pips, deep liquidity and the speed of order execution is less than one millisecond.
To check the quality of services provided by FIBO Group Company, open a free demo account or MT4 Cent. Extremely important for evaluating a broker is the easy and quick deposit and withdrawal of funds from a trading account, the availability of various payment systems that flexibly take into account all the needs of customers, with minimal fees for making a payment. FIBO Group Company customers can replenish their trading account both in traditional ways: by bank transfer or plastic card, or "electronic money" through payment systems. You can also use cryptocurrency wallets to top up your account and withdraw profits.
All operations of our clients are reliably protected, both at the legal level and by reliable encryption systems.
Finally, the most important indicator is the availability of a license from a regulatory authority. The basis of the FIBO Group's activities is the strict observance of the requirements of applicable law, as well as the requirements of national regulators. The activities of FIBO Group Company, Ltd. are regulated by the Financial Services Commission (FSC) BVI, license registration number: SIBA / L / 13/1063.
The minimum deposit to start trading on an MT4 Cent account can be arbitrarily small, literally a few cents. On another account such MT5 NDD, the minimum amount of funds when opening an account should be $1000. The rest 4 accounts such (MT4 fixed, MT4 NDD No Commission, MT4 NDD) require minimum deposit with only 50$.
For successful trading, it is necessary to leave a sufficient amount of free funds to maintain open positions in the event of an adverse change in the direction of the movement of the currency pair. Currency pairs.
Two currencies in which the value of one is determined relative to the other - make up a currency pair. In fact, this is a mathematical division operation in which X is divided by Y (X / Y), resulting in their ratio. The "numerator" and "Denominator" in currency pairs cannot be swapped, for example, there is only a pair of EUR / USD, and there is no pair USD / EUR. The ratio of two currencies expresses the number that is displayed in the trading system, usually with an accuracy of four or five digits, depending on the currency pair and the type of account selected.
For example, the EUR / USD quote is 1.08755, and the much cheaper Hungarian forint against the US dollar is USD / HUF - 311.211
High technologies, artificial intelligence, and neural networks have completely changed the approach to trading. For a long time, no one has been trading on the phone, placing orders by voice, but many have already departed from "manual trading" when each application is issued personally by the trader. Their indispensable helpers were trading advisors (robots) and trading signal copying services. Thanks to them, traders can make a huge number of transactions exactly following the chosen strategy and significantly increase the profitability and reliability of trading.
Trading Advisors (robots)
Trading advisors are computer programs based on neural networks that conduct independent trading in response to changes in exchange rates of currency pairs. A robot advisor can be developed and taught to trade independently, or you can buy a ready-made robot. Their main advantage is the release of traders from routine trading and random errors.
Copy Signals
Copying signals is a relatively new trading technology in which one trader copies the transactions of another trader in an automatic mode. This allows you to quickly start making money on Forex, even without enough experience and knowledge. At the same time, you have full control over your trading account and you can stop the service at any time or use signals from several suppliers at the same time. As a rule, trading signals are generated by trading robots created by very experienced traders.
The economic calendar informs about the most important regular events that affect the dynamics of exchange rates. It displays not only the dates of these events but also gives a forecast of the impact on financial markets.
In most cases, traders take into account the predicted values in advance, adjusting the structure of their open positions, which reduces potential losses.
However, at the time of the announcement of important news, sharp and significant shifts in exchange rates can occur, which leads to increased market volatility and can cause margin calls if the trader does not have enough free funds.
Careful tracking of the economic calendar can prevent the undesirable consequences of jumps in the exchange rates of currency pairs.
Time | Country | Period | Event | Sense | Forecast | Previous |
---|---|---|---|---|---|---|
September 28, 2023 | ||||||
Day | ![]() | August | German Prelim CPI m/m | 0.3% | 0.3% | |
01:00 | ![]() | September | ANZ Business Confidence | 1.5 | -3.7 | |
01:00 | ![]() | FOMC Member Kashkari Speaks | ||||
01:30 | ![]() | August | Core Durable Goods Orders m/m | 0.4% | 0.2% | 0.4% |
01:30 | ![]() | August | Durable Goods Orders m/m | 0.2% | -0.5% | -5.6% |
01:30 | ![]() | August | Final GDP q/q | 2.2% | 2.1% | |
01:30 | ![]() | Week | Unemployment Claims | 214K | 201K | |
01:30 | ![]() | August | Final GDP Price Index q/q | 2.0% | 2.0% | |
01:30 | ![]() | July | GDP m/m | 0.1% | -0.2% | |
01:30 | ![]() | August | Core PCE Price Index m/m | 0.2% | 0.2% | |
01:30 | ![]() | Goods Trade Balance | -91.2B | -90.9B | ||
01:30 | ![]() | August | Personal Income m/m | 0.4% | 0.2% | |
01:30 | ![]() | August | Personal Spending m/m | 0.5% | 0.8% | |
01:30 | ![]() | Prelim Wholesale Inventories m/m | -0.1% | -0.2% | ||
02:00 | ![]() | August | Belgian NBB Business Climate | -14.4 | -10.3 | -14.9 |
02:00 | ![]() | August | SNB Quarterly Bulletin | |||
02:00 | ![]() | FOMC Member Goolsbee Speaks | ||||
02:00 | ![]() | ECB President Lagarde Speaks | ||||
02:00 | ![]() | August | CB Leading Index m/m | -0.3% | -0.5% | |
02:00 | ![]() | August | HPI m/m | 0.8% | 0.4% | 0.4% |
02:03 | ![]() | August | S&P/CS Composite-20 HPI y/y | 0.1% | 0.0% | -1.2% |
02:30 | ![]() | CPI y/y | 5.2% | 5.2% | 4.9% | |
02:30 | ![]() | July | Retail Sales m/m | 0.2% | 0.3% | 0.5% |
02:30 | ![]() | August | Private Sector Credit m/m | 0.3% | 0.3% | |
02:30 | ![]() | August | Manufacturing PMI | 50.2 | 49.7 | |
02:30 | ![]() | August | Non-Manufacturing PMI | 51.5 | 51.0 | |
02:45 | ![]() | August | Chicago PMI | 47.5 | 48.7 | |
02:45 | ![]() | Caixin Manufacturing PMI | 51.1 | 51.0 | ||
02:45 | ![]() | Caixin Services PMI | 52.0 | 51.8 | ||
02:59 | ![]() | August | Richmond Manufacturing Index | 5 | -6 | -7 |
03:00 | ![]() | August | Pending Home Sales m/m | -1.1% | 0.9% | |
03:00 | ![]() | August | Revised UoM Consumer Sentiment | 67.7 | 67.7 | |
03:00 | ![]() | August | Revised UoM Inflation Expectations | 3.1% | ||
03:00 | ![]() | MPC Member Cunliffe Speaks | ||||
03:00 | ![]() | January | CB Consumer Confidence | 103.0 | 105.5 | 108.7 |
03:00 | ![]() | August | New Home Sales | 675K | 699K | 739K |
03:30 | ![]() | August | Crude Oil Inventories | -2.2M | -0.7M | -2.1M |
03:30 | ![]() | August | Natural Gas Storage | 90B | 64B | |
05:00 | ![]() | Daylight Saving Time Shift | ||||
05:45 | ![]() | FOMC Member Williams Speaks | ||||
05:45 | ![]() | SNB Chairman Jordan Speaks | ||||
06:00 | ![]() | August | Consumer Confidence | 36.2 | 36.2 | |
06:00 | ![]() | August | Housing Starts y/y | -8.7% | -6.7% | |
06:00 | ![]() | FOMC Member Cook Speaks | ||||
06:00 | ![]() | BOJ Core CPI y/y | 3.3% | 3.2% | 3.3% | |
06:30 | ![]() | FOMC Member Bowman Speaks | ||||
06:35 | ![]() | BOJ Gov Ueda Speaks | ||||
07:00 | ![]() | German GfK Consumer Climate | -26.5 | -25.8 | -25.6 | |
07:00 | ![]() | August | German Import Prices m/m | 0.6% | -0.6% | |
07:00 | ![]() | August | German Retail Sales m/m | 0.5% | -0.8% | |
07:00 | ![]() | August | Current Account | -14.5B | -10.8B | |
07:00 | ![]() | August | Final GDP q/q | 0.2% | 0.2% | |
07:00 | ![]() | August | Revised Business Investment q/q | 3.2% | 3.4% | |
07:45 | ![]() | August | French Consumer Spending m/m | -0.4% | 0.3% | |
07:45 | ![]() | French Prelim CPI m/m | -0.3% | 1.0% | ||
08:00 | ![]() | Spanish Flash CPI y/y | 3.5% | 3.5% | 2.6% | |
08:00 | ![]() | August | KOF Economic Barometer | 90.6 | 91.1 | |
08:40 | ![]() | ECB President Lagarde Speaks | ||||
08:55 | ![]() | August | German Unemployment Change | 15K | 18K | |
09:00 | ![]() | January | German Ifo Business Climate | 85.7 | 85.1 | 85.8 |
09:00 | ![]() | Credit Suisse Economic Expectations | -27.6 | -38.6 | ||
09:00 | ![]() | August | M3 Money Supply y/y | -1.3% | -1.1% | -0.4% |
09:00 | ![]() | August | Private Loans y/y | 1.0% | 1.2% | 1.3% |
09:00 | ![]() | ECB Economic Bulletin | ||||
09:00 | ![]() | September | Italian 10-y Bond Auction | 4.20|1.6 | ||
09:00 | ![]() | Fed Chair Powell Speaks | ||||
09:30 | ![]() | August | M4 Money Supply m/m | 0.2% | -0.5% | |
09:30 | ![]() | August | Mortgage Approvals | 48K | 49K | |
09:30 | ![]() | August | Net Lending to Individuals m/m | 1.5B | 1.4B | |
10:00 | ![]() | Core CPI Flash Estimate y/y | 4.8% | 5.3% | ||
10:00 | ![]() | August | CPI Flash Estimate y/y | 4.5% | 5.2% | |
10:00 | ![]() | August | Italian Prelim CPI m/m | -0.1% | 0.3% | |
10:02 | ![]() | August | 10-y Bond Auction | 4.32|2.6 | 4.40|2.4 | |
10:31 | ![]() | August | German 10-y Bond Auction | 2.78|2.0 | 2.63|1.7 | |
10:45 | ![]() | August | Building Consents m/m | -5.2% | ||
11:00 | ![]() | August | CBI Realized Sales | -14 | -33 | -44 |
11:00 | ![]() | FOMC Member Kashkari Speaks | ||||
12:30 | ![]() | August | Tokyo Core CPI y/y | 2.6% | 2.8% | |
12:30 | ![]() | August | Unemployment Rate | 2.6% | 2.7% | |
12:50 | ![]() | August | Monetary Policy Meeting Minutes | |||
12:50 | ![]() | August | Prelim Industrial Production m/m | -0.7% | -1.8% | |
12:50 | ![]() | August | Retail Sales y/y | 6.6% | 6.8% | |
12:50 | ![]() | SPPI y/y | 2.1% | 1.8% | 1.7% |
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Forex trading entails purchasing one currency while simultaneously selling another to take advantage of fluctuations in exchange rates between them and profit from price changes between them. To begin your Forex learning effectively, build up an understanding of key concepts like currency pairs, exchange rates, pips spreads and market participants. This is important for beginner who want to understand the basics of Forex.
Forex trading involves closely following market movements to make informed decisions based on two forms of analysis: technical and fundamental.
Technical analysis involves studying price charts and patterns of past trades only. Whereas fundamental analysis takes into account economic indicators, news stories, geopolitical events that may influence currency valuation.
There are various online platforms offering free educational materials for beginners that can be utilized for self-study at your own convenience.
Establish a demo account being a beginner in Forex to gain practical trading experience using virtual money - this provides an invaluable opportunity to sharpen your theoretical knowledge without risking real capital. Take every practice session seriously as if it were an actual account; test different strategies, observe market reactions to news releases and refine your approach as much as possible.
How to manage your risks: Automate a stop loss system whenever predefined levels are reached to limit any potential losses and prevent unnecessary expenses.
Limit the size of your positions to avoid excessive leverage and effectively manage risk especially if you are a beginner and just learning the intricacies of the Forex market.
Leverage and Margin Trading on margin should be carefully evaluated in Forex. Leverage can help experienced traders increase profits; however, novice traders must proceed with caution when using high-leverage trades. This is especially true while you are a beginner and learning the intricacies of Forex. How use them smart from start? Before engaging in such deals, be sure to research both leverage and margin thoroughly first.
Unveil an effective Forex trading strategy by employing short and long term trading styles, tailored specifically for you. Develop one that best fits with your trading personality.
Learning Forex requires dedication, continuing education and practicing new skills that will be needed for navigating this volatile market. Beginners may not see immediate results, but consistency pays off.
Spreads, an integral component of Forex trading, refers to the difference between bid (sell) and ask (buy) prices of any particular currency pair. They may be either fixed or variable (floating), with their values often determined by market volatility and liquidity factors - for instance, more popular currency pairs with high Forex trading volume often having lower spreads compared to less actively traded counterparts.
Fixed spreads do not fluctuate based on market conditions and can be especially advantageous in volatile markets.
Variable spreads fluctuate according to changes in liquidity and volatility within an asset class: they tighten when conditions remain stable while widen in response to unexpected market events.
Variable spreads offer optimal liquidity for scalping and day trading, where small price fluctuations can be exploited for profit; fixed spreads provide more secure long-term positions.
Pip (also referred to as percentage in a pip, price percentage point or pip value) is used as a standard unit of measurement between currencies to indicate changes and assess any variances between them. One pip equals approximately 0.0001 US Dollar; however there may be exceptions such as Japanese yen pairs that display prices with two decimal places instead.
As prices move in the desired direction, any change in pip values indicates your profits or losses. For instance, buying at 1.2000 and selling at 1.2020 results in a 20-pip profit; conversely if selling at 1.1980 instead, 20 pips of losses occur instead.
Long and short positions form the cornerstone of equity, Forex and commodity trading strategies and enable traders to navigate markets effectively. Long/short positions provide insight into which direction markets may move in.
Long positions indicate an optimistic view that asset prices will appreciate over time, giving traders an opportunity to profit by buying assets at lower costs before selling them at higher values later.
Short trades involve betting that an asset's value will decrease over time. Traders employ this strategy by borrowing assets that experience price decline before selling them at market price and buying back later at reduced costs, profiting from any difference between their sale price and repurchase price.
Long positions in Forex tend to perform best in bull markets with an uptrend, while shorter ones work well when trading bear markets with a downtrend.
Fundamental analysis involves learning economic indicators to predict currency movements and uncover their underlying causes.
Beginners Guide to Fundamental Indicators: