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.
Although the minimum lot size on the interbank market is 100,000 units of currency (for example, dollars or euros), with the help of intermediaries: forex brokers, almost anyone can accept in trades.
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.
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.
Use the tag cloud to find out the meanings of the most popular terms used in trading in financial markets, including forex.
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.
|May 27, 2020|
|00:00||May||BOC Gov Poloz Speaks|
|00:00||RBNZ Financial Stability Report|
|02:00||RBNZ Gov Orr Speaks|
|04:00||RBNZ Gov Orr Speaks|
|04:30||Construction Work Done q/q||-1.0%||-1.5%||-2.9%|
|10:30||ECB President Lagarde Speaks|
|11:00||Credit Suisse Economic Expectations||31.3||12.7|
|17:00||April||Richmond Manufacturing Index||-40||-53|
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