Forex Trading

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mynote8209 2025. 5. 10. 14:47

Forex (Foreign Exchange) trading is the buying and selling of world currencies on a decentralized global market.
Operates 24 hours a day, 5 days a week, across major financial centers (London, New York, Tokyo, Sydney).
Daily turnover exceeds USD 6 trillion, making it the largest financial market in the world.

Liquidity: Most liquid market, enabling easy entry and exit.
Leverage: Ability to control large positions with relatively small capital.
Flexibility: Profit potential in both rising and falling markets.
Accessibility: Low minimum deposits; just an internet connection and a trading platform.

Currency Pair: Quotation of two currencies (e.g., EUR/USD, USD/JPY).
Base & Quote: In EUR/USD, EUR is the base (you buy/sell), USD is the quote (you pay/receive).
Pip: Smallest price increment (usually 0.0001 for most pairs).
Lot Size: Standard (100,000 units), mini (10,000), micro (1,000).
Spread: Difference between bid (sell) and ask (buy) price.
Leverage & Margin: Borrowing power (e.g., 50:1) requiring only 2% margin.

Central Banks (e.g., Federal Reserve)—manage currency reserves, influence rates.
Commercial Banks & Brokers—provide liquidity and access to retail traders.
Hedge Funds & Institutions—large speculative positions, algorithmic trading.
Retail Traders—individuals trading via online platforms seeking profit.

Technical Analysis
- Charts & Indicators: Moving averages, RSI, MACD, Bollinger Bands.
- Price Patterns: Head & shoulders, double tops, flags, triangles.
- Trend Analysis: Recognizing up, down, and sideways trends.
Fundamental Analysis
- Economic Indicators: GDP, CPI (inflation), unemployment figures.
- Central Bank Policies: Interest-rate decisions, quantitative easing.
- Geopolitical Events: Elections, trade wars, natural disasters.
Sentiment Analysis
- COT Reports: Commitments of Traders data.
- Broker Positioning: Retail trader net-long vs. net-short ratios.

Scalping: Very short-term trades aiming for small pips (seconds to minutes).
Day Trading: Opening and closing positions within the same trading day.
Swing Trading: Holding positions for several days to capture medium-term moves.
Position Trading: Long-term trades held for weeks or months based on fundamentals.
Algorithmic/Automated: Using EAs (Expert Advisors) to execute pre-programmed rules.

Position Sizing: Risking a fixed percentage (e.g., 1–2%) of account per trade.
Stop-Loss Orders: Predefined exit to cap potential loss.
Take-Profit Orders: Automatic exit at targeted profit level.
Risk-Reward Ratio: Aim for at least 1:2 (risk $1 to make $2).
Diversification: Avoid over-concentration in a single currency.

Regulation: Prefer FCA, NFA, ASIC, CySEC regulated brokers.
Spreads & Commissions: Compare costs; raw-spread vs. fixed-spread accounts.
Execution Speed: Low latency for fast order fills.
Platform Features: Charting tools, one-click trading, mobile apps, VPS support.

Educate: Take courses, read books, and watch tutorials.
Demo Account: Practice risk-free trading.
Develop a Plan: Define goals, risk limits, preferred strategies.
Start Small: Transition to a live account with modest capital, then scale up.