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Lesson1 400x250 1

Unlock the secrets of successful trading with our comprehensive FREE Trading Course designed for traders of all levels. Learn proven strategies, risk management techniques, and market analysis tools to elevate your trading game. Start today and gain the skills to trade confidently in any market!

Lesson1 400x250 1

Lesson 1: Quick Introduction

The secret to being successful from a trading perspective is to have an indefinite and tireless thirst for information and knowledge.

Forex trading, the abbreviation for “Foreign Exchange Market”, occurs when one currency is exchanged for another one. Think about when you have to take a trip from Europe to America; of course, you will have to change your money from Euros to Dollars, and at that moment, you also become part of the world Forex market, a market considered the largest in the world. When we read EUR / USD, at that moment, we are trying to figure out in the future how many dollars will be worth 1 €. The beauty of Forex? The market is open 24h / 24h five days a week. All you need is a computer or phone and an internet connection to join it. Now that you understand what Forex is about, it is essential to understand who participates in this “famous game”. • Banks: They are the most prominent players. They make up 50% of all the transactions. Those are called interbank transactions, consisting of bank and financial institution transactions. • Investment Funds: Investment funds are the second biggest bettors as they have large amounts of money available. They take care of collecting their customers’ savings and managing them intelligently. • Companies: Companies play another fundamental role; think of a company that produces cars in one country, is based in another country and ultimately sells those cars in a third country. How many exchanges have been made • Central Banks: Central banks are also significant; think of the ECB or the Federal Reserve to imagine the magnitude of their business volumes. • Small Traders and Investors: This category includes all of us who trade from their private studios or their simple homes. No matter how much money you have in your trading account, as you can imagine, our influence in the Forex market is not overly significant.

“The secret to being successful from a trading perspective is to have an indefinite and tireless thirst for information and knowledge.”

Paul Tudor Jones

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