The Forex market is the largest financial market in the world with a daily volume of over several trillion dollars. A large part of these transactions is done by banks and financial institutions. In this market, currencies, metals, commodities, stock indexes, and stocks of companies in the world can be bought and sold. Of course, the foreign exchange market has the largest trading volume in this market.
The market starts every week on the Sydney Stock Exchange in Australia and ends on the New York Stock Exchange in the United States, so it is open 24 hours a day, 7 days a week, except Saturdays and Sundays.
To enter the market, it is important to know the basic concepts of the market. The basic concepts of the market can be explained as follows.
What Is The Meaning Of Market?
It refers to a set of issues that are met to meet the needs of individuals in a given place and time. Forex market is a part of the world financial market that is easily accessible to traders small and large anywhere in the world. Just open an account in FAST FX and you can participate in this attractive market.
Factors Affecting The Forex Market
Many factors such as political, economic, social, cultural news, etc. can affect the market. In particular, the impact of political and economic news on the market is faster than other factors.
Important political news such as the start of the war, change of strategic relations between countries, dismissal, appointment, and selection of people in the country's management, etc.
Important economic news is also data on macroeconomic variables such as economic growth, unemployment, inflation, interest rates, Stock index, and so on.
(To get acquainted with macroeconomic variables, you can find them in the Forex vocabulary section).
Unexpected factors such as floods, earthquakes, storms, etc. can have a negative impact on the market. These analyzes are called fundamental analyses.
There is another analysis called technical analysis, which is based on a past date and event that is reflected in the price. In this analysis, the investor seeks to predict the price by using analytical tools on the price trend. It is recommended that using both analyzes at the same time can put us on the right track.
How to Buy and Sell?
To buy and sell any item of assets, it is recommended that after knowing the market flow, its impact on the item be done. For this purpose, you can use the media that cover political and economic issues. With proper analysis and understanding of the market, the market can be profitable for you. By registering with FAST FX Broker and opening an account, you can quickly enter the world market.
Recommendations
It is recommended to use a trial account before entering the market. With a trial account, you can gain relative market experience and prevent you from making mistakes in the real market.
It is recommended that you enter the market with little capital to have more control over your capital.
It is advisable not to invest your capital in just one asset issue.
It is recommended that you have studies on capital risk management.
It is recommended that you do not make emotional decisions about buying and selling.