78. An Overview of the Forex Market

http://www.informedtrades.com/
The first lesson in our new free video forex trading course which introduces the main aspects that differentiate the forex market from the equities and the futures markets.

Category:

Howto & Style

Tags:

• forex
• forextrading
• currency
• trading
• fx
• daytrading
• day
• trade
• plan
• stockmarket
• investing
• finance
• business

[pauper101]

hey david,

i really appreciate your work in these videos.

Your education really made me chance my perception on the financial markets as i am in the process of completeting my trading system.

I have one question to ask you. You said in this video that the FOREX is open 24hours, do u mean 24/7 or 24hrs from Mon-Fri?

cuz i opened a demo accnt on FXCM at right now is 11:45pm Sydney on 11/7/08 (Saturday Night) and it seems like its closed?!?

tHanks heaps

[InformedTrades]

Hey Pauper101,  Thanks for the comment and for watching I am glad you like the videos. Since the forex market is over the counter it technically never closes however most trading platforms close somewhere around 4pm NY Time on Friday and Reopen around 5pm on Sunday. Those are the times that FXCM opens and closes as well. The reason for this is that the banks in all the major markets are closed during this time so there is not much trading going on. Best Regards,Dave

[InformedTrades]

my pleasure pauper101 thanks for watching.

Best Regards,

Dave

[pjblabla]

Hi Dave,

(I am new to trading & finance in general)

Few questions on this Forex video

1. why & how does high liquidity prevent slippages & manipulation?

2. Is it possible to go Long on one currency in a pair & at the same time go Short on the other currency (it would cancel any gains, but I just wanted to know if its allowed)

thanks Dave

[InformedTrades]

Hi pjblabla, Thanks for the comment. The greater the amount of a financial instrument that is traded the more likely there is to be enough of that instrument at the price which you are trading at which reduces slippage. Also the greater the amount of a financial instrument that is traded the harder it is for any one person or entity to move the market making it harder to manipulate. When you go long one currency in a pair you are automatically going short the second currency pair. Best, Dave

[InformedTrades]

Below is my best shot at an explanation which fits within the word count limit here on Youtube. If you have further questions I encourage you to post them in the ask/answer question section of the InformedTrades homepage where I am unrestricted in terms of the length of my reply. Best Regards, Dave

[BookonForexTrading]

Nice video.  Good forex education.

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[andrespereyda]

i'm glad you number these

[freeSCALPINGindicato]

Brilliant! Happy SCALPING everyone

[traidingforexmoney]

i m looking for for forex, thanks for the information