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learn Forex - Milliva

LEARN FOREX MARKET

Foreign Exchange Market simplified as Forex Market. (Also known as FX, Spot, Currency Market).

The Market in which participants are able to Buy, Sell, Exchange and Speculate on currencies are said to be the Forex Market.

What is Trading?

Money is what Trades, it involves in Buying and Selling of one currency against some other currency.

For eg : if you think USD will go up, you can buy USD by selling Indian Rupee.

Major Currencies based on strength :

EUR : Euro (Fiber)
GBP : Great Britain Pound (Cable)
AUD : Australian Dollar (Aussie)
NZD : New Zealand Dollar (Kiwi)
USD : United States Dollar
CAD : Canadian Dollar (Loonie)
CHF : Swiss Franc (Swissie)
JPY : Japanese Yen

Currencies are Traded in Pairs

Example : USDINR, EURGBP, AUDJPY, etc. It represents value of one currency against value of other currency. For Instance,

USD / INR = Rs.65 / 1 US dollar equals to 65 Indian Rupees.

EURUSD , GBPUSD, AUDUSD, NZDUSD, USDJPY, USDCAD.

EUR/GBP, EUR/JPY, CAD/CHF, EUR/CAD.

GBP/JPY , EUR/JPY , EUR/CHF.

GBP/JPY = GBP/USD & USD/ JPY

EUR/JPY = EUR / USD & USD /JPY

EUR /CHF = EUR /USD & USD / CHF

WHO TRADES FOREX?

The Forex Market is made up of Banks, Commercial Companies, Central Banks, Investment Management Firms, Hedge Funds, and Retail Forex Brokers and Investors.

Average Daily Trading Volume

The currency market is considered to be the largest financial market in the world, processing trillions of dollars worth of transactions each day.

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Advantages of Forex

  •   Traded 24 hours for 5 days in a week
  •   Most liquid Financial Market
  •   Easily Acessible
  •   No Commissions
  •   No Contract
  •   No one can corner the Market
  •   High leverage
  •   No fixed lot size
  •   User friendly tools and software to trade the market
  •   Free demo accounts
statistics FX Markets

As on 2013 statistics FX Markets move to 5.3 Trillion

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Stock Market

  •   8 hours only
  •   Less Liquid Financial market
  •   Need shortcuts
  •   Commissions
  •   Contract
  •   One can corner the Market
  •   Low Leverage
  •   Fixed lot size only
  •   Complicated Software

FOREX TERMINOLOGY

What is Pip?

Pip stands for "percentage in point" and is the smallest increment of trade in FX. In the FX market, prices are quoted to the fourth decimal point.

Example : EURUSD market price 1.16500

What is Spread?

The difference between the bid and ask price of the currency pair.

Example : EURUSD Bid price: 1.16500 Ask price: 1.16521

Here spread of EURUSD 2.1

What is Volume (Lot)?

A lot represents the standardized quantity of a financial instrument as set out by an exchange or similar regulatory body.

In Forex lot represents by Standard lot (1.0),

Mini lot (0.10),Micro lot (0.01)

What is Leverage (Exposure)?

The use of various financial instruments or borrowed capital, such as margin, to increase the potential return of an investment.

Example: 1:100, 1:200, 1:500

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Milliva Forex
TRADING PLATFORM

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How can you make Money in Forex?

Currency pair USD/JPY USD/JPY EUR/USD EUR/USD
Lot Size 0.1 1 0.1 1
Value of Pip 1.0 10 1.0 10
Actual Margin 10000 100000 11650 116500
Margin(with leverage 1:200) 50 500 58.25 582.5
Margin(with leverage 1:500) 20 200 23.3 233

MARKET TRADING SESSIONS

Trading Sessions
SYDNEY SESSION 03:30 AM TO 11:30 AM
TOKYO SESSION 04:30 AM TO 12:30 PM
LONDON SESSION 11:30 AM TO 07:30 PM
NEWYORK SESSION 05:30 PM TO 01:30 AM
Milliva Trading Tools
FOREX TOOLS

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TRADING METHODS

Technical Analysis

It is a method where traders look at the charts to analyze the market movement based on historical charts. Candle sticks and candle stick patterns are the most important component of technical analysis.

FUNDAMENTAL ANALYSIS

In simple words, Fundamental Analysis is the study of economical indicators of any country. For e-g.: GDP, Inflation, Employment rate, Trade balance, Political stability, Supply and Demand etc.

Fundamental analysis will generally have medium to long term targets andthis is mostly used by investors rather than traders. Hence the analysis by itself can be time consuming.

Trading Methods

CENTRAL BANK CURRENT INTEREST RATE

FED [ Federal Fund Rate] - AMERICA - 2.000%

RBA [ Australian Central Bank ] - AUSTRALIA - 1.500%

BOE [ Bank of England ] - GREAT BRITAIN - 0.500%

BOC [ Bank of Canada ] - CANADA - 1.500%

ECB [ European Central Bank ] - EUROPE - 0.000%

BOJ [ Bank of Japan ] - JAPAN - -0.100%

RBNZ [ Bank of New Zealand] - NEW ZEALAND- 1.750%

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SOME OF THE MARKET SENTIMENT

US DOLLAR INDEX (USDX) IT INCLUDE STOCKS LIKE

DOW JONES, NASDAQ, RUSSELL 2000, S & P 500, NIMNUS 2001

IT AFFECTS USD , EUR , JPY, GBP, CAD, CHF.

OIL MOVES AFFECT USD/CAD

Canada one of the top oil producers in the world.

Export 3 Million Barrels of oil and Petroleum products per day to UNITED STATES.

so OIL goes up USD/CAD goes DOWN

OIL goes down USD /CAD goes UP.

IMPORTANT ECONOMIC INDICATORS

USD

NFP [Non -Farm Payroll or Non Farm Employment Change ]

GDP [ Gross Domestic Product ]

RETAIL SALES

CPI [ Consumer Price Index ]

EUROPEAN UNION [EU].

ECB [ European Central Bank ]

GDP [ Gross Domestic Price ]

Employment Change

German IFO Business Climate Survey.

CPI [ Consumer Price Index ]

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