Concept and abbreviation of Forex came from the "foreign exchange market". The Forex system itself has been formed in 1971, when instead of fixed exchange rate appeared the floating one. Thereby the Forex system became a certain market of the currency buying and selling. The currency price might fluctuate every second, subject to supply and demand, while bidders might get income due to the difference in exchange rates.
Ceaseless exchange of one currency for another is caused by many factors - from contract payment terms concluded by corporations, to provision of bank credit at beneficial interest rates.
It can be concluded that single telecommunication network of Forex has been formed due to the need of the constant exchange, which allows millions of sellers and buyers to trade round-the-clock from any point of the world.
You need to register your trading account with a Forex broker, Roboforex, for instance. After completion of registration you can start use their client software for currency buying and selling. It will take a few minutes of your time.
The foreign exchange market (Forex) is open from 22:00 GMT Sunday (opening of Australia's trading session) till 22:00 GMT Friday (closing of the trading session in the U.S.).
The trades on the foreign exchange market are held with leverage asset and conditioned by two factors - risk and earnings yield. The greater the risk is (in our case the leverage amount), on the higher income the trader counts on. Decrease of the potential risk is possible by setting of leverage amount, as well as by means of protective stop-orders installation.
Although some retail dealers trade exotic currencies such as the Thai baht or the Czech koruna, the majority trade the seven most liquid currency pairs in the world, which are the four "majors":
and the three commodity pairs:
These currency pairs, along with their various combinations (such as EUR/JPY, GBP/JPY and EUR/GBP), account for more than 95% of all speculative trading in FX.
There are various economic and political factors that influence on fluctuations in the rate of exchange, the most significant among them are political situation, rate of inflation and interest rate decisions.
In addition, at times the government might interfere in trade activity on the Forex market in order to influence upon national currency rate, opening, for instance, the trading orders for currency buying for the purpose of currency appreciation, or vice-versa, launching on the market a significant amount of exchange, for currency devaluation. This process is called a central bank intervention.
Each of the factors above, as well as the major market orders, have an influence upon change in exchange rates. The amounts of trades and quantity of participants are so large no matter what, that no one, even the most significant participant, including the states governments, unable to keep wholly in check the market events.
The problem might have been caused by the following reasons:
Make sure that you get e-mails from other destinations, in other words, check if your mail service works properly.
If problem persists, try to register your account using another e-mail address (preferably on another server).
You can trade more efficiently if you know which currency pairs are in the spotlight at one time or another. Timing plays an important role when trading.
Many beginners believe, that the Forex market should be monitored round-the-clock, as the market works 24 hours a day. This belief is wrong, as during the session the active periods occur, as well as the passive ones. So it is enough to determine time when a specified period comes and to make profitable trades during the active period only, as the Forex market participants live in completely different time zones.
In order to elaborate a successful trading strategy, the changes of market activity on different currency should be taken into consideration, subject to different time zones. It allows to maximize trade opportunities during the hours, in which you trade.
The special time indicator must be used, that automatically determines the sessions schedule relative to your time zone.
The Forex market traders operate with information and take decisions, relying on economic indicators and technical analysis indicators.
The traders who prefer technical analysis, use graphics, diagrams, levels of support and resistance as well as trend lines, without forgetting about mathematical calculations for trade opportunities determination.
The followers of fundamental analysis try to forecast exchange rate, analyzing the economic data: news, government statistics, various reports, and even rumors.
The central bank raising of interest rate, election results or outbreak of a war are the factors that influence upon sharp price hikes. Fairly often not the fact itself or event influence upon change of exchange rates, but itself waiting for an event.