Validus Webinar Session-Part 1

  In the past week, ValidUS had its first set of webinar sessions conducted on specific days by different expert professionals. Mentor Dimona had conducted a webinar on 2nd September at 6 PM via Zoom call meeting. Here is a summary based on her webinar session.


 The first steps in the forex financial world are full of specific terminology. Forex is also known as the foreign exchange market. The market where one currency is traded against another. Some market participants exchange foreign currency for their own, like multinational corporations who must pay wages and other expenses in different nations. However, a large part of the market is simply currency traders who make money on movements in exchange rates, just like stock traders speculate the price changes for stocks.  The forex market is by far the biggest and most popular financial market in the world traded globally by a large number of individuals, organizations, and institutions. Its average daily trading volume exceeds 6.6 trillion US dollars. It's a 24-hour market that's open from Monday morning in Australia until Friday afternoon in the US. There are no commission fees, no government fees, no exchange fees and no brokerage fees.


Most forex brokers earn money from the spread. There is no middleman between the trader and the broker; therefore, the trader has the liberty to trade online without having to go through a central exchange sale which saves time and additional fee leverage giving traders the power to control much larger total contract volume than their initial deposit. Generally, traders get to trade for as much as 500 times their level, so if the user wants to have exposure, for example, of 12000, you have to deposit only 25 dollars. This makes it all together great. There is free practice. Most online forex brokers offer free demo accounts to build your skills and practice trading along with real-time forex news and charting services such as MetaTrader 4 or 5. This way, the users can get a feel for trading without risks.




When to trade Forex?


It's true that the forex market is open around the clock; it doesn't mean that the user should be trading every single minute of the day. Forex trading can be classified into three main trading sessions Asian, European and American. The Asian trading session from 10 PM to 7 AM London time usually in this session exchange rates tend to range a lot having short-term fluctuations resulting in breakouts later in the day. In this session, you will notice fair-wise trading such as dollar to yen and euro to yen.



At 6 am, the European session starts because about 30% of all forex transactions come from London. The users can see a lot of movement in the European session. Most of the currency pairs volatility then quietens down in the middle of this session at around 10 am. When traders are taking a break and waiting for the New York session to start, when European traders are getting back from their lunch, New York traders start coming into their offices. As the first half of the US station overlaps with the European session, the American session is from 12 PM to 8 PM. The market has the most liquidity at this time, at around 3 PM. You can often see rates start to race as London traders close their positions to avoid overnight surprises. After 3 PM, the market quietens down again until the Asian session opens.



To know more, view the whole webinar at,


 https://youtu.be/N71H1bKW4lo



Stay tuned for more updates!!!! 


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