Hafizzat Rusli | Professional Trader and Businessman

Traders in the foreign exchange market use different kinds of charts to see the values of currencies. With the help of the charts, the traders can analyze the FX market and make their decisions. The charts have 2 coordinates which are: 1.         The time on the horizontal axis 2.         Price and tick volume or just one of them on the vertical axis. The charts are made with the help of the following data: 1.         Open Price: It is the price that is created when the trading period is just beginning. 2.         Close Price: It is the price that is created when the trading period ends. 3.         High Price: The highest point that the price reaches during the trading period. 4.         Low Price: The lowest point that the price reaches during the trading period. Note : Trading period is defined as the time which helps in building the charts. It is also called Time Frame.   The Different Charts in Forex Trading Тick Chart In the tick chart, you can se

Forex trade market is the fastest developing markets in the financial world. There are various participants taking part in forex trade, and if you are a trader, you need to know about all of the players in the game. This information can be very helpful for aspiring traders. It can give you a basic perspective of the channels through which you can invest in the market and protect yourself from losses. The Participants of the Foreign Exchange Market 4 operations are happening in the foreign exchange market: speculation, hedging, trading and regulating. The commercial and central banks are cover the greatest percentage of the forex market as its participants. The remaining area is covered by individual traders, big corporations doing foreign economic activities, brokers, dealing centers, and investment and hedge funds. Read more to know more about each participant. 1. The Commercial Banks The commercial banks take care of the major volume of trading. The commercial

Forex trading is getting popular day by day. Many people from different age groups are trying to grow their small investments into fortunes through it. It is easy to be a forex trader as it does not require a very big amount of investment and neither some kind qualification. There are also various channels through which you can start forex trading. This post will give you the basic information on some of the popularly used channels to enter the foreign exchange market. Introduction to the Forex Market Trading in the forex market is done by various individuals, businesses, and financial institutes. These participants trade currencies to earn some profit. With a large number of individual traders, central banks, banks, forex brokers, etc. the flow of income per day in the forex market is around $5 trillion. According to these figures, the foreign exchange market is bigger than the equity and futures markets combined. Further, we shall discuss the different channels of sta