A Forex trading strategy

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J
……… ………. USDTOZAR.COM……………
Author Siwele Aldrin Tinyiko
A SIMPLE WAY TO UNDERSTAND THE FOREIGN
EXCHANGE MARKET

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Contents
Page content
3. Foreign Exchange Market
4. What is Forex Trading?
6. What is a Demo Forex Account?
7. What is a Live Forex Account?
8. Where is the Forex Market Located?
9. Forex trading Platforms
 Web-trader
 Meta trader
10. Can I make profit with trading?
11. Is Forex trading legit?
12. Contacts

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Foreign Exchange Market
The Foreign Exchange Market includes the worldwide Interbank or Inter-dealer trading
system that influences utilization of floating exchange rates between different countries'
currencies. The Foreign Exchange Market is the most world’s hugest financial market, most
people don't know about this market.
Sources have previously revealed that it would almost cost the New York Stock Exchange
three to four months of trading to equal trading during one day of the Forex market. This
market is having about $5 to $ 6 trillion traded every day.
In this market currencies are purchased and sold by different participants and it is the same
market that conducts Forex trading.

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What is Forex Trading
Forex Trading is the trading of major, minor or cross currencies performed by different
participants in the market.
Major Currencies
These are currencies that have a high rate of volatility within the market and are most
traded against the USD.
 USD – (USD)
 EURO – (EUR)
 POUND STERLING (GBP)
 ASTRALIAN DOLLAR - (AUD)
 JAPANESE YEN - (JPY)
 CANADIAN DOLLAR - (CAD)
 SWISS FRANC - (CHF)
Minor Currencies
All other countries’ currencies that have no much volatility in the market, this type of
currencies are traded by the minority of traders and can be traded against each other, and
when they are traded against each other they are then called cross currencies.
 ANGOLAN KWANZA (AOA)
 ARGENTINE PERSO (ARS)
 ARMENIAN DRAM (AMD)
 BAHAMIAN DOLLAR (BSD)
 BAHRAINI DINAR (BHD)
 BANGLADESHI TAKA (BDT)
 BARBADOS DOLLAR (BBD)
 BOTSWANA PULA (BWP)
 BRAZILIAN REAL (BRL)
 BULGARIAN LEVI (BGN
 CFA FRANC CENTRAL (XAF)
 CFA FRANC WEST (XAF)
 CAMBODIAN RIEL (KHR)
 CHILIAN PESO (CLP)
 CHINESE RENMINBI (CNY)
 COLOMBIAN PESO (COP)
 CRUETIAN KUNA (HRK)
 CZECH KORUNA (CZK)
 DANISH KRONE (DKK)
 DOMINICAN PESO (DOP)
 EAST CARIBBIAN DOLLAR
(XCD)
 EGYPTIAN POUND (EGP)
 ETHIOPIAN BIRR (ETB)
 FIJI DOLLAR (FGD)
 FRENCH PACIFIC FRANCS
(FPF)
 GHANAIAN CEDI (GHS)
 GUATEMALAN QUETSAL
(GTQ)
 HONDURAN LEMPIRA (HNL)
 HONG KONG DOLLAR (HKD)
 HUNGARIAN FORINT (HUF)
 ICELANDIC KRONA (ISK)
 INDIAN RUPEE (INR)
 INDONISIAN RUPIA (IDR)
 IRANIAN RIAL (IRR)
 IRAQI DINAR (IQD)
 ISRAELI SHEKEL (ILS)
 JAMAICAN DOLLAR (JMD)
 JORDANIAN DINAR (JOD)
 KAZAKHSTAN TENGE (KZT)
 KENYAN SHILLING (KES)
 KOREAN WON (KPW)
 KUWAITI DINARI (KWD)
 LAO KIP (LAK)
 LEBANESE POUND (LPB)
 MACEDONIAN DENAR
(MKD)

 MALAYSIAN RINGGIT (MYR)
 MAURITIAN RUPEE (MUR)
 MEXICAN PESO (MXN)
 MOROCCAN DIRHAM (MAD)
 MYANMAR KYAT (MMK
 NAMIBIAN DOLLAR (NAD)
 NETHERLANDS ANTILLIAN
GUILDER (NAG)
 NEW TAIWAN DOLLAR
 NEW ZEALAN DOLLAR
(NZD)
 NIGERIAN NAIRA (NGN)
 NOWERGIAN KRONE (NOK)
 OMANI RIAL (OMR)
 PAKISTANI RUPEE (PKR)
 PANAMANIAN BALBOA
 PAPUA NEW GUINEAN KINA
(PGK)
 PARAGUAYAN GUARANI
(PYG)
 PERUVIAN NUEV SOL (PEN)
 PHILLIPPINE PESO (PHP)
 POLISH ZLOTY (PLN)
 QUATARI RIYAL (QAR)
 ROMANINIAN LEO (RON)
 RUSHIAN ROUBLE (RUB

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Market Participants
 Governments Institutions
 Individual and Businesses
 Small and large financial companies
 Investors
 Banks
 Forex Traders and Brokers
 SAUDI RIYAL (SAR)
 SERBIAN DINAR (RSD)
 SEYCHELLOISE RUPEE (SCR)
 SINGAPORE DOLLAR (SGD)
 SOUTH AFRICAN RAND (ZAR)
 SRI LANKA RUPEE (LKR)
 SWEDISH KRONA (SEK)
 TAJISTIKANI SOMONI (TJS)
 TANZANIAN SHILLOING (TZS)
 THAI BAHIT (THB)
 TRINIDAT AND TOBAGO DOLLAR (TTD)
 TUNISIAN DINAR (TND)
 TURKISH LIRA (TRY)
 UAE DIRHAM (AED)
 UKRAINIAN HRYVINIA (UAH)
 URUGUAYAN PESO (UYU)
 UZBEKISTAN SOM (UZS)
 VENEZUELAN BOLIVAR FUERTE (VEF)
 VIETNAMESE DONG (VND)
 ZAMBIAN KWATCHA ( ZMW)


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What is Demo Forex Account?
REASONS FOR USING A FOREX DEMO
 To get proper trading skills
 To understand the market
 To develop a relationship with your broker
 To familiarize yourself with the Forex jargon's
 To understand the Forex Trading Platform
 To create your winning strategy
DEMO FOREX TRADING PLATFORM
 Real - time currency prices.
 By clicking on the price, you are placing your order.
 Our platform offers free real-time extracts from your account, Forex news and charts.
 Market Reports on major currency pairs.
signals with real-time BUY and SELL trade alerts and include "when and where" to enter the
market with Entry Point, Stop and Take Profit Targets.
 Forex Market Strategies based on technical and fundamental analysis.
 Techniques and ways to trade from charts and automatic
 Trade with Expert Advisers (MT4 EA) and Automated Managed Account
 Other advantages: Online Forex Courses & Free How to use A.F.M’s Platform Demonstration in
real time.
 Learn to trade real-time Forex with professional Forex traders.
 The instructions on accessing and password will be sent to your email. Remember that it will
only be for 30 days.

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What is a Live Forex Account?
HOW TO OPEN A REAL ACCOUNT?
 Register an account with a registered broker
 Deposit the stated minimum amount
 Use a Forex demo account first
 Real account can be open online
BENEFIT FOR USING A REAL ACCOUNT
 To get real or live trading opportunities
 To understand the market in real time
 To develop a long lasting relationship with your broker
 To learn the trading platforms in real time
REAL FOREX TRADING ACCOUNT
With our real Forex account you will be required to deposit a minimum
amount of $200 or less, this amount differs from broker to broker, some brokers
require you to deposit a little bit more of what we have just mentioned but the main
fact with the amount is that you are depositing the money in your trading account.

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Where is the Forex Market Located?
The majority of individual inquire, "where is the Forex Market located?". In true perspective
there is usually no central location for currency trading to take place since people can still
trade online or electronically. In reference to this the word, "Market" might be a bit
misleading.
Banks that process transactions for larger companies and governments do the biggest
chunk of Forex trading. The aforementioned institutions provide exchange rates in the
broader market on a continuous basis. The most recent quote is generally seen as the
current pricing for the currency. However there is a place for trading stocks and commodities
which happen in the following cities:
 City of Johannesburg - This is located in South Africa
 City of London - This is located in United Kingdom and is the biggest in
trading than all
 City of Tokyo - This is located in Japan and it is most well known in the world
 City of Hong Kong - This is located in China
 City of Singapore - This is located in Southern Asia
 City of Frankfurter - This is located in Germany
 City of New York - This is located in the United States of America
 City of Wellington - This is located in New Zealand
 City of Sydney - This is located in Australia

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Forex Platforms
Meta Trader
The Meta trader trading platform was developed as a (Meta trade 4 or MT4) around
the year 2005 and later was upgraded to (Meta Trader 5 or MT 5, however there
were different versions of Meta Traders that was developed before this but we see
this two Meta Trading platforms being adopted by most Foreign Exchange Brokers
to use them on their entire trading activities.
Meta Trader is electronic software designed specifically for the online exchange
purpose between Forex Brokers and their clients. This Foreign exchange trading
platform features live streaming prices and charts. This is a market commitment to
allow Forex traders to open, close, modify and manage their online trading account
so easily.
Web-trader
The easiest method to trade is by using our lucrative, colourful web trader, every
trader can use the web trader, however it is more advisable to be mostly adopted by
novice or newbies since it is very easily to be understood as compared to the Meta
trader and other trading platforms which are more complicated by graphs.
Most traders prefer trading in a simple platforms than complicated ones, however
whether simple or difficult as long as you achieve your purpose of trading which is “to
make profit with every trade you open”.

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Can I make profit by trading?
The easy answer is "Yes" and the difficult one is "No", This depends on your skills
in analysing the market, you are the one who will determine or should we say predict
the direction of the market, the question is: will the market value appreciates or
depreciates?
Meaning that you will always have to open a trades specifying the direction of the
market movement. With all this you are the one who will have to favour one
currency when compared to the other, should your prediction be accurate then you
will accrue profit but should the market go against your assumptions then you will
suffer a loss.
The forever secret behind this is; people should be always buying very low and
selling high and the difference will be their profit. However there are some ways to
make money in Forex trading without putting money or investing anything, e.g. being
an affiliate or a referring

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Is Forex trading Legit?
Many people ask themselves whether Forex Trading is legit or illegal and also they
ask whether is truthful or it is just another scam trying to rob them their
money. Forex Trading is legit and truthfully in many countries, meaning that there
are legal regulations set for individual Forex traders and Forex Brokers.
Forex Trading or the Foreign exchange market existed long time ago, you may trace
it back to ancient times and it is here to help traders, investors, governments, banks,
firms etc., to fairly exchange currencies.
However it may depend on the country you are in, Some small developing countries
they don’t currently have regulations about Forex Trading, so trading in a country
which prohibit Forex trading makes it illegal to trade, if you do trade in secrete then
the question lies in this, which bank will you use to deposit and withdraw your funds?
Or do you need to go to trade currencies to other countries which allow or permit
Forex Trading? However the choice is yours. It is advisable to check with your
country whether it is legitimate to trade and if it is: - then you may then explore and
make money for yourself.

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