What is a Forex Market?● Forex Market is a place where traders buy and sell currencies.● Currencies like : USD, EUR, CAD ● Almost 4 billion dollars of currency traded each day .

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How to Start Trading Forex?#Step 1The first step is to learn about Forex trading.Both technical and fundamental analysis are used by professional traders to trade Forex successfully.

#Step 2 The second thing is to practice your knowledge using a Forex demo account for at least six months.[Just google “ Forex Demo account” you will find multiple broker’s websites thatprovide it]

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How Traders Benefit From Forex?

Traders make money from Forex markets by buying or selling currency pairs.For example:If you expect that the price of a particular currency will rise:you will buy (long position) it and vice versa (Short position).

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Why Forex and Not Stock Market?For Stocks:

● you need a significant amount of money to invest ($100 000 at least).● you are obligated to buy shares to get dividends as a benefit or to speculate them.● Stock Market need Solid experience.● Weak liquidity and volatility.

For Forex:● You don’t need a significant amount of money to invest ($1000 is enough!).● 1 year of experience is enough.● Very liquid and volatile market.

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How Currencies Work?● The price of a currency is defined according to the currency supply and demand.● Major pairs are: EUR/USD, GBP/USD, USD/JPY, and USD/CHF.● USD is the only currency pegged to gold.● The major worldwide currency and the most liquid currency is USD.

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The importance of Risk Management● Successful Forex traders practice Risk management well.● Trading Forex without setting a Risk Management strategy is a waste of time and money.● If you apply the rules of risk management you can benefit from financial markets even if you

have a risk/reward ratio of 50%.

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Forex Market Hours

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Forex Market Center

Time Zone OpensGMT

ClosesGMT

FrankfurtGermany

Europe/Berlin 06:00 AM17-August-2015

02:00 PM17-August-2015

LondonGreat Britain

Europe/London 07:00 AM17-August-201

03:00 PM17-August-2015

New YorkUnited States

America/New_York 12:00 PM17-August-2015

08:00 PM17-August-2015

SydneyAustrailia

Australia/Sydney 10:00 PM16-August-2015

06:00 AM17-August-2015

TokyoJapan

Asia/Tokyo 11:00 PM16-August-2015

07:00 AM17-August-2015

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