Forex, short for “foreign exchange,” is the global market where currencies are traded. It’s one of the largest and most liquid financial markets in the world, with a daily trading volume exceeding $6 trillion. In forex, traders buy and sell currency pairs, speculating on the value of one currency relative to another.
Currencies are traded in pairs (like EUR/USD, USD/JPY), and the market operates 24 hours a day, five days a week. Factors like interest rates, economic indicators, political events, and global news affect currency prices, making it a highly dynamic and volatile market. Forex trading can be highly profitable but also carries significant risk, so understanding market fundamentals and technical analysis is crucial for success.
Participation in the Markets
Central Banks
Influence the market by adjusting interest rates and monetary peliny, impacting currency value.
Commercial Banks and Financial Institutions
Handle large transactions on behalf of clients and also trade for profit.
Corporations
Engage in forex to hedge against currency risks or for operational needs in international business.
Retail Traders
Individuals trading for profit through online platforms.
Major Currencies
There are 8 major currencies that are traded on the market. If there's an issue with any of these currencies, it will likely have a high impact on the market.
USD (United States)
EUR (Europe)
GBP (United Kingdom)
JPY (Japan)
AUD (Australia)
CAD (Canada)
(Switzerland)
(New Zealand)
Types of Currency Pairs
Currency pairs are paired together, and Foreign Exchange (Forex) trading involves two-way trades between two countries.
Major Currency Pairs
Major currency pairs are the most widely traded pairs globally. These include:
Among these 7 major pairs, most transactions typically involve the top four, making them some of the fastest-moving currency pairs available.
Cross Currency Pairs
Cross currency pairs are pairs that do not include the USD. These pairs are not directly linked to the U.S. dollar. Examples include:
Forex Trading Education
Understand key concepts to enhance your trading experience.
TRADING SESSION
The trading sessions in the forex market vary by country, so it's essential to know the active forex trading sessions to plan your trades effectively.
Generally, the active forex trading hours occur on weekdays from 8:00 AM to 4:00 PM EST. During active forex hours, currencies are traded worldwide in major financial centers, including Sydney, Tokyo, London, and New York.
WHAT IS PIPS?
A pip is the minimum change in price movement and is a standard unit for measuring how much an exchange rate has changed.
Originally, a pip represented the smallest possible price change in forex. However, with more precise pricing methods now available, this initial definition has evolved. Traditionally, forex prices are quoted to four decimal places, and a price change in the fourth decimal place was considered a pip.
PENDING ORDERS
There are four types of pending orders:
BREAK EVEN
Break Even (BE) is a strategy used by swing or intraday traders to avoid losses by setting the Stop Loss above or below the entry price. This way, traders can feel more secure in their trades, knowing that if the price reverses, the position will not incur a loss from the entry price.
TIME FRAMES
There are several time frames you can use in trading:
For example, M1 means the price chart is displayed every 1-minute interval, so each candle on the M1 time frame represents price movement over 1 minute.
Regulations & Licenses
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About The Company
MY MAA MARKETS LTD is a leading online trading platform that provides a secure and reliable platform for individuals to trade on a variety of financial markets. Our platform is designed to be user-friendly and easy to navigate, with a range of features to help you make informed trading decisions.
We offer a wide range of trading tools and resources to help you take your trading skills to the next level. Whether you're a beginner or an experienced trader, MY MAA MARKETS LTD has something for everyone.
Our mission is to empower traders worldwide by providing access to the financial markets with transparency, reliability, and innovation. We strive to create a platform where traders of all skill levels can confidently navigate the complexities of the market and achieve their financial goals.
At MY MAA MARKETS LTD, we value security and privacy above all. Our platform is built with state-of-the-art encryption and safety protocols to ensure that your data and transactions are protected at all times. We are committed to providing a safe and trustworthy environment for all our users.
Join the MY MAA MARKETS LTD family today and experience the future of trading. With our cutting-edge platform, expert resources, and strong commitment to customer satisfaction, we’re here to help you every step of the way.
Disclaimer
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Risk Disclosure
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