The name Forex Trading is none that we have all heard. Most of the times, we are lost wondering exactly what it means. But more often than not, it is known that there is a money and profit element involved in it.
What is forex trading exactly?
Forex trading as the name hints is a form of trading, that is, doing business, selling and buying in order to make profits. It is basically a market place where people exchange different currencies. However, one of its unique aspects is that it does not have a physical market place. If you are asking yourself why there is a need to exchange foreign currencies, the answer is pretty simple. Business around the globe is always going on and hence there is the inevitable need to harmonize the currencies for that purpose. Suppose you go to a foreign country and there is really this item you want to purchase, only to find it impossible to because the currency you have is unknown to those people? Very annoying indeed. Thanks to forex trading you can tour the world all you want and get to buy anything you like in the proper currency.
Characteristics of forex trading
- It is very large- it is said to probably be the largest market today in the world. This is associated to the constant need to exchange currencies in order to trade and do business.
- It is liquid- this is solemnly because the exchange rates are always changing. It is hard to predict it unless you are an expert who has been trading for several years like Ezekiel Chew.
- It has the largest trading value annually, even over the stock market.
- It does not have a central marketplace. This is because forex trading is one electronically Over the Counter (OTC) and hence the transactions are computer generated through a network around the globe.
- There is no opening and closing hours in this market. It is open 24 hours a day, which makes it very active.
History of forex trading
Everything has a reason as to why it came into existence or how it started. You may wonder how the whole world had a pressing need for the exchange of currency. Back in the 18th century, specifically in 1875, the gold standard monetary system was established. It was the major step toward the development of forex trading. Countries used to attach their currencies to be equal to a given ounce of gold, which became the first standardized way of currency exchange.
World War I and II shake the gold monetary system, because some countries, especially in Europe, did not have enough gold to exchange and they were printing money to complete the military projects. This was not good for them.
It was not until the year 1944 that the Bretton Woods System was put in place in USA. It led to the formation of fixed exchange rates and eventually, the US dollar replaced the gold standard. It was the only currency that would be backed by gold. Over, it was short lived because in 1971 the U.S. decided not to exchange gold for its dollars held in foreign reserves.
In 1976, the floating foreign exchange rate was introduced and it was widely received worldwide. It has developed ever since, to what we know today.
How to start in forex trading
This is a very profitable market that anyone willing to can join and make big money. I would strongly recommend you to visit the Asia forex mentor on its website (http://www.asiaforexmentor.com/). This is a very professional site with an experienced forex trader and mentor. Ezekiel Chew trades millions of dollars and he has been in the business for so long that nothing is new to him.
What does the Asia forex mentor teach?
It is pretty obvious that if you are new to the market, you are not conversant with its environment and its changes. Asia forex mentor will help you understand forex trading in depth and appreciate each and every aspect of the market. The team of experts will share with you the How’s and the Why’s of trading successfully which they have accomplished for the past more than 14 years. They will help you realize that it is indeed possible to trade successfully in the business
What does the course entail?
Asia forex mentor has a combined module of what Ezekiel Chew has been through as a forex trader. The reality of the market is explained from its advantages to disadvantages. He will share with you what most experts may not be readily willing to share, including the price he has paid for some common mistakes in the market for the many years he has traded.
Further, the course takes into account the price action use by banks and institutions, which is the trend nowadays. It will help you understand it better. Forex trading strategies are also explained as well as the entire forex trading system. You will learn how the mentor has traded through the system and made huge profits constantly, which is why you want to enter the market.
You will be taught the whole truth about the practical forex trading course, which will equip you with the skills and knowledge to overcome the challenges. You will also be warned on how to avoid using robots or other untrustworthy alert signals which are sold elsewhere. This will surely make you wiser as you go through the jargon.
Specialized courses taught by the Asia forex mentor
In summary, the course list includes:-
- All price action materials
- Forex trading strategies & system developed by the mentor over many years.
- Money management
- Risk management
- Trading Psychology
- How to trail your profits and let it run
- How to remove your emotions in trading
- How to cut your losses
- A simple formula to learn and understand the market
- The Asian Mentor’s 5 Super A trades inside
- The Road to Millions Formula that has never been revealed before.
Can I take an online course?
The Asia Mentor has an online course that is accessible to people from every corner of the world. They have a unique physical Home study Program. All you need to do is email them your details and you will be taken through it smoothly.
Now you know where to go if you want to start out on forex trading. In fact, the market is always changing and even if you are an experienced trader, the Asia Forex mentor will help you learn how to maximize your profits, he is a keen person ready and willing to help his students excel in forex trading. Visit them today and book your classes with them for the coming year. You need to hurry because the seats are limited and the demand is quite high. You will learn from the best.