[Paul75]

How does forex market work? Please share details about each step performed in forex market.

[Paul75]

I am still awaiting for replies. I hope, experienced member will assist me.

[maory82]

We can see the forex market movement with chart,
forex market open 24 hours in 5 days,
that's give us a flexible time to trading in forex.
Some broker give market analysis,
which very useful to our trading activity.

[sahayat]

The Forex market, like other securities markets, negotiates prices using a bid/ask system. A seller states an asking price and a buyer makes a bid. For wholesalers (banks, governments, and large hedge funds) the "spread" between bid and ask is usually only 1 or 2 pips. Retail brokers mark the spread up 3 to 20 pips and keep the spread as their fee instead of charging a commission like stockbrokers. The Forex trader tries to anticipate which way the currency exchange rate will move and "goes long" if she thinks a currency's value will rise against another currency. He "goes short" if he thinks it will fall. When Forex traders guess right and the change exceeds the spread, they make money.

Join us with a trusted broker.

[Paul75]

Thanks maory82 and sahayat for your contribution. Can anyone share a good website to know complete info about it?

[Devid Jones]

Forex market is based on the conversion of rates between two respective currencies, it is important for us to know the features of such investment as sometimes we loss money due to misconceptions.

[Shawnmichal]

Same question is asked by someone at ehow.com. I hope, it will be useful for you so I am going to share it with you. How FOREX Trading Works | eHow.com

[adamsmith]

You can read about the Forex market from online blogs or sites. Where you can easily understand the "how market work"

Best Regards,
Gurleen SIngh

[UMOFX IB]

Originally Posted by Paul75

How does forex market work? Please share details about each step performed in forex market.

forex market works in this way that trader buy or sell currency pairs on given prices. If market moves to wards their side they earn profit other wise they had a loss. They have to analyze market before putting an order. In forex we can get profit on both sides ,high or low .When sell lower move give profit and buy positions are profitable if market goes higher.

[uncle gober]

The foreign exchange market (Forex, FX, or currency market) is a global decentralized financial market for trading currencies. Financial centers around the world function as anchors of trading between a wide range of different types of buyers and sellers around the clock. The Forex market determines the relative values of different currencies. Forex market has been referred to as the market closest to the ideal of perfect competition, notwithstanding currency intervention by central banks.

Read here for more...