Forex Trading App (Download Free APK)

1.7

The foreign exchange market is where currencies are traded. Currencies are important to most people around the world, whether they realize it or not, because currencies need to be exchanged in order to conduct foreign trade and business. If you are living in the U.S. and want to buy cheese from France, either you or the company that you buy the cheese from has to pay the French for the cheese in euros (EUR). This means that the U.S. importer would have to exchange the equivalent value of U.S. dollars (USD) into euros. The same goes for traveling. A French tourist in Egypt can't pay in euros to see the pyramids because it's not the locally accepted currency. As such, the tourist has to exchange the euros for the local currency, in this case the Egyptian pound, at the current exchange rate.
forex-trading-app.png Download APK
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Developer
rnamobile
Version
1.7
Updated
May 3, 2020
Requirements
4.0.3 and up
Size
13M
Get it on
Google Play

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Description

The foreign exchange market is where currencies are traded. Currencies are important to most people around the world, whether they realize it or not, because currencies need to be exchanged in order to conduct foreign trade and business. If you are living in the U.S. and want to buy cheese from France, either you or the company that you buy the cheese from has to pay the French for the cheese in euros (EUR). This means that the U.S. importer would have to exchange the equivalent value of U.S. dollars (USD) into euros. The same goes for traveling. A French tourist in Egypt can’t pay in euros to see the pyramids because it’s not the locally accepted currency. As such, the tourist has to exchange the euros for the local currency, in this case the Egyptian pound, at the current exchange rate.

One unique aspect of this international market is that there is no central marketplace for foreign exchange. Rather, currency trading is conducted electronically over-the-counter (OTC), which means that all transactions occur via computer networks between traders around the world, rather than on one centralized exchange. The market is open 24 hours a day, five and a half days a week, and currencies are traded worldwide in the major financial centers of London, New York, Tokyo, Zurich, Frankfurt, Hong Kong, Singapore, Paris and Sydney—across almost every time zone. This means that when the trading day in the U.S. ends, the Forex market begins anew in Tokyo and Hong Kong. As such, the forex market can be extremely active any time of the day, with price quotes changing constantly.

Forex Trading Beginner’s Guide capabilities:-
1. Forex Trading Beginners Guide – CHAPTER 1-12
2. Learn Forex Trading – CHAPTER 1-8
3. Ultimate Trading Strategy – CHAPTER 1-5
4. Forex Trading For Beginner : 3 profitable Strategies 2020
5. Top 20 Forex Trading Tips You Should Know
6. Forex Trading Tips 20 Things You Need To Know To Be Successful Trader
7. Tips For Forex Trading Beginners
8. Forex Predictions : How To Predict The Forex Market
9. Forex Strategies Based On Trading Order Types
10. How To Trade Stocks In A Recession
11. 6 tips to become a successful trader
12. Algorithmic Trading Strategies – The Complete Guide
13. Currency Pair
14. Quote Currency
# Live Forex Signals
# Trading view
# Info

KEY TAKEAWAYS

✔ The foreign exchange (also known as FX or forex) market is a global marketplace for
exchanging national currencies against one another.

✔ Because of the worldwide reach of trade, commerce, and finance, forex markets tend to
be the largest and most liquid asset markets in the world.

✔ Currencies trade against each other as exchange rate pairs. For example, EUR/USD.
Forex markets exist as spot (cash) markets as well as derivatives markets offering
forwards, futures, options, and currency swaps.

✔ Market participants use Forex to hedge against international currency and interest rate
risk, to speculate on geopolitical events, and to diversify portfolios, among several other
reasons.

Feedback:-
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What's new

- Bugs Fixed
- Added New Info

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