I am very confused about Forex

[pdsofty]

When I searched on google about what is forex I got information that "trading in currency pairs forex"
But my questions is that if trade in US stocks/indices then what is it? Is it also forex?
Is trading in only currency pairs is forex trading?

 

[stoch]

When I searched on google about what is forex I got information that "trading in currency pairs forex"
But my questions is that if trade in US stocks/indices then what is it? Is it also forex?
Is trading in only currency pairs is forex trading?

Forex means foreign exchange and mostly involves exchange rates of currency rates. Stocks are traded on stock exchange indices are traded as ETF shares also on the stock market (since buying ETF means you buy share of a company which built portfolio of shares included in the index).

Retail forex is based on CFD contracts - i.e. contract where parties doesn't exchange notional amount only cash equal to difference between 'spot price end' - 'spot price start' multiplied by lot size. Also you can trade currency futures or options these are exchange traded products while CFD are OTC market contract.

 

[Hulu Girl]

There are plenty of websites, books, and other resources you can take advantage of to learn more about Forex trading. You may learn over time that nothing is more important than experience, and experience is the best teacher if you want to learn Forex trading.

 

[pdsofty]

Forex means foreign exchange and mostly involves exchange rates of currency rates. Stocks are traded on stock exchange indices are traded as ETF shares also on the stock market (since buying ETF means you buy share of a company which built portfolio of shares included in the index).

Retail forex is based on CFD contracts - i.e. contract where parties doesn't exchange notional amount only cash equal to difference between 'spot price end' - 'spot price start' multiplied by lot size. Also you can trade currency futures or options these are exchange traded products while CFD are OTC market contract.

Thanks. this is helpful for me.

 

[billi]

There are plenty of websites, books, and other resources you can take advantage of to learn more about Forex trading. You may learn over time that nothing is more important than experience, and experience is the best teacher if you want to learn Forex trading.

Agreed and here these forums can also be helpful in learning about forex trading.

 

[Abhinav Bose]

There are plenty of websites, books, and other resources you can take advantage of to learn more about Forex trading. You may learn over time that nothing is more important than experience, and experience is the best teacher if you want to learn Forex trading.

You can also prefer taking some trading courses.

 

[Nisha Khanna]

In forex trading, trading psychology plays a vital role. Consider reading books on trading psychology like Trading in Zone by Mark Douglas.

 

[billi]

You can also prefer taking some trading courses.

As a passionate developing trader we can see if we can find some good mentor to give us some of their expert advises.

 

[Koloss]

Forex means foreign exchange and mostly involves exchange rates of currency rates. Stocks are traded on stock exchange indices are traded as ETF shares also on the stock market (since buying ETF means you buy share of a company which built portfolio of shares included in the index).

Retail forex is based on CFD contracts - i.e. contract where parties doesn't exchange notional amount only cash equal to difference between 'spot price end' - 'spot price start' multiplied by lot size. Also you can trade currency futures or options these are exchange traded products while CFD are OTC market contract.

Really good explanation. Because so many hear about forex trading other assets that are traded are often lumped in which can be very confusing for beginners.

 

[KingEURUSD]

You can also prefer taking some trading courses.

This is bad advice for a newbie. Everyone needs a beginner's money and doesn't give a damn about the quality of trading education.
My advice for a beginner: 2-3 years to move independently, and only after that determine the need for further training.