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who participates in forex?

  • #1
  • First Post: Mar 1, 2015 2:04pm Mar 1, 2015 2:04pm
hi everyone

just to add some info
who is really in forex game

for example if i need 1B dollar to be changed into 1B euro so i buy a company
so the back see dollar and buy euro for me in forex market (right?) but they have to reclose the poisition and buy the dollar again so what is the use of all forex ?

first Q who is in forex game and what are they doing?
do all buy and sell to make profit of price changed?

second Q can i open a position and keep that money with me and withdraw it or i have to close the position by re buy what i sell?

thanks
  • #2
  • Mar 1, 2015 5:22pm Mar 1, 2015 5:22pm
If you need 1B euro to buy a compagny chances are that someone, somewhere in the world wants 1B dollar to buy whatever, The banks/market maker job is to find those people and match them together. A bunch of people with a lot of diverging interest are in the FX market. Big corporations might need to move cash from one currency to another since they operate on a multinational level, some fund manager might want to invest in stocks in India for whatever reason. Exporters and importers need to access the FX market for obvious reasons. The banks and the market jobs is to match all those people together, to find the prices at which every buyers finds a seller. Speculator are a part of the market that facilitate that process because the banks/marker maker knows that if they do not find anyone who want your 1B dollar, they can always turn to speculators/other market makers to liquidate your positions and evecuate the risk from their book. We retail traders are sideshow to all this...


Concerning your 2nd question, the answer is no, that would be stupid, no brokers would open position on your behalf without collateral. You have to pledge cash against your positions or else the broker has no guarentee you will honour eventual losses. Some broker will allow you to have a part of your deposit in T-bills but for that you need to have a substantial amount of money to invest/deposit.
It's not about what you make, it is about what you don't lose
  • #3
  • Mar 2, 2015 1:54am Mar 2, 2015 1:54am
Quoting aceventura69
If you need 1B euro to buy a compagny chances are that someone, somewhere in the world wants 1B dollar to buy whatever, The banks/market maker job is to find those people and match them together. A bunch of people with a lot of diverging interest are in the FX market. Big corporations might need to move cash from one currency to another since they operate on a multinational level, some fund manager might want to invest in stocks in India for whatever reason. Exporters and importers need to access the FX market for obvious reasons. The banks and...

thanks for your answer
so i understand that everyone must close his position

can you or anyone else guide me to a good book,or video to understand more about forex market .... not about trading about everything else like position open process rules
and everything else

need more details about this market
for now i read a lot of books about forex but all are about trading and making money no one gave how this market work.

1-the complete idiots guide to foreign currency trading
2-forex trading for maximum profit
3-17 proven currency trading strategies
4-the fx boo tcamp guide to strategic and tactical forex trading
5-forex essentials in 15 trades
6-all about forex trading
7-introduction to technical analysis

and because of my bad English maybe one of this books that i read last year have this details but i didn't pay attention to it


and thanks again bro.
  • #4
  • Mar 2, 2015 8:11am Mar 2, 2015 8:11am
Quoting hamedmohd
{quote} thanks for your answer so i understand that everyone must close his position can you or anyone else guide me to a good book,or video to understand more about forex market .... not about trading about everything else like position open process rules and everything else need more details about this market for now i read a lot of books about forex but all are about trading and making money no one gave how this market work. 1-the complete idiots guide to foreign currency trading 2-forex trading for maximum profit 3-17 proven currency trading...
wow. you do read a lot of books. it would take more than books and internet research to know how forex works. you can ask your broker about it, if you have one. your life will be easier if you have a reliable broker that can simplify things for you. geez good thing i have a patient broker. willing to explain and answer my questions
  • #5
  • Mar 2, 2015 8:18am Mar 2, 2015 8:18am
Quoting aiemjuno
{quote} wow. you do read a lot of books. it would take more than books and internet research to know how forex works. you can ask your broker about it, if you have one. your life will be easier if you have a reliable broker that can simplify things for you. geez good thing i have a patient broker. willing to explain and answer my questions
yaam a arabic so mostly i read arabic books but there is no arabic good books about forexi will ask my broker and will wait for our expert team for a replay ☺
  • #6
  • Mar 2, 2015 8:37am Mar 2, 2015 8:37am
Quoting hamedmohd
{quote} yaam a arabic so mostly i read arabic books but there is no arabic good books about forexi will ask my broker and will wait for our expert team for a replay ☺
yes. you can always ask. at least you know the basics of forex, i assume, because you are already reading books about it. cheers to that
  • #7
  • Mar 2, 2015 5:46pm Mar 2, 2015 5:46pm
There is a book called Trading and exchanges: Market microstructure for practirioner. I have not read it and It is not FX market specific but I heard it does a great job explaining the inner workings of the markets. hope that might help.
It's not about what you make, it is about what you don't lose
  • #8
  • Mar 3, 2015 12:36am Mar 3, 2015 12:36am
Quoting aiemjuno
{quote} yes. you can always ask. at least you know the basics of forex, i assume, because you are already reading books about it. cheers to that

  • #9
  • Mar 3, 2015 12:36am Mar 3, 2015 12:36am
Quoting aceventura69
There is a book called Trading and exchanges: Market microstructure for practirioner. I have not read it and It is not FX market specific but I heard it does a great job explaining the inner workings of the markets. hope that might help.

i will look for it and see.
thanks.
  • #10
  • Mar 4, 2015 11:44pm Mar 4, 2015 11:44pm
Hello,
Hamedmohd . I think you are Arabic from your username . I've got an arabic book for forex . It's pretty old - from 2004 but it will make you understand the forex market %100 and it's very detailed and starts from the 0 . https://www.dropbox.com/s/z3slvfqp9e...1576;.doc?dl=1
  • #11
  • Mar 5, 2015 12:56am Mar 5, 2015 12:56am
Quoting hals12
Hello, Hamedmohd . I think you are Arabic from your username . I've got an arabic book for forex . It's pretty old - from 2004 but it will make you understand the forex market %100 and it's very detailed and starts from the 0 . https://www.dropbox.com/s/z3slvfqp9e...1576;.doc?dl=1
many many thanks


i will print it and read it all
as per the titles it is really useful

thanks
again.
  • #12
  • Mar 5, 2015 3:01pm Mar 5, 2015 3:01pm
Try to look for blogs as well. I happen to know for a fact there are a bunch of them floating around out there in Arabic.
  • #13
  • Apr 11, 2016 9:07pm Apr 11, 2016 9:07pm
Anyone can participate in forex trading, forex is a business that has a lot of advantages. There are no gender restrictions in forex trading, forex trading anyone can do as long as a lot of learning and practice trading with good
  • #14
  • Apr 14, 2016 3:57am Apr 14, 2016 3:57am
I think the better question would be who doesn't participate in Forex trading, since pretty much everyone and their mother do. Private companies, single individuals, banks, etc. everyone. It's a big market.
  • #15
  • Apr 20, 2016 9:11pm Apr 20, 2016 9:11pm
Anyone can participate in forex trading because forex is a business that really has a big profit. Male or female can trade forex. Or from various circles also can trade in forex trading as long as it has a good ability. Forex is a business that is open to anyone
  • #16
  • Apr 21, 2016 4:48am Apr 21, 2016 4:48am
Quoting gabanda
Anyone can participate in forex trading because forex is a business that really has a big profit. Male or female can trade forex. Or from various circles also can trade in forex trading as long as it has a good ability. Forex is a business that is open to anyone
The main reason of forex being very popular is because it allow time flexibility which most of the businesses does not offer. The ease of doing it from anywhere and anytime makes many traders tempted to invest in forex.
  • #17
  • Apr 22, 2016 4:23am Apr 22, 2016 4:23am
In my opinion forex is open for all.Everyone can join and start trading forex but only a few people success.Trading depends on your skills and knowledge.
  • #18
  • May 3, 2016 8:50pm May 3, 2016 8:50pm
Quoting RichardTrade
In my opinion forex is open for all.Everyone can join and start trading forex but only a few people success.Trading depends on your skills and knowledge.
of course, forex is a business that is open to anyone. we just need to have the knowledge, skills and preparation in forex trading, so that we could try to trade well.
  • #19
  • May 30, 2017 1:49pm May 30, 2017 1:49pm
This market is open for all and any kinds of join here with a little amount at any places. But mostly become loser from this market, because they try to make money instantly without learning. But practically without passing a long time that’s not possible at all to achieve success from this .
  • #20
  • Dec 23, 2020 2:00pm Dec 23, 2020 2:00pm
If you want to enter into the forex market, you have to practice on a demo first. Otherwise, you may face a great loss.
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