FAQs
frequently asked questions
General
Currency trading, also known as foreign exchange trading, is the process of buying and selling currencies on the foreign exchange market. Traders speculate on the relative value of different currency pairs with the aim of making a profit from the fluctuations in exchange rates.
Currency trading involves trading currency pairs. When you trade, you simultaneously buy one currency while selling another. For example, if you believe the value of the euro will rise against the US dollar, you would buy the EUR/USD currency pair. If your prediction is correct, you can sell it later at a higher price to make a profit.
Currency trading carries risks, just like any other form of investment. The market can be highly volatile, and prices can change rapidly, leading to potential losses. Traders should be aware of these risks and use appropriate risk management strategies, such as setting stop-loss orders and not risking more than they can afford to lose.
To start trading Currency, you’ll typically need to follow these steps:
a) Educate yourself about currency trading by studying online resources, webinars, or taking courses.
b) Choose a reliable currency broker that suits your needs.
c) Open a trading account with the broker and deposit funds.
d) Develop a trading strategy and practice it on a demo account.
e) Once you’re confident in your skills, you can start trading with real money.
Currency prices are influenced by various factors, including:
a) Economic indicators such as interest rates, inflation, and GDP growth.
b) Geopolitical events and news.
c) Market sentiment and investor psychology.
d) Central bank policies and interventions.
While it is possible to make a living from currency trading, it requires a combination of knowledge, skills, experience, and disciplined risk management. It is important to understand that trading currency is not a guaranteed way to make money, and there is always a risk of losses. Many traders start by trading part-time and gradually transition to full-time trading as they gain expertise and consistent profitability.
The term “Forex” or “foreign exchange market” refers to the world market for exchanging currencies. It is the world’s biggest and most liquid financial market. Forex trading includes exchanging AUD and USD in pairs at a floating exchange rate.
Base currency and quote currency together make up a currency pair. The term is used to price coins against each other. Conventionally, currency pairs are reflected in abbreviated form, separated by a slash. EUR/USD refers to a currency pair in which the euro is the base currency, and the U.S dollar is the quote currency.
Due to the market’s volatility and the fact that it offers far larger degrees of leverage, forex is seen as being riskier than equities. However, the negative market consequences may be controlled with the aid of an effective risk management approach.
The Forex Market is available for trading 24×7 a day except for weekends.
The answer is yes. In the year 1992, a person named ‘George Soros’ made one billion dollars by trading in currencies.
Compared with any other financial market, the forex market has the largest national value of daily trading. This provides the highest level of liquidity, which-means even large orders of currency trades are easily filled efficiently without any large price deviations.
Forex traders can be self-employed or work for brokerages, hedge-funds, and institutional investors such as investment banks, multinational banks and corporations, investment management firms, or central banks. To learn how to start forex trading, you’ll want to start with the fundamentals.
Overtrading – either trading to big or too often – is the most common reason why Forex traders fail. Overtrading might be caused by unrealistically high profit goals, market addiction, or insufficient capitalisation.
about Course
Mostly Hindi language with terminology in English. You can watch our YouTube uploads to have a better understanding
Online classes are conducted through Zoom application in which trainer’s laptop screen will be visible to you for charts. iPad screen will be visible to you as a white board & trainer will explain everything to you live. It is as good as the offline classes & we are talking from experience.
We do not allow students to interrupt class with doubts while the trainer is teaching. Students are required to note down all the doubts & ask them at the end of the class . You will not face any difficulty in live class as the trainer has enough experience to explain everything in a simple manner easy to understand.
Kindly send a screenshot of your payment confirmation & your email address & phone number used while making payment. You can also always call us on “+91 87998 52956” & mail us at “info@tradewithak.com”
Yes, we have designed the mentorship program in such a way that it takes you from very basics to advanced levels in a very simple and clear language that even a school child can learn with no prior financial knowledge, so that you won’t feel left out.