{"id":12978,"date":"2020-12-18T15:55:00","date_gmt":"2021-06-16T11:57:09","guid":{"rendered":"https:\/\/ironfx-com-php8.wp-dev.int.theitops.net\/?post_type=forex-blog&p=12978"},"modified":"2024-04-22T14:02:24","modified_gmt":"2024-04-22T11:02:24","slug":"what-is-the-forex-market","status":"publish","type":"post","link":"https:\/\/www.ironfx-id.com\/fr\/what-is-the-forex-market\/","title":{"rendered":"What is the Forex Market?"},"content":{"rendered":"

The foreign exchange market refers to the place where currencies are traded. Either consciously or unconsciously currencies are of high importance to most people worldwide, because they are needed in conducting foreign exchange and business. For example, when buying something from a country with a different currency than yours, it means that there must be an exchange made equivalent to that currency. The same happens when travelling and when you need to exchange money into the target currency.
\r\nWhat makes this market unique is that there is not a central marketplace for foreign exchange. On the contrary, forex trading<\/a> happens online, over-the-counter (OTC) meaning that all transactions occur electronically among traders globally rather than on one centralised exchange. Of equal importance is the fact that the market is open 24 hours a day, five and a half days a week, while currencies are traded in the major financial centres of London, New York, Tokyo, Zurich, Frankfurt, Hong Kong, Singapore, Paris and Sydney, in different time zones. As a result, when someone stops trading in the US, another one starts in Japan. For this reason, the forex market is extremely active at any time of the day and volatile as prices constantly change.<\/p>\n

How to Read the Forex Market<\/strong><\/h3>\n

Market Analysis refers to both Fundamental and Technical Analysis. Most traders believe that Market Analysis is just Technical Analysis while the latter only refers to looking at the charts and various indicators which are helpful in assessing the market instead of prices as such.<\/p>\n

Fundamental analysis includes analysing central banks\u2019 decisions and monetary policy and economic data as well as understanding them. Unfortunately, many traders are not aware of these, so they usually skip them. This is the main reason behind a possible failure and the reason why trading is not successful for them in the long-term.<\/p>\n

Analyse fondamentale<\/strong><\/h3>\n

The most important thing to know about Fundamental is analysis is that how currencies will move will completely be determined by the Fundamentals. There are three major components to fundamental analysis: Central Banks, Economic Data & Geopolitical events. You should closely look at the first two, which can be quantified, while the third is almost immeasurable and even random sometimes.<\/p>\n