International Markets FAQ's

Forex is the abbreviation for the international interbank foreign exchange market (also known as the Foreign Exchange Market), which is one of the most important segments of the global financial industry.

The difference in exchange rates allows you to profit in Forex. The trading mechanism is straightforward: you buy 1 Euro for $1.2 and wait for the Euro to rise to 1.3 dollars. When this occurs, you sell the Euro for a profit of $0.1.

It is the only market in the world that operates 24 hours a day, seven days a week. Forex is one of the most transparent of all businesses due to the rapid movement of funds, low transaction costs, and high liquidity. As a result, because you are trading against the market, it is the most equitable.

Because the Forex market is a global OTC trading platform, there is no specific trading location. A vast network of Forex market participants is interconnected via the Internet and operates as a single mechanism. Brokers, liquidity providers, and connected banks are among the participants.

Commercial banks, foreign trade companies, central banks, and currency brokerage firms are the primary participants. Since the introduction of margin trading in 1986, anyone has had the opportunity to profitably invest available funds in the Forex market.

Because the Forex market is open 24 hours a day, Monday through Friday, traders can closely monitor every market movement and react to it at any time. The Forex market opens on Sunday at 10:00 p.m. GMT and closes on Friday at 10:00 p.m. GMT – Nigeria Time from 12 a.m. on Sunday to 12 a.m. on Friday.

When making independent trades, the trader’s investment is at risk, as it is in all markets. It is critical to understand this and to consider reducing risk wherever possible in the Forex market. A skilled trader who wishes to improve the return/risk ratio should not be afraid to exit the market while limiting losses and abandoning small profits. In practice, using this approach can significantly increase income from Forex trading.

A Forex Trading Strategy is a set of rules and techniques that you can use to make more money when trading. The majority of successful traders employ a variety of strategies, which can be developed and adjusted based on your preferences, experience, and knowledge. Forex traders are frequently advised to use simple trading strategies, but this can be a difficult goal to achieve because you must distinguish between simple and complex trading strategies available on the market.

It appears logical that any service, including Forex trading, must be paid for. Brokers’ main form of payment for their services is commission. When you open a position with a forex broker, you will be charged a commission in one of two ways:
1. The amount of the spread.
2. A predetermined amount of commission set by the broker.

Currency is sold in lots on the Forex market. In Forex, a standard unit lot is equal to 100,000 units of the base currency.
For a transaction to buy or sell 100 000 units of currency, we choose = 1,00 lot, if 10 000 units, 0.1 lot, and if 1000 units, 0.01 lot.
We open a long position of 300,000 euros by purchasing three lots of EUR/USD.
We are opening a 400 000 USD short position by selling four lots of GBP/USD.
The term “Forex lot” is only used in the Forex market, where banks buy and sell currency in arbitrary amounts.

In layman’s terms, cryptocurrencies are digital currencies that cannot be seen or touched but have a monetary value attached to them. They are supported by blockchain technology, which relies on a network of computers to keep track of transactions rather than a centralized authority such as a bank.

Cryptocurrencies are still in their infancy, and their exact use case has yet to be discovered. As a store of value, they can be compared to assets such as gold or real estate. The idea is that as more people start holding these coins, their value will rise over time and more use cases will emerge.

Various exchange platforms are available for purchasing cryptocurrencies. Investors can get the apps from the Google Play Store or the App Store. They simply need to sign up with their credentials, go through the KYC process, transfer money to the wallet, and make the purchase.
WazirX, Zebpay, Coinswitch Kuber, and CoinDCX GO are some of the most popular Indian platforms. Bitcoin, Dogecoin, Ethereum, and other cryptocurrencies can also be purchased through international trading platforms such as Coinbase and Binance.

Crypto, like any other investment, is a long-term solution. Bitcoin has taken nearly a decade to reach its current levels. Furthermore, the market is new and volatile, unlike any other financial market. So, be patient, do your homework before investing, and don’t panic.

Bitcoin is a consensus network that enables a new payment system and entirely digital currency. It is the first decentralized peer-to-peer payment network powered entirely by its users, with no central authority or intermediaries. From the standpoint of a user, Bitcoin is essentially cash for the Internet. Bitcoin is also the most visible triple entry bookkeeping system in existence.

From the perspective of the user, Bitcoin is nothing more than a mobile app or computer program that provides a personal Bitcoin wallet and allows the user to send and receive bitcoins. This is how Bitcoin works for the majority of users. Behind the scenes, the Bitcoin network is sharing a public ledger known as the “blockchain.” This ledger contains every transaction ever processed, allowing a user’s computer to validate each transaction. The authenticity of each transaction is protected by digital signatures corresponding to the sending addresses, allowing all users complete control over sending bitcoins from their own Bitcoin addresses.

Blockchain is a novel technology with far-reaching applications that has the potential to eliminate financial services, if not entire banks, and restructure transactions across a wide range of organizations and industries. It’s a digital ledger that keeps track of transactions in chronological order, whether publicly or privately. It can make peer-to-peer transactions easier, decreasing or eliminating the need for middlemen. Blockchain establishes confidence through encryption and decentralization. Anyone may observe all transactions on the Bitcoin blockchain.

Bitcoin operates is defined by blockchain and how it functions. It’s a digital ledger that keeps track of each and every transaction. If I sell you a pair of shoes for $10, I can record the transaction in an immutable digital ledger. A bank or any other centralized database does not own the ledger. It’s decentralized, meaning it’s run by a global network of computers. Individuals own some of the machines, while others belong to large groups. Addresses are used to record and carry out transactions on a blockchain. An address is needed for each sender and recipient.