EP131A How to be a forex trader

The forex market is one of the fastest-moving financial markets in the world. It operates 24 hours a day, five days a week, with activity spanning across major global financial centers like London, New York, Tokyo, and Sydney. Price movements can occur in milliseconds, making it highly dynamic and volatile.

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Key Factors Influencing Speed:

1. High Liquidity: Forex is the largest market globally, trading over $7 trillion daily. This liquidity allows for rapid execution of trades and continuous price changes.
2. Leverage: Traders often use leverage, amplifying the impact of small price movements, which can make the market feel even faster.
3. News and Events: Economic reports, geopolitical events, and central bank decisions can cause significant and sudden market spikes or drops within seconds.
4. Market Hours: The overlap of major trading sessions (e.g., London and New York) tends to result in the fastest price movements due to increased trading volume.

VIDEO 1: https://www.youtube.com/watch?v=gHlnvtUZbIw&list=LL&index=7

Real-Time Movement:

• Minor Changes: Prices typically move by fractions of a pip (the smallest price change, often 0.0001 for most pairs) within milliseconds.
• Major Volatility: News events can lead to movements of 50-100 pips or more in minutes, with certain announcements like Non-Farm Payrolls (NFP) or interest rate decisions causing instant swings.

VIDEO 2: https://www.youtube.com/watch?v=Rzb-2DBnXlg&list=LL&index=3

Execution Speeds:

Modern trading platforms and technology ensure trade execution in milliseconds. However, during high volatility, slippage (executing at a different price than intended) may occur.

In summary, the forex market moves extremely quickly, making it ideal for active traders but requiring caution and strategy to manage rapid price changes effectively.

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