What is Forex Trading?
The forex market is a market to exchange one currency for another for immediate or future delivery. There is a wide range of participants, from banks and brokers to corporations and individuals. It is made up of a network of counterparties who buy and sell currencies between themselves at an agreed market price, either for speculation or for hedging currency risk.
For the vast majority of people going about their daily lives, foreign exchange is only really relevant when planning an overseas holiday. However, for currency traders, forex trading offers an opportunity to earn profits from trading. The forex market volume is more than $6 trillion a day, trading 24 hours a day around the world, five days a week, making it by far the largest financial market in the world.
Currency values are affected by political and macroeconomic news, as well as technical analysis and trader psychology. These price fluctuations enable traders to speculate on the future value of a currency. While rewards can be huge, these opportunities do not come without risk.
Why forex trading is so important?
Forex trading is the oil which lubricates all global financial markets and is an essential element of all international business. Forex trading is carried out by banks, brokers, corporations, investment funds and individual investors. The collaboration between these different entities generates an extremely liquid global market that impacts and shapes businesses around the world.
The global forex market is critical to support international trade, as countries import and export goods and services across international boundaries. A country’s currency also acts as a pressure valve for their economy, helping to avoid continuous boom-bust economic cycles. For example, if a country has a weak economy, its currency will tend to devalue, which automatically makes it more competitive in international markets, stimulating exports and helping their economy to recover. The opposite is true for strong economies, since a stronger currency makes a country less competitive abroad; hence, it should prevent the economy from overheating. Without the ability to trade in different currencies and across international borders, company prospects would be limited and global economic growth would suffer.
How LAT include forex into their programmes?
LAT is an accredited provider of training and education for individuals and companies that want to learn to trade and profit from the Forex market. Our accredited on-campus and online forex trading programmes provide the academic knowledge and practical skills to enable students to trade Forex with a robust and structured trading strategy.
We believe that the best recipe for success is to not only teach our students the various concepts and strategies involved in trading, but to also show them how to implement forex trade strategies with regular live market analysis. Whether you have been trading the markets for a while or are just starting out on your trading journey, our courses are suitable for traders of any level.
Forex trading strategies can take a long time to master, especially if you are only aware of the conventional methods of trading that you can find anywhere online. Our courses provide the in-depth knowledge required to enable you to develop your own methods and then enhance them as your trading experience grows.
Unlike other forex trading courses which teach how to execute a trade with basic forex strategies, LAT trading courses teach a personal trading development method. This method will separate you from the crowd and help you to identify your personal trading goals.
Learn to trade Forex with one of these LAT programmes: