The foreign exchange market is the "place" where currencies are traded. Currencies are important to most people around the world, whether they realize it or not, because currencies need to be exchanged in order to conduct foreign trade and business. If you are living in the U.S. and want to buy cheese from France, either you or the company that you buy the cheese from has to pay the French for the cheese in euros (EUR). This means that the U.S. importer would have to exchange the equivalent value of U.S. dollars (USD) into euros. The same goes for traveling. A French tourist in Egypt can't pay in euros to see the pyramids because it's not the locally accepted currency. As such, the tourist has to exchange the euros for the local currency, in this case the Egyptian pound, at the current exchange rate.
The need to exchange currencies is the primary reason why the forex market is the largest, most liquid financial market in the world. It dwarfs other markets in size, even the stock market, with an average traded value of around U.S. $2,000 billion per day. (The total volume changes all the time, but as of August 2023, the Bank for International Settlements (BIS) reported that the forex market traded in excess of U.S. $7 trillion per day.)
One unique aspect of this international market is that there is no central marketplace for foreign exchange. Rather, currency trading is conducted electronically over-the-counter (OTC), which means that all transactions occur via computer networks between traders around the world, rather than on one centralized exchange. The market is open 24 hours a day, five and a half days a week, and currencies are traded worldwide in the major financial centers of London, New York, Tokyo, Zurich, Frankfurt, Hong Kong, Singapore, Paris and Sydney - across almost every time zone. This means that when the trading day in the U.S. ends, the forex market begins anew in Tokyo and Hong Kong. As such, the forex market can be extremely active any time of the day, with price quotes changing constantly.
There are actually three ways that institutions, corporations and individuals trade forex: the spot market, the forwards market and the futures market. The forex trading in the spot market always has been the largest market because it is the "underlying" real asset that the forwards and futures markets are based on. In the past, the futures market was the most popular venue for traders because it was available to individual investors for a longer period of time.
However, with the advent of electronic trading, the spot market has witnessed a huge surge in activity and now surpasses the futures market as the preferred trading market for individual investors and speculators. When people refer to the forex market, they usually are referring to the spot market. The forwards and futures markets tend to be more popular with companies that need to hedge their foreign exchange risks out to a specific date in the future.
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I am a 12 year veteran forex trader and broker. I've made a lot of money in the forex business and now live comfortably. I'm looking to pay it forward now. I want to teach and educate beginners how to make money in the forex markets and become financially independent. I'm different from the regular forex/make money groups. I am not a signal service provider, forex robot peddler, trading course hawker or account manager looking to manage your money like 99% of those so called "forex gurus" online.
Its easy to show endless doctored screenshots of trades, or explain profitable trade set ups ad nauseum after a trade has closed, but, I take live trades on video. I show wins and losses. I don't use any elaborate marketing videos cause that's not what I specialize in. I educate beginners for FREE and provide strategies with step by step videos on how to trade forex. Feel free to explore the videos on my youtube page. "Why give a man/woman a fish when you can teach him/her how to fish?"
We are not internet marketers or affiliates with elaborate websites but real "behind the scenes" traders with a track record and have trained thousands of individuals, mostly novices, with little or no prior trading experience from a wide range of backgrounds to become successful traders. Our years of experience has proven that once our traders are taught how to use our proprietary system, they CAN and DO trade very profitably, which is a win-win for both them and us. We also maintain alliances with outside trading groups, technical analysis chartists and price action strategists to confirm our trade ideas.