write 20 words summary based on this youtube script without saying in this videoIn this video we’re going to show you everything you need to know about trading Forex fast Forex affects every aspect of your daily life from buying your morning coffee to refueling your car to going on holiday this is all made possible through the process of Forex in motion there is also A free Forex Trading beginner’s guide that works in combination with this lesson we’ll show you how you can get it later in this video so what is Forex exactly the word Forex is a mashup of Foreign Exchange and is commonly used to refer to the Foreign Exchange Market the Largest financial Market in the world picture a massive Marketplace trading across all the corners of the globe but rather than having Goods on sale this Market trades in global currencies Forks Market or Foreign Exchange Market is one of the most widely traded markets in the world with daily trading volume Of over 6 trillion dollars unlike the stock market the Forex Market is open 24 hours a day from 5 PM Sunday to 5 PM Friday Eastern Time so you might be wondering where exactly is the Forex Market based well it’s actually everywhere Forex is a decentralized market with no single Central Authority or exchange that governs it all instead it is made up of a network of banks Brokers dealers and even governments who Trade Currency with each other also make sure to hit the like button as it allows for our team to continue to produce more free content on YouTube let’s now go through some of the key Concepts you must know currency abbreviations each currency is represented by a three-letter code called an ISO code here are some of the main currencies traded USD is the US dollar also known as simply the dollar AUD is the Australian dollar also known as the Aussie nzd is the New Zealand dollar also known as the kiwi EUR is the euro CAD is the Canadian dollar also known as the cad GBP is the British pound also known as simply the pound JPY is the Japanese Yen also known as simply the yen CHF is the Swiss franc also known as simply the Swiss what is a currency pair in Forex currencies are traded in pairs because when you trade Forex you are buying one currency while selling another at the same time let’s look at the pound dollar currency pair for Example the first currency in a pair is the base currency and the second currency is the quote currency let’s say you get a quote of pound dollar as 1.2655 this means for every one pound you get 1.2655 of US Dollars there is always an invisible one beside the base currency on the left So here’s what happens when you actually Trade Currency pairs when you buy a currency pair like the pound dollar or when you go long on the pound dollar You’re Expecting The Pound to appreciate while the dollar depreciates when you sell a currency pair like the Pound dollar or when you go short on the pound dollar You’re Expecting The Pound to depreciate while the dollar appreciates major currency pairs these are the major currency pairs which all include the US dollar as the US is the world’s largest economy starting out we recommend sticking to trading major Currency pairs as they are the most liquid meaning you can get in and out of positions easily and fast and with tighter bid ask spreads what is a pip in the land of Forex exchange rate changes are measured in Pips a pip stands for a percentage endpoint Or a price interest point this is a standardized measurement for the smallest whole unit price move that an exchange rate can make if the Australian dollar is sitting at 0.6751 and its value gained by one pip it would move to 0.6752 most currencies are written to the fourth decimal place with the fourth Decimal place representing one pip however some exceptions Buck this trend such as with the Yen crossed pairs the Japanese yen is often quoted to two decimal places so a one pip gain would be 146.22 rising to 146.23 there’s also a pipette which is a fractional pip that is one tenth of a Pip and is represented by the fifth decimal place before we continue we want to hear from you tell us in the comments below right now what video topics we should cover next as always please hit the like button as it allows for our team to continue to produce more free videos on YouTube Lot sizes in Forex positions are usually measured in lot sizes a standard lot represents 100 000 units of the base currency a mini lot is a tenth the size of a standard lot and represents 10 000 units of the base currency a micro lot is 1000 units of the base currency And a nano lot is 100 units of the base currency bid ask and spread each transaction has a bid and an Ask price these two prices form the basis for trading on the Forex Market when you’re looking to buy an asset on the Forex Market you will pay the ask Price for the base currency when you’re looking to sell an asset on the Forex Market you will sell at the bid price the difference between the bid and ask price is called the spread in essence the bid ask spread is the difference between the price a dealer will buy a Currency and what they will sell it for the spread covers the Dealer’s profit and the cost of the transaction it is essentially the cost you pay to enter the market it’s important to note that different Brokers can offer different spreads or they may offer variable spreads that can change based on market conditions Brokers and Leverage you as an individual retail Trader require a broker to access and trade the Forex Market Brokers provide leverage which is you using borrowed capital from the broker to trade much larger positions than you otherwise could with the amount of money in your account imagine leverage like Using a financial lever with a lever and minimum strength you can lift heavy loads with less effort like a lever that magnifies physical strength financial leverage magnifies your trading power essentially leverage turns up the volume on trades however with the potential for more profit comes the potential for more Loss it’s important to keep in mind that leverage can act as a double-edged sword leverage offerings vary from broker to broker and are usually expressed in a ratio such as one to fifty one to a hundred or one to five hundred usually Traders will be required to deposit a Margin of the trade to act as collateral for the leveraged position liquidity visualize a vast Global marketplace where many players are trading each transaction barely makes a ripple on the surface like dropping a tiny Pebble into the ocean because of the Market’s vast size people can quickly enter in and out of Trades Without causing much disruption to the exchange rate simply put a liquid Market is a financial Market where lots of Trades occur and it’s easy for Traders to buy and sell Market volatility High volatility means prices are changing rapidly and by significant amounts like a crazy roller coaster ride With sudden drops and steep climbs notice the DraStic and wide swings of price which signals High volatility and means that there is more risk for your trades but also more reward in times of low volatility the market is calm with smaller exchange rate fluctuations and price changes low Market volatility is Like leisurely riding on a Scenic Railway notice the small swings of price which signals low volatility and means that there is less risk for your trade but also less reward now there are many factors that can cause Market volatility to increase or decrease things like inflation market demand foreign policy announcements Political and economic conditions economic data releases Central Bank decisions natural disasters or crisis changes in interest rates with all these factors at play that cause swings in price speculating on exchange rate…

write 2100 words and add headings article based on this youtube script use 20 words in a sentence in maximum 25% of sentencesIn this video we’re going to show you everything you need to know about trading Forex fast Forex affects every aspect of your daily life from buying your morning coffee to refueling your car to going on holiday this is all made possible through the process of Forex in motion there is also A free Forex Trading beginner’s guide that works in combination with this lesson we’ll show you how you can get it later in this video so what is Forex exactly the word Forex is a mashup of Foreign Exchange and is commonly used to refer to the Foreign Exchange Market the Largest financial Market in the world picture a massive Marketplace trading across all the corners of the globe but rather than having Goods on sale this Market trades in global currencies Forks Market or Foreign Exchange Market is one of the most widely traded markets in the world with daily trading volume Of over 6 trillion dollars unlike the stock market the Forex Market is open 24 hours a day from 5 PM Sunday to 5 PM Friday Eastern Time so you might be wondering where exactly is the Forex Market based well it’s actually everywhere Forex is a decentralized market with no single Central Authority or exchange that governs it all instead it is made up of a network of banks Brokers dealers and even governments who Trade Currency with each other also make sure to hit the like button as it allows for our team to continue to produce more free content on YouTube let’s now go through some of the key Concepts you must know currency abbreviations each currency is represented by a three-letter code called an ISO code here are some of the main currencies traded USD is the US dollar also known as simply the dollar AUD is the Australian dollar also known as the Aussie nzd is the New Zealand dollar also known as the kiwi EUR is the euro CAD is the Canadian dollar also known as the cad GBP is the British pound also known as simply the pound JPY is the Japanese Yen also known as simply the yen CHF is the Swiss franc also known as simply the Swiss what is a currency pair in Forex currencies are traded in pairs because when you trade Forex you are buying one currency while selling another at the same time let’s look at the pound dollar currency pair for Example the first currency in a pair is the base currency and the second currency is the quote currency let’s say you get a quote of pound dollar as 1.2655 this means for every one pound you get 1.2655 of US Dollars there is always an invisible one beside the base currency on the left So here’s what happens when you actually Trade Currency pairs when you buy a currency pair like the pound dollar or when you go long on the pound dollar You’re Expecting The Pound to appreciate while the dollar depreciates when you sell a currency pair like the Pound dollar or when you go short on the pound dollar You’re Expecting The Pound to depreciate while the dollar appreciates major currency pairs these are the major currency pairs which all include the US dollar as the US is the world’s largest economy starting out we recommend sticking to trading major Currency pairs as they are the most liquid meaning you can get in and out of positions easily and fast and with tighter bid ask spreads what is a pip in the land of Forex exchange rate changes are measured in Pips a pip stands for a percentage endpoint Or a price interest point this is a standardized measurement for the smallest whole unit price move that an exchange rate can make if the Australian dollar is sitting at 0.6751 and its value gained by one pip it would move to 0.6752 most currencies are written to the fourth decimal place with the fourth Decimal place representing one pip however some exceptions Buck this trend such as with the Yen crossed pairs the Japanese yen is often quoted to two decimal places so a one pip gain would be 146.22 rising to 146.23 there’s also a pipette which is a fractional pip that is one tenth of a Pip and is represented by the fifth decimal place before we continue we want to hear from you tell us in the comments below right now what video topics we should cover next as always please hit the like button as it allows for our team to continue to produce more free videos on YouTube Lot sizes in Forex positions are usually measured in lot sizes a standard lot represents 100 000 units of the base currency a mini lot is a tenth the size of a standard lot and represents 10 000 units of the base currency a micro lot is 1000 units of the base currency And a nano lot is 100 units of the base currency bid ask and spread each transaction has a bid and an Ask price these two prices form the basis for trading on the Forex Market when you’re looking to buy an asset on the Forex Market you will pay the ask Price for the base currency when you’re looking to sell an asset on the Forex Market you will sell at the bid price the difference between the bid and ask price is called the spread in essence the bid ask spread is the difference between the price a dealer will buy a Currency and what they will sell it for the spread covers the Dealer’s profit and the cost of the transaction it is essentially the cost you pay to enter the market it’s important to note that different Brokers can offer different spreads or they may offer variable spreads that can change based on market conditions Brokers and Leverage you as an individual retail Trader require a broker to access and trade the Forex Market Brokers provide leverage which is you using borrowed capital from the broker to trade much larger positions than you otherwise could with the amount of money in your account imagine leverage like Using a financial lever with a lever and minimum strength you can lift heavy loads with less effort like a lever that magnifies physical strength financial leverage magnifies your trading power essentially leverage turns up the volume on trades however with the potential for more profit comes the potential for more Loss it’s important to keep in mind that leverage can act as a double-edged sword leverage offerings vary from broker to broker and are usually expressed in a ratio such as one to fifty one to a hundred or one to five hundred usually Traders will be required to deposit a Margin of the trade to act as collateral for the leveraged position liquidity visualize a vast Global marketplace where many players are trading each transaction barely makes a ripple on the surface like dropping a tiny Pebble into the ocean because of the Market’s vast size people can quickly enter in and out of Trades Without causing much disruption to the exchange rate simply put a liquid Market is a financial Market where lots of Trades occur and it’s easy for Traders to buy and sell Market volatility High volatility means prices are changing rapidly and by significant amounts like a crazy roller coaster ride With sudden drops and steep climbs notice the DraStic and wide swings of price which signals High volatility and means that there is more risk for your trades but also more reward in times of low volatility the market is calm with smaller exchange rate fluctuations and price changes low Market volatility is Like leisurely riding on a Scenic Railway notice the small swings of price which signals low volatility and means that there is less risk for your trade but also less reward now there are many factors that can cause Market volatility to increase or decrease things like inflation market demand foreign policy announcements Political and economic conditions economic data releases Central Bank decisions natural disasters or crisis changes in interest rates with all these factors at play…

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