Forex Trading in Pakistan is not in a countable position like Commodities and precious metals as compare to other investment opportunities in Pakistan, I must say that what ever the investment opportunities and the ways to fix your investment are something trendy and tricky all the way, trendy because in south Asia we have a shortage of financial innovators specially in Pakistan this is why any new opportunity like forex trading, Commodities and precious metals must take time to become a trend.
Forex Trading in Pakistan is relatively fresh prospective for private investors, having really only been rendered feasible by the advent of the internet. Like any financial discipline, the best investment is a sound understanding with practical education and experience.
Forex Trading is an Art for the people who dare to check their emotions, personal skills by bringing their funds into the highly volatile market where any clever decision can change their lives by poor to billionaire. There are several styles to play in this market and you may explore unending new ways to be entered.
Foreign exchange market owes its existence to the 1971 abandonment of the Breton Woods accord and the subsequent unwinding of the regime of universal fixed exchange rates. According to the 2001 triennial survey by the Bank of International Settlements (BIS), global foreign exchange turnover amounts to more than $1200 bn per day and now extended to over $2 trillion.
Inter-bank forex market, also called Over the Counter Forex – OTC market and Spot market, is world’s largest market; even greater than all other trading markets put together. This market is not regulated by any authority or central banks such as the central Reserved Bank Of US, Although its not centralized like Stock market but trading can be over the counter, this decentralization brings different brokers option to the traders to open trade with, here you can observe a large competition between different brokers each broker are coming with unique features and benefits. The spot currency market opens all the time 24/7 around the world.
The Forex trading can be done short term and long term over the bases of market sentiments, technical indicators and fundamental high lows, from a price action perspective, currencies don’t spend much time mostly in tight trading ranges and tend to develop strong trends. More than 80 percent of currency trading volume is speculative in nature and, as a result, the market frequently overshoots and then corrects.
All trades that take place in the foreign exchange market involve the buying of one currency and the selling of another currency simultaneously. This is because the value of one currency is determined by its comparison to another currency. Most frequently traded pair are EUR/USD, GBP/USD, USD/JPY. Each pair represents two currencies, the first currency in a pair is a ” base currency” and the second one is the “quote currency”. Example, EUR/USD means number of United States Dollars that can be purchased in 1 EURO, the pair will increase in its value if EURO tends to strengthen or US Dollar starts to weaken.
Forex Trading in Pakistan is relatively fresh prospective for private investors, having really only been rendered feasible by the advent of the internet. Like any financial discipline, the best investment is a sound understanding with practical education and experience.
Forex Trading is an Art for the people who dare to check their emotions, personal skills by bringing their funds into the highly volatile market where any clever decision can change their lives by poor to billionaire. There are several styles to play in this market and you may explore unending new ways to be entered.
Foreign exchange market owes its existence to the 1971 abandonment of the Breton Woods accord and the subsequent unwinding of the regime of universal fixed exchange rates. According to the 2001 triennial survey by the Bank of International Settlements (BIS), global foreign exchange turnover amounts to more than $1200 bn per day and now extended to over $2 trillion.
Inter-bank forex market, also called Over the Counter Forex – OTC market and Spot market, is world’s largest market; even greater than all other trading markets put together. This market is not regulated by any authority or central banks such as the central Reserved Bank Of US, Although its not centralized like Stock market but trading can be over the counter, this decentralization brings different brokers option to the traders to open trade with, here you can observe a large competition between different brokers each broker are coming with unique features and benefits. The spot currency market opens all the time 24/7 around the world.
The Forex trading can be done short term and long term over the bases of market sentiments, technical indicators and fundamental high lows, from a price action perspective, currencies don’t spend much time mostly in tight trading ranges and tend to develop strong trends. More than 80 percent of currency trading volume is speculative in nature and, as a result, the market frequently overshoots and then corrects.
All trades that take place in the foreign exchange market involve the buying of one currency and the selling of another currency simultaneously. This is because the value of one currency is determined by its comparison to another currency. Most frequently traded pair are EUR/USD, GBP/USD, USD/JPY. Each pair represents two currencies, the first currency in a pair is a ” base currency” and the second one is the “quote currency”. Example, EUR/USD means number of United States Dollars that can be purchased in 1 EURO, the pair will increase in its value if EURO tends to strengthen or US Dollar starts to weaken.
Forex Trading in Pakistan have not been accepted by local investors because it has made people screaming to invest in it not only due to the lack of knowledge but the fraudulent actions of local brokers started forex business in Pakistan earlier. Some luckiest who escaped from fake brokers hunted by the forex trading lot volume and high volatility which mostly brought traders back to home or to find other options than forex trading in Pakistan. State Bank of Pakistan also don’t recommend investors to invest in such high volatile market without understanding and don’t grade forex brokers in Pakistan. Let me introduce International Interbank Foreign Exchange Market also called Forex Trading as a new investment opportunity in Pakistan in association with other investment opportunities like.
Trading and Investment in Stocks (in Karachi Stock Exchange, Lahore Stock Exchange, Islamabad Stock Exchange and others.).
Investment Saving Schemes
In Real Estate Market in Pakistan
Mutual Funds Investment
Various Esoteric other avenues, which are known to small number of investors
Trading and Investment in Stocks (in Karachi Stock Exchange, Lahore Stock Exchange, Islamabad Stock Exchange and others.).
Investment Saving Schemes
In Real Estate Market in Pakistan
Mutual Funds Investment
Various Esoteric other avenues, which are known to small number of investors