In recent years, the Forex market has positioned as a attractive investment option. Rodrigo Aguiar, junior trader at Intelinvest Casa de Valores, explains that this is the largest market in the world for the amount of transactions that run on it, since they are averaged “around of six trillion daily transactions.”
Likewise, he points out in conversation with El Sumario that in this “extremely liquid” market, the main participants are the central banks of big nations like the United States, Japan, England and the European Central Bank.
Therefore, these institutions have “the greatest influence on the movements of prices”. He advises that “investors must take great care of the time these large entities publish macroeconomic data on their countries, because this is what causes the greatest volatility Forex trading.”
On the other hand, he points out that leverage is one of the reasons why this market is so popular. However, he says that there is some leverages that go from one to five hundred, something that should take advantage wisely, since otherwise it can bring great gains as well as big losses.
Investors and opportunities
Aguiar emphasizes that in the Forex market there are opportunities from two points of view.
There is the fundamental investor that takes advantage of a deep analysis of macroeconomic trends, of the economic health of the countries and based on the data he makes investment decisions for long term benefits.
On the other hand, we have another type of investor that is the analyst technical. This is based on the price and its behavior in the past to make more short-term or mid-career decisions.
Debuting at Forex
The junior trader of Intelinvest points out that to start in this world it is advisable to read the authors who have done great technical analysis to this market.
Also, from the perspective of the stock house, he invites those interested in the Forex to start with the simulated trading and explains that there are different brokers that offer the possibility of trading with paper trading, that is, with non-real money so that the person acquire the necessary skill to specialize in the market.
It should be noted that one of the advantages of this market is that it can be start with a small capital, which allows investors join this world where prudence and opportunities should go hand in hand.
We invite you to know more details in this interesting video-interview.
Source: El Sumario
