Forex Market Does Not Slow Down
According to the latest data from the Turkish Capital Markets Association, in the first quarter of 2016, the leveraged transactions in the forex market continued to be volatile. Volume of leverage transactions increased by 7% to 398 million TL this year. 28% of all these transactions were made over the internet. In the increase of these rates, the share of foreign investors was high. We can say that the Forex market progressed without slowing down.
Forex Market Statistics
Fifty-seven brokerage and two banks signed a record in the Forex market with a profit volume of TL 304 billion for futures. This year leveraged transactions increased by 33% compared to the same period last year, reaching as much as TL 2.5 trillion. In recent times, private sector borrowing is among the most noticeable elements in the forex market. The number of private sector issuances realized by intermediary institutions reached up to 165 figures.
First Step To Forex Market
First of all you should get as much information about the market as you can. Test yourself with the demo account and the games provided with virtual money later on. Do not rely on tips or other information on the internet sites under the name of Forex. Many sites try to give you the knowledge that you can be rich in the shortest way. However, most of this information is lie. If you act with this information without sufficient knowledge, you can lose everything at once.
Moving slowly and confidently is one of the prerequisites of the market. On the one hand, you must continue to play while you are acquiring knowledge. After you have enough knowledge and experience, you can play Forex market with real money. Thus, you can take part in the market with the least amount of error.