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How does forex trading work? How to Make Money Trading Forex In the forex market, you buy or sell currency pairs one against the other. Placing a trade in the foreign exchange market is simple. An exchange rate is simply the ratio of one currency valued versus another currency. For example, the USD/GBP exchange rate[…]
As a technical trader (or using technical analysis), you need to always be aware of as many technical indicators as possible (within reason). We want to be able to identify possible trading entries, anything that conflicts with it and in consideration of the trade itself, what I refer to as ‘key hurdles’. do I hold[…]
If not, well: the trend is your friend! STRATEGY: HOW TO TRADE THE FX TREND – There are a myriad of ways to trade the Forex market and as traders it’s our prerogative to continuously assess how price is behaving in an attempt to exploit recurring patterns. In this article I want to divulge one[…]
Managing The Risks Involved in Forex Trading by FxPremiere . Everyone knows that with great risks come great rewards — but what can you do to control and reduce
Ever wondered How to Start in Forex trading? Well here you will get your first lesson. The best way to learn how to start trading forex is to follow these rules: 1 – Open a Demo Account 2 – Subscribe to Forex Signals Subscription and place on demo to learn. 3 – Read our Free[…]
Step 1: Understand the Forex Market How to Trade Forex – A firm grasp of the most commonly-used forex lingo will make your entry into the market much simpler. Some words and phrases you’ll hear over and over again include: Base currency: The currency you are holding. If you’re from the United States, your base currency[…]
Open a forex account now After you’ve learned the basics of forex trading, it’s time to take the next step: open a forex account. Opening a forex account NOW, isn’t a simple process, nor is it one that should be taken lightly. Your forex account will control the types of trades that you can make,[…]