What is forex trading| How to start forex trading| How to learn forex trading|
What is forex trading
Forex trading it's called currency market. one currency is divided in two parts Base and Quote .you can also say between two country price pair. you can see below.
Like that EUR+USD=EURUSD (Europe V/S U.S.A.)
GBP+USD=GBPUSD (Britan V/S U.S.A.)
USD+JPY=USDJPY (U.S.A. V/S Japan)
If you want to know how to trade forex in so or how to trade with forex So my answer is follow my below to paragraph How to learn forex trading and forex trading where to start
How to learn forex trading
If you want to actually Learning forex trading
so follow this step. and don't miss any step.
firstly you should have read chart knowledge
so our question is how many ways through you can read chart ?
so my answer is eight ways
(1)Price action strategy analysis,
(2)Indicator strategy analysis,
(3) Chart pattern strategy analysis,
(4)Candlestick pattern strategy analysis,
(5)Support&resistance strategy analysis,
(6)Trendline strategy analysis,
(7)Psychology strategy analysis,
(8)Higher-High and Lower-Low strategy analysis.
Forex trading for beginners
If you are beginners in fx trading so my suggestion is never break any rules related trading, because of many many forex trade beginners all time try to rules break, and in this market if you will do one mistake so market is ready for give punishment. so according to my rules trading with forex for beginners
(1)Apply stoploss in every trade
(2)Risk&Reward ratio 1:2 atleast
(3)Don't try to take profit both side
(4)Every take trade in small quantity
(5)Don't try to sit against market direction
(6)Egoless
Forex market
forex trading where to start
If you are interesting ,that how to start forex trading so firstly open your trading account anybody with forex broker, accoding to my advice octafx broker is one of the best forex trading platform, because of i am also using octafx.
second thing is choose any chart analysis website Like that www.tradingview.com , www.investing.com and www.mt4.com.
it's three site is best for chart analysis.
Now you are ready for trading but you should have knowledge of price read.
Investment forex
Forex trading profit
Question-2 what is forex trade and how does it work ?
or how does forex trading work ?
if you want to forex trader guide so follow this below question and answer :
what are cfds trading (CFD)contract for difference,
how do cfd's work? difference in the settlement price between the open and closing trades.and it's called forex trading
how to learn trading forex so that's it's very simple open your account and mastering in chart price read.
what is forex ? so forex is a currency exchange between two countries.
why forex trading markets need ? online trading forex market is very very necessiary for global trading , The one country of currency exchange in other country of currency
Question which platform is best currency trading for beginners ? octafx
online forex trader through you can do copytrading in octafx .so forex trading also so easy
online forex trading is best better than stock market , because of in this market liquidity is high.
you can online trading in forex but just one thing every time follow rules and more and more practice through you can achieve your target and you can change your life.
what is cfd trading so difference price between two open and close trades , and how does forex work so simple price exchange one country curency to other country curency ,this type all question forex beginner you should know because of when you will take online forex trade, then 4x trading and online forex, cfd forex how to work is a normal question.
if you more want to know what forex trade is all about trading forex guide so check my other post
D.D.Chaudhary
Thanks Men For Read
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