Education
HOW TO TRADE FOREX?
HOW TO TRADE FOREX?
If you are looking for a highly liquid trading arena that allows you to trade around 24/5 currency markets, forex might be the right place for you. Forex can provide an opportunity for you to profit from the global market.
What is Forex?
It is a global marketplace for currency exchanges internationally and for individual investors. An important and fundamental concept to understand with Forex is trading in pairs. This means you are buying and selling one currency at a time.
Technical analysis comes down to two things
Technical analysis of a market can help you determine not only when and where to enter a market, but more importantly, when and where to exit.
For example, you would trade a US dollar or take a European Euro against EUR/USD. This means that you believe the euro will appreciate against the dollar. If the euro goes up and you want to take your profits, sell the euro and sell the dollar. You can “loose” this position by taking This is a very simple example, but it can give you a general idea of how forex works.