Useful Forex articles about trading
In this section you will find more than a hundred Forex articles devoted to trading on the Forex currency exchange, as well as trading on other financial markets. The given articles about Forex will be useful both to a novice trader and to a person already familiar with this type of activity.
Forecasting exchange rates
Making a forecast of the exchange rate only at first glance seems like an impossible task, but if you know the main technical points, you can actually carry out this procedure yourself, without resorting to the help of a specialist.
To do this, you need to know two main points - which external factors influence exchange rates and what patterns can be detected by analyzing the chart of a currency pair.
Currency forecasting can be used not only for speculative transactions on Forex, but also for assessing the risks of operations in the economic activities of some enterprises closely related to currency exchange.
In addition, when forecasting exchange rates, you should remember that you need to take into account in relation to which currency you want to make a forecast.
For example, the exchange rate of the American dollar cannot grow simultaneously in relation to all world currencies; there is such a thing as correlation, based on which, some monetary units will grow simultaneously with the American dollar.
The sweet and bitter truth about Forex
There are quite a lot of opposing reviews about working in the foreign exchange market, some claim that Forex is just a scam, others boast of record earnings, what is the truth about Forex?
In order to answer the question posed, many different factors should be taken into account; only on their basis can one form an independent opinion.
When considering the statistics of the work of dealing centers, one rather persistent trend immediately catches the eye - most beginners, almost for the first time, lose their deposit, but professional traders earn more and more every day.
The reason for such statistics is that in order to make money on Forex, you need practical trading experience and a large amount of knowledge.
The conclusion suggests itself - if you don’t want to lose, trade small amounts first.
Reviews about working on the Forex exchange.
In this article I will give my impressions of working on Forex, as well as reviews of other traders who have been working in the foreign exchange market for several years. During the survey, the question was also asked, “What recommendations and advice can you give to a novice trader?”
After reading the article, you can form your own opinion on whether you should trade or whether you need to choose another type of online earnings.
Feedback on working in Forex was obtained as a result of a survey conducted among traders with different trading experience, which allows you to form your own opinion about this type of activity.