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.
Currency interventions and their impact on the Forex market.
Any market is sensitive to any change in demand or supply, and the foreign exchange market is no exception.
It is these two factors that are fundamental in the formation of the value of currency pairs. It should be noted that in order to change the exchange rate, a significant change in the demand (supply) of the currency in question is required.
The volumes must be so large that they are noticed by other market participants. In this case, they will begin to make transactions in the direction of the emerging trend, thereby accelerating its movement. An ordinary trader cannot make a large transaction, but such participants as national banks are quite capable of making transactions worth several billion dollars or operating with larger amounts.
A real trading plan that will help you learn how to make money
Like any business, trading in the Forex market requires careful planning, especially when it comes to finding entry points into the market.
A trader must clearly understand the entire work scheme and always follow it; this approach will significantly increase trading efficiency and reduce the risk of making mistakes.
The trading plan can be divided into three main stages - the first involves making a forecast of the trend movement, the second involves directly searching for points in the market, the third is the final stage at which a decision is made to close the transaction.
It is precisely strict adherence to the drawn up plan and compliance with all its tactical aspects that will allow you not to lose your money, and then receive the long-awaited profit.
Chaotic trading always leads to the loss of the deposit or the formation of large drawdowns.
Truths and myths about forex brokers
Very often you hear a lot of different opinions about what Forex trading is and how currency brokers work.
Many traders assure that the majority of brokers only want to take money and do not have access to the foreign exchange market.
Their main task is to deceive the gullible average person into their networks and defraud him of money.
How is the situation in reality and which of the existing judgments are myths and which is really true?
In order to understand the essence of the issue, you should have some idea about the work of the Dealing Center and its earnings.
So, let's move on to a review of the most common myths among novice traders.
How exchange currency trading is carried out, theory and practice of trading
Exchange trading of currencies takes place on the foreign exchange market, and the market can be both external and internal.
The most famous trading platform is Forex, where most contracts for the sale and purchase of various currencies are concluded.
The process itself is quite complex and successful trading requires knowing and taking into account many different factors.
This article will discuss how trading works in practice and what are the main components of currency trading.
First of all, you should focus on the basic concepts and fundamentals.
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.