How You Make Money Trading the Forex ?
The goal of trading the forex is to exchange one currency for another in the expectation that the currency you bought will increase in value compared to the one you sold.
Most investors are day traders, they enter and close their positions in a single day (EST).
What are the requirements for trading?
Below is a list of things needed to start trading the forex.
1. Learn how the market works.
Profitable trading requires good knowledge and skills. One needs to understand how to read quotes, place trades, stop losses… Many online forex resources and trading guides are available to individuals who wish to learn how forex works.
2. A forex trading strategy.
Many online brokers allow you to open practice accounts before trading with real money. This allows you to develop and test forex strategies,You can then pick the best one , that allows you to place more profitable trades. You should develop a trading strategy that works otherwise you will not make profit in forex trading.
3. An online broker.
You need to open a trading account with a online broker. Mini forex accounts require a minimum of $25 depending on your broker,With ‘minis’ you do trading, money management..everything by yourself.
Our "Trading The Forex" Course
is an easy guide on forex market PLUS you get the Advanced Forex trading course.
This is an introduction to advanced forex concepts.
A greater part of this tutorial goes into introducing technical and fundamental analysis.Teach yourself advanced concepts such as money management, risk management ….
- Understanding fundamental analysis:
- Learn technical analysis. ETC