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Sarah Parker

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  1. Hello, thank you for your question! In order to get started with trading in Forex, beginners should gain proper knowledge of trading first. Learning about Forex trading can be done now using numerous resources, such as online courses, books, videos, and other forms of education. This will allow traders to gain the necessary knowledge to engage in trading. The second step is to organize capital needed to start trading, this varies from platform to platform, but the record minimum amount needed is $10, from there you can work your way up to larger amounts of money. As a beginner, it is necessary to place your trust into genuine analysts that are certified, and that will operate with your capital with the best intentions, aiming to maximize profits and put risk to a minimum. If you are not really sure how you will manage in the Forex trading world, you can open a demo account that will allow you to place trades that don’t require money and see how good you would perform. This enables you to get practical knowledge. And in the end, you can open a real money account, where you will place trades with all the previous knowledge that you have gathered, aiming to maximize your gains, and limit your losses.
  2. Hello, I would like to learn more about getting started with Forex.
  3. Hello, thank you for asking! The term “Forex” stands for the Foreign Exchange network, which is a platform that allows traders to trade one currency against another. People like to think of it as one big currency exchange store, where you go to exchange one currency for another, in order to use it or sell it. Except this market sees over $4 trillion a day, which makes it the largest currency exchange market in the world. The difference from an ordinary trade is that there is trading involved which means that you exchange one currency for another in order to gain profit, for example when you exchange euro for dollar, you make a profit of a specific margin.
  4. Hi, I would want to know about main currency pairs in Forex.
  5. Hello, thank you for your question! Position traders are by definition trend followers as they keep close attention to the trend movement and direction. According to these two aspects, position traders make decisions on whether to hold, sell, or buy. The main difference from other trading styles, such as day and swing traders, is that positions are held much longer. Position traders use both fundamental and technical analysis in order to make their decisions. They also rely on macroeconomic factors, general market trends, and historical patterns to select investments which they believe will achieve their desired outcome. Another important attribute of position traders should be risk management and good assessment of profit and risk ratio. There is a relief in the fact that this form of trading isn’t so time-consuming as others, which means that traders make a decision, and according to it place an appropriate stop-loss order and wait for the outcome.
  6. Hello, I would like to learn the differences between swing and position trading.
  7. Hello, thank you for asking! Swing trading is a trading tactic where traders usually hold a position for longer than a day. Swing traders are holding positions from several days to a few weeks with the goal of making a reasonable profit. Swing traders represent a mixture of day traders and trend traders. Day traders keep the position from a few seconds to several hours, but never longer than a day. Trend traders examine long term trends and keep closer track of stock price and value movement.
  8. Hi, I wanted to know about the tactic employed in swing trading.
  9. Hi, thank you for your question! Technical and fundamental analysis are two of the most commonly used analysis methods when it comes to all forms of trading. These two are completely different and are relying on completely different aspects of trading data in order to generate their results. In the end, both of them have a common goal, to predict, as accurately as possible outcomes of trade moves, and price movements. The fundamental analysis determines the value of the stock by intrinsic value. This value encompasses everything from the overall economy and industry conditions to the financial condition and management of companies, earnings, expenses, assets, and liabilities. On the other hand, technical analysis derives value from the stock’s price and volume. Without paying attention to all aspects that fundamental analysis is paying to because technical analysts think that it is all included in these two aspects. Technical analysts do not attempt to measure a security's intrinsic value, but instead, use stock charts to identify patterns and trends that suggest what a stock will do in the future.
  10. Hi, I would like to know the limitations of technical analysis.
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