What does the beginning trader need to know about this business? Understand this basic truth, see the big picture, and you will be well on your way to a profitable trading career
Some likes to play lotto or casino, and others loves the excitement of trading with stocks and currency . They all want to find a system with a high profit and no risk but believe me it does not exist and never will.
Forex has developed a few trading systems adjusted to the risk you are willing to take with your investments .
The FOREX currency trading is a great way to work from home in your free time. You can trade any time you want, from Monday to Friday. But you must know that you can lose money in FOREX. So, getting the proper education and trading before doing any real trades is a must. Fortunately you can first practice on a demo account, until you get to the point that you win 70% of your trades. Nobody wins 100%. But you can be in profit even with 50% wins.
With $1,5 trillion exchanged everyday, it is really the best opportunity in the world today. Like everything new, although the FX Trading is open to the public since 1998, it is still seen by people as difficult and for an elite of traders . They imagine that it is something they can't do. The truth is that it is a big misconception. It is simple, has more advantages than any other business and everybody can be successful...
Technical analysts use different technical studies and interpret them to predict market direction or to generate buy and sell signals.
By using charts in Forex technical analysis we can predict price movements.
While many people turn to their usual bank when opening a business account, it’s advisable to shop around. There can be some advantages to using the same bank for personal and business accounts – your manager may be more supportive if you are known to the bank and have a sound financial track record. However, each bank offers different services and has different bank charges.
Forex Trading, meaning Currency Trading, is a world wide, little known market, which will become the most popular source of income for investors in the very near future. It is open for banks, rich investors and small ones alike and, depending on the sum of money they are willing to risk, the earnings demonstrate this is the best way to start getting rich.Why choose currency trading over stock, real estate or futures trading? The currency trading advantages are speed, liquidity, commission-free transactions, increased safety, short-term trading and great earnings. Let’s study each of these advantages in other trading systems:
Sz. Daniela
