|December 20th, 2015, 09:28 PM||#1|
Joined: Dec 2015
Can someone tell me about FOREX ?
There are many free resources such as articles, ebooks, website...etc on internet.
You can find brokers that offer $25 minimum deposit. It's a good idea to start trading with a small amount so you get to know how you react when you trade with real money (huge difference compare to trading demo account).
You probably don't want to hear this but most beginners lose money. The people who succeed are the ones who never stop learning and never give up.
These are some basics you should know before you trade:
- how does forex trading work?
- what are the major currencies and different sessions (e.g. EUR/USD, London, New York, Tokyo, Sydney sessions)
- how to read quotes/charts (e.g. buy/sell, candlestick...etc)
- learn technical analysis (e.g. moving average, MACD....etc) or fundamental analysis (e.g. news...etc)
Get Forex account here ig.com
Last edited by skipjack; December 20th, 2015 at 09:46 PM.
|November 9th, 2016, 12:30 AM||#2|
Joined: Nov 2016
Forex, also known as foreign exchange, FX or currency trading, is a decentralized global market where all the world's currencies trade. The forex market is the largest, most liquid market in the world with an average daily trading volume exceeding $5 trillion. There is no central exchange as it trades over the counter. Forex trading allows you to buy and sell currencies, similar to stock trading except you can do it 24 hours a day, five days a week, you have access to margin trading, and you gain exposure to international markets.
Last edited by skipjack; January 30th, 2017 at 12:07 PM.