Operate Online If you have just started in the online stock market world, you probably have some doubts about how to carry out a technical analysis? Or maybe you are wondering what day trading is? All the basics are covered to give you peace of mind. We will teach you that the basis of trading is to control your destiny. You decide how much you want to invest, when and which trades to open, and when to close them.
It is essential to be clear that prices are supply and demand. A price movement will occur when supply and demand are not in sync. If there are more willing buyers, more sellers will appear in the market; therefore, the price will rise and vice versa. This logic is simple and applies to the principles of buying and selling Forex, CFDs, etc.
When you sign up with a demo or live account, you will find many articles, Forex video tutorials. We will advise you to start by developing a trading plan, find out what you want as a trader, what you can afford in terms of risk, set your profit goals and the time you can spend trading. Another element of online trading is learning how to lose low and win high, managing your risk with a 3:1 reward ratio per trade placed.
From a simple point of view, the exchange rate of a currency is the rate at which the base currency can be exchanged for the quote currency. These currencies are traded in pairs, such as the widely traded EUR/USD, meaning the Euro against the US Dollar. Economic factors such as industrial production, inflation, political events, etc., influence these exchanges. These factors are the aspects with the most impact on the markets according to which you will buy or sell a currency pair.
In this EUR/USD example, the EURO is represent as the base currency, and the USD is the quote currency and is the number of US dollars that one Euro can buy. The EUR/USD 1.2000 quote in numbers means that one Euro was exchanged for 1.2000 US dollars.
If you think the Euro will increase in value against the US Dollar in the next 48 hours, you will BUY the Euro. If the exchange rate rises in your favor, you will sell the Euros at a profit. This is how profits are made when you trade online.
Trading in the Forex markets is now know as the largest market in the world. Active 24 hours a day and over 4 trillion USD trade in daily volume. There are a few differences between forex and stock markets.
Choosing the right Forex and CFD broker to trade with is essential for conducting your trading. We offer you a free demo account and many forms of educational information and direct interaction from any of our customer service agents should you require further services.
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