📈 FOREX: Forex trading, Forex trading tutorial, forex trading for beginners 2018 FX online trading

4th October 2018 Off By binary
📈 FOREX: Forex trading, Forex trading tutorial, forex trading for beginners 2018 FX online trading

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EMA 3 (blue)
EMA 20 (yellow)
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Bollinger Band Period 20 Deviation 2 (green)
Bollinger Band Period 20 Deviation 1 (white)

Forex trading may make you rich if you are a hedge fund with deep pockets or an unusually skilled currency trader. But for the average retail trader, rather than being an easy road to riches, forex trading can be a rocky highway to enormous losses and potential penury.

Forex is not a get rick quick opportunity. Contrary to what you’ve read on many websites across the web, Forex trading is not going to take your $10,000 account and turn it into $1 million. The amount we can earn is determined more by the amount of money we are risking rather than how good our strategy is.

Forex, also known as foreign exchange, FX or currency trading, is a decentralized global market where all the world’s currencies trade. The currency exchange rate is the rate at which one currency can be exchanged for another. It is always quoted in pairs like the EUR/USD (the Euro and the US Dollar). If the exchange rate rises, you will sell the Euros back, making a profit. Please keep in mind that forex trading involves a high risk of loss.

Currency trading is not an easy way of making money and making a living. It is the same with the stock trading and all the other kinds of tradings and investments. To make money consistently through Forex trading and maybe to become a millionaire finally, you have to pass some important stages. If you want to day trade forex, I recommend opening an account with at least $2000, preferably $5000 if you want a decent income stream. With a $3000 account, and risking no more than 1% of your account on each trade ($30 or less), you can make $60+ per day.

Risk and Reward Ratio of Currency Trading – Is Forex Trading Worth The Risk? According to him, there seems to be so much money that can be earned through the forex market. As per recent reports, forex is the biggest fiscal market in the world which has some $4 trillion traded every day. Yes, Forex is legal in the United States. In the United States they become members of the National Futures Association (NFA), in the United Kingdom they are regulated by the Financial Services Authority (FSA), in Australia their activities are overseen by the Australian Securities and Investments Commission (ASIC).

In return for executing buy or sell orders, the forex broker will charge a commission per trade or a spread. That is how forex brokers make their money. A spread is a difference between the bid price and the ask price for the trade. The difference between the bid and ask price is the broker’s spread. Can You Really Make A Living Trading Forex? The longer answer is, yes you can make a living trading the Forex market but you have to consistently do a lot of things right. Most traders simply do not yet possess the necessary trading skill, discipline, patience, or realistic attitude to succeed long-term in the markets.

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