Forex Basics: Trading Tips that Worth Your Time By Hana Stejskalová
Forex Basics: Trading Tips that Worth Your Time By Hana Stejskalová
Salepage : Hana Stejskalová – Forex Basics: Trading Tips that Worth Your Time
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I started trading because I believe that times, when you went to school and found a good paid job, are long gone.
Don’t get me wrong, it is not the only way how to make money today, but I was pretty good when working with numbers and trading appealed to me.
The aim for FX Basics series is to make you stop devastating your trading accounts and slowly increase your profits.
We will talk about, what I learned so far, 3 basic topics of trading:
PSYCHOLOGY
MONEY-MANAGEMENT
STRATEGY
I will share with you all my experience, what influenced me and what I find most valuable when heading for success.
Today, we’re going to focus on tips for trading when you are a beginner, where you’ll find out:
what FOREX is about and what it is not about
what should you focus on, if you are a beginner trader
how to practice without risking money
What is forex trading?
Forex, or foreign exchange, can be explained as a network of buyers and sellers, who transfer currency between each other at an agreed price. It is the means by which individuals, companies and central banks convert one currency into another – if you have ever travelled abroad, then it is likely you have made a forex transaction.
While a lot of foreign exchange is done for practical purposes, the vast majority of currency conversion is undertaken with the aim of earning a profit. The amount of currency converted every day can make price movements of some currencies extremely volatile. It is this volatility that can make forex so attractive to traders: bringing about a greater chance of high profits, while also increasing the risk.
Forex Basics: Trading Tips that Worth Your Time By Hana Stejskalová
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