Hi, anyone here who makes money from forex trading or even do it fulltime for living. As per my understanding, forex trading is only for hedging and usually people who make money play on fluctuations which can even risk the capital. Am I right? Can you share your experience?
Understanding the chart is hard and filtering the noise from it is even harder. But we have a simple tool that can do it in the blink of an eye. Here is its recent performance in #NZDUSD and rendered a 65 pip trade. https://wetalktrade.com/velocity-finder-best-forex-trading-strategies/
I am just getting into forex but i do not understand how much each pip is worth in a trade. In this trade can someone show me the math as to how I made $69 profit?
Trading foreign exchange on the currency market, also called trading forex, can be a thrilling hobby and a great source of income. To put it into perspective, the securities market trades about $22.4 billion per day; the forex market... All of this trading is done through forex brokers. A forex brokerage is an intermediary that takes on your trade and puts it on the open market. Foreign exchange trading is not done through any centralized market, so all forex broker rates may not be exactly the same at the same time. Forex Basics Discover the basics of Forex trading. Choose from a range of topics including, how to open trading accounts, how to read charts, how to apply leverage in your trading, what are the best currency pairs to trade with, how to set a stop-loss, what you need to know about margins, and more! Forex trading has a steep learning curve. Read to learn the basics of currency pairs, how the forex market operates, and details on market pricing. ... Understanding the above concepts will help you grasp what's happening when you see a forex pair rising or falling on a chart. Despite this market’s overwhelming size, when it comes to trading currencies, the concepts are simple. Let’s take a look at some of the basic concepts that all forex investors need to understand.
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