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The Wall Street
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What is Forex, Forex means: Foreing Exchange Market (Forex, FX or currency market) is a global decentralized market for currency trading. This includes all aspects of buying, selling and currency exchange at current prices or certain. FOREX MAKES MONEY In terms of trading volume, which is by far the largest market in the world.
Learn to operate in a new market is like learning to speak a new language. It is easier when you have a good vocabulary and understand some basic ideas and concepts. FOREX MAKES MONEY. So let’s start with the basics of currency trading before moving on to learn how to use the Trading Station.
WHAT AM I DOING when I trade forex?
Forex is an abbreviation commonly used for the “exchange rate” and that usually is used to describe trade in the foreign exchange market by investors and speculators.FOREX MAKES MONEY.
For example, imagine a situation in which it is expected that the US dollar to weaken its value relative to the euro. A forex trader in this situation will sell dollars and buy euros. If the euro strengthens, the purchasing power to buy dollars now has increased. The trader now can buy back more dollars than they had to begin with, making a profit.
This is similar to stock trading. A stockbroker will buy a stock if they believe that its price will rise in the future and sell a stock if they believe their price will fall in the future. Similarly, a forex trader will buy a currency pair if they expect their exchange rates rise in the future and sell a currency pair if they expect their exchange rate will fall in the future. FOREX MAKES MONEY.
WHAT IS AN EXCHANGE RATE?
The forex market is a global decentralized market determines the relative values of different currencies. Unlike other markets, there is no centralized repository or exchange where transactions take place. Instead, these operations are carried out by several market participants in several places. It is rare that two coins will be identical to each other in value, and it is also rare that either of the two currencies remain the same relative value over a short period of time. In currencies, the exchange rate between two currencies is constantly changing.
For example, the January 3, 2011, one euro had changed to an approximate value of $ 1.33. On May 3, 2011, one euro worth about $ 1.48 was changed. The euro rose in value by 10% against the dollar US during this time.
Why change EXCHANGE RATES?
Currency trading on an open market, like stocks, bonds, computers, cars and many other goods and services. FOREX MAKES MONEY. The value of a currency fluctuates as its supply and demand fluctuates, just like anything else.
An increase in supply or a decrease in demand for a currency may cause the value of the currency falls.
A decrease in supply or increased demand for a currency may cause the value of that currency to appreciate.
A great benefit for currency trading is that you can buy or sell any currency pair at any time, subject to availability of liquidity. So if you think the euro zone will break, you can sell the euro and the dollar to buy (sell EUR / USD). If you believe the gold price will go up, on the basis of historical patterns of correlation you can buy the Australian dollar and US dollar sell (buy AUD / USD). FOREX MAKES MONEY
This also means that there is really no such thing as a “bear market” in the traditional sense. You can make (or lose) money when the market is trending up or down.
How a budget read?
Because you are always comparing one currency to another, currencies are traded in pairs. This may seem confusing at first, but is actually quite simple. For example, the EUR / USD to 1.4022 shows how worth US Dollars (USD) plus one euro (EUR). FOREX MAKES MONEY.
WHAT IS MUCH?
Much is the size of the smallest operation available. FXCM have a standard lot size of 1,000 units of currency. But account holders can place trades of different sizes, as long as they are in increments of 1,000 units and 2,000, 3,000, 15,000, 112,000, etc.
What is a pip?
A pip is the unit profit for the year is counted. Most currency pairs except for Japanese yen pairs are quoted to four decimal places. This fourth place after the decimal point (in a 100th of a cent) is typically what one looks to have “pips”. Each point that is placed in the quote moves is 1 pip of movement. For example, if the EUR / USD rises from 1.4022 to 1.4027, the EUR / USD has risen 5 points. FOREX MAKES MONEY.
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