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What is forex and how to make money
The most basic forms of forextrades are a long trade and a short trade. In a long trade, the trader is betting that the currency price will increase in the future and they can profit from it. A short trade consists of a bet that the currency pair’s price will decrease in the future.
A scalp trade consists of positions held for seconds or minutes at most, and the profit amounts are restricted in terms of the number of pips. Such trades are supposed to be cumulative, meaning that small profits made in each individual trade add up to a tidy amount at the end of a day or time period.
Day trades are short-term trades in which positions are held and liquidated in the same day. The duration of a day trade can be hours or minutes.
In a swing trade, the trader holds the position for a period longer than a day; i.e., they may hold the position for days or weeks.
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Links to the indicators
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https://tmafocus.com/3nfcEfd
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What Is the Forex Market?
The foreign exchange market is where currencies are traded. Currencies are important because they allow us to purchase goods and services locally and across borders. International currencies need to be exchanged to conduct foreign trade and business.
If you are living in the United States and want to buy cheese from France, then either you or the company from which you buy the cheese has to pay the French for the cheese in euros (EUR). This means that the U.S. importer would have to exchange the equivalent value of U.S. dollars (USD) into euros.
The same goes for traveling. A French tourist in Egypt can’t pay in euros to see the pyramids because it’s not the locally accepted currency. The tourist has to exchange the euros for the local currency, in this case the Egyptian pound, at the current exchange rate.
One unique aspect of this international market is that there is no central marketplace for foreign exchange. Rather, currency trading is conducted electronically over the counter (OTC), which means that all transactions occur via computer networks among traders around the world, rather than on one centralized exchange. The market is open 24 hours a day, five and a half days a week, and currencies are traded worldwide in the major financial centers of Frankfurt, Hong Kong, London, New York, Paris, Singapore, Sydney, Tokyo, and Zurich—across almost every time zone. This means that when the U.S. trading day ends, the forex market begins anew in Tokyo and Hong Kong.
NOT FINANCIAL ADVICE DISCLAIMER
The information contained here and the resources available for download through this website is not intended as, and shall not be understood or construed as, financial advice. I am not an attorney, accountant or financial advisor, nor am I holding myself out to be, and the information contained on this Website is not a substitute for financial advice from a professional who is aware of the facts and circumstances of your individual situation.
We have done our best to ensure that the information provided here and the resources available for download are accurate and provide valuable information. Regardless of anything to the contrary, nothing available on or through this Website should be understood as a recommendation that you should not consult with a financial professional to address your particular information. The Company expressly recommends that you seek advice from a professional.
*None of this is meant to be construed as investment advice, it’s for entertainment purposes only. Links above include affiliate commission or referrals. I’m part of an affiliate network and I receive compensation from partnering websites. The video is accurate as of the posting date but may not be accurate in the future.
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@Aleksadailyy
Suiii
@AkeelahSutherland-km4nv
Do i need online banking to forex trade and if i do does it ofto be my information?
@MuhtashimImran-k6c
i love how he explain this . please like my comment so i can come to this channel again and again
@claudiabrowns
I am new to Forex and really need more information, I have lost a lot of money on Forex recently and I see a lot of people earn from it. Can anyone tell me what i am doing wrong.
@AzizKhalilov-b8u
My journey as a forex trader began almost 11 years ago. Like most of us I came for trading from the ads, winning millions by 100 dollars and so on. It is so easy, I thought. But then the game began.
I lost 500 dollars in only one week. Then 300, then 600… I lost count of all my losses. I used indicators, but without success. I tried levels, but lost again.
Then I learned money management rules. I knew about money management, but became disciplined enough to follow the rules of it. Each position 2% of deposit and RRR is about 2,5. I could not say that I began to win, but my deposit did not disappear during one week and created the chance to learn.
I did read a lot, it was especially hard, because I had a job 5/9, each day spending about 3 hours in traffic. But I did read in traffic or at home.
Trading is easy, they said, but to become a good trader you need at least 5-6 years. During these years the trader gets knowledge, discipline, patience, and creates his trading system.
Next 3-5 years trader trades with his own trading system. And then comes the last stage, when a trader forgets about his trading system and trades by his intuition. It is the same like to trade with the trading system, but already at a different level.
During the years of my trading journey I created dozens of word lists, full of my notes. I decided to write about trading, based on my experience (click to learn more: https://inlnk.ru/JjPZwA). I will be happy, if traders read the book I leave their reviews or comments on amazon or here.
What I learned from my journey, is that there is not any trading system for safety in forex. Nothing. There is only one way to survive – to diversify. Trade different pairs in different accounts. I lost one account in the previous month, because of gold, although it was my most reliable instrument.
Always hedge your business by diversifying, it is stop loss of your business.
Good luck and happy trading.
@tardis_heights
I alwa wat to invst in isrl.
@bumfluffmcregor3730
Just sounds like crypto sometimes goes up sometimes goes down
@AkaniMakhubele-vz2ww
You are amazing
@UnknownBoy-s2s
You're one of the bestest explainer I ever seen
@anyanwupromise4649
Very succinct 👌
@factzfactory4956
Sir, I'm a Solo Developer looking to develop a bespoken forex trading service for financial institutuions. Really nice explanation. Hoping to learn everything about forex
@SuccessmarketingWEB
BLESS YOU. Other channels would have made us watch a 15 minute video in order to explain it.
@bobanyfingelf
Thx bro
@miguel92008
Tacos 🌮🌮🌮 thank you for the lesson I’m new to this. It really helped me 😊
@elmotiangao8080
i like how he made 20pesos as part his example
@TheMarvinMystery-112
I am trading to have financial freedom
@zynitzz
I didn’t understand nothing how this makes you money
@ibkdrumz4076
nice
@ONLYELLMZ
Briefing was nice
@georgiarogers9257
I wouldnt spend 100k on a foreign currency
@alexstalling4729
Arty makes the math look so simple with the paper cards, but the reality of holding a standard lot when the chart moves against you is a different beast. That $100 profit he mentions turns into a panic attack real quick if you don't manage your risk properly. The math is easy, the emotions are the hard part.
@TheLiquidityMystery
Forex is really difficult to be practised, easy to understand. 😜
@OkekeFortune-yf4no
17 heard about it well am curious and exploring