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/
This Forex Trading PDF is written in such a way that even complete beginners can understand it and learn from it. In other words, we have read tons of Forex books, opened and closed thousands of trades, we have filtered out 💦 all the needed basics for beginner traders and simplified them. 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. What to Do with Your New Forex Correlation Understanding? Money management is the biggest tool in your Forex trading toolbox, correlation in Forex and money management can go hand in hand. If you trade across multiple currency pairs frequently, then you must be aware of correlations. If you are long on one currency pair and short on another, it ... Understanding Technical Analysis. Technical analysis is the study of historical price action in order to identify patterns and determine probabilities of future movements in the market through the use of technical studies, indicators, and other analysis tools.
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