Introduction

What is Forex?

Forex is an abbreviation of foreign exchange markets. If you buy one currency against another (exchange). Its business, no matter what people say. It includes the purchase and sale like any other activity difference is only the medium is the currency.

How to Trade Forex?

The idea behind the trading is taking advantage of the price difference. In other words, buy when the price is low and sell when the price is high. It's like the item you buy at the store, the store is selling at a higher price for profit, except in the Forex, you can sell initially at a high price and buying later when the price is low.

When to buy and sell?

Logically you sell when the price is down, and you can buy when the price rises. It's simple but in practice this is what kills most traders. Something so simple can be so complicated.

How to know when the price goes down / up?

The price is down, when you cease to make new highs. The price is increasing, when you cease to make new low.

Final advice

Forex is a human activity. It includes the purchase and sale. Because this is a human activity, is not predictable. You can not predict when it's time to go to the bathroom, or if you're going to cut your hair. It 's all based on the situation. The forecast is for a declaration intelligence Forex. They do not need.

Fortunately, not everything is unpredictable. The natural tendency of humans to follow what others are doing. In Forex there is something called Trend. This happens when a lot of people do the same thing at the same time (follow?). when people buy more, you buy. When people are increasingly selling what you sell.

Do not be greedy. Set reasonable goals for each trade and exit when you get your goal. There will always be another trade tomorrow and you do not have to act every day to earn money. Btw, last week I only trade once.

Good luck to you all operators. In order for new blood, it takes time. Give it two years before they can understand and go kill.