You will learn how to identify trading opportunities, how to time the market (aka smart guessing), and when to take profits or close a trade.
Forex Pivot Point Trading Tutorial | Forex Indicators
A statistic that measures economic growth and stability ., Gross Domestic Product (GDP), employment rates, trade deficits, industrial production and business inventories.
School of Pipsology | Learn Forex Trading
What you learn here can be applied to stocks, commodities and futures. Wish you all the best in your trading and nice to have you here.
While the forex market is clearly a great market to trade, I would note to all beginners that trading carries both the potential for reward and risk. Many people come into the markets thinking only about the reward and ignoring the risks involved, this is the fastest way to lose all of your trading account money. If you want to get started trading the Fx market on the right track, it’s critical that you are aware of and accept the fact that you could lose on any given trade you take.
If you are in an uptrend and you see the price breaking above a pivot level, you can enter a LONG position and then place your stop loss below the pivot level.
You can open an account, depending on your choice, for as low as $655. There are three accounts available including Classic, Standard or Premium.
An official exchange rate set by monetary authorities for one or more currencies. In practice, even fixed exchange rates fluctuate between definite upper and lower bands, leading to intervention.
The difference between the bid and offer (ask) prices, which is used to measure market liquidity. Narrower spreads usually signify high liquidity.