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What Is Forex Currency Trading
What Is Forex Currency Trading
Currency trading / Forex trading is a market in which investor buy or sell some specific currency
pair. The commonly traded currency pairs are
EUR/USD
USD/JPY
Position Types:
As I mentioned in my previous posts that there are two types of positions, BUY position and
SELL position. IF we are in BUY position, If market moves up we are in profit. If we are in
SELL position the market goes down we are in profit.
Messy Metatrader charts and together weird stuff like sell buy signals they are nothing. They
don’t have a real place in the trading. Like for example you visit a site like this indicator will
give you exact signal and that indicator will give you exact signal. Remember “THERE IS NO
RULE OF THUMB IN Forex”. All indicators repaint and change their up down sell buy arrows
from time to time. So don’t buy then create a system, Believe in your system and go ahead.
In day trading career your physical appearance does not matter no matter you are slim or
fat or you have Ph.D or B.A or even Matric All you need is the control on your emotions
and desire to earn more. You need to balance the greed and the trading.
You don’t need manpower to run the day trading business. All the things will be pre-
arranged when your get with them broker. Your broker will do everything for you.
Day trading is better than the any conventional business, like shop rent, furniture and
security guards etc are not required.
Simplicity is key beauty of the day trading. All you need is the computer connected with
internet. A best broadband connection is required.