As we know that
“Forex market is an
international money market, where we can instantly buy are sell different
international currencies on a single platform”.
So our first step would be the selection of any good broker
in international market, there are many broker which are offer their best offer
to facilitate their trader, we are working with www.instaforex.com
You can select any other which has some major qualities such
as
Minimum Investment:
Broker has not any fixed limit of investment, some
broker not allow to invest less than 100$ or 50$.
Deposit and
Withdrawal:
Broker has all major electronic processors including wire
transfer and franchise in your own country.
Trading Terminal:
They have mt4 or mt5 trading terminal which have all major
trading instrument and best indicators collection etc.
Assistance
Availability:
Their support will be batter.
Fees and Commission:
Broker has no commission and swap (interest), broker have the
option of swap free accounts. (Islamic account)
After all, take a look below
Hedging
This is a good tool to stop your loss without closing your
open position, for example if you have open an order with your full analysis
and you still sure that market will come back in the favor of your trade but
right now market is against your open trade then you can open another position
against your open trade. (If buy position open then you have to open sell). It
is called hedging, But I don’t like hedging…
Volume
1 volume is equal to 1000USD. And according to this
calculation if we open an order of 1 volume then on every one PIP (point) our
profit or loss will be 1$.
Pip
Every point of market price is called pip.
SL (Stop Loss)
Stop loss is limit tool we can set it on every trade. We can
set a specific price of loss using this option.
TP (Take Profit)
Take profit is limit tool we can set it on every trade. We can
set a specific price of profit using this option.
Technical Analysis
Technical analysis is based on different type of indicators
and financial instruments. But in this type of analysis, understanding of
indicators is too much important because it’s also a skill.
Fundamental Analysis
This type of analysis is based on latest news, political
situation, monetary policy and financial data which are easily accessible from
many top ranking websites, this is the most important type of analysis and
market can never ignore its impact on itself.
Chart Patterns
There are three chart
patterns, line chart, bar char and candle chart. Candle chart pattern is most
popular in forex market.
We are working with instaforex if you too then click below to open live account...
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