Friday 25 January 2013

How Do You Trade Forex?


Lessons on How Do You Trade Forex?
The base currency is the basis for the buy or the sell. In caveman talk, if you buy EUR/USD, you "buy EUR, sell USD."
You can make some serious dough trading forex thanks to margin trading!
A pip stands for "percentage in point" and is the unit of measurement that expresses the change in value between two currencies.
Because of leverage, even small investors like yourself can control large amounts of money!
Wanna impress your crush? Here are some forex terms to help you wow that special someone!
6.    Types of Orders
Knowing the basic order types is a MUST for any trader.
YOU SHOULD DEMO TRADE AND DEVELOP A SOLID, PROFITABLE SYSTEM BEFORE YOU EVEN THINK ABOUT PUTTING REAL MONEY ON THE LINE. Yes, all caps. That's how important demo trading is!
Forex Trading is NOT a get-rich-quick scheme. Forex trading is a SKILL that takes TIME to learn. You gotta know the risks!