FOREX TRADING FOR BEGINNERS

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Nick
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FOREX TRADING FOR BEGINNERS

Сообщение Nick » 29 июн 2018, 13:59

Tutorial from Comparic.com

This is a forex trading guide for beginners. I try to answer all questions about Forex trading. If you are new to trading or you traded stocks and want to learn more about Forex trading, then this guide is for you. The goal of this guide is to give you practice knowledge so you can understand Forex trading basics and trade by yourself. If you don’t understand some terms, go to sites like Investopedia, they covered all terms like margin, pip and many others.
8-)

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Nick
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Re: FOREX TRADING FOR BEGINNERS

Сообщение Nick » 29 июн 2018, 14:07

How to understand forex trading

When you trade stocks, you can select how many stocks you want to buy or sell (if you plan to go short). With Forex you are trading a currency. You can’t select that you want to sell 7523 euros. Starting point is 1 lot which is 100,000 units of base currency.

1 lot for EUR/USD = 100,000 euros
2 lots for EUR/USD = 200,000 euros
0.1 lot for EUR/USD = 10,000 euros

That way you can decide how much base currency you want to invest.

Of course, you do not have to have all that money in your account. Thanks to leverage you have only split of that amount.

In Forex, minimal movement is one pip. For standard basic 1 lot (100,000 units) move of 1 pip is equal to 10$ change.
8-)


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