Lin5878

Hello,

If you really want to make money from Forex trading then first you need to know what is Forex and how does it work. Here are some definition about Forex trading and how does it works. I think it's will be helpful for beginners who want to start trading.

What is a Forex and How does it work?
Foreign exchange market, Forex or FX is a global decentralized or over-the-counter market for the trading of currencies. This market determines foreign exchange rates for every currency. It includes all aspects of buying, selling and exchanging currencies at current or determined prices. In terms of trading volume, it is by far the largest market in the world. The main participants in this market are the larger international banks. Financial centers around the world function as anchors of trading between a wide range of multiple types of buyers and sellers around the clock, with the exception of weekends. The foreign exchange market works through financial institutions and operates on several levels. Behind the scenes, banks turn to a smaller number of financial firms known as dealers, who are involved in large quantities of foreign exchange trading. Most foreign exchange dealers are banks, so this behind-the-scenes market is sometimes called the interbank market. Trades between foreign exchange dealers can be very large, involving hundreds of millions of dollars. Trading from 22:00 GMT on Sunday (Sydney) until 22:00 GMT Friday (New York).
According to the Bank for International Settlements, the preliminary global results from the 2019 Triennial Central Bank Survey of Foreign Exchange and OTC Derivatives Markets Activity show that trading in foreign exchange markets averaged $6.6 trillion per day in April 2019. This is up from $5.1 trillion in April 2016. Measured by value, foreign exchange swaps were traded more than any other instrument in April 2019, at $3.2 trillion per day, followed by spot trading at $2 trillion.

What is a Forex Broker and How does it work?
There are 3 types of forex brokers:
ECN Broker
MM broker
STP broker
ECN means Electronic Communications Network (it is a network) Within this network the broker collects the prices of several liquidity providers such as banks, or financial institutions and always selects the best prices to offer them to its customers. Broker ECN offers real market conditions offering its customers the possibility of operating under the same conditions as banks and other large companies. Spread are lower offering Market Makers or STP brokers. There are no conflicts of interest with its customers. Transactions in ECN are performed as instant execution, that is, without any delay.
Market Maker are the brokers that create their own markets and conditions, which means that prices do not enter directly from banks etc. Virtually every 1 of 3 brokers is Market Maker. They offer spreads a little higher than ECN or STP.
STP is by Straight Trough Processing. They work more or less like ECN, sending all transactions directly to the market. STP brokers always increase the spreads offered by liquidity providers and this is their benefit. There are no conflicts of interest with its customers. STP brokers offer to carry out transactions as Instant execution, without any delay. Operations always go to the foreign exchange market, liquidity providers, banks or financial institutions. More about Forex trading for beginners.

https://www.forexprotect.com/forex-trading-for-beginners-1.html

Thank you.

On 6/17/2020 at 6:56 AM, Upoctin said:

Greed has a curse . Greed patient never get normal because their nature cannot be changed they are addict to greed. In my views when you set a goal of profit to achieve and you achieve your goal after that you want to go beyond your ideas and goals to earn more and more that is called your greedness .We should control on our emotions and determined to our goals.

You are right my friend. Greed is the main reason for losing money in Forex trading. So, every new traders need to avoid greed in Forex trading.

Hello dear,
Forex trading is very popular nowadays. However, it must be remembered that forex trading is a risky business. But more important than that is how you can keep your forex trading business the most secure.
Here are some information and tips for you. I hope it's will be helpful for you.

Currency Trading: Protecting Your Forex Account and Keeping Information Safe
Trading forex can be an enjoyable and profitable experience, especially if you have the knowledge and skill required to succeed. That being said, the realm of forex hasn’t escaped the wave of cybersecurity issues that have plagued various investment markets in recent years. Anyone that actively trades forex needs to take account security extremely seriously—more seriously now than ever before. Below, we walk through the steps you need to take to make sure that you’re protecting your forex account and trading within a safe environment.

1. Only Register With a Reputable Broker
2. Choose a Strong Password
3. Understand Broker Regulation
4. Avoid Trading on a Public Network
5. Trade Behind a Firewall
6. Don’t Log in to Your Account on a Co-use or Public Access Computer
7. Maintain a Virus-, Malware-, Spyware-, and Ransomware-free Computer

Some Ways to Avoid Losing Money in Forex:
Find a Reputable Broker 
The forex industry has much less oversight than other markets, so it is possible to end up doing business with a less-than-reputable forex broker. Due to concerns about the safety of deposits and the overall integrity of a broker, forex traders should only open an account with a firm that is a member of the National Futures Association (NFA) and is registered with the U.S. Commodity Futures Trading Commission (CFTC) as a futures commission merchant. Each country outside the United States has its own regulatory body with which legitimate forex brokers should be registered.

Use a Practice Account
Nearly all trading platforms come with a practice account, sometimes called a simulated account or demo account, which allow traders to place hypothetical trades without a funded account. Perhaps the most important benefit of a practice account is that it allows a trader to become adept at order-entry techniques.

Keep Charts Clean
Once a forex trader opens an account, it may be tempting to take advantage of all the technical analysis tools offered by the trading platform. While many of these indicators are well-suited to the forex markets, it is important to remember to keep analysis techniques to a minimum in order for them to be effective. Using multiples of the same types of indicators, such as two volatility indicators or two oscillators, for example, can become redundant and can even give opposing signals. This should be avoided.

Moreover, Many new technologies are being invented day by day to make our lives easier. You will find information on various technologies on the Internet. But if you want to be the first to get the latest information on modern technology, then Hide protection technology explained site is the best for it. As people's lives are improving day by day with the touch of technology, human privacy is also under threat. So, using this advanced technology in the right way can only help you to provide maximum security of your privacy Hide protection technology explained. There are many types of privacy protection information you can find on the Internet, but you must first understand how effective it is. But I think this site is helpful in giving you information and advice on real privacy protection. This is an Arab Blog, Contains a large number of technical articles and exclusive explanations related to technology.

How to Protect your Forex Profits
Forex beginners usually spend most of their time considering how to enter trades but without giving much thought about how they plan to exit them. Experts, on the other hand, pay very careful attention to their exit strategies and always know how they intend to exit their trades even before they open them.

They utilize a number of well-tested exit strategies to accomplish this task. For example, they may decide to exit a position when a technical indicator has achieved a predetermined critical setting, such as the crossover of the Stochastic Oscillator. Alternatively, they may target a price level which they think a currency pair can readily achieve from prior considerations of technical and fundamental factors. Some traders prefer to select a time period within which their targets must be met otherwise they will close their positions.

So here are some tips and information for you. I hope you understand.
Thank you.

Yes, discipline  and  passion is very important in trading. 

Hello Everyone,

CNBC Reported that, The users of Robinhood haven't been happy lately, they're actually getting together and suing the company for negligence over a series of outages that left them unable to trade on the day with "the highest single-day market gains in recorded history” according to the lawsuit.

Rival 'Webull' Makes Waves...
With Robinhood struggling, their biggest rival Webull is standing up and taking them on. 
Now offering 2 free stocks to new users who join via special invite links like this one, this is double the free stock giveaways that Robinhood offers. 
Many credit Robinhood's success to their 'free stock for new members' offer - so will it work twice? Probably.

https://www.technews.city/2020/05/robinhoods-unhappy-users-targeted-by.html

Robinhood's Strength is Also It's Downside...
A huge plus with Robinhood is that you feel comfortable suggesting it to a friend or family member who is just beginning their journey into investing.  It's extremely simple to use, and learning how is really something most people can do in a day.
But once you've learned the basics, and the amount of money you have invested rises, you want to know more.  You want more details on the companies, more data on the market, etc.  Robinhood users will be out of luck. 
Thank you.

On 4/12/2019 at 10:04 PM, Gee Dee said:

Knowledge acquisition should be developed from the inner of a trader, nothing should be imposed actually. Traders need to progress his thought and skills by continuing his education. Education gathering is a growing process and thereby no trader should stop his learning process. To be sure about your own point, you must be skilled on related sectors so that you are fully aware that whether your decisions of making fund utilization are ideal or not.

 

Thank you so much for your advice, I agree with you. 

again thanks.

Hello everyone,

How are you, Hope you all are well, today i want to share with you some cryptocurrency trading and exchange related tips, which is very important for beginner.

Put your investment in several coins

Warren Buffet had once quoted - “don’t put all of your eggs in one basket”, and that’s very faithful the cryptocurrency market. Hence, you ought to invest in several coins and avoid investing in just one coin to avoid high risk.

Every trade cannot guarantee a profit

As cryptocurrency is more or less almost like other CFDs like forex or commodity, there are chances of loss also, and nobody can promise to be profitable in every trade.

Avoid fear and greed factors

Fear and greed are two emotional factors which require to be eliminated in every way possible since these two are liable for bad trades. However, it's impossible to eliminate these factors.

Judge your investment with Bitcoin

To trade Bitcoin, you'll incur a big amount of fund as an investment; just in case of the adverse market scenario, you would like to understand your investment capability, holding period and loss capability thus you don’t have any significant impact in your lifestyle . Think before investing as any profit/loss you'll afford without deteriorating your social or financial life.

Invest before you recognize the danger

There are always risk related to cryptocurrency trading despite being well-versed with it. Therefore, you want to calculate the share of risk and the way much which will impact the capital negatively. Also, if the danger is well-calculated and you've got agreed positively in touch , then such traders may choose this type of trading.

Some cryptocurrency exchanging tips:

If you really want to Exchange your cryptocurrency with the best price then, first of all you need to find out a best cryptocurrency exchanging platform, which will provide you the best price for your cryptocurrency. Such as EXCHANGE qiwi for Bitcoin. yes, exchange qiwi for Bitcoin (обмен киви на биткоин) is also a good platform for exchanging cryptocurrency. But if you want another good exchanging site then my suggestion is first research more then exchange. because all exchange platform is not the same.

SO, you can follow these tips for cryptocurrency trading and exchanging cryptocurrency.

Thank you for your cooperation. 

Breakout trading is used by active investors to take a position within a trend's early stages. Generally speaking, this strategy can be the starting point for major price moves, expansions in volatility and, when managed properly, can offer limited downside risk.

8 hours ago, bearhugs said:

Forex is a global financial market where one cannot earn money unless they have adequate knowledge to do so, so its necessary to work hard on your skills, on your development of knowledge and being aware of all whats happening in market.

But you also need to having technique, new unique ideas in forex market. Yes hard work is important in forex but without knowledge, practice, technique, idea just hard work is not effective in forex trading.

Moreover, for trading you need to understand forex market behavior. You need to world economical news every day every monent.

On 3/15/2017 at 12:01 PM, RusefTrader said:

The best Forex trading system is a combination of currency trading strategies that fit your style, temperament, and risk management. There is no one "best" Forex trading strategy in making profits in the currency markets. However, there are many excellent systems that have been developed and are being used every trading day. Each one was custom tailored by the person who is enjoying the profitable results it produces.

Take the Time

To make money in the Forex markets, you need to develop your own Forex trading system. This means taking the time to get Forex training available throughout the Internet, as well as through brokers and other educational sources. There's a gold mine of Forex courses available. But as the old saying goes "no pain, no gain." You have to take the time to study all the technical and fundamental factors that affect Forex trading in order to develop the currency trading strategies that will make you money.

Forex Trading Essentials

Limiting your losses, allowing your profits to run, and properly identifying your entry and exit points, are essential to any system. A proper forex education will allow you to develop a system that takes your emotions out of your trading, minimizing your mistakes. A proper background in chart analysis, moving averages, and other indicators, is what is needed to produce successful results. You must have the discipline to use these tools to become a successful trader.

Valuable Information

Information is king in Forex trading. The uninformed always lose. You have to have a good trading platform together with the proper software to obtain the information that will help you make your decisions with speed and accuracy. Your success will entirely be dependent on how effectively you recognize and exploit trading signals. One must be able to expect and determine what will happen in the future. Through your analysis of the available information, you'll be able to calculate the probabilities of profit and loss on any individual trade. With proper risk management, currency trading strategies can be developed to produce wonderful results.

Managing your Forex Trading Risk

All trading entails risk, and as such, risk management is essential. Developing a Forex trading system and standing by your strategy will yield greater results; decisions based on fear rather than a predetermined Forex trading strategy will always result in failure. Keeping your emotions out, will help minimize your Forex trading risks. You should always limit the major risks, and never risk more than a few percent of the money you have available on any single trade. If you risk too much money on your trades, you will quickly lose your capital and be unable to trade. You must have funds to participate in the market to generate profits, and thus, preservation is as important as profit. Always have the intention to trade for a long period of time with consistently limited risks.

Hi,

Thanks for this article, its really useful for new traders. Yes,  in trading business you should have to loses mentality. Because its not sure that you will always get profit. Sometime you need to count lose. For prepare your mentality for accepting loses. Moreover, i think without lose you can not get experience in forex trading.

Again thanks for this article. 

Thank you..

Hi,

Setting a stop-loss order is one of the most important and mandatory actions when trading on Forex. The conditions of placing a stop order must be spelled out in the algorithm of each professional strategy. Otherwise, this strategy cannot be considered complete. However, some beginners who have just come to Forex, do not fully understand what stop-loss is and why it should be exposed. so every new traders first need to know about stop loses then starting trading.

Thank you..

6 hours ago, Sandre said:

I was not prevented by the lack of any education in order to start trading and make a profit. I got all the necessary knowledge from the broker Amarkets, where they are successfully moving forward.

Hi,

If you choice a good broker for your trading then you can learn many things about trading. But all broker is not same. May be amarkets broker is helpful. 

Do you please give us more information about amarkets broker? 

But lack of education is really a big problem of forex trading. 

Thank you..

Hi,

Forex trading is really difficult for new traders. Some question answer always need to know new forex traders.

1. What is forex? 

2. How can earn money with forex trading?

3. First, how much invest need in forex?

4. If invest loses then what should we do?

5. How we learn about forex?

So, if anybody know, please give answers.

Thank you..

Hi,

Yes,  you are right, forex trading is the biggest platform for making money. Some people lose their money in forex but a experience trader can earn more money with forex trading. 

Moreover, forex trading is a another way for learning a new lesson. You need to follow unique technique, you need learn more and more,  you need aware always in forex trading. If you see Its can give you a successful life. 

But you must need to practice, learning, spend time, making plan in forex trading.

Thank you..

Hello,

Thank you for giving advice. Actually its true that you need to research about forex trading, you need to a perfect plan for your trading and you need to practice more and more for become a successful traders. But knowledge is also important. Many people say that, they loses money in forex trading. Actually Its not easy.  Trading is one kind of risky business. Where you always need to be aware. You should invest some little amount at first, not big amount. When you can understand forex trading will be able to advance level then you can invest more. So, you need to spend more time with trading for understand trading perfectly.

Thank you..

Hi,

Yes,  it's right that, experience is very important in forex market, but one thing is no one is experienced at the beginning - one gains experience at work. So, if you really want to do forex trading first you need to know forex knowledge and technique. Then you invest some little amount, and slowly you have to experience in forex trading. So, first thing is just start.

Thank you..