What is Forex – 2 Minute Explanation finance 5 odday

What is forex and how to make money The most basic forms of forex trades are a long trade and a short trade. In a long trade, the trader is betting that the currency price will increase in the future and they can profit from it. A A scalp trade consists of positions held for seconds or minutes at most, and the profit amounts are restricted in terms of the number of pips. Such trades are supposed to be cumulative, meaning that small profits made in each individual trade add up to a tidy amount at the end of a day or time period. Day trades are short-term trades in which positions are held and liquidated in the same day. The duration of In a swing trade, the trader holds the position for a period longer than a day; ie, they may hold the position for days or weeks. New Official Telegram Group TMA OFFICIAL® Looking for a forex broker? I use Osprey Try a $ 100,000 fu nded account from OspreyFX Use coupon code movingaverage50 To get $ 50 off Get a free audio book from audible My recommendation on a paid indicator feature in several of my videos (Pip Hunter Indicator) Links to the indicators TMA Overlay TMA Divergence indicator TMA shop Looking for a forex broker? I use Osprey For charts Use Trading View Get some free stocks from WEBULL also Get some free stocks from Public What Is the Forex Market? The foreign exchange market is where currencies are traded. Currencies are important because they allow us to purchase goods If you are living in the United States and want to buy cheese from France, then either you or the company from which you buy the cheese has to This means that the US importer would have to exchange the equivalent value of US dollars (USD) into euros. The same goes A French tourist in Egypt can’t pay in euros to see the pyramids because it’s not the locally accepted currency. The tourist has to exchange the euros for the local currency, in this case the Egyptian pound, at the current exchange rate Rather, currency trading is conducted electronically over the counter (OTC), which means that all transactions occur via computer networks among traders around the world, rather than The market is open 24 hours a day, five and a half days a week, and currencies are traded worldwide in the major financial centers of Frankfurt, Hong Kong, London, New York, Paris, Singapore, Sydney, Tokyo , and Zurich—across almost every time zone. This means that when the US trading day ends, the forex market begins anew in Tokyo and Hong Kong. As such, the forex market can be extremely active anytime, with price quotes c I am not an attorney, accountant or financial advisor, nor am I holding myself out to be, and the information contained on this Website is not a substitute for financial advice from a professional who is aware of the facts and circumstances of your individual situation. We have done our best to ensure that the information provided here and Regardless of anything to the contrary, nothing available on or through this Website should be understood as a recommendation that you should not consult with a financial professional to address your particular information. The Company expressly recommends that you seek advice from a professional. * None of this is meant to be construed as inves I’m part of an affiliate network and I receive compensation from partnering websites. The video is accurate as of the posting date but may not be accurate in the future ..

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What is Forex – 2 Minute Explanation

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What is Forex – 2 Minute Explanation
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