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How do the banks affect the forex at news events?
in
Galvenais
Mar 04, 2024 at 09:46
Banks play a pivotal role in influencing the Forex market during news events. When significant economic data or geopolitical events unfold, banks respond by adjusting their currency positions. Large financial institutions, armed with substantial resources and expertise, swiftly interpret the implications of news releases, shaping market sentiment. Banks' reactions trigger widespread buying or selling, causing currency values to fluctuate. Additionally, central banks may intervene to stabilize their national currencies or implement monetary policy changes, amplifying market impact. Traders ...
Complete newbie looking for advice
in
Jauni treideri
Dec 17, 2023 at 02:26
Embarking on a journey into the world of forex trading as a complete newbie can be both exciting and overwhelming. The foreign exchange market, with its dynamic nature and potential for profit, is a realm that demands careful navigation and continuous learning.First and foremost, educate yourself thoroughly. Understand the basics of forex trading, including currency pairs, market trends, and the various trading strategies available. Numerous online resources, tutorials, and courses cater specifically to beginners, providing a solid foundation.Practice with a demo account before risking real mo...
Reference
in
Galvenais
May 27, 2022 at 01:11
I have no experience with Zoddy. Still anybody can help you.
Indicators are useful but
in
Galvenais
May 26, 2022 at 00:32
Indicators are very important but not totally necessary. You can trade with simple price action.
Can you borrow money from the bank to trade forex?
in
Galvenais
May 25, 2022 at 00:46
i think we should trade by borrowing money. You must have your own money because forex is a very risky business.
Social trading apps and sites...?
in
Galvenais
May 23, 2022 at 00:33
It is good and very beneficial for traders.
Demo Trading Advantages
in
Galvenais
May 20, 2022 at 00:35
Demo accounts are extremely essential while working on this platform because they allow us to get experience and information about the forex forum. With them, we can easily make profit and bonuses and become a genuine and successful trader, which is the best thing that can happen in the forex market.
Money Management Tips
in
Galvenais
May 19, 2022 at 00:25
Money management in Forex trading means that your trading will continue and you will not lose much on your balance. This means that your equity will remain the same as your deposited balance and it is possible that successful trading strategies will help you in the forex market. I will apply to continue trading but if you have a significant loss in an open trade you will try to recover the loss which is the best option for hedging stretching if you continue to lose in open trade. Towards the same lot size, trade in the opposite direction is open and trades are closed for a short period of time...
Broker
in
Galvenais
May 18, 2022 at 00:29
You must choose a regulated broker with a good reputation in the field of forex.
C Trader Copy Trading
in
Jauni treideri
May 17, 2022 at 00:25
It is a good system but as ovisun said it eats a lot of memory so it should be considered.
Various Reasons why ppl use a lot of brokers.
in
Galvenais
May 16, 2022 at 01:15
I think we should trade with only one broker if it suits our trading style.
Is trading hard?
in
Galvenais
May 13, 2022 at 01:41
Though trading is hard but you can make it easy with your trading startegy.
Newbie on a steep learning curve
in
Jauni treideri
May 12, 2022 at 00:56
Hire a mentor and try to learn everything about forex from him.
Gold broker recommendations
in
Galvenais
May 11, 2022 at 01:00
XM is the best broker and you must try it once.
Free sources of professional Forex education
in
Galvenais
May 10, 2022 at 00:47
To learn forex you can join a lot of forex-related forums and can gain good knowledge from there.
Can forex trading make you rich ?
in
Galvenais
May 09, 2022 at 01:09
Yes, if you are an expert in forex trading. Forex is not something that can be entered without a thorough understanding of how the market operates. Although one can gamble and get wealthy, one can also gamble and go completely bankrupt. The greatest approach to making money in forex trading is to have a complete understanding of the market.
Diffrence between real & demo trading
in
Jauni treideri
May 06, 2022 at 01:27
Demo is only for practice and we can not imagine to trade with real money.
Different approaches of trading
in
Galvenais
May 05, 2022 at 00:58
I mostly love to trade long-term.
Basic mistake we make
in
Galvenais
May 04, 2022 at 01:24
Beginners often do not use trading tools in their trading, whereas trading tools are very important, as a stop loss, take profit, and pending order are very important, and often new traders are not properly using them in their trading, which is a very big mistake in my opinion.
Forex market
in
Galvenais
May 02, 2022 at 01:27
The primary reason why individuals join forex trading forums is to receive free rewards. If traders enjoy writing about trading or participating in trading articles, trading forums are the place to be since they can earn money. Why does this happen? Through the forex bonus program, traders can make money by publishing articles, posts, or anything else related to forex.
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