Swing forex trading strategy is a type of trading that aims to acquire gains in a stock. It also seeks to capture a swing or a single move with the help of daily and weekly timeframes. This is ideal for minimizing losses by closing a trade just before the occurrence of market pressure. WHAT ARE SWING TRADING STRATEGIES Though there …
Anna Kharchenko - author at ForexTrend
A Brief History of Forex
Forex (FX) is the marketplace for trading currencies. The Forex market is a venue for currency exchange. Here, Trillions of Dollars are traded every single day. Since its history, Forex has no centralized location. The Gold Standard In 1879, $20.67 equals an ounce of gold. This is the Gold Standard. Here, a country’s currency holds a value exchangeable to gold. …
How to trade forex
It is comforting to know that it doesn’t take a genius when placing a trade in the foreign exchange market. Let us start with the buying and selling of currencies. The primary aim of a trader when exchanging currencies is that the currency the trader chose to buy should increase in value compared to the sold currency. In this case, …
How to choose a forex broker
In search of a seamless trading startup, private forex investors must choose a good forex broker. But what constitutes a good forex broker? Given that forex investment entails a lot of risks, potential forex investors must know that choosing a good forex broker is imperative to help them turn into successful forex traders. But being new to the forex world, …
How is forex profit considered?
Generally, traders profit from trading forex by exchanging one currency for another in anticipation of a change in price. To be more specific, profit is earned when the trader speculated correctly that the money he had bought increased in value compared to the currency he had sold. Let us take a concrete example to give a clearer picture of how …
How Forex Trading Works
It is a puzzle for beginning traders and potential forex investors to draw a mental map and reconcile to the idea of how forex trading works and its glaring complexities. Honest to goodness, forex trading is an act of speculating. Traders speculate now and then the rise and fall of the prices of currencies. Currencies are bought and sold in …