Having background knowledge in stocks and bonds is important for successful forex trading. New technologies such as Big Data and AI are playing a huge role within supporting forex traders across the globe. There are a lot of options for a trader.
You can use Forex which is the biggest market in volume and liquidity, but you should first understand the basics of contract size and how pip value measures change.
There are many Forex courses and not all of them can be trusted. A person should stay with their Forex mentor, even if they do not understand the mentor or part of what they teach. To start forex trading, I did two things. First, I created a demo account for each currency.
Next, I found out what trends my currencies had in the markets. Nowadays, I focus mainly on scalping and swing trading as it is more profitable for me than day trading.
I will start doing a column on the right side of my blog that will talk about different opportunities in currency trading, gold forex, and oil.
I’ll start today with Euro dollar futures. This is how I approached my trading when the market started, and the dos and don’ts of the stock market.