A skill that matters

For many there is no doubt that money management is one of the best skills to develop to be successful in Forex. If I had to choose between an operator who had money management skills but nontechnical and one with excellent technical knowledge but without proper money management, safely I give my money to the first, always. Perhaps it is inconvenient for those who wish to convey knowledge of Forex, express this view. However, in all circumstances, we prefer an operator with sufficient technical knowledge and sufficient knowledge of money management. All we prefer, in the first instance, to achieve excellent technical expertise to develop the ability to predict market movements. This would be the ideal and good work on it. But the truth, the truth is that talent is not what produces profits in the long term. That honor belongs to development and skill of money management. It is a simple strategy to be successful: manage your account, your money, so to be able to withstand losses not let him out of action. Losses being part of the business, you must handle so that we can recover and move forward. New entrants care how much can earn; advanced traders deal as can lose! Successful traders take minimal risk and keep your losses small. They know reject transactions that threaten large amounts of capital no matter how promising the transaction. They cut losses planned way in advance. Operators generally lose, they risk more than they should, let losses run in hopes that prices will rebound and there is the beginning of the disaster. This is not to operate to operate nor seek "the business of life", the operation that you become rich. These are operations that produce losses than gains so making equal amount of winning-losing operations, the result is positive, for example. The secret is to perform only the operations that have a high probability of success. Losers operators do not have enough patience to wait for the opportunity and they begin to risk without discretion, on exposed and do not know where to go. Winners operators are patient, waiting for the opportunity of easy gain, conserve and care for the capital. When that time comes, they take advantage. Point. This is the plan. You can not control the movements of the market. You can only control your emotions. You need to be disciplined, patient ... have control of your attitude and your account. And this is also learned.

The attitude of a novice trader facing the charts

I have known many cases of people who try exactly the same strategy of another trader but do not have the same result of this ignorance and wonder why?   Is clear and indisputable that the attitude we take towards the market is critical to the success of our career, an operator must have a similar attitude to that of a psychopath: quiet, calculator, fribola, nerves asero, sure of what he does but others paresca them crazy, facing each market must be a murderer full of pips, corner the market in a very sagas.   When this attitude is acquired is very easy for any operator to succeed regardless of the method applied, it will not have the need for doubt or fear, there is the scheme will be if or will not, will be fully consistent with what is done and if there is loss or gain is equal, the intention is executed according to the logic is not the feeling of the moment regardless of the consequences, because now everything is coldly calculated, the stop and take profit stood equally in accordance with logic not with emotion that produces the expectation of will win or lose ?.   That's when the real race the trader begins, an operator must be a psychopath market, liquidating before take the next step, detect, corner him without giving out, put infallible traps and for this you need to study their behavior, their way of reaction its time of entry and exit, their strengths and weaknesses, this needs adaptation and practice and may be corralling the price, indicators are just a weapon but of no use if you do not know how to use on the victim, such as using a bow and arrow on someone wearing armor and a shield, so it is with the market when there is to know about what else moves, how it moves, how it reacts ...   Indicators are not more than a help, they are not essential, so my recommendation is to begin to understand without indicators, candles this whole pattern we need to study a whole, if we let all indicators very likely will the victorious market, its price they always react first.   The market is one, you have to study, understand it to take the lead.   Note: The example of the psychopath is only an analogy with the teaching point has nothing to do with learning incentives to operate outside the market.

The time in the investment

Sociological studies and the simplest observations can set the current consumer society as more demanding, suspicious, maverick and impatient. At the same time, reducing the life cycle of products is spreading to different sectors. All this is definitely affecting investment products.

These characteristics in the financial world can be seen in the search for high returns even though it may entail more risk. Some time ago the most common investors were the shareholders of large companies. While aimed the same as today, ie profitability, betting on a firm, they undertook and part of a project could be seen. Some of these companies were considered safe investments chosen were those that could never break and / or were led by senior and known positions, sometimes related to politics. Some of them are now in bankruptcy or dissolution processes.

Distrust, partly generated by the financial crisis and these events unthinkable a few years ago, makes no longer sufficient a tiny but steady annual dividend, but today is better than tomorrow, again regardless of the risk. Next to the conventional, we can now draw a new type of investor. This can deposit funds in the morning from a mobile application to invest in an asset with strong volatility but with clear behavior and close positions at the end of the day or short term.

These factors explain the growth of leveraged products such as CFDs (introduced in Spain in 2007) where the simplicity of investment, intuitive platforms, low fees and a possible high short-term returns are the key factors.

If the weather has always been a major player in the central pairing of investments, even today it overestimates or puts it to the other two factors, reaching to evaluate an investment opportunity trinomial: Time-Risk-Profitability.

What is Bitcoin? How does it work? Where do you buy it?

In the mouth of all, Bitcoin, the currency of the Internet, monopolizes praise, criticism and suspicion in equal parts. With numerous advantages over traditional payment systems, Bitcoin presents, like any self-respecting currency, a somewhat dark side that caused, for example, Thailand has banned Bitcoin transactions within its territory. A first step is expected to give other nations.

But first we need to answer some questions, which will be the reason why you come to this article: What is Bitcoin? how does it work? Is it legal? We answer, simply, to these and many other questions about Bitcoin, the currency of the Internet.

What is the origin of Bitcoin?

Bitcoin has its origin in 2009 when Satoshi Nakamoto, pseudonym of one or more persons, decided to launch a new electronic currency whose peculiarity is that only served to perform operations within the network of networks. Bitcoin refers to both the currency and the protocol and the P2P network on which it rests.

So what is Bitcoin?

Bitcoin is a virtual and intangible currency. That is, you can not play in any of its forms as with coins or bills, but can be used as payment in the same way as these.

As happens with the money we have in our bank the Bitcoin increase or decrease our personal account as we make income or expense, the only difference is that there is no possibility of monetizing, as when, for example, withdraw money from a ATM.

What are the peculiarities that make it different from Bitcoin?

Undoubtedly what makes it different from Bitcoin over traditional coins and other virtual means of payment as Ama zon Coins, is decentralization. Or what is the same, Bitcoin is beyond the control of any government, institution or financial institution, whether state or private type, such as the euro, controlled by the European Central Bank or the dollar by the Federal Reserve USA.

In Bitcoin control is performed, indirectly through their transactions, users themselves through exchanges P2 P (Peer to Peer or Point to Point). This P2P structure and the lack of control makes it impossible for any authority to manipulate their value or cause inflation producing more.

In fact, production and value is based on the law of supply and demand. Another interesting detail is that Bitcoin has set a limit of 21 million coins, which will be reached in 2030.

How much is a Bitcoin?

As we have indicated the value of Bitcoin is based on supply and demand, and is calculated using an algorithm that measures the amount of movement and Bitcoin transactions in real time.

Currently the price of Bitcoin stands, euro up or down, around 475 euros (to February 13, 2014), although this value is far less stable since Bitcoin is ranked as the most unstable currency forex market .

For example, analyzing the period between August 2012 and August 2013, it reached a peak value of 134 euros in April 2013 although early February its value was around only 16 euros.

In fact, its value has increased 600% in the first three months of 2013. Details by which many experts think that this is a tremendous bubble filled with speculators who, sooner or later, will eventually explode.


Source: bitcoin.de

Here are some updated tables, the first shows the historical evolution of Bitcoin, from its inception until this year 2014. As you can see, its value has increased exponentially. The second shows the evolution from early 2014 until mid-February.

bitcoin historical evolution
bitcoin evolution in 2014
Bitcoin has risen so much that has come to take the case of an American who spent $ 27 in 2009, he forgot them, and when it was agreed four years later, had this absurd, so bulky, amount of money.

How do they work?

Bitcoin to operate only have to download any of the available applications, there are multiple alternatives to any operating system, either desktop or mobile as iOS or Android (or multibit Bitcoin Wallet, are just a few options).

With them you can create your purse Bitcoins that simplifying, consists of a private key associated with a public key with which to perform operations. Thanks to them, the Bitcoin can not be forged and ensure that user to user transactions are conducted safely.

Bitcoin Wallet
How to get Bitcoin?

There are three ways to get or buy Bitcoins. The first, and simplest, is accessing any of the markets Bitcoin as MtGox or Bitcoin.com that allow conventional money exchange, euros or dollars for Bitcoin.

Another way is the exchange of goods with other users, ie the purchase / sale of life but paying with Bitcoins. The last, and strangest, is the "mining". This practice is to use part of the resources of our computer in solving extremely complex in exchange for Bitcoins mathematical problems.

Currently about 25,000 people perform this task and about 25 Bitcoins are generated every 10 minutes, so this practice to get virtual currency is becoming more complicated, unless you belong to one of the colonies of miners circulating on the network.

Is it legal Bitcoin?

The legality of Bitcoin is simple to summarize "Bitcoin is legal in that place which accept as payment in a transaction", so easy and simple. Being out of control of any institution there is a legal vacuum on it.

Moreover, being anonymous and encrypted transactions between two users, they are free of any commission or tax such as VAT.

What is the dark side of Bitcoin?

Decentralization and anonymity, have made Bitcoin in the preferred fraudulent transactions such as the sale of drugs or money laundering payment. It is also the means of "official" pay lowlife Internet.

This has made government institutions Brigade US economic crimes (FinCEN) have stopped making "blind eye" and want to implement regulatory measures for operations with Bitcoins.



Wordpress
But not all not all uses are alegal. Wordpress, for example, can pay in store with Bitcoins and it seems that the first ATMs that work with this virtual currency are very close.

It's time to trade with Gold?

 

We are beginning the month of March and we realize that there was a funny made in February: Spot gold had a wider range in that only comparable month that recorded in August 2013, which was two and a half years. It seems as if the volatility has returned to this market, and volatility means that traders have a good opportunity to make some money!

Most Forex brokers offer trading spot gold, or even monthly futures contracts gold, both equally good when it comes to speculate in gold. That means that, whatever the broker you use, the option of negotiating with gold will be there when you want.

As life seems to return to the gold market, we'll see if it's really time to trade the precious metal.

Rational Trade Gold

Gold gives a special feeling to many people when purchased. If that is the case, then you should try to think of gold less passionate way. Think only about price fluctuations, not the metal itself; try to imagine that you are buying or selling something opaque like aluminum! Unfortunately, many traders lose their heads for gold and begin to negotiate rationally rather than emotionally

Since the US dollar was detached from the gold standard in 1976, the precious metal has floated freely against the dollar. Gold has made two surprising upward trends against USD since: the first at the end of 1970 and then again from 2002 to 2011, when it went from $ 275 per ounce to more than $ 1.900! Many economists believe that gold functions as a "store of value" alternative to fiat currencies like the US dollar, which are entirely based on debt, and is forced to increase in value during periods of relative currency debasement, as might be happening now. If so, it might be time to trade gold.

Historical facts

I have always believed that traders can make money in the markets more easily by following trends and the proper use of stop loss. In Forex, a method that has worked well in recent years to trade currency pairs including USD is trading on the price direction of 3 and 6 months, if not conflict. Although gold against USD is often considered just another currency pair tends to move faster and stronger than the Forex currency pairs. We can see this by looking at the results of a test that used historical data from 1998 to 2014. In the test, gold is bought or sold on a weekly basis and held for a week, depending on whether the price at the weekly opening was more higher or lower than it was 6, 3 and 1 month before.

The results are shown in the following table:


Gold Historical Data

Analysis

There are two key points that are revealed by this test of historical data:

1. Going short on gold is a statistically problematic and was not profitable operation based on the drive, regardless of the period in retrospect used.

2. Going long on gold was profitable in any historical period, but the best results were achieved by operation when the price was higher than it was one month, 3 months and 6 months; that is, when the pulse was extremely strong. This differs from the Forex currency pairs, which tend to be oversold when the momentum is very strong.

If we apply this analysis to the current market situation in terms of gold, you can see that this is definitely a good time to trade gold as its price is above where it was 1 month, 3 months and 6 months ago. This is the kind of market situation that produced the best results when applied to historical data.

Day Trade Gold

Day trading gold can be very difficult in short periods of time, and this differs greatly from Forex, although there are some similarities. The price discovery process can be very difficult to gold, because nobody really knows how much gold bullion held by banks. In addition, the spread in the gold trade is relatively higher than in the major currency pairs, so it will cost you more proportionately. For these reasons, it is generally going to be much easier to negotiate gold in the time frames H1 or H4.

An interesting aspect about gold that has been observed is that there is a statistical pronounced tendency in which the price falls around the time of opening of London and up around the time of opening of New York. Therefore, the opening of New York could be the best time to trade gold now.

conclusion

Technical evidence suggests gold is in a strong uptrend that probably will not persist, especially as the price is above where it was done 1, 3 and 6 months. This means that it may be a good time to trade gold at this time. Entering gold transactions over when a stop loss to justado is available and aiming to take profits on risk ratios of maybe 2 or 3 to 1, while a part of the operation is allowed to continue running could be a strategy successful trading.

Members of Forex Market

The forex market is made up of different members, with varied needs and interests, which operate directly. These participants can be divided into two groups, the interbank market and the retail market.



The interbank market
The interbank market Forex involves operations that occur between central banks, commercial banks and financial institutions.


Central Banks - National central banks (such as the US Federal Reserve or the European Central Bank) play an important role in the Forex market. As monetary authority, their role consists in achieving price stability and economic growth. To achieve this, these entities regulate the money supply in the economy through the imposition of interest rates and bank reserve requirements or lace. They also manage foreign currency reserves that can be used to influence the market conditions and the price of currencies.


Commercial Banks - Commercial banks (such as Deutsche Bank and Barclays) provide liquidity to the Forex market due to the volume of commercial operations that handle day. These operations include the conversion of foreign currency based on the needs of customers while some are held for speculative purposes negotiating table owned by banks.


Financial Institutions - Financial institutions such as mutual funds, pension funds and brokerage firms operating with foreign currencies as part of their obligations in order to find the best investment opportunities for its clients. For example, a manager of a securities portfolio and international actions will have to engage in foreign exchange transactions for the purchase of foreign shares.



The retail market
The retail market involves transactions between small speculators and investors. These transactions are executed by brokers or Forex brokers who act as intermediaries between the retail market and the interbank market. The members of the retail market are hedge funds, corporations and individuals.


Hedge Funds - Hedge funds are private investment funds that speculate in various assets classes using leverage. Hedge funds aim to seek business opportunities in the Forex Market and design and execute operations after making a macroeconomic analysis that reviews the challenges affecting a country and its currency. Because of their high liquidity and their aggressive strategies, they are considered a major contributor to the dynamic Forex Market.


Companies - These represent companies engaged in the import and export activities with their counterparts in foreign currencies. Its main business requires buying and selling foreign currency in exchange for goods, exposing them to risks. Through the Forex market, they convert currencies and cover themselves against future fluctuations.


Individuals - Individuals operators or investors operate Forex with their own capital to profit from speculation on future exchange rates. Mainly they operate through Forex platforms that offer accounts with low spreads, immediate execution and highly leveraged margin.

The crux of Forex trading

Forex, FX, currency trading or foreign exchange transactions are the best known names, which generally can be summarized as a theory online on the relative estimates of economic types according to the method for a trading account.

This article will cover in a couple of sections key Forex trading practical details, using clear terms and in the midst of its trading operations online, become the basis of fundamental information on a type of essential vocabulary Forex in basic exchange standards currency and distinguish the main monetary instruments available for a retail trader.

However, before going into the practical details of Forex Trading, from the structure we have today, we will wrap to reveal and understand where the forex exchange originated.

Opening a Forex Account

Birth currency market

In the decade of the 50 financial forces in the world they understood that global trade was becoming essential in the era of competitive advantage. World economies began to understand that the universal exchange as a means to raise capital was inexorably becoming a basic, non-violent method, instead of being a method of warfare and success. Quickly, much of the innovative advances in information transfer and international logistics of the 20th century, had made the world a smaller place, delivering major systems to encourage all universal exchange that could crave. For the 70 it needed a simple strategy that allowed move cash around the world.

In much of our monetary history, even after the development of money printed in China in the 11th century, governments to ensure the estimation of their money, they hoped that there was a similarity in weight between their national currency and economic resource was recognized on regular basis. First came the grain and then for a long period, it was gold equivalent. As you can imagine, this forced the real limits on the pace of monetary development. In 1971 the President of the United States, Richard Nixon, resigned at the highest level, which had supported the conversion of the dollar since the end of the 2nd World War, allowing the dollar was kept afloat and having their own assessment against different monetary rates and gold. How long the banks can make cash or credit without the requirement of a backup resource basically nothing?

Finally, these improvements allowed the realization of a shopping mall decentralized exchange that allowed money exchange operations, necessary based on import tariff limitless economies.

Forex What made it what it is today? That there was a further financial development and innovative progressions. Watch the Internet! Particularly, the integration of each electronic device in the world.

Apparently, one of the greatest achievements in computing the period was, among other things, digitize our money. In the unlikely event that paper money could make credit be transferable from one individual to another through direct trade in a ticket, advances in internet made a recognized exchange was as simple as clicking the mouse of the computer or play the screen. Initially, the Internet joined together a couple of computers, then a couple of nations and now more than 3 billion people. In the 90s it was perceived as a huge door open and were developed to empower organizations access to the foreign exchange market and records were used to establish the framework of markets, equivalent today to retail Forex trading. These organizations became known as Forex broker and account for them is that today anyone with only $ 50 in his pocket and an online platform can test your skills or try their luck in the Forex market.

This allowed Forex become the most famous in relation to the number of traders and trading operations carried out with the greatest volume, although in economic markets, Forex is the "youngest".

These are the essential records of the Forex market.

Like other progressions of the time, the foreign exchange market grew to satisfy a need. Initially it served to promote trade of money needed by the explosion currency trading worldwide. This change was driven by the mechanical development and the defection of the highest level, which benefited genuinely liquidity.

Although initially overseas trade evolved into business management worldwide, today more than 80% of Forex trades are speculative.

Learning the basics of Forex trading. Terms and concepts.



Know only the language of brokers do not become a decent trader, however, will help process the data stack needed to become one.

Currency trading or Forex - is a decentralized global market where currency trading takes place. In fact, the business of Forex currency market mix cash with the futures market and futures market.

The "spot market" is the biggest piece of cake and manages Forex currency prices and fast operations - on the spot. Although the other two markets are less known for a non-traditional trader, still worth mentioning. Both the "futures market" as "futures markets" handle transactions which are settled at a certain date, perhaps in a month or in eighteen months. The futures market is used for operations with modifications, while "futures markets" includes contracts.

The currency pair - is a key idea from the rudiments of the Forex trading transactions. To simplify and in connection with the foreign exchange market, think of the pair as a solo instrument money. For example, EUR / USD.

Forex Demo Account

The main currency in this pair is the Euro, called - base currency. The second is the US dollar, called - quote currency. Forex trading is obtained from the value of the base currency relative to the quote currency.

When taking a look at EUR / USD or other quoted in your trading platform value, you will see two numbers - the purchase price or offer and the selling price or demand, like this: EUR / USD 1.1234 / 1.1240 . This quote implies that you can buy 1 Euro for 1.1240 US dollars, claiming that the bank is applying amount - the selling price. Alternatively, you can offer one Euro for 1.1234 - the purchase price. Notice how a bank will buy money safely, to a somewhat lesser value and offer it at a price marginally higher. Banks can do that, because they usually have more power to exchange a broker. After all, they did not come to negotiate with you - you did.

To be totally objective, you can not bid or buy EUR / USD, as you would, for example, to acquire or offer shares in an organization, essentially arguing that there is no such thing as the EUR / USD - currencies are completely alone, not as accomplices of a pair or cross. So what it is what actually happens when your trading platform presses a purchase price or make an offer? After all, without a doubt, an absolute monetary and specialized wonder.

Pressing the buy button, your broker takes a small amount of trust your trading account as collateral for the operation that follows: buy euros and sell US dollars. Before long, waiting for the market to move in the direction planned, the euro has increased its quality against the US dollar, while it separately weakened against the euro. the order is closed. At this time, his representative reoffered the euro rose in value, as it has the ability to buy back more than the US dollar is devalued.

On the other hand, when you place a purchase order, the representative first offer euros for dollars, anticipating that the US dollar against the euro can appreciate. You must wait for the dollars are appreciated and then re-buy at the level that decides to close the operation.

Two things you should consider. For starters, traders can offer coins that do not actually possess. Second, in any operation it occurs both a purchase and a sale - the two sides of a coin is the exchange of currencies.

These are the essential technical aspects of Forex trading.


essential terms of Forex

A pip or point - is a basis for progress in the evaluation unit price and at the same time, among the basics of Forex, is an important principal term. When the purchase price for the EUR / USD rises from 1.1234 to 1.1235, 1 pip is.

The pips are the direct route for a broker to assume a benefit or a misfortune, as the estimate of a pip depends on the volume of operations.

The volume of transactions - is the size of a position available sales transaction, measured in parts. A volume of operation are 100k 1 lot of money to be invested, a pip increases to 10 lots of the listed currency. For example, when operating with 1 pip EUR / USD, 1 pip equals $ 10.

Spread - is the difference between the purchase price or offer and the selling price or demand. As we read earlier, it includes a currency quote two prices - the purchase price and the selling price. The price is consistently higher than the purchase price, from many points of view is why economic trade has much to do with the timing as well as with the assessment. The Spread is the motivation behind why constantly at the beginning of an operation not much negative P & G. One of the essential elements of Forex is that the price has to fluctuate so that traders can increase their profit.

The Spread is inherent if part of a food chain Forex. It's over when passing a liquidity provider to broker a broker and a trader. Has two qualities - can be fixed or floating (variable), the latter is used by most contemporary brokers. A floating spread is a more accurate picture of what is really happening in the market reflection - prices vary because the currency is liquid. Change in supply and demand. To a large extent, these essential elements of Forex trading deal with liquidity and a little instability. When the Forex market opens week on Sunday night (GMT), the spread is usually higher due to the default of players present number - this is known as a business minor, because the volume of trade and the amount of members, for example, increases in a midweek night, limiting the spread.

Also, the spread may increase when important news occur on the value, for example, during broadcasts of critical financial information.

Margin - in a nutshell is the real money. An average retail Forex trader simply no scope for directly foreign exchange operations. You can enter with around 100,000. That is why in the purchase and sale retail margin deposit from a customer or are leveraged.

Leverage - is another key to understanding the essentials of Forex trading term. Leverage is the money multiplier. Financial leverage 1: 100, offered by the broker, is what can turn a $ 100 into one that can control a currency pair or cross (crossed pairs) with a value of $ 10,000, so even the smallest fluctuation price is potentially profitable. However, note that leverage is an opportunity that comes with a risk warning, because the amount of margin available will increase or decrease as the value of traded currencies increase or decrease. Therefore, if the market moves against you, affect your account margin available in real time and if the margin is too low, the broker will liquidate loss by being unable to maintain the open position without risk.

What currencies are traded on Forex?



This guide to the essentials of Forex trading would be incomplete without highlighting the most popular assets available to a trader.

The major currency pairs, also known as major currency pairs, combine two of the five most popular world currencies - the US dollar, euro, British pound, Japanese yen and Swiss franc, as follows: EUR / USD, GBP / USD, USD / JPY and USD / CHF.

Notice how they all form a pair with the US dollar.

They are called cross pairs, pairs of compounds with one of the major currencies currencies, but they do not have the US dollar: EUR / GBP, GBP / JPY, CHF / GBP and so on.

There are other three common national currencies in foreign exchange transactions - the New Zealand dollar, Canadian dollar and Australian dollar. These coins can form a pair with the US dollar: NZD / USD, CAD / USD and AUD / USD and it will be a group of secondary currency.

Other currency pairs in the Forex market are known as exotic currency and represent less than 10% of all Forex transactions.

To conclude, in the case of this article is the first step on the way to learn the basics of Forex trading - do not stop here. It is a successful businessman who is in a constant search for information. When finished with the basics of Forex trading immediately pass the most advanced traders material.

Learn Forex in a day!

 

Pairs Investment, "coins".Knowing the currency market is important to understand that the currency pairs are traded on the forex market, not the individual currencies. These pairs can be different for each trade and the movement of currencies is almost constant. This type of trading is different from the stock market and other investments. It is important to understand how are the currency pairs and the market for it.

No Emotions.

Trading on a market must be completely void of all emotions. Transactions should be based on observed and market models, which are determined by a number of methods of analysis signals. Each trader has to be based on data from business decisions, not the feelings associated with trade.

Following a good trading strategy

A trading strategy is important and acceptable risks and other factors involved are described. Knowing the forex market quickly a strategy must be formulated. There are almost as many trading strategies as there are investors, this strategy must be unique to the objectives and the restrictions imposed by the operator in particular. Some investors are willing to take more risks than others. It is also important to follow the chosen strategy. Otherwise, usually it results in a loss of capital.

Use a practice account.

New investors need experience in the market, but beginners tend to have a high risk of capital loss while gaining the necessary experience. Practice or fictional narrative can help investors learn to trade the forex market quickly and without facing financial losses. These accounts allow an investor to choose currency pairs to trade without capital, and these operations are supervised by the performance. This can be a quick way to learn how to operate in this market and gain valuable experience at the same time.

Ask about the trend lines.

The ability to learn currency trading in one day is to learn the basics quickly. Learn and understand what trend lines are and how they work can help investors identify market trends before they happen. The levels of support and resistance are also an important part of currency trading.