Forex trading in generally can simply be defined as the exchange of one
currency to another currency.
It involves a global market where
currencies are traded virtually around the clock. This definition
does not fully explain what the would-be forex trader is going to face in
the forex platform after opening a demonstration account with
any preferred broker.
So, my simple definition of forex trading in a way a layman could
understand is the clicking of buy,sell or close order at the right time.
Note the phrase "right time" which means one has to get
the right knowledge to trade rightly. On a Forex platform if you click buy
or sell, you start making gains when the market moves the direction you
entered (either sell or buy) and if the market moves in the
opposite direction of what you entered in your forex platform, you lose money.
Period!
Hence, you must know the right time to close your order either with
some gains or losses added or subtracted from your
initial capital. Note if you trade the right way and time your gains
will be more than your losses that's when the money starts flowing
in gradually.
This is just a simple definition and I hope to share more tips as time passes
by. Just make sure you Subscribe to TaiwoPublishing by
Enjoy!
Taiwo
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Feel free to use the comment form below this post in asking me any question you
might want to ask.
To your success
Taiwo Ibiyemi
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