How you make money in the Forex market?
In Forex you can make
money with the different currency pair’s price fluctuations and you can do so
much if the price rises as if low since you can choose 2 different options when
you open a position:
Go long: open a buy position if you think that
the price will go up and then close the position with a sales order.
Go in short: open a sell position if you think
that the price will go down then close the position with a purchase order.
Buy cheap and sell expensive or buy cheap and
sell expensive are the objective of the millions of participants in the Forex
market. But the million-dollar question is:
How do we know when is the best time to buy or sell?
There are two methods
to try to predict the optimum time to buy and sell Forex: technical analysis
and Fundamental analysis.
-Technical analysis:
Tries to predict the
direction of the price through the analysis of its evolution and helping of
graphs with different values that has been taking, looking for formations,
signals of continuation or change of trends and being able to use a set of
indicators based on formulas, math, and statistics.
Technical analysis
may seem a little complicated at first but is actually much easier than you
think.
If you want to earnmoney by trading you must learn technical analysis properly. If you're a
serious, disciplined person you can learn in a few months.
On the Internet there
are numerous free documents to learn technical analysis and the most important
thing is practice. You can find some useful payment course but most will make
you lose your money without having learned virtually anything. You can also
visit our website from time to time or subscribe to our newsletter to receive
our trading articles automatically and you don't miss any. We try to offer you
explained in the simplest way possible and useful articles to help you learn,
avoid unnecessary mistakes, and defend yourself in this exciting world of
trading.
-Fundamental analysis:
It is also predicting
the direction and future price movements by analyzing the economic and
political situation that could affect each of the currency pairs.
Fundamental analysis
tends to be used by investors who operate in Forex usually long-term but can
also be used by traders who want to take advantage of moments of high
volatility to earn money. These moments of volatility are generally up to after
the emergence of important economic news and represent a good opportunity for
profit in a short period of time.
Such an important
article on the situation of a country like the United States may cause major
changes in the prices of currency pairs with the presence of the USD (American
dollar). A good economic data of unemployment, an increase in exports, a
measure of economic stimulus from the Federal Reserve announcement, can... make
that the USD is made stronger and therefore investors are they launched to buy
it increasing its value against other currencies as it may be the opposite
situation against a bad fact.
You have on hand an
economic calendar is a good choice to be aware of this news, focusing
especially on the most important since there are many throughout the day that
hardly will have impact on prices.
Professional or
experienced traders can detect opportunities for trading on Forex using
technical analysis and fundamental analysis, although most use technical
analysis. It is important that you learn to perform technical analysis
correctly and that you go catching practice and experience from the first
moment. Eventually, the technical analysis will be your biggest ally to
identify trade opportunities and earn money in Forex.
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