5 THINGS TO KNOW ABOUT FOREX BEFORE YOU TRADE
TIMING
Just because the forex market is open 24 hours a day doesn’t mean it’s always active! See how the forex market is broken up into four major trading sessions and which ones provides the most opportunities. LONDON SESSION TOKYO SESSION NeW YORK SESSION
2. MARGIN
is the amount of money you are required to deposit with your trading platform in order to order and maintain positions in the forex market. Margin is used as collateral to ensure you can cover any losses you might incur on your positions.3. LEVERAGE
5. MAJORS & MINORS
The eight most frequently traded currencies (USD, EUR, JPY, GBP, CHF, CAD, NZD, and AUD) are called the major currencies or the “majors.” These are the most liquid and the most sexy.
All other currencies are referred to as minor currencies.
WHAT IS FOREX
Think the stock market is huge? Think again. Learn about the LARGEST financial market in the world and how to trade in it.Currencies are the name of the game. Yes, you can buy and sell currencies against each other as a short-term trade, long-term investment, or something in-between. The first thing that you need to know about forex trading is that currencies are traded in pairs; you can’t buy or sell a currency without another.
2. THE LONG & SHORT OF IT
These words are commonly used to describe the direction of the market.
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