HOW TO EARN MONEY FROM FOREX TRADING

            HOW TO DO FOREX TRADING

Trading foreign exchange markets entails acquiring or disposing of one currency for another. Profiting from changes in exchange rates between the two currencies is the main objective of trading. In order to trade forex, you must create a trading account with a broker who offers access to the FX market. You must deposit money after creating an account in order to engage in trading.

The majority of forex trades are performed to speculate on future price fluctuations, much like stock trading, rather than to exchange currencies (as you could do at a currency exchange when travelling). Like stock traders, forex traders aim to either buy currencies they believe will appreciate in value relative to other currencies or sell currencies they believe will lose purchasing power. 

FOREX TRADING TIPS FOR BEGINNERS 

[1]PRACTICE

[2]FORECAST THE MARKET CONDITIONS

[3]KNOW YOUR LIMITS

[4]STAY SLOW AND STEADY

[5]BE PATIENCE

[6]DON'T FEAR GROWTH

THREE WAYS TO TRADE FOREX 

THE SPOT MARKET

This is the main foreign exchange market where certain currency pairings are traded and exchange rates are set in real time according to supply and demand.

THE FORWARD MARKET

Forex traders also have the option of making a legally-binding (private) contract with another trader to lock in an exchange rate for a certain sum of money at a future date as an alternative to actually making a trade right away.

THE FUTURES MARKET

Similar to this, traders can choose to enter into a conventional contract to purchase or sell a certain amount of a currency at a predetermined exchange rate at a future date. Instead of being done privately, like in the futures market, this is done on an exchange.

What is the Best Time to Trade Forex in India?

Even though forex trading is available in India every hour of the day, seven days a week, there are some times of day that are better than others. The majority of traders concur that the most active periods of the market are the ideal times to trade forex in India. You can benefit from tight spreads, huge volume, and numerous profitable trading possibilities in active markets.

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