- Forex trading is the simultaneous buying of one currency and selling of another
- These two currencies make up what is known as a “currency pair”
- Currencies are always traded in pairs – each currency is represented by three letters
- The spread is the difference between the BID and the ASK price in the market quotes. The ASK price is applicable to a BUY order and the BID price is applicable to a SELL order.
- Techysquad operates using variable spreads, which are spreads that don’t have the same constant value. A variable spread will condense and widen as market conditions and liquidity change.
- Fundamental analysis is the study of the overall economic, financial, political and other factors that represent and quantify the economy in question and can influence a financial instrument.
- These macroeconomic and economic health elements of a country help traders to determine future movements in a financial market.
- Technical analysis is the study of prices over time, with charts being the primary tool. This is done by comparing current price action with historical price action to identify patterns that can suggest probable future price movement.
- Technical analysis helps traders to determine trends and acts as a signal or indicator to either buy or sell. Technical analysts believe that the historical performance of a financial instrument indicates the future performance on that instrument.
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VERIFY
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Forex Trading for Beginners
Forex trading for beginners can be especially tough. This is mostly due to unrealistic expectations that are common among newcomers.
It’s actually easy to install Meta Trader 5 and it’s available for a variety of operating systems.
It means you can access a larger portion of the market with a smaller deposit than you would be able to via traditional investing.
