Get to know Forex Trading and the complete Price Action Strategy
What is Forex Trading? This question is generally widely asked by those who are layman in doing one of these popular online businesses. Indeed to be able to run a trading business at least you know in advance what is forex trading, how it works, profits, strategies carried out one of which is price action in full.
Generally before doing techniques or tricks on forex trading, the first thing you should know is Forex Exchange or forex. We also know him by another name in The Indonesian language, namely Foreign Exchange. In other words forex is trading foreign currencies from various countries.
By knowing about understanding or definitions, tutorials, tips and tricks to do the business of forex trading, will further help you understand what exactly forex trading is. Although reported to make a lot of money, knowing more about the advantages and disadvantages is worth it. For more information about forex trading, let’s take a look at the description as follows.
Trading Forex
UNDERSTANDING FOREX TRADING
In his understanding, Forex trading is trading and buying and selling foreign money. For example, you can buy currencies from Japan or JYP as well as at the same time you sell European country currencies called Euros. This activity is called by the abbreviation JPY / Euro. In short, forex trading is a technique carried out to benefit from the rise and fall of the currency exchange rate.
However, it is important that you know that this type of trading does not occur somewhere physical or a market that exists in the real world. Instead forex trading is done in cyberspace using online platforms as well as trading applications. Some people do not know this well because of the lack of information received.
FOREX TRADING MARKET
As we have discussed in the understanding section of forex trading, the forex market is trading currencies. Did you know, this industry can be a container that does money turnover in excess of 4 trillion at once per day and is very liquid. In addition, the forex market is open nonstop full 24 hours for 5 days.
However, because there is a time difference in different countries, the trade activities are carried out at four different times. When trading forex can be done anytime and anywhere even just by relying on a small capital.
Read more on our Blog
https://bisnisgesco.blogspot.com/2021/01/get-to-know-forex-trading-and-complete.html
