Hi, anyone here who makes money from forex trading or even do it fulltime for living. As per my understanding, forex trading is only for hedging and usually people who make money play on fluctuations which can even risk the capital. Am I right? Can you share your experience?
Understanding the chart is hard and filtering the noise from it is even harder. But we have a simple tool that can do it in the blink of an eye. Here is its recent performance in #NZDUSD and rendered a 65 pip trade. https://wetalktrade.com/velocity-finder-best-forex-trading-strategies/
Trading foreign exchange on the currency market, also called trading forex, can be a thrilling hobby and a great source of income. To put it into perspective, the securities market trades about $22.4 billion per day; the forex market... Forex trading has a steep learning curve. Read to learn the basics of currency pairs, how the forex market operates, and details on market pricing. ... Understanding the above concepts will help you grasp what's happening when you see a forex pair rising or falling on a chart. Forex exchanges allow for 24/7 trading in currency pairs, making it the world's largest and most liquid asset market. While it is the largest market in the world, a relatively small number (~20 ... Understanding Technical Analysis. Technical analysis is the study of historical price action in order to identify patterns and determine probabilities of future movements in the market through the use of technical studies, indicators, and other analysis tools. All of this trading is done through forex brokers. A forex brokerage is an intermediary that takes on your trade and puts it on the open market. Foreign exchange trading is not done through any centralized market, so all forex broker rates may not be exactly the same at the same time.
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