Basics of online forex trading

BASICS OF ONLINE FOREX TRADING

 Online forex trading - buying and selling of currencies of different countries.

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Market order – Buying or selling done at the current market price

 Limit order – Buying or selling done at the particular determined price.  Limit entry order – Buying should be when the market price drop to a particular

determined level or selling should be done when market prices go up.  Stop-loss order – To close a position at a particular determined losing position.

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Stop-entry order – Buying should be done when market price go above a certain level or selling should be done when the market price drop below a particular level.

24*7 availability

No central Exchange

Leveraging Facility

No office setup or infrastructure required

Trading knowledge by demo accounts

A computer with an internet connection

A contact with registered and reliable forex broker company

A strong trading plan to trade forex

 Trading Education

 Understand market strategies  Risk management  Reliable broker

 Avoid too many trades  Fix start-stop points  Advice from forex experts

Leverage from 1:1 up to 200:1

True institutional FX environment

Fidelis Capital Markets

Min. USD 200 for ECN accounts

Tier-1 Bank Liquidity

Forex trading is a business where only % traders are successful Let us know the reasons of failures!

Lack of market knowledge & price – re quotes by brokers

Absence of trading plan and money management plan

Reasons of failures

Unbalanced emotions and trading mindset

Over-leveraging, over-risk and over confidence

 Don’t involve emotions while taking trading decisions

 Avoid over-leveraging and over confidence  Focus on quality trading setups  Manage risk-reward ratio

 Observe market behaviour and trading strategies  Try demo accounts before live trading  Maintain money management plan

 Employ trading habits like discipline, patience,

confidence and perseverance.

Online Forex Trading- Sky is the limit for your profits!