BASICS OF ONLINE FOREX TRADING
Online forex trading - buying and selling of currencies of different countries.
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.
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!