What is Forex Trading
Forex Trading is essentially placing a ‘bet’ or a trade on the direction a currency pair, commodity or index is going to move. If you choose the correct direction your trade will come into a PROFIT. However, if the trade moves against you, you will begin to move into a LOSS.
Forex Trading is not risk free and you can lose money. However, with the correct risk management you can learn how to cut losing trades quickly and be patient with your winning positions until they reach your required target.
Major financial institutions trade in the Foreign Exchange (Forex) market, with roughly $5 trillion USD flowing through globally per day. Retail traders are also able to capitalise on currency fluctuation by learning about the Forex market. Retail traders are known as Discretionary Traders.
Many onlookers think Forex is gambling, however we make educated decisions through thorough technical and fundamental analysis before placing any trade. No trade is 100% guaranteed, that is why you will require capital protection through the use of a ‘stop loss’.
Who can do it?
Anyone can trade in the Forex market. At the beginning it can be daunting as there is a lot to learn. However, through the courses and packages we have put together you can minimise your learning time and get 24/7 support along the way. We also suggest you begin trading on a demo account before moving across to a live trading account. This way you can learn risk free.
How much time do I need?
The more time you can invest into your training the better. Traders are always learning new strategies and forms of technical analysis. There is no quick way to become a profitable trader, and it is highly unlikely that a single trade will make you rich. Trading is about consistency and patience over a longer duration.
How much equity do I need?
This is totally down to you. There is no right or wrong answer to this question. Just keep in mind most traders are looking for a small percentage gain on a frequent basis.
How can I start?
We offer a 100% Free 30 day trial to the Trading Floor. Here you can duplicate our expert Forex analyst Signal Trades. No lock in contracts, cancel anytime to stop the first billing. Click the button below to learn more!