Forex, or foreign exchange, can be explained as a network of buyers and
sellers, who transfer currency between each other at an agreed price. It is
the means by which individuals, companies and central banks convert one
currency into another. A lot of foreign exchange is done for practical
purposes, the vast majority of currency conversion is undertaken with the
aim of earning a profit. Bringing about a greater chance of high profits,
while also increasing the risk.
There is none. You should constantly develop your own strategies
for every possible market situation if you want to be in profit.
Specific Forex strategies can only be good for a limited period.
Pips are the units used to measure movement in a forex pair. A
forex pip is usually equivalent to a one-digit movement in the fourth
decimal place of a currency pair.
In the world of foreign exchange (forex) trading, an expert advisor
(EA) is a piece of software that tells you when to make trades or
even automatically initiates and executes trades according to
preprogrammed instructions.
Copy trading, as the name suggests allows you to directly copy
the positions taken by another trader and connect a part of your
portfolio with theirs. By linking your profile to other traders, you
copy all of their current positions on the market, and any action
they make henceforth.
1 st you’ll need to register a trading account with a Forex broker.
2 nd you’ll need to download the Telegram App and join our Group,
where we send the daily signals. Finally, you’ll need to download
an app to operate, we recommend MT4, there you will connect
your broker. Then you can start to copy our forex signals to buy
and sell currencies. This will take less than 10 minutes of your
time.
The minimum initial deposit required is at least 100 of your
selected base currency. However, we recommend you deposit at
least 10,000 to allow you more flexibility and better risk
management when trading your account.
ANormally, you cannot. The broker will not allow you to lose more
than you have in your trading account. It will simply close your
losing position when the resulting account balance becomes too
close to zero. The loss that is bigger than the trader's deposit is a
direct loss of the Forex broker. It is in the broker's best interests to
prevent such losses. That's why you need a better broker where
spread is also good. We recommend our brokers.