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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.
The forex market is open 24 hours a day in different parts of the world, from 5 p.m. EST on Sunday until 4 p.m. EST on Friday.
The forex market is open 24 hours a day during weekday hours, but closed on weekends.
Low transaction costs and high liquidity are just a couple of the advantages of the forex market.
Nobody likes bullies! Good thing for us, unlike the stock market, there is no one financial institute large enough to corner the forex market!
Lack of knowledge about trading the forex market, many traders fail to make money. You need proper risk management to become a successful trader.
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.
In forex trading, the spread is the difference between the bid (sell) price and the ask (buy) price of a currency pair.
The first thing that you need to know about forex trading is that currencies are traded in pairs; you can’t buy or sell a currency without another
Forex is commonly traded in specific amounts called lots, or basically the number of currency units you will buy or sell.
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.
The account equity or simply “Equity” represents the current value of your trading account.
Used Margin, which is just the aggregate of all the Required Margin from all open positions.
Free Margin is the difference between Equity and Used Margin.
Japanese candlesticks in forex trading are used to describe currency price action and can be used for any time frame.
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.
We have signals available daily which are generated by our traders using specific trading algorithms.
No that’s not a problem, our support team will guide you every step of the way.
10-20 minutes spare per day to input the signals when we send them to you.
Yes, there are several mentors and active professional traders who regularly participate in the community chat.
There are various payment options available for you : paypal , credit card, debit card and bank transfer.

For expert trading advice you can trust Forex Council

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