In this first video, I am going to teach you everything you need to know about the forex trading Strategy. Forex means foreign exchange. Foreign exchange means to change your currency for another countries currency. For example, if you want to visit a foreign country for vacation, you go to your local bank and you’re changing your currency for notes of the country that you are visiting. When you are doing that you are actually doing a foreign exchange transaction. The foreign exchange market is the greatest market in the world. It has a daily volume of around 4 trillion dollars. The main participants of the foreign exchange market are global banks and their customers. People exchange money for any reason like commercial companies exchange money for hedging or for commercial activities or people exchange money if they want to travel or for any other reason. However when you are using cTrader which is a trading platform you are obviously not using it to exchange money for the vacation. What we are doing when using a trading platform is, we are doing something called “speculation”. The trading platform shows us the exchange rate between two currencies and what we are doing is we are trying to speculate if the exchange rate is going to rise, or it’s going to fall, and then we’re trading – do the necessary trade and if our speculation is correct we win money. If our speculation is wrong we lose money.
FOREX MENTORING PROGRAMME – FROM BEGINNER TO ADVANCED LEVEL 🔻
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