THINGS EVERY ASPIRING TRADER NEEDS TO KNOW - PowerPoint PPT Presentation
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THINGS EVERY ASPIRING TRADER NEEDS TO KNOW
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Want to learn to trade like a professional, or finally start trading Forex? Start your trading journey the right way with our Forex Trading Strategies! – PowerPoint PPT presentation
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Title: THINGS EVERY ASPIRING TRADER NEEDS TO KNOW
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Start trading forex
- FOREX TRADING STARTER PACK - THINGS EVERY
ASPIRING TRADER NEEDS TO KNOW
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what is forex? How does it work?
- The FX market is considered as the most fluid
market in the world. This financial market
involves exchanging a world currency against
another. To gain profit, a trader needs to
speculate when to make a currency exchange.
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FOREX TRADING FUNDAMENTALS
- If you want to succeed in FX trading, you need to
understand that there's more to it than just
taking chances.You need to have a comprehensive
game plan. More importantly, you must analyze
your transactions plus the market trends. Make it
a habit of keeping track of all the transactions
you make. Take note of all your wins and losses
and determine how you can improve your profit.
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HOW LONG DOES IT TAKE TO BECOME A FOREX TRADING
GURU?
- The best part about forex trading is that you can
venture into this market even with zero
experience. The length of time you need to spend
in order to learn how to trade depends on several
factors which include - Your goals
- Your availability
- Your learning capability
- Your trading discipline
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KEY TERMS YOU NEED TO LEARN
- Pip - The small increments used to quote the
currency price changes is known as pip. - Spread- Spread is the difference you would get
between the offer prices and bid - Leverage- It tells you the likelihood of gearing
your FX account into a higher position compared
to your existing account margin. - Margins- The margin defines your minimum deposit
or collateral. - Slippage- The difference between the expected and
execution price.
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FOREX TRADING ACCOUNTS YOU CAN CHOOSE FROM
- Traders can choose from various forex accounts.
- 1) Micro accounts
- 2) Intermediate accounts
- 3) VIP accounts
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BEYOND KNOWING THE BASIC - LEARNING THE RIGHT WAY
- Your next priority should be expanding your
knowledge and exploring other educational
platforms such as FX trading books, informational
videos, forums, and seminars. - It will also benefit you greatly if you start
following content-rich forex blogs. Check out
famous names in the industry and check out their
social media pages or websites. - You should also enroll in an online trading
academy. Learn the necessary skills and
techniques needed for you to maximise your
winnings and reduce your chances of losing money.
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START LEARNING FOREX TRADING STRATEGIES TODAY!
- The forex trade market will continue to prosper
in the next few years. - Want to learn how to build a solid career in
Forex trading? We offer textbook training to help
you learn the ropes. Enroll in our Forex market
course today!
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Thank you
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