What is forex trading?
Suppose you have ever travelled overseas and converted your money into another currency or shopped online in a currency other than your local one. In that case, you have participated in the forex markets.
Learn more about how Forex trading works, study trading tactics, how you can harness this financial instrument to benefit your portfolio and why AVAFX is a leading online broker where you can do all of those things!.
Most traders start their forex career with hopes of getting rich, but is that truly possible? As with any investment, there are risks, of course, and the best way to get rich is to start with a large amount of capital.
Suppose you have ever travelled overseas and converted your money into another currency or shopped online in a currency other than your local one. In that case, you have participated in the forex markets.
The impact of Forex affects many aspects of our daily lives, such as the price of fuel, food, imported goods, travel, and more. As consumers, all of this foreign exchange takes place without our intervention.
Currencies are exchanged around the clock throughout the globe. With an estimated $6 trillion in daily turnover, this alone is an indication of the immense opportunities available in the Forex market.
Price action is considered the purest form of technical analysis, and it typically involves interpreting the behaviour of market participants using raw prices. Most price action strategies involve the use of ‘naked’ charts and candlesticks.
An age-old wisdom in the markets is that the ‘trend is your friend.’ The idea is that you do not need to ‘fight’ with the markets, you simply need to ‘flow’ with it. There are 3 types of trends: Bullish (uptrend), Bearish (downtrend), and Neutral (sideways).
Markets never range indefinitely. Eventually, the defined levels of support and resistance are breached and new trends emerge. Every trader should always look out for breakout opportunities so as to ride new trends from the very beginning.
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As an AvaTrade client, you also benefit from the choice of and more ways to trade. We offer a selection of manual trading platforms – MetaTrader 4/MetaTrader 5, WebTrader and AvaTradeGo – with full mobile trading support.
AvaTrade customers can trade in peace, knowing they are in good hands. Our customer service representatives are ready to assist with any trading issue you may have.
Providing support through ongoing education so that you can keep improving your trading skills and learning new concepts with exclusive free videos, articles, e-books and daily market analysis.
We believe that providing a safe and secure trading environment is crucial to your success in the markets. As an AvaTrade client, you will find the comfort and peace of mind that comes with trading with an established broker in an officially regulated environment.
Installation