| What is Forex? |
"Forex" stands for foreign exchange; it's also known as FX.
In a Forex trade, you buy one currency while simultaneously selling another - that is,
you're exchanging the sold currency for the one you're buying. Currencies trade in pairs... |
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| Know Your P&Ls |
To illustrate an FX trade, consider the following two examples.
Let's say that the current bid/ask for EUR/USD is 1.4616/19, meaning you can buy 1 euro for 1.4619 or sell 1 euro for
1.4616. To execute this strategy, you would buy Euros (simultaneously selling dollars)... |
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| Pros & Cons |
Why do we choose to trade Forex instead of stocks, futures, commodities, or
options?
Equal Prospective in Rising or Falling Market Trend. There is no structural bias to the market and there are no restrictions on short selling in FX market.
Trading in Forex gives... |
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| What is EA? |
The Expert Advisor or EA for short is an automated script that is used by a trading platform
software to manage positions and orders automatically.
There is no experience required to become a Forex trader. You can always learn how to do the trading yourself without using an EA |
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