So in todays video I will be showing you all how to trade on forex
Like I explained in my previous Article Forex is short for Foreign Exchange and trading is Basically predicting if the market will go up or down, buying a currency in hopes of getting profit Like we explained before
Like I explained in my previous Article Forex is short for Foreign Exchange and trading is Basically predicting if the market will go up or down, buying a currency in hopes of getting profit Like we explained before
Some terminologies in forex trading are
- Buy: Which is simply predicting the market to go up
- Sell: Predicting the market to go down
- Bullish: A market that is going down
- Bearish: A market going up
- Downward Trend: A bullish market
- Upward Trend: A bearish market
- Sl: Stop loss which automatically closes the trade when your loss hits the limit you set
- TP: Take/Target Profit which automatically closes a trade when the intended profit is acquired
Watch VIdeo
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