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Start Trade Forex Chapter 1
Start Trade Forex Chapter 1
As I said, if someone has a background in other types of investments before, Forex is not difficult. But the point that Forex differs from stocks is that Forex can be profitable in both ways: both up and down. whether the market is positive or negative We can make a profit. And of course, there is a chance that we can lose both ways as well.
For example, if we buy EUR/USD at 1.5, it means that we bought 1.5 USD to buy 1 EUR. (Remember that the front currency will always have a value of 1.)
After later If the EUR/USD exchange rate changes to 1.8, that means that if we exchange the money back This will result in a profit of $0.3 (1.8-1.5). Conversely, if the exchange rate between EUR/USD decreases, we will make a loss.
However, the Forex market can be profitable in both uptrends and downtrends. By selecting an order-sell, which has 2 orders:
1. Long or Buy is an order “Buy” means ordering the currency to keep. To wait for the time when the price is higher, for example, we will buy the EUR/USD currency to keep because we believe that in the future the EUR will appreciate. Compared to USD
2. Short or Sell is a “sell” order, meaning the currency is sold. to wait to buy back at a time when the price is lower We will choose Shot or Sell on EUR/USD only if we believe that in the future the EUR will depreciate against the USD.
In short, we will only “buy” a currency if we believe that the market is bullish. This gives the currency a chance to strengthen and we will “sell” the currency when we see the market as a downtrend. causing the currency to depreciate.
Trading guide: Tradingview
Risk Warning: Investments and speculations are risky. Investors and speculators should learn more and consult a financial advisor. before making any investment or speculation decision. Trading leveraged products such as CFDs carries a high risk of loss and may not be suitable for all investors. Trading in such products is risky and may result in loss of all invested funds.
