Enter the world of Forex for the first time can be confusing. New concepts, new theories, new words, it can leave a little puzzled. We're here to tell you a story, a story that will show you the fundamentals of the industry are not so complicated to understand.
This is the story of the experience of a trader :
A
few weeks later, Michael is read financial news on his laptop and he
sees that the euro has increased in value against the dollar. This means that its economy grew and Michael sees a good opportunity to remove them. It's midnight, however, and banks are closed, so Michael decides to stop by the bank the next day after work to get his money. Come the day, the euro tumbled in value and is now useless for Michael to withdraw money. He missed an opportunity to take advantage of this trading opportunity.
That night, Michael goes out to dinner with some of his colleagues and the topic of conversation Forex. One of the other teachers, Isabelle, is telling everyone its experience in forex trading. Michael finds what she has to say very interesting and the concept of online trading seems very attractive to him, so he decided to look a little more.
Michael looked online and found a Forex broker. After reviewing what the broker has to offer, he decided to open an account with them. With this account, he discovers an incredible opportunity.
Through the use of leverage, Michael can deposit $ 1,000 and the opportunity to share with a maximum of $ 500,000. The lever is used to increase the purchasing power and the potential loss of a trader, even if they can only provide a small deposit. The next time the value of the dollar increases, while Michael has to do is connect to their trading account and sell dollars. He is very happy with the result he did and he is grateful that the market has moved in the direction he wanted, otherwise he would have lost.
Michael learns the ropes of forex trading, it begins to use technical analysis and fundamental analysis to monitor the market and predict what direction it will move technical analysis includes the study of graphs to track trends, while fundamental analysis is to keep up with economic and political indicators that can influence the price movement. All this information is available on the website of the broker.
Depending on the state of the market, sometimes Michael has a bearish outlook and other times, he has a vision upward. When he feels bearish, he predicted that the value of an asset will fall and it takes a short position, which means it sells the asset. When he feels optimistic, it takes a long position, which means that the predicted value of an asset will increase and so he buys.Michael was lucky that his broker offers low margins. A gap is the difference between the bid price (the maximum price a buyer is willing to pay for an asset) and the ask price (the price that a seller is willing to accept for an asset). Lower spreads, less money is a dealer charge for their services.Michael continues to trade currencies online for many years to come. He experiences gains and losses over the years, sometimes he makes mistakes and miscalculations, other times it hits the nail on the head and on the earnings of high profits to show for it.Disclaimer: Please note that the above story and the characters are fictitious, and any of the events of history must be taken or misconstrued as investment advice.
Disclaimer: Please note that the above story and the characters are fictitious, and any of the events of history must be taken or misconstrued as investment advice.
That night, Michael goes out to dinner with some of his colleagues and the topic of conversation Forex. One of the other teachers, Isabelle, is telling everyone its experience in forex trading. Michael finds what she has to say very interesting and the concept of online trading seems very attractive to him, so he decided to look a little more.
Michael looked online and found a Forex broker. After reviewing what the broker has to offer, he decided to open an account with them. With this account, he discovers an incredible opportunity.
Through the use of leverage, Michael can deposit $ 1,000 and the opportunity to share with a maximum of $ 500,000. The lever is used to increase the purchasing power and the potential loss of a trader, even if they can only provide a small deposit. The next time the value of the dollar increases, while Michael has to do is connect to their trading account and sell dollars. He is very happy with the result he did and he is grateful that the market has moved in the direction he wanted, otherwise he would have lost.
Michael learns the ropes of forex trading, it begins to use technical analysis and fundamental analysis to monitor the market and predict what direction it will move technical analysis includes the study of graphs to track trends, while fundamental analysis is to keep up with economic and political indicators that can influence the price movement. All this information is available on the website of the broker.
Depending on the state of the market, sometimes Michael has a bearish outlook and other times, he has a vision upward. When he feels bearish, he predicted that the value of an asset will fall and it takes a short position, which means it sells the asset. When he feels optimistic, it takes a long position, which means that the predicted value of an asset will increase and so he buys.Michael was lucky that his broker offers low margins. A gap is the difference between the bid price (the maximum price a buyer is willing to pay for an asset) and the ask price (the price that a seller is willing to accept for an asset). Lower spreads, less money is a dealer charge for their services.Michael continues to trade currencies online for many years to come. He experiences gains and losses over the years, sometimes he makes mistakes and miscalculations, other times it hits the nail on the head and on the earnings of high profits to show for it.Disclaimer: Please note that the above story and the characters are fictitious, and any of the events of history must be taken or misconstrued as investment advice.
Disclaimer: Please note that the above story and the characters are fictitious, and any of the events of history must be taken or misconstrued as investment advice.
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