Online business is getting popular at this time because it's simple and make huge money from it. There are so many offering on the net and one of them is forex trading, so many platform trading offering on the net from the expensive platform, cheap platform even free platform trading. It's depend to us to choose the platform trading, forex trading is more easy to use because we just download the platform then we can trade the forex.
We just click buy or sell and we could get some profit from it, we just choose the currency and get some opportunity from them. For little guidelines to trade forex is depends on the movement of USD, for example if there are bad economic in United States it's make USD get down and another currency will get up.
An example to trade forex based on the above statement, we can buy GBP, Euro and AUD because the currency will getting up and we will get profit in few second that's why forex trading become the fastest way to get rich, we just look at the platform trading what currency will get up or what currency will get down.
If the currency will get down we choose sell on the trade and it's will get up we choose buy on the trade, that's how we trade forex trading it's so simple. Every movement of the currency we could get some profit and the profit could take any time.
To get some profit there are two frequently used analysis, the analysis are :
1. Fundamental Analysis
Analysis based on the news that occurred in the Americas, Japan, EU, Australia and the UK. Whether in the form of economic news, political and social.
2.Technical analysis
Analysis based on previous events in the trading platform, technical analysis mostly use indicator in the trading platform.
The principal of technical analysis are :
* Market Price Discount Everything
market prices is a manifestation of all that affects of the price
* Price Moves In Trend
price movements are always in trend
* History Repeats Its Self
A similar incident recurring
The trends of forex trading are :
1 Bullish
The price moves up, we should take long positions
2 Bearish
The price goes down, we should take short positions
3 Sideways
prices tend to be static, we should not take any position
Between the news that is in fundamental analysis is the most important role is the economic news of the United States, United States economic news on currency movements affect the world
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