Monthly Archive: July 2019

Simple Tips For Foreign Exchange Market Traders

Forex is a market in which traders get to exchange one country’s currency for another. For example, an investor in the United States purchased Japanese yen, but now believes the yen is becoming weaker than the U.S. dollar. If his assumption is correct, his trading yen for dollars will yield him a profit.

Pay special attention to financial news happening regarding the currencies in which you are trading. Current events can have both negative and positive effects on currency rates. You’d be wise to set up text of email alerts for the markets you are trading, so that you can act fast when big news happens.

You have thought out a realistic strategy beforehand. Don’t abandon it in the heat of the moment, under emotional pressure. Stick to your plan and you will be more successful.

Look at daily and four hour charts on forex. You can get Forex charts …