What is laverage ??
Leverage is borrowing money from the forex broker so that
you can get an even bigger exposure to the markets. You don’t pay any interest on the loan.So a small amount deposited into your trading account can control a much larger contract value.
With $100 you can handle currency that’s worth $1 000 For example, if you make 2% from the $1 000 that means that you have made $20 and your trading account is $120 now.
Technical analysis is based on chart interpretation.
Technical traders are looking for the charts to show very clear setups. Once a setup appears, the trader is then able to precisely determine the entry, stop loss, and take profit prices. This is the biggest practical difference between the two styles: fundamental trading is more free flowing; technical trading is more accurate and specific.
Fundamental analysis is based on economic data.
Traders who trade fundamentally wait for specific press releases and attempt to jump into big moves.This is very dangerous because the market is normally very volatile during a news release.If the trader takes the bait and jumps in on a false buy or sell signal and the market moves quickly in the opposite direction, it is very difficult for the trader to get out of the position without taking a hit. With that in mind, there are also huge benefits to trading the news. Large pip scores can be made very quickly, and this type of trading can prove to be very profitable to the seasoned trader.
Forex is Fight between the Bulls and the Bears
The Bulls push the market up
The Bears push the market down
The Forex Market is a Free Market and is not centrally owned
