Foreign Currency Trading Forex Breaking News
Can you pounce on a breaking news event? Not everybody can, but if your book has breaking news potential then you'd better be ready to take advantage of it by having a press release ready to go.
Hello. You need to develop some good trading strategies, keep a close eye on the economy, and conduct supply and demand analyses. Before investing, make sure you keep track of the exchange rates between them. To know when to sell this or that currency and when to buy, you will have to start studying the statistical analysis of the economy, as well as their supply and demand. To keep your knowledge up to date you can visit forex broker https://fbs.eu/en , it will help you with Forex strategies, guide you with trade entries and exits and alert you to various changes in the global economy.
You decide to invest in securities - this means that you cannot do without a broker: according to the law, you cannot trade on the stock exchange without an intermediary. Transactions can only be concluded by legal entities that have a brokerage license - banks, investment and brokerage companies. I recommend you to read one article on this link. This will help you understand what the broker is for
In forex trading I see there is very small variation in price. There's maybe 1% change up or down on average hence you would need to put a lot of money on to see and worthwhile profit. I assume to compensate this the brokers offer you very high margin, up to thousands times leverage. However during unique circumstances such as an economic crash or some other major event where your sure the price will go one way then it could be advantages.
And also as I've just remembered, how was George Soros able to put such a large bet against the pound in 1991, what kind of broker would take such a large bet?
So my point is, is it all a con, why not trade on regular stocks or commodities as you need less money with less or no leverage for similar profits. Are the high leverages just a lure for people who ultimately blow up their accounts?
Or is it easier to predict which way a currency pair will go due to political and economical factors?
In my opinion, the best crypto trading strategy today is swing trading. I started to use this strategy a not long time ago, and I am getting weekly profit with the playing on waves of crypto down>crypto up>. The same method you described above, for improving my swing strategy, I use the swing trading strategy with cryptocurrency with one input to capture short/medium term profits for my positions. I recommend all swing traders use some trustworthy sources like https://timthomas.co/donchian-channel/ to improve the swing trading profit in this case. traders can use breakouts of support or resistance to capture short to medium-term profits.
I think the most important thing to start is to study and understand this market. After that, you can study the best broker in this area (for example, Olymp trade, etoro) and check which one suits you best. As for the stock pertamina, Jasa Marga, Djarum, Indofood and other you will find in this page.
Ohhh man, sure thing if a certain event is labeled with "breaking news", or at least has the potential of such a status, then you should get ready, as sh*t is going to happen soon! I still remember my first steps into trading, and I never actually thought that news could affect the market so bad. After I got my first forex account, I was like, let's get it one! I did not even watch the news, and then a friend of mine tells me that I should try and put all of my money on a loss from a certain company, and I did not believe him. Well, that is why you should watch news, people!