AUDUSD Breakout Signal March, 4

AUDUSD Breakout Signal March, 4

How Do You Trade In FOREX ?

First, you need to understand what a broker is, because you will need one.

You see, you don’t directly interact with each exchange in the FOREX market; brokers do.
Brokers are agencies hired by traders. They perform the trades as commanded by investors with the money they deposit in said firm’s accounts.
A broker works in the following way:

1. You open an account with them.
2. Deposit the capital you wish to invest in.
3. With that, you’ll gain access to their trading platform with which you’ll proceed to evaluate the market and set the orders.
4. Establish orders in which you tell them how much you wish to buy or sell and at what price.
5. They take the money given and start to perform according to what you told them, following quantities and risk management strategies set by you or any trader employing them.
6. Once everything is done, they proceed to hand each investor the result of their operations.

What you need to do to start trading in FOREX is choosing a broker (remember to read the reviews to find the most trustable ones) and follow those exact instructions.

Other things to take into consideration is the fact that many brokers offer training programs and DEMO accounts aimed towards training you to become a more efficient trader. DEMO accounts, additionally, let you simulate trades without spending real money so that you can train until you feel confident in your trading skills.

All in all, there are not many valid reasons not to start trading in FOREX. Just remember the golden rule: never invest more than what you can afford to lose.

Why Should You Consider FOREX Trading?

The FOREX market is one that is available 24 hours a day for 5 days a week (except for weekends). That means that is one of the most available markets and one where you can trade virtually anytime you want.

Additionally, there is the fact that is also a global industry; you won’t be trading with people from your city, you will do so with people from around the world. That translates into unlimited liquidity.
No matter the time or the place, you will find someone willing to buy what you offer or sell what you need.

Why And How To Trade FOREX: A Beginner’s Guide.

The FOREX market is a booming industry filled with possibilities for new traders who wish to enter a financial market that moves billions of dollars on a daily basis. Money can be made in every turn and there is always a trade waiting for you to take it and reap all its benefits; that is if you know what you’re doing.


You see, FOREX trading is a very profitable career choice, but it’s also one that demands a lot of skill, patience, and knowledge. While it is true that you can make big money there, you can also lose even bigger money.

But, you needn’t worry anymore. We are here to present you with what you need to know to start earning those big Dollars/Yuans/Euros/Australian or Canadian Dollars/Rupees/Pesos… You get the point.

How Does The FOREX market Work?

The FOREX market functions globally through several exchanges that work simultaneously and coordinated in a way that allows it to be open 24/5 (from Sundays to Fridays).

And that is the reason for the accessibility of this market. No matter what time it is, odds are you will be able to perform transactions and dedicate yourself to FOREX trading.

However, FOREX trading itself is not done by you and me.

FOREX trading requires the use of brokers. Brokers are firms or agencies that act as intermediaries between trades.

Similar to an escrow service, you essentially give your money to brokers. But, they don’t act as a “safety net” but as an employee of yours.

Once you have hired a FOREX broker, they are the ones interacting with the FOREX market. What you need to do is basically hand them the money you wish to invest in FOREX trading and tell them what to do with it.

FOREX brokers offer platforms for market analysis and tracking the overall economic situation of the industry. Their platforms also include the function of placing orders, which are the commands you will be given to the broker on how to perform your desired transactions.

Once you have told the broker what to do, they will proceed accordingly and hand you the results once the trades have been finished.

In summary, the FOREX market is the global exchange of currencies from different countries where you obtain your profit from the fluctuating value differences between said coins.