11:10 PM
AGHA
Hello, guys. I'm sorry for the late post, this is all because there's a mid semester test in my college. So, just sign up AGEA now and grab your bright future!
Today I'd explain you how to trade forex via AGEA Streamster. Still remember what the "Bid" and "Offer" mean? Bid means you sell a pair and hope profit from the loss of the price. For example: EUR/USD is 1.2764 now, you place a sell order (click Bid) at that price. And then, when the price goes down, you'd gain profit. If you close the transaction at 1.2750, it means you get 14 pips of profit. Don't forget to close the transaction, because if the price still open, you can't take your profit.
Meanwhile, if you buy a pair (click Offer), you will gain profit when the price moves up. For example, when you buy EUR/USD at 1.2775, and it turns out, the price touches 1.2795, it means you gain 20 pips of profit. Yes, "pips" is the term to mention the profit we get. Don't forget to watch the change movement. It is because, it can help you make a decision whether you want to buy or sell. The change table has two colors; the green represents the rise of the price and the red one represents the fall of the price.
Some traders buy a pair when the change is positive/ when the change turns green. Because green means the price is in the "uptrend". So, they gain profit when the price moves up. Some others sell a pair when the price falls, therefore when the change turns red (or when the price is downtrend), they'd place a sell order and hope some profit when the price weakens. we can conclude that some traders just follow the trend to make a transaction.
And when will be the right time to start trading? Some experts recommend us to start trading when it is morning in Europe, the world's largest continent economy and continued when the sun rises in US, the world's largest national economy. The main thing is, when the people start to work and of course when it's in weekday. They also recommend us to be a "fundamental analyst" in forex trading which means we must be aware of the world's economic condition especially the US. It is good to follow and accurate enough for predicting the price movement.
I'm so glad I can tell you much about forex trading. But it doesn't end here, I have still more tips for you. Just keep in touch with this blog and I'll write more post for you. THX
