Forex means foreign exchange market. Foreign exchange is changing one currency to another for trading , foreign business and usually for tourism. It has largest trading volume over more than $5trillion dollar daily. If we can make little of it is enough for all of us. In Forex market there is so much liquidity that every millisecond couple of trade has been made. So question is how to trade Forex as a beginner? I've made a simple steps to help you guys understand- 1 . LEARN THE BASIC OF FOREX : Before you start to trade first you need to know the basic things like the Currency Pairs, Base Currency, Quote Currency, Exchange Rate, Long Position, Short position Bid price, Ask Price, Spread, Stop Loss, Take profit all this are necessary. In Forex you purchase one currency to sell another currency. Example if you buy Euro and sell US dollar that means you buy EURUSD and i...
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