Basic Equipments for Forex Trade:
You need just 3 necessary items for Forex Trading.
1) A Computer
2) Internet Connection
3) Money.
You can start with marginal amount of money as 5.0$. Most of the brokerage houses gives you the Leverage 1:200 so you will get 1000 $ investing only 5.0 $. Choose your Broker
What is Traded in Forex Market?
Simply Currency is traded here. Value of Currency is the reflect of economical condition of a country. If price of currency of a country increased against droller indicates that economical condition of that country is good and vice verse.
Acknowledged with some currencies & their symbols
First 2 letter of a currency symbol indicates the name of the country & last letter indicates the currency name of the country. For Example, In case of USD, US means United States & D means Dollar so USD stands for United States Dollar.
Currencies are traded as currency pair in Forex Market. Increase of the value of Currency Pair indicates the Base currency become strong against Quote currency. It means that the economy of base currency country become strong against the quote currency country.
UNDERSTAND BUY & SELL
You need just 3 necessary items for Forex Trading.
1) A Computer
2) Internet Connection
3) Money.
You can start with marginal amount of money as 5.0$. Most of the brokerage houses gives you the Leverage 1:200 so you will get 1000 $ investing only 5.0 $. Choose your Broker
What is Traded in Forex Market?
Simply Currency is traded here. Value of Currency is the reflect of economical condition of a country. If price of currency of a country increased against droller indicates that economical condition of that country is good and vice verse.
Acknowledged with some currencies & their symbols
Currencies are traded as currency pair in Forex Market. Increase of the value of Currency Pair indicates the Base currency become strong against Quote currency. It means that the economy of base currency country become strong against the quote currency country.
UNDERSTAND BUY & SELL
