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How To Get Started Trading

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  How To Start Trading? I discovered trading long before i started my trading journey, i thought trading needs intensive training which is kind of complex.  That's maybe because trading has three aspects of learning, Technical Analysis, Fundamental Analysis and Trading Psychology that you need to pay attention to.  Because one without the other can be a disaster, anyway, I was inspired to try trading when I was looking for side hustles. The good thing about this gig is that you don't have to stay in front of your screen, I thought it's a perfect opportunity to joggle other jobs. So, I researched trading, read about fundamentals and technical, also to reinforce the process of learning, I took a demo account and added a few bucks for a live account. To get a full grasp of trading, I had to undergo demo and live trading. I also need to get a full picture of the technical view through the lens of multiple trading platforms, MT5, MT4 etc. I spent so much time watching videos abo

Investment Through Forex: Introduction To Forex Exchange

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  Introduction to Forex Trading: Basics and Terminology Bid Price: The price at which a trader can sell a currency pair. It normally varies for every broker. Ask Price: The price at which a trader can buy a currency pair. Also, varies and hence make a difference in spread Spread: The difference between the bid and ask prices. There are brokers that offer lower spread, and trading time or session also affect the spread.  However, stock trading has a lower spread because you're trading an actual stock. Once you place a trade, the only time it will start to count loss or profit is when it hits the bid/ask or the spread. Same thing with Stop Loss and Take Profit, it will trigger SL & TP before and after the spread. Leverage: The ability to control a large position in the market with a smaller amount of capital. Usually 1:500 - 1:1000, let's say you have $100 capital, it will mean you have up to $100,000 leverage. Margin: The amount of money required to open a leveraged pos