WHAT IS FOREX TRADING?
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Forex trading is a term used to describe foreign exchange trading, a widely common trading system focused on frequent currency-value changes. Some may refer to it as Currency trading, which should not confuse you as a Forex beginner.
Foreign exchange transactions are more than a simple holiday currency swap. International companies buy goods in other nations using various currencies. In order to purchase these items, they must first acquire the local currency of that particular country,just as it would be when we are on holiday in a different country. The difference is they exchange large amounts of currencies.
2
The exchange rates are constantly fluctuating as currencies are traded around the world. When currencies are exchanged, they all have a certain price which is referred to as the “Exchange rate”
For example, if the demand for a specific currency is strong, then a significant number of people or businesses would want to turn their national currency into a strong currency, increasing the value, therefore affecting the exchange rates for it.
Explore how you can take advantage of the market yourself.
We provide in depth trade ideas on our free & premium signals channel.
Fully detailed signals include:
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What pair to trade
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When to trade it
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Why we are trading it
Get practical on the charts with Master_FxShifu himself. Learn how to hit High RR trades daily.
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WHY US?
IN DEPTH MARKET
ANALYSIS
We share in depth market analysis, which is posted frequently on our website and telegram channel.
This information assists traders in getting an edge over the week of trading.
Our Free Forex Trading Signals & Advanced Signals telegram channels goes into detail of all our live trades.
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LIVE TRADING SESSIONS
We host occasional YouTube live sessions where we will be trading specific markets, sharing trade ideas and important tips required to excel in the markets.
These sessions will also be uploaded on youtube for future reference.
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ONLINE TRADING
COMMUNITY
Our online trading community through our website and social media allows every member to share ideas, ask questions and consistently keep learning how to become a profitable Forex trader.
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FOREX MADE EASY
Pairs are grouped into categories being major pairs, cross pairs, and exotic pairs Major pairs are pairs that include the US dollar as either the base currency or quoted currency as well as one of the other seven major currencies EUR, CAD, GBP, CHF, JPY, AUD, NZD.
Bear ( Bearish) – When trader beliefs that the position of the market will go down
Bull (Bullish) – When trader beliefs that the position of the market will go up/rise
Long position– When you buy with the intention of selling at a higher price
Short position – When you sell with intention of buying at a lower price
Base- The first currency of the currency pair is called the base currency. Eg EUR/USD
Quoted- The second currency pair is called the quote currency. Eg EUR/USD
USD (U.S. Dollar) – Greenback or Buck
GBP (British Pound) – Sterling
EUR (Euro) – Single currency or Fiber
CHF (Swiss Franc) – Swissy
CAD (Canadian Dollar) – Loonie
AUD (Australian Dollar) – Aussie or Ozzie
NZD (New Zealand Dollar)- Kiwi
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