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Learn to trade Forex - learn all about Forex trading 26 / April / 22 Homer Barton Visitors: 44 Rating:

This article is a "real guide to Forex for dummies", aimed at novice traders. There you will be able to learn line by line everything you need to know to start working on Forex (FX).

From currency exchange rate determination to training available on the Admirals website to well-known and recognized strategies, we invite you to read this article to the end.
But before you continue reading this, you should know that there are a huge number of Forex-related scams on the Internet. At Admirals, we never promise you to become a millionaire in a few days, even if we wish it, and we will never lose money. On the contrary, we provide you with access to training so that you can trade using well-known and preferred methods and tools in the world of trading.
Forex trading is not a video game or a casino game. You need to know the basics of trading to be able to move in the right direction and be aware of the risks associated with trading.
This Forex trading guide was written for beginners, with an educational and scalable approach. The goal is to introduce you to how to trade Forex and what mistakes a novice trader should avoid in order to increase his success potential.


table of contents.

What is Forex : definition.
Perhaps you have ever wondered: “What is Forex?” In finance, Forex is an abbreviation of foreign currency, also known as the symbol "FX".
In French, “def Forex” will be the Foreign Exchange Market.
Forex is a market (or foreign exchange market) in which the currency of one country is exchanged with the currency of another country.
It is also the largest financial market in the world, as its volume is more than $6,600 billion per day (Source: Bank for International Settlements).
Currency is also extremely important in the real economy. Companies need the Forex market to carry out their international business transactions, for example, by paying an invoice in a currency other than their own, while people use it to exchange currency before traveling or to buy real estate in another country via the Internet. If you traveled to a country outside the eurozone, you probably had to exchange euros for another currency at an exchange office. If yes, then you have already participated in the exchange rate change of the currency pair, without necessarily realizing it.
In the Forex market, currencies are traded over-the-counter between interested parties, which means that no central organization intervenes. The Forex market is a decentralized market.
In Forex, currency prices constantly fluctuate relative to each other, even at night. This constant fluctuation in currency prices has led to speculation and Forex trading.
It should be noted that currencies are quoted on the exchange in pairs.
For example, the value of the euro (symbol: euro) will be expressed in relation to another currency, such as the US dollar (USD). This forms the euro-dollar pair, designated as EUR/USD.
What is Forex trading ?
Specifically, what is currency trading? Forex trading is speculation on currency price fluctuations.
As currency prices fluctuate up and down, a Forex trader will seek to take advantage of these movements to make money by buying and selling a currency pair.
if a forex trader expects the euro to rise against the dollar, he will buy the EUR/USD pair. if a forex trader thinks that the euro should fall instead, he sells the currency pair.
Below in the article is an example of an explicable profit and loss in Forex.
Profit is recorded when the trader has made a good forecast, and loss is recorded if the trader is wrong.
Forex forecasts for buying and selling a currency pair are based on economic and/or graphical analysis, which we will consider later in this article.
Forex trading remains one of the riskiest forms of investment. Trading activities can be very profitable, but you need to learn how to trade and control risks.
To do this, the best way is to practice on a risk-free demo account with virtual currencies in realistic market conditions, following these Forex courses.
Click on the banner below to open a demo trading account.


Practice trading virtual funds.

Admirals allow you not to analyze and practice Forex alone, enjoy Forex analysis live every morning on the Admirals France YouTube channel.
Why study Forex trading ?
When a particular trader seeks to invest money, he is primarily looking for optimal trading conditions and recognized methods of making money. Forex allows you to simultaneously trade on excellent terms. Its popularity has allowed many traders to demonstrate their methods.
Thus, the Forex market is :
The ability to buy or sell currency: whether you think that the currency will fall or rise, you can invest your money in any direction. Diversify your portfolio: Admirals offers you the opportunity to trade on 40 currency pairs, which is synonymous with many opportunities. Low barriers to entry into Forex trading. Unlike the stock market, which requires a lot of capital, online Forex trading can be used for just a few tens of euros. Forex Market liquidity: Since this market handles the largest daily volume, investors can open and close positions very quickly. Schedule: The Forex market is closed only from Friday evening from 22 am to Sunday evening from 23 pm. Yes, you read it right. Forex is open from 23 pm on Sunday to 22 pm on Friday. so most of the time it is open around the clock ! Currency market volatility: Currencies are very sensitive to market announcements, such as a change in monetary policy or an increase in basic rates. Since the economic calendar is provided daily, the volatility in the Forex market is high. In addition, this market processes a lot of transactions every second. Thus, the volatility is getting stronger. The ability to trade using leverage: This tool allows you to invest part of your capital and lend the other part to your broker. Be careful, leverage is double-edged: increasing your profits as well as your losses. Regardless of whether you are engaged in scalping, day trading or swing trading, Forex trading is open to all trading styles.

  • However, be sure to check whether scalping is allowed by the broker.
  • Get access to more than 40 CFDs on currency pairs, around the clock and 5 days/7.
  • What are the risks of trading and Forex?
  • Financial risks transactional risks counterparty risk.
  • Forex trading has several advantages that we have highlighted in this article, but you should not forget that there are risks in this market that can have serious consequences.
  • Financial risk.

This is by far the most dangerous risk. Forex has a bad reputation because it is a market that allows you to use leverage. The levers are double-edged. Of course, this increases not only profits, but also losses. Be careful. Invest funds that you don't need, whether it's Forex trading or investing on the stock exchange. Under no circumstances should you invest money used for daily financing (bills, rent, credit, food, etc.).

transactional risks.
When the market is extremely volatile, the price at the time of placing the order and the price at the time of opening a position may differ slightly. In trading, this concept is called slippage.
Counterparty risk.
Despite the fact that the ESMA regulatory requirements, which came into force on June 1, 2018, protect retail investors from CFDs, you should pay attention to the quality of your broker's signature. See if this is regulated to avoid fraud.
To make it even more convenient for you to trade Forex, think about learning the vocabulary associated with this market.
An important dictionary of Forex trading.
Currency pairs : A currency expressed in relation to another currency, such as, for example, EUR/USD for Euro/USD. A Forex trader buys and sells currency pairs. Read the currency pair: if the EUR/USD exchange rate is estimated at 1.1000, it means that 1 euro is worth 1.10 dollars. Base currency: this is the currency indicated to the left of the quote that the Forex trader buys and sells. This is the euro in the EUR / USD pair. Quote currency or counterparty currency : this is the currency indicated to the right of the quote. This is the US dollar in euros / US dollars. : this is the smallest change in the quotation of the currency pair. When the EUR/USD pair rises from 1,1000 to 1,1001, it increases by 1 point.: lot is the unit of measurement of the size of the trade transaction. In Forex, 1 lot is 100,000 units of the base currency (euro, US dollar, pound sterling ...). There are mini lots (0.1 lots) and micro lots (0.01 lots) of 10,000 and 1,000 units, respectively. : leverage increases a trader's investment ability. Thus, a Forex trader can spend a small amount of money and actually invest much more in financial markets such as Forex. Leverage increases not only profits, but also losses. : this is the capital required to open a deal. It is unlocked when the transaction is closed. Ask price: the purchase price of the currency pair. Bid price : The price of a Forex pair. : this is the gap between the purchase and sale price of a currency pair, expressed in pips. This is the cost paid for opening a transaction on the Forex market. : also called a rollover, is the cost or profit paid when a transaction remains open overnight. Opening a long position is the same as being a buyer in Forex trading, also called FX Trade. Opening a short position is the same as being a seller in a deal. Trading: Trading means opening a position to buy or sell. Broker: Also called a broker, he is an intermediary who places orders on the exchange for his clients for a fee. It is thanks to the broker that you can make a deal in the financial markets. Admirals are a broker.

 

  • Looking for a definition of a term that isn't here? The Admirals offer you a trader's glossary to find out the trading conditions and exchanges.
  • Forex trading-Forex currency pairs.
  • To learn how to trade Forex, you should start by analyzing currency pairs, because they represent the object of the Forex market.
  • Any beginner in Forex trading should know that there are three groups of currency pairs: major pairs, minor pairs and exotic pairs. All major pairs contain the US dollar either as the base currency or as the quote currency.
  • The main currency pairs.
  • The main currency pairs are Forex pairs with the largest trading volumes, and they have the lowest spread. All major currency pairs contain the US dollar.


Among the main currency pairs are :

 

  • Secondary currency pairs.
  • Minor pairs, also called cross pairs or cross rates, are currency pairs that are less important than the major currency pairs. Who says it is less important, says it is less liquid and offers a higher spread.
  • Here are some examples of small currency pairs:
  • Exotic currency pairs.

Exotic currency pairs mainly concentrate the currency of developing countries. The economies of emerging market economies do not know the stability of the economies of developed countries. Thus, we will restore this stability in currencies as well. The Brazilian real will be less stable than the euro, and therefore will experience large price fluctuations. The spread will also be larger.
Examples of exotic currency pairs :
It should be noted that currency pairs are unified in trading. For example, you can trade EUR/USD, but not USD/EUR. The order of currencies is standardized for all currency pairs.
You may notice that there are many currencies available on forex, so knowing which currency pairs are best to trade and a clear understanding of how Forex works is crucial to your trading.


How does Forex trading work ?

Thus, in the Forex market, financial instruments are presented in the form of currency pairs. Thus, each online trading operation involves simultaneously buying one currency and selling another currency.
When buying a currency pair, a trader buys the base currency and simultaneously sells the quoted currency. This is a very important mechanism for understanding Forex trading.
If a trader buys the EUR/USD pair, it means that he is simultaneously buying the euro and selling the dollar. In this case, the Forex trader expects the euro to rise against the dollar. If the trader closes the buy position, the trader will buy the dollar and sell the euro. The trader trades only in an attempt to make money on the shift in the value of the currency. By no means does he have any money.

 

  • In practice, all this is done with one click on an online trading platform.
  • Selling EUR/USD means selling the euro and buying the dollar.
  • Please note that there is no need to hold a certain currency to buy or sell it. For example, using an online trading account in euros, you can buy and sell any currency pair. Again, everything happens automatically.
  • Correlations between currencies and risk sentiment.

There are certain correlations in financial markets that are interesting to know about when trading Forex, especially those that associate currencies with a sense of risk.
You may already know this, when markets experience fear (risk aversion), for example, due to bad news, traders sell risky assets such as stocks and buy so-called safe assets such as gold, and vice versa during euphoria (risk appetite)..
Keep in mind that the same mechanism exists, for example, in the Forex market :
In times of risk appetite, traders tend to buy AUD, NZD and CAD, as well as sell JPY and CHF. In times of risk aversion, traders tend to buy yen and Swiss francs, as well as sell AUD, NZD and CAD.
Thus, a Forex trader may seek to take advantage of the phases of appetite and aversion to risk by buying and selling currencies that correlate with risk.
With experience, you will be able to develop more advanced risk sentiment trading strategies using cross-currency analysis like this :
In times of risk appetite, this strategy involves buying rising currencies and simultaneously selling falling currencies to take advantage of a stronger movement of the currency pair in one direction. Purchase from: AUD/JPY, AUD/CHF, NZD/JPY, NZD/CHF, CAD/JPY, CAD/CHF. In times of risk aversion, perform reverse operations. Sale: AUD/JPY, AUD/CHF, NZD/JPY, NZD/CHF, CAD/JPY, CAD/CHF.
By the same logic, a CHF/JPY currency pair with two currencies that react equally to risk should not offer significant movements in the event of a change in risk sentiment in the markets, since both forces neutralize each other.
The goal here is to cross-analyze two currencies at the same time, one of which should rise and the other should fall, providing a broader movement potential for a currency pair that combines these two currencies, as both forces push the pair in the same direction.
Important: Every trader should make his decisions based on his personal analysis.
Correlations between currencies and commodities.
Another form of Forex correlation that you should be aware of is the one that links certain currencies to commodities.
These currencies are AUD, NZD and CAD. Indeed, since the economies of Australia, New Zealand and Canada are heavily dependent on raw material exports, their currencies are sensitive to price changes.
AUD will be more sensitive to metal prices, as Australia is one of the world's largest exporters of iron and coal. NZD will be more sensitive to agricultural prices, especially milk prices. CAD will be more dependent on oil prices, as Canada's exports account for the vast majority of oil exports.


How to trade Forex ? Three steps.

  • Opening an account with a broker select a Forex pair, buy or sell a currency pair.
  • Now that you know how the Forex market works, knowing the technical conditions of online trading, we will be able to explain to you how you can start your trading.
  • Open an account with a broker.
  • To perform trading operations on Forex or any other financial market, a particular Forex trader needs to contact a broker, also called a broker.
  • To start trading on the forex market, a trader must open a trading account with an online broker such as Admirals.
  • Choosing a Forex pair.
  • This broker or broker will provide you with a trading platform that has everything you need to trade.
  • Quotes (prices) of currency pairs charts of currency pairs graphical analysis tools interface for placing market orders.
  • Admirals provides you with free access to the world-famous and recognized MetaTrader trading platform. Thanks to MetaTrader, you will be able to access Forex with live quotes.
  • Read the MetaTrader 5 manual to learn how to use the trading platform.
  • For beginners who do not want to start with opening a real account (and we strongly recommend that you do this), we suggest you open a demo account. Thus, you will be able to trade Forex on real terms, but with fictitious money. Ideal for learning without the risk of losing your money.
  • Open a free demo account online and improve your trading strategy.
  • Buying or selling a currency pair.

To buy currency from Admirals, follow these few simple steps after you open a trading account and switch to your trading platform :
Log in to your Admirals account (WebTrader / MT4 / MT5, mobile application...), go to the "price window" or "market observation", find the currency pair you are interested in, right-click it and select "Chart Window". as soon as the forex chart appears, select the purchase volume on the "one-click trading" label, finally click "Buy".

 

  • To sell a currency pair, you have to follow the same steps and click "sell" on the last step.
  • We advise you to read more before placing an order immediately.
  • Understanding the different types of Forex trading orders.

A Forex trader can use different types of orders to trade currencies :

Market order: allows you to buy or sell a currency pair at the current market price deferred purchase limit: allows you to automatically buy a currency pair at a price below the current price if it is reached deferred purchase order : allows you to automatically buy a currency pair at a price below the current price if it is reached. the price is higher than the current price when a pending order is reached Sell Limit: allows you to automatically sell a currency pair at a price higher than the current price when a pending order is reached Sell Stop : allows you to automatically sell a currency pair at a price lower than the current price, if it is reached.
There are also two important tools that need to be included in the order for a Forex trader :

Stop Loss (SL): Allows you to automatically close a losing position at a certain level. A trader can determine his maximum loss in advance before entering a position with a stop loss. Take Profit (TP) : allows you to close a winning position and automatically make a profit at a certain price if it is reached.
We strongly recommend that you trade using stop loss and take profit in each trade.
Read our full article on the types of trading orders if you want to know more.
Gains and losses in the Forex market.
Currency prices fluctuate constantly, and a trader positions himself by buying or selling a Forex pair.
For example, buying a EUR/USD pair at the price of 1.1000 and raising it to 1.1050, the trader gets 50 points (minus the spread). The monetary equivalent will depend on the number of lots purchased. Conversely, if EUR/USD falls to 1.0950 in the same transaction, the Forex trader will lose 50 points (plus the spread).
The same logic is repeated when selling a currency pair.
The mini-terminal of the MetaTrader 5 Supreme Edition trading software calculates the Pip cost and margin for you before opening a position.
The best timings for Forex trading.
The foreign exchange market is open all day and all night on weekdays, but the trading conditions are not the same at all times.
Indeed, the terms of trade are changing, while open world markets (for example, Sydney, Tokyo, London, New York) replace each other and sometimes overlap.
To learn about the best Forex charts and exchange charts, watch the video :
In addition, you can easily find this information using the MetaTrader Edition Supreme Session Map tool.
The session maps tool on the MetaTrader 5 Supreme Edition platform from Admirals will help you identify the main markets open during your trading session.
Thus, the trader will be more interested in currencies on open markets at this time :
If you trade in the morning at the opening of the European stock exchange, it will be more interesting for you to trade currency pairs that include EUR, GBP and CHF; while in the afternoon and evening at the opening of the US markets it will be USD and CAD; Finally, at night the trader will be interested in Asian currencies, including JPY, AUD and NZD.
This is also due to the fact that currencies will respond to their countries' economic announcements during the opening hours of their respective markets.
More generally, trading conditions get worse as soon as liquidity declines, usually when markets open on Sunday evening and a few hours before closing on Friday evening. This, in particular, leads to an increase in spreads.
The optimal trading hours are from 9 to 18 o'clock, especially from 15: 30 to 18 o'clock, when the markets of London and New York are open at the same time.


Define your trading style.

Depending on your level of risk aversion and whether you have the opportunity to trade, a Forex trader can use one of the following three methods of Forex trading :
Forex: Scalping Forex with multiple positions per day (the highest risk). Trading on the daily Forex market with several positions per day (moderate risk). Trade currency on several positions per week using Swing Trading Forex (the lowest risk).


Scalping.

Forex scalping is limited to one day. All your positions should be closed at the end of the day. This is a very dynamic trading style. Forex scalping is carried out in very short periods of time, such as 5 minutes or 1 minute, to get a lot of trading opportunities! For example, a scalper will take 120 positions per day with a goal of 5 points per trade.
Attention: we do not recommend starting trading with scalping.


Day trading.

Day trading on the Forex market is also limited to day trading. All your positions should be closed at the end of the trading day. This trading style allows you to take positions on time units of 15 minutes or 30 minutes. This way you will take fewer positions than when scalping, and your trade goals will be less important. For example, a day trader will take 3 positions a day with goals from 15 to 50 points.
Day trading is suitable for Forex traders who want to limit the number of positions and exposure to risk.
Obviously, these approaches require daily consideration of the economic chart, but the importance of fundamental analysis will be less strong than in swing trading, since the position will be closed quickly, especially in the case of scalping.

The Swing Of Forex Trading.

If you have a full-time job, then the best alternative is swing trading. You will only need to analyze charts for a few minutes a week.
To trade currency fluctuations, the trader will focus on daily charts and H4 or even H1 charts to narrow the position. With this approach, current news will play an important role, since the position will remain open for a long period of time and will be influenced by various factors.
Forex tools.
When you want to trade seriously, it is important to surround yourself with the best tools.
Some tools are offered by the broker, others should be considered by the trader himself.
Journal of Capital Management, Fundamental analysis, Technical Analysis.
Let's start by learning how to trade with money management.
Learn trading for free with Money Management.
Money Management or Money Management is a set of trading rules that a trader must follow.
This time we are not talking about a rule for implementing a trading strategy, but about the rules of money management.
These rules are designed to prevent a bad trade from quickly devaluing the trader's capital.
This is due to the fact that margin trading and leverage increase the profit potential, as well as the risk of loss of invested capital. Therefore, it is necessary to establish rules for protecting your capital.
With losses, the trader's anxiety level increases, and contrary to common sense, he increases the size of positions in the hope of quickly recovering the lost money. But most often a novice trader loses more of his capital.
Learning money management allows a trader to avoid losing too much money on bad days.
For example, a trader will forbid himself to risk more than 2% of his capital on a position, so it will take a very long series of losses, which is less likely to lose all his money.
He can also forbid himself to risk more than 5% of the capital on several open positions at the same time. To open a new position, he will first need to reduce the risk on other positions.
In his money management, a trader can note that he will stop trading during the day if he lost more than 5% of his capital on the same day. This can also lead to a limit on the number of losing positions. Stop trading for a day after two or three consecutive losses.


Make a trade journal.

We learn from our mistakes, and this can be deeply implemented in currency trading.
Keep a log of your successes and failures and record all the information about this position: instrument, entry and exit levels, time, reason for entry and exit.
Reading your trading journal later will help you identify the causes of your failures and correct them, as well as highlight your strengths.

Fundamental Analysis.

Fundamental forex analysis is an analysis of the state of a country's economy or currency zone.
The analyst will focus on the country's economic data, such as GDP growth (gross domestic product), inflation, employment, as well as the monetary policy of central banks, as well as geopolitics, politics, disasters and everything else that can affect the economy.
Fundamentalist traders closely follow the publications of the economic calendar and position themselves in the market depending on whether the ads are better or worse than predicted by the consensus of analysts.

Technical Analysis.

Technical analysis, on the contrary, focuses on prices and charts.
A technical Forex trader studies currency charts and determines graphical patterns and price levels to which a currency pair can react, either by emphasizing its previous movement or by changing it.
Technicians, unlike fundamentalists, do not care about the economic value of a currency as a result of economic events that may change this value.
It should be noted that the technical analysis consists of two sections :
Analysis of technical indicators representing mathematically calculated statistics. Graphical analysis or chartism based on price behavior and graphical models.
To understand technical analysis, it is important to understand the reading of charts and be able to recognize the shapes on these charts. We invite you to familiarize yourself with the figures of Chartists by reading our beginner's guide.

Forex analysis for novice traders.

The most common approach that individual traders should use is a hybrid approach to analyzing markets and making trading decisions.
A trader can monitor Forex charts and conduct technical analysis, as well as monitor the economic chart and current events.
This is due to the fact that when data or news is published, they affect prices and can interfere with technical analysis.
The combination of both approaches allows the trader to identify :
The trend of currency prices, entry points into a position and exit points from a position, the risks of high volatility around important economic publications and announcements.
For example, when NFP (non-agricultural jobs) data on employment in the US are announced, the dollar usually reacts strongly to Forex, increasing the risk of losses for a novice trader.
Finally, it should be noted that, as a rule, the longer the trading horizon, the more important fundamental analysis becomes, since, most likely, the News will affect prices.


Strategies for starting Forex trading.

Now that you know what Forex is in the trading world, when you are more comfortable with different financial technical terms and you are familiar with different trading styles, it is now important to know the basic strategies.
Caution: No strategy is 100% winning.
Trend lines.
Before making a trade, you need to find out whether the currency is in an uptrend or a downtrend.
If the trend is upward, then the price of the currency should continue to rise. If the trend is downward, the price of the currency is expected to continue to decline.
How to draw a trend line ?
To identify trends in financial markets on a chart, the most logical thing to do is to use trend lines, a very simple but valuable tool for conclusions.
How to draw a trend line in the Forex market correctly ? First, it is necessary to determine at a glance whether we are facing an upward or downward trend.
If the trend is upward, we will find at least two consecutive minima of growth.
If the trend is bearish, you will need to find two consecutive bearish highs.
To confirm both trends, ideally there is a third peak or a third trough.
Trend lines should be drawn by combining highs and lows, as shown in the chart below :
Source : Admirals MetaTrader 5 Supreme Edition, USDCAD, chart H4 (from 11.19.2021 to 11/25/2021), released on 11/25/2021 at 11: 00. Note: Past performance is not a reliable indicator of future performance or future results.
After you plot the chart, you will be able to open your position when the price of the currency pair touches this trend line again.
When the price touches this trend line, then you will be able to open your position.
How to detect a trend change ?
Once we identify the trend, the line will help us determine if there will be any change in direction: as long as the line is not broken, and the low points remain above or touch it, it usually continues. If the price crosses the line, it can be interpreted as a change signal, as if it were resistance or support.
On the MetaTrader 5 Supreme Edition trading platform, an exclusive Admirals plugin, there are many trend indicators that help us identify them and find input signals. Here are some of them :

  • Supports and resistors.
  • Market participants determine support and resistance levels, which mainly represent supply and demand.
  • This is where buyers and sellers confront each other.
  • The lines of the supports and resistors are horizontal.
  • Forex support.
  • Support is a line that forms a virtual barrier, under which it will be difficult for the price to break through from below.
  • Source: illustration of admirals on the support line in the Forex market and in trading.
  • Thus, when the price touches this support line, you will eventually be able to take a buy position (long position).
  • Be careful, the price may also break this support line and continue to decline.
  • Forex resistance.
  • This is the reverse side of support.
  • Thus, resistance is a line that will form a virtual barrier that will be difficult for the price to overcome from above.
  • Source: Admirals' illustration of the resistance line in Forex and trading.
  • When the price touches this resistance line, you may be able to take a sell position (short position).
  • Be careful, as in the case of the support line, the price may break this resistance line and continue to grow.
  • Trade in the foreign exchange market in the range.
  • The Forex market does not always move up or down, but sometimes moves without a horizontal trend between two levels, called a range.
  • A trader may try to sell the upper point of the range and buy the lower point of the range in anticipation of exiting the Forex range.
  • A breakout of the range often, but not always, signals a return of the trend, either upward or downward, depending on the direction of the technical breakthrough.

In this example, the EUR/USD pair leaves the range from above, and the euro-dollar accelerates upwards. A trader who reportedly bought after exiting the range would have made a substantial profit.

Moving averages.
As the name suggests, moving averages are averages calculated over different time periods. The 70-day moving average means that it will represent the average price for the last 70 days, updated every day.
There are a huge number of opportunities to use moving averages, but one well-known method is to trade two moving averages, the first for a long period, and the second for a short period. The first one will be a background trend, and the second one will be a shorter trend. Then the crossover will become a sign of a trend change or even an entry point to the market.
If the exponential moving average of 50 exceeds the exponential moving average of 200, the market will be in an uptrend. If the exponential moving average of 50 falls below the exponential moving average of 200, the market will be in a downtrend.
As you can see, trading is nothing but chance and a casino game.
On the contrary, we know that all this information can be difficult to understand, even if we explain it in the simplest way.
That's why we suggest you practice these trainings, because practice is probably the best school for moving forward.
We also advise you to practice learning using a demo account. So you are trading fictitious money, not your real money. Thus, the loss will not affect your capital. On the contrary, we invite you to accept your trades as if you are in real conditions and record your trades in your journal.
Only after a proper understanding of Forex trading, a trader can start investing his money on the stock exchange.
What are Admiral training courses for studying trade ?
To help you learn how to trade Forex, we offer you two Forex and Trading trainings (free of charge).

Bottom line: our 7 rules to remember to start trading Forex.

This full article will help you understand the Forex market and take your first steps as a novice trader. We encourage you to read it again and write down our various tips.
You can make a profit by trading Forex, but to maximize your trading potential, we advise you to remember these 7 additional rules that you can write on paper and place them next to your trading station (computer):
Invest only the money that you can lose, control your emotions in the face of losses and in the face of profit, analyze the psychology of the trader, Be disciplined using stop loss and take profit, be careful in using leverage, constantly train, keep a diary. commercial.
Is the trade legal ?
Trading is a legitimate activity. But you have to be careful about scams from the internet. To avoid fraud, trade with a regulated, well-known and recognized broker.
❓ What is a trader ?
A trader is an individual who carries out transactions in the financial markets on his own behalf or for a company.
❓ What is the trader 's salary ?
For a professional trader working in a financial company, his salary is about 70,000 euros per year, excluding bonuses.
For a particular trader, the salary will depend on his initial capital, the risk taken and the success of his strategies and goals.
How to become a trader ?
It all depends on your desire: to trade normally or to trade in a professional quality. We invite you to read our article to become a trader.


For your safety, we have compiled a complete list of unscrupulous brokers.


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