Seamless will teach you how to do a research on the coins which have the potential to go up in market making 30-50X
We will teach you Fibon-Achi to find the targets and the resistance and support for the BTC and the altcoins
What is forex?
Forex is Foreign exchange.
It is the opportunity to trade two currencies against each other.
If you think one currency will be stronger versus the other, and you end up correct, then you can make a profit.
If you’ve ever traveled to another country, you usually had to find a currency exchange booth at the airport, and then exchange the money you have in your wallet into the currency of the country you are visiting.
The foreign exchange market, which is usually known as “forex” or “FX,” is the largest financial market in the world. The Forex market is a global, decentralized market where the world’s currencies change hands. Exchange rates change every second so the market is constantly in moving. Most of the currency transactions that occur in the global foreign exchange market are bought (and sold) for speculative reasons. Currency traders (also known as currency speculators) buy currencies hoping that they will be able to sell them at a higher price in the future.
What is traded on Forex?
The simple answer is MONEY.
Because you’re not buying anything physical, forex trading can be confusing so we’ll use a simple (but imperfect) analogy to help explain. Think of buying a currency as buying a share in a particular country, kind of like buying shares in a company. The price of the currency is usually a direct reflection of the market’s opinion on the current and future state of a country’s economy.
In general, the exchange rate of a currency versus other currencies is a reflection of the strength of a country’s economy vs other world economies.
Every country has a currency. The major pairs are the four most heavily traded currency pairs in the forex market. The four major pairs are the EUR/USD, USD/JPY, GBP/USD, USD/CHF.
How to trade on Forex?
Forex trading is the constant buying of one currency and selling another. Currencies are traded through a broker or dealer and are traded in pairs.
“For example, the euro and the U.S. dollar (EUR/USD) or the British pound and the Japanese yen (GBP/JPY).”
When you trade in the forex market, you buy or sell only in currency pairs.
Exchange rates fluctuate based on which currency is stronger at the moment. There are three categories of currency pairs:
1. The “majors“ - These pairs all contain the U.S. dollar (USD) on one side and are the most frequently traded.
2. The “crosses“ - Currency pairs that don’t contain the U.S. dollar (USD) are known as cross-currency pairs or simply as the “crosses
The “exotics“ - Exotic currency pairs are made up of one major currency paired with the currency of an emerging economy, such as Brazil, Mexico, Chile, Turkey, Hungary, and many others.
When to Buy or Sell a Currency Pair?
Forex trading involves trying to predict which currency will rise or fall versus another currency. How do you know when to buy or sell a currency pair? In the following examples, we are going to use a little fundamental analysis to help us decide whether to buy or sell a specific currency pair. The supply and demand for a currency changes due to various economic factors, which drives currency exchange rates up and down. Each currency belongs to a country (or region). So forex fundamental analysis focuses on the overall state of the country’s economy, such as productivity, employment, manufacturing, international trade, and interest rates.
lot size - When you go to the grocery store and want to buy an egg, you can’t just buy a single egg, they come in dozens or “lots” of 12.In forex, it would be just as foolish to buy or sell 1 euro, so they usually come in “lots” of 1,000 units of currency (micro lot), 10,000 units (mini lot), or 100,000 units (standard lot) depending on your broker and the type of account you have (more on “lots” later).
Forex is Foreign exchange.
It is the opportunity to trade two currencies against each other.
If you think one currency will be stronger versus the other, and you end up correct, then you can make a profit.
If you’ve ever traveled to another country, you usually had to find a currency exchange booth at the airport, and then exchange the money you have in your wallet into the currency of the country you are visiting.
The foreign exchange market, which is usually known as “forex” or “FX,” is the largest financial market in the world. The Forex market is a global, decentralized market where the world’s currencies change hands. Exchange rates change every second so the market is constantly in moving. Most of the currency transactions that occur in the global foreign exchange market are bought (and sold) for speculative reasons. Currency traders (also known as currency speculators) buy currencies hoping that they will be able to sell them at a higher price in the future.
What is traded on Forex?
The simple answer is MONEY.
Because you’re not buying anything physical, forex trading can be confusing so we’ll use a simple (but imperfect) analogy to help explain. Think of buying a currency as buying a share in a particular country, kind of like buying shares in a company. The price of the currency is usually a direct reflection of the market’s opinion on the current and future state of a country’s economy.
In general, the exchange rate of a currency versus other currencies is a reflection of the strength of a country’s economy vs other world economies.
Every country has a currency. The major pairs are the four most heavily traded currency pairs in the forex market. The four major pairs are the EUR/USD, USD/JPY, GBP/USD, USD/CHF.
How to trade on Forex?
Forex trading is the constant buying of one currency and selling another. Currencies are traded through a broker or dealer and are traded in pairs.
“For example, the euro and the U.S. dollar (EUR/USD) or the British pound and the Japanese yen (GBP/JPY).”
When you trade in the forex market, you buy or sell only in currency pairs.
Exchange rates fluctuate based on which currency is stronger at the moment. There are three categories of currency pairs:
1. The “majors“ - These pairs all contain the U.S. dollar (USD) on one side and are the most frequently traded.
2. The “crosses“ - Currency pairs that don’t contain the U.S. dollar (USD) are known as cross-currency pairs or simply as the “crosses
The “exotics“ - Exotic currency pairs are made up of one major currency paired with the currency of an emerging economy, such as Brazil, Mexico, Chile, Turkey, Hungary, and many others.
When to Buy or Sell a Currency Pair?
Forex trading involves trying to predict which currency will rise or fall versus another currency. How do you know when to buy or sell a currency pair? In the following examples, we are going to use a little fundamental analysis to help us decide whether to buy or sell a specific currency pair. The supply and demand for a currency changes due to various economic factors, which drives currency exchange rates up and down. Each currency belongs to a country (or region). So forex fundamental analysis focuses on the overall state of the country’s economy, such as productivity, employment, manufacturing, international trade, and interest rates.
lot size - When you go to the grocery store and want to buy an egg, you can’t just buy a single egg, they come in dozens or “lots” of 12.In forex, it would be just as foolish to buy or sell 1 euro, so they usually come in “lots” of 1,000 units of currency (micro lot), 10,000 units (mini lot), or 100,000 units (standard lot) depending on your broker and the type of account you have (more on “lots” later).
Leverage – When you don’t have enough balance to buy 10000 Euros - You can! By using leverage.
When you trade with leverage, you wouldn’t need to pay the 10,000 euros upfront. Instead, you’d put down a small “deposit”, Leverage is the ratio of the transaction size (“position size”) to the actual cash (“trading capital”) used for margin.
-For example, 1:100 leverage, means $2,000 of account balance is enough to open a position size worth $200,000.
A small deposit can lead to large losses as well as gains- If not used properly. It also means that a relatively small movement can lead to a proportionately much larger movement in the size of any loss or profit which can work against you as well as for you.
Pips - You’ve probably heard of the terms “pips”
A pip is usually the last decimal place of a price quote, or in other words – the smallest price movement on the market.
Most pairs go out to 4 decimal places, but there are some exceptions like Japanese yen pairs (they go out to two decimal places).
When you trade with leverage, you wouldn’t need to pay the 10,000 euros upfront. Instead, you’d put down a small “deposit”, Leverage is the ratio of the transaction size (“position size”) to the actual cash (“trading capital”) used for margin.
-For example, 1:100 leverage, means $2,000 of account balance is enough to open a position size worth $200,000.
A small deposit can lead to large losses as well as gains- If not used properly. It also means that a relatively small movement can lead to a proportionately much larger movement in the size of any loss or profit which can work against you as well as for you.
Pips - You’ve probably heard of the terms “pips”
A pip is usually the last decimal place of a price quote, or in other words – the smallest price movement on the market.
Most pairs go out to 4 decimal places, but there are some exceptions like Japanese yen pairs (they go out to two decimal places).
https://onlinelibrary.wiley.com/doi/pdf/10.1002/9781118479506.app1
Introduction to Elliot wave principle
Introduction to Elliot wave principle
📈 #Ethereum $ETH Open Interest in Perpetual Futures Contracts just reached a 1-month high of $342,304,296
Oh, guys 😔, if you haven't been here 👉 https://magicsquare.info/Beta better do this now🤭, free tokens for beta sign up are limited 😎😎
Seamless will teach you how to watch other trades for the currency pair not only usdt pair but most important trade of alt coin with the btc and eth.
Don’t play risky trades in futures with huge amount unless you are 100% sure about that trade otherwise you are going to loose everything in your portfolio