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Best 5 Educational Sites For Learning Forex Trading In 2020

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Forex trading is a booming industry in many countries these days. More and more people are seeking a way to participate in this market. Some are taking part in Forex courses or even trading school. Some are learning from friends. And others are learning on their own. That’s right, you can self-educate in Forex trading. So today, I will highlight to you 5 websites that are best to learn Forex trading if you want to learn it all by yourself. Therefore, without any further ado, let’s dive right in. Here are the deets… Top4ForexBrokers This is the best site if you’re looking for a good Forex broker and their basic information. This site lists every possible need for any type of trader. We all know that finding a good broker is an important part of the trade. It is equally important to the trading plan or strategy. I always had this to say: Everything you do, you do it on the broker’s platform. That means how well your broker will significantly affect your trading. That’s why choosing a...
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Flashing red after rejection at 50-day SMA, focus on rising wedge pattern

  GBP/JPY has created a rising wedge or bearish reversal pattern on the 4-hour chart.  A breakdown would shift risk in favor of a re-test of September lows.  GBP / JPY is currently trading in the red around 137.40 at the time of press, representing a decrease of 0.13% on the day, having a discharge face for the second day straight mid single grant 50 days moving (SMA) Monday. The SMA obstacle is now located at 137.78. Meanwhile, the pair formed a rising wedge pattern or reversal not bear the 4-hour chart. A breakdown would mean the rebound from September 22 low of 133.04 has ended and bears have regained control. This would open the doors to the range of 135.40 to 135.18 support. Alternatively, a close above the SMA 50 days 137.78 would signal an extension of the recovery rally.
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Is forex trading legal in India?

  Let’s get this straight! I am not a legal expert, hence my answers in this short commentary do not constitute  legal advice . Thus, this short research is based on a number of short talks with  local experts . Additionally, I have read multiple rulings, the government regulation on ETF trading, and Futures trading to find out whether or not  Forex Trading is legal in India. You can trade Forex in India. In fact, Forex has become a daily routine of many Indian lives. But if we are asking about retail forex trading in India, the answer is there are limitations. In addition, many brokers offer their clients with huge  deposit bonus  nowadays. You can trade Forex in India with  Indian Exchanges  (NSE, BSE, MCX-SX) which offers Forex Instruments. However, Indian Exchanges currently offer  USDINR ,  GBPINR ,  JPYINR , and  EURINR  pairs for trading purposes.
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Who are successful Forex traders?

  Well, the successful ones are those who have a  HUGE  amount of knowledge regarding the FX market and also who are very consistent. Because consistency leads the way for a trader to become successful in the course of time. Making a profit is not easy at all in the forex and making a profit from every trade is just a  dream . But the dream can be true. You have to focus on your trading and learn from your losses. A successful trader always stays in his rules. He never made mistakes and never lost hope. To become a successful trader you should  evaluate  on some points. Forex Signals Just like, Forex signals are very important things for a trader. It’s very needed when you want to profit in the trade. So, a successful trader must  rely  on a forex signal provider. Market Analysis Another thing is the market. The market is very tricky in the forex. You are  anonymous  about the market. When it goes up and when it goes down, you can be sur...
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What is Forex trading?

  If I put this in simple words, Forex or also called Foreign exchange is a market place from where you can both buy and sell several currencies across the world. Without a doubt, Forex trading is Huge these days. And if you want to choose Forex trading as a profession then you have to acquire a vast amount of knowledge on several topics as the currency pairs, time charts, market indicators, etc. Example!  GBP / USD has a sale price of 1.35540 and the purchase price of 1.35560. You think the pound will lose value against the US dollar, as the Bank of England will cut interest rates, so you decide to sell five standard lots at 1.35540. Each contract is equal to 100,000 of the base currency of the pair. In this case, a single standard contract to sell GBP / USD trade is equivalent to £ 100,000 for a $ 135 540 so that the amount of your position is worth $ 677 700 (£ 500 000). CFDs are leveraged products, so you do not have to put upfront the full value of your position. Much of ...
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Is Forex essentially gambling?

  Definitely not! Gambling is based on two sides 1. win and 2. loss and also it depends on luck. But the forex is totally different from it. Forex is an education that thing is considered by only who knows forex trading and trade since a long time ago. In Forex trading, you have to learn many things and spend thousands of time to become a professional. A professional trader is always making profit on every trade. So, now you are sure that forex trading is not gambling.
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How do I become a successful forex trader?

  Well, I think this process takes a little time. To become a successful trader it is not that easy sometimes. Things can get really bad sometimes. But I think from my own perspective if you do enough researches on all the aspects regarding  Forex trading  and apply that amount of research in your trading then I think in a certain amount of time you can be profitable. It really depends on hard work and dedication. Besides, always try to stay calm and get a hold on your emotions or it will be really challenging.
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