because it is primary
THE CONCEPT OF “TREND” IN THE FOREX CURRENCY MARKET
Even the most inexperienced novice trader understands that the ability to correctly identify a trend and predict its future direction is a key point in trading. Trend is the basis of technical analysis and a factor that must be considered in all circumstances.
So what is the trend in Forex trading? This is the direction of the price movement of a financial instrument, which reflects the state of the market as a whole. Trends are of three types:
– ascending;
– descending;
– side. Continue reading
CHOOSING A FOREX MARKET STRATEGY
Getting started in the Forex market can be quite difficult, because a trader has to learn a lot of information, to get new skills – choosing a Forex strategy, choosing an indicator, a currency pair, a time period, requires certain practices and knowledge. That is why experienced traders advise beginners to first carefully examine and consider everything, and then work on a training account, having received at least a minimum of practical skills.
Forex terminology highlights such a notion as a warrant in trade. You can make a sale / purchase of a currency on the market either by requesting a quote, giving Sell or Buy commands, or by placing orders — certain sales / buying orders of a specific currency according to the rate you selected in advance. Orders can be of two types: it is a stop order (Stop Order), a limit order (Limit Order), sometimes referred to as Stop Loss, Stop Profit, Take Profit. Continue reading
How can you become a successful entrepreneur without higher education?
Steve Jobs, Bill Gates, Richard Branson, all these successful entrepreneurs do not have higher education, some of them tried to learn, but halfway through understood that this was not what they wanted and started their own business. Here it is necessary to take into account the times in which the above-mentioned people grew up, and that then, in fact, there were much more opportunities. In general, higher education is a rather important component in the development of any person, but today it is possible to become a successful entrepreneur without a diploma from a university. In the world, including in Russia, there are a large number of courses that will help you open your first business, teach you how to work with staff, and tell you about the basics of marketing. Continue reading
