Learn More: http://bit.ly/31KDpfV Decide which currency pair you wish to trade. With over 65 currency pairs to choose from, picking a trading opportunity that’s right for you is important. City Index’s technical and fundamental research tools can help you spot currency trading opportunities to suit your trading style. We recommend that you take your time to understand the amount of price volatility associated with the currency pair to help manage your risk. There are three ways to trade forex with City Index Spread Betting, CFD or Forex Trading. Each has its particular stake size: In spread betting you trade pounds per point movement In CFD trading you trade a quantity of CFDs in the unit of the base currency (currency on the left). For example if you trade GBP / USD your stake would be in Pounds, while in USD / JPY your stake would be in US Dollars In Forex trading you buy lots, in the unit of the base currency (currency on the left) For example if you trade GBP / USD your stake would be in Pounds, while in USD / JPY your stake would be in US Dollars (the minimum stake size is 1000) Once you have picked a market, you need to know the current price it is trading at, which you can do by bringing up an order ticket in the platform. All forex is quoted in terms of one currency versus another. Each currency pair has a ‘base’ currency and a ‘quote’ currency. The base currency is the currency on the left of the currency pair and the quote currency is on the right. Put simply, when trading foreign currencies, you would: BUY a currency pair if you believed that the base currency will strengthen against the quote currency, or the quote currency will weaken against the base currency. Your profits will rise in line with every increase in the exchange price. Every fall in the exchange price below your open level, will net you a loss. SELL a currency pair if you believed that the base currency will weaken in value against the quote currency, or the quote currency will strengthen against the base currency. Your profits will rise in line with each point the exchange price falls. Every increase in the exchange price above your open level, will net you a loss. Spread - FX pairs have two prices. The first price is the sell price (known as the bid) and the second price is the buy price (also known as the offer). The difference between the buy price and the sell price is known as the spread, and is basically the cost of the trade. An order is an instruction to automatically trade at a point in the future when prices reach a specific level predetermined by you. You can utilise stop and limit orders to help ensure that you lock in any profits and minimise your risk when your respective profit or loss risk targets are reached. While not compulsory, given the volatility in FX markets using and understanding risk management tools such as stop loss orders is essential. A stop loss order is an instruction to close out a trade at a price worse than the current market level and, as the name suggests, is used to help minimize losses. There are two types of stop loss orders - standard and guaranteed. http://bit.ly/31KDpfV Related: forex, forexsignals, tradingroom, how to start trading, start trading forex, forex beginners, forex beginner strategy, how to start trading forex, forex trading, forex trading tutorial, forex strategy, good forex strategy, best forex strategy, forex signals, trade forex, forex course, trading, how to make money online 2019, make money online 2019, how to make money online fast, how, to, make, money, online, fast, 2019, earn money online 2019, how to earn money online 2019, best way to make money online, best, way, make money online fast, get paid daily online, get paid daily, how to work from home, legit work from home, legit make money online, work from home 2019, ****************--Copyright Disclaimer--**************** *None of these videos, Music or video clips are created/owned by us. **These videos are simply reposted royalty free (creative commons) content from here on Youtube or other free content platforms compiled and presented to our audience of affiliate marketing enthusiasts. ***If you (the owner) wants to have this video removed please contact us using the Youtube private messaging system and we will respectfully remove it. ****************--Credits--**************** Text: Video: Music: N/A Images: N/A ****************--Affiliate Marketing Hacks 2019--**************** Thank you for watching this video. Please "SUBSCRIBE" for more videos. Don't forget LIKE | SHARE | COMMENT by Affiliate Marketing Hacks
