(example, using the Easy-Forex platform
Step1: Deciding to perform a Forex deal
You have an intention to trade Forex, and you have your own reasoning for doing so - e.g. you feel that the USD will increase compared with the EUR. The EUR/USD exchange rate is, at the time, around 1.5000 (the common presentation of the Euro-US$ pair is EUR/USD, meaning 1.5000 US dollars for 1 Euro). Your feeling can be based on your experience, or on technical analysis, or fundamental analysis, etc. For whatever reason, you belive that the USD will rise to around 1.4850 (EUR willbe down, which means USD will go up. Or you will need less USD for 1 euro). You want to profit if your forecast is correct, and so choose to make a trade.
Showing posts with label forex trading platforms. Show all posts
Showing posts with label forex trading platforms. Show all posts
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