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What is Forex trading?

 

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Also known as foreign exchange or currency trading, forex is one of the biggest and most traded markets in the world. In forex trading, traders aim to generate a profit by speculating on the value of one currency compared to another. Therefore, currencies are always traded in pairs - the value of one unit of currency doesn’t change unless it’s compared to another currency.

Currency pairs look like this: EUR/USD - The first currency/The second currency.

 
To start trading Forex with free and high quality signals, click here: 

There are 2 scenarios in trading forex:

1. Buy Trade:

If you believe the current value of the Euro is strengthening against the US dollar, you might enter a trade to buy euros in the hopes that the currency’s value will become stronger compared to the US dollar. In this scenario, you think the euro is bullish and the US dollar is bearish.

2. Sell Trade

To the contrary, if you think the current value of the euro will weaken against the US dollar, you might enter a trade to sell euros and anticipate that the currency’s value will become weaker compared to the US dollar. In this scenario, you think the euro is bearish and the US dollar is bullish.

Global magnitude

Forex trading is so popular that it makes up 95% of the foreign exchange transactions on the market. Conversion transactions only make up just 5% of the forex market. Forex is open 24/7.

Forex Signals:

We at Tools Trades provide trading signals that are suitable for all trading methods, Forex included.

Every signal we create gives you all the indications you need to execute a trade:

Direction: the signal shows you which direction to choose when you open a new order/ trade in the trading platform (Buy or Sell).

Take profit: the signal shows you when to close the trade in a case that the trade went the right direction

Stop loss: the signal shows you when to close the trade in case that the trade went the wrong direction.

 

 

To start trading Forex with high quality signals, click here: