Now what? You have a profitable trading system and solid Money Management rules. Is that enough? The answer is simple. If your psychology allows you to follow the system and abide to the Money Management rules then the answer is positive. Otherwise, the negative balance will constitute a proof of fear and panic dominating all over your mind.always keep this in your mind.
well here is a brief illustrated guide to understand the market trading method,
ok will first move to the vegetable market and there are buyers, sellers & vegetables, buyers will pay money to sellers and buying vegetables from sellers, now the transaction is completed and the trade has been done.
well here is a brief illustrated guide to understand the market trading method,
ok will first move to the vegetable market and there are buyers, sellers & vegetables, buyers will pay money to sellers and buying vegetables from sellers, now the transaction is completed and the trade has been done.
Well that is vegetable market , in that market selling vegetable only ,here we now moving to forex mkt to see what they are selling!!! its very quite simple and its just only MONEY. In forex mkt (fx mkt) buying and selling only different countries money and money to money.
Ex :Eur for Usd
Jpy for Aud
Usd for Cad
but currencies are traded by pairs....whats the meaning of that?? here we go
#What is the meaning of EUR/USD=1.3300 ????
Meaning :To buy 1 EUR, you have to pay 1.33 $, yes thats all and it represents that how much $ you have to pay to by an EURO.
#What is the meaning of USD/CAD=0.9900 ????
Meaning :To buy 1 $, you have to pay 0.9900 CAD, thats it.
From other words we are buying and selling MONEY to MONEY in this forex market.
OK now you will wonder , cause there are two prices which is bid price and the ask price.(if you have any questions please just make me a comment), but i talk with you only one price ,all right now we discuss about bid and ask price briefly, BUT we are talking about this on my next post..bye..bye!
