Forex trading market how to make this money and know its basics

Unlike all financial markets the forex market operates not through a physical location but through an electronic network of corporates, banks and individuals which in trading one currency for another it makes it convenient for forex marketing to operate 5 days a week in time zone and 24 hours in financial terms.

How to make money on the forest trading market
Forex marketing is the most simple market with 24 hours easy access and low cost so many currency traders get into the market faster but then exit even more quickly after seeing failures here are some hints on how to stay competitive for traders and how to make money on forex

Now we will learn some basics of forex trading
Learning the basics of forest trading ranges from gaining knowledge of a few words of operatives to getting in rhythm with geopolitical economic factors that influence traders ‘ chosen currencies to mastering forex trading and earning more money.

Currency pairs:
Currencies are always traded in pairs such as JP y/INR, USD, GBD etc.
1 .Major pairs that always include USD(USD)/EUR/USD/ INR, R that that dollar i.e. that UR that inner etc.

2. Minor pairs that do not include USD but are major currencies against each other i.e. JPY/ euro ,EUR/ GDP, INR /JP Y etc.
3. Foreign pairs including a major currency and a minor currency such as USD/ HKD
   Pip (point in price )

• There is a difference in the valuation of a PIP currency pair for example if the USD /INR rate today is 74 .There is 7001 and yesterday it was 74.7 002 so the Piep is 0.0001.
• How to find the right Forex broker
• Ensure that the broker complies with Modi’s rules that maintain the integrity of the forex market.
• If you feel like you’ve found a better brokerage or trading platform then be sure to check its reviews online and see if most people have had a good experience with them right now not.
• Start with a demo practice account
• Most major trading platforms are like a practice platform so that you can try your hand at trading without spending your hard earned money. it would be a good idea to take advantage of such a platform so that you don’t waste money while learning.
• Start with small investments
• When you are involved in real time forex trading for the first time after practicing in an adequate manner, it will be a wise idea to start small.
• Create a record
• Keep a journal that records your successful and unsuccessful trades for future review this way you will remember past things and avoid repeating mistakes that can bring you great benefits for your trades in the future
• Forex trading in India
• Indian forex market is controlled by Sebi and forex trading in India follows RBI directives as per RBI’s liberalized Training Scheme No person is allowed to provide margin amount for trading or use the amount transferred abroad for speculative purposes forex trading in cash is not allowed for retail investors in India currency trading in India is facilitated by National Stock Exchange Bombay Stock Exchange and Metropolitan Stock Exchange of India Limited course given these restrictions forest trading in India is not allowed Developed markets are much smaller than with a trusted Seb I registered broker or through SBI authorized reputed platform that compiles from online forex trading