What is currency trading?
Currency trading involves trading in currencies of different country like USD from US, GBP from UK, JPY from Japan and so on with other parts of the world.
And daily currency trading volume is over 6T dollar as of 2023.
How do I start trading Currency?
If you’re interested in trading currency, also known as forex trading, it’s important to understand that it’s a complex and volatile market that requires knowledge, skill, and discipline. However, with proper education and practice, it can be a rewarding and lucrative pursuit. Being a forex trader is one of the difficult job but if you find a mentor who help you in this journey then your journey will be so easy and your learning growth will be exponential.
In this blog, we will provide a brief guide on how to start trading currency.
1- Educate Yourself
The first step in trading currency is to educate yourself on the market. Read books, watch video’s on forex trading, and take online courses or attend seminars. Learn about technical analysis, fundamental analysis, and risk management. Understand the different currency pairs, the economic and political factors that affect them, and the trading strategies that are commonly used.
If you are a beginner in forex trading, then you can start learning from website like https://www.babypips.com/ and for video tutorial, you can learn technical and basic from YouTube channel https://www.youtube.com/@steptraders/
In this channel there are separate playlist for basics, technical analysis and for all other categories.
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