Hana Stejskalová – Forex Basics: Trading Tips that Worth Your Time

Description

Hana Stejskalová – Forex Basics: Trading Tips that Worth Your Time

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Description

I started trading because I believe that times, when you went to school and found a good paid job, are long gone.

Don’t get me wrong, it is not the only way how to make money today, but I was pretty good when working with numbers and trading appealed to me.

The aim for FX Basics series is to make you stop devastating your trading accounts and slowly increase your profits.

We will talk about, what I learned so far, 3 basic topics of trading:

PSYCHOLOGY

MONEY-MANAGEMENT

STRATEGY

I will share with you all my experience, what influenced me and what I find most valuable when heading for success.

Today, we’re going to focus on tips for trading when you are a beginner, where you’ll find out:

what FOREX is about and what it is not about
what should you focus on, if you are a beginner trader
how to practice without risking money

Forex Trading – Foreign Exchange Course

Want to learn about Forex?

Foreign exchange, or forex, is the conversion of one country’s currency into another.
In a free economy, a country’s currency is valued according to the laws of supply and demand.
In other words, a currency’s value can be pegged to another country’s currency, such as the U.S. dollar, or even to a basket of currencies.
A country’s currency value may also be set by the country’s government.
However, most countries float their currencies freely against those of other countries, which keeps them in constant fluctuation.