Forex/FX literally stands for ‘Foreign Exchange’ and it tracks the value/ exchange rate of any given currency at any time. It is the largest financial market as it is international; comprised of all global currencies. Retail traders are able to speculate on the Forex market in order to make a profit. Head over to the about page for more information!
Unlike most other financial markets, the Forex market is open 24 hours a day for 5 days a week for retail traders opening on Sunday 22:00(GMT) and closing on Friday 22:00(GMT).
The InsideFX trading course, teaches how the market changes during different times of the day and when the best times to place trades are.
Anyone over the age of 18 can trade Forex given the correct attitude and determination.
Trading doesn’t have to be a full-time profession- it can work around your current routine. As the Forex market is open 24/5, it means that you have the flexibility to trade whenever you want. This means that as long as you can spare as little as 5 hours a week you could potentially trade Forex!
There is risk involved in every decision we make in life. Trading real money in the financial markets will always involve the risk of losing capital, however, given the correct guidance and risk management strategies, losses can be greatly mitigated. The method of trading that InsideFX promotes uses high probability trading setups in line with strict risk management rules to consistently extract profits from the market.
You can learn everything you need to know to avoid losing capital in the InsideFX trading course including: what moves the market, high profitability trading techniques, and risk management strategies.
A common mistake made by new traders is that they deposit the minimum amount into their trading account (e.g. £100) with little/no knowledge of how to trade. Perhaps understandably they lose this and then may proceed to deposit more with the same losses occurring again and again until they’ve lost thousands.
The best way to become profitable in this industry is to first invest in yourself- spend the time learning the ins and outs of the market or invest in a good trading course before attempting to trade with real money. You can always trade on a Demo account in the meantime to familiarise yourself with the markets.
The best and most time effective way to learn to trade Forex is to take a high quality trading course. The InsideFX 1to1 course offers the most value for money providing any interested person with all of the knowledge and tools they need to consistently make profit in the Forex market. Our team is always on hand to answer questions and guide students through their trading journey. Register for one of our educational courses here.
Alternatively, if you want to start more slowly or already have a good amount of knowledge trading Forex, then the InsideFX online subscription service may be all you need. Packed with technical analysis, educational information, videos and more, our team provides daily market updates and potential trade setups which you can use alongside your own analysis. Register here!