Forex is a market, participated in all over the world, where people can trade currencies for other currencies. For example, a person who is investing in America who has bought 100 dollars of yen may feel like the yen is now weak. If this is a good investment, this trader will be able to sell the yen for a profit later.
Don’t trade based on your emotions. Staying rational and levelheaded will minimize your chances of making risky, impulsive decisions. While your emotions always impact the way you conduct business, it is best to approach trading decisions as rationally as possible.
Traders who want to reduce their exposure make use of equity stop orders. It works by terminating a position if the total investment falls below a specified amount, predetermined by the trader as a percentage of the total.
Before choosing a forex account broker, it is crucial that you …