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"Tips and Tricks for Forex Trading, FX Trading, help you in Currency trading, or foreign exchange trading and much more."




ONLINE

FOREX TRADING

PLATFORM

Forex Trading is not lottery, it is Business




What is Forex?


"Forex" stands for foreign exchange; it's also known as FX. In a forex trade, you buy one

currency

while simultaneously selling another - that is, you're exchanging the sold

currency

for the one you're buying. The foreign exchange market is an over-the-counter market.

Currencies trade in pairs, like the Euro-US Dollar (EUR/USD) or US Dollar / Japanese Yen (USD/JPY). Unlike stocks or futures, there's no centralized exchange for forex. All transactions happen via phone or electronic network.



Quick Introduction to Forex Trading Market




What is Forex trading market?


It is the largest financial market in the world with more than 4 trillion dollars traded each day across the world. Since it is the biggest market with high amount of transactions, it provides high liquidity to the traders in it. They can easily enter and exit a trade. Though there are many currencies in the world there are eight major currencies USD, EUR, GBP, JPY, CHF, CAD, AUD and NZD. The majority of the trading volume in Forex market takes place due to transactions of pairs belonging to these major currencies.

In equities and stocks, there are thousands of possible choices to choose from but in foreign

currency

trading there are only a few

currency

pairs to choose which makes Forex trading less complicated than other ways of online trading.


Do and Don't in Forex Trading


Forex trading is generally referred to as an exchange of currencies or what is commonly known as Foreign Exchange. It is not a game of bet like that of balls gaming or pony racing. This is a rewarding business which is open online 24/5 and is an outstanding method for making quick cash. In no time traders can reap the fruits of good trade by timing their trade wisely. Just as in other businesses, a new Forex trader too has to follow certain do’s and Don’ts to become successful in his business.

Do’s:
1. A new forex trader who is all set to begin trading in the market should be ready with a trading plan. The pillars of successful forex lies with sound knowledge and understanding of the entire Foreign Exchange Trade Lifecycle.
2. In order to give a smooth start to their trade business, one should keep in mind the present monetary market scenario and study the dynamics and conduct basic research related to forex trade.
3. A new trader should always begin his trade at a time when the market shows a progressively growing or down
4. Prior to beginning a currency trade, he should always keep in mind the gain and loss ratio.
5. Having a sound knowledge on the Fibonacci Analysis will help a trader to choose the best time of his entry or exit for starting a trade as it enables them to foresee the market fluctuations.
6. A detailed technical and fundamental study of the current trading patterns by using charts, continuation patterns or trend reversal will be beneficial for a new forex trader.

Don’t’s:
1. A trader should be patient and should avoid impulsive decisions.
2. They should not make hasty decisions in order to earn profits, but instead should gradually learn the trick of trading. A forex trader who is not sure about the market trends should not risk their present capital
3. A trader should avoid indulging in trades during inactive market hours as this may incur heavy loss.
4. It will be unwise for a new trader to trade with all his deposit,particularly when he does not have proper understanding of Forex trade. Even a small movement of the market will make him loose all the money on his deposit. You have to trade with the adequate amounts of money to minimize the risks.
5. Being greedy in this form of trade is a big no.Emotions and feelings should be kept apart. Doing trade business primarily based on market feelings is not considered a wise practice.
6. For a reliable trade, traders should avoid entering into currency trade, particularly when bars represented in the charts look unstable or are dipping. You should enter to the market carefully and realize your actions

An effectual forex strategy is essential to boost up a trader’s business. No business can flourish without the aid of proper trading strategies. Selecting an inappropriate trading policy can be a catastrophic mistake. So choosing the right trading strategy and anticipating the best is of paramount importance for a new forex trader. To trade in this arena will be full of rewards yet there are chances that one may lose all that they have invested. Knowing what one should perform and what they should avoid definitely will make things simpler prior to them jumping into the exchange market. Always remember that the forex trade market is not a lottery or getting rich quick scheme. Here a person should learn the ways of trading in forex as well as how to keep themselves safe from losses which are common when it comes to the forex market.


More Tips, click here..



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Based upon average ratings from individual forex traders collected world wide from numerous websites throughout the Internet.


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Terms and conditions:


This website is not an official website and is not associated with 'la libanaise des jeux' or 'lebanese national lottery' or any company that manages any product for which their services are employed.

The information available on the LEBANON-LOTTO.COM website is solely for the use of players and prospective players of The Lebanese lotteries. These are information pages only and are not intended to encourage participation in lotteries.

Do check your results from any authorized lotto dealer near you to confirm your winnings.

We are live on Facebook:
Go like our facebook page: ( Lebanon Lotto, Yawmiyeh & Yanassib ) Where you can check your ticket results of Lotto, Zeed, Yawmiyeh & Yanassib.

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