Going long or short
The main idea in forex is to buy a currency at a low price and sell it at a higher price.

If you think the price of a currency rate will go up, you click buy (this is called going long), but if you think the rate will go down, you click sell (called going short).

The process of going long is very simple. However, going short, in reality, is a bit more complex. Fortunately, the complexity is taken care of by automated trading systems. The shorting process happens like this: 

Forex is short for "foreign exchange." There are multiple markets around the world that trade currencies.

Forex is similar to what you do at the money changer at the airport, except on a bigger scale. Also, at the currency exchange points you always lose money, however, in forex trading, you have the chance to make a profit.

Foreign exchange trading has many uses, and it's mainly used by companies that deal in multiple currencies and hedge against the risks of unfavorable currency rate movemen

Is trading the best financial university?

Myth: Embarking on a trading journey promises more than profits—it's an educational odyssey into the intricate world of finance and economics.

Reality Check: ✅ This myth holds true. Delving into trading is essentially like signing up for an advanced course in the intricacies of market forces.

You'll unravel the intricate tapestry woven by psychology, politics, mathematics, and statistics, revealing how they converge to pulse through the veins of the f

You've probably heard the stories of traders turning a few hundred dollars into millions and saying goodbye to the 9-to-5 rat race, right?

Let's put those claims under the microscope.

We're about to dive into the 5 most talked-about trading benefits.

Armed with a no-nonsense approach and expert insights, we'll guide you through the reality behind each one, allowing you to make an informed decision about your trading journey.

#1. Can you ditch the 9-to-5 rat race and become your own boss?

My

Before you start dreaming about any potential gains, it's important to remember that, on average, more than 80% of traders lose their money.

Furthermore, you should understand a popular mistake that most beginners make.

Many beginner traders try to get rich from one grand trade or a few lucky trades.

But that's not how trading works. And that's one of the reasons why the majority of beginner traders lose their money.

A more realistic daily gain goal is around 1% of your account size.

So, if

Trading is not a get-rich-quick scheme.

If you are looking for something that will make you rich quickly, then you should NOT even think about trading.

“To become a decent trader, you need to master fundamental analysis, technical analysis, and risk management. It usually takes years.”

Also, you need to learn how to handle the psychological aspects of having painful losses... regularly.

Paul Tudor Jones, one of the most successful traders, put it simply: 

“You have to be able to handle gett

Let me tell you a real story about a forex failure.which I read online

(Passive voice)
I met a guy at a birthday party who told me about his bitter experience with Swiss francs. I guess he must have drunk a few glasses of wine, or he wouldn't have opened up about it. It was a humbling experience for him, as he believed himself to be proficient in finance.

The guy's name is Erik, and he has a successful seafood production company in Germany.

It all started when he took a loan worth 1.5 millio

Do you want to learn how pros predict forex and stock movements? If yes, you have come to the best place.

More than a million people, just like you, are using this channel to learn the basics and secrets of finance and trading.

Traditionally, learning just the basics of trading takes months of studying piles of hard-to-understand theory books. Instead, we wanted to offer something that will teach you the essentials 10X faster.

You can save a couple of months and hundreds of dollars it would t