Sean seshadri test your daytrading skills on forexPresentation Transcript
Test your day trading skills on Forex Sean Seshadri
Test your day trading skills on Forex• The forex market represents a huge potential opportunity for traders worldwide as over 3 trillion dollars is traded daily.• It does not have any centralized exchange and the participants are banks, large institutions, and many retail traders.
Test your day trading skills on ForexThe great thing about this market is one canpractice on this market with very little risk asone can put as little as 1 dollar of risk into atrade.It is based on portfolio size of course. A 100kpurchase which is equivalent to 10 lotstranslates to 10 dollars/pip.
Test your day trading skills on Forex• Therefore if one purchases 10k then it is a dollar per pip( point movement).• Most brokers give you a hundred to 1 leverage so a very small amount is needed to trade this instrument.• It has multiple short term opportunities and long term depending on ones time frame.
Test your day trading skills on Forex• A trader should trade liquid currencies such as the EUR/GPB/YEN and get good at the psychology behind those price movements.• With the looming problems in Europe, the EUR is depreciating against the dollar, and the Indian rupee has seen its lowest levels against the dollar in years.
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