FAQ on what Forex is and how it works
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What is forex
Instantly find out whether the forex market is open or what the current trading session is based on your local timezone. What is a forex broker? We’re not saying that pivot trading should be the sole basis of your trading strategy. Instead, what we’re saying is that regardless of your personal trading strategy, you should keep an eye on daily pivot points for indications of either trend continuations or potential market reversals. Look at pivot points and the trading activity that occurs around them as a confirming technical indicator that you can utilize in conjunction with whatever your chosen trading strategy is.Forex Market Timing in India
Forex trading means trading in foreign currency, often referred to as the foreign exchange. For instance, when one travels abroad, a forex transaction is made to convert currencies. Similarly, foreign exchange traders trade currencies on foreign exchange to gain profit. Custom Word Lists Forex is traded by the “lot.” A micro lot is 1,000 units of currency, a mini lot is 10,000 units, and a standard lot is 100,000 units. The larger the lot size, the more risk you’re taking on; individual investors should rarely trade standard lots. If you’re a beginner, we recommend sticking to micro lots while you get your footing.
