How to Read Currency Chartsīefore we dig deeper into how to use a Forex currency strength indicator, let’s quickly cover the basics. But, how to know which currencies will fall or rise in the coming period? Traders use various strategies to get an answer to that question, and a Forex currency strength meter can also help in achieving that goal. In both cases, Forex traders make a profit on the difference between their entry and exit prices. When short-selling, traders borrow a currency at a higher price, sell it, wait for the price to fall and re-purchase the currency to return the loan. Just like stock traders, Forex traders aim to buy a currency cheap and sell it later at a higher price. Most fluctuations of major pairs are in the ☑% range, and traders try to take advantage of those small price-changes by utilising leverage. Unlike stocks, currencies don’t fluctuate much on a daily basis.
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