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Forex trading: Gold trading strategy

  Gold trade is always a risk able factor. It is very hard to predict the right time for the gold trade. Gold trade is profitable only for the professional trader. A beginner can get some profit from gold trade but at the final time, they always a loser. Gold price increase Or decrease  factor: 1.       USD price: Both USD and gold trade as a base currency.If USD price decrease for any report or any political matter like an election or any disease report like COVID-19, Gold price increase. Because most of the investor buy gold as an alternative currency. Alternatively,  when the USA different financial report comes positive and USA political situation in good condition, Gold price decrease. 2.       Condition of the world: Any unstable condition for any reason (like War, Disease) increase the gold price because investor buy gold as a safe investment . Alternatively when the world come...

Which Currency pair is more suitable for forex trading?

All pair with USD is comparatively low volatile than exotic pair for forex trading. The main reason is easy to understand the pair movement and low volatility. But be careful about EUR/USD pair.  Euro is a currency of European union. That means the Euro is a currency which uses in many countries. If any good or bad news comes from any European country, Euro moves reversely. So that it is very difficult to predict the Euro condition. But other all currency pair with USD is comparatively easy to understand. In all USD pair, GBP/USD is more volatile pair. So without EUR/USD and GBP/USD you can trade any USD pair. But USD/JPY is more suitable.

Why verification is too much important for Forex Trading?

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For Forex trading, you need to complete the verification process for a forex broker and Payment method. Ensure verification before depositing any money in forex. Without verification, the Forex broker cannot provide withdraw permission. So verification is the most important factor. For verification process you need Mobile number:  A code comes in your mobile and after confirming this code, you can verify the mobile number. Email Address:  A code sent to your email address and after confirming this code, you can verify the email address. ID Verification:  For Id verification, you need to submit national id card or passport or driving license. Address verification:  For address verification, you need to submit utility bill means water bill /electric bill or bank statement. Additional verification:  After Mobile, email, id, address verification you can deposit or withdraw money. But some forex broker or online payment method want to know about your occ...

8 Secret rules you should need to know before start for Forex trading:

1. Money Management:  Money Management provides big security for your fund. Without proper money management, you can get profit but it doesn’t last in a long period. Very short time, your account will be zero. 2. Risk Management:  Risk management will provide your fund more strong. Don’t trade with high risk for both buy-sell pair selection and money management. Try to trade low volatile USD pair. 3. Market Analysis:  Market should be analyzed in three ways (Fundamental, Technical and Sentimental). Start learning about market analysis before start trading. 4.  Portfolio Management:  Portfolio management also important. Don’t buy more than 3 pair at the same time. 5 .  Broker Selection and verification:  Try to select proper forex broker for trading and complete all verification before depositing any fund. 6 .  Account selection:  Normally a broker provides 4 types of account.Cent, Standard, ECN, Micro. Select account as per your strategy. 7....

Why USD/JPY pair is safest investment for beginner?

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Many reasons involved with USD/JPY as safe investments. (Accuracy percentage-80%) 1.USD/JPY movement is much more limited than the other pair. As a Beginner, he has such little knowledge. So if he takes any wrong decision, he will able to recover it if trade with USD/JPY. Off course he should maintain money management. 2. With high volatility news USD/JPY movement normally 40-70pips .So any beginner, if he goes to lose, he will able to recover the loss by average investment or buy-sell strategy. 3. If we use a small lot and buy-sell USD/JPY traded with a gap continuously, you will get profit.  

Why you need to use stop loss when forex trading?

  Many factors related to use stop loss in forex trading. 1. Market can move any way or zigzag motion (up and down) due to fundamental news from any country . Zigzag motion mainly happens when the investor doesn’t take proper discussion and reason is the fundamental issue. The market can move reverse motion when any unexpected result of any news coming. 2. Market can go in one direction without any correction or with small correction in a long time. 3. If you take any wrong decision, your account can be zero or suffering huge loss without stop loss. 4. Many investor blame that some forex broker makes fake candle and your account may be zero if spread too high. 5. Without a stop loss, you cannot set any target. 6. Without a stop loss, You cannot do proper money management. 7. Without a stop loss, You will not able to set mission and vision. For that reason, you need to set stop loss.  

How to earn 10 dollars per day from forex trading investing 100 usd?

For earning 10 dollars per day, we need to follow average buying theory (step by step) Average volume Strategy: 80% Accurate  For this process, you must use a cent account. Choose any 5pair for Trade and place buy-sell as per market trends. First-time place 0.05 lot in all pair at 8 AM (Kolkata time, India)(suppose you open USD/JPY, GBP/JPY, GBP/USD, EUR/USD, AUD/JPY Next you see at 12 PM (Kolkata time, India) which pair you gain and which pair yolosess.(suppose you you gain with USD/JPY, GBP/JPY and loss with GBP/USD, EUR/USD, AUD/JPY ) Close all gain pair.  Rest Loss pair new trade open on same direction (If previously buy, secondly also buy). Open each trade 0.30 (suppose GBP/USD, EUR/USD, AUD/JPY  trade open) Check it next on usa trading session and see some pair in gaining position .Just see it. (suppose, AUD/JPY trade coming in gaining position 0.3lot and loss position previously buy 0.05.but you are in profit with calculating trades loss and gain. So close bot...