Investing has never been easier, so OTX Forex has created an Exclusive Beginner’s Guide where we have kept the things simplest for your learning and to make you an expert with forex terminologies.
Currency is traded in pairs, in both spot and futures markets. The value of a currency pair depends on various factors like market trends, economic, political, and even environmental factors such as wars, natural disasters, or national elections, so it is quite important to be aware of such factors that directly affect anyone’s win or lose in the Forex Market.
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A marketplace where the world's currencies are traded is called Foreign Exchange Market and, in short, pronounced as FX or Forex. It is one of the most liquid and largest markets in the world with nearly $6 trillion being traded daily. Since the Forex market is not centralized, currencies can be traded from anywhere, with the market open 24/5 except on weekends.<.p>
The simple logic to success in trading is "buy cheap and sell high" or "sell high and buy low".
So How to Do it? What is the right time to buy or sell? OTX Forex covers all the basic and essential points covering all aspects of profitable forex trading. Learn from leading industry experts about:
Technical analysis is forecast about the future prediction of prices through the analytical study of historical market data, primarily price, volume, and open interest. Technical analysis is made up of the following:
The price is a reflection of all markets at any given time. All market information and forces are reflected in the prices.
Prices moving in trends can be turned into profit opportunities.
To determine the buy and sell times, this information is displayed on a graphical chart and updated in real-time.
Learning technical analysis includes
Before you start trading, you should be aware of the Forex Market. The Forex market is open 24 hours a day. It is important to know about the most active trading periods where you can trade profitably with your currency pairs.
A trading session is a time when banks are actively trading, and you can trade at your convenient time. Currencies behave differently according to trading sessions. It is also important and useful to know about the different trading schedules and sessions.
Active trading sessions are sessions where USDJPY, AUDUSD, EURJPY are the most traded while.
OTX Forex provides webinars and seminars to Forex learners which gives traders an insight into how Forex trading becomes more profitable trading.
Our leading industry expert guides you through step-by-step about Forex trading and develops valuable skills and strategies to cover all aspects of Forex trading techniques. Start learning Forex in your preferred language from professional financial traders.
We love meeting people offline; hence, we conduct seminars on a regular basis and try to transform the energy and useful aspects to the traders who really want to learn but aren’t that technical to handle stuff online. Webinar/ seminar includes: