Forex trading tips: 6 most crucial tips to get you started

Forex trading tips: 6 most crucial tips to get you started

Forex trading is carried out across the planet, allowing traders to buy and sell currencies in a huge, highly liquid marketplace. This is one of the most active financial markets, with an average daily trading volume of $5 trillion. What forex tips do you need to know to get started in this area?

Forex market hours and the best time to trade FX

One of the most interesting aspects of Forex trading is that it can be carried out on a 24-hour basis, from Sunday through to Friday. These trading hours can be more easily understood by dividing the trading day into three main sessions.

The 5 Forex strategies beginners need to know

The forex market is highly volatile and with this comes some great opportunities to profit from short-term price swings. However, this volatility also presents you with the risk of making losses on your capital, so it’s important that you understand the factors that can induce volatile periods and plan ahead accordingly.