Now Forex News Websites also in Urdu

A good news for Urdu Speaking ,Now every body can learn Forex in Urdu this blog make easy Forex learning  Me also write in English for English speaking can learn about Forex by opening (Forex English) Label

In this post i will tel Forex News Websites

Forex Trading in Etoro

Etoro

Etoro is a nice website for Trading. It is such a website that you can start Forex trading without any special training by just following or copying the other traders of etoro. No need to install a separate software of trading. Everything can be done directly from the etoro website. Just sign up for an account with your email address. The minimum investment to start a real account is 50$ only. Demo accounts can be created and run without any real investment.  

Best Time For Forex Trading

Forex markets are open 24/5 all the time but every hours could never be an ideal for your trading style.You must select a suitable time to trade in.We will provide you an guideline about Forex timings and when to trade.

There are few hours in Forex exchange when the markets are having the maximum liquidity. It means that the currencies move a lot up/down during this specific timing.Tuesday to Thursday markets are more volatile and currencies tend to move largely but on Monday and Friday there is a slow process usually.

As per Pakistan standard time, Markets are more volatile when London and New york markets are in action(6pm-9pm)The maximum traders around the world are online between 6pm-9pm

Forex Minimum Investment and Investment

We will discuss the minimum requirement of investment to start a Forex business.Forex is a nice,risky and amazing business and very profitable if you do it according to a set of rules.We will discuss how much minimum investment is need to become a successful Forex trader and to make money online.


 Forex Investment
Here are many Forex Broker which give a facility of micro accounts and starting a Forex business with 1$ to 100$ minimum.But,a key factor which must be understood that a micro account has a less capability of bearing a loss.In-fact micro account has less margin to keep the order running.Sometime a currency temporarily goes in opposite direction and moves 50-60 points opposite.Suppose,all news and data were against Euro and there was a down trend of Euro past one day or week.As per data you have placed a sell

Forex News Important and Forex News Websites

1.Forex News Websites.

It is mandatory to stay updated with forex news if you want to become a successful trader.There are plenty of news regarding every currency coming daily.These news put a reasonable impact on currency rate.For example,If EURO is being traded around a rate and suddenly European Central bank decreases its interest rate on EURO,the rate will fall in seconds.If you were logged on to news and you put a sell order right in time,you can make much profit within seconds by selling EURO.Such important news are Jobs Data,Retail Sales,Bank meetings and many others which put a great impact on currency rate.

2.Good Forex Traders Watch News

All good Forex traders keep a close eye on news and even pay a lot of money to stay updated with news.There are a few good websites which offer forex news for free.Today,we will discuss a few Forex News websites which update their news quickly.These sites also provide a good analysis of currencies and articles about Forex which can help a trader to get aid.We can plan our trading after reading those articles.The top three sites for For Forex News are

1.www.Investing.com

2.www.dailyfx.com

3.www.forexcrunch.com

We will discuss www.investing.com here.It is a great website which offers a nice Economic Calendar.This Calendar contains news and events schedule alongwith forecasts.you can simply click the link of economic calendar and check the upcoming events.Moreover,the results are updated within few seconds after the release of news data.check Pictures below.

Bases things For Forex trading

Choice of Broker

A good broker is the one who doesn't charge any commission from you.All good brokers always try to earn money through spreads and they don't charge any commission from traders.For example,A broker who charges some commission whenever you place an order,either you get profit or losses he will charge a fix amount as commission.While,Good brokers always try to make money through spreads difference.The amount of difference between sell and buy price is called spread and lowest spread is always best for you.Try to select a broker without commissions and also with low spreads like Instaforex,etoro and Avafx.They don't charge any commission on placing Forex orders.


Trading Personality

The most important thing while trading is the determination of your personality.You have to trade as per your personality.If you have a quicky type personality and you can't sit for hours watching your trades going for losses,then short entry or day trading is best for you.It is also called scalping.Scalping should be done after trend finding.If some currency pair is moving in uptrend from past two hours or the whole day,you must buy it along the trend but buy when it has come below the top point of those two hours or the day.Always pay attention that no news is coming about that currency during that time. If a currency pair is going in downtrend,selling that at the top point of the day or hour would bring profits for you.

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