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Why do currencies rise and fall? How do forex traders make money? Our Chief Market Strategist David Jones is here to show you all the forex basics you need to start trading.
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Trading forex is a complex activity. It involves the higher cognitive functions of our brains while at the same activating our most basic emotional instincts. That’s why having a firm understanding of the trading basics is crucial to avoid mistakes and make the correct decisions.
What is a position size, what are pips and points, why do currencies fluctuate, how traders profit, what mistakes to avoid and what are the most popular forex pairs – we cover all of this in this video and help you learn how to trade forex in 2019.
Stay tuned, as we continue with videos in our complete trading course on topics ranging from “What are the best forex pairs to trade”, “How to trade forex with a small account”, “How day traders make money” and the correct way to use different indicators and strategies. Finding the right place where to learn forex trading is always important and that’s why we’ll be covering every angle of forex trading.
If you liked this video, leave as a like and subscribe to the capital.com YouTube channel for more videos in our trading course! You’ll get more free online forex trading lessons as we publish them weekly!
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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.6% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.