Capital Street Fx

  Technical Aspects of Forex Trading Every day many new traders enter the financial markets, they use a variety of methods to trade which can be dismaying at times. Traders may use fundamental analysis or technical analysis to initiate their trades in  financial markets . So, how do we build a trading strategy? Complimentary to Fundamental Analysis is Technical Analysis. This is the study of market price and volume of trades. This form of analysis does not take into account the company, commodity, or market but instead focuses on the historical market data which helps us in predicting the future market direction. Technical Analysis is a technique of inspecting and anticipating price movements in the financial markets by using historical price charts. If a trader can identify or read these past market patterns, they can frame a fairly accurate prediction of future price directions. Technical Analysis is not an exact science and nevertheless, many people use it to trade in the f...

  What is Forex? Forex is the marketplace where various world’s currencies are traded. The  forex market  is the largest and is the easiest to liquidate within the world, with trillions of dollars changing hands a day. there’s no centralized location, rather the Forex market is a network of banks, brokers, institutions, and individual traders Many entities, from financial institutions to individual investors, have currency needs, and should also speculate on the direction of a specific pair of currencies movement. They post their orders to shop for and sell currencies on the network in order that they can interact with other currency orders from other parties. The forex market is open 24 hours each day, five days every week, apart from holidays. Currencies should trade on a vacation if a minimum of the country/global market is open for business. BENEFITS OF FOREX TRADING With the large growth of trading opportunities over the past 20 years, financial markets became access...

Capital Street Fx | Plan of action Before placing your first trade:- Make a plan of action. What do you want to achieve from trading? What trading strategy appeals most to you? These are a couple of the questions you should ask yourself. Possessing a clear goal will do wonders for your trading discipline. Start Gradually:- Learning any new skill or activity requires starting with the basics and going from there. Trading is no different. Do not be tempted into jumping straight in with big money trades, but rather begin with small investments and take your time. Learn gradually from every step you take. Do Not Work According Emotions:- It is important to control your emotions when trading, particularly your levels of stress. Make sure you have a clear head and are making informed, rational and unemotional decisions. Reduce your stress levels by finding the cause of your stress and either removing it or reducing its impact on you. Practice:- No list of  tradin...