usd jpy forex

How to trade currencies?

Merry Christmas:) So … I am new to the FOREX market (for a moment, I wrote forest:)) And, of course, I have several questions: 1. What to buy now? I see people who look Forex too "philosophical." As I said, I am newbie in this market, so they may be right, but … why ask someone what is the "Eliot" theory to make money in exchange when you can not read the news and predictions and see the chart?? So my question is not whether the works Eliot or not:), but is it good to buy NZD against the USD, JPY or cons? I think thats the best deal now. 2. Is it good?? Ofcourse forex seems very attractive to people because of the very high "leverage." In fact, I understand the leverage "to be credit. Ok, it's good when I win, but if I lose, I'm not losing money brokers? I guess then no one loses because when I lose, someone else succeeds … anyway you got it:) 3. Can you trust Forex.com? It's my dealer;) Thanks and a new year tail!

Hello, 1. Firstly I want to say that nobody could predict the market. Therefore, the waves of Elliot with some Other technical indicators are very useful when you Analysys to enter / exit point 2. All currency pairs are good. Some of them have a greater volatility and lower volatility. Usually traders are trading with many currency pairs they like. 3. As you've noticed Leverage may also be beneficial than harmful. For this reason, traders use rules of risk management money. The main rule is not likely more than 2% of your goodwill, which is Rule No. 1. 4. Rule No. 2 – Listen and follow the market. Trend is your friend. 5. Rule No. 3 – Do not listen to experts. They are paid for their speeches. If their predictions are so successful why they do not market themselves? The Trade is much more profitable than pay to make predictions. 6. Rule No. 4 – Never trust "black boxes". All are created by historical data. Their presentations look very good but the market is alive because traders are personse live and no one could predict the next movement of thousands of people live dealers. 7. There are many Forex brokers online. I do not know forex.com as brokerage. But I do not like their parking business. Business I preffer MetaTrader 4. Forex Trading is very exciting and profitable Good luck!

Forex Trading System Tips: USD/JPY and RSI

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