Forex trading for beginnes

[FFM]

A solid understanding of the financial market you are going to trade on is crucial for building a good trading plan. Having a strong knowledge base will help you navigate a large volume of information in a trading world confidently and make educated trading decisions.


No matter what financial instruments you choose for your trading journey – forex, indices, commodities or others – there are three main points any day trader needs to focus on:

• • market terminology
• • unique traits of the market
• • factors influencing price movements

 

[pippin]

A solid understanding of the financial market you are going to trade on is crucial for building a good trading plan. Having a strong knowledge base will help you navigate a large volume of information in a trading world confidently and make educated trading decisions.


No matter what financial instruments you choose for your trading journey – forex, indices, commodities or others – there are three main points any day trader needs to focus on:

• • market terminology
• • unique traits of the market
• • factors influencing price movements

Can you explain what do you mean by unique traits of the market? maybe some examples?

 

[Fin_Trader]

I would also add that for successful trading you must pay attention to fundamental data. It is these indicators that can sharply reverse the price or create an impulse for further market movement.