YouTube is the perfect platform where traders can gain access to education, research, trading, and numerous other videos which can help traders navigate and master Forex trading
Foreign exchange market
The foreign exchange market is a global decentralized or over-the-counter market for the trading of currencies. This market determines foreign exchange rates for every currency. It includes all aspects of buying, selling and exchanging currencies at current or determined prices. In terms of trading volume, it is by far the largest market in the world, followed by the Credit market.
. The possibilities are endless, and it has never been easier for traders to build on their skills, knowledge, and experience than by making use of YouTube.
How to trade Forex for beginners YouTube?
· In this video, you will learn what is forex trading and how does it work.So go watch it now…** FREE TRADING STRATEGY GUIDES **The Ultimate Guide to Price A…
Which forex trading YouTube course is the best?
· Welcome to video #1 of Forex Trading for Beginners.This is a free (step by step) trading course that teaches you the essentials of Forex trading – especially…
Can you really make money in forex trading?
· #whatisforex #forex101 I did promised that as soon as we hit 5k subscribers I will bring to you the full course on Forex Trading. Just about 55 days from the…
What do you need to start forex trading?
· This video describes the basics of currency trading also known as forex trading. it also narrate the fundamental difference that why forex trading is better …
What is forex trading and how does it work?
The foreign exchange (also known as forex or FX) market is a global marketplace for exchanging national currencies. Because of the worldwide reach of trade, commerce, and finance, forex markets tend to be the largest and most liquid asset markets in the world. Currencies trade against each other as exchange rate pairs.
How do beginners learn forex?
Trading forex step-by-step guideOpen a spread betting or CFD trading account. … Start researching to find the FX pair you want to trade. … Based on your research, decide if you want to buy or sell. … Follow your strategy. … Place your forex trade. … Close your trade and reflect.
Is forex good for beginners?
Forex trading can be complex and may not be suitable for everyone. Whether forex is good for you will depend on your financial condition, your goals, and how much investing experience you already have as a beginner. Overall, beginners must exercise caution, especially as the majority of forex traders lose money.
How can I teach myself to trade forex?
Trading Forex for beginners summarizedLearning the basics (currency pairs)Learn the software (MT4, MT5)Learn with demo accounts.Find a reliable service provider.Use the service provider’s resources such as tools and guides.Try out the support services of the provider.Learn about strategies and try them all out.More items…•
Is forex trading a gambling?
Forex trading is considered by many to be nothing more than gambling. After all whenever you take a position in a particular currency pair, you are essentially betting on the price to either go up or down by taking a long or short position.
How difficult is forex?
Often perceived as an easy moneymaking career, forex trading is actually quite difficult, though highly engaging. The foreign exchange market is the largest and most liquid market in the world, but trading currencies is very different from trading stocks or commodities.
How long does it take to learn forex?
It will typically take on average around 1 year for someone to learn to trade forex. The technical side can be learned within a few weeks, but the risk management and psychology will take around a year to come to grasps with. The majority of traders give up before ever learning to consistently trade the markets.
How do you make money in forex?
In order to make money in forex, you should be aware that you are taking on a speculative risk. In essence, you are betting that the value of one currency will increase relative to another. The expected return of currency trading is similar to the money market and lower than stocks or bonds.
Can I get rich by trading forex?
Forex Trading is NOT a Get-Rich-Quick Scheme. Forex trading is a SKILL that takes TIME to learn. Skilled traders can and do make money in this field. However, like any other occupation or career, success doesn’t just happen overnight.
Can I trade forex without a broker?
Financial Sector Conduct Authority (FSCA) As a South African forex trader, you aren’t required to deal with an FSCA-regulated broker, but it provides you with an added level of security.
How much do forex traders make a month?
You might hear of people who make thousands of dollars to millions annually, but how much these traders make is left to speculation as only a few are honest about their earnings. The average forex trader income as of 2020, based on information from Ziprecruiter, is $81,910 a year, which translates to $6,826 per month.
Who controls the forex market?
7.1 The Foreign Exchange Market It is decentralized in a sense that no one single authority, such as an international agency or government, controls it. The major players in the market are governments (usually through their central banks) and commercial banks.
What is the best channel to learn forex?
YouTube is the perfect channel for those who are seeking for educational videos, with more choice than ever. For forex traders, both beginners and experienced, have a whole world of content to learn from and it has never been easier to learn a new skill or improve an existing one through the internet.
What is the YouTube channel of Investopedia?
Investopedia.com is a very popular and well-known website and this channel is the YouTube version of the widely popular investing website. With over 127.000 followers and millions of website viewers, Investopedia is a specialist website and solid source of anything investment-related.
How many subscribers does ClayTrader have?
This account was opened in 2013, has around 176,000 subscribers and hosts more than 7,000 videos.
When was Topdog trading founded?
TopDog Trading was established in 2007 and has a subscriber count of over 66,000. TopDog’s channel offers traders valuable educational resources on swing trading and day trading the Forex market, stocks, E-minis, futures, and options, covering all important trading concepts and also shares some popular trading strategies in his videos.
How many followers does Tradeciety have?
Tradeciety was established in 2016 and has over 30.000 followers. The founders of Tradeciety call themselves “Trading Nomads”, as they travel the world and trade by just using their laptops. The channel is a mix of trading strategies, Q&As, risk management and live trade examples, mostly based on the Forex market.
What is day trade to win?
The Day trade to Win channel focuses on day trading strategies using pure price-action and the great thing about pure price-action is that it can be successfully applied to multiple financial markets and instruments, including e-minis, currencies, stocks, and commodities. The Day trade to Win channel has also some scalping strategies covered and claims to be trading the market from the open to noon. Short-term traders will find some interesting content on the channel for sure.
Where is Trading Central located?
Trading Central Operates in New York, London, Paris, Hong Kong, and Ottawa and is a provider of investment research and market analysis, with an official YouTube channel which offers great market commentary on trending topics as well as analysis on major currency pairs.
Who is the Forex trading coach?
The Trading Channel YouTube channel was started in 2014 and features professional Forex trader and Trading Coach, Steven Hart, who shares his knowledge of the markets with the purpose of helping traders shortening their learning curve on Forex Trading.
When did Trading Central launch?
As a global leader in financial market research as well as investment analytics, Trading Central launched its YouTube channel in 2013 to provide traders with additional information on financial news.
What is trading 212?
Trading 212 is a popular London fintech company which provides traders with access to financial markets through free, smart and easy to use apps which provides traders with access to equities, commodities, Forex, and numerous other financial instruments.
When was the conquer trading channel created?
The Conquer Trading & Investing YouTube channel was created in 2013 and features informative videos on both Forex and Bitcoin trading in addition to daily analysis. There are live streams on the channel every day at 09H00 EST.
When did the day trade to win start?
The Day Trade to Win channel was started in 2008 and features videos on how traders can trade the E-mini, futures, Forex, stocks and numerous other markets by using Price Action Day trading.
When was Topdog Trading established?
TopDog Trading is one of the older YouTube channels on this lists as it was established in 2007 as opposed to some channels that have been established in more recent years.
Is Bloomberg a YouTube channel?
Bloomberg is a popular name in the financial world and there is a comprehensive YouTube channel featured as well. The Bloomberg QuickTake is a video network which caters for a new generation of both leaders and professionals.