Forex for Beginners Answering learning to trade forex for a living your questions about Forex! Forex beginners portal features: Beginner questions and answers, Forex beginners learning center – every bit of information for your trading success! This site is for everyone who decides to step on a path of Forex trading career.
An overwhelming amount of information about Forex can leave an average newbie quite discouraged: What to do first? Will I ever be able to comprehend everything about Forex trading? Those and many other questions will be answered here in our tutorials and lessons. FOREX” stands for Foreign Exchange, an exchange of currencies. When a person comes to trade currencies, e. What currency pairs to trade in Forex?
These currency crosses are widely traded, thus providing liquidity which is needed in order to benefit from price changes. What time frame to trade in Forex? What is the best time frame in Forex? What is the most profitable time frame in Forex?
Those and similar questions are rising day after day in minds of novice Forex traders. Let’s drop out the philosophy and focus on facts. We know that each time frame displays same data, but in different intervals. The choice of time frames is wide. Let’s take the most preferred Forex time frames: 1 day, 1 hour and 5 minute.