PelajarWp.com Forex Trading Robot for Beginners – How do Forex rates affect our typical lives? Let me give an example, suppose you have converted $2,000 US dollars into $2,200 Australian dollars (exchange rate of 1 AUD = 0.90 USD) for a vacation, but you did not spend all of it.
He only spent half of it and decided to convert Australian dollars to US dollars when he got back home! So maybe by then, the exchange rate will have changed to 1 AUD = 1.10 USD, which means that you will have around $1210 USD again. As a result, instead of spending half of your initial $2,000 USD, you’ve actually purchased approximately $1,000 USD worth of goods or services for just $790 USD! You understand?
Of course, when we trade in the real Forex market, we do not exchange bills with money changers or at bank counters. With advances in technology and internet connectivity, we can only open a trading account with a Forex broker and start trading as soon as your account is funded.
Also, since most Forex brokers are willing to offer generous leverage (from as little as 1:10 to 1:500), you can start trading with just a few hundred dollars and transfer your profits to more and more. accounts.
Perhaps some of you already have experience in stock trading. Forex trading differs from stock trading in that the Forex trader is not limited to trading the currency of his own country. The trader can literally trade any currency, regardless of where he lives, as long as the trading of the currencies offered by the broker is for him.
The Forex market works 24 hours a day and 5 days a week, they are international and are not subject to time zone differences. One can literally trade from Monday morning in Tokyo to Friday afternoon in New York. Due to the nature of this market, Forex Robots, or commonly known as automated trading systems, are the best to use in this area to make some decent profits for the trader, even when the trader is quiet in the middle of the night.
When you look at currency prices from Forex brokers, each currency is represented by 3 letters of the alphabet: USD for the US dollar, AUD for the Australian dollar, JPY for the Japanese yen, GBP for the British pound, EUR for the euro, CHF for the dollar, CAD for the Canadian, etc. The exchange rate for each currency pair is expressed as follows: [mata uang dasar]/[mata uang counter] [jumlah]. For example, “GBP/USD 1.6550” simply means GBP$1 = USD$1.6550.
In summary, I hope this two-part series ‘Forex Trading Robots for Beginners’ has given you a better understanding of how and what Forex trading robots look like. Of course, if you’re reading this article because you’re interested in getting started, your journey has only just begun.
Can Forex robots really generate consistent income month after month? The answer is definite, but it depends on how much you have equipped yourself with some deep trading secrets, tips and techniques.
PS: If you want to start trading Forex, you should look for a reputable broker. There are several areas you need to pay attention to, such as which standard Forex brokers are regulated, account type, leverage, minimum/maximum balances to maintain an account, etc. You should carefully compare and choose among the most reputable brokers that you can trust with your money.
You may also want to use Forex Robots to perform automated trading for you. There are many automated Forex trading programs on the market that sometimes claim incredible returns on capital. Before looking elsewhere, be sure to check out Other Forex Robots secret articles and Forex Robots personal reviews as well to better protect yourself from falling victim to these types of scams.