Introduction to Currencies and Commodities
3 things to keep in mind when trading in currency
01:01 Mins Read
Trading in the currency market is easier if you know what to keep in mind. Watch this video to learn more.
3 things to keep in mind when trading in currency Trading in currency? Here are 3 things to keep in mind before you begin. Firstly, remember to perform adequate research. Educate yourself about economic reports, upcoming events, and technical indicators that will influence your currency trades. Secondly, always trade with a plan. Know your entry and exits points And the profits you want to make from each trade. Lastly, have a stop loss order in place. This way, you can limit your risk And keep your losses to a minimum. These pointers can be useful when you’re trading in global currencies Like GBP, Yen, and Euro. In the next chapter of Smart Money, we’ll get into the details of trading in these global currencies. Keep reading and keep learning.