What is TradingTrade is a basic economic concept involving the buying and selling of goods and services. Forex trading is the world’s largest financial market with a daily turnover of $5 trillion and it involves many people with many currencies.
HOW DO I TRADE?As a trader, one of the most important things you can do to improve your chances of success is to approach trading as a business. A successful trading business requires a successful strategic plan that covers your actual trading. Your trading plan includes the details of trading about what you will trade and how you will trade it to get the success.
Basically, you open a buy order if you expect the price to go up and open a sell order when you expect the price to go down.That means that you buy a certain amount at a lower (support price) & sell it at a higher price and gain profit from the price difference and vice versa.