Pay attention to this before entry
Forex trading is one of the largest forms of financial investment in the world. The reason people join forex trading is to make a profit and as part of international trade. Forex is a foreign exchange or buying and selling foreign exchange that makes people get a lot of profit from the movement of foreign currency exchange rates. Forex trading is certainly done online. The purpose of forex trading as an investment itself is to seek profit from the difference in the sales figures made. Usually those who carry out forex trading activities are known as traders. There are several things that must be considered before entry, namely:
Lot
The trading world that is increasingly in demand has a variety of terms that need to be learned to be able to use them well. One term that is often and important used is lot. A lot is the standard unit of measure for position volume, which is a fixed amount of the base currency in the forex market. This term is a component and basic term in forex trading. The standard size for lots is 100,000 units, but there are also mini (10,000), macro (1,000) and nano (100) sizes.
Profit Target
Every trader must have a profit target to be obtained. Every trader must have a realistic profit target to avoid over trading. Realistic targets mean targets that can be achieved consistently. If traders are just starting to trade, then start with a small profit target. A reasonable and realistic profit target will increase confidence so that transactions become more comfortable and secure.
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