Straightening Your View of Trading

Forex trading is trading foreign exchange to various destination countries for the benefit of tourism and business in order to make a profit. In practice, there is no determination of the currency that should be traded so it is very dependent on supply and demand.

Some people think that the way forex trading works is by exchanging money at a money changer, even though this transaction is done online and aims to make profit, not just to get foreign currency. On a large scale, people even take advantage of this method as an investment field and a profession.

There are several things that must be understood by traders, especially for beginners, namely understanding the concept and trading mindset. The basic concept of trading, namely sell and buy, must be understood by traders. Where this concept sells at the highest price and buys at the lowest price. After understanding the basic concepts of trading, the second thing to do is to form a good mindset. The mindset in question is always in the process or always following the existing process. Not only focus on profit even though the initial goal is to achieve profit. If you only focus on profit then the process will not be carried out. To achieve consistent profits, through the process, nothing automatically generates continuous consistent profits.

Watch the video below for clearer and more detailed information!

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