Too often new traders come into the market without getting to know the most fundamental components of foreign exchange and how currencies work.
So we decided to make a video that explains the first things traders need to know in an easy and accessible way. Demonstrating them in the Trading 212 platform in a zero spread environment, trading expert David Jones guides you through the meaning of the first terms and actions that you'll come across. These are always at the base of the skills all knowledgeable traders have and need to take on the markets.
At Trading 212 we provide an execution only service. This video should not be construed as investment advice. Investments can fall and rise. Capital at risk. CFDs are higher risk because of leverage.
suppose I reside in the European Union and I buy 1000 units of EUR/USD at the rate of 1.2030 and after sometimes, it reaches 1.3046 and I decide to sell, How is it profitable for me? I will still be paying in Euro?????
Hi Sashank, in relation to CFDs trading, traders benefit from the difference between the prices at which they have opened and closed the position. In your particular example with EUR/USD, the result when trading currency pairs is measured in the quote currency (the second one), hence in USD. Please note that in case the currency of your trading account is different than the one in which the result from a particular position is measured, it will be converted to the currency of your trading account. So, for instance, in case your trading account's currency is GBP, the result from the position will be automatically converted from USD to GBP.
I think what he's trying to say is The key to creating a successful carry trade strategy is not simply to pair up the currency with the highest interest rate against a currency with the lowest rate. Rather, far more important than the absolute spread itself is the direction of the spread. In order for carry trades to work best, you need to be long in a currency with an interest rate that is in the process of expanding against a currency with a stationary or contracting interest rate.
I have a basic stock portfolio i dont really mess with i just put money into. Im curious tho about getting into the forex market hut have no idea where to start, what software, apps, or websites do i need to look at and how do I actually get into the market.
You may want to learn by doing and practice your trading strategies for free with virtual money. Start with Trading 212's Practice Mode in seconds at www.trading212.com/en/Practice-for-Free-GBP. Take a look at the Learning hub at www.trading212.com/en/Learn. Subscribe to this channel, catch up with the tutorials and stick around for fresh content every week. Any questions? Begin a live chat with a customer care associate and receive help in real time - www.trading212.com/en/Contact?startchat.
Hello Tinye, you may want to try Trading 212 for free with virtual money - www.trading212.com/en/Practice-for-Free-GBP. The trading conditions are listed at www.trading212.com/en/Trading-Conditions. General information about the deposits and withdrawals is provided on the FAQ section at www.trading212.com/en/Frequently-asked-questions?cId=3. Any questions? Just begin a live chat to get instant assistance in real time - www.trading212.com/en/Contact?startchat.
Thanks for this video Mr. Jones.My country's currency is weaker against the major trading currencies. Please how can I buy a foreign currency to start a forex trading and get maximum returns since I can only get a local currency but not a foreign currency after trading? What is the best strategy to adopt? Thank you.
Hello Adeyemi, you may take a look at the educational materials at www.trading212.com/en/Learn. Make sure to watch the videos in the channel and stay tuned for new tutorials - fresh content every week. You may trade for free with virtual money at www.trading212.com/en/Open-Practice-Account-GBP. In case of questions, simply chat with a team member to clear it all out - www.trading212.com/en/Contact?startchat. Wishing you successful trading with Trading 212.
Hello Kith, you may subscribe to the channel and watch the tutorials. Make sure to hit the alarm bell in order not to miss a new video, because fresh content is published every week. You may also check out the educational materials at www.trading212.com/en/Learn. Test your trading strategies for free by using virtual money at www.trading212.com/en/Open-Practice-Account-GBP. Start a live chat in case any questions arise - www.trading212.com/en/Contact?startchat. Successful trading from everyone at Trading 212.
Hi Conor, you have to be at least 18 years old to trade with real money on Trading 212. Currently, the minimum deposit amount is GBP 100, EUR 100 or USD 150. Local currencies are also supported in certain countries.
Can i hold a stock for as long as i like. For example if im losing money could i hold these currencies e.g. 6months until i'll be making a profit and then sell. Or do i always need to sell before the end of the week
Hi there, is relation to Forex and CFDs trading you may keep your positions open as long as you have sufficient funds on your trading account, or until the expiration date, in case you are trading CFDs on futures contracts.
Hi Ibrahim, Trading 212 is authorised and regulated by the FCA and the FSC. Rest assured, the service is legitimate and all traders are treated fairly. You can read more at www.trading212.com/en/Company-Overview. Your results depend on your trading strategy and discipline, as well as on the market. Feel free to trade for free with virtual money at www.trading212.com/en/Free-FOREX-Practice-Account-GBP.
Hi, Roberto. You can watch the following videos on Price Action trading:
What is Price Action Trading and How to Use it - https://youtu.be/y5vFdozvcrk
How to Recognize False Breakouts - https://youtu.be/GxT-h0WF1OE
How to Use Price Action in Trends - https://youtu.be/wPPh5sfrPMo
Hello. There are plenty of videos in the channel dedicated to various technical indicators. You can browse through the tutorials and watch those you are interested in. You can also suggest topics for future videos in the comments. Rest assured, they are taken into consideration.
Uploading contracts to an online database should not take too long, and with the right solution, there should be a way to quickly drag and drop them into folders. Of course, the contract management team may want to give some thought as to how those folders are categorized. In some industries, it may make sense to classify them by agreement type, whereas in others they may need to be grouped by timeframe or date. It is obviously important to do what makes sense for your company and to ensure everyone understands the classification system that is instituted. With this sort of well-oiled system in place, it is a lot easier to keep a handle on things.
Divide and Conquer.
This is another area that is very industry-dependent, but it is highly unlikely that any company can afford to have an entire contract team devoted to managing one portfolio. More than likely, it is more realistic to divvy up the team and the contracts so that there is a leader for each relevant sphere. The entire team will obviously have to coordinate and communicate, but resources must be allocated in the most efficient manner possible. In turn, this will allow for several individuals to keep an eye on a smaller batch of contracts, thereby facilitating those periodic reviews.
Outsource the Tedium to Technology.