The interest in the endless market of currencies results in opening demo and real accounts and starting practicing and trading. When first entering Foreign Exchange market, it is important to have broad knowledge and information on the market. But as it is known, knowledge without practice is worth nothing. Now let us consider the steps required for opening a demo and real account in NetTradeX trading...
Each trading operation results in either profit or loss the calculation of which is performed automatically in the trading platform server. However, it is useful to know how this calculation is formulated. There are 3 important things to consider during the calculation: the volume of the opened position, the asset quotation and the direction of the position (Buy/Sell).
One of the most powerful means of winning a trade is the portfolio of Forex trading strategies applied by traders in different situations. Following a single system all the time is not enough for a successful trade. Each trader should know how to face up to all market conditions, which, however, is not so easy, and requires a deep study and understanding of economics.
With the rapid development of computer technologies at the end of the 20th century the process of trading in financial markets changed and became completely electronic. There also appeared a separate segment of trading known as algorithmic trading.
Psychological factor is vital for success or failure of the trader. Even with clear trading strategy and ability to analyze the market the vast majority of traders lose their money as they are unable to control emotions.
A single trading account is a set of brokerage services that allow a client to trade on multiple segments of the financial market using only one single account.