Created by the owner and business coach of SupremeCommerce dropship training and digital ad education, this blog is all things home-based business, dropshipping and online marketing. Resources for entrepreneurs in any field.
There are many strategies when it comes to day trading. The best plan of action for forex trading is a combination strategy. You shouldn't be relying on just indicators alone, but following 3 market phrases as your base, and using indicators to help confirm your entries.
Proper Lot Sizes can be controversial, depending what trader you ask because if you open LOTS of trades per week, you want smaller lots. 1-2 trades a week means you can use slightly larger lot sizes with the same account size. No matter your strategy you shouldn't go very far beyond the spectrum that is showed in this video.
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Another day, another dollar. Let’s learn a bit more about PIPs and pairs. The most common currency trading are as follows: USD (U.S. dollar), JPY (Japanese Yen), GPB (Great British Pound), CAD (Canadian dollar), and EUR (Euro). Before we get ahead of ourselves, let’s talk about PIPs and what it is.
A PIP is an abbreviation for price interest point. PIP is a measurement tool that is used within currency pairs which correlates to the smallest price movement made by any change of the currency exchange rate. Most currency pairs, except JPY, are quoted to the fourth decimal position or one-hundredth of one percent. This means that smallest change in the currency pair would be the last figure. JPY denominated currency pairs are quoted to the second decimal position. A one PIP difference can equate to a consequential profit or loss, even though it is a small measurement unit. As an example, if we entered a trade for EUR/USD and we...
As some of you may heard, big things are coming to our platform - or already here (May 1st, 2020!)
SupremeCommerce Training has entered the world of Forex to bring you another pillar for your foundational wealth building.
If you are looking into earning extra income, we highly recommend for you to start building your foundation for wealth with an eCommerce business, such as Amazon or Shopify. With an eCommerce business you can start earning quickly in short-term, whereas, with Forex, though you can earn short-term, it is more of a long-term earning process.
However, if you are 100% sure you want to start with Forex, then here are some tips for you: