DEMO FOREX ACCOUNT
a hedging strategy for forex?
I would like to know a simple hedging strategy for forex.
I’m new to forex, I got a demo account right now, but I’m losing money. What’s a good stategy, and what’s a simple way to know which direction a currency is headed.
I know it’s hard but what are some of the obvious indicators. In stocks when there is some scandal or a defective product it’s guaranteed that the price will go down, is there obvious indicators for forex?
There are many indicators that can give you some idea in which direction the currency price will move, but there is absolutely no way to guarantee that the price will move in expected direction.
Some of the obvious indicators in forex would be for example some political and economic situation on a larger scale that could lead to the change of currency price. This is known in forex as fundamental analysis.
There is a free e-book you can download that can explain you more about how this works. You can find e-book on this website:
http://www.forex-trading-secrets.net/
Hope this helps!
Best regards,
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