A reliable broker will help yield twice the result with half the effort
While the laptop is an imperative thing in forex trading, as I mentioned above; a respectable broker will aid forex traders to get what they want to know, for example forex strategies, analysis etc. because most top brokers as IKON provides reliable forex platform for forex traders. Forex traders are able to open forex demo account to practice with and gain experience without opening their wallet.
Trading right currency pairs and trading in proper time is beneficial
After practicing with forex demo account, traders get skilled in forex trading and then can choose to trade forex for real. But there are many types of currencies at forex traders’ choice. So how to choose the best currency pairs for forex beginners? In general, most traders trade the most liquid seven currency pairs in the world, which are four “majors” and three commodity pairs.
Four majors: EUR/USD (euro/dollar), USD/JPY (dollar/Japanese yen), GBP/USD (British pound/dollar) and USD/CHF (dollar/Swiss franc)
Three commodity pairs: AUD/USD (Australian dollar/dollar), USD/CAD (dollar/Canadian dollar) and NZD/USD (New Zealand dollar/dollar)
Forex traders trade the seven currency pairs because they account for 95% of the total turnover of forex trading and are most active and liquid currency pairs in forex trading.
Then comes to the question of choosing the proper trade time after forex traders make decision on what currency pairs to trade. Generally speaking, the best trading time is up to the currency pair traded, for example, forex traders trade EUR/USD, GBP/USD and USD/CHF currency pairs had better trade between 8:00 am and 12:00 noon EST when markets for those currencies are active.
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