When To Buy or Sell A Forex Currency Pair | FX109
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- Опубликовано: 6 сен 2021
- #freeforexcourse #forex #daytrading
Today's lesson is on how to make a decision on when to buy or sell a particular currency.
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What is buying and selling in forex?
Buying and selling in forex is speculating on the upward and downward price movements of a currency pair, with the hopes of making a profit. All forex trading involves buying one currency and selling another, which is why it is quoted in pairs. You would buy the pair if you expected the base currency to strengthen against the quote currency, and you would sell if you expected it to do the opposite.
The price of a forex pair is how much one unit of the base currency is worth in the quote currency. For example, if the price of GBP/USD is 1.32000, it means that £1 costs $1.32.
Can I sell forex without buying?
Yes, you can sell forex without buying - this is known as short-selling, or going short. Short-selling a currency means that you believe that its price will fall, so you ‘sell’. The more the price falls, the more profit you will make.
For example, assume GBP/USD is trading at 1.3200, with a buy price of 1.3201 and a sell price of 1.3199. You think that the currency price will fall, so you short-sell the pair at 1.3199. If USD strengthens against GBP - meaning fewer US dollars are needed to buy a single pound - of the price of GBP/USD will fall, and you’ll make a profit.
How to buy and sell currency pairs
Follow these steps to buy and sell currency pairs:
Decide how you’d like to trade forex: there are two main ways to get involved: spot forex or trading forex via a broker
Learn how the forex market works: forex is bought and sold via a network of banks. This is called an over-the-counter (OTC) market
We’re one of the few UK providers to offer weekend trading on certain forex pairs. These include Weekend GBP/USD, Weekend EUR/USD and Weekend JPY/USD - meaning you don’t need to wait for the weekday markets to open to trade.
When to buy and sell forex
Knowing when to buy and sell forex depends on many factors, such as market opening times and your FX trading strategy. Many traders agree that the best time to buy and sell currency is generally when the market is most active - when liquidity and volatility are high.
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I love your teaching. But in a case of trading the fundamentals, how do I know when the news is positive or negative? Also when is the best time to enter the trade immediately the news start or what?
God bless you sir, you make this easier than everyone
The highlight of this class for me is this: I finally knew why XAUUSD became a buy decision during the last NFP news. This stuff is getting clearer through your explanation. Thank you Mentor
I am glad it was helpful
Coach the training can't be reveal for free, and you do this for free, This is amazing of you, Keep it up, Much love, You're giving us premium training for free.
Your student from Nigeria
buying and selling made simpler....... Let God continue to bless you
God will bless this man he is very honest and is giving it for free ,God bless you sir keep the good work
This makes my buying/selling decisions very clear. Thank you.
I'm a beginner yet to start, I wandering till I met this channel through a good friend.thank you for blowing up my understanding.
Welcome aboard!
Trading is not just about buying and selling I have been messing myself up thank you sir the knowledge here is x1000
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You were late for class today 😂
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Had to make time to watch it today, couldn't make it yesterday. Thanks a lot Mr. Godlove, I lost money in the market yesterday because I didn't have knowledge of some of the things you explained in this video. God bless you.
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Hope you enjoyed it!
Me self😁
God bless you bro, you just made things easier and clearer for me. However, I'm still having some issues identifying where, when and what time to get the news for each currency pairs. Kindly throw more light on this please.
Sir you really really teach all this for free,Am very very glad about it, thank so much sir for helping us,May the Almighty God bless you and your family
This makes things very clear to me now. Thanks alot greetings from Cameroon 🇨🇲
The best is yet to come on this channel" More wins, we are blessed to have you two Mr and Mrs Ndemazeah! And i am looking forward to have more experience in Chart analysis. More grace bro
You're big blessing. I just started following you recently. I must say that you're videos are very educating. My question is about demand and supply. How do you know when demand and supply is either high or low?
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MUCH LOVE FROM JHB SOUTH AFRICA
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sir in one of your videos u clearly explain everything about demand and supply which was well understood . what now happens when demand equals supply? will the market be consolidating ?
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Boss what's NFP?? Again can you drop us a videos on how to trade the news please.. thanks for your previous video they're unique among the videos I have seen youtube.
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"The best is yet to come"
God bless you sir
From what I gathered from this video when it comes to making decisions based on fundamentals.
If there positives news in regards to the BASE currenc pair, the decision should be a Buy option and if thers positive news in regards to the QUOTE currency pair, the pit decision should be sell. Right?
Thank you brother better today
Thanks for listening
How does the monetary policy (currency intervention) affect the market or the chart
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Thk u Sir
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Welcome
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Thank you too
Please sir what if the quote and base currency is positive what will one do
Mr ndemazeah godlove❤️💯
Hello.godlove, what do you mean when you say a currency is positive
How do i know a currency is positive
What a wow
How can I trade if the news came out the Boj increase interest rate of jpy
Another great content 👌🏾
Appreciate that
Thank you so much sir
Most welcome
May God bless you
What if the two news are coming out on the same time, and both news are positive or negative, what should be my decision ? Stay out of the market ?
Great
Please what news platform are you making use of my mentor
Iam watching,great stuff
Thanks for watching
Please Godlove , how do I make my question ( s ) reach you directly during your lectures session
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Getting my way up to a successful day trader❤
Thank you for your video on decision to buy or sell lesson, my question is this are fundamental news affecting the currency pairs for whole month or just for that day only?
It depends on the strength of the news
Thanks!
Very good
Thanks
Boss of bosses
Long live bro❤❤