What is the Forex Market?
In the Forex market, trading is done in Currency exchange, Bitcoins, etc. The market determines foreign exchange rates for every Currency. It includes all aspects like buying, selling, holding, and exchanging currencies at the current price or determining the price.
Forex Trading is open for 24/5. That means, according to Indian time, the Trading starts from Monday @ 2:30 am to Saturday @ 2:30 am. In between these times, you can trade anytime.
Requirements for Trading in the Forex market
For Trading in the stock market, first of all, you will need a Trading account. There are so many platforms where you can open a Trading account. But one of the best platforms for Trading in the Forex market is OctaFX. The interface and deposit or withdrawal service are also very excellent. You can also simply deposit from your Net banking also. And the best part of this platform is that you can also start trading with a minimum deposit of 20$ also and you can also Withdraw 5$ also to your bank account directly. The deposit process will take a maximum of 1 or 2 minutes only, and Withdraw process will take a maximum of 1-3 days.
The customer support is also fast in OctaFX trading platform. You can trade from PC, Tablet, Laptops and even Mobile also. Basically, I trade from mobile-only because we can trade anywhere from mobile. You can access directly through the OctaFX website, and also you can trade from the OctaFX application.
How to trade in Forex Market -
At starting, select a currency pair like EURUSD, GBPUSD, NZDUSD, etc. There are so many Currency pairs are available at their different prices. After selecting the currency pair, you need to buy and sell in that particular currencies. If you think the Currency pair you selected will go up, then you have to simply buy that, and after going up, you can sell it. And if you think the Currency pair you selected will go down, then firstly you need to sell it and going down you need to buy it and book a profit. Minimum, you can buy or sell a 0.01 lot also.
After buying or selling you can also put a Target and Stoploss also. If once you put a Target and Stoploss, you don't need to watch the market also. It will be automatically closed. There are so many strategies, and signals are available for Trading. You can simply learn all those strategies from YouTube and apply them to Trading. There are so many strategies like Candlestick strategy, Trend strategy, Pin bar strategy, etc.
OctaFX Copytrading -
OctaFX Copytrading is a platform, where you can copy Trades of other Master Traders. If you don't know how to trade in the Forex market, you can simply copy a trades from. OctaFX Copytrading. Here in this platform, there are so many Master Traders; from that, you have to select a Master By seeing their past performance. If you select a Master and you need to apply for copying. And after that, you don't need to do anything. You don't need to watch the market also. If will automatically get copied. For example, if your Master is making 100$ profit that day. Then in your account also you will get a 100$ profit. For this copying, the master trader will charge some small commissions from your profit only.