Benstride.com is an information station for traders, focusing on providing traders with high-quality forex training, market analysis, in-depth insight, and live market updates 24/7. We focus on forex trading, commodities, indices, and cryptocurrencies. We also provide real-time trading signals on instruments in these asset classes. Faq for forex is here to solve the frequent forex or benstride questions. Therefore you use my suggestion form to request me to add any questions you think I have not covered after going through all the answered questions.
Forex, also known as foreign exchange, FX or currency trading, is a decentralized global market where all the world’s currencies trade. The forex market is the largest, most liquid market in the world with an average daily trading volume exceeding $5 trillion. The foreign exchange market is a global decentralized or over-the-counter market for the trading of currencies.
Benstride team of professional traders and analysts combine their market expertise to bring you the following benefits:
Live market updates covering the global trading sessions around the clock.
Top free- and premium forex, commodity, stock index, and cryptocurrency trading signals. Numerous forex trading strategies.
A powerful Learn Center with a variety of trading concepts and info covering different financial instruments, trading platforms, investment options, forex brokers, forex trading tips, etc.
The Benstride Beginners forex trading course.
Yes, it is. You can start trading forex with as little as $100. The availability of leverage enables small traders to open a micro lot (1000 of a currency pair) forex trades with less than $15. This depends on the amount of leverage your broker offers, of course.
Traders who first want to acquaint themselves with the FX market before risking their capital, can open a free demo account with one of our recommended forex brokers and practice FX trading with virtual money.
The sky’s the limit! These markets offer highly liquid instruments that trade in large volumes. This makes it possible for traders to execute massive trade positions with little or no slippage. This is an amazing benefit which allows the average retail trader to build a highly scalable online business that will probably never run out of buyers and sellers.
Of course, to make money in the forex, commodity, and other markets requires determination and proper trading education if you’re going to do all the trading yourself (copy trading and following Benstride trading signals is much less intensive). If you’re looking for top-class trading education, a good place to start is Benstride Learn Center.
One of the most powerful ways to mitigate the risks associated with forex trading is to equip yourself with concrete forex trading education. If that’s what you have in mind, you’re at exactly the right place. Benstride Learn Center is packed with valuable information regarding forex trading and investing. This includes our Beginners’ forex trading course, Advanced Forex Course, forex trading tips, forex trading strategies, forex risk management, and much more.
Another powerful way to sidestep many of the risks posed by forex trading is to use a free tool offered by Benstride position size calculator and also to follow and copy my telegram channel forex signals. By applying Benstride forex trading signals or by copying popular investors (copied traders) on social trading platforms like eToro, taking advantage of hardened traders’ expertise offers many advantages.
Simply put, using leverage with forex trading means that a large trade position can be controlled with a small amount of money. For example, with some forex brokers who offer 1:500 leverage, you can buy or sell 1000 units of the USD/JPY currency pair with a ‘deposit’ of $2. The notional trade size of a 1K USD/JPY position is 1000 dollars. This means that with 1:500 leverage, you only need $2 to open a position worth $1000. The remaining $998 is borrowed from the forex broker. Of course, a trader will need more than $2 to maintain this position once it is opened. Using leverage to trade forex has the potential to magnify both gains and losses. The use of excessive leverage is a major reason why beginning traders lose money in the FX market.
Some traders like to short (sell) stocks when instability weighs on capital markets. Although this sounds like a good idea, it carries much more risk than buying (going long) stocks. This is because the maximum payoff on a short stock trade is 100%, which occurs when its price falls to zero. On the other hand, the potential loss on a short stock trade is theoretically infinite.
Contrary to this, whether a trader goes long (buys) or shorts (sells) a currency pair, the maximum loss on both sides is 100% while the maximum gain is theoretically unlimited. Thus, whether you’re buying or selling a currency pair, you don’t face the risk-to-reward ‘imbalance’ associated with shorting stocks. This makes forex trading more flexible and less risky than trading stocks in times when stock markets are at risk. Another advantage of trading in the forex market is the immense liquidity it offers, especially with the major currency pairs.
We use both technical and fundamental strategies when trading forex pairs. The EUR/USD is the main major pair and it reacts well to fundamental and technical events. So, we combine a number of technical and fundamental indicators from an arsenal of strategies in order to provide the best forex signals for this pair.
Nothing is 100% sure in forex, that’s why it’s a tough business. But profits are there to be made if you know how to analyze the markets.
When looking at the longer time frames, like the daily and weekly charts, the U.S. Dollar is trending lower against most of its counterparts. Consequently, the U.S. Dollar Index is in an established downtrend.
As long as this index remains below certain important moving averages (e.g. the 200-day moving average), there is no reason to fight the prevailing downtrend. An important support level has also been broken on the U.S. Dollar Index late in 2017 and this same level could act as resistance in the near future.
The most probable market direction for the dollar is lower and hence we remain bearish going into 2018.
Yes. With Benstride premium signals account or after purchasing my Vincent Premium Course you will get instant sound, mobile, WhatsApp, Telegram, and email notifications to ensure that you never miss a trade again.