4 TYPES OF STOP LOSSES

Come forward to face it. As the market will always do what it wants to do, and move the way it wants to move. In each new second coming is a new challenge, and almost anything from global politics, major economic events, to central bank rumors can turn currency prices one way or another faster than you can snap your fingers.

WHAT IS FOREX?

Whenever you travel abroad, you may usually see a currency exchange booth at the airport, and then you need to exchange the money you have in your wallet (if you’re a dude) or buy (if you’re a lady) or man buy (if you’re a metrosexual) into the currency of the country which do you are visiting in.

You need to go up to the counter and notice a screen displaying different exchange rates for different currencies of the different countries. You may find “Indonesian rupiah.” and think to yourself, “WOW! My one dollar’s worth is12925 rupiah?! And I have ten dollars! I’m going to be a rich!!!” (This excitement is quickly killed when you stop by a shop in the airport afterwards to buy a banana to have a small breakfast, suddenly, you may find that half of your money is gone.)

By doing this, you participate in THE FOREX market! You’ve exchanged one currency for another. Or in FOREX trading terms, presuming you’re an American visiting Indonesia, you need to sell dollars and buy rupiah.