Stock trading or Equity trading is a commercial activity in which shares or stocks of profit-making companies are bought or sold with the speculation of increase or decrease in values of the shares. Foreign Exchange (Forex) trading is almost similar to Stock trading. However, the traders speculate an increase or decrease in the exchange rate of a particular pair of currency. For this, appropriate forex trading strategies need to be adopted. Trading Strategy is a set of rules that defines the condition to facilitate trade entry or exit. It includes rules for trade entries, time frames, money management, and time frame. It is based on quantifiable specifications that can be ****yzed on the basis of historical data for projecting a future performance.
The fx trading strategy is made up of trading signals that prompt the trader to buy or sell. Therefore, it is essential to know how to trade forex. Besides buying or selling of currency pair, the trader needs to purchase derivatives and track the movement of a specific pair of currency. The derivative products, such as futures and options can be used for making profit from the changes in the value of currencies. By buying an option on currency pair, you can buy at a set rate prior to a set point of time. In this context, FX Junction can be of much help to you. It is an online social network for traders that enable the traders to communicate with other traders, share with them the forex trading strategies, ****yze the trading performance in real time and post and auto copy the trading signals.
By registering with FX Junction, the traders can be mutually connected through a forex trading platform. The social network for traders enables the traders to utilize the collective wisdom for individual benefit. Whether a beginner or seasoned professional, one can join FX Junction, free and can meet thousands of people doing fx trading. Therefore, instead of investing with a single asset manager, you can make portfolio of traders and have control of yourself. You can ****yze the performance of other traders and Auto Copy their signals on your account. If you have come out successful in fx trading you can attract host of investors and make extra revenue by charging a fee.
The social network for traders has the same concept as other social network as FaceBook or mySpace. Traders on the social network can share their market views with other traders. When a trader makes a trade in his account, other traders will automatically share the information. So, at any point of time, you can find the trend of the overall buy or sales from all traders that are linked to the social network for traders.