Forex for Dummies offers a new, simple and easy way to trade currencies online with certified brokers. Forex has been known as the most liquid financial market in the world, allowing investors to move huge sums of money around the globe in seconds. The Forex market is also one of the most profitable markets, where traders can potentially set up a risk-free account with a 150% profit margin. However, trading on such high-risk platforms can be intimidating for new traders who are not familiar
Trading currencies online is an opportunity that attracts a lot of people, because traders can make money 24/7. There is no need to go to the stock exchange, traders can work from home and buy or sell currencies without even leaving their bed. But trading currencies online is not as easy as it seems in the beginning. There are some basics that should be learned before trading currencies online with real money.
Why forex for dummies is so popular?
The forex market is the largest financial market in the world and the potential to make money is huge. People are attracted by the fact that they can earn money 24 hours a day, 5 days per week. And they can do it from anywhere in the world while sitting at home or traveling on vacation. Forex trading has become very popular these days and it opens up new possibilities for many people who want to start their own small business or just want to diversify their investments.
The following explains in detail how Forex for Dummies works:
1. The first thing you need to do is to open an account with us. You can do this easily by visiting our website, filling in the relevant information and clicking ‘Submit.’ Your application will be reviewed within two business days, after which you will receive an email notification letting you know whether your application has been approved or denied. If it is accepted, then you will be able to transfer the funds into your account through any of the payment options available with us.
2. After transferring funds into your account, it is time to choose a currency pair that suits your budget and risk appetite. You can look at different pairs and decide based on historical data provided by us on our website.
Weighted Exponential Moving Average
The weighted exponential moving average (WEMA or EWMA) is a time series analysis tool that seeks to reduce the amount of lag in an indicator by applying more weight to recent values.
As an exponential moving average, its calculation depends on a smoothing constant (α), which determines the degree to which past observations are given less weight than more recent observations. It also uses a weighting factor that exponentially decreases from 1 to 0 as the observation gets older.