Every newbie in the world exchange market chooses his own comfortable type of trading. If you are a beginning trader, you also have to make this difficult choice. Trading types are distinguished by the length of opened orders and can be divided into: long-term trading, medium-term trading, and short-term trading.
Trading in the world markets is developing and constantly progressing. There are new ways for the optimization of the trading process in the Forex market. Traders use both a classic and an innovative trading strategies in Forex. Everything depends, first of all, on the experience and the skill-set of a trader.
In this article, we will talk about the separate type of trading in the world market, or more specifically, about the intraday trading. Already from the name, it is understandable, that the deals, which have been opened in the process of such trading, are short-term ones. They last in average from a couple of seconds to several hours. That’s why, they are opened and closed within only one day.
The Forex market is characterized by high volatility. It means the prices for currency pairs change very dramatically. The main reason is that the Forex market is very difficult to predict. It is not easy to make an accurate prediction if you are just a beginning trader. In this case, experts will develop signals for Forex instead of you.
A lot is one of the basic concepts for those who want to trade in Forex. To properly evaluate the financial results of trade, it is necessary not only to have an idea about a lot, but to understand how it is calculated. So, let's consider its concept, its value, and how it is calculated.
Forex is meant to make large currency transactions. Dealing centers provide an ability to trade in the foreign exchange market for small players. They are commercial non-bank institutions providing access to Forex traders who do not have sufficient funds to independently enter the market.