Technical Analysis: Candlestick Chart Online Trading, how to trade cur...

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Risk Warning: Your invested capital may be at risk.
This video is not an investment advice.

Indicators:
EMA 3 (blue)
EMA 20 (yellow)
EMA 50 (orange)
EMA 100 (red)
EMA 200 (purple)

Bollinger Band Period 20 Deviation 2 (green)
Bollinger Band Period 20 Deviation 1 (white)

The currency exchange rate is the rate at which one currency can be exchanged for another. It is always quoted in pairs like the EUR/USD (the Euro and the US Dollar). If the exchange rate rises, you will sell the Euros back, making a profit. Please keep in mind that forex trading involves a high risk of loss. Forex trading may make you rich if you are a hedge fund with deep pockets or an unusually skilled currency trader. But for the average retail trader, rather than being an easy road to riches, forex trading can be a rocky highway to enormous losses and potential penury.

Forex trading is a way to force your money to make more money for you. It can hardly be used as the only source of income. Therefore, the answer of this question that “Is It Worth to Become a Forex Trader?” is yes because when you become a profitable Forex trader, you can trade currencies and make profit. A good thing about entering the Forex market is that you need large amounts of money to begin. It is possible to start trading Forex online for as little as $1. Many brokers often have a minimum amount required to open an account, and this can range from $100 to $10,000.

Currency trading is not an easy way of making money and making a living. It is the same with the stock trading and all the other kinds of tradings and investments. To make money consistently through Forex trading and maybe to become a millionaire finally, you have to pass some important stages. If you risk $1000, then you can make an average of $20,000 per year. If you risk $3000, then you can make an average of $60,000 per year. If you risk $5000, then you can make an average of $100,000 per year. This is the same strategy, same account size, and same trader.

Compensation varies depending on your experience and the firm. Commodity and currency traders median wages, according to the U.S. Bureau of Labor Statistics' 2010 survey, are $60,980 per year with a median yearly salary of $104,000 earned by the top 10 percent.