About trading method

The foreign exchange (FX) market is made up of buying one currency and trading with another. The purpose for many traders is to buy and sell currencies as simultaneously as possible, and to predict future currency directions and make a profit.

In contrast to other financial markets, the Forex market has no physical location, like the central stock exchange. Instead, it trades 24 hours a day through a global network of companies, banks and individuals. This means that currency prices are constantly fluctuating in value with each other. That leads to various opportunities for traders.

The basic procedure for Forex trading is as follows.

1. Select a currency pair.

The Forex market contains over 65 currency pairs. Choosing the right product for you is the most important step in trading.

2. Determine the type of Forex trading.

Liberty FXoffers customers with an account several ways to trade Forex.

Decide whether to sell or buy.

For Forex, the rate is displayed by the relationship between the two currencies. Place a "buy" order if it is expected to be higher than the current rate in the future, and a "sell" order if it is expected to be lower than the current rate in the future.

4. Add an order.

An "order" is an instruction to trade at some point. Trading points can be pre-determined by the customer based on certain levels related to future prices. You can also use stop and limit orders to secure profits and minimize the risk associated with each transaction.

5. Watch over the whereabouts of the transaction.

The profit and loss of a transaction fluctuates as the market price changes. Liberty FX can be accessed from mobile, PC, web trader, etc. You can see profits and losses in real time while checking the market price, and you can add orders to open positions, add new transactions, settle existing transactions, all at your fingertips.

6. Close the transaction.

When you're ready to close the deal, all you have to do is reverse the ongoing deal. When you close the trade, the position you held will be closed and the profit and loss will be reflected in your account balance.