The reasons for people wanting to speculate will vary from person to person, but could come down to an individual wanting to create a secondary income, or perhaps they would like take it further and make FX trading their primary income. However there are many markets which an individual can speculate on – so why would they choose Forex over other markets, such as stocks or bonds?
What can you Trade?
With ThinkForex you will gain access to 80 tradeable instruments covering Forex, Indicies and Commodities. With so many markets available you are likely to be able to find an opportunity to trade.
Methods to Trade
The two popular methods to trade are either manual or automated trading. Manual trading is the traditional approach, where a trader analyses the markets, enters, manages and exits a trade by their own observation. Automated trading is when trading is executed by either asignal provider or an algorithm on behalf of the trader.
Methods to Analyse
Whilst you are likely to just want to get on and begin your trading unfortunately it is not that straight forward. Before you take that path you will need to analyse markets in order to decide what (and how) you wish to trade a particular market.
Here we will discuss the trading styles you are likely to come across. What typically separates the trading styles is the length of time you intend to be in a trade, the timing of your entry and in some cases, the frequency of the trades.