FxTechion

Your Path to the World of Forex Trading and Investment

Exploring Forex Investment Areas: Beyond Currencies

Here, we examine in greater detail the characteristics of each major, minor, and emerging currency class, focusing on the factors that influence their volatility (such as economic data, political events, and central bank decisions), and provide examples of common currency pairs within each class.

We also review how precious metals (gold and silver) are traded in the forex market as assets linked to currency fluctuations and global economic conditions. We discuss the factors that influence their prices and their role as safe havens during times of economic uncertainty.

In addition, we review how crude oil contracts (such as Brent and WTI) and natural gas are traded in the forex market, and explain the key factors that influence energy prices, such as global supply and demand, geopolitical events, and OPEC decisions.

We explain how trading these different instruments within the forex market can provide opportunities to diversify an investment portfolio and reduce risk, and how these assets can interact with each other in different market conditions.

Forex

How to Start Your Forex Trading Journey? Your First Steps to Trading:

In this section, we explain important criteria to consider when choosing a forex broker, such as licensing and regulation, the broker's reputation and reliability, available trading platforms (such as MetaTrader 4 and MetaTrader 5), account types and trading conditions (commissions, spreads, available leverage), customer service, and deposit and withdrawal options.

We also explain the importance of starting with a demo account, which allows you to trade with virtual money to gain experience and understand the trading platform without risking your real capital. We also explain the steps for opening a live trading account and the required documents.

We also provide an explanation of the most popular forex trading platforms, focusing on how to use basic tools and features such as charts, technical indicators, drawing tools, and order execution (market and pending orders).

Nouraldeen Y. Alafandi

CEO AND Founder

Mohammad Albadan

CO-Founder