Currencies fluctuate continually and this type of trading can be exciting and profitable. This profession is filled with lots of terminology; you will want to do your research if you are considering becoming a currency broker or working with one. Before you start, it's a good idea to understand the basics of trading. Next, you might want to work with a currency broker and like many things, it would behoove you to compare pricing. If you think you are ready to do this yourself, look for commission-free trading websites. You can find lots of currency brokers online and there are many websites that can help you understand this complex profession.
Trend strategy, directional tradingA trend strategy or directional trading is a trading strategy used by currency brokers to analyze in what direction an asset is moving on the stock market and includes short positions (successively lower) and long positions (successively higher). Once either one of these positions is decided upon, it also assumes the trend will continue.
Candlesticks"Candlesticks" is a price chart that displays the open, close, high and low for an investment instrument or security over a period of time. Currency brokers use these charts as part of their analysis.
Stop orderA stop order is an order to buy or sell a security at a predetermined entry or exit price. A stop order prevents an investor from losing their profit. A currency broker can advise you on when a stop order makes the most sense for your trades.