Empire Trading Academy

What Is Forex?

Forex trading, also known as foreign exchange or FX trading, is the conversion of one currency into another. FX is one of the most actively traded markets in the world, with individuals, companies and banks carrying out around $6.6 trillion worth of forex transactions every single day.

Foreign exchange

Forex (FX) is a portmanteau of the words foreign [currency] and exchange. Foreign exchange is the process of changing one currency into another for various reasons, usually for commerce, trading, or tourism.

Forex Education

Forex trading is the process of speculating on currency prices to potentially make a profit. Currencies are traded in pairs, so by exchanging one currency for another, a trader is speculating on whether one currency will rise or fall in value against the other.

Trading Forex for beginners summarized

1-Learning the basics (currency pairs)
2-Learn the software (MT4, MT5)
3-Learn with demo accounts.
4-Find a reliable service provider.
5-Use the service provider's resources such as tools and guides.
6-Read books on trading and watch videos online.
7-Learn various trading strategies and test them.

How To Use MT4?

MetaTrader 4 (MT4) is a trading platform developed by MetaQuotes in 2005. Although it’s most commonly associated with forex trading, MetaTrader 4 can be used to trade a range of markets including forex, indices and commodities, via CFDs. MT4 is popular for two reasons. The first is that it’s highly customisable to your individual trading needs and preferences. The second is that it can automate your trading by implementing algorithms that open and close positions according to pre-set parameters.

Below is a step-by-step guide on how to access and use MT4 with us.

1-Create an account and download MT4.
2-Open a position using the order window.
3-Monitor and close your positions and pending orders.
4-Modify stops and limits on open positions.
5-Customise MT4 charts.
6-Set up a price alert.
7-View your trade history.
8-Download trade reports.

"Get know about" forex Market

With over a decade of experience in the forex markets, Empire Trading Academy has established itself as a trusted source for comprehensive forex education.

Our team of seasoned traders and industry experts brings a wealth of knowledge to the table, ensuring that our students receive top-tier instruction.