#TradingPairs101 The fundamentals of trading are the basic principles that every trader must understand to operate effectively in financial markets. Here I explain the key concepts:
1. Financial Markets
Stocks: Ownership in a company.
Forex (Currencies): Buying and selling currencies (e.g. EUR/USD).
Cryptocurrencies: Digital assets like Bitcoin and Ethereum.
2. Market Analysis
Technical Analysis: Use of charts, indicators (RSI, MACD, moving averages) and patterns to predict movements.
Fundamental Analysis: Study of economic data (GDP, employment), company reports, and news.
Sentiment Analysis: Measures market mood (e.g. fear or greed).
Basic Rules
Never trade with borrowed money.
Keep a trading journal to learn from mistakes.
Adapt to market conditions.
Trading is not "get rich quick"; it requires time, practice, and emotional management. Would you like to delve deeper into any specific area?