FX Junction - Social Network For Traders

If you are in the fx trading, you can get fabulous return on your return if you become member of fx Junction. It is an online and social network. You will be enabled to create a profile, communicate easily, follow other members having different levels of experience, and share market commentary and trading strategies.  You can link your Forex accounts from any broker that utilize the platforms of Metatrader 4 and Metatrader 5. Whether you are a beginner or experienced, you can interact with thousand of traders in the social network.

FX Junction is not a broker or an asset manager. So, you can have full control over your trades. In case you are a successful trader, you can share your performance through the social network for traders and can earn additional revenue. You can make your own fee model, preferred forex trading strategies and the markets you trade. Then you can attract thousands of investors by exhibiting your success. Social trading implies investment decision based on social indicators such as the information from other traders. When you make a trade in your own account, the information is automatically shared with the social network.

Since you have access to the real time traders and performance, the good and bad performance of the traders become transparent to you. You should adopt appropriate forex trading strategies that will help you to sell or buy a currency pair at a given point of time. You can take help of chart analysis, technical analysis or forex market news available on the Internet or developed by other traders. Your currency trading strategy is made up of trading signals and prompts you either to sell or buy. You can either adopt manual or automated methods to generate trading signals. For the first method, you need to find the trading signals and interpret whether to buy or sell. The second method involves developing an algorithm to find trading signals.

Before going in for Foreign Exchange (Forex) trading, you must know how totrade forex. First of all you should know what you can trade within your forex account. You can trade in two main ways. The first way is to buy and sell the currency pairs in the same way as stock trading. Here, you need to go long one currency and short another. Secondly, you can purchase derivatives which track the movements of a specific currency pair. You hope that the value of the pair increases. If you go long a currency pair, USD/CAD, you can make money if the value of this pair goes. The value of pair rises when the US dollar increases.