Market overview
Fxnova is your source of unbiased information for confident trading. Forecasts, news and key data help you stay ahead of the curve and make informed decisions.
Why analytics is your main tool
A competent trader always uses analytics to maximize profits and manage risk. It is not just trend watching — it is deep data analysis that allows you to:
- A competent trader always uses analytics to maximize profits and manage risk. It is not just trend watching — it is deep data analysis that allows you to:
- Understand current and future market trends.
- React quickly to important economic and political events.
- Anticipate market movements based on historical dynamics.
- Evaluate investment prospects over the short and long term.
Whether you're a novice or experienced investor, analytics can help you adapt your trading strategy and minimize risks.
Important event
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Frequently asked questions
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What is Forex and how to trade it?
Forex is a global foreign exchange market. Forex trading involves buying one currency and selling another to profit from the difference in exchange rates. The main instruments are currency pairs such as EUR/USD, GBP/JPY and others.
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What are the risks involved in Forex trading?
The Forex market is very volatile and prices can change instantly. The main risks include currency fluctuations, economic events and the use of leverage, which can increase both profits and losses.
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How do I choose currency pairs to trade?
Novice traders are advised to start with the major currency pairs (e.g. EUR/USD or GBP/USD) as they are less volatile and have more predictable dynamics. The choice of currency pair also depends on your strategy and current market conditions.
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What is leverage and how does it work?
Leverage is borrowed funds provided by a broker that allow you to open positions that exceed your deposit. For example, with 1:100 leverage, you can manage $10,000 with only $100 in your account. This increases your profit potential, but it also increases your risks.
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How to start trading on Forex with minimal risks?
To minimize your risks, start with small positions, use protective orders (such as stop losses), study the market and follow the news. Determine your strategy and stick to it.
