NEW YORK (Forex News Now) – Pro forex is generally understood to mean currency market trading through the application of certain strategies. Pro forex is also viewed as a state of mind.
A forex demo account is useful in learning how to do pro forex, since this enables budding FX traders to familiarize themselves with the ups and downs of online FX trading, thus becoming pros at forex.
One key strategy in pro forex is technical analysis trading, through which FX traders seeking to succeed in pro forex use indicators such as moving averages and volatility.
Of course, FX traders can also engage in pro forex by using fundamental analysis, which entails watching realtime forex news closely for developments likely to impact the currency pairs targeted in the pro forex strategy.