: from various sources
- Forex is the abbreviation of Foreign Exchange, or more details, forex is the exchange value of different currencies,actual forex often done by all the world, when you travel abroad you sure you exchange currency in the currency of your country heading. Or another example as a result of the import-export activities, the needs of markets and institutional banking, make sure the exchange of currency!
When we take advantage of trading with the exchange difference between the buying price and selling price fluctuation of each minute, usually called the trader who like to trade forex through trading house / brokers! Can internet online, using the phone, or by manually.
- The difference between traditional and market forex market forex modern / online
Forex market for a traditional level of money that is used is 1:1, or the means to deal worth $ 100 you need the money $ 100, or the means to do the traditional market can be a large capital needs, general trading is done offline, traditional market in the FOREX market. While the modern market transactions in the level and margin, transactions using online media.
- What are the advantages of Forex (forex) Online Investment other than:
- 2 Forex has a way opportunities, meaning you can produce 2-way benefit, when the market is rising or when the market down. This does not apply to other types of investment (1 opportunity way), for example shares.
- Forex Trading Opportunities for 24 hours a day 5 days a week
- Liquidity is very high, meaning you can make sale and purchase
- transaction forex instantly at any time without having to wait if there are buyers or sellers.
- The function Leverage (power bob up and down / multiplier factor), that means capital is relatively small you can generate profits that are far greater. Example: without leverage you will only get $ 0.01/point capital with $ 100. But with 1:100 leverage you can generate $ 1/point capital with the same ($ 100).
- There are many brokers forex (foreign exchange) that provides online commission-free facilities, the minimum capital is relatively small, transaction costs (spread) small, interest-free (without usury, halal for Muslims), automated trading facilities (robots)
Level here in the FOREX market as a modern example is 1:100, or the means to
trade capital of $ 100 should be used only 1:100 its course, or just $ 1,
$ 1 that is also referred to the margin (or also called for the purchase of quantity deposit $ 100).
Term insurance transactions in forex, you can use $ 1 to buy $ 100, because the broker is the amount of money spent that $ 100 is for you, so you only need to pay (deposit accounts) to bear the losses and profits from the transaction is $ 100, $ 1 So as insurance $ 100, and the rest of the other accounts as surety losses and profits from the transaction.
By the system because this is the modern forex trading more attractive than the traditional.
But keep in mind you should be careful, because the level of leverage, or can be a fruit or simalakama bia can make miserable.
Examples are:
When you play with $ 1 = $ 100, it means the same as the $ 1 is 0.1 lot, when you have money that $ 10 you play, every increase of 20pips means you will get $ 20 extra, but you also do not forget every 20pips decline means that you have experienced loss minus $ 20 , well because the previous $ 10 investment for you, it means that brokers will make the margin call because you do not bring the money! like you used up the money because the capital has been exhausted because of the decline is only just now!
- Currency that most people are interested in the deal
most people learn currency trading the major (G7 countries and developed countries), the reason for itself because the currency is relatively stable and the road is not too sharp, and the country's currency will affect the movement of the world economy
EUR / USD: Euro / US Dollar called the euro
USD / JPY: U.S. Dollar / Japanese Yen called Dollar Yen;
GBP / USD: British Pound / U.S. Dollar called Cable;
USD / CHF: U.S. Dollar / Swiss Franc called Dollar Swiss, or Swissy;
USD / CAD: U.S. Dollar / Canadian Dollar denganDollar called Canada, or C-Dollar;
AUD / USD: Australian Dollar / U.S. Dollar Aussie Dollar called;
EUR / GBP: Euro / British Pound Sterling Euro called;
EUR / JPY: Euro / Japanese Yen called Euro Yen;
EUR / CHF: Euro / Swiss Franc Euro Swiss called;
GBP / CHF: British Pound / Swiss Francdisebut with Sterling Swiss;
GBP / JPY: British Pound / Japanese Yen Yen called Sterling;
CHF / JPY: Swiss Franc / Japanese Yen Yen called the Swiss;
NZD / USD: New Zealand Dollar / U.S. Dollar is called the New Zealand Dollar or Kiwi;
- BID / OFFER term price
Try to note the example of currency Eur / USD below: 1.1810/1.1813, 1.1810 is the price bid and offer price is 1.1813. Bid means the price which the broker is (large traders) would like to buy our currency. Offer means the price which the broker is (large traders) would sell the currency to us. So when you install a buy position, the execution of buy orders at the offer price is used. While the sell position when installed, the execution of sell orders at the bid price is used
How to get profits in trading.
- How it is to analyze the currency pair which will ascend or descend, and
taking the difference of its trade.
If you believe the currency will be strong (up) position soon do buy,
and then wait for the price rise, do closed (sell) when the currency exceeds the price before you buy.
If you believe the currency will fall off (down) position do sell, wait for the price
down, do closed (buy) when the currency under the price you say
As an example here is: Euro of 1.1750 / 1.1753, you analyze that the euro
position will increase to 1.1770/1.1767, then the open position when the buy price (the
you buy at the 1.1753), and when the position was changed to 1.1770/1.1773, do
closed position / sell the currency (in the position of 1.1770)
Note the example above, the offer price and bid price, also note the difference between buy and sell prices, and when you use the offer price and at the price bid
- How to calculate the profit that we can.
eg level of forex platform that we akai is 1:100, then calculate how profitnya is:
X = profit margin (difference between buy-sell price / 100)
for example the price difference between buying and selling your current transaction is 70 pips, and the margin used (deposit) is $ 10 (to buy $ 1000) then
Profit = $ 10 x (70 / 100) = $ 7
which is called the market price, stop orders and limit price?
When you open a position, certainly you will see option for buying / selling
the limit price or market price. Market Price is to buy / sell with the price at that time
that is in the market. Stop order is a buy / sell when the market according to the direction you want, like for example price USD / JPY at 108.72 and that you feel will move higher, you put a stop dapet order to buy at 108.82,
when the price was not up to 108.82 to the order you will not pitch execution.
Meanwhile, Price Limit is that you own when you want to buy / sell on the
the price level, or with another level when you're not left out
then the price will not pitch in the execution and can cancel at any time
What is the stop loss and take profit?
Stop loss limits are the lowest price or losses that you can profit Take responsibility
is the highest price restrictions or benefits that you can order if you want to hit one of the limitations of the positions will be closed automatically.
To learn more, please search on google for free tutor with keyword "forex tutorial", and there are so many markets where online trading forex, or where you play forex participate.
But if you want to learn forex is in between your busy day, I recommend that you read books bout forex guide, among the books below:
This book discusses the simple steps in more detail about the forex, refrensi is suitable for you in learning more about forex.
Editorial Reviews
"It offers practical guidance and savvy tips.." (Hedge Fund Manager, Thursday 23rd August)
"…gives readers a step by step guide (to) getting acquainted with the forex market and to making those killer transactions." (Professional Pensions, Thursday 30th August 2007)
Product Description
Features forex market guidelines and sample trading plans
The fun and easy way to get started in currency trading
Want to capitalize on the growing forex market? This nuts-and-bolts guide gives you a step-by-step action plan for understanding and trading the forex market. It offers practical guidance and savvy tips in everything from comprehending currency quotes to using leverage, trading with fundamentals, and navigating technical analysis.
* Identify trading opportunities
* Understand what drives the market
* Choose a trading broker
* Execute a successful trade
* Minimize risk and maximize profit
* Analyze currency charts
Try reading review some who have been successful because of the practice and guide this book:
Best Beginner Book on FX Trading Currently on the Market,
February 3, 2008
By: justsomeguyinla "justsomeguyinla" (El Monte, CA United States) Overall, I thought this book gives a great overview on how and when the Interbank FX market operates, a basic overview of technical analysis, and some useful tips on practical matters of trading like how to choose a broker/platform and what to consider when setting up a trade. Having traded the Forex market for over 2 years now and having read a number of books specific to Forex trading, I think this book is the best book geared toward novice traders currently available.
However, I felt this book could have done better in a few areas: it walks you through considerations to construct a trading plan but doesn't provide a detailed example of one (preferably the authors'). This book actually walks through a trade set up (shorting the USD/JPY) and details the things to consider, but it was picked seemingly at random (based on a double doji) and not from some back tested trading methodology. Also not covered in the book are tools to effectively back test strategies and what a sample trading journal should look like.
But like I said at the beginning, this book is a lot better than most of the other FX trading books you find on retail book stores/sites--books that are filled with marketing fluff and little practical guidelines to actual trading. Currency Trading for Dummies actually has a lot of substance and value for the novice trader.
Best Forex Trading Book Period!!!!!!!,
January 31, 2008
By: H. Pennix "H.Pennix" (Daytrade,USA baby!!!)
I thought this book would be typical nuts and bolts book.I was soooo wrong.
This book is a book of strategy,fundamentals,mental game and a lot more. If you are just starting or a veteran purchase this book... It gives you those jewels that you hear and wonder," where that come from?". The indicator section is the best. So many traders are always trying out the new indicator. Truth be told they all are the same. Your overall package as a trader is what makes you profitable, not 50 moving averages crossing. I hope I helped someone to make a proper choice in a great overall book on Forex. Forex is the best market out here period, but the books and information available are lacking real substance. Do not let the title fool you. This book is written by owners of Forex brokerages. They hold nothing back. This book is for dummies and pros a like.
Currency Trading Primer
August 31, 2007
By: Harry Moyson "Boekenworm" (Grimbergen, Belgium)
Covers the field of currency trading for a beginner very extensively. Take it together with "Technical Analysis for Dummies", and exercise on a few demo currency trading accounts for about three months. Then you can start trading on a real account like a real pro.
Help other customers find.
To see the collection of books about forex, you can click below baner
