The purpose of Forex Trading
Simply and basically, our goal is to achieve a profit trading or profits. So this is what will be one main goal and our learning process. However, usually without realizing it you will get and turned into a figure who is more desiplin, patient, calculating, and can control themselves well. Since you can not gain profit reply stable without it all.
General Knowledge
Forex Brokers
Brokers are intermediaries who bring together between seller and buyer. And in this case we use is a broker which has allowed us to transact online. By using this online broker trading business will be very easy and simple. Usually the broker has facilitated the application where we can easily order.
When can you trade forex?
Trading can be done 24 hours a day, 5 days a week monday till friday
- Beginning of New Zealand & Australia market hours 5:00 to 14:00 pm,
- Then the Asian markets such as Japan, Hong Kong & Singapore at 7:00 a.m. to 16:00 pm,
- The European markets of Germany and England at 13:00 to 22:00 hrs
- Up to the American market at 20:30 to 10:30 pm.
With the long time interval, you can adjust when trading with your spare time.
Pips and cost-benefit calculation
The movement of units / lowest price in the forex is calculated in units of points / pips. The value of each point will vary according to type of currency pairs (pair) and the type of contract.
Profit / loss = (Selling Price - Purchase Price) x contract size x lot
Example:
Buy 4 standard lot EUR / USD 1.2500 and Sell 4 standard lot EUR / USD 1.2570
Profit = (1.2570 - 1.2500) x 100,000 x 4
Profit = $ 2,800
Note: the majority of applications used for trading (metatrader) there is a facility which automatically calculates profit / loss. So you do not have to do it manually.
Deposit / Withdraw
Deposit is a process where you fill in the balance / balance to be used for trading.
Withdraw is a process where you withdraw the balance / balance to dollars.
Deposit and withdraw it later will you experience when you have been trading with real funds. For the learning process or the beginning we did not memperlukannya, because most brokers have been providing facilities for trading with virtual money (toys), often called the Demo Account.
Learning Forex
Why is it called the process, the point to can be a reliable trader, there is no dictionary or a formula for sure. You should find yourself a secret that is inside yourself. Capital nature or positive is that you must be disciplined and continue to improve the Knowledge / your knowledge.
Some important points which you can use as reference in stages to increase knowledge:
- Technical Analysis: Charts, indicators, time frames
- Fundamental Analysis: Knowing the market, and the effects on the movement of forex pairs
- Psychology of Trading: What factors determine the individual and the psychology of your trading future.
- Money Management: Setting the balance, lots, capital, and risk calculation.
Forex Risks
Forex is like a double-edged sword. With forex can make you rich quick, but the opposite with a flash also can mengikikis exhausted our capital. So forex risk factors eminence. So really understand the risks in for ex and do not let one step.
Simply and basically, our goal is to achieve a profit trading or profits. So this is what will be one main goal and our learning process. However, usually without realizing it you will get and turned into a figure who is more desiplin, patient, calculating, and can control themselves well. Since you can not gain profit reply stable without it all.
General Knowledge
Forex Brokers
Brokers are intermediaries who bring together between seller and buyer. And in this case we use is a broker which has allowed us to transact online. By using this online broker trading business will be very easy and simple. Usually the broker has facilitated the application where we can easily order.
When can you trade forex?
Trading can be done 24 hours a day, 5 days a week monday till friday
- Beginning of New Zealand & Australia market hours 5:00 to 14:00 pm,
- Then the Asian markets such as Japan, Hong Kong & Singapore at 7:00 a.m. to 16:00 pm,
- The European markets of Germany and England at 13:00 to 22:00 hrs
- Up to the American market at 20:30 to 10:30 pm.
With the long time interval, you can adjust when trading with your spare time.
Pips and cost-benefit calculation
The movement of units / lowest price in the forex is calculated in units of points / pips. The value of each point will vary according to type of currency pairs (pair) and the type of contract.
Profit / loss = (Selling Price - Purchase Price) x contract size x lot
Example:
Buy 4 standard lot EUR / USD 1.2500 and Sell 4 standard lot EUR / USD 1.2570
Profit = (1.2570 - 1.2500) x 100,000 x 4
Profit = $ 2,800
Note: the majority of applications used for trading (metatrader) there is a facility which automatically calculates profit / loss. So you do not have to do it manually.
Deposit / Withdraw
Deposit is a process where you fill in the balance / balance to be used for trading.
Withdraw is a process where you withdraw the balance / balance to dollars.
Deposit and withdraw it later will you experience when you have been trading with real funds. For the learning process or the beginning we did not memperlukannya, because most brokers have been providing facilities for trading with virtual money (toys), often called the Demo Account.
Learning Forex
Why is it called the process, the point to can be a reliable trader, there is no dictionary or a formula for sure. You should find yourself a secret that is inside yourself. Capital nature or positive is that you must be disciplined and continue to improve the Knowledge / your knowledge.
Some important points which you can use as reference in stages to increase knowledge:
- Technical Analysis: Charts, indicators, time frames
- Fundamental Analysis: Knowing the market, and the effects on the movement of forex pairs
- Psychology of Trading: What factors determine the individual and the psychology of your trading future.
- Money Management: Setting the balance, lots, capital, and risk calculation.
Forex Risks
Forex is like a double-edged sword. With forex can make you rich quick, but the opposite with a flash also can mengikikis exhausted our capital. So forex risk factors eminence. So really understand the risks in for ex and do not let one step.
