Forex Trading Objectives
Simply and basically, our goal is to achieve trading profits or gains. So this is what will be one final and major goal of our learning process. However, usually without knowing it and you will get turned into a figure who is more discipline, patient, calculating, and can control themselves well. Since you may not gain profit reply stable without it.
General Knowledge
Forex Brokers
Brokers, who is the intermediary between sellers and buyers together. 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 do the order.
When you can trade forex?
Trading can be done 24 hours a day, 5 days a week monday to Friday
- Beginning of New Zealand & Australian market hours 5:00 am to 02:00 pm,
- Then the Asian markets, namely Japan, Hong Kong & Singapore at 7:00 a.m. to 04:00 pm,
- Then the european market German & English at 01:00 to 10:00 pm
- Up to the American market hours of 08:30 to 10:30 pm.
With one long interval of time, you can adjust when trading in your spare time.
Pips and the calculations of profit and loss
The movement of units / price of the smallest 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 an automatic reply facility to calculate profit / loss. So you do not need 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 melt the balance / balance into dollars.
Deposit and withdraw it later you will experience when you have been trading with real funds. To start the process of learning or not we need, because generally the broker has to provide facilities for trading with virtual money (toy) is often called the Demo Account.
Learning Forex
Why is it called the process, the point to 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 you have to discipline and continue to improve knowledge / your knowledge.
Some important points which you can use as reference in the stage increase knowledge:
- Technical Analysis: Charts, indicators, time frames
- Fundamental Analysis: Knowing the market, and its effect on the movement of the forex pair
- Psychology of Trading: How do individual and psychological factors largely determine the future of your trading.
- Money Management: Setting the balance, lots, capital, and risk calculations.
Forex Risks
Forex like a double-edged sword. With forex can make you rich quick, but the reverse with a flash can also decrease depleted our capital. So forex who have high risk factors. So really understand the risks in forex and do not let one step.
Simply and basically, our goal is to achieve trading profits or gains. So this is what will be one final and major goal of our learning process. However, usually without knowing it and you will get turned into a figure who is more discipline, patient, calculating, and can control themselves well. Since you may not gain profit reply stable without it.
General Knowledge
Forex Brokers
Brokers, who is the intermediary between sellers and buyers together. 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 do the order.
When you can trade forex?
Trading can be done 24 hours a day, 5 days a week monday to Friday
- Beginning of New Zealand & Australian market hours 5:00 am to 02:00 pm,
- Then the Asian markets, namely Japan, Hong Kong & Singapore at 7:00 a.m. to 04:00 pm,
- Then the european market German & English at 01:00 to 10:00 pm
- Up to the American market hours of 08:30 to 10:30 pm.
With one long interval of time, you can adjust when trading in your spare time.
Pips and the calculations of profit and loss
The movement of units / price of the smallest 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 an automatic reply facility to calculate profit / loss. So you do not need 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 melt the balance / balance into dollars.
Deposit and withdraw it later you will experience when you have been trading with real funds. To start the process of learning or not we need, because generally the broker has to provide facilities for trading with virtual money (toy) is often called the Demo Account.
Learning Forex
Why is it called the process, the point to 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 you have to discipline and continue to improve knowledge / your knowledge.
Some important points which you can use as reference in the stage increase knowledge:
- Technical Analysis: Charts, indicators, time frames
- Fundamental Analysis: Knowing the market, and its effect on the movement of the forex pair
- Psychology of Trading: How do individual and psychological factors largely determine the future of your trading.
- Money Management: Setting the balance, lots, capital, and risk calculations.
Forex Risks
Forex like a double-edged sword. With forex can make you rich quick, but the reverse with a flash can also decrease depleted our capital. So forex who have high risk factors. So really understand the risks in forex and do not let one step.
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