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Basic Forex

Basic Forex -Forex Trading Transactions

There is a basic concept that must be understood in advance about how to profit when the forex transaction.

Trading forex / forex transactions that kind there are 2 of the transaction opening and closing the transaction.

When you perform a transaction opener, it was called the OPEN POSITION / OPEN, because you open yourself to the possibility to profit or loss can be.

Meanwhile, when you perform a transaction closing, it is called POSITION CLOSE / CLOSE to close all possible because you can gain or loss, and make it come true profit and loss.

so it could be said that the forex transactions plot:

OPEN POSITION and CLOSED POSITION, or OPEN and CLOSE.

OPEN – CLOSE, OPEN – CLOSE, OPEN – CLOSE continue like that. That’s the general idea.

OPEN type that there are 2 of BUY and SELL

What does it mean we can Buy and Sell used first? yes, in forex trading is so, but you do not need to be confused, and no to  be confused in depth, if i try to write here it will be long explanatioon You just know that in forex transactions we can BUY or SELL used first. That is all.

Now how that transaction profit?

Profit / profit would you get if:

Any price now, you BUY then prices then your UP CLOSE

or

Any price now, you SELL then price and then you CLOSE DOWN

So to say that a profit formula forex transactions that:

BUY ==> Price Up ==> CLOSE

SELL ==> Price Down ==> CLOSE

So if you want profit you must know the price is whether to ride or going down so that you can determine whether to Buy or Sell.

Regarding the way in order to know the price going up or going down please learn forex technical analysis.

Basic Forex, Forex Articles

Basic Forex – Forex Pips and contract size

“In the forex market, the unit of change in the price movement called PIP. For example, the current price of GBPUSD is 1.5600 then if then their prices change so 1.5602 is called the rose as much as 2 pips ”

Smallest Currency Unit (point / pip) and Contract Size

Point (pip) is the smallest unit of price movements in the forex. One point (pip) for the pair GBP / USD is 0.0001 while the single point for the pair USD / JPY is 0:01. Example: GBP / USD, the movement of 1.8500 to 1.8550 is 50 points.
Value per point (pip) depends on the number of contract size (lot) and the currency used.

Contract Size is the smallest amount in forex trading. In general, the contract size that is often used is the Standard Lot, Lot Mini and Micro Lot. The standard lot is equal to $ 100,000, Mini Lot is $ 10,000 and Micro Lot is $ 1,000.
If your forex broker supports Standard and Mini Lot, it means you can trade with a number of multiples of 100,000 and 10,000. For example: $ 30,000, $ 120,000, and others.

Suppose you buy (buy) GBP / USD 1 lot. Then the market moves up to 10 points. And then you close your transaction, then the advantage that you can adalahc 0.0010 x 100,000 = $ 100.

By knowing more about this lot pips and now you know that the size of the purchase amount is a lot, this loat term equivalent to the term Dozen, Kodi, RIM and others. while the size of the market movement Point or so-called PIP.

Basic Forex, Forex Articles

Forex Currency Explanation

What is Forex Currency?

Forex currency is traded currency in the forex business. Not all currencies are traded every country .Only the currency used for international payments are traded.

The following are the major currencies traded in the forex market:

Symbol Country Currency
USD United States Dollar
EUR Euro members Euro
JPY Japan Yen
GBP Great Britain Pound
CHF Swiss Franc
CAD Canada Dollar Loonie
AUD Australian Dollar
NZD New Zealand Dollar

Currency symbol consisting of three letters, which represent the first two letters of the country, while the first letter identifies the name of the currency prevailing in the country.
Example: AU, AU = Australia, D = Dollar. GBP, GB = Great Britain, P = Pounds Sterling

By knowing this currency Forex I hope you did not ask why the abbreviation of its currency as it was.

General Forex

Forexstund – Forex Advantages

What are the advantages of forex compared to other businesses?

Here are some of the advantages of forex trading compared to other businesses:

a. Boss for yourself
Trading can be done by individuals, it does not require the help of others, you work for yourself, there is no boss that must be adhered to and no fear of losing their jobs.

b. Not bound with places and regions
because it uses an internet connection, you can trade from anywhere as long as the ground is no signal to connect to the internet.

c. Liberated time of work
Forex market is open 24 hours a day, so you can trade anytime you wills.

d. Unlimited potential profit
In a shorter time forex trading can provide greater profits from other businesses. As long as you are able to produce profits, there is no limit.

e. low capital
To be able to forex trading or betting, the required capital was comparatively small. Quite Rp. 1 million or less, you are able to perform several transactions that could potentially generate many times the profit of capital.

f. Business for everyone
with a small capital, can be anytime, anywhere, anyone can be a player or betting forex trading.

By looking at the advantages of this forex business, I hope you can take decision to pursue forex trading or not

Just remember that all this benefit only summary and depend on your ability to learn and focus with forex market system

General Forex

What you need To Start Forex trading?

There are some basic trading tools needed to be able to start a Forex business include:

1. Computer / Laptop /
Computers are used to display charts of price movements, so we can do the analysis first before making a decision.

2. Internet connection
to be able to connect to the server broker, you need an internet connection.

3. Capital
this is what will we manage and we use to buy and sell currencies.

4. Basic Knowledge About Forex and analysis capabilities
To be able to take a decision correctly required a capability.
There are many ways to understand forex trading, including how to analyze the movement value. And the most important thing needed is a willingness to learn.