Forex Trading Objectives
In simple and basically, our goal is to gain trading profits or gains. So this is what will be one final and major goal of our learning process. However, usually without knowing it you will get and turned into a figure who is more desiplin, patient, calculating, and can control themselves well. Since you are not likely to profit reply stable without it.
General Knowledge
Forex Broker
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 brokerage trading business will be very easy and simple. Usually the broker has facilitated the application where we can easily make an order.
When you can trade forex?
Trading can be done 24 hours a day, 5 days a week monday s / d friday
- Beginning of New Zealand & Australian market hours 5:00 to 14:00 pm,
- Then to the Asian markets, namely Japan, Hong Kong & Singapore at 7:00 a.m. to 16:00 pm,
- Then the European market is Germany & UK hours 13:00 to 22:00 pm
- Up to the American market hours of 20:30 to 10:30 pm.
With this one long time interval, you can adjust when trading with your spare time.
Pips and profit and loss calculations
The movement of units / smallest in the forex price calculated in units of point / pip. The value of each point is varied according to the type of currency pairs (pair) and the type of contract.
Profit / loss = (Selling Price - Buying Price) x contract size x lot
Example:
Buy 4 standard lot of EUR / USD 1.2500 and Sell 4 standard lot of EUR / USD 1.2570
Profit = (1.2570 - 1.2500) x 100,000 x 4
Profit = $ 2,800
Note: the majority of applications are used for trading (metatrader) there is an automatic reply facility to calculate 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 the process where you withdraw the balance / balance into dollars.
Deposit and withdraw it later you will experience when you have been trading with real funds. For the learning process or the beginning we did not memperlukannya, because generally the broker has provided facilities for trading with virtual money (toy) is 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 formula for sure. You should find yourself a secret that is inside yourself. Capital nature or positive is you have to discipline and increasing knowledge / your knowledge.
Some important points which you can use as reference in the stage of improving the knowledge:
- Technical Analysis: Charts, Indicators, time frame
- Fundamental Analysis: Knowing the market, and its effect on the movement of forex pair
- Psychology of Trading: How individuals and psychological factors greatly determine the future of your trading.
- Money Management: Setting the balance, lot, capital, and risk calculations.
Forex Risk
Forex like a double-edged sword. With forex can make us rich quick, but the reverse can also be mengikikis instantaneously depleted our capital. So forex has a risk factor eminence. So understand the true risks in forex and do not let one step.
