LEARN THE BASICS OF FOREX

1. Forex Trading Marketiva moves continue for 24 hours each weekday (Monday through Friday) rotates from the market in New Zealand & Australia which took place at 4:00 to 14:00 pm, continues into the Asian markets of Japan and Singapore which took place at 07.00 - 16.00, to market Europe, in Germany and Britain which took place at 14.00 - 22.00, to the American market which took place at 7:30 p.m. to 4:00 pm

2. Trading in the Asian session usually cost less to
show the movement (flat). Prices usually start to move when entering the European session (14:00 GMT) and peak movement usually occurs at the time of the American session opened at 19:30.

3. Economic news during the American session is opened (U.S. Open)
are usually highly awaited market / trader. Due to price movements can be up to 100-200 points. Always follow the economic news and analysis on world financial markets on the web site as http://www.forexnews.com or http://www.bloomberg.com Just choose!

4. Economic news (economic indicators) is important and greatly influence price movements, such as news about the Non Farm Payroll (NFP), Gross Domestic Product (GDP), Trade Balance, CPI, higher interest rates etc.

5. The currency is the most frequently traded currency pairs like GBP / USD, EUR / USD, USD / CHF, USD / JPY. This currency was chosen since the movement is very volatile.

6. If the GBP / USD and EUR / USD is in a state of "down trend" is usually USD / CHF and USD / JPY is in a "Up Trend." But if one day these price moves are not opposites, as mentioned above, you must be careful to set the position (entry) on that day.

7. Currency: GBP (Great Britain Pounds Sterling) currency of Britain, EUR (Euro) currencies of European countries, USD (United States Dollars) currency of the United States, CHF (Swiss Franc) currency of Switzerland, JPY (Japanese Yen) currency of Japan.

If the GBP / USD =- 1.8541 means 1 GBP = 1.8541 USD

If the EUR / USD = 1.2778 means 1 EUR = 1.2778 USD

If USD / CHF = 1.2250 means that 1 USD = 1.2250 CHF

If the USD / JPY = 114.50 means that 1 USD = 114.50 JPY

Or simple example:

If USD / IDR = 9800 means 1 USD (dollar) is equal to 9800 IDR (Rupiah)
Strengthening and weakening of the currency, sometimes there are still many people who read it upside down, where a strong currency and which currency weakened yan. If the GBP / USD moves from 1.8540 to 1.8590 price (increase). So this means the GBP / USD has increased 50 points. Against masing2 currency; GBP experiencing "strengthening" of the currency is USD experiencing "weakening" of the currency. Because the value of the dollar (USD) needed to buy the GBP is the greater of 1.8540 to 1.8590 per 1 pound sterling (GBP). In a word value, the value of pound more expensive against the dollar.

This means that the price moves 400 points. Against masing2 currency; USD experiencing "strengthening" of the currency is ZAR experiencing "weakening" of the currency. Because of the Rupiah (IDR) needed to buy Dollar (USD) greater than 9,500 is a 9900 per 1 Dollar (USD). In a word value, the more expensive dollar value of the rupiah.

8. As you already know that in Forex trading Marketiva known the term "Two Ways Opportunities?" That transaction in FOREX can be done by 2-way in taking advantage. When prices are rising trend then the transaction is done by taking a position BUY (offer). Medium when the price trend is down then the transaction is done by taking a position SELL (bid). For example:




Position BUY (offer)

We see the price of GBP / USD is experiencing rising trend (up trend). After we analyze we decided to conduct transactions (open position) that "BUY" with quantity 1000 ($ 10) when the price of GBP / USD has reached 1.8550 (for example). It turned out that our analysis was a few moments later the price moves up and hold up to 1.8640. we see prices begin to move slowly. And has touched a strong resistance line. We decided to liquidate (close) our position at 1.8640. So from this transaction we get 90 points advantage (1.8640 - 1.8550 = 90 points)
The advantage that we get
With Quantiy 1000 ($ 10) is 10x90/100 (leverage) = $ 9 (profit)
Position SELL (bid)
We see the price of GBP / USD is experiencing a trend down (down trend)

After we analyze we decided to conduct transactions (open position) is "SELL 'with quantity 10000 ($ 100) when the price of GBP / USD has reached 1.8860 (for example). It turned out that our analysis was a few moments later the price moves down until 1.8780. we see prices begin to move slowly. And has touched a strong suppot line. We decided to liquidate (close) our position at 1.8780. So from this transaction we get profit 80 points (1.8860 - 1.8780 = 80 points)
The advantage that we get
With Quantiy 10000 ($ 100) is 100x80/100 (leverage) = $ 80 (profit)
* The calculation of profit is different between direct currency (GBP / USD, EUR / USD) with indirect currency (USD / CHF, USD / JPY). Will be discussed later.

9. Technical analysis and fundamental analysis is very important to learn to analyze price movements. Technical analysis is the analysis of price movements by looking at charts of price movements before (5 minutes, 30 minutes, 1 hour, or 1 day ago) are usually equipped with indicators to look at price trends and to decide when to enter the market (Entry) and when must exit the market (Exit). While the analysis Fundamental analysis is based view of economic development of a State. For example, rising interest rates, inflation, NFP etc.

10. Do not use a small time frame to determine the price trend such as 1 minute (1M), 5 minute (5M). Because too many "waves" that could swallow
Use the time frame for 1 hour (1H) to determine trends and time frame 5 minute (5M) to see pergerakn price. Or use the time frame 1hari (1D) to see the trend and use 1 hour (1H) to see the price movement.
Example: Trend daily (daily) is on the rise, try on that day do not put a position that goes against the daily trend. Look at the price movements in the time frame 1H (1 hour), when prices are down just wait for prices to bottom and bounce back up (bounce). The point is "buy at the bottom and sell at top" buy when prices were at the bottom and sell when prices are at peak.

11. Choose strategies that suit you. Test first (back test) with a demo account for a month. See the results do provide a high probability profit or even a very large loss probability. The key to success in trading is patience and discipline to the strategy that you believe, avoid lust greed and fear and avoid impetuous sense to immediately avenge their defeat.

12. In trading use at most 10% of the equity that you miliki.Misal money in your Marketiva account 100 USD. Use a maximum of 10 USD for trading. Always put a sotp loss of 5% of the equity to limit losses. And know when to enter the market and when to exit the market.

13. Continue your learning and increase the knowledge in forex trading Learn strategies of other traders forum2 and learn money management, learn about trading psychology, etc. etc. even though you always succeed in your trading

14. Follow the forex forums and mailing lists that many on the internet. No need to pay in following this forum. Free! and a clear knowledge you will be growing with much discussion and reading their articles.