WHAT IS FOREX ?
Dear Visitor,
(FOREX) the observation of Foreign Exchang.
(Forex trading) refers to the currency trading or currency trading.
(Forex market) knowledge of the currency trading market.
The market is trading currency of different countries. This market is open 24 hours. Do not wait for it to be an open and when we buy will be able to sell.Behavior is closed on Saturday and is closed on Friday evening and Sunday evening is open. Today in this modern era of forex trading via the Internet is even. How is a trading via the Internet to find out what you can contact me.
WHAT ARE THE CHARACTERISTIC OF FOREX TRADING?
How to start forex trading business is very easy and simple.
This period of work in a day can be started.
If you have very little money can be started with little money. You can start with a $ 1.
For this act or the office does not require any special setup. Internet access to any place where you can start the job.
The biggest advantage is that this Saturday and Sunday, plus up to 24 hours may at any time, day or night market is always open.
You can work, even in his absence. Why this book in order to facilitate trade is contained. Trade reservation system that makes automatic that you can use.
All records of profit and loss which is in front of you every time you discover the remains can control your profits and Loss.......
Up through practice demo account can practice without his investments.
Using profits limit may be withdrawn at any time.
CREAT FOREX TRADING DEMO ACCOUNT.
No money shall be the nerve block would not withdraw their money at any time you can close Nor is it a scam because it is the system of government Web sites are working with registered certificate.
The forex market is the largest market in the world of business a day is around 17 trillion dollars.
Forex trading does not require any special degree or have a special course. It is easier to learn it very quickly taken. It also does not require any special education.
International market, the forex market is not a normal market and the stock market reversal not a fiefdom of a group or groups. And no particular group can easily configurable.
What should you learn it properly so it is very profitable business and is a source of income for the unemployed.
Whether they want to learn it first started, because it is a risky business. Every time currency prices are often aggressive and can learn without damage.
FOREX TRADING WHAT IS REQUIRED TO START?
Your forex trading any place or any place of your home office the following facilities are available where it can forex trading.
Computer
internet
Real Forex Trading Account(With forex broker Account)
If you have things you can easily forex trading.
HOW COULD START FOREX TRADING?
In addition to computers and the Internet for forex trading account, you are also required.
First up will open a trust account with the International brokers.
To open an account you can go to the website of the broker account opening stage will be filled.
Besides his identity card and proof of residency document will be sent via email to the broker. Today, most online brokers are able to receive e-mail. So to get them scanned documents can be emailed.
(proof of adress) These are things that I need a bank statement or utility bill in your name you know what is acceptable.
After checking the document broker to open your account for the majority of you login (username) and (password) will also e-mail. In which you will enter your account with ease and will be able to start work.
FOREX TRADING ACCOUNT FUNDDING OR HOW TO TRANSFER FUNDS?
If there will be open when you fund your account to be submitted. Submit your account will fund broker then he will transfer to your trading account.
$ 1 can also open a forex trading account.
Generally, people who start forex trading account $ 10, $ 50, $ 100, $ 500 and $ 1000 to start.
THERE ARE MANY WAYS OF ACCOUNT FUNDING?
Forex trading account to fund the following ways.
(1)CREDIT CARD
Fund transfer credit card is easy and fast...... From this source do not have to pay a fee to transfer funds and funds are immediately transferred.
(2)BANK WIRE
Foreign Currency Account for bank wire must be greatly. If your foreign currency account, you first need to open a bank account in foreign currency. Then to transfer funds via bank wire costs about 5 days and costs $ 30 to 35 fee....
(3)EPAYMENT SYSTEM
Today many sites, Pay Pal (Money Booker), Perfect Money and Skrill are stuck allow the online fund transfer. You have to open an account on their Web sites. And then you fund any exchanger brought into the online account can invest in trading account. Who is this fund to pay the transfer fee is modest.
WHAT ARE FOREX TRADING METHOD?
As the fund will be transfer to your account at the time of your forex trading software forex trading can start.
Broker Forex trading software is downloaded from the website.
Some Indicators (Web Trader) that allow trading through forex trading software does not need to be downloaded. Trading Platform is loaded in the browser.
Such were up (username) and (password) to log in and start trading from your account balance have been calculated.
Forex trading is always in pairs of 2 countries, with the currency pair known as Pair American dollar and European euro couple
EUR/USD
Is the most traded.
As has been shown form.
If you believe that the American dollar will boost European dollar dollars that you will buy the European. If an increase in the value of the euro would be beneficial at this time.
If a decline in the value of the euro means you will loss.
Just so you have to be in forex trading currency futures exchange is to guess right to increase or reduce. In both cases, you have the benefit of the profit depends on the increase in value of their currency is purchased.
If you believe that the American dollar will boost European dollar dollars that you will buy the European. If an increase in the value of the euro would be beneficial at this time.
If a decline in the value of the euro means you will loss.
Just so you have to be in forex trading currency futures exchange is to guess right to increase or reduce. In both cases, you have the benefit of the profit depends on the increase in value of their currency is purchased.
WHAT ARE CURRANCY PAIRS?
The first currency in a currency pair the base currency and the second currency is called the counter currency. For example, the Euro / USD will be the base currency and the EURO pair USD currency would say the counter or coat.
The first currency in a currency pair the base currency and the second currency is called the counter currency. For example, the Euro / USD will be the base currency and the EURO pair USD currency would say the counter or coat.
EUR/USD
European and American dollars
JPY/USD
Japanese yen and the American dollar
GBD/USD
Great Britain pounds and American dollars
CHF/USD
Swiss franc and the American dollar
CAD/USD
Canadian dollar and the American dollar
AUD/USD
Australian dollar and the American dollar
NZD/USD
New Zealand dollar and the American dollar
WHAT ARE CURRANCY RATES?
Forex buying and selling in the market value are shown at the same time a. According to this form EURO / USD rate of 131.43 / 46 means. The purchase price of 1 euro in the forex market is equal to 1.3146 and the sale price of 1 Euro is equal to 1.3143. Spread the purchase price and sale price of which adds up to people will be explained with more detail.
If the Euro / USD above 1.3147 to 1.3146 price so we would say that the value of the dollar against the euro has increased 1 per pip.
Decreased from 1.3146 to 1.3145 against the living, then we will say that the euro relative to the dollar value of a pip is reduced.
The last fourth unit of any currency or Pair called pips.
Euro / USD will be in the index after the last unit will be called pip pip 0.0001 varies in different currency pair. Example USD/JPY This rate is something like 08 from 98.08 Therefore, if it is still alive if the rate increased from 98.08 to 98.09 is. So we would say that the rate has increased 1 per pip.
WHAT ARE LOTS SIZE?
Currency trading is in the form of Lots.
There are lots of base currency units.
Most brokers offer trading lots on 3
(1) (STANDER LOTS) 100000 which contains a million units.
(2) (MINI LOTS) That consists of 10,000 units.
(3) (MICRO LOTS) Which contains less than 10 thousand units called micro lots.
WHAT ARE PIPS VALUE?
Lots depends on the size of the pip value is dpnd in micro lots (10000) is equivalent to $ 1 a pip.
Standard I (100000), a pip is worth $ 10 is a lot just as big as the pip value increases themselves.
HOW DOES FOREX TRADING PROFIT AND LOSS?
We understand forex currency trading profit or Los Down up or being in the forex trading is profit or Los. For example, if EURO/USD A mini lot (10,000) units at the rate of 1.3146 to buy.After adding 3 pips to 1.3149 euros if sold as such we profit of $ 3.
Similarly, if we buy from 1.3146 and the rate becomes lower rate 1.3143. And the way that we seal the Los us will be $ 3.
WHAT ARE SPREAD IN FOREX TRADING?
What is the difference between the purchase price and sales is called the spread rate of 1.3143 to 1.3146, for example, if it is more or less. So we'll say it spread of 3 pips.
Spread is a permanent fixture in the forex market.
Spread the example we can see in everyday life we can see from foreign exchange.
If we go pretty value of foreign exchange to buy a dollar, they will give us 110 rupees.
If we sell, we'll take the 100 th it becomes profit of 10$. The forex brokers forex traders are making profit from trading.
It should try to contact the broker spreads, which will be minimal. The spreadsheet will be low so we will have more profit.
WHAT ARE LEAVRAGE IN FOREX TRADING?
The forex business to expand and leverage for access to a common man has been introduced.
If you do not leverage the common man could not access it.
Leverage is the amount of a loan broker Leverage gives the trader usually 50 times 100 times 200 times and 400 times is given.
Example, if the broker is providing means 400 times leverage 400: 1 if the trader is a reference to $ 100. 100 * 400 = 40,00 So the trader can sell and purchase of 40 thousand.
WHAT ARE MARGEN IN FOREX TRADING?
400: 1 leverage available from $ 100 to $ 40,000 in the account margin (current margin) will be.
Now Trader Euro / USD's a mini lot (10,000) have bought her a residual (30,000) is not used ($ 10,000) will be.
WHAT IS MARGEN CALL IN FOREX TRADING?
Forex trading margin call is the most harmful thing.
Usually comes when a margin call when your available margin Zero (0) is not.
Thus, the system automatically turns on and close your trading gives you out of trading.
EXAMPLE OF FOREX TRADING?
Here we are reminded of the example.
Suppose you Euro / USD on a mini lot (10,000) are purchased at the rate of 1.3143.
If you have $ 100 in your account if your account balance hall would be something like = $ 100, available Balance Margin = 30000 USD.
Margin = 10000, Equal= 97, Profit or Los -3 $, is now in the net trade profit rate is above 1.3153.And if you close that trade on profit 10 pips profit is the case, then your account will be something like this.
Account Balance = $ 110, available balances used margin = 44000
Margin = 0 Equal = 110 $ profit / LOS = 0
And if you go in the opposite Los net trade of 10 pips, then your account will be Los position would be something like this.
Account Balance = 90 $, available margin = 36000, using margin = 0
Equality=90 , Profit/Loss=0.
CURRENCY FLUCTUATIONS AFFECTNG WHAT FATORS?
When a country's currency up and Down is dependent on many things, some of which are listed below.
Economic condition of the country.
Imports and exports of the country.
Political and geographical condition.
The country's interest rate policy.
With the help of the various charts and indicators, it can be estimated that the currency will be up or down.
Graphs, charts and indicators studies (technical studies) is called.
Imports and exports, the country's economic condition (fondamental Studies) is called.
We both must be mastered in forex trading.
WHOS GOOD BROKER IN FOREX TRADING?
If you are on the Internet, we find thousands Broker. But we do not know what is good and what is not right broker So how can we identify good broker.
(1) broker approved by the regulatory authority.
(2) For example, in the US The CFT are registered with the NFA or FSA in the UK are registered with the broker.
(3) Indicators are good reputation (Good will).
(4) The amount required to open an account at least(minimum deposit.
(5) (No slipage) For example, the rate to be bought on sale have the same rate.
(6) Spread should be minimal (Minimum Spread).
(7) Provides maximum leverage (Maximum Leavrage).
(8) Support to live.
(9) Live help.
(10) There are on site.
(11) Deposits and withdrawals of funds in the account are not a burden.
(12) Trading software be easy.
(13) (Instant Exicution) Trade quick to open and close it whenever ordered.
WHAT ARE THE PRECAUTIONS IN FOREX TRADING ?
(1) First, we learn from anyone whether trading then it should start.
(2) Before you start trading on a demo account to practice even when we may be sure that we all have come to know whether to start work on the original account.
(3) Trading is a risky thing to start with, so the smallest amount that it would not be a large amount of deposit, and the Los.
(4) Always use the Stop Loss and Profit Taking trading should stop. If your Internet connection that is damaged or if Pakistan is not lasting up to 8 hours from Los may escape.
(5) Open an account with the broker regulated and registered.
(6) The broker wants to study how the Rules and Regulation.
(7) Trading should not have to guess.
(8) Economic Charts and graphs are always red should trading.
(9) Risk should not work when you are sure to find what direction I should rate.
(10) His dream of becoming rich overnight trading as gambling should avoid.
WARNING:
Forex trading is a risky business to keep track of the information presented on this no liability of any kind caused by"SONY Net Business" would be unacceptable.
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Risk Warning:
Forex and CFD trading carry a high degree of risk. As such they may not be suitable for all investors. Investors should ensure they fully understand the risks associated with CFD trading before deciding to trade. Investors may choose to seek independent advice and should not risk more than they are prepared to lose.