Larn Basics Forex Marketiva

1. Forex Trading moves continuously for 24 hours each weekday (Monday through Friday) began spinning out of the market in New Zealand & Australia which took place at 4:00 a.m. to 2:00 p.m.continues to Asian markets, namely Japan and Singapore which took place at 07:00 to 16:00 pm to European markets namely Germany & UK which took place at 2:00 p.m. to 22:00 pm until the U.S. market held at 19:30 to 4:00 pm

2. Trade in the Asian session usually is not too showed the movement of prices (flat). Prices usually start to move when entering the European session (14:00 am) and peak movement usually occurs at the time of the American session opened at 19.30 pm.

Three. Economic news during the American session is opened (U.S. Open) are usually highly anticipated market players / traders. Due to price movements can be 100-200 points. Always follow the economic news and analysis on world financial markets like the web site or http://www.bloomberg.com http://www.forexnews.com you live choose!

4. Economic news (economic indicators) is important and a lot of influence price movements as news of the Non-Farm Payroll (NFP) Gross Domestic Product (GDP) Trade Balance CPI rising interest rates etc.

5. The currency is the most frequently traded currency pairs like GBP / USD EUR / USD USD / CHF USD / JPY. Currency was chosen because its movement is very volatile.

6. When the GBP / USD and EUR / USD is in a state of “down trend” it is normally USD / CHF and USD / JPY in a condition “Up Trend.” But when times this price move does not have an opponent as mentioned above you shall be careful to put the position (entry) on that day.

7. Currency: GBP (Great Britain Pound) EUR British currency (Euro) Currency EUR European countries (the United States Dollar) United States currency CHF (Switzerland Francs) Swiss national currency JPY (Japanese Yen) currency Japanese nationals.

If the GBP / USD =- 1.8541 means 1 GBP = 1.8541 USD
If EUR / USD = 1.2778 means 1 EUR = 1.2778 USD
If USD / CHF = 1.2250 means that 1 USD = 1.2250 CHF
If USD / JPY = 114.50 means that 1 USD = 114.50 JPY

Or a simple example:
If the USD / ZAR = 9800 means that 1 USD (Dollar) equals 9800 IDR (Rupiah)

Strengthening and weakening of the currency is sometimes still a lot of people who read it upside down where the currency which the currency strengthened and weakened yan. When the GBP / USD moves from 1.8540 to 1.8590 price (up). So this means that the GBP / USD has increased 50 points. Against masing2 currency; GBP experiencing “strengthening” the value of currency is USD experiencing a “weakening” the value of the currency. Because the value of Dollar (USD) required to purchase the GBP is the greater of 1.8540 to 1.8590 per 1 British Pound (GBP). Short said the more expensive Pound values to the dollar.

It means moving 400 price point. Against masing2 currency; CAD experience “strengthening” the value of currency is ZAR experiencing a “weakening” the value of the currency. Because the value of the Rupiah (IDR) needed to buy Dollars (USD), the greater is from 9500 to 9900 per one dollar (USD). Short said the more expensive dollar values against the Rupiah.

8. As you already know that in Forex trading is known the term “Two Ways Opportunities?” That transaction in FOREX can be done by way of two directions in taking advantage. When prices are rising, the tendency of the transactions by taking positions BUY (offer). Was when the price trend is down then the transaction is done by taking a stance SELL (bid). Examples:

Position BUY (offer)

We see the price of GBP / USD is experiencing a trend to rise (up trend). After we analyze we decided to conduct transactions (open position) which is “BUY” with a quantity in 1000 ($ 10) when the price of GBP / USD had 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 earn a profit of 90 points (1.8640 – 1.8550 = 90 points)

The advantage that we obtain

With Quantiy 1000 ($ 10) is 10×90/100 (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) which is “SELL ‘with a quantity 10 000 ($ 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 move down and hold until 1.8780. we see prices begin to move slowly. And had touched a strong suppot line. We decided to liquidate (close) our position at 1.8780. So from this transaction we earn a profit of 80 points (1.8860 – 1.8780 = 80 points)

The advantage that we obtain

With Quantiy 10 000 ($ 100) is 100×80/100 (leverage) = $ 80 (profit)

* The calculation of this gain is different between directly currency (GBP / USD EUR / USD) with indirect currency (USD / CHFUSD / JPY). Will be discussed later.

9. Radical analysis and technical analysis is very important to learn to analyze price movements. Technical Analysis is the analysis of price movements by looking charts of price movements before (5 mins 30 mins 1 hour or 1 day ago) are usually equipped with indicators to look at price trends, and for deciding when to market entry (Entry) and when to get out of market (Exit). While Fundamental Analysis is the analysis based view of economic development of a State. For example higher interest rates inflation NFP etc.

10. Do not use a smaller time frame to determine price trends, such as one minute (1M) 5 minute (5M). Because too many “waves” that can be swallowed
Use the one-hour time frame (1H) to determine trends and five minute time frames (5M) to see pergerakn prices. Or use the time frame 1hari (1D) to see the trend and use one hour (1H) to see the price movement.

Example: Trend everyday (daily) try riding on that day do not install the opposite position with the daily trend. Look at the price movements in the time frame 1H (1hr) when prices are down just wait for prices to bottom and bounce back up (bounce). Essentially “buy at the bottom and sell at the top” buy when prices were at the bottom and selling at prices at the top.

11. Choose strategies that suit you. First test (back test) with a demo report during the 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 to avoid lust greed and fear and avoid impetuous sense to immediately reply to a defeat.

12. In the most widely used trading just 10% of the equity that you miliki.Misal money in your Marketiva account 100 USD. Use a lot of 10 USD for most trades. Always pairs sotp 5% of the equity loss to limit losses. And must know when to enter the market and when to get out of the market.

13. Continue to learn and Increase your knowledge in forex trading Learn strategies from other tradesman forum2 and learn to learn trading psychology cash management 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 to participate in this forum the forum. Free! and a clear knowledge you will be growing with much discussion and reading their articles.

Keep you learn forex and you’ll be ready to get an infinite profit.

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