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Discussion of this pair in my opinion that market can be move to the bullish trend, as looking forward to the open trade, and I prefer the first option of sell it .
If we seems that closing graph of this pair its overall trend show us buy, and moving average is looking strong up side ,I think it can little bit move up but looking world's situation by Covide,19 it can be move to the down side ,so my suggestions are to sell here ,
If you like & agree
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Forex is classified as the type of investment with the highest risk. This is comparable to the profit potential of forex higher than deposits, stocks, or mutual funds.
some risks in forex trading are :
Market Turmoil
Exchange rates can change quickly. Especially if you use high leverage, you need to be careful.
Market Liquidity:
If liquidity conditions are low, then the order amount becomes small,
buying and selling does not match the expected exchange rate, and widened spreads can cause loss
Interest Rate Policy
Monetary policy in each country to changes in interest rates relates to the profit-loss percentage value for Swap Points.
System Failure
Forex trading activity using the internet . If your komputer and internet have problem, then you can't do Open Position or Close Position
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One reasons why traders always fail to earn profit consistently from forex market because they too focus to make quick money. Most trader always assume that forex is get rich quick scheme, but they don't know that they will fight themselves. In this case the mentality and ability to manage all temptations in an arena that provides unlimited money like forex market. If you want to make money consistently from forex market, eliminate all fantasies related to success from forex trading. focus only on money, traders can lose more money quickly, increasing emotional and tension, taking too many transactions or using higher leverage.
There are many people who make forex trading as their main job and those living from trading (trading for a living). If you have good trading skills, you can manage other people's funds with profit sharing system, or from commission per transaction. From the survey results, online forex trading has grown rapidly in the last 7 years. So, If you want to invest in forex trading, first step is you should to learn about forex business through forex sites or forex forum. You can ask all about forex with other people.you can learn how to control emotion and angry.
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Basically, there are a few steps you need to learn before entering the forex market. One of the most appropriate is to practice directly in the field to understand how Forex works and what your strategy is in order to play this business properly.
Now, let's look at some of the steps to learn Forex as outlined below.
- Understand the basics and calculations of foreign currency trading.
- Using a demo account before entering the world of forex trading in Indonesia. This is quite useful because you can immediately practice practice while learning to understand the system of Forex itself
- Learn technical analysis.
- Learn fundamental analysis.
- Create a trading system.
- Live trading.
In addition to learning technical matters and practices related to the Forex business, you should also be able to study forex trading predictions in order to be able to buy or sell foreign money appropriately for more profit. Nowadays, access to news about Forex is easier to find with the advent of internet technology.
You should be able to do more with the information that is widely available today. You can find the latest Forex news, both technical and fundamental, which are updated every day. By finding the right information, it is hoped that you can get more benefits. Knowing the news about the ups and downs of world stock prices and also the value of foreign currencies will greatly help your Forex business.
It's also a good idea to deepen the forex analysis that is trending today so that you can know where is the most appropriate place to put your investment. The analysis made by experts who are accurate and accurate will be of great help, especially for those of you who are just learning about Forex and its world. After learning various things on Forex, sooner or later you will come across terms about brokers on Forex. In Forex, a broker is a party that brings together buyers and sellers. Brokers can be institutions, companies, agents or individuals. In this case, choosing the best forex broker is inevitable if you want to experience the best in Forex business. Those are some of the things you need to learn in the Forex business.
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A Review On Forex Trading Business
What is the forex market?
Foreign exchange (also known as forex or FX) refers to the global, over-the-counter market (OTC) where traders, investors, institutions and banks, exchange, speculate on, buy and sell world currencies.
Trading is conducted over the ‘interbank market’, an online channel through which currencies are traded 24 hours a day, five days a week. Forex is one of the largest financial markets, with an estimated global daily turnover of more than US$5 trillion.
All transactions made on the forex market involve the simultaneous purchasing and selling of two currencies.
These are called ‘currency pairs’, and include a base currency and a quote currency. The diagram below represents the forex pair EUR/USD (Euro/US Dollar), one of the most common currency pairs traded on the forex market.
Note: Forex prices are often quoted to four decimal places because their spread differences are typically very small. However, there is no definitive rule when it comes to the number of decimal places used for forex quotes.
On the forex market, trades in currencies are often worth millions, so small bid-ask price differences (i.e. several pips) can soon add up to a significant profit. Of course, such large trading volumes mean a small spread can also equate to significant losses.
Always trade carefully and consider the risks involved.
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Forex is one of the unique short-term investment instruments. Unlike other instruments such as gold, property, stocks, and mutual funds, forex has the highest level of risk, as well as the advantage that it can make a lot of money in the shortest time. Forex, or also known as Forex, is an investment or trading instrument that is known to have risks for traders who are involved in it. However, this does not discourage traders from engaging in forex trading activities.
There are various reasons why many people are now looking to forex trading as a source of additional income as well as a main job. Forex is indeed a type of instrument that attracts the attention of many parties, both investors and the public in general. Forex trading is an activity that can be done online. Transactions can also be done via computers, laptops, tablets, or smartphones. Traders can also make transactions with the application provided by the broker.
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If you want to learn forex or a business, of course, you have to know all the ins and outs, profiles and also its advantages and disadvantages. In addition, you must be able to think and act objectively so that you are not wrong in choosing a business. Likewise with forex trading, today many people say that forex is one of the best ways to make money online so many want to enter the world of forex. It is true that forex is a business that generates quite a large and lucrative profit. Not only online, actually if you trade forex in a traditional way you can get profit, the way is that you can buy foreign currency and store it in your safe or account and then sell it back when the currency value is high.
If you are still a beginner and have never known what forex trading is, there are a few things you need to know. Before you dive deeper into the world of forex, it's a good idea to know and understand what are the advantages and disadvantages of forex
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One of the short-term investments with high returns is the forex (foreign exchange) or the currency market, or it can also be called foreign exchange (foreign exchange) With forex, you can make a lot of money in a fast time. Even so, forex is not an activity that can be easily done. If you don't understand the ins and outs of forex, then you could end up losing big.
before starting to gain profits with forex trading activities, let's get to know first, what are the advantages and disadvantages of the forex business:
Advantages:
- In general, service providers and investment products are only open for a few hours a day. In contrast to this, forex trading is open 24 hours every Monday-Friday. So, you can make foreign currency transactions at any time during weekdays.
- You can adjust the trading time according to your wishes, so that the trading process will not interfere with your main activities. For example, if you work in the morning, then you can trade forex at night
- You can exchange one currency for another. The currencies are unlimited, although there are only a few that are often traded via forex. For example, you could sell US dollars and then buy Pounds, and vice versa.
- Tthere is always a chance of profit even if one of the currencies weakens. This is because when one currency decreases in value, another currency increases. Of course this is more profitable than playing stocks.
Disadvantages :
- Forex is a leveraged investment. That means, there is margin trading offered by brokers in forex trading. So for example, if your capital is $ 10,000 with 50 times the leverage, your total transaction is $ 500,000. If the value of the pips goes up just a little, then you will get a big profit. However, if the value of the pips goes down, you will obviously lose a lot, even lose capital.
- The rise and fall of currency prices in forex instruments of course depend on market demand. If the demand and supply is high, the price will be high too. Now, this demand and supply can change quickly, even in a matter of minutes. This condition is called volatility. With this high volatility, traders can achieve high profits in a fast time. But if they are not lucky, they can also lose in just a few minutes.
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Forex is a foreign currency exchange. Ordinary lay people often call it the term "foreign exchange (forex)."
If it is associated with trading, forex trading is trading currencies from various countries with the aim of making a profit.
The goal, of course, is to make a profit. The buying and selling of currencies between various parties does not take place in a market with a physical structure, but in an invisible network called the "forex market".
Along with the times, forex trading is now divided into several parts in the financial market and also commodities, each of which has a purpose and importance.
1. Spot Market
This market is a market where the purchase or sale of financial instruments, commodities or other assets by cash and direct payment, as opposed to a market for future delivery.
Usually this market is often referred to as the cash market or physical market because trading is directly exchanged for assets.
2. Forward Market
The forward market or what is often referred to as the futures market is a market for sale and purchase transactions with delivery at a later date.
It is said that futures are the opposite of the spot market or cash market, because transactions that occur are delivered on a timed basis.
3. Futures Market
The futures market or Futures Trading is one of the markets that is quite familiar in Indonesian society because this market is one of the places where the agreement that states the standard volume of a certain currency is exchanged on a certain maturity date.
The futures market operates on an OTC basis (over the counter) while the forward market is the opposite. That means, futures trading is carried out on the futures exchange while forward contracts are not. For the record, a futures exchange is a place or facility to trade contracts on a number of financial instruments or commodities at a certain price. In addition, the futures market is also one of the largest investment markets in the world which continues to grow rapidly every year.
Remember, forex trading will not always generate profits or profits.
In many transactions that you make, of course at one time you experience a loss, and this is very normal to happen. Even someone who has a large business has experienced losses In forex trading, some experienced traders consider the risks involved in trading as lessons that can be managed properly. Not a few experienced traders who end up consistently making profit from forex trading.
The average professional trader managed to get a profit of 5-10% per month from the initial capital. So, if you want to reach a target of $ 500- $ 1000 per month, then you need a capital of between $ 5000- $ 10000. Even so, it does not mean that if you have capital under $ 5000 you will not be successful when trading. The minimum recommended by experts for you to spend up to $ 1000 when trading. Profit or loss when trading, depending on how you analyze and use a strategy that suits your character.
In forex trading, currencies are traded in pairs. That is, the currencies of one country can be traded in pairs with the currencies of other countries. For example, currencies that are often provided in trading such as EUR / USD means the currency pair Euro and US Dollar. This is what is usually referred to as a currency pair.
Not a few think that forex trading is similar to gambling or gambling, because it only relies on the luck factor on the predictions made.
Is that true?
No, forex trading is not a gamble!
Every price change that occurs in the forex market is not controlled by any particular party, but changes and price movements are influenced by economic conditions and other factors that affect the exchange rate of the currency. In forex trading, a trader will manage and carry out each transaction independently through a forex broker as the party who is trusted as a "liaison" between traders and the wo
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Before you register an account, it is important to know the basics of forex trading from currency pairs to pips and profits and beyond. Currency pairs compare the value of two currencies through a numerator / denominator relationship, with the base currency at the top and the quote currency at the bottom. In the EUR / USD currency pair, the most popular forex trading instrument in the world, EUR is the base currency and USD is the quote currency. The EUR / USD quote displays a ratio roughly the same as what you would pay if you visited Paris and needed to exchange dollars for euros. USD equals $ 1.00 in this calculation, so a quote “EUR / USD 1.23000” means the euro is trading 23% higher than the US dollar.
Each ratio is quoted in two to five decimal places and also comes in an inverted version, which creates a new currency pair that moves in the opposite direction. To follow our example, EUR / USD measures the value of euros against the US dollar while USD / EUR measures the value of the US dollar against the euro.