Tips for beginners to learn forex.

[mimunaislam]

Forex is two way opportunities,we can get profit when the price go up or down.There is broad comprehension of forex trading, whenever an individual is a follower of it all he may have great results during forex trading. Fill out an application those program during simulation balance together with require certain experience of those.

[jamalsale]

thanks DC is a very helpful subject for beginners.that is a lot of strategy in Forex world that's can help newbie.
experience can be the most important to build a good strategy.

[mostak]

hi, Extremely necessary hints that can be found out by just certain during the Currency exchange to use a continuous program or simply are provided right out of the protocols for this program whichever goes on to achieve the optimum profit they might be carry out available together with all at once encourage them results.thanks

[ahsankhan]

FOREX Trading or better known as the Foreign Exchange (Foreign Exchange) is a type of trading / trade transactions that a country's currency against the currencies of other countries that involve major financial markets in the world for 24 hours continuously. Given the level of liquidity and price movement of a high acceleration, Forex trading has become the most popular alternative because the ROI (Return Of Investment, or the return value of investments that we have planted) and profit to be gained could exceed the average trade in general (usually mean- average return is about more than 5% - 10% per month, though it could reach more than 100% per month for professional traders).

What currencies are traded?
That is all world currencies that have a high selling power. Example: USDollar, Yen, Euro, Franc, Pound Sterling (GBP / USD, GBP / USD, USD / JPY, USD / CHF) and others.

How to process transactions?
What is a "Buy / Sell" in the foreign exchange market this? On the stock exchange is you can buy or sell currencies are traded. Objective is to gain profit or advantage from the position of the transaction you are doing.Example: if you are buying (BUY / Offer / Long) of a currency and the currency price movement proficiency level showed a significant increase in graphics, then you can take advantage of these price differences to close your positions, and vice versa if you do sell ( SELL / Bid / Short) and then the currency price movement charts have decreased, then you can also take advantage by closing the position you are selling.

Is the FOREX is "Two Ways Opportunities?
"Yes! Transaction in FOREX can be done by way of 2-way in taking advantage. BUY (buy) first, then covered with a take profit Liquid SELL (sell) or otherwise to SELL (sell) first, then covered with a take profit BUY Liquid (buy).

How do I calculate my transaction results in the FOREX?
Here is how: For the FOREX against the USDollar currency there are two main types of Direct and Indirect

Example:
Direct: GBP / USD, EUR / USD, AUD / USD, etc. (just a ... / USD)Indirect: USD / JPY, USD / CHF, etc. (USD / ....)And for the calculation: Like we start trading Forex with an initial capital of U.S. $ 5,000 (regular account), then the way our transaction count is:

For currency Direct: for example, we trade in the species account regular Forex then we have input quantity contract sizenya = U.S. $ 100,000 and we do Buy in EUR / USD at position 1.2000 and then at the close Sell (take profit) at the position of 1.2010, then we will profit for: (1.2010 - 1.2000) x 100 000 = $ 100 (profit) or vice versa if the loss is the same calculation.For currency Indirect: for example, we trade on the account type regular Forex then we have input quantity contract sizenya = U.S. $ 100,000 and we do Sell on USD / JPY at positions 110.10 and then at the close Buy (take profit) at the position of 110.00, then we will profit for: (110.10 - 110.00) x 100000) / position = $ 90.91 liquid 110.00 (profit) or vice versa if the loss is the same calculation.

this might very helpfull for traders beginner in here but sub form trading strategies in here would you like to share you trading strategy i think it might be very helpfull to...

[sazzad]

Wow this is very good tips for the new trader of this market and i think these information will help to the trader very much for learning about this market very much and if they can read it and after that if they do trade in the real account then the trader will get all of information about this market.

[moss]

My tips for beginners to learn Forex are given serially.1) read various websites on internet such as baby pips.com, BDPIPS.com etc. 2)trade in demo account for about one month continuously. 3) don't trade in real account before learning well. 4) try to control your greed and emotion by demo trading.Thus you will be able to laern Forex.To learn Forex, there is no alternative of hard work.

[masudraj]

it is really a great post for beginners. thank you very much for your great post. it is very helpful for me . i try to follow your advice .

[goldenmember]

These are good tips to follow. You need to provide hard work to make your system work for you. There is lots of advice out there and it is up to you to use it.

[sharabela]

I wish I had read this article when I was a beginner. Matter of regret that I did not get as simple am article when I was a beginner. Thanks a lot on behalf of all the beginners here. I am sure they get a huge help by reading this article.

[nurul]

sokcool,
thank you for the post. it will be helpful if you update your thread daily. Please continue the thread.