Tips for beginners to learn forex.

[kanta]

very nice initiatives for beginners to learn initiatives. Please update it regularly so that we something new from this thread on regular basis. Thank you.

[sgiant]

thanks for your advice and materials that are easily absorbed by the merchants give beginners like me. financial management is the most important and need attention.

[bindian]

Good post. There is a lot more to it than that but at least this will help very new traders. There are lots of books available about forex and every new trader should read as many of them as they can to help build strategies to make money.

[william88]

I agree forex is two way opportunities,we can get profit when the price go up,or go down..
but try to predict where the market will go is very difficult.thats why we shoul have good strategy..

[kashifrehman]

You are right dear this two way oppertunity giv us much exposure to increase our equity but this also bring successive loses when we remain fail to predict this market accurtately. The real thing is this is a rsiky market but there are lot tolls available that a trader can use to reduce risk.

[hello927]

This is very good post not only for beginners but also for senior members of the forex traders. It has vast knowledge of trading,if one follows it he will be successful in trading. Apply these strategy in demo account and take some experience of these. Then come to real trading for earning profit.

[maulana]

thanks for your advice sokcool... this might very helpfull for traders beginner in here... but, sub forum trading strategies in here... would you like to share your trading strategy...? i think it might be very helpfull too...

[sokcool]

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.