1. Forex Trading moves continuously 24 hours each weekday (Monday through Friday) spins ranging from market New Zealand & Australia which took place at 04.00 - 14.00 WIB, continues to Asian markets, namely Japan and Singapore which took place at 07.00 - 16.00, to European markets German & English which took place at 2 p.m. to 22:00 pm, to the American market which took place at 7:30 p.m. to 4:00 pm
2. Trading in the Asian session usually not too show the movement of prices (flat).Prices usually start to move when entering the European session (14:00 GMT) and the peak movement usually occurs during the American session opened at 19:30.
3. U.S. economic news while session is opened (U.S. Open) are usually highly anticipated market participants / traders. Because price movements can be up to 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 just select!
4. Economic news (economic indicators) that are important and greatly influence price movements, such as news of the Non-Farm Payroll (NFP), Gross Domestic Product (GDP), Trade Balance, CPI, higher interest rates etc.
Download here DOWNLOAD economic indicatorsTo view the news schedule (calendar) that the economy will be issued seehttp://forexfactory.com and http://dailyfx.com
5. The currency is the most frequently traded currency pairs like GBP / USD, EUR / USD, USD / CHF, USD / JPY. This currency is chosen because its movement is very volatile.
6. If the GBP / USD and EUR / USD is in a state of "down trend" is usually USD / CHF and USD / JPY is in a state of "Up Trend". But if one day the price is moving is not an opponent as mentioned above, you must be careful to put the position (entry) on that day.
7. CurrenciesGBP (Great Britain Pounds Sterling) currency of the UK, EUR (Euro) currencies of European countries, USD (United States dollar) currency of the United States, CHF (Swiss franc) currency of Switzerland, JPY (Japanese Yen) currency Japanese state funds.
If the GBP / USD =- 1.8541 means that 1 GBP = 1.8541 USDIf the EUR / USD = 1.2778 means that 1 EUR = 1.2778 USDIf the USD / CHF = 1.2250 means that 1 USD = 1.2250 CHFIf the USD / JPY = 114.50 means that 1 USD = 114.50 JPYOr a simple example:If USD / IDR = 9800 means that 1 USD (dollar) equal to 9800 IDR (Rupiah)
Strengthening and weakening currenciesSometimes there are still many people who read it upside down, where a strong currency and which currency weakened yan. If the GBP / USD moves from 1.8540 to 1.8590 price (up). So this means the GBPUSD has increased 50 points. Against the currencies masing2; GBP experiencing "strengthening" of the currency is USD experiencing "weakening" of the currency. Because the value of the dollar (USD) needed to buy the GBP is the greater of 1.8540 to 1.8590 per 1 British Pound (GBP). In short the value, the value of the more expensive pound against the dollar.
Examples easier eg the dollar against the Euro USD / IDRIf the EUR / USD moves from 9500 to 9900 prices (up)This means that the price moves 400 points (... Wow!). Against masing2 currency; CAD experience "strengthening" of the currency is USD experiencing "weakening" of the currency. Because of the Rupiah (IDR) is needed to buy Dollar (USD) the greater, from 9500 to 9900 per 1 dollar (USD). In short the value, the more expensive dollar value against the Euro.
8. As you already know that in Forex trading technical term is "Two Ways Opportunities?" That transaction in FOREX can be done by way of 2-way in taking advantage. When the price trend is up then the transaction is done by taking a position BUY (offer). Being when the price trend is down then the transaction is done by taking a position SELL (bid). For example:
Position BUY (offer)We see the price of GBP / USD is experiencing a rising trend (up trend)Once we analyze we decided to conduct transactions (open position) is "BUY" with quantity 1000 ($ 10) when the price of GBP / USD has 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 start 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 gain 90 points (1.8640 - 1.8550 = 90 points)
The advantage that we getWith Quantiy 1000 ($ 10) is 10x90/100 (leverage) = $ 9 (profit)
Position SELL (bid)We see the price of GBP / USD is experiencing a down trend (down trend)Once we analyze we decided to conduct transactions (open position) is "SELL 'with quantity 10000 ($ 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 moves down and hold until 1.8780. we see prices start to move slowly. And has touched the line of strong suppot. We decided to liquidate (close) our position at 1.8780. So from this transaction we profit of 80 points (1.8860 - 1.8780 = 80 points)
The advantage that we getWith Quantiy 10000 ($ 100) is 100x80/100 (leverage) = $ 80 (profit)
* The calculation of profit is different between direct currency (GBP / USD, EUR / USD) with indirect currency (USD / CHF, USD / JPY). Will be discussed later.
9. Technical analysis and fundamental analysis is very important to learn to analyze price movements. Technical analysis is the analysis of price movements by looking at the previous price movement chart (5 minutes, 30 minutes, 1 hour, or 1 day ago) are usually equipped with indicators to look at price trends, and to decide when to enter the market (Entry) and when must exit the 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 small time frame to determine the price trend such as 1 minute (1M), 5 minute (5M). Because too many "waves" that can be swallowedUse a 1 hour time frame (1H) to determine trends and time frame for 5 minute (5M) to see pergerakn price. Or use the time frame 1hari (1D) to see the trend and use 1 hour (1H) to see the price movement.
Example: Trend daily (daily) are rising, get on that day do not put a position that goes against the daily trend. Look at the price movements in the time frame for 1H (1hr), when prices are down just wait for prices to bottom and bounces back up (bounce). In essence "buy at the bottom and sell at the top" buy when prices were at the bottom and sell when prices were at peak.
11. Choose a strategy that suits you. First test (back test) with a demo account for a month. See the results do provide a high probability profit or even loss probability is very large. The key to success in trading is patience and discipline to the strategy that you believe, avoid self-aggrandizement and fear and avoid impetuous sense to immediately avenge the defeat.
12. In trading use at most 10% of the equity that you miliki.Misal money in your account Marketiva 100 USD. Use at most 10 USD for trading. Always put sotp loss of 5% of the equity to limit losses. And know when to enter the market and when to exit the market.
13. Continue to learn and Increase your knowledge in forex trading Learn the strategies of other traders forum2 and learn money management, learn about trading psychology, 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 in following forums this forum. Free! and a clear knowledge you will be growing with a lot of discussion and reading artikel2 them.
To find a forex forum on the internet or other information about your forex live enter the words "forex forums", "forex trader groups", "forex trading" or "fundamental analysis" into the search engine to look for it. Thousands of the amount of information available on forex. Stay You choose and live your willingness to come forward and learn.
2. Trading in the Asian session usually not too show the movement of prices (flat).Prices usually start to move when entering the European session (14:00 GMT) and the peak movement usually occurs during the American session opened at 19:30.
3. U.S. economic news while session is opened (U.S. Open) are usually highly anticipated market participants / traders. Because price movements can be up to 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 just select!
4. Economic news (economic indicators) that are important and greatly influence price movements, such as news of the Non-Farm Payroll (NFP), Gross Domestic Product (GDP), Trade Balance, CPI, higher interest rates etc.
Download here DOWNLOAD economic indicatorsTo view the news schedule (calendar) that the economy will be issued seehttp://forexfactory.com and http://dailyfx.com
5. The currency is the most frequently traded currency pairs like GBP / USD, EUR / USD, USD / CHF, USD / JPY. This currency is chosen because its movement is very volatile.
6. If the GBP / USD and EUR / USD is in a state of "down trend" is usually USD / CHF and USD / JPY is in a state of "Up Trend". But if one day the price is moving is not an opponent as mentioned above, you must be careful to put the position (entry) on that day.
7. CurrenciesGBP (Great Britain Pounds Sterling) currency of the UK, EUR (Euro) currencies of European countries, USD (United States dollar) currency of the United States, CHF (Swiss franc) currency of Switzerland, JPY (Japanese Yen) currency Japanese state funds.
If the GBP / USD =- 1.8541 means that 1 GBP = 1.8541 USDIf the EUR / USD = 1.2778 means that 1 EUR = 1.2778 USDIf the USD / CHF = 1.2250 means that 1 USD = 1.2250 CHFIf the USD / JPY = 114.50 means that 1 USD = 114.50 JPYOr a simple example:If USD / IDR = 9800 means that 1 USD (dollar) equal to 9800 IDR (Rupiah)
Strengthening and weakening currenciesSometimes there are still many people who read it upside down, where a strong currency and which currency weakened yan. If the GBP / USD moves from 1.8540 to 1.8590 price (up). So this means the GBPUSD has increased 50 points. Against the currencies masing2; GBP experiencing "strengthening" of the currency is USD experiencing "weakening" of the currency. Because the value of the dollar (USD) needed to buy the GBP is the greater of 1.8540 to 1.8590 per 1 British Pound (GBP). In short the value, the value of the more expensive pound against the dollar.
Examples easier eg the dollar against the Euro USD / IDRIf the EUR / USD moves from 9500 to 9900 prices (up)This means that the price moves 400 points (... Wow!). Against masing2 currency; CAD experience "strengthening" of the currency is USD experiencing "weakening" of the currency. Because of the Rupiah (IDR) is needed to buy Dollar (USD) the greater, from 9500 to 9900 per 1 dollar (USD). In short the value, the more expensive dollar value against the Euro.
8. As you already know that in Forex trading technical term is "Two Ways Opportunities?" That transaction in FOREX can be done by way of 2-way in taking advantage. When the price trend is up then the transaction is done by taking a position BUY (offer). Being when the price trend is down then the transaction is done by taking a position SELL (bid). For example:
Position BUY (offer)We see the price of GBP / USD is experiencing a rising trend (up trend)Once we analyze we decided to conduct transactions (open position) is "BUY" with quantity 1000 ($ 10) when the price of GBP / USD has 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 start 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 gain 90 points (1.8640 - 1.8550 = 90 points)
The advantage that we getWith Quantiy 1000 ($ 10) is 10x90/100 (leverage) = $ 9 (profit)
Position SELL (bid)We see the price of GBP / USD is experiencing a down trend (down trend)Once we analyze we decided to conduct transactions (open position) is "SELL 'with quantity 10000 ($ 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 moves down and hold until 1.8780. we see prices start to move slowly. And has touched the line of strong suppot. We decided to liquidate (close) our position at 1.8780. So from this transaction we profit of 80 points (1.8860 - 1.8780 = 80 points)
The advantage that we getWith Quantiy 10000 ($ 100) is 100x80/100 (leverage) = $ 80 (profit)
* The calculation of profit is different between direct currency (GBP / USD, EUR / USD) with indirect currency (USD / CHF, USD / JPY). Will be discussed later.
9. Technical analysis and fundamental analysis is very important to learn to analyze price movements. Technical analysis is the analysis of price movements by looking at the previous price movement chart (5 minutes, 30 minutes, 1 hour, or 1 day ago) are usually equipped with indicators to look at price trends, and to decide when to enter the market (Entry) and when must exit the 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 small time frame to determine the price trend such as 1 minute (1M), 5 minute (5M). Because too many "waves" that can be swallowedUse a 1 hour time frame (1H) to determine trends and time frame for 5 minute (5M) to see pergerakn price. Or use the time frame 1hari (1D) to see the trend and use 1 hour (1H) to see the price movement.
Example: Trend daily (daily) are rising, get on that day do not put a position that goes against the daily trend. Look at the price movements in the time frame for 1H (1hr), when prices are down just wait for prices to bottom and bounces back up (bounce). In essence "buy at the bottom and sell at the top" buy when prices were at the bottom and sell when prices were at peak.
11. Choose a strategy that suits you. First test (back test) with a demo account for a month. See the results do provide a high probability profit or even loss probability is very large. The key to success in trading is patience and discipline to the strategy that you believe, avoid self-aggrandizement and fear and avoid impetuous sense to immediately avenge the defeat.
12. In trading use at most 10% of the equity that you miliki.Misal money in your account Marketiva 100 USD. Use at most 10 USD for trading. Always put sotp loss of 5% of the equity to limit losses. And know when to enter the market and when to exit the market.
13. Continue to learn and Increase your knowledge in forex trading Learn the strategies of other traders forum2 and learn money management, learn about trading psychology, 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 in following forums this forum. Free! and a clear knowledge you will be growing with a lot of discussion and reading artikel2 them.
To find a forex forum on the internet or other information about your forex live enter the words "forex forums", "forex trader groups", "forex trading" or "fundamental analysis" into the search engine to look for it. Thousands of the amount of information available on forex. Stay You choose and live your willingness to come forward and learn.
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