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Thread: Forex School

  1. #1
    Intraday Master
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    Default Forex School

    Dear Admin/Moderator I asked for permission to open this thread.

    I hope this Thread can give our more education about forex trading, strategies, analysis, money management and so on.



    Introduction


    What is a Forex Trading
    Forex Trading is trading currencies from different countries with each other. Forex is short for Foreign Exchange (currency of exchange). An example of a forex trade is to buy the Euro (European currency), while simultaneously selling USD (American currency), can be abbreviated as EUR / USD.

    Forex Market
    Unlike the traditional market, because here who traded currencies are the market (where the merchants / traders buying and selling) is called the forex market. Who are the perpetrators of this forex market? very diverse: can a bank (main), large corporations, countries, institutions, speculators, etc..

    Given the scope and the culprit is global / worldwide, market / forex trading this looks to be very interesting, why? Because it makes the forex market became the largest money market (4T $ / day), and very liquid (can buy and sell with such rate in the market regardless of the amount). Plus, this makes the forex market is open 24 non-stop, so that we can trade anytime, we adjust our spare time.

    Unlike traditional markets, the forex market has no physical location in particular, almost the majority now of Commerce, this is done through an electronic network. So the transaction process can happen quickly and in large quantities anyway. With the development of internet technology (electronics) it will be very easy for new individuals to trade forex online.


    The purpose of Forex Trading
    Market conditions and the price moves in the forex market is very dynamic, it can change at any time quickly, in response to events both economic events, politics, war, disaster, etc. Especially for countries with advanced economies and strong, there is little sensitive information, then the price of its currency could move up and down.
    This is seen by traders as an opportunity and a chance to make the trade. So simple forex trading goal is to achieve a profit or gain of magnitude.


    Forex Trading Opportunities
    Internet has made ​​a lot of revolution in world trade, as well as a very strong influence in the world of forex trading. With the internet, it is now the forex can be done by anyone. If the first can only be done by big players (banks, state, institutional) now, with more and more popping and online retail forex broker, you and I can trade forex online with ease and with a small capital. Even to try trading with simulation is also very easy that is by trading with a demo account facility of the broker.

    Forex risk
    Forex like a double-edged sword. With forex can make us rich quick, but the reverse can also instantly mengikikis depleted our capital. Do you consider forex as an investment or as a regular trade, forex obvious risk factors eminence. So understand completely the risks in forex and do not let one step.

    conclusion

    -Special trade forex currency of the country.
    -Forex is the largest financial market and most liquid in the world.
    -Forex can be done anytime, 24 hours a day Monday s / d Friday
    -Beginning of the New Zealand and Australian market hours 5:00 to 14:00 pm,
    -Then to the Asian markets of Japan, Hong Kong and Singapore at 7:00 a.m. to 16:00 pm
    -Then to the European markets of Germany and England at 1:00 p.m. to 22:00 pm
    -Up to the American market hours 20:00 to 5:00 (the next day).

    With the recent developments (Internet) then forex trading can be done online (anywhere).

    Forex can quickly make you rich or poor.
    Because of this a big risk, you should completely understand forex wiser and completely before you decide to jump in it.

    - - - Updated - - -

    Who are Important person/system in forex trading?

    In general, the forex market actors from various groups, including:

    Banks and financial institutions are the most active participants in the forex market. In it there are banks swata /large. and they are dealing with a bank or other financial institution to ask the foreign currency exchange rates and currency they can buy what they need in the forex market.
    So the bank is very dominant in perdangan currency, so there is referred to the Interbank market (interbank market) is a market where the big banks to trade among themselves. And the price or deal there will also determine the price of a currency as well-seen by individual traders like us, on your computer screen. Because the forex market is not centralized alias Decentralized, then it makes sense to see a bank with other banks have little difference in the change them.

    Government, is the most influential performer forex. In many countries, government representatives could be seen on a central bank that is the length of the hands of the government in the exercise of discretion. So generally they have a plan in case of monetary policy. And as we know, the budget expenditure of a country is very large and covers between countries and continents. So contribute for a government of the country is very influential in the forex market. [articularly by government with dominant economic / adi top.

    Brokers, forex brokers are able to form the enterprise, institution, agency, or individual where he was standing to bring between sellers and buyers. View function is, of course, this forex broker has been around since ancient days. And now look at the development of economic inter connections between countries, the communication technology (internet) then forex brokers (online) the more in this world.
    With the advent of retail forex broker, they will go ahead and organize the request trading with a small volume (individual) to the broker / institution / larger. and now eventually all requests can be accommodated trader in the forex market a large and massive. So we have to go through a broker if you want to do forex trading online.

    Multinational Enterprise, Business, etc., they participate in the forex market because they need foreign currency for their trade in other countries. As example, a company based in the United Kingdom should use the forex market to buy the currency they need to pay their partner firms in other countries that sell heavy equipments.

    Speculators, they used to be in there bodies or private enterprises engaged in financial (development funds) and they usually also have the ability finasial unlimited. sso, speculators are trying to earn money as much as possible and as soon as possible from the trade market. one of the most famous speculator George Soros possible. Milioner well-known conjecture on the decline of the British Pound monetized 1.2 a billion dollars less than a month! Some critics say that such people are responsible for the Asian financial crisis of the late 90's.

  2. #2
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    this thread realy realy help me to know more how to trade with maximum capacity in forex trading, I know some forex trading especially newbies is hard to earn profit in forex trading. so this info very help me. thanks

  3. #3
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    Some of the advantages in online forex trading as compared to trading or other investments are:

    high liquidity.
    Whenever you want to sell, you can be sure that there will always be a buyer for it. In essence, the results can be immediately executed transactions and profits can be realized. It is not the same as stock trading market or other types of trading portfolios. In the forex market scale is a big but, even in comparison with the largest stock exchange headliner even as the American stock market.

    Profit opportunities in the 2 direction.
    In a good forex trading when the currency pair weakened or strengthened we can get a chance to profit. With long positions, then traders expect the currency will strengthen. In contrast to the short position, the traders expect the currency will weaken, so it does not matter up atatu down, traders can still make a profit.

    example:
    Currently Eur / Usd 1.1750 / 1.1753, you agree that the euro will rise to around 1.1780, then you open a buy position (1.1753), over time the price goes up and the position has been transformed into 1.1780 / 1.1783, do closed position (1.1780) then you a profit = 27 pips.

  4. #4
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    trading for today 18 August 2014 for GBPJPY

    18Agus2014

    Buy 3rd Target (Strong Buyy) @172.21
    Buy 2nd Target (Reversal Pattern) @171.89
    Buy 1st Target @171.53
    Buy Area @171.32
    Pivot LOevel @171.11
    Sell Area @170.89
    Sell 1st Target @170.68
    Sell 2nd Target (Reversal Prattern) @170.32
    Sell 3rd Target @170.01

  5. #5
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    The forex market is open 24 hours non-stop, 5 days a week.

    Many trade market in the whole world which is located at the site and continue to operate within a tight trading hours, often limited to only five or six hours a day between Monday and Friday. However, the Forex market is open 24 hours a day, only on Saturday and Sunday market close.

  6. #6
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    Default

    Quote Originally Posted by malacha101 View Post
    Some of the advantages in online forex trading as compared to trading or other investments are:

    high liquidity.
    Whenever you want to sell, you can be sure that there will always be a buyer for it. In essence, the results can be immediately executed transactions and profits can be realized. It is not the same as stock trading market or other types of trading portfolios. In the forex market scale is a big but, even in comparison with the largest stock exchange headliner even as the American stock market.

    Profit opportunities in the 2 direction.
    In a good forex trading when the currency pair weakened or strengthened we can get a chance to profit. With long positions, then traders expect the currency will strengthen. In contrast to the short position, the traders expect the currency will weaken, so it does not matter up atatu down, traders can still make a profit.
    In the forex trading business there are opportunities for us to trade on the both sides. When a currency pair is moving up then we can buy that currency pair and then when it reaches its top then we can close that trade in some profits.

    Now if the currency pair starts a downward movement then we can sell that currency pair and then we can hold it for some time so that it bottoms out and then we can make a decent amount of profit from the trade.

    In this way we can make more money and since the only thing that is required is to be able to identify the top and bottom levels so that we can make most of the profits.

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