Skip to main content

What is Forex?

                   Interested in trading on Forex? Then learn a few rules of working with it.

     During regular walks through the Internet each of us visited the idea of ​​earning on the web. Advantages of the Internet is obvious: there is no attachment to the workplace, there is a disaffected and envious chief of staff, revenue, which depends only on your abilities and the free time that you can devote to anything. Work at Forex (Forex) has successfully met all the advantages listed above.

     So what is Forex? This is the foreign exchange market on which to buy and sell currency. 24 hours a day, 5 days a week. Saturday and Sunday - the weekend. Forex has been operating for over 40 years, which can not fail to trust in him.

     English abbreviation: FOREX - FOReignEXchange operations, translates roughly as currency exchange or foreign exchange operations. Income from market activities is the difference of the sale and purchase of currencies and not only exchange (stocks, gold, oil, for example). It is believed that trading on Forex varies from deposit money, but there is considerable risk of losing everything.

     Beginners in Forex will not be easy. It is necessary to start, read the rules, risks, opportunities, terms. And advice from experienced traders should not be ignored. But this may not be enough.

     It is necessary to start trading with the help of training programs where you can without losing your own money to gain experience and necessary knowledge. Do not be too sure of themselves, do not neglect training. The first failure may discourage, if not forever, then for a long time. Base to start working with a real account should be stability indicators for the month on a demo account. Working with real money is not rare player drives into a stupor. Therefore dismisses the panic and fear of the unknown and learn.

     Another important point is the study of the history of the Forex market. But even long-term observations can not guarantee beginners luck or profit. Market analysts can only give forecasts for the currency price behavior, which are often not met. Approximately three years of experience will allow you to trade Forex decent money. Tales of the ease of trading, distributed all over the web, it is a myth. Only intermediary earns always, regardless of your successes or failures. 

Comments

Popular posts from this blog

Pin Bar Trading Strategy - Price Action Setups

Pin Bars - Price Action setups The tops of the bars on each side "nose" are the "eyes". Please note that Open and Close PB, ie nose should be in the redistribution of the left eye. Pin-bar can be traded as a single figure, and in combination with others. These include Fibonacci levels, important pivot levels (reversals), moving averages, peaks and main swing, fusion (the MA or Fib levels), rollbacks of current movements (not less than 23% Fib). For greatest reliability worth trade PB occurring at the maximum or minimum swing, or repelled from the merger. Figure 2 PinBar - a very reliable pattern Price Action. Trading on the pin-bars For beginners we recommend to put a stop order (or limit) directly under the base of the PB, about 10 points lower. Foot and input orders should be placed in 10 locations from the extrema, as the price may be a bit to go beyond the maximum or minimum. Figure 3 If current orders we receive profits, trail the

Leverage Forex, what is better to choose?

Leverage Forex, what is better to choose? So, what is meant by the definition of “ leverage Forex ”? It is the ratio of the volume with which the trader works to the total amount of funds held in the account. This ratio is designated as 1:100 (pronounced - one in one hundred). That is, having the Deposit, say, $ 100, you can trade in the amount of $ 10,000.  Values leverage Forex can be different. A good Forex broker provides leverage Forex from 1:20 to 1:500. The last option is very risky, although good traders salpingotomy and/or other aggressive trade. Optimal consider the ratio of 1:100, with the option risks:yield as balanced as possible. Special attention to the choice leverage Forex should be given to new traders. Because the maximum degree of risk in each transaction is considered to be 1-3% of the Deposit. The higher this will leverage Forex, the higher the risk of loss of Deposit. Accordingly, reducing the leverage of Forex (and, hence, the volume of trading p

Model absorption - price action setups

Model absorption - Price Action setups Because of the contrast, MP for the trader relatively high probability of a good, profitable entry into the market. Required components of the bright signal - 2 candles that follow one after the other (or bullish and bearish or vice versa). In this case, the second candle surpasses the first value of his body, as if absorbing it. Fig.1 Bullish and bearish absorption For MP important are the following conditions: 1. Presence of a pronounced upward or downward trends can be short. 2. The body of the second candle should be more (absorb) the body first. Shadows can not be absorbed, then the signal is considered to be weaker. 3. The body of the second candle should be a contrast in color to the body first. Exception: a small body of the first candle ( Dodge or close to it). Figure 1 you can see both versions of the MP. Cover only the size of the body of the second candle, not its shadows. Bear MF often represented by a small candle of any color (