1. Organization
This may seem obvious, but that many new traders do not have the knowledge of the different regulators could exist. If you are using one of the Forex, you must ensure that this company is organized and legal. You should also drew attention to the place where the legislation of this company, this is one of the things that most people overlooked. Generally, you should be looking for state legislation known as the welcoming investment (at least in regard to the laws).
A famous places in Altharih is the "Cyprus", and the reason for this is that the Cypriot authorities more smoothly with respect to the laws of trading in the Forex market. When the legislation there, you can say that you have legislation in the countries of the European Union, and is true in terms of technique. But you can say that you have the legislation in "North America" by enrolling in "Mexico", and applies the same strict protections they receive in the United States or in Canada. Logic sees folly in this debate.
2. Chart
Believe it or not that not all companies offer forex chart the price movement in the Forex market. This problem started shrinking slowly, but there are some who do not provide these fees, and they usually provide "electronic communication network", and sell some additions to the graph, such as "Ninja Tryder." The provision of the graph is a proper indication of the credibility of the company Forex, and failure to provide this is a sign that this company is less reliable than its competitors.
3. Currency pairs
Did not provide all the same Forex currency pairs. Displays some 100 pairs, while others may offer 20 pairs of couples only rolling stock, for example. Which couples a surprise for everyone this topic is the currency pair CAD / JPY, as that since the Canadian dollar and Japanese yen are two of the major currencies, the majority of traders assume that the pair will be displayed. Will vary all the Forex, and for this it is important to review the minutes of the pairs displayed, The last thing you want to do is quickly close the account because of an error stray.
4. Power
Depending on where you live, the force may vary. Power gives you the ability to trade large amounts of currency against a small deposit. Some Forex firms offer the strength of up to 700:1, and depending on your trading style, this may be a useful force or bad.
Through 700:1, you can control the amount of $ 700 for every one dollar you deposit, and for this reason it is possible to increase the power of your revenue in the market, and your losses as well, power is something that should be used in moderation.
Should also be aware that regulatory authorities in the United States has recently reduced the value of the power that the U.S. can use to 50:1 to 20:1 and the main pairs of intersections.
5. Daily
When you learn trading in the Forex market, it is useful or you have the daily technical analysis of the Forex market that can read and understand. Some companies, Forex very generous with what they offer in relation to such matters, and many of them today they employ professional technical analysts who send newsletters on a daily basis, and is very useful for the new trader.
When you search for a company doing business along with FX, do not forget that this company found customer service, and it is useful to look at the market, as is the case with any other purchase. These companies deliberately to the intense competition in many of the properties, and through a little research you can get much more than aware.
Day trading in the ForexUnlike the local markets in which they are trading in specific time frames and according to the national agenda of certain, the Forex trading can be done over time, which means that you will have plenty of opportunities to trade in your own time, regardless of when it will happen time. Day trading in the Forex is 24 hour, and starts a week from the time the fifth Forex pm Sunday (Eastern Time for the United States) and ends at 400 on Friday night. So you have the opportunity to design a strategy Forex that fits your lifestyle.
High liquidity and returns dailyForex market is a high market liquidity, which essentially means that the currency pairs of your own will support because of a large number of traders of other participants. Returns that are produced in every day in the Forex market is much larger than the revenue produced by other markets. For example, the daily returns in the stock market of about $ 25 million, while the Forex market is trading at $ 3 billion.
The importance of transparencySince the Forex market is very transparent, the you can trade in this market at the same level it traded just the major institutions, such as investment funds and major banks. Because such a large market such as forex market, one that can not control Berqamh.As a result, you can go to each day of trading in Forex with confidence that you will not experience any major changes abruptly.
Major currenciesYou should be aware also that the major currencies that are dealing with it every day in the forex market accounts for 85% of the volume. These currencies are the U.S. dollar, euro, British pound, Swiss franc, Canadian dollar, Australian dollar, Japanese yen and the New Zealand dollar. But you should not live in one of these countries that deal in these currencies in order to participate in Forex trading, but you have to monitor the movement of these currencies during the trading day in this market.
Relationship with other marketsAlthough Forex is independent of all other markets, you will discover that his relations with her, and is something which may be useful if you have knowledge of other markets. For example, the online Forex currency market significantly, if the value of index "Dow Jones", will increase the value of higher-yielding currencies, such as the euro and British pound, while the low-yielding currencies will be worth less.
Fees and expensesWill not bear any expenses directly through Forex, but you will bear the expenses by the proliferation and extension fees ... Etc..For example, you may earn or pay for to keep some open positions on your trading in the Forex to the other day, depending on the comparison of interest rates of the currencies involved.
The possibilities offered by the Forex is not unprecedented in the financial world. What is the other place where you can interact with the most influential financial institutions in the world, at the same time when the global trading currencies that move financial markets? What is the other place where you can conduct millions of dollars in the presence of only a few thousand in your account?
But, like everything else in life, the two sides of the coin. Forex market is considered one of the most volatile markets, where the currency is moving constantly to the point that it may not settle at all. And with the fact that this may mean more profits, but it also means, and in many cases, more risk. In addition, the thing that attracts a lot of people to the Forex market, a trade on a margin, which may in turn often to the cause of failure.
If you do not succeed at first ....
There is only one way to avoid errors Forex dangerous, and that method is the willingness to confront them. You must prepare yourself for the process of trading in Forex, and there are several ways to do so. Two most important Tdjalanc sure you're ready to participate in the trading arena, the two learn and practice forex trading.
I think that education and practice are two things people do on any of them before entering into any new challenge, but the commanding amplifier when we talk about risk money in an attempt dangerous.
So, how to learn, and how to exercise trading in the Forex? The answer in two terms: the Internet and Forex demo account. Learn about Forex from the Internet by reading the many and continuing then use the search engine "Google", and look for words such as Forex, and "Forex Education", "Forex", "Brokers" and all other words related to the education of Forex. Read the first three pages of search results, and then looking for more. You will discover in a short period you can not read fast enough, as the Internet contain sources of endless Forex education, Forex and scope of topics is scattered widely on the Internet.
Practice leads to perfection
After you feel that you have become accustomed to Forks, and that you are accustomed to terms such as "platform MT4", and technical analysis, vibrations Forex, Forex and strategy, and stop loss points, and points to collect the profits, and many others, then open a forex account a pilot.
Looking for a company famous for Forex can be traded on its way, and open a demo account with them, and then to trade very much. Attention to good results, and remember that it is only when you see the profit is fixed, you can think of to turn to account forex demo account Forex real.
Always remember that the Forex demo account is not a real account, it is not true with respect to pressure you feel, and not true with regard to emotions, and it is not even a real experience with actual trading. Some companies use different services for forex accounts for the experimental Igraúk to do to open a real forex account at your convenience, based on false information that will get them through a Forex demo account, which they present to you.
Be careful and know yourself and know your strategy. Only then, after doing all of the above for a period of weeks, months that were not, you can open a real forex account.
Differences in market
Many consider these deaths as the Forex market traders are smelted in which all major international developments, due to the absence of any other market responds to these developments is the largest and fastest of the Forex market. In addition, Forex offers a number of differences from other markets, such as the stock market and commodities. For example, the Forex market is held in the central area you view the daily exchange rates, Instead, all transactions occur through either a telephone or office networks or e-banking market.
Sector speculation
You will discover that there are two main reasons produce large returns in Forex day up to about $ 3 billion a day. Sector, speculation is responsible for about 95% of transactions in Forex, which is for profit only. This element, which includes investment banks and large banks, companies and individuals, is revealed to the artificial rates using the daily exchange rates for the production of profits from price movements.
As a result, you may be amazed when you discover that the majority of trading in the Forex is speculative in nature only. In fact, the needs of the currency converter in the States and the business, producing only a small percentage of the total activity of the market and their impact on exchange rates.
Foreign sector
Foreign sector is responsible for the remaining 5% of Forex transactions, and the result is a global business to sell and purchase materials and products abroad, as well as the needs of the currency converter. This section of traders: import and export companies, governments and other investors who need to exchange transactions.
Performance of the work of these organizations directly affected by the oscillating movement of domestic currencies, foreign currencies, or works that are used daily currency exchange rates.
Current economic events
Economic factors include economic conditions and policy making. For example, it is possible to affect a government directly in the interest rate offered by the central bank through the provision of new financial policies. May be the major impacts of these things on their currencies, as investors baptized to follow the high yielding currencies. If the announcement of such a thing, you can monitor the effects on the currency related to the follow through Forex fundamental analysis.
Political influences
If what happened there is political instability or revolution in a country, it will have a significant negative impact on the economy of that country and its currency, and an example of the revolutions that occur in the Middle East, particularly the January 25 revolution in Egypt. The result, more than developments of aversion to risk, and you will certainly notice the depreciation of the currency against other currencies affected by studying the daily currency exchange rates.
So when you talk about learning forex, depends on the level at which topic you want to learn. Naturally, you must learn the basics of currency trading and professionalism above all. But after that the person learns how the sale and purchase and use of learning platforms offered by the Forex, then you must determine what is the currency that you want to trade, and more importantly, why? If people wish to trade in Forex randomly without learning forex and work according to a particular system, it is best to donate this money to charity. At least, will feel a good sense of when those funds disappear.
Where to start?
You can succeed in trading in the Forex market is to enroll in Forex, Forex by learning autonomously, and there is no guarantee that if you join a training course, you will bring more money. But there is science in the Forex market, and a training course helps you understand the science better, and will improve the chances of achieving your money.
You should be able to read the tables, and to understand the basics provided by you to the news. There is an abundance of training information available on the Internet, some of them good, and others are not. Should not take a lot of time in order to determine what is good for you. And it depends also on the level of experience in the Forex market, there are some Forex courses designed for certain levels, some of which are for beginners, while the other is for professionals. As is the case in any other profession, learning forex does not stop at a certain point.
Where do you learn?
Make a lot of big companies, Forex training courses on their websites. In addition to the existence of quotas are written, provides many courses registered under the title of learning Forex. As with everything else, when you learn Forex trading, you must be placed in the context of the reality of trading. And there may be in some cases, something like: a lot of information.
If you are a trader in the Forex, there is always the possibility that become stagnant in terms of knowledge of the markets. Must keep pace with time, and to be able to winnow out the available information is easy. Money or what you know you know it, may determine the degree of your success or your failure in the Forex market.
Make sure to give yourself some time for trading in Forex, because the world's information will not be useful without practical application, in the end, this is the reason you are learning. Learn Forex is a wonderful thing, but its value does not appear to when actual trading.
Select a course that suits your level of experience in the market, and layer in the trading in Forex. You will find yourself abreast of things automatically, and the integration into the trading by the day.
You can also say that the momentum indicator is the tendency of the market for a certain period of time. For example, the euro is falling against the dollar, and we call this "downward momentum", where the market is moving towards the lower pair. Assistance obtained through the correct cursor will certainly help you through the process of trading through the application of the index on multiple time frames during the trading process. And this helps in the process of supporting the entry and exit points in the plan you use.
Your first Batakhtbarha
Remember that you need to use momentum indicators after the test is appropriate, and in conjunction with strong trading plan. Do not use indicators that were not familiar with the main characteristics and the main reactions to different market conditions during the trading day standard.
Some may not be trading indicators are useful, for example, during periods of great volatility, and vice versa. Therefore, proper understanding and study of good tools that you apply to the plan in Forex trading, is essential. May use the momentum indicator forex currency pairs like USD / EUR, or for a particular currency or commodity certain key, such as the U.S. dollar or gold, for example.
Traders may use some momentum indicators as well as to identify a specific trading range. As is the case in the trading range, the momentum indicators Forex or activity will help determine the strength and the payment that the trader may trade on the important movements in the range, or even try to determine an exit point that may lead to a merger between the number of points.
Groups most commonly found are used in coordination with the (medium-scale real) or (moving average), in terms of an ideal is possible to identify some of the excellent trading settings using these tools. We therefore reiterate that he must test any new Forex strategy well before entering live trading.
A common reason for placing an order to collect the profits, is that you expect the market to a dispute against your position in a particular area. For example, you may find that there is a significant resistance area in front of your purchase order, and it is expected that the very cause you problems. When unable to determine this clearly, you might want to develop is to collect the profits.
Decide which factors you need to develop is the collection of profits
One of the important factors that determine whether you will develop such orders, is to trade with or against the general pattern. If you are trading with a long-term pattern, it may not be ordered to collect profit wise, because it may lead to reduced profits before the end of the movement. In fact, when trading with the style, the smartest things you can do is to allow the trade to move to the maximum extent possible. If you get the profits at a certain level, you deprive the trading process of its full potential.
But if you reverse circulation pattern, the situation is the collection of profits is the very act logically, and that because of the tendency of the steadfastness of the pattern over time. For this reason, you may encounter greater resistance against your position when approaching these areas. This is a simple action with full force and weight of the market in the opposite direction to you. When the reverse circulation mode, it is better that you get the profit and come out when they are in the foreground, because the patterns tend to persist for years in the Forex markets, and movements may occur suddenly in their favor.
When you place this command, you identify any potential revenues from the trading process, and there is no real way to circumvent that order, and for this it is something you think about it before its implementation. And when there should be such orders, you must be in certain cases where you are trying to get quick profits and get out of the market as quickly as possible.When you trade with the general movement of the market, you owe it to yourself to allow for the trading process development in the long term. By keeping this fact in mind, you will discover that you are supposed to be able to stand on the right side of the fence with regard to these orders.
