Forex Basic

Forex Basic - In a simple and essentially, the goal is to achieve trading profit. So this is what will be one of the final and main goal in our learning process. However, usually without realizing it and you will get turned into a figure who is more desiplin, patient, calculating, and can control themselves well. Since you are not likely to profit that is stable without it.
 

 General Knowledge
Forex Broker, is the intermediaries who bring together between sellers and buyers. And in this case we are using is a broker which has allowed us to transact online. By using these online brokerage trading business will be very easy and simple. Usually the broker has facilitated the application where we can easily place an order.

When you can trade forex?
Trading can be done 24 hours a day, 5 days a week Monday / Friday
Starting from New Zealand & Australia market at 5 a.m. to 14:00 pm,
Then the Asian markets, namely Japan, Hong Kong and Singapore at 7:00 to 16:00 pm,
Then the European markets of Germany and England at 13:00 to 22:00 pm
To the American market at 20:30 to 10:30 pm.
With one long interval of time, you can adjust when trading with your spare time.

Pips and calculation of profit and loss
The movement of units / smallest in the forex price calculated in points / pips. The value of each point will vary according to the type of currency pairs (pair) and the type of contract.
Profit / loss = (Selling Price - Buying Price) x contract size x lot

Example:
Buy 4 standard lots of EUR / USD 1.2500 and Sell 4 standard lot EUR / USD 1.2570
Profit = (1.2570 - 1.2500) x 100,000 x 4
Profit = $ 2,800

Note: the majority of applications used for trading (MetaTrader) there is a facility that automatically calculates profit / loss. So you do not have to do it manually

Deposit / Withdraw
Deposit is a process where you fill the balance / balance to be used for trading.
Withdraw is the process where you melt the balance / balance into dollars. Deposit and withdraw it later you will experience when you have been trading with real money. For our initial learning or not memperlukannya, as most brokers already provide facilities for trading with virtual funds (toy) often called a Demo Account.

Learning Forex
Why is it called the process, the point to be able to be a reliable trader, no dictionary or a formula for sure. You have to find yourself secret is inside you. Capital nature or positive is you have to be disciplined and increasing Knowledge / knowledge. Some of the important points that you can use as a reference in increasing stages of knowledge:

Technical Analysis: Charts, indicators, time frames
Fundamental Analysis: Knowing the market, and the effects on the movement of forex pairs
Trading Psychology: How individual and psychological factors determine the future of your trading.
Money Management: Setting the balance, lot, capital, and risk calculation

Forex Risk
Forex like a double-edged sword. With forex can make us rich quick, but the opposite can also instantaneously mengikikis exhausted our capital. So that forex has a high risk factor. So understand the true risks in forex. In simple and basically, our goal is to achieve trading profit. So this is what will be one of the final and main goal in our learning process. However, usually without realizing it and you will get turned into a figure who is more desiplin, patient, calculating, and can control themselves well. Since you are not likely to profit that is stable without it.