Currency Trade Pro

for those of you who are still beginners in the forex world and you ask questions, how do we do forex trading? The answer is easy. Even with just a few minutes of exercise would have been basically understood. But again we’ve ever written in the article the previous article. That playing the forex is easy, do a hard victory.

Basically playing the forex is to predict a currency pair to rise or fall in value. And the confidence of the predictions that we achieve in open position / trade. And in forex there are only two kinds of open positions. Namely
1. BUY / BUY / LONG: predicting value pair INCREASED
2. SELL / SELL / SHORT: predicting value pair DOWN

In order to be clearer, see the illustration below.

1. Handoko entrance in a position to BUY EUR / USD at 1.3000, after a certain time
Handoko SELL (CLOSE) at 1.3064 then Handoko gain profit 64 pips / point (the smallest unit in forex).

If Handoko SELL (CLOSE) in 1250, Handoko suffered a loss of 50 pips

2. Erik entered in positions SELL GBP / USD in 1500, after a certain time
Erik BUY (CLOSE) in 1400 then Erik gain 100 pips / points (the smallest unit in forex).
If Erik BUY (CLOSE) in 1650 then Erik loses 150 pips

Note, if you look in the application:
* Rates are used when OPEN BUY / LONG is the purchase price (ASK) and the prices used when you close / liquid is the selling price (BID).
* Rates are used when OPEN SELL / SHORT is the selling price (BID) and the prices used when you close / liquid is the purchase price (ASK).