Introduction to Forex
Forex is an abbreviation of Foreign Exchange. In the category of investment risk, forex trading is included in the category of ‘High Gain High Risk’, meaning that an individual trader’s profit potential for this can be very big, but also overshadowed by the risks that are not small. By considering the movement of the forex pairs that can achieve 100-200 pips per day, and the existence of facilities leverage (lever) then, although only with a capital of tens of dollars can provide potential benefit hundreds of dollars per day per trade for those traders.
Interesting is not it? However, this condition can only be enjoyed for only a reliable trader. To be able to be a reliable trader who needed adequate knowledge and hard work and practice.
If today you’re looking for a job or information about jobs that can be done from home, then forex trading can be the answer. Forex is an abbreviation of Foreign Exchange with this forex trading allows a trader to trade foreign currencies such as the (dollar, yen, pound, etc.). If previously only the big banks or rich people in the world that could come of this trade, now anyone can. And again, you already can do this from home to do the trade only with a computer and internet connection only. In other words, already can be traded online via the Internet.
Today, this flow of funds in the forex market is the largest in the world, reaching nearly 1.9 Trillion dollars a day. With a market of this size, the forex market is highly illiquid virtually (Request for selling / buying can always be served at any time). And almost all countries in the world trading forex for all purposes like to support the need of export-import economy or as the individual investment.
Here, allaboutforex.com tries to give everything about the forex world, be it a tutorial forex, forex books, forex videos, forex news, forex calendar, how to practice forex, forex broker, etc. Hope it can help you to become a reliable trader.
Potential gains and losses on forex
By considering the movement of the forex pairs that can achieve 100-200 pips per day, as well as facilities leverage (lever) then this provides the potential for enormous profits for the trader to earn profit, up to thousand dollars per day or every time a trade. However, in accordance with the motto ‘High Risk High Gain’ then any potential loss is also large. Our capital can instantly sold out in time as well. So these forex is included in high-risk category. In other words, if you are interested to pursue this business you must ensure that you have sufficient knowledge.
Learn Forex
for those of you, who are newbie to recognize forex, It’s good for you to learn it first. It is not hard to find the source and learning forex nowadays. You can find on google, you will find various articles, ebooks, and videos that you can see it all for forex learning tool.
To help you to be more quickly and appropriately in learning forex, we tried to arrange the steps of learning which might be helpful:
1. Introduction of forex world:
a. what is Forex: Know the forex world
b. How to play forex: Explaining the rules of forex trading
c. Profit-Loss: Describes the calculation of gains and losses in forex trading
2. Practicing forex with demo account:
To provide a more precise, you can start training immediately by learning to create a demo account. This demo account allows you to simulate real trading, but by using virtual money only.
3. About forex:
Deposit & withdrawal of funds in the forex, know ecurrency and exchanger.
Forex Strategy
By using a demo account that you have created, you can start practicing to learn to use forex strategy. In practice this strategy of the things you need to know and learn is:
1. Introduction to graphs and analysis:
o Charts Forex: Know the types of graphs and how to read it.
o Know the technical analysis using mathematical indicators to analyze price movements (Indicator MA, RSI, MACD, etc)
o Know the fundamental analysis
o Tips & Tricks / : some tips in forex trading
2. Adding insight:
It is very important for you to add insight and knowledge of forex by viewing the videos or books forex. In order to increase and accelerate your input in learning forex
Forex Brokers
To choose a good forex broker is not an easy thing of course. Today, there are so many online forex brokers, with the offers diverse programs and services. But credibility has not been tested. Therefore do not be too hasty to determine forex broker, see the following article to provide an overview and what factors into consideration in choosing a good forex broker. To find a list of international forex broker can be seen here
Forex Risks
The fact mentioned that 90% of forex traders ended in defeat. This suggests that to succeed in forex trading will not be easy. And forex have a very high risk. So you should really grown in the use of funds which will probably be you use in real trading. Make sure that you have advanced before you decide to trade real. Attitude to risk funds / money is not mature and will only end in vain.