2. Trade in the Asian session usually not too shows the movement of prices (flat). Prices usually start to move when entering the European session (14:00 am) and peak movement usually occurs at the time of the American session opened at 19.30 pm.

3. Economic news during the American session is opened (U.S. Open) are usually highly awaited market players / traders. Due to price movements can be 100-200 points. Always follow the economic news and analysis on world financial markets like the web site or http://www.bloomberg.com http://www.forexnews.com. It is up for you to choose.

4. Economic news (economic indicators) is important, and a lot of influence price movements, such as news about the Non-Farm Payroll (NFP), Gross Domestic Product (GDP), Trade Balance, CPI, rising interest rates etc.

5. Download the economic indicators here DOWNLOAD
To view news schedule (calendar) that the economy will be issued see
http://forexfactory.com and http://dailyfx.com

6. The currency which is the most frequently traded pairs are GBP / USD, EUR / USD, USD / CHF, USD / JPY. The currency was chosen because its movement is very volatile.

7. When the GBP / USD and EUR / USD is in a state of “down trend” it is normally USD / CHF and USD / JPY in a condition “Up Trend.” But once this price move is not the opposite as mentioned above, you shall be careful to put the position (entry) on that day.

8. Currency
GBP (Great Britain Pounds Sterling) currency of the UK, EUR (Euro) currency of the European countries, USD (United States Dollars) United States currency, CHF (Swiss Franc) Swiss national currency, JPY (Japanese Yen) currency of Japan.

When the GBP / USD =- 1.8541 means 1 GBP = 1.8541 USD
If EUR / USD = 1.2778 means that 1 EUR = 1.2778 USD
If USD / CHF = 1.2250 means that 1 USD = 1.2250 CHF
If USD / JPY = 114.50 means that 1 USD = 114.50 JPY

9. Strengthening and weakening of the currency
Sometimes there are still many people who read it upside down, whereby the currency which the currency strengthened and weakened. When the GBP / USD moves from 1.8540 to 1.8590 prices (up). So this means the GBPUSD has increased 50 points. For each of the currency; GBP experiencing “strengthening” the value of currency while USD experiencing a “weakening” the value of the currency. Because the value of Dollar (USD) required to purchase the GBP is the greater of 1.8540 to 1.8590 per 1 British Pound (GBP). In short, the values of the Pound become more expensive to the Dollar.

10. As you may already know that in Forex trading is known the term “Two Ways Opportunities?” The transaction in FOREX can be done by way of two directions in taking advantage. When trend of the prices are rising then the transaction is done by taking a stance BUY (offer). But when trend of the price is down then the transaction is done by taking a stance SELL (bid). For example:

11. BUY Position (offer)
We see the price of GBP / USD is experiencing a trend to rise (uptrend)
After we analyze we decided to conduct transactions (open position) which is “BUY” with the quantity in 1000 ($ 10) when the price of GBP / USD has reached 1.8550 (for example). It turned out that our analysis was right, a few moments later the price moves up or keeps up to 1.8640. We see prices start moving slowly. And has touched a strong resistance line. We decide to liquidate (close) our position at 1.8640. So from this transaction we have benefited 90 points (1.8640 – 1.8550 = 90 points)

12. The advantage that we obtain
With Quantity 1000 ($ 10) is 10×90/100 (leverage) = $ 9 (profit)

SELL Position (bid)
We see the price of GBP / USD is experiencing a down trend.
After we analyze we decided to conduct transactions (open position) which is “SELL ‘with a quantity 10 000 ($ 100) when the price of GBP / USD has reached 1.8860 (for example). It turned out that our analysis was right, a few moments later the price move down and hold until 1.8780. We see prices begin to move slowly. And has touched a strong support line. We decided to liquidate (close) our position at 1.8780. So from this transaction we earn a profit of 80 points (1.8860 – 1.8780 = 80 points)

13. The advantage that we obtain
With Quantity 10 000 ($ 100) is 100×80/100 (leverage) = $ 80 (profit)

* Calculation of the profit difference between direct currency (EUR / USD, GBP / USD) with indirect currency (USD / JPY, USD / CHF). This will be discussed later.

Technical analysis and fundamental analysis is very important to learn to analyze price movements. Technical Analysis is the analysis of price movements by looking charts of price movements before (5 minutes, 30 minutes, 1 hour, or one day ago) are usually equipped with indicators to look at price trends and to decide when to enter the market (Entry) and when must exit the market (Exit). While Fundamental Analysis is the analysis based view of economic development of a State.
For example higher interest rates, inflation, NFP etc.

13. Do not use a smaller time frame to determine price trends, such as one minute (1M), 5 minute (5M). Because too many “waves” that can be swallowed.

Use the one-hour time frame (1H) to determine trends and five minute time frames (5M) to see price movement. Or use the time frame 1hari (1D) to see the trend and use one hour (1H) to see the price movement.

Example: Trend daily (daily) are rising, try on that day do not install the opposite position with the daily trend. Look at the price movements in the time frame 1H (1hr), when prices are down just wait for prices to bottom and bounce back up (bounce). Essentially “buy at the bottom and sell at the top” buy when prices were at the bottom and sell at the price at the top.

14. Choose strategies that suit you. First test (a back test) with a demo account for a month. See the results do provide a high probability profit or even a very large loss probability. The key to success in trading is avoid lust greed and fear, patience and discipline with a strategy you have believed, and avoid a sense of impetuosity to immediately reply to a defeat.

15. In trading, use minimum just 10% from the equity that you have. Let say you have 100 USD at your marketiva account. Use 10 USD at most for trading. Always set 5% stop pairs of the equity to limit the losses. And know when to enter to the market and also when to exit the market.

16. Continue to learn and Increase your knowledge in forex trading. Learn strategies from forums and other traders to learn money management. Do not forget to learn about trading psychology and other things even though you always succeed in your trading.

17. Follow the forex forums and mailing lists that exist on the internet. You don’t need to pay to participate in forums like this. It’s Free! Your knowledge will be also growing with if you often do the discussion and reading their articles.

To find a forex forum on the internet or other information about forex, you could simply insert the words “forum forex “, “forex trader groups”, “forex trading” or “Fundamental analysis” into the search engine to look for it. There is thousands of available information about forex. It is up to you to choose and it is up to your willingness to step forward and learn.