As the saying goes "the repetition of the mother of learning", so we repeat the basics of trading on Forex. Everybody who wants to learn currency trading, study the patterns of changes in exchange rates and learn how to make - this article is written.
In order to begin to participate in the currency of sale, you must have: a certain knowledge, Internet access, a computer and a special program - terminal for trading MetaTrader 4.
To be a successful trader you need a special knowledge to learn the basics of life such as trading - Forex for Dummies , to be able to analyze the Forex market. Theoretical knowledge must be combined with practical training on a demo account, without material cost and risk, which will soon understand all the intricacies of the foreign exchange market.
After downloading and uploading software application MT4, you need to study it. You must read the instruction manual. Soon see that for trading platform MT4, you are on the real currency market, graphing different currency pairs. Which optionally can be presented in the form of candlesticks, bars or straight line.
Being in the real market, it will be easier to learn the following: graphic analysis of currency pairs, opening long and short positions, profit-taking and reduction of losses, working with technical indicators.
Participate in the Forex market: commercial banks, state banks, brokerage firms, pension and investment funds, foreign exchange and private investors. Anyone can become a member of the international currency market.
Forex trading is not terminated and the clock. Decided to allocate the foreign exchange market trading session on regions, which account for almost all of the foreign exchange transactions, namely: European, Asian, Pacific and American. The most aggressive are the American and Asian session.
Basic definitions:
Forex Traders - speculators trading currency. In the examination of the operations most difficult - is forecasting developments in the foreign exchange market. If a trader knows how exchange rates will change, in which direction the market will probably go, then he has a good opportunity to trade currency. How do I know this?
Novice traders need to learn the basics of technical analysis, which is based on the time charts.
The basic concepts of technical analysis:
Tick - a change of sale currency pair;
Point - minimum value change in exchange rates;
Price discovery - the starting price in the time period;
Minimum price - at least in the quotes will meet over the period;
Max price - met up in the quotes over the period;
Closing price - the price at the end of the time period.
All of the above - that's the time period prices. To learn more information, build timelines. Consider the following types of charts: line, candlesticks and bars.
In order to begin to participate in the currency of sale, you must have: a certain knowledge, Internet access, a computer and a special program - terminal for trading MetaTrader 4.
To be a successful trader you need a special knowledge to learn the basics of life such as trading - Forex for Dummies , to be able to analyze the Forex market. Theoretical knowledge must be combined with practical training on a demo account, without material cost and risk, which will soon understand all the intricacies of the foreign exchange market.
After downloading and uploading software application MT4, you need to study it. You must read the instruction manual. Soon see that for trading platform MT4, you are on the real currency market, graphing different currency pairs. Which optionally can be presented in the form of candlesticks, bars or straight line.
Being in the real market, it will be easier to learn the following: graphic analysis of currency pairs, opening long and short positions, profit-taking and reduction of losses, working with technical indicators.
Participate in the Forex market: commercial banks, state banks, brokerage firms, pension and investment funds, foreign exchange and private investors. Anyone can become a member of the international currency market.
Forex trading is not terminated and the clock. Decided to allocate the foreign exchange market trading session on regions, which account for almost all of the foreign exchange transactions, namely: European, Asian, Pacific and American. The most aggressive are the American and Asian session.
Basic definitions:
Forex Traders - speculators trading currency. In the examination of the operations most difficult - is forecasting developments in the foreign exchange market. If a trader knows how exchange rates will change, in which direction the market will probably go, then he has a good opportunity to trade currency. How do I know this?
Novice traders need to learn the basics of technical analysis, which is based on the time charts.
The basic concepts of technical analysis:
Tick - a change of sale currency pair;
Point - minimum value change in exchange rates;
Price discovery - the starting price in the time period;
Minimum price - at least in the quotes will meet over the period;
Max price - met up in the quotes over the period;
Closing price - the price at the end of the time period.
All of the above - that's the time period prices. To learn more information, build timelines. Consider the following types of charts: line, candlesticks and bars.