DESCRIPTION OF FOREX TRADING
Why do I choose forex trading?
1. Forex can be done anywhere, anytime and by anyone as long as he is not blind. A disabled person can have an income that exceeds a civil servant, people not going to school as well, as long as he knows will forex trading. Sometimes people after school are confused about what to do after this. You do not need to be confused, you can buy forex trading (buying and selling currency). I am ready to guide you, either by email, sms or directly teach you directly if you are interested. You can contact me if you are interested
2. I do not have the capital to do this. I do not have Brokers who give us free capital that we can use for trading. This is real and if you profit you can draw it to your account. The amount of free capital sebesara $ 5 or about Rp. 50.000, -. You can order with quantity 100 which means perpoint tau $ 0.01, Brokernya Marketiva.com. There are also brokers who love free capital $ 25 but free capital is given after we deposit at least $ 25. Brokers Fxind.com If we withdraw our funds usually not more than 2 hours have reached our account, that's my experience.
3. Remember this one business is very anti with a greedy name, greed will destroy everything, I've experienced it. With $ 200 in capital, in 2 hours I was earning $ 250. But because of the greed the next day I lost $ 350. This is the real experience I experienced. High risk high back!
Then WHAT IS FOREX?
Forex (Foreign Currency) that is trading foreign currency or common with Forex (Foreign Exchange). Traded on FOREX: Couple (Couple) Common currencies in the world (ex: EUR / USD, GBP / USD, USD / JPY, USD / CHF). So Forex means buying or selling one currency with another currency in order to gain profit
Illustration:
Buy EUR / USD means Buy EURO and Sell USDollar, Sell USD / JPY means Sell USDollar and buy Japanese Yen. Forex market moves and is open 24 hours (Monday pk.4 am to Saturday pk.4 am WIB) .WIB = Western Indonesia Time or GMT +7
Time zone:
Asian Time (Tokyo): 7:00 to 15:00 pm
European Time (London): 14.00-24.00 WIB
Times United States (New York): 20.00-05.00 WIB
Contract value (Quantity Contract Size): That amount is actually traded in the market. Contract size is differentiated based on Lot, that is:
0.01 lot = unit value of contract: perpoin / pips about Rp. 1000, -
0.1 lot = unit value of contract: perpoin / pips value around Rp. 10.000, -
1 lot = unit value of contract: perpoin / pips value of about Rp. 100.000, -
Leverage and Margin: it is like we borrow money in a certain amount of brokerage companies and by providing a guarantee called "Margin"
Leverage (or leverage)
Leverage there are several types in general, namely:
1: 1 means the security deposit = the contract value (100%)
1: 100 means the deposit is 1% of
1: 200 means the deposit is 0.50% of the contract value
1: 400 means the deposit is 0.25% of the contract value
1: 500 means the security deposit is 0.20% of the contract value
Illustration:
Suppose we have a deposit of $ 1000, For the transaction 0.1 lot per pointya guess $ 1 (Rp 10.000, -), then our capital will be able to hold up to 1000 points. If we do not lose 1000 points then our capital is still able to withstand losses. So If we order Buy / Sell 0.1 lot perpointnya awake $ 1 If we profit 10 point means we can profit $ 10 so also if loss. What if our capital is only $ 100? Yes of course our capital is only able to hold 100 points for 0.1 lot transactions. Or if we want our capital safe yes transaction 0.01 lot which perpoint $ 0.1 (Rp 1,000, -) which means our capital will be able to hold 1000 points. For margin If we have a $ 1000 deposit and our leverenge is 1: 500 then for USD / JPY margin we use $ 20 means free margin is still $ 980. You will not be able to order if your Free Margin rest is not enough. Therefore adjust the use of the lot with the power of your capital.
FORMULA:
movement of pips x lot x $ 10
Example: Buy 0.1 lot EUR / USD from 1.3000 to 1.3008 = 8 pips
8 pips x 1 x $ 1 = $ 8
For Indirect Currency:
FORMULA:
(open price - close price) x lot x 100.000 / close price
Example: Sell 0.1 lot USD / JPY from 122.12 to 121.08
((122.12 - 121.08) x 0.1 x 100,000) / 121.08
= $ 17.18
If the loss then the calculation is the same
Column Balance, Equity, Margin
Balance: the amount of your money that has been realized
Equity: the amount of clean money
Margin: total use of your margins
Free Margin: the rest of the Margin you can use for order
Margin Level: the percentage of equity versus your margin
Margin Call: a situation where your money drops below the required margin
The various pending orders are:
BUY STOP & SELL STOP ORDER
BUY STOP:
Ordering BUY On top of the current price is running, in the hope that if the market price moves up to a certain point, and at that point will automatically be installed Buy in the hope that the chart can move up again in order to get profit
SELL STOP:
Order SELL order Below the current price is running, in the hope that if market price move down to a certain point, and at that point will be automatically installed Sell in hopes that chart can move down again for profit.
BUY LIMIT & SELL LIMIT ORDER
BUY LIMIT:
Order a BUY Below the current price is running, with the hope if the market price moves down to a certain point, and at that point will automatically be installed Buy in the hope that after that the chart can move up so that profit.
SELL LIMIT:
Order SELL On top of the current price is running, in the hope that if the market price moves up to a certain point, and at that point will be automatically installed Sell in the hope that after that the chart can move down to profit.
Take Profit (TP): That is for your profit target
Stop Loss (SL): That is to limit your losses (cut loss)
SL should be installed in every order you, because to limit your losses so as not to get worse if your open position exposed to loss (SL ideally ranges from 30-50 pips or depending on your risk management)
1. Forex can be done anywhere, anytime and by anyone as long as he is not blind. A disabled person can have an income that exceeds a civil servant, people not going to school as well, as long as he knows will forex trading. Sometimes people after school are confused about what to do after this. You do not need to be confused, you can buy forex trading (buying and selling currency). I am ready to guide you, either by email, sms or directly teach you directly if you are interested. You can contact me if you are interested
2. I do not have the capital to do this. I do not have Brokers who give us free capital that we can use for trading. This is real and if you profit you can draw it to your account. The amount of free capital sebesara $ 5 or about Rp. 50.000, -. You can order with quantity 100 which means perpoint tau $ 0.01, Brokernya Marketiva.com. There are also brokers who love free capital $ 25 but free capital is given after we deposit at least $ 25. Brokers Fxind.com If we withdraw our funds usually not more than 2 hours have reached our account, that's my experience.
3. Remember this one business is very anti with a greedy name, greed will destroy everything, I've experienced it. With $ 200 in capital, in 2 hours I was earning $ 250. But because of the greed the next day I lost $ 350. This is the real experience I experienced. High risk high back!
Then WHAT IS FOREX?
Forex (Foreign Currency) that is trading foreign currency or common with Forex (Foreign Exchange). Traded on FOREX: Couple (Couple) Common currencies in the world (ex: EUR / USD, GBP / USD, USD / JPY, USD / CHF). So Forex means buying or selling one currency with another currency in order to gain profit
Illustration:
Buy EUR / USD means Buy EURO and Sell USDollar, Sell USD / JPY means Sell USDollar and buy Japanese Yen. Forex market moves and is open 24 hours (Monday pk.4 am to Saturday pk.4 am WIB) .WIB = Western Indonesia Time or GMT +7
Time zone:
Asian Time (Tokyo): 7:00 to 15:00 pm
European Time (London): 14.00-24.00 WIB
Times United States (New York): 20.00-05.00 WIB
Contract value (Quantity Contract Size): That amount is actually traded in the market. Contract size is differentiated based on Lot, that is:
0.01 lot = unit value of contract: perpoin / pips about Rp. 1000, -
0.1 lot = unit value of contract: perpoin / pips value around Rp. 10.000, -
1 lot = unit value of contract: perpoin / pips value of about Rp. 100.000, -
Leverage and Margin: it is like we borrow money in a certain amount of brokerage companies and by providing a guarantee called "Margin"
Leverage (or leverage)
Leverage there are several types in general, namely:
1: 1 means the security deposit = the contract value (100%)
1: 100 means the deposit is 1% of
1: 200 means the deposit is 0.50% of the contract value
1: 400 means the deposit is 0.25% of the contract value
1: 500 means the security deposit is 0.20% of the contract value
Illustration:
Suppose we have a deposit of $ 1000, For the transaction 0.1 lot per pointya guess $ 1 (Rp 10.000, -), then our capital will be able to hold up to 1000 points. If we do not lose 1000 points then our capital is still able to withstand losses. So If we order Buy / Sell 0.1 lot perpointnya awake $ 1 If we profit 10 point means we can profit $ 10 so also if loss. What if our capital is only $ 100? Yes of course our capital is only able to hold 100 points for 0.1 lot transactions. Or if we want our capital safe yes transaction 0.01 lot which perpoint $ 0.1 (Rp 1,000, -) which means our capital will be able to hold 1000 points. For margin If we have a $ 1000 deposit and our leverenge is 1: 500 then for USD / JPY margin we use $ 20 means free margin is still $ 980. You will not be able to order if your Free Margin rest is not enough. Therefore adjust the use of the lot with the power of your capital.
FORMULA:
movement of pips x lot x $ 10
Example: Buy 0.1 lot EUR / USD from 1.3000 to 1.3008 = 8 pips
8 pips x 1 x $ 1 = $ 8
For Indirect Currency:
FORMULA:
(open price - close price) x lot x 100.000 / close price
Example: Sell 0.1 lot USD / JPY from 122.12 to 121.08
((122.12 - 121.08) x 0.1 x 100,000) / 121.08
= $ 17.18
If the loss then the calculation is the same
Column Balance, Equity, Margin
Balance: the amount of your money that has been realized
Equity: the amount of clean money
Margin: total use of your margins
Free Margin: the rest of the Margin you can use for order
Margin Level: the percentage of equity versus your margin
Margin Call: a situation where your money drops below the required margin
The various pending orders are:
BUY STOP & SELL STOP ORDER
BUY STOP:
Ordering BUY On top of the current price is running, in the hope that if the market price moves up to a certain point, and at that point will automatically be installed Buy in the hope that the chart can move up again in order to get profit
SELL STOP:
Order SELL order Below the current price is running, in the hope that if market price move down to a certain point, and at that point will be automatically installed Sell in hopes that chart can move down again for profit.
BUY LIMIT & SELL LIMIT ORDER
BUY LIMIT:
Order a BUY Below the current price is running, with the hope if the market price moves down to a certain point, and at that point will automatically be installed Buy in the hope that after that the chart can move up so that profit.
SELL LIMIT:
Order SELL On top of the current price is running, in the hope that if the market price moves up to a certain point, and at that point will be automatically installed Sell in the hope that after that the chart can move down to profit.
Take Profit (TP): That is for your profit target
Stop Loss (SL): That is to limit your losses (cut loss)
SL should be installed in every order you, because to limit your losses so as not to get worse if your open position exposed to loss (SL ideally ranges from 30-50 pips or depending on your risk management)
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