Back again on the explanation of how to play forex, especially for beginners who just want to start trading forex. Here is the guide how to play right online forex trading for beginners in an easy and profitable.
Play forex essentially manage the existing capital in forex account by way of doing transactions i.e. buying or selling items that exist on the forex market.
What are the items that? the item that is in the form of a currency pair or commonly known with the Pair. For example EURUSD, GBPUSD, GBPJPY and other.
But even if you make a purchase, the item you do not hold, but only recorded in the records of the transaction your forex account.
The game of forex profit from the price difference. For example, the current price GBPUSD is 1.6580, then you buy a number of 1 lot (100,000 units). Interval 1 hour GBPUSD price rises so 1.6595, and then you close the transactions then your advantage is price difference x 100,000 i.e. of 0.0015 multiplied 100,000 = $150
To be able to profit in forex play certainly should use the science of trading, and it turns out that science is basically used to play forex traders are the same, just that – that's it. Distinguishing whether a profit in forex is MENTAL play each trader. If capable trading regularly/discipline in carrying out the strategy of playing forexnya of course the result is profit. But if it comes to be swayed by the market, meaning forget on strategies that had already been created then the result is a loss.
So if you as a person who is disciplined, then up to you to be able to profit in forex play is high enough.
The core of the stage to start playing at forex are:
Create an account forex
Arguably this stage is the stage of the forex broker list to make a forex account forex/account that will be used to accommodate your capital fund.
What is a metatrader? MetaTrader is a free place to conduct forex transactions or places to play forex. So this should install metatrader first to your PC, laptop, tablet or smartphone that will be used for forex trading.
After the forex account so, metatrader time already installed, fill in account forex with capital. This is called capital remittance process with a deposit. You can deposit using a credit card, transfer using mobile banking or cash deposit, the deposit with skrill or fasapay.
This is the essence of the transaction i.e. play forex/trading. Here's your daily activities in order to play forex profits.
Where should start if you want to play the forex? Of course must register. Please refer to the instruction page: LIST of FOREX
Please follow all stages of the forex list page, there is a complete guide to the stage of making a deposit. After the forex account so and already filled the capital, then stepped on the next stage, namely the stage play forex itself.
About how the forex transactions or how to play it like this picture:
First, you must know first that in playing the forex, you profit if:
– Transact BUY and then the price goes up, and then you close the transaction
The SELL transaction – then the price goes down, then you close the transaction
So in the play forex, we can profit from the price moving up or moving down the price, as long as the types of transactions we do right is it BUY or SELL him.
Try to notice, that in forex play it there are 3 activities performed are:
Waiting for the price go up or down
Let's discuss one by one in order to play forex activities you do the results could profit.