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When Forex Close 2 When Forex Close

How to start Forex trading – General very important advice

The practical training and good understanding of price movements from techniques Press and indicators are considered the basics for training in any kind of stock market trading, so we advise you open a demo account in any business brokerage for free and start training in it, provided they have spent at least 6 months of practical training and will have many positive factors that would help to enter the Forex and open a real account below, include one of them:

1 – It is a very big mistake that many of us, to enter the field of Forex and start trading without any training or previous experience to trade really need at least 6 months of practical training.
2 – You can start training in a real account with a minimum amount of money you do not really need to add some serious work and this is better than opening a demo account you do not pay anything for her, and here are more interested.
3 – Another factor that causes the loss of trade in Forex, besides ignorance and Lake of experience, is greed, which is a very important loss factor.
4 – To decide to deposit a large amount of money you must first be:
A – Well trained practically of no less than 6 months.
b – Ensure that if you lose that money will not be much affected or harmed.
c – Do not sell their property to trade with them as your car or home, if you're starting to lose.
d – You must make a special strategy is being implemented as planned.
5 – Lake of technical analysis Tracking news and causes rapid loss.
6 – Continuous monitoring of reading and educational sites are the best means to achieve success.

We conclude that the earlier that those who decide to start forex, must be well qualified as mentioned above and have enough experience, while greed and running are its real enemies at work, if you could overcome you would have succeeded.

There are many tools that can help you make the right decision trade in Forex, we mention them:

Technical Analysis

Depends on graphic charts and maps, you can benefit from these letters you can watch them on your computer screen that will aid of about 25% to reach their decision, and can clarify for possible predictions for future price of a certain currency pair

These letters could contain many other wonderful tools that help predict the movement of the index and whether the market rises or falls by the candlestick and the MACD indicator and many other indicators that will really help you make your decision.

Financial News & News Channels

No doubt the news will also affect the market's direction, as news of political, economic warfare, social, and accidents, these reports affect the currency market by 75% and this could be very clear in the hard news and the change in interest rates in the country of a particular currency, sales retail, the consumer price index, trade balance of a country, the index of consumer confidence and so on, so we can appreciate an increase in the price of the euro and the dollar's decline in a particular season, for example, and so on.

Live & Direct Recommendations

If you had a previous experience should have known the meaning of "recommendations" term, but if you're a beginner, you could say that the "recommendations" means predictions observed in some forex or forex related sites which expect the price of a currency pair to arrive at a value determined in a given time, these recommendations are very important for traders to help them make the decision to sell or buy, but not reliable nor 100% accurate, of course, you can follow a particular recommendation, then you find that the index moves against it, so your mind and intelligence are the best to think and analyze the market and predict the possibilities.

Start Trading

1 – Open a new account (demo account) at a brokerage firm;

Opening a demo account is considered the first step in learning through their own practice in the currency, which the company will give you an unreal amount of money in your account for use in trade Forex, start doing deals and positions, buy and sell as if you have a real account, with daily practice, learn and gain experience.

2 – That will learn from a demo account:

Choose a currency pair, EUR / USD, for example, and determine their fate at some point for their profits, in other words, should determine the price at which they could buy the currency and the goal which will close the deal, the other party should also identify the point at which close the deal if the loss came to a certain point called "stop loss" a very great idea that lets you determine the maximum loss the deal is closed if it is moving against its predictions, it must also determine the period of that deal to stay open, minutes, hours, days, or more, make a strategy for you to follow.

The monitoring of the daily news is very important for the successful speculator, you should also review the major coins in the market that is much easier than the study of populations of ordinary stock companies, and news and information you need will be available through many sites on the Internet.

3 – After making sure that you got to be better qualified and able to trade with real money, start to work with the real account to get the benefits you're expecting, you can choose to trade through live or demo account through your primary account in the company is using, without the need to open a new account.

Some examples of forms and methods of marketing

1 – Sample (1); Buy (long):

Suppose that after performing the necessary studies and market analysis, indicators and graphics, which has begun a purchase agreement in the EUR USD for 1000 $ in Section 2.2000, then the price increased to 2.2100, the difference between the two prices is 100 points and now is your benefit equals $ 1000 added directly to your account, as the point (1% of the amount used in the agreement) is 10 $.

We must differentiate between the account of children and professional account of brokerage firms more in the first point = $ 1 in the second, the point = 10 $ & you have the option of While the accounts open when you start opening a real account, and of course the risk of loss is much more professional in the minors.

1 – Sample (2), Sell (short) position:

After they have also done the necessary studies and analysis, can be sold at a high price to close the or buy at a low price, for example, if you sell EUR USD at 1.2000, then the price dropped to 1.1900, which gained 100 points today which is the difference between the two prices, equivalent to $ 1000 added directly to your account.

We should clarify here that, as imagination can make profits in that market, Forex trading, also can lose large amounts of money, so we recommend to be well armed by the expertise in this field and have sufficient information and a good experience trade deal with the market the right way at the proper scientific basis, so we advise you start with a demo account before trading with real money.

Source: target = "_self" title = "E-LearnGold"> E-LearnGold

FOREX London Session Video August 8th, 2007