basic of the forex

Introduction   In the forex world we know a variety of trading styles.  There is the long term by holding positions for days until for months. There is also a swing style with trend-following very short term as a period of hours. There is also scalping style that takes a very small profit at the time large market movements. Finally there is also that we know with intraday name that is opened and closed in one position days. In this paper we will elaborate further on the style intraday trading is designed for beginner traders / newbies who want to try wearing this style. Although writing is devoted to beginner traders, this paper can also used by senior traders as a reference that can either visits from time to time or as a reference in education traders with a more junior.    The Beginner Questions The question that often times I find and get from counterparts, especially the beginner trader are questions like this: "Today GU rise or fall?" or "I...

Another thing that the most important and often overlooked in the betting is PLANNING.   Trading is a business and business requires planning.   What distinguishes a successful businessman and losing is a successful businessman always has Planning. Planning will direct you to stay in the right direction.   Make your own PLANNING containing the points below:     1. Trading System          1. Determine Time Frame (Time Scale)          2. Specify indicators to determine trends;          3. Specify other indicators as a confirmation of the trend;         4. Find the risks that can limit your liability in any trading         5. Decide when to enter & exit the market 6. Write down your rules and stick    2. Organize your time, make a schedule when you analyze and make planning, anytime You observe the marke...

Forex (Foreign Exchange) trading of foreign currencies, or commonly referred to as the Forex (Foreign Exchange). Traded on the FOREX: Couples (Pairs) Common Currency in the world (for example: EUR / USD, GBP / USD, USD / JPY, USD / CHF). So Forex means the buying or selling a currency against other currencies in order to benefit   Example:   Buy EUR / USD means Buy and Sell Euro USDollar Sell USD / JPY means the USDollar Sell and buy Japan Yen Market Hours Forex markets move and open 24 hours (Monday morning until Saturday pk.4 morning pk.4 WIB) WIT = Western Indonesian Time or GMT +7 Time Zone: Asian Times (Tokyo): 7.00-15.00 WIB Europe Time (London): 14.00-24.00 WIB USA Time (New York): 20.00-05.00 WIB Contract Value (Quantity Contract Size)    Ie the actual number traded in the market Contract Size is differentiated on the basis of Lot, namely: 0:01 Lot = unit value of the contract: perpoin / pips worth $ 0.1 or approximately Rp. 1000, -- 0...