For those of you who are beginners in the forex world , and you ask a question, How sich playing the forex trading? The answer is easy.
Forex Infrastructure
Before entering in trading, we explain first the supporting infrastructure. forex trading online to be necessary only PC computer, and Internet connection. Coupled with sebuat software applications can be downloaded and used free of charge. Extremely easy to not. To see an illustration of online trading directly on your computer with a demo account, you can read the instructions here . And also forex trading can be done at any time, read the time and forex trading hours , for more details.
Basics And How To Trading Forex
Basically play forex is predicting a currency pair that later value will go up or down. And confidence of predictions that we achieve in open trading position (open position).
In forex there are only 2 types of open positions. Namely
1. BUY / BUY / LONG : predicting the value of the pair will rise
2. SELL / SELL / SHORT : Predicting the value pair will DECREASE
For more details, see the illustration below: Jerry BUY entry at position (BUY) EUR / USD at 1.3000, after a certain time Jerry CLOSE at 1.3064 then Handoko gain 64 pips If Handoko CLOSE in 1250 then suffered a loss of 50 pips Handoko
John SELL entry at position (SELL) GBP / USD in 1500, after a certain time in 1400 then CLOSE John John benefit 100 pip If John John CLOSE in 1650 then suffered a loss of 150 pips Notes: - Close means close of trading that is running or open. - A pip is the smallest unit in forex. value and meaning of the PIPS