Business Trading or can be called Forex Trading is a currency trading from different countries. This Forex stands for Foreign Exchange (Pertukarang currency). An example of forex trading is buying euros (European currency), while simultaneously selling USD (American currency), could be abbreviated EUR/USD.
In simple terms, Forex is a process of buying and selling of currency simultaneously or also interpreted as a currency exchange of 1 state with other countries.
How to run a Trading businessFor beginners, using the information in initiates trades sometimes not fit between each other. With many sites about the introduction of forex, can have time to make the traders confused learn it. Then how to learn this trading business?
Hear the word Trading Forex or forex, sometimes it still raises "negative thinking " In your mind because the online business to find money in cyberspace from Trading Forex (foreign exchange) online is a gambling, not kosher, work that is not promising, at risk High, need big capital, and a pointless business like HYIP (High Yield Investment Program).
But not a few also people who respond to positive business best this. Forex Trading is considered promising substantial earnings. Gimana Gak Interested if in the results of this online business make your bank account to be filled in itself both in rupiah and in the form of dollars.
Able to operate 1 PC device on a basic basis is one of the most important requirements in the Forex trading business. But in fact around us there are still very many people who are already pessimistic first when wanting to get closer to getting to know the forex business. Actually they can to run a trading business in the shelter or in the office where they work.
Forex Trading is an investment business that can provide a big profit but has a high level of risk. If you do not have enough experience and knowledge, it is certain that you will experience bankruptcy when you first step in the forex business. So for beginners who want to learn forex trading, it is advisable to use the "demo account" first to learn to trade until proficient and familiar with the business of forex trading.
Here are the requirements that must be fulfilled by novice traders who will start trading Forex:
- Can operate the computer on a basic basis
- Can take the time to run the computer at home/office
- Setting up devices for forex trading tools (Computer/laptop/ipad and Cyberspace Connection)
After the above conditions are fulfilled, perform the following steps to start trading:
- Turn on your computer first
- Plug in a USB modem (which is ready to connect the virtual world)
Once your computer is online, please go to the broker's website. After successful installation of the software, then you will be treated to charts along with technical picture. For that it is necessary to prepare:
- Work list as a guide in doing this business as part of success.
- Don't be afraid in trying, project results are already in the get bit by bit.
- Forget perfection because in this world there is not perfect.
- Never give up and always update and find new solutions or breakthroughs.
- Always think Postif.
- Cherish yourself for every achievement you have made.
Actually, if we really want to be proficient in forex, practice first with "demo " at least 2 months. It serves to solidify psychological management. So prepare first before the trade fall. Let your analysis ripen neatly. I have all things well without the intervention of lust want quick profit.
Low Risk Forex Learning TipsHow to learn and add live trading experience with zero risk? The way, you should look for a forex broker that grants bonus funds without many conditions "this " and "it ". And until now the broker that gives the bonus Gak Pake Ribet, we think still held by the forex broker company Agea that has been there since 2004 and has a good reputation during this time.
- Advantages of forex business compared to other businesses are as follows:The Market is open 24 hours non-stop from Monday morning until Saturday early WIB. Many trading markets in the world but only have hours of operation for 6 to 8 hours if in forex we can freely alias in selecting and arranging trading hours as you wish. If we are busy in the morning until noon, then we can trade forex in the afternoon/night and vice versa.
- The transaction fee is small then the capital needed also small fee to be able to transact in Forex IE we only pay for the spread, which is usually a profit from the bank or the broker. And now there are many forex brokers who offer cent/micro accounts with capital $5-$10 alone we can already trade forex business. So do not need to spend a big fee when we want to do business in Forex.
- The market direction offers advantages. If in another business suppose to buy a car, if the price goes up we profit but when the price goes down then we will lose. Forex is different, we can take advantage of the price rises and prices drop. Essentially in forex trading we will buy before the price rises and sell before the price drops.
- Leverage/leverage. Its meaning with small money we are able to control large amounts of money. Thus, the leverage will allow traders with a small margin deposit can carry out contracts of large quantities of transactions. Because this leverage is a forex business is known for its investment business "High Risk & High Reward" which means traders have the opportunity to get a quintupled profit but the risk is also high because it can spend directly all capital Our.
- Volatility and high liquidity daily Range between 100-150 pips and total swing movements can reach more than 600 pips per day. Likewise, with the value of forex investment transactions that occur, now has reached $4 trillion (4 trillion USD) per day. So in scale, the forex market can be said to be the largest of other trading markets.