How to make money in Forex
Money mountainIn the Forex market, you buy or sell currencies.
Place a trade in the foreign exchange market is simple: the mechanics of a trade are very similar to other markets (like the stock market), it is so if you have experience in business, you should be able to pick it up fairly quickly.
The object of Forex trading is one currency for another part, in the hope that the price will change, so that the currency you bought will increase in value compared to those sold by you.
Example:
* € 10,000 x 1.18 = U.S. $ 11 800
** EUR 10,000 x 1.25 = U.S. $ 12 500
An exchange rate is simply the ratio of one currency against another assessment. For example, the exchange rate USD / CHF, how many dollars you can Swiss francs, or how many Swiss francs you need to earn $ 1 discount.
How to Read a Forex Quote
Currencies are always expressed in pairs like EUR / USD or USD / JPY. The reason they are quoted in pairs, because in every foreign exchange transaction, you are simultaneously buying one currency and selling another. An example of an exchange rate of sterling against the dollar:
GBP / USD quote
The first currency listed to the left of the slash'("/") as the base currency (in this example, the British pound) are known, while the second on the right side is called the counter or quote currency (in this example, the U.S. dollar).
When buying on the exchange rate is, how much you pay in units of the quote currency to buy one unit of base currency. In the example above, you have to pay $ 1.51258 to £ 1 to buy.
When selling, the exchange rate indicates how many units of the quote currency you get for selling one unit of base currency. In the example above, you get $ 1.51258, if you sell 1 British pound.
The base currency is the "base" for the purchase or sale. If you buy EUR / USD this simply means that you buy the base currency and simultaneously selling the quote currency. Speaking at the caveman "buy EUR USD to sell."
You buy the pair if you believe the base currency to appreciate to know (gain value) compared to the quote currency. They would sell the pair if you think the base currency is devalued (lose value), based on the quote currency.
Display
Long / Short
You must first determine whether you want to buy or sell.
If you buy (which actually means buy the base currency and sell the quote currency) want, you want the base currency to rise in value and then you sell it at a higher price. Talk to the merchant, this is called "being long" or a "long position". Remember: buy = long.
If you sell (which actually means sell the base currency and buy the quote currency) want, you want the base currency fall in value and then it would be to buy at a lower price. This is called "going short" or "short position". Remember, too short = sell.
Long Dog, the dog runs
"I am long and short."
Bid / Ask
EUR / USD quote
"How can I get are always two prices?"
All Forex quotes are two prices: the bid and ask prices. For most, the offer is less than the asking price.
The bid is the price at which your broker is willing to buy the base currency in exchange for the quote currency. This means that the best bid available to sell you (the licensee) to market.
Installation is the price at which your broker to sell the base currency in exchange for the quote currency. In other words, the price charged is the best available price at which you buy on the market. Ask another word, the offer price.
The difference between the bid and is popularly known as the spread.
On the quote EUR / USD above the price offered and the price of 1.34568 1.34588 ask is. Look at how this broker makes it so easy for you to sell off your money.
If you want to sell EUR, you click "Sell" and you will sell at € 1.34568. If you want to buy euros, you click "Buy" and you will buy € 1.34588.
other posts
- Elliott Wave 4Th Crossing Elliott Wave Oscillator
- Forex Wave Period
- Free Elliott Oscillator
- Gambar Gambar Elliot Wave
- Free Indicator Lrma
Money mountainIn the Forex market, you buy or sell currencies.
Place a trade in the foreign exchange market is simple: the mechanics of a trade are very similar to other markets (like the stock market), it is so if you have experience in business, you should be able to pick it up fairly quickly.
The object of Forex trading is one currency for another part, in the hope that the price will change, so that the currency you bought will increase in value compared to those sold by you.
Example:
* € 10,000 x 1.18 = U.S. $ 11 800
** EUR 10,000 x 1.25 = U.S. $ 12 500
An exchange rate is simply the ratio of one currency against another assessment. For example, the exchange rate USD / CHF, how many dollars you can Swiss francs, or how many Swiss francs you need to earn $ 1 discount.
How to Read a Forex Quote
Currencies are always expressed in pairs like EUR / USD or USD / JPY. The reason they are quoted in pairs, because in every foreign exchange transaction, you are simultaneously buying one currency and selling another. An example of an exchange rate of sterling against the dollar:
GBP / USD quote
The first currency listed to the left of the slash'("/") as the base currency (in this example, the British pound) are known, while the second on the right side is called the counter or quote currency (in this example, the U.S. dollar).
When buying on the exchange rate is, how much you pay in units of the quote currency to buy one unit of base currency. In the example above, you have to pay $ 1.51258 to £ 1 to buy.
When selling, the exchange rate indicates how many units of the quote currency you get for selling one unit of base currency. In the example above, you get $ 1.51258, if you sell 1 British pound.
The base currency is the "base" for the purchase or sale. If you buy EUR / USD this simply means that you buy the base currency and simultaneously selling the quote currency. Speaking at the caveman "buy EUR USD to sell."
You buy the pair if you believe the base currency to appreciate to know (gain value) compared to the quote currency. They would sell the pair if you think the base currency is devalued (lose value), based on the quote currency.
Display
Long / Short
You must first determine whether you want to buy or sell.
If you buy (which actually means buy the base currency and sell the quote currency) want, you want the base currency to rise in value and then you sell it at a higher price. Talk to the merchant, this is called "being long" or a "long position". Remember: buy = long.
If you sell (which actually means sell the base currency and buy the quote currency) want, you want the base currency fall in value and then it would be to buy at a lower price. This is called "going short" or "short position". Remember, too short = sell.
Long Dog, the dog runs
"I am long and short."
Bid / Ask
EUR / USD quote
"How can I get are always two prices?"
All Forex quotes are two prices: the bid and ask prices. For most, the offer is less than the asking price.
The bid is the price at which your broker is willing to buy the base currency in exchange for the quote currency. This means that the best bid available to sell you (the licensee) to market.
Installation is the price at which your broker to sell the base currency in exchange for the quote currency. In other words, the price charged is the best available price at which you buy on the market. Ask another word, the offer price.
The difference between the bid and is popularly known as the spread.
On the quote EUR / USD above the price offered and the price of 1.34568 1.34588 ask is. Look at how this broker makes it so easy for you to sell off your money.
If you want to sell EUR, you click "Sell" and you will sell at € 1.34568. If you want to buy euros, you click "Buy" and you will buy € 1.34588.
other posts
- Elliott Wave 4Th Crossing Elliott Wave Oscillator
- Forex Wave Period
- Free Elliott Oscillator
- Gambar Gambar Elliot Wave
- Free Indicator Lrma
Forex is simple follow the trend and you will rich.
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