Saturday, May 8, 2010

FOREX INFORMATION

6 comments

See the development now that most users ecurrency is for the purpose of forex trading (deposit / withdraw) so here we try to provide information about forex and its relation to the use ecurrency. But note that our previous order, sentraegold.com is just as ecurrency changer only. We do not recommend to use a particular forex brokers, forex trading or to play.


Forex world, What is forex?
Forex is short for Foreign Exchange, the trading of foreign currencies, with the aim of a diverse economy by the state, the world's banks, fund managers, financial institutions, or by individuals. Economic objectives for the purposes here can export import, international reserves, or a profit / gain from price movements (individual / personal, fund managers).
Therefore along with the development of the internet, now everyone in the world can also own forex trading from home and the growth of forex traders (individuals) online is also very fast, including Indonesia. People can directly transact forex broker through internationally / locally through the internet.
What makes people interested in forex trading?
For the layman forex trading can be a huge magnet to try it. Due to the forex provides a huge potential profit (percentage).
As an illustration:
With the use of capital and leverage 1:100 $ 100 = $ 10,000 (Mini Contract Size)
Such as trading in the EUR / USD this means calculating a pips (the smallest movement) = $ 1
Considering that one day every movement range is between 50 s / d 150 pips
So the potential profit is 50-150 $,
views of the capital is only $ 100 so who can gain up to 100% more.
However: In contrast the potential benefits are also equivalent to the potential losses. Potential losses could also reach 100%, in other words, capital can be immediately sold out.
The risk of forex trading.
See explanation above it is obvious that forex trading is very risky, wisdom, intelligence, and experience will determine success. From the statistics say that 90% of traders end up with losses or defeats. So you should first clearly understand about forex before you decide to do forex trading. Do not waste your money / your money, because the original game or your ignorance.

Learn forex.
No it's hard for us now is to find the sources of forex learning materials. You live just searching in google, and you will find articles that discuss the ins and outs of the world or the forex. Also sites that provide tools, analysis, forex courses, etc. was very much at all.
There are good you take the time to advance the learning process and this introduction, so that you understand right with the world of forex.

Online forex trading mode (quick overview).
Technically, to be able to forex trading is not difficult, of course, enough with computers with internet connection. Then you need to register / open an account on forex brokers, on average to open an account is free. And also now almost all brokers provide demo facility for practice, where you can simulate trading with real data, but with virtual money (no risk). After you register in your forex broker will be required to install applications into the standard broker for trading. Now for the application / access to a variety of trading is there some application that use quite the browser. Even some of these applications can support using gadgets (PDAs, smartphones, etc). After you install the application on your computer. You can direct trading (virtual / demos).
Basic forex trading is actually simple, as an illustration.
You analyze / predict that the USD / JPY will rise:
- Buy USD / JPY at 115.20. Some time again the value of the USD / JPY 115.35
then you Close (Sell) -> Profit = 15 Pips
- If after some time again the value of the USD / JPY 115
then you Close (Sell) -> Profit = - 20Pips (Loss)

You analyze / estimate that EUR / USD will go down:
- Sell EUR / USD at 1400.50. Some time again the value of the EUR / USD 1400.25
then you Close (Buy) -> Profit = 25 Pips
- If after a time again the value of the EUR / USD 1400.60
then you Close (buy) -> Profit = - 10Pips (Loss)

In forex you can close this according to your wishes. You can resist if you are not close to a loss and want to keep, in the sense you think that there is a possibility of value will turn around.

By simple rules or the way forex trading is as described above. But of course there are terms or functions in your forex you should learn like (Take Profit, Stop Loss, limit, margin, leverage, deposit, withdraw, etc.).
Noteworthy is the way of trading / her play is simple and easy. But was not the most important and most difficult is how you make an estimate / analysis of the nail, if it's just asal2 estimates only certainly ended on a loss. For that you must benar2 understand (knowledge) with a good forex.
Exchanger function (sentraegold)?
Actually the function of this exchanger is beyond the forex broker. Usually a trader will use when performing services exchanger deposit / withdraw.
Deposit: Adding funds in broker forex trader.
Withdraw: Attract funds from the forex broker.

For more details, see the chart below.

Trader <- (Wire Transfer) -> Forex Brokers
In the past, mostly traders and brokers use metoder wire transfer / send the money directly. Along with expanding the use ecurrency. Now, there are many brokers who accept as an alternative ecurrency deposit / withdraw.

So the plot:
Trader <- (eCurrency) -> Broker forex.

Well this is the exchanger2 ecurrency (sentraegold)
Trader <- (Exchanger) (eCurrency) -> Broker forex.

Such so you will deposit into the forex broker using WebMoney,
Steps:
1. You (Dollar / bank) -> buy WebMoney (from the changer), once you accept WebMoney
2. You (WebMoney / ecurrency) -> Forex Brokers (Deposit)

Similarly, contrary to withdraw or withdrawal:
1. Forex Brokers -> You (WebMoney), once you accept WebMoney
2. You sell WebMoney (exchanger) -> you (dollar/ bank)

Note:
To note that the exchanger (sentraegold), ecurrency (WebMoney), forex broker (InstaForex, Marketiva, FXOpen, etc.) are standing on their own.
• exchanger (sentraegold.com): ecurrency exchanger or services of the IRD exchange rate to ecurrency (buy) or from ecurrency to dollar (sell).
• ecurrency: Internet payment tool.
• broker forex: forex trading services.
So you get a constraint such as forex trading, forex broker you need to, and not to ecurrency provider or to the exchanger. Or are there any obstacles when the deposit / transfer WebMoney to your forex broker forex broker or need to ecurrency.

Comments

6 comments to "FOREX INFORMATION"

established businesses said...
June 7, 2010 at 2:32 AM

Nice post having the importance of forex and its basics. Good for beginners.

bank asset management said...
June 29, 2010 at 11:31 PM

I never seen a detailed information about forex. Thanks for share.

Payday Loans Online said...
July 8, 2010 at 3:19 AM

Hi,
Absolutely great information! I never seen before like that dear thanks for share :)

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August 15, 2011 at 10:30 PM

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October 14, 2011 at 9:34 AM

As 90% of traders end up with losses I think its most risky trade. I hope there are also high returns involved with that much high risk.

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