Basic Lessons for Prospective Traders

Forex or FX trading is NOT gambling, Forex trading can be analyzed as REAL, besides that Forex is also the same as the trade in general and differ only in the object alone (in the Forex is the currency object, while the object is in the public trading of goods or services)
The forex market moves and open 24 hours, ie Monday to Saturday 05.00 am 05.00 am, means that traders can make a profit along the forex market is open
You must open or have a trading account (trading account) before you can transact in the world financial markets. (Trading Account will be used as your media transact internationally in accordance with the amount of money that you enter). TRADING ACCOUNT IS NOT THE SAME AS YOUR BANK ACCOUNT!

1 . What is forex trading ?
Forex stands for Foreign Exchange and Trade is exchange foreign currency trading or commonly referred to as Forex ( Foreign Exchange ) .
Bertransakasi advantage in forex trading is obtained from the difference between the purchase price and the selling price of the currency pair traded . A simple example : In the last month Amir buy U.S. Dollar exchange rate as much as $ 1,000 to buy Rp.8500 , - Then this month the exchange rate USD rose to Rp 9500 , - per a dollar . So when Amir sold a dollar this month he make a profit of (9500 - 8500) x 1000 = Rp . 1.000.000 , - Easy is not it?

2 . What is traded in forex??
Pairs ( Pairs ) GENERAL Currencies traded in the world ( example : EUR / USD , GBP / USD , USD / JPY , USD / CHF ) . So Forex means to buy or sell a currency against another currency in order to gain a profit from the difference between up / down the trading price

3 . Currencies are traded in Forex
USD = " Euro " ( European currency )
GBP = " Sterling " or " Cable " ( UK currency )
USD = " Aussie Dollar " ( Australian currency )
NZD = " Kiwi " ( New Zealand currency )
JPY = " Yen " ( Japanese currency )
CHF = " Swiss Franc / Swissy " ( Swiss currency )
CAD = " Dollar Canada " (the currency of Canada )
USD = " U.S. Dollars " or " Buck " ( USA currency ) and all currencies in the world

4 . What about the disbursement of money ?
You must open or have a trading account ( trading account ) before you can transact in the world financial markets . ( Trading Account will be used as your media transact internationally in accordance with the amount of money that you enter ) . TRADING ACCOUNT IS NOT THE SAME AS YOUR BANK ACCOUNT !
You can transfer your money ( deposit or inject ) to your trading account at any time through your bank addressed to the clearing firm of the international money markets iniAnda must open or have a trading account ( trading account ) before you can trade in world financial markets this . ( Trading Account will be used as your media transact internationally in accordance with the amount of money that you enter ) . TRADING ACCOUNT IS NOT THE SAME AS YOUR BANK ACCOUNT !
You can transfer your money ( deposit or inject ) to your trading account at any time through your bank addressed to the clearing firm of the international money markets selected .

5 . Market Participants
Who are the actors and participants in the Forex market ?
1 . Government / State
2 . Companies , factories , industries
3 . financial institutions
4 . The World's Major Banks
5 . the Broker
6 . businesspeople
7 . Society / ( Retail customers)

6 . Hours of market / market forex market moves and open 24 hours, which is Monday at 5:00 pm until Saturday at 5:00 pm , means that traders can make a profit along the forex market is open

7 . Advantages of Forex Trading Online
a. No commission trading or brokerage commissions
b . Benefit from two-way prices go up or down
c . You are free to enter the market without puzzling over working hours from Monday morning until Saturday morning
d . Can be started with small capital
e . Available accounts experiment / demo as practice trading before plunging into real
f . The forex market is not going to go bankrupt because of concerns prekonomian countries in the world
g . Can generate very high revenues
h . Trades is very easy to do .
9 . What should be prepared to trade forex online ?
a. Can operate the computer and the internet
b . A set of computer / leptop
c . Operating System installed on the computer
d . internet connection
e . Software provided by the broker / Meta trader
f . Have a minimum capital of $ 100

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What is Forex and How to strat it?

Forex or FX for short ( often referred to in Indonesian currency - exchange foreign currency ) is an abbreviation of Foreign Exchange , which is a mechanism of exchange of the currency of a different currency to another currency . This forex activity occurring since time immemorial , where the demand for foreign currency needed for foreign trade activities in the form of export - send the goods out of the country , then the payment in the form of foreign currency and import , purchase goods using foreign currency . Currency exchange operation has been done long ago , but has not been commercialized as it is today .

Historically , Forex or foreign exchange activities conducted by central banks in countries around the world , and its activities are not conducted as free as it is today. Trade forex (foreign exchange ) or forex ( foreign exchange ) is carried out for 24 hours a day , 5 days a week and rotating in markets around the world . Even trading activity is not only accessible by the Bank as a major investor , but also individuals who want to try to benefit from forex market mechanism .

Foreign currency trading market starting from 05.00 Monday in New Zealand and Australia , then proceed to the Japanese market and Singapore at 07.00 , and then to the European markets ( Germany and Britain ) began at 13.00 and ended at 20.00 to the U.S. market is complete and then circle back to the beginning of the cycle , ranging from New Zealand back for 5 days a week . On Saturday and Sunday ( weekend - weekend ) off the market in general . Holidays sometimes also occurs when a country experiences a national holiday .

Forex trading at the present time is very easy . Only by using a computer and internet connection , even with the use of mobile phones ( PDA ) you are able to join and try to trade forex on the internet and see the fluctuation of currency price fluctuations around the world , as well as benefit from the difference between buy and sell prices . Forex transactions can also be done offline through banks .

What is the purpose of the transaction Forex / FX ?

It is definitely an advantage. However , the purpose of the existing Forex or foreign currency 2 . ie get the advantage of the difference in the purchase price and the selling price . A simple example , suppose you buy a USD $ 100 at the price of 10,000 dollars perdolarnya , then you need the money about 1,000,000 dollars . Well , when the next day the price of dollars rose to 10,500 , then your profit is the difference in price multiplied by the amount of currency that you buy , that is equal to : 500 x 100 = 50,000 rupiah . Well , if you go down how? if you go down , you have the right not to sell first , and wait until the price goes up again and then sold for profit .

The good news , Forex has a two -way mechanism , you can buy and you can sell . Well , how come? For purchasing mechanism , you can read above , but for selling mechanism , usually a trader borrowing first, then bought back if the price drops . examples : for example, the current price is 10,000 USD dollars . you sell the USD $ 100 , with a signed contract means that you pay back the $ 100 that within a specified period . nah , you have earned the money of one million dollars for the sale of 100 doalr it . If the next day the price of USD into 9500 , then you immediately buy again later returned to the borrower at 100 dollars . and you get the advantage of 500 x 100 = 50,000 rupiah .

The second advantage is that you can get the interest or the interest rate differential or swap . the difference is sometimes favorable interest but sometimes harmful . If the difference between high interest rates , you can benefit . however, if the difference of minus interest , you will be charged interest .

What is leverage / leverage ?

Leverage or leverage is the ability to purchase a number of instruments ( in this case the foreign currency or foreign currency ) with a smaller money . Easily , eg 1:100 denominated EUR / USD means with 1 USD you could buy another 100 EURO currency . leveraga can be varied depending on the broker you use. There were 1:100 , 1:200 , 1:500 and some even .

The difference between trading currency ( forex ) traditionally and online lies in the leverage . For example, if the dollar exchange rate at the moment is 10,000 dollars , and you will buy as much as 100 dollars , then you need the money as much as 100x10000 = 1.000.000 dollars . But if there is leverage , 100 USD can only be purchased with one dollar .

Well , so what's the difference of leverage with leverage ( traditional trade ) ?

The difference is the used margin . If you buy a traditional , if prices go down , then you can resist not to sell the currency . Another case with online trading , you need a margin ( funds ) to hold the price movements .

So which is the most profitable ?

Both have their respective advantages . with traditional trade , you get the physical form of currency that can be taken and it can be redeemed and may be detained in the event of price changes . Trade forex online trading also has advantages , namely leverage earlier . 2,000,000 suppose you have money and you will buy the dollar at an exchange rate of 10,000 , with traditional trading , you can only buy as much as 200 dollars . with 1:100 leverage , with 2,000,000 the same money , you can buy as many as 20,000 dollars ( 2,000,000 : 10,000 x 100 = 20000 ) . If the next day the price goes up to 10,500 then the calculation of the benefits are :

- For traditional perdangaan at : 200 x 10500 = 2,100,000 or 100,000 dollars or in percent of : 100.000/2.000.000 x100 % = 5 %

- To trade with leverage : 20000 x10500 = 210,000,000 or equivalent to 208 million or in percent of 208.000.000/2.000.000 x 100 % = 10400 %

With a number of very significant difference , then a lot of people opt for online forex trading forex trading compared to traditional .



I want to start , what should I do ?

First of all , do not rush . Forex is not a game as you might imagine . This is not a game options to rich in a short time , because there is no way to enrich you in a short time . To get huge profits , the greater the required capital , with patience , perseverance and unyielding attitude to keep learning .

JN Club advise you to try to trade ( practice ) first. There is an online forex broker that you can use to learn . They provide virtual money ( not real money ) for you who want to try forex trading . Please use virtual money to trade first, then use real money if you 're feeling able to trade live . If you feel you are able to trade forex , please begin to trade in a relatively small amount , for example $ 100 , $ 200 , and so on . To join the Club Forex JN Club please follow the guide on the next page . or Click here to read and download other Forex Tutorial

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Selecting a Good Forex Broker

Now the number of forex brokers have been very much at all , be it conventional broker , or who are already online . Each of these brokers certainly have advantages and disadvantages . Therefore we should be able to choose a broker that suits our needs , and have a good credibility . Not all brokers aim well , there is a forex brokers who only intend to deceive , so that would be detrimental to customers . Some things you can use as a reference in choosing a good forex broker , is : 1 . Choose to suit your needs . First you should have a list of forex brokers . After that you need to check each website , then pay attention to the service and its services . If you do not find the service or offer that suits your needs , then look for another forex broker agent . 2 . Check the clarity of identity Check the office address and a contact address or support , more complete ( email, phone , fax , chat , etc. ) the better of course . 3 . Methods of communication and assistance Commitment brokers in providing support 24 hours / 5 days should be a primary requirement . The more complete method of communication ( email , phone , fax , skype , chat ) the better . Amenities live support ( chat ) can really help us , when in need of assistance on the spot . 4 . Check the regulations : It is not a 100 % but the broker will give a feeling of safety regulations . Regulated broker means the broker is subject under regulation and supervision . So that brokers do not own wishes in doing business . Usually information about this regulation is always listed on the website brokers . Typically section about us , contact , or at the bottom of it . We must also consider the regulatory agencies ( regulators ) , the regulator must be bona fide and have strict rules and supervision reply . Example , NFA ( U.S. ) , FCA ( UK ) , ASIC ( Autralia ) , CySEC ( Cyprus ) . 5 . popularity Try take a moment to browse, search and compare information about brokers in forums , blogs , etc. it. See how the experience of others , if there is a problem with the broker . See also the broker where the much reviewed or called . The more popular a broker in a country , then the broker 's commitment will be greater in those countries . Broker will provide specialized support services to the local language , or facilities that are more regional . 6 . Check the performance and applications In general, there are two common models of applications that people use for online forex trading , ie , by using the application ( metatrader ) or simply with a browser alone . Now please try first where you are most comfortable with . You could try using a demo account . Some things that you can address and check are : Note the speed of the data ( whether intermittent or graphics lag , speed of order execution , are often hangs , etc. ) Note also the supporting facilities for technical analyzes . such as the completeness of the model graphs and indicators . Some users who have advanced to , the facilities to make your own (customized ) indicator also they need . With complete facilities will certainly help the traders in order to obtain more optimal results . For those who are mobile , facility access via a PDA / mobile phones , will probably be additional interesting features that are worth considering . 2 . Check the commissions and costs Generally current brokerage fees for trading forex is very small . There is no commission at all . Unlike the local Forek brokers sometimes still attractive commissions . Generally outside brokers charge already on the spread of the pair . So pay attention to the spread , if it's too wide , meaning the brokerage costs are expensive.

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