Foreign Exchange (Forex)

Most difficult in Forex is Psikology and money management, learn system is more is but maintain your psikology and monet management is most difficult. And this is most the reason trader fail to get consistent profit

yeah sure. It is good to EA.

Foreign Exchange Market

Forex is the only way to get more money.

Basically they are the thing but with one huge difference - while trading a LIVE account emotions gets in the way and interfere with the trader's decisions.

That's the main reason why a lot of traders who done well trading the demo account can't get the same results with a live account.

Greed and fear are usually what make traders lose their mind and eventually their money.

A momentum indicator measures the strength and speed of the price movement change.

One of the roles of a momentum indicator is to indicate the traders when the current trend is about to end and a new trend is about to start.

The foreign exchange is the biggest market, therefore it has the highest liquidity which make it easier to perform technical analysis and predict market movement.

The Forex market is active 24/5 and allows traders to transmit orders from all over the world.

to provide foreign exchange service to the costumer or to get benefits from them

as national income is the sum of goods and services produced within a country and income from abroad. hence increase in foreign exchange will increase the national income.

Kinds of Trade:

1. Home Trade: Trade done within the limited of the Country is called Home Trade or National Trade

2. Foreign Trade: Trade done between the two countries is called Foreign Trade or International Trade. The transactions in this type of trade are called Import Trade (if goods purchased from other country) and Export Trade (if goods sold to other country)

Two Kinds of Trade: (Rhea P.)

1. Domestic Trade - local buying and selling of goods and services

- does not involve the transfer of goods and services that cross national boundaries.

2. International Trade - uses foreign currencies

- trades that cross national boundaries

much higher risk in deterioration of the goods and products

Current dollar vaule againts euro is 1.36.

The primary reason companies would hedge foreign exchange risk is so that they do not lose money on capital or assets they have stored in different currencies.

7,624.23 US dollars.

156,430 dollars.

Suppose you think that the Euro will increase in value against the US Dollar. You can go long one standard lot size (100,000 units of base currency) of EUR/USD currency pair @ 1.21000 with a retail forex broker. You are anticipating that that the Euro will increase to 1.22000 (100.0 pip increase).

You could optionally set what is called a Take Profit order which would be a limit or pending order to exit the market when the prevailing market prices touch 1.22000. This would give you appx $1000 profit. If you wanted to limit your losses, you could place a stop loss at 1.20000 (100.0 pips away from entry). Then you could walk away from your computer for a couple of days or weeks at a time and see what happens, although typically you'll want to check in once a day or so if you have internet access.

There are much more sophisticated examples, (trading multiple pairs simultaneously, correlated vs non-correlated pairs offsetting, using grid/basket trades with multiple orders etc) that would take too long to discuss. AwarenessForex helped develop famous APAMI indicator that allow you to measure price action with 100% objectivity, assisting greatly with consistent price entry. The majority of other methods average or smooth price action, which creates distortion.

Yes Can, Forex trading is online business, you just need stable internet connection.

The only things that causes of fluctuation in the exchange rate are the Supply and demand of the traders which are influenced by current financial events and speculation.

Starting Forex trading in it self is not difficult. All you need is a Computer, internet connection and a broker who will provide you with a trading account. There are many thousands of brokers out there. One I currently use is called etxcapital. They normally offer a free 100 bonus when you join. Other reputable brokers out there include easy forex, CMC markets and IG index are my personal recommendation. Once you have registered trading account with a broker it is recommended that you go through any training material so that you get the feel of trading before you start to trade live. Set up a demo account to practice with initially before you start trading on a live account. what personally helped me with my trading was when I purchased an ebook called-millionaire trading secrets revealed. This book happened to be the game changer for me. I started to make consistent profit using the strategies from the ebook below. All the best and hope the information has been useful.

http://www.forex-trading-academy.com/ebook.html

The beaver in the wild had been trapped near extinction, and the supply was too low

Trading with foreign currency is the risk, as because the change in the value of currency... As the market changes, traders have to make sure their trade to gain yield.. Without the experience and aware on trade, forex is the risk trade..