In the FOREX market, you buy or sell currencies. Make a trade in the foreign exchange market is simple: the mechanics of a trade is very similar to those of other markets (like the stock market). So if you have some experience in trading, you should be able to reap gains fairly quickly.
Ners of the war, in trade in Forex is to exchange one currency against another in the hope that the price will change ... that the currency you bought will increase in value compared to the one you sold.
Example of how to succeed his Trade by buying eurosTrade Action EUR USDYou buy € 10,000 to "EUR / USD exchange rate of 1.18 -11.800 10 000 *Two weeks later, you exchange your € 10,000 back to dollars at the exchange rate of 1.2500. 10 000 12 500 **You made a profit of $ 700. 0 +700
* € 10,000 x 1.18 = $ 11.800 US -EUR € 10,000 x 1.25 = $ 12,500 US
An exchange rate is simply the ratio of a value of one currency against another. For example, the exchange rate USD / CHF indicates how many U.S. dollars can purchase one Swiss franc, or how many Swiss francs you need to buy one U.S. dollar.How to Read an FX trading?
Currencies are always quoted in pairs like EUR / USD and USD / JPY. This is because in every foreign exchange transaction, you buy a currency and sell another simultaneously. An example of an exchange rate of sterling against the USD:
GBP / USD = 1.7500 GBP / USD = 1.7500
The first currency to the left of the slash ("/") is defined as the base currency (in this example, the British pound), while the second on the right is called the counter or quote currency (in this example, the USD).
When buying, the exchange rate will tell you how much you pay in units of the quote currency to buy one unit of base currency. In the example above, you will pay 1.7500 U.S. dollar to buy a pound.
When selling, the exchange rate tells you how many units of the quote currency you get for the sale of a unit of base currency. In the example above, you will receive 1.7500 U.S. dollars when you sell 1 British pound.
The base currency is the "basic information" to buy or sell. If you buy EUR / USD this simply means that you buy the base currency and simultaneously selling the quote currency.
You must buy the pair if you think the base currency will appreciate against the quote currency. You should sell the pair if you think the base currency will depreciate against the quote currency.Long / Short
First, you must determine if you want to buy or sell. If you want to buy (which actually means buy the base currency and sell the quote currency), you want the base currency rises in value for resale at a higher price. In the jargon of trading, this is called "going long" or taking a "long" position. Remember: long = buy. If you want to sell (which actually means sell the base currency and buying the quote currency), you want the base currency is born in value, to redeem at a lower price. This is called "going short" or taking a "short" position. Short = sell.Bid / Ask Spread
All information in Forex take into account a double course. Both the supply and demand, or to return to the jargon, BID and ASK. Offer (IDB) is always less than the demand for money. THE BID / OFFER is the price that the market is willing to buy the base currency in exchange for the quote currency. This means that the auction is the price at which you (the tradeur) sell it.
THE ASK / DEMAND is the price that the market will sell the base currency in exchange for the quote currency. This means that demand is the price at which you buy.
The difference between supply and demand, BID & ASK is popularly known as the Spread.
Let's look at an example of a price quote from a trading platform:
In this quotation GBP / USD, the bid price (Bid) is 1.7445 and the purchase price (Ask) is 1.7449. Watch how a broker allows you to trade easily if your feet to the bottom of your slippers ....
You want to sell the GBP? Click on "Sell" and you will sell the British pound at 1.7445. If you want to buy GBP, you click "Buy" and you buy books at 1.7449.
In the following examples, we use fundamental analysis to help us decide to buy or sell a specific currency pair. If you've always snored during your economics class or you do simply never had, do not worry! We will cover fundamental analysis in a later lesson. For now, just try to pretend to know what's going on ...;)EUR / USD
In this example, the Euro is the base currency and thus the "basis" for buy / sell.
If you think the U.S. economy will continue to weaken, which is bad for the U.S. dollar, you run the order BUY EUR / USD. In doing so, you buy Euros in the hope that they will rise against the U.S. dollar.
If you think the U.S. economy is strong and will weaken the euro against the U.S. dollar you would execute the order SELL EUR / USD. You have done this in the hope that the Euro will collapse against the U.S. dollar.USD / JPY
In this example, the U.S. dollar is the base currency and thus the "basis" for buy / sell.
If you think the Japanese government will weaken the yen to help its export industry, you must execute the order BUY USD / JPY. In doing so, you have bought U.S. dollars in the hope that their rates will rise against the Japanese yen.
If you think a contrario that Japanese investors withdraw their money in U.S. financial markets, convert all their dollars into yen, and this will hurt the U.S. dollar, you run the odre SELL USD / JPY. In doing so, you have sold U.S. dollars in the hope that they will depreciate against the Japanese yen.GBP / USD
In this example the GBP is the base currency and thus the "basis" for buy / sell.
If you think the British economy will continue to outperform the U.S. in terms of economic growth, you must run the odre BUY GBP / USD. By doing so you have bought pounds in the hope that they will rise against the U.S. dollar.
If you think the British economy slows down while the economy of the United States remains strong, you must execute the order SELL GBP / USD. In doing so, you have sold pounds in the hope that Vontsira depreciate against the U.S. dollar.USD / CHF
In this example, the dollar is the base currency and thus the "basis" for buy / sell.
If you think the Swiss franc is overvalued, -> BUY USD / CHF. By doing so you have bought U.S. dollars in the hope they will revive finally against the Swiss franc.
If you think the collapse of the U.S. housing market will hurt future economic growth, (which will weaken the dollar), -> SELL USD / CHF. You have sold U.S. dollars in the hope that depreciates against the Swiss franc.I do not have enough money to invest 10,000 euros. Can I still trade?
You can do this with the margin! The margin of negotiation, and Margin trading is simply the term used for trading with borrowed capital. Thus you will have the opportunity to open positions at $ 10,000 or $ 100,000 with an investment capital of $ 50 or $ 1000. And yes, that's the FOREX, you can make trades relatively large, very quickly and inexpensively, with a small initial capital.
The Margin trading on the foreign exchange market is quantified in "lots". We will discuss this in depth in our next lesson. For now, just think of the term "lot" as the minimum amount of currency you can buy. When you go to the grocery store and you want to buy an egg, you can not just buy a single egg. We buy them by the dozen, or, as it were, with "lots" of 12. In Forex, it would be equally foolish to buy or sell 1 euro, so we buy in "lots" of 10,000 (mini) or 100000 (Standard) by type of account you have.
For example:
*
You believe that signals in the market indicate that the pound will rise against the U.S. dollar.
*
You open a lot (100,000), purchase of the British pound to 1% margin and wait for the exchange rate rise. When you buy a lot (100,000) of GBP / USD at a price of 1.5000, you buy 100,000 pounds, which is worth 150,000 dollars (100,000 units * GBP 1.50 (exchange rate of USD)) . If the effect of margin was 1%, alors1500 réquisisitionnés U.S. dollars will be in your account to open the trade (150,000 USD * 1%). You control now £ 100,000 with $ 1500. Your predictions come true and you decide to sell.
*
You close the position at 1.5050. You earn 50 pips or about $ 500. (A pip is the smallest price movement available in a currency.
Your actions GBP USDYou buy £ 100,000 GBP / USD at an exchange rate of 1.5000 100.000 -150.000Close your eyes for two seconds ... and abracadabra, the exchange rate of GBP / USD rises to 1.5050 and you sell .... +150,500 -100,000Congratulations, you just won $ 500. 0 +500
When you decide to close a position, the deposit that you originally made is returned to you and calculate your gain or loss is made. This profit or loss is then credited to your account.
We will discuss more of the margin in the next lesson, but I hope you are able to get an idea of its operation.Rollover
This is the rolling of a position overnight. FOREX results in a settlement two days after the date of trade (made before 21h).
To avoid having to make physical delivery, net open positions are automatically give 21h closed and reopened. This can result in a small debit or credit depending on the currency pair. Attention, move!
Trader DEMO mode?
You can open a demo account for free with most Forex brookers. This account has all the capabilities of an account "real." Why is it free? This is because the Brooks wants you to learn the ins and outs of their trading platform, you take your time, safely, to fall in love with them and make real money.
The demo account gives information about the Forex markets and test mode is negotiating with zero risk.
I TRADE IN DEMO AT LEAST 6 MONTHS BEFORE you even think about putting real money ...
I repeat ...
YOU TRADER DEMO MODE AT LEAST 6 MONTHS BEFORE you even think about putting real money at stake ...
DO NOT WASTE YOUR MONEY stupidly ...
(You will earn more after!)
Aucun commentaire:
Enregistrer un commentaire