• Forex trading (OTC Trading) involves substantial risk of loss, and may not be suitable for everyone. Before deciding to undertake such transactions, a user should carefully evaluate whether his/her financial situation is appropriate for such transactions.
• Always ask your Forex dealer (the TRADING PLATFORM you wish to trade with) Selecting the appropriate Forex TRADING PLATFORM is essential for success in handling your trading and monitoring your activity, as well as maximizing profits, while minimizing losses and costs.
To trade successfully, you should know some ideas about Trading Forex:
What is Forex trading ? What is Forex deal ?
What is global Forex market ?
Overview of trading Forex online
Training for success
Technical Analysis
Fundametal Analysis
Day-Trading
Thursday, January 1, 2009
How to start with Forex ?
Start trading with Forex
The easiest way to learn trading with Forex is join virtual Forex. Difference between real and virtual are: virtual forex open 24h and 7 days a week, and you can trade at any time you want. Marketiva is a good placement to start, Marketive support both virtual and real Forex at the same time, you have 10000$ virtual to learn and get experiences with trading, then you can start trade in the real world, Marketiva will bonus you 5$ to trade in the real forex.
Start Forex with Maketiva : What is Marketiva?
With more than 610,000 serviced users, 350,000 unique and live trading accounts, and more than 3.7 million live orders executed each month, Marketiva is one of the most popular over-the-counter market makers in the world.
Payment system you can use on Marketiva:
+ Deposit by Wire Transfer
+ Deposit by WebMoney
+ Deposit by Liberty Reserve
+ Deposit by E-Dinar
To register a new account. It's easy, takes only 5 minutes, and you even earn $5 cash bonus
Register new Marketiva account
After registered account successful, you have to download the Streamster software to trade, you must trade on the software (not by login on the Marketiva website)
Download the Streamster software
Run the install file, following instruction screens:
click Next to continue.
click Finish to complete the installation.
Run Streamster client to start trade: login with your username and password you already registered with Marketiva.
Once you login successful, you can start to trade with Marketiva:
The easiest way to learn trading with Forex is join virtual Forex. Difference between real and virtual are: virtual forex open 24h and 7 days a week, and you can trade at any time you want. Marketiva is a good placement to start, Marketive support both virtual and real Forex at the same time, you have 10000$ virtual to learn and get experiences with trading, then you can start trade in the real world, Marketiva will bonus you 5$ to trade in the real forex.
Start Forex with Maketiva : What is Marketiva?
With more than 610,000 serviced users, 350,000 unique and live trading accounts, and more than 3.7 million live orders executed each month, Marketiva is one of the most popular over-the-counter market makers in the world.
Payment system you can use on Marketiva:
+ Deposit by Wire Transfer
+ Deposit by WebMoney
+ Deposit by Liberty Reserve
+ Deposit by E-Dinar
To register a new account. It's easy, takes only 5 minutes, and you even earn $5 cash bonus
Register new Marketiva account
After registered account successful, you have to download the Streamster software to trade, you must trade on the software (not by login on the Marketiva website)
| File Version: | 1.2494 |
| File Size: | 514 KB |
| Platform: | Windows 98 / Me / 2000 / XP / Vista |
Download the Streamster software
Run the install file, following instruction screens:
click Finish to complete the installation.
Run Streamster client to start trade: login with your username and password you already registered with Marketiva.
Once you login successful, you can start to trade with Marketiva:
From this main windows, you can perform trade with the Forex world.
What Is Forex ?
What is Foreign Exchange market ?
The Foreign Exchange market, also referred to as the "Forex" or "FX" market, is the largest financial market in the world, with a daily average turnover of well over US$1 trillion -- 30 times larger than the combined volume of all U.S. equity markets. Unlike other financial markets, the forex market has no physical location or central exchange. It is an over-the-counter market where buyers and sellers including banks, corporations, and private investors conduct business. A true 24-hour market, Forex trading begins each day in Sydney, and moves around the globe as the business day begins in each financial center, first to Tokyo, London, and New York. Unlike any other financial market, investors can respond to currency fluctuations caused by economic, social and political events at the time they occur - day or night. The huge number and diversity of players involved make it difficult for even governments to control the direction of the market. The unmatched liquidity and around-the-clock global activity make forex the ideal market for active traders.
Traditionally the forex market was only available to larger entities trading currencies for commercial and investment purposes through banks. Now trading platforms, such as the RF2000TM, allow smaller financial institutions and retail investors access to a similar level of liquidity as the major foreign exchange banks, by offering a gateway to the primary (Interbank) market. In the forex market currencies are always priced in pairs; therefore all trades result in the simultaneous buying of one currency and the selling of another. The objective of currency trading is to exchange one currency for another in the expectation that the market rate or price will change so that the currency you bought has increased its value relative to the one you sold. If you have bought a currency and the price appreciates in value, the trader must sell the currency back in order to lock in the profit. An open trade or position is one in which a trader has either bought/sold one currency pair and has not sold/bought back the equivalent amount to effectively close the position.
The first currency in the pair is referred to as the base currency, and the second currency is the counter or quote currency. This means that quotes are expressed as a unit of 1 of the first currency quoted per the other currency quoted in the pair. As with all financial products, FX quotes include a "bid" and "ask". The bid is the price at which a market maker (Realtime Forex) is willing to buy (and clients can sell) the base currency in exchange for the counter currency. The ask is the price at which a market maker (Realtime Forex) will sell (and clients can buy) the base currency in exchange for the counter currency. The difference between the bid and the ask price is referred to as the spread.
The market
The currency trading (foreign exchange, Forex, FX) market is the biggest and fastest growing market on earth. Its daily turnover is more than 2.5 trillion dollars. The participants in this market are central and commercial banks, corporations, institutional investors, hedge funds, and private individuals like you.
What happens in the market
Markets are places where goods are traded, and the same goes with Forex. In Forex markets, the “goods" are the currencies of various countries (as well as gold and silver). For example, you might buy euro with US dollars, or you might sell Japanese Yen for Canadian dollars. It’s as basic as trading one currency for another. Of course, you don’t have to purchase or sell actual, physical currency: you trade and work with your own base currency, and deal with any currency pair
you wish to.
Leverage is the Forex advantage
The ratio of investment to actual value is called “leverage". Using a $1,000 to buy a Forex contract with a $100,000 value is “leveraging" at a 1:100 ratio. The $1,000 is all you invest and all you risk, but the gains you can make may be many times greater.
How does one profit in the Forex market
Obviously, buy low and sell high! The profit potential comes from the fluctuations (changes) in the currency exchange market. Unlike the stock market, where share are purchased, Forex trading does not require physical purchase of the currencies, but rather involves contracts for amount and exchange rate of currency pairs.
The Foreign Exchange market, also referred to as the "Forex" or "FX" market, is the largest financial market in the world, with a daily average turnover of well over US$1 trillion -- 30 times larger than the combined volume of all U.S. equity markets. Unlike other financial markets, the forex market has no physical location or central exchange. It is an over-the-counter market where buyers and sellers including banks, corporations, and private investors conduct business. A true 24-hour market, Forex trading begins each day in Sydney, and moves around the globe as the business day begins in each financial center, first to Tokyo, London, and New York. Unlike any other financial market, investors can respond to currency fluctuations caused by economic, social and political events at the time they occur - day or night. The huge number and diversity of players involved make it difficult for even governments to control the direction of the market. The unmatched liquidity and around-the-clock global activity make forex the ideal market for active traders.
Traditionally the forex market was only available to larger entities trading currencies for commercial and investment purposes through banks. Now trading platforms, such as the RF2000TM, allow smaller financial institutions and retail investors access to a similar level of liquidity as the major foreign exchange banks, by offering a gateway to the primary (Interbank) market. In the forex market currencies are always priced in pairs; therefore all trades result in the simultaneous buying of one currency and the selling of another. The objective of currency trading is to exchange one currency for another in the expectation that the market rate or price will change so that the currency you bought has increased its value relative to the one you sold. If you have bought a currency and the price appreciates in value, the trader must sell the currency back in order to lock in the profit. An open trade or position is one in which a trader has either bought/sold one currency pair and has not sold/bought back the equivalent amount to effectively close the position.
The first currency in the pair is referred to as the base currency, and the second currency is the counter or quote currency. This means that quotes are expressed as a unit of 1 of the first currency quoted per the other currency quoted in the pair. As with all financial products, FX quotes include a "bid" and "ask". The bid is the price at which a market maker (Realtime Forex) is willing to buy (and clients can sell) the base currency in exchange for the counter currency. The ask is the price at which a market maker (Realtime Forex) will sell (and clients can buy) the base currency in exchange for the counter currency. The difference between the bid and the ask price is referred to as the spread.
The market
The currency trading (foreign exchange, Forex, FX) market is the biggest and fastest growing market on earth. Its daily turnover is more than 2.5 trillion dollars. The participants in this market are central and commercial banks, corporations, institutional investors, hedge funds, and private individuals like you.
What happens in the market
Markets are places where goods are traded, and the same goes with Forex. In Forex markets, the “goods" are the currencies of various countries (as well as gold and silver). For example, you might buy euro with US dollars, or you might sell Japanese Yen for Canadian dollars. It’s as basic as trading one currency for another. Of course, you don’t have to purchase or sell actual, physical currency: you trade and work with your own base currency, and deal with any currency pair
you wish to.
Leverage is the Forex advantage
The ratio of investment to actual value is called “leverage". Using a $1,000 to buy a Forex contract with a $100,000 value is “leveraging" at a 1:100 ratio. The $1,000 is all you invest and all you risk, but the gains you can make may be many times greater.
How does one profit in the Forex market
Obviously, buy low and sell high! The profit potential comes from the fluctuations (changes) in the currency exchange market. Unlike the stock market, where share are purchased, Forex trading does not require physical purchase of the currencies, but rather involves contracts for amount and exchange rate of currency pairs.
About Forex
History of Foreign Exchange (Forex)
The word FOREX is derived from Foreign Exchange and is the largest financial market in the world. Unlike many markets the FX market is open 24 hours per day and has an estimated $1.2 Trillion in turnover every day. This tremendous turnover is more than the combined turnover of all the wordls' stock markets on any given day. This tends to lead to a very liquid market and thus a desirable market to trade. Unlike many other securities (any financial instrument that can be traded) the FX market does not have a fixed exchange. It is primarily traded through banks, brokers, dealers, financial institutions and private individuals. Trades are executed through phone and increasingly through the Internet. It is only in the last few years that the smaller investor has been able to gain access to this market. Previously the large amounts of deposits required precluded the smaller investors. With the advent of the Internet and growing competition it is now easily in the reach of most investors.
You will often hear the term INTERBANK discussed in FX terminology. This originally, as the name implies was simply banks and large institutions exchanging information about the current rate at which their clients or themselves were prepared to buy or sell a currency. INTER meaning between and Bank meaning deposit taking institutions normally made up of banks, large institution, brokers or even the government. The market has moved on to such a degree now that the term interbank now means anybody who is prepared to buy or sell a currency. It could be two individuals or your local travel agent offering to exchange Euros for US Dollars. You will however find that most of the brokers and banks use centralized feeds to insure reliability of quote. The quotes for Bid (buy) and Offer (sell) will all be from reliable sources. These quotes are normally made up of the top 300 or so large institutions. This insures that if they place an order on your behalf that the institutions they have placed the order with is capable of fulfilling the order. Now although we have spoken about orders being fulfilled, it is estimated that anywhere from 70%-90% of the FX market is speculative. In other words the person or institution that bought or sold the currency has no intention of actually taking delivery of the currency. Instead they were solely speculating on the movement of that particular currency.
The word FOREX is derived from Foreign Exchange and is the largest financial market in the world. Unlike many markets the FX market is open 24 hours per day and has an estimated $1.2 Trillion in turnover every day. This tremendous turnover is more than the combined turnover of all the wordls' stock markets on any given day. This tends to lead to a very liquid market and thus a desirable market to trade. Unlike many other securities (any financial instrument that can be traded) the FX market does not have a fixed exchange. It is primarily traded through banks, brokers, dealers, financial institutions and private individuals. Trades are executed through phone and increasingly through the Internet. It is only in the last few years that the smaller investor has been able to gain access to this market. Previously the large amounts of deposits required precluded the smaller investors. With the advent of the Internet and growing competition it is now easily in the reach of most investors.
You will often hear the term INTERBANK discussed in FX terminology. This originally, as the name implies was simply banks and large institutions exchanging information about the current rate at which their clients or themselves were prepared to buy or sell a currency. INTER meaning between and Bank meaning deposit taking institutions normally made up of banks, large institution, brokers or even the government. The market has moved on to such a degree now that the term interbank now means anybody who is prepared to buy or sell a currency. It could be two individuals or your local travel agent offering to exchange Euros for US Dollars. You will however find that most of the brokers and banks use centralized feeds to insure reliability of quote. The quotes for Bid (buy) and Offer (sell) will all be from reliable sources. These quotes are normally made up of the top 300 or so large institutions. This insures that if they place an order on your behalf that the institutions they have placed the order with is capable of fulfilling the order. Now although we have spoken about orders being fulfilled, it is estimated that anywhere from 70%-90% of the FX market is speculative. In other words the person or institution that bought or sold the currency has no intention of actually taking delivery of the currency. Instead they were solely speculating on the movement of that particular currency.
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