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Sabtu, 16 Februari 2008

How to Begin Trading in the Forex market?

Here are the steps - the start of trading:

1. Open a Marketiva account (Live / Demo) (Free) or click below :

KODE Banner ENG_marketiva_468x60_1

2. Download a Streamster software
Install the software on your computer

clip_image002[4]

3. Sign-in with a username and password of your account

clip_image004[4]

4. Upload Photo Id & Address- Remember do not make trades before your ID is confirmed!

To avoid the practice of money laundring action and other crimes, immediately do upload photos and addresses of identification (ID / SIM / Passport) after registering an account through Streamster ™ software or website threatening.. Figure (image) in the JPEG format or at least greyscale color (black and white are not accepted) with a maximum size of each 100Kb per picture. You can use 1 type of document (ID / SIM / Passport) only for 2 functions at once, but the second field image should fill in all-time uploading.

After the picture (photo) in the identification verified, you can do online trading through news ™ client software market. If you are still forced to make trades before the ID photo and your address on your account verified then you will be canceled!

5. Confirm your identification- After this you can start trading (if you already have an account and libertyreserve exchanger, and do not want to deposit additional capital)

6. Create an account Liberty Reserve to process transactions

7. Deposit when you need to add capital to trading (see how the transaction)

8. You Start Trading

After the market entry in the account, you can order trading. There are 2 kinds desk is available, namely the Virtual Forex and Forex Live. In the Virtual Forex, you are given a virtual money (virtual) of U.S. $ 10,000 - Virtual Forex is useful to practice the skill of trading if you still want to try, try. In the Live Forex, you are given real money (real) FREE of $ 5US as the initial capital that can be melted and become fully owned by you if you do get the Live Forex and profit, but if you experience loss (loss) to cash out $ 5US then you also will not be any loss. To be able to keep trading, you can add capital (deposit) to the account of threatening you at least $ 1US, it is not easy and cheap?

. You can do live in the Forex market during the 24-hour non-stop from Monday to Saturday 04.00AM to 04.00AM time or WIB GMT +7.

Below the display is the client software Streamster ™

clip_image006[4]

: The main objective in forex trading is the benefit (profit) from the difference between open and closed position, which can be achieved with 2 ways, namely:

»Buy low price in advance and then sell at prices higher. (LONG position, and when it will up graph PROFIT)

»Sell first on the high price and Buy at lower prices (SHORT position, and when it will be down a graph PROFIT)

Display menu Order pages:

clip_image008

On the menu Order pages you can choose: Instruments currency, price, quantity, options desk, buy / sell, the value of exit Stop-Loss and Exit value target.

Leverage (power bob), which is used is 1:100 (1% insurance requirements) means if you want to trade with the quantity 200, you must have at least $ 2 in your account. For while we will lock (as a guarantee should not be here because of the debt) $ 2 you until you close your position. So if you have $ 5 on the Live Forex desk, so you can easily trading on the quantity 200. To be able to trade on a larger quantity so you need to increase the capital in your account.

Please note the position inviting to close the margin with a value of the account at your desk Live Forex. For example If you have a $ 200 trade in the maximum quantity available is 20,000 and you have 6 position in the order quantity 3000, which means that the margin is 18,000 -> $ 180 will be locked and only $ 20 available for the movement of the market. At the margin to the value of 20,000 then one of your open positions will be closed.. As a suggestion use quantity 10x maximum size of the amount of your account per transaction.

Example: your account balance $ 200 -> quantity maximum size is 2,000 per transaction. You can make 3 to 5 position on the quatity safe. (margins are still 10,000 for 5 position on the quantity 2,000 or 10 positions for quantity 1000).

by

http://greenpipsforex.blogspot.com

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