How to Play Forex Trading
Go back to the explanation of how to play forex especially for new beginners who want to start trading forex. Here's a guide on how to play the right forex trading online for a beginner that is easy and profitable.
Playing forex essentially manages existing capital in a forex account by making a transaction that is buying or selling items available forex market.
What's the matter? the goods are in the form of currency pairs or commonly referred to as Pair. E.g. GBPUSD, EURUSD, GBPJPY and more.
But even if you make a purchase, you do not hold the item, but it is only recorded in your forex account transaction records.
The advantage of this forex game is that of the price difference. For example at this point the GBPUSD price is 1.6580, then you buy a total of 1 lot (100,000 units). At 1 hour interval the GBPUSD price rises to 1.6595, then you close the transaction then your profit is the difference of 100,000 x price of 0.0015 times 100,000 = $ 150
To be profitable in forex play, of course, it should use trading science, and it is basically the science used by traders to play forex is the same, just that-that's all. What distinguishes profit from playing forex is MENTAL of each trader. If you are able to trade regularly / discipline in running its forex strategy, of course the profit. But if it is tossed by the market, it means forgetting on the strategy that has been made so the result is a loss.
So if you are a disciplined person, then your chances to be profitable in playing forex is high enough.
The essence of the stage is to start playing forex ie:
Create a forex account
You can say this stage is the forex broker's stage step to create a forex account / forex account that will be used to cover your capital funds.
Install metatrader
What is metatrader? Metatrader is a software forex trading or forex playground. So this metatrader has to be installed first to PC, laptop, tablet or smartphone which will be used for forex trading.
Deposit
Once the forex account goes, metatrader is installed, it's time to fill in forex account with capital. The process of depositing these capital is called deposit. You can deposit with credit card, transfer using mobile banking or cash deposit, deposit with skrill or fasapay.
Forex Transaction
This is the essence of playing forex trading. Here is your daily activity in forex trading to make a profit.
Where to start forex? Of course, have to list first. Please see our guide on page: FOREX REGISTER
Please follow all the steps in the forex list, where the guide is complete until the deposit stage. Once the forex account is ready and capitalized, then step on the next stage of the forex game itself.
About how the transaction or how to play forex is like this picture:
First, you must know first that in playing forex, you are fortunate if:
- Conduct BUY transactions then the price goes up, then you close the transaction
- SELL transaction then the price goes down, then you close the transaction
So in playing forex, we can profit from the price of moving up and the price is moving down, as long as the type of transaction we do exactly whether it is BUY or SELL it.
Take note, that in playing forex that there are 3 activities that are done are:
Make a Transaction
Waiting for the price to go up or down
Closing the transaction
Let's discuss one by one for the activities of playing forex that you do the results can be profitable.
PRACTICES PLAYING FOREX
* DO TRANSACTIONS
The correct step before making a transaction is to analyze whether the price is going up or going down. So please first analyze the graphic (easier technical analysis) if you want to learn technical analysis please at page: Technical Analysis Guide
For example if you are sure the direction of the graph will go up, then do the transaction BUY. Or for example if you believe the direction of the graph will go down then do SELL transaction.
How to make a transaction:
For example we analyze is pair GBPJPY, and we believe the direction of the graph will go up, then the way of the transaction are:
Click the New Order button in metatrader or it can also Press the F9 key on the keyboard, then set the volume amount of the transaction (lot), then click the Buy by Market button. Then click OK
play forex 1 play forex 2
* PROCESS WAITING
Play forex is not a finished job in a matter of minutes ago you profit, but there is a lag time to go until the price moves first, because the profit of this forex play from the difference in price. Therefore, after making a transaction then the next process is the process of waiting for the results whether the price moved up or down.
In this waiting period please do something else. It is not advisable to keep your computer in front of the screen looking at the graphic because it can interfere with your mentality that can lure you to close transactions prematurely.
Do other normal activities such as eating, coffee, watching tv, chatting with children or other. You may visit chart movement for example 1 hour.
* CLOSING TRANSACTIONS
Once the desired profit is reached, close the transaction so that the profit becomes a reality and log into your account.
The amount of profit can be seen in the profit column to the right of the transaction line. If the value is positive, then it's profit. If the value is negative then it is a loss if the transaction closing.
The way to close the transaction is right click the transaction line and click Close Order
play forex 3
(the picture above is just an illustration of how to make a transaction)
If you have closed the transaction then it means it has completed 1 cycle of playing forex. Then just repeat the cycle while training the analysis and discipline to make transactions when convinced where the direction of the graph.
The better thing when playing forex is to always use STOPLOSS and TAKEPROFIT on every transaction made.
Stoploss is the limit to prevent larger losses. While take profit is to maximize the benefits to be gained.
How to install stoploss or takeprofit can be learned when you follow the Forex Course we held, as well as tips and profit strategies in playing forex.
That is the explanation HOW TO PLAY FOREX online trading, please try. Perhaps interested in getting a direct trading guide please follow our forex course.
Playing forex essentially manages existing capital in a forex account by making a transaction that is buying or selling items available forex market.
What's the matter? the goods are in the form of currency pairs or commonly referred to as Pair. E.g. GBPUSD, EURUSD, GBPJPY and more.
But even if you make a purchase, you do not hold the item, but it is only recorded in your forex account transaction records.
The advantage of this forex game is that of the price difference. For example at this point the GBPUSD price is 1.6580, then you buy a total of 1 lot (100,000 units). At 1 hour interval the GBPUSD price rises to 1.6595, then you close the transaction then your profit is the difference of 100,000 x price of 0.0015 times 100,000 = $ 150
To be profitable in forex play, of course, it should use trading science, and it is basically the science used by traders to play forex is the same, just that-that's all. What distinguishes profit from playing forex is MENTAL of each trader. If you are able to trade regularly / discipline in running its forex strategy, of course the profit. But if it is tossed by the market, it means forgetting on the strategy that has been made so the result is a loss.
So if you are a disciplined person, then your chances to be profitable in playing forex is high enough.
The essence of the stage is to start playing forex ie:
Create a forex account
You can say this stage is the forex broker's stage step to create a forex account / forex account that will be used to cover your capital funds.
Install metatrader
What is metatrader? Metatrader is a software forex trading or forex playground. So this metatrader has to be installed first to PC, laptop, tablet or smartphone which will be used for forex trading.
Deposit
Once the forex account goes, metatrader is installed, it's time to fill in forex account with capital. The process of depositing these capital is called deposit. You can deposit with credit card, transfer using mobile banking or cash deposit, deposit with skrill or fasapay.
Forex Transaction
This is the essence of playing forex trading. Here is your daily activity in forex trading to make a profit.
Where to start forex? Of course, have to list first. Please see our guide on page: FOREX REGISTER
Please follow all the steps in the forex list, where the guide is complete until the deposit stage. Once the forex account is ready and capitalized, then step on the next stage of the forex game itself.
About how the transaction or how to play forex is like this picture:
First, you must know first that in playing forex, you are fortunate if:
- Conduct BUY transactions then the price goes up, then you close the transaction
- SELL transaction then the price goes down, then you close the transaction
So in playing forex, we can profit from the price of moving up and the price is moving down, as long as the type of transaction we do exactly whether it is BUY or SELL it.
Take note, that in playing forex that there are 3 activities that are done are:
Make a Transaction
Waiting for the price to go up or down
Closing the transaction
Let's discuss one by one for the activities of playing forex that you do the results can be profitable.
PRACTICES PLAYING FOREX
* DO TRANSACTIONS
The correct step before making a transaction is to analyze whether the price is going up or going down. So please first analyze the graphic (easier technical analysis) if you want to learn technical analysis please at page: Technical Analysis Guide
For example if you are sure the direction of the graph will go up, then do the transaction BUY. Or for example if you believe the direction of the graph will go down then do SELL transaction.
How to make a transaction:
For example we analyze is pair GBPJPY, and we believe the direction of the graph will go up, then the way of the transaction are:
Click the New Order button in metatrader or it can also Press the F9 key on the keyboard, then set the volume amount of the transaction (lot), then click the Buy by Market button. Then click OK
play forex 1 play forex 2
* PROCESS WAITING
Play forex is not a finished job in a matter of minutes ago you profit, but there is a lag time to go until the price moves first, because the profit of this forex play from the difference in price. Therefore, after making a transaction then the next process is the process of waiting for the results whether the price moved up or down.
In this waiting period please do something else. It is not advisable to keep your computer in front of the screen looking at the graphic because it can interfere with your mentality that can lure you to close transactions prematurely.
Do other normal activities such as eating, coffee, watching tv, chatting with children or other. You may visit chart movement for example 1 hour.
* CLOSING TRANSACTIONS
Once the desired profit is reached, close the transaction so that the profit becomes a reality and log into your account.
The amount of profit can be seen in the profit column to the right of the transaction line. If the value is positive, then it's profit. If the value is negative then it is a loss if the transaction closing.
The way to close the transaction is right click the transaction line and click Close Order
play forex 3
(the picture above is just an illustration of how to make a transaction)
If you have closed the transaction then it means it has completed 1 cycle of playing forex. Then just repeat the cycle while training the analysis and discipline to make transactions when convinced where the direction of the graph.
The better thing when playing forex is to always use STOPLOSS and TAKEPROFIT on every transaction made.
Stoploss is the limit to prevent larger losses. While take profit is to maximize the benefits to be gained.
How to install stoploss or takeprofit can be learned when you follow the Forex Course we held, as well as tips and profit strategies in playing forex.
That is the explanation HOW TO PLAY FOREX online trading, please try. Perhaps interested in getting a direct trading guide please follow our forex course.
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