How To Trade Forex Transactions

The following is explained again How Forex Transactions, this material is basic level material but very important for beginner traders because we see there are still many prospective traders who are confused about how to do forex transactions or forex trading.

There is a basic concept that must be understood in advance about how to profit when forex transactions.

This is what you should understand:

forex transaction concept 1 forex transaction concept 2

So, forex trading / Forex transactions that there are 2 types of openings and closing transactions.

When you initiate an opening transaction, it is called OPEN POSITION / OPEN, because you open yourself up to the possibility of profit or loss.

While when you make a closing transaction, it is called CLOSE POSITION / CLOSE because you close all possibilities to profit or loss, and make a profit and loss it becomes a reality.

so it can be said that forex transactions are plot: OPEN POSITION and CLOSE POSITION, or OPEN ago CLOSE.

What's up here to understand? Forex transactions that OPEN - CLOSE, OPEN - CLOSE, OPEN - CLOSE continue like that. That's the general picture.

OPEN type there are 2 ie BUY and SELL

What does it mean we can buy and sell first? yes, in forex trading it is so, but you do not need to be confused, and no need to be confused too deep, if explained will be long. You just know that in forex transactions we can BUY first or SELL first. That is all.

Now how to make the transaction profitable?

Fortunately / profit you will get if:

No matter what the price is now, you BUY then the price is CLOSED then you CLOSE

or

No matter the price now, you SELL then the price is DOWN and then CLOSE

So it can be said of forex trading formula that fortunately it:

BUY ==> Up Price ==> CLOSE

SELL ==> Lower Price ==> CLOSE

So if you want to profit you have to know the price of whether or not going to Go Down so you can determine whether Buy or Sell.

Regarding how to know the price going up or going down please learn forex technical analysis.

We continue how to practice forex transactions. Here's an example of how to forex transactions:

1. First please login to metatrader, then analyze the price will go up or want to go down

2. For a transaction, right-click in the blank area of ​​the chart, select Trading, choose New Order

3. Next select BUY or SELL, suppose from the results of the analysis we predicted that the price would rise, then select the Buy button (the blue)

4. If your internet connection is not good, then sometimes have to wait a while
5. If it looks Succes / successful, click OK

6. You can see in the Terminal window (at the bottom of metatrader) there is transaction data that you have done. There is a transaction number / order number, time of the transaction and others.

in the far right column there is a Profit column, that's the potential result of your transaction. If the value is minus, it's a potential loss. If the value is a plus, it's a profit potential.

At the time of the transaction, the result will be directly minus. This minus is because of the spread (rough language: broker commissions). So do not be surprised when the transaction results directly minus, that's because you pay commissions on the broker.


7. After a while, if the profit potential is worth the amount you want, or you already feel the amount of profit is enough, do CLOSE, so that profitability profits that turned into a real profit that will go into your account.

The way to CLOSE the transaction is right click on the transaction data line, then select Close Order.


8. After the transaction in Close, the amount of profit will increase the balance of capital / balance (note the amount of balance)


That's how the forex transactions, the point: First analysis (determine whether the price will go up or want to go down) then take a decision to BUY or SELL. after the amount of profit is enough, stay in CLOSE.