The secret of how to make big profits with online FOREX trading is staring traders in the face - but most traders don’t see it. The secret is ... Ignore the usual advice you are given, on how to make money in online FOREX trading - and do the opposite! Read each myth outlined below - which are touted as the great ways to make money on the FOREX – then, when you know what’s false, read the truth in the “Reality” that follows each myth. Myth 1: Day Trading Makes you Money No, it doesn’t - and it’s obvious why. Daily movements are totally random - and by the time you throw in commission, and slippage, you’re guaranteed to lose money. This myth is perpetrated by brokers, and vendors on commission kickbacks - that’s why it’s such a common myth. Remember you lose they win – period. Reality - the way to make money in online FOREX trading is to follow the longer-term trend. The big currency trends last for months, or years – so lock into them, and pile up huge profits. Myth 2: You can Buy Success - by Following a Guru or Tip Sheet. For just a few hundred dollars, you can learn systems that trade with 90% accuracy or more. – Yeah, right. If that’s the case, why don’t the vendors and gurus simply keep quite, and make money for themselves? Answer - because they can’t - it’s all sales hype. Reality - if you want to make huge profits by FOREX trading, the reality is - no one can give you success - you need to take responsibility, and do it for yourself. All the great traders do this - and you must too. Myth 3: There is a Safe Way to Trade Currencies Most traders don’t like risk - they believe people that say that you can trade “safely”. Traders try and follow scientific theories - and believe it when told, that they only need to risk a few hundred dollars, to make thousands. Reality - online FOREX Trading involves risk - pure and simple. If you don’t want to take risks, put your money in the bank, and earn interest. If you want to make money, be selective on the trades you make - and have confidence in your own judgement. If you take calculated risks on trades with good odds, you will pile up huge profits. Myth 4: Buy Out of the Money Options for Leverage In FOREX trading, options give you unlimited profit potential with limited risk - so brokers tell you to buy out of the money, cheap options with little time value. These options give you greater leverage - and you can then make huge profits, when your option trades “in the money” Reality - out of the money options, with large time decay, are cheap - because the odds of them trading in the money are small. I n FOREX trading, this is the same as backing the outsider in a horse race - of course, you can be lucky, but over time, you lose. Buy in the money options, with lots of time value. You won’t make as much per trade, but you will make huge profits over time - and your odds of success are far better. Myth 5: Timing the Entry to a Trade is Crucial Many brokers and gurus say you need to be in, ahead of the move - and predict the market tops and bottoms. You will then get all the profit from the move. Reality - trying to pick tops and bottoms is a mugs game - wait for confirmation, and then catch the trend as it gets underway. Sure, you’ll miss the absolute top and bottom, but no one can pick those anyway - so don’t even try. If you get even 70% of the big moves in FOREX trading you’ll make huge profits. Read articles on breakout systems, for more information on how to do this. Step Away from the Crowd As you can see, the way to make money in online FOREX trading is to step away from the 90% of traders who lose money - and join the elite 10%, who make the big profits from the big moves. Ignore the conventional wisdom, and understand the reality - and get rich!
Sunday, July 8, 2007
ABOUT FOREX
The secret of how to make big profits with online FOREX trading is staring traders in the face - but most traders don’t see it. The secret is ... Ignore the usual advice you are given, on how to make money in online FOREX trading - and do the opposite! Read each myth outlined below - which are touted as the great ways to make money on the FOREX – then, when you know what’s false, read the truth in the “Reality” that follows each myth. Myth 1: Day Trading Makes you Money No, it doesn’t - and it’s obvious why. Daily movements are totally random - and by the time you throw in commission, and slippage, you’re guaranteed to lose money. This myth is perpetrated by brokers, and vendors on commission kickbacks - that’s why it’s such a common myth. Remember you lose they win – period. Reality - the way to make money in online FOREX trading is to follow the longer-term trend. The big currency trends last for months, or years – so lock into them, and pile up huge profits. Myth 2: You can Buy Success - by Following a Guru or Tip Sheet. For just a few hundred dollars, you can learn systems that trade with 90% accuracy or more. – Yeah, right. If that’s the case, why don’t the vendors and gurus simply keep quite, and make money for themselves? Answer - because they can’t - it’s all sales hype. Reality - if you want to make huge profits by FOREX trading, the reality is - no one can give you success - you need to take responsibility, and do it for yourself. All the great traders do this - and you must too. Myth 3: There is a Safe Way to Trade Currencies Most traders don’t like risk - they believe people that say that you can trade “safely”. Traders try and follow scientific theories - and believe it when told, that they only need to risk a few hundred dollars, to make thousands. Reality - online FOREX Trading involves risk - pure and simple. If you don’t want to take risks, put your money in the bank, and earn interest. If you want to make money, be selective on the trades you make - and have confidence in your own judgement. If you take calculated risks on trades with good odds, you will pile up huge profits. Myth 4: Buy Out of the Money Options for Leverage In FOREX trading, options give you unlimited profit potential with limited risk - so brokers tell you to buy out of the money, cheap options with little time value. These options give you greater leverage - and you can then make huge profits, when your option trades “in the money” Reality - out of the money options, with large time decay, are cheap - because the odds of them trading in the money are small. I n FOREX trading, this is the same as backing the outsider in a horse race - of course, you can be lucky, but over time, you lose. Buy in the money options, with lots of time value. You won’t make as much per trade, but you will make huge profits over time - and your odds of success are far better. Myth 5: Timing the Entry to a Trade is Crucial Many brokers and gurus say you need to be in, ahead of the move - and predict the market tops and bottoms. You will then get all the profit from the move. Reality - trying to pick tops and bottoms is a mugs game - wait for confirmation, and then catch the trend as it gets underway. Sure, you’ll miss the absolute top and bottom, but no one can pick those anyway - so don’t even try. If you get even 70% of the big moves in FOREX trading you’ll make huge profits. Read articles on breakout systems, for more information on how to do this. Step Away from the Crowd As you can see, the way to make money in online FOREX trading is to step away from the 90% of traders who lose money - and join the elite 10%, who make the big profits from the big moves. Ignore the conventional wisdom, and understand the reality - and get rich!
Forex Trading - The Next Hottest Home Based Business?
When running a home-based business, a person quickly gains knowledge of how the business world works. Whether it be selling crafts, doing a home delivery business, or selling real-estate, after investing a lot of time and effort into a home or small business, a person quickly becomes aware of the few basic business truths that govern business. One of those truths is that you have to have time and money to start a small business or any business for that matter. More often than not, the people that have the time don't have the money to invest in a home-based business and the people that have the money don't have the time. With Forex Trading, it is quite possible to generate an income with a small time investment per day, after studying FOREX for a few months, and a very small investment as little as $50 in some cases. The second truth, and these are probably quite obvious to most people, is that in order to make money a business has to have some sort of product to sell or perform some type of service. In the FOREX world, nothing is being sold and no service is being performed, but rather money is being exchanged. You are making a profit based on the actual exchange value of one currency against another currency. This eliminates the need for employees, such as customer service personnel and human resource people if your company were to become that big. Also, because of the huge size of the FOREX market, trading nearly $1.5 trillion dollars a day, such things as social events, bad publicity, and changes in political climate will have no effect on your business. In fact, after studying FOREX, you will be able to see how these things will actually benefit your FOREX business. The third and last classical business truth is that most people are prevented from starting a home-based business because they don't feel good enough about themselves. They don't feel like they're educated enough. If you want to do it, step out. Take that first step. Don't drop any huge sums of money, of course, but do a little research, make a small investment and start your adventure down to the road to FOREX trading. You don't need a doctorite degree to get involved with FOREX trading, but after a couple of months of good study, it's quite possible to generate a significant source of cash from FOREX trading.
Sunday, June 24, 2007
Quoting Conventions
In the Foreign Exchange market, currencies are traded in pairs. For instance, a speculator may trade the Euro versus the US Dollar, EUR/USD, or the US Dollar versus the Japanese Yen, USD/JPY. The base currency is the term for the first currency in the pair. The counter currency is the term for the second currency in the pair. The exchange rate represents the number of units of the counter currency that one unit of the base currency can purchase.
Traders in the Foreign Exchange market are speculating on the exchange rate between two currencies. Exchange rates measure the relative strength of one currency to another. Speculators make buy and sell decisions on currency pairs based on fundamental and technical analysis, with the intention of the exchange rate moving in their favor.
EUR/USD
In this example euro is the base currency and thus the “basis” for the buy/sell.
If you believe that the US economy will continue to weaken and this will hurt the US dollar, you would execute a BUY EUR/USD order. By doing so you have bought euros in the expectation that they will appreciate versus the US dollar. If you believe that the US economy is strong and the euro will weaken against the US dollar you would execute a SELL EUR/USD order. By doing so you have sold euros in the expectation that they will depreciate versus the US dollar.
USD/JPY
In this example the US dollar is the base currency and thus the “basis” for the buy/sell.
If you think that the Japanese government is going to weaken the yen in order to help its export industry, you would execute a BUY USD/JPY order. By doing so you have bought U.S dollars in the expectation that they will appreciate versus the Japanese yen. If you believe that Japanese investors are pulling money out of U.S. financial markets and repatriating funds back to Japan, and this will hurt the US dollar, you would execute a SELL USD/JPY order. By doing so you have sold U.S dollars in the expectation that they will depreciate against the Japanese yen.
GBP/USD
In this example the GBP is the base currency and thus the “basis” for the buy/sell.
If you think the British economy will continue to be the leading economy among the G7 nations in terms of growth, thus buying the pound, you would execute a BUY GBP/USD order. By doing so you have bought pounds in the expectation that they will appreciate versus the US dollar. If you believe the British are going to adopt the euro and this will weaken pounds as they devalue their currency in anticipation of the merge, you would execute a SELL GBP/USD order. By doing so you have sold pounds in the expectation that they will depreciate against the US dollar.
USD/CHF
In this example the USD is the base currency and thus the “basis” for the buy/sell.
If you think the Swiss franc is overvalued, you would execute a BUY USD/CHF order. By doing so you have bought US dollars in the expectation that they will appreciate versus the Swiss Franc. If you believe that due to instability in the Middle East and in U.S. financial markets the dollar will continue to weaken, you would execute a SELL USD/CHF order. By doing so you have sold US dollars in the expectation that they will depreciate against the Swiss franc.
Sample Trade
A trader wishes to speculate on EUR/USD. Believing that the EUR will rise against the USD, or that the exchange rate will move upwards, the trader places an order to buy EUR/USD at a market rate of 1.3050. Let us also assume that the trader is speculating on 100,000 units of the base currency, which is the standard lot size, or trading increment, used in the Foreign Exchange market. Since the base currency is the first currency in the pair, the trader is speculating on the value of 100,000 Euros with respect to the US Dollar.
In this example, the trader is buying Euros, since he believes the Euro will rise in value with respect to the US Dollar. Accordingly, he finances the transaction of buying 100,000 Euros by borrowing an equivalent amount of US Dollars.
For the trader, the value of the amount borrowed is a function of the exchange rate. Since the exchange rate at the time of the transaction was 1.3050, the market cost for 1 Euro was 1.3050 US Dollars. Hence, 100,000 Euros cost $130,500 (1.3050 * 100,000). This borrowed amount of 130,500 USD must be paid back when the transaction is closed.
Let’s assume that the trader is correct in assuming that the Euro would rise in value with respect to the USD, and that the exchange rate moved to 1.3150, 100 pips above the rate at which the trader entered. If the trader were to close his position now, the 100,000 Euros he purchased at the onset of the transaction would be sold, and his debt of 130,500 US Dollars would be paid off.
At an exchange rate of 1.3150, the trader’s 100,000 Euros are now worth 131,500 US Dollars (100,000 * 1.3150). After repaying the borrowed amount of 130,500, this leaves him with a profit of $1,000.
Traders have equal opportunities to profit regardless of whether the exchange rate is rising or falling.
Spread & Bid / Ask
When viewing quotes, you will notice that there are two prices for each currency pair. Similar to all financial products, FX quotes include a "bid' and "ask". The bid is the price at which a dealer 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 dealer is willing to sell and a client can buy.
Bid = The Price at which the Trader (You) Can Sell
Ask = The Price at which the Trader (You) Can Buy
For example, say the EUR/USD is trading at 1.3050 x 1.3053. In this case, the bid is 1.3050 and the ask is 1.3053. The difference between the bid and ask constitutes the spread. In the above example, the spread is 3 pips, or points. This differential reflects the cost of the trade. Essentially, the market would have to move 3 pips in your favor for you to break even, and 4 pips for you to be in your profit zone.
Structure of The Market
The FX market is an over-the-counter market with no centralized exchange. Traders have a choice between firms that offer trade-clearing services.
Unlike many major equities and futures markets, the structure of the FX market is highly decentralized. In other words, there is no central location where trades occur. The New York Stock Exchange, for example, is a totally centralized exchange. All orders pertaining to the purchase or sale of a stock listed on the NYSE are routed to the same dealer and pass through the hands of a single clearing firm. This structure requires buyers and sellers to meet at the NYSE in order to trade a stock that is listed on this exchange. It is for this reason that there is one universally quoted price for a stock at any given time.
In the FX market there are multiple dealers whose business is to unite buyers and sellers. Each dealer has the ability and the authority to execute trades independently of each other. This structure is inherently competitive as traders are faced with a choice between a variety of firms with an equal ability to execute their trades. The firm that offers the best services and execution will capitalize on this market efficiency by attracting the most traders. In the equities markets, the execution of trades is monopolized and there is no incentive for a clearing firm to offer competitive prices, to innovate, or to improve the quality of their service.
Margin
In standard cash stock accounts, money should be deposited for the full amount of the position you are trading, or if you have a margin account, for at least half of the position. This is in contrast to the FX market, where only a small percentage of the actual position value needs to be deposited prior to taking on the trade. This small deposit, known as the margin, is not a down payment, but rather a performance bond or good faith deposit to ensure against trading losses. The margin requirement allows traders to hold positions much larger than their account value (up to 200x the size).
Margin requirements are as low as .5% meaning for every standard lot size of 100,000 units, you must commit $500. However, if you wanted to control a $100,000 in the stock market, you would have to deposit at the very least, $50,000. Even in the futures market you would have to deposit at least $5,000 to control a $100,000 position.
Currency Abbreviations
Below is a list of the abbreviations for various currencies that are commonly traded in the FX market:
EUR = Euro
GBP = British Pound (Sterling, Cable)
JPY = Japanese Yen
CHF = Swiss Franc (Swissie)
USD = United States Dollar
NZD = New Zealand Dollar (Kiwi)
AUD = Australian Dollar (Aussie)
CAD = Canadian Dollar
WHAT DRIVES THE CURRENCY MARKETS
Currency markets move based on countries’ economic data or different world events, which may affect a particular country’s economy.
Market Sentiment
Market sentiment can defy logic; market psychology often contradicts business reality. But in the real world, perception can become reality, at least for a time. Therefore, you must at times be prepared to make moves that are against your better judgment. The flip side is that at other times, your investor intuition can prove to be more valuable than painstaking analysis.
CURRENCY BROKERAGE FIRMS
Currency Brokers are firms or agents of large banks that take orders from different clients, companies or countries for an amount of currency that needs to be bought or sold and converted from one to another. Brokerage firms also allow clients to speculate on the values that a currency will move to in the future. Brokers in the U.S. are required to be licensed and are regulated by the NFA or National Futures Association. Most brokerage firms clear their currency purchases through large InterBank Clearing Desks run by the world’s largest banks.
THE SMART INVESTOR
THE SMART INVESTOR Although risk is an inseparable part of the currency market, here are some tips to minimize it: • Use strict Money Management techniques. • Invest only as much as you can afford to lose. Don’t get in over your head. • Don’t trade just to trade. • Always use stop losses to ensure that you’re able to trade again the next opportunity. • Trade with the current trend because the probability of a winning trade is much higher. • Monitor your trades often and don’t be afraid to reassess your positions.
Traders in the Foreign Exchange market are speculating on the exchange rate between two currencies. Exchange rates measure the relative strength of one currency to another. Speculators make buy and sell decisions on currency pairs based on fundamental and technical analysis, with the intention of the exchange rate moving in their favor.
EUR/USD
In this example euro is the base currency and thus the “basis” for the buy/sell.
If you believe that the US economy will continue to weaken and this will hurt the US dollar, you would execute a BUY EUR/USD order. By doing so you have bought euros in the expectation that they will appreciate versus the US dollar. If you believe that the US economy is strong and the euro will weaken against the US dollar you would execute a SELL EUR/USD order. By doing so you have sold euros in the expectation that they will depreciate versus the US dollar.
USD/JPY
In this example the US dollar is the base currency and thus the “basis” for the buy/sell.
If you think that the Japanese government is going to weaken the yen in order to help its export industry, you would execute a BUY USD/JPY order. By doing so you have bought U.S dollars in the expectation that they will appreciate versus the Japanese yen. If you believe that Japanese investors are pulling money out of U.S. financial markets and repatriating funds back to Japan, and this will hurt the US dollar, you would execute a SELL USD/JPY order. By doing so you have sold U.S dollars in the expectation that they will depreciate against the Japanese yen.
GBP/USD
In this example the GBP is the base currency and thus the “basis” for the buy/sell.
If you think the British economy will continue to be the leading economy among the G7 nations in terms of growth, thus buying the pound, you would execute a BUY GBP/USD order. By doing so you have bought pounds in the expectation that they will appreciate versus the US dollar. If you believe the British are going to adopt the euro and this will weaken pounds as they devalue their currency in anticipation of the merge, you would execute a SELL GBP/USD order. By doing so you have sold pounds in the expectation that they will depreciate against the US dollar.
USD/CHF
In this example the USD is the base currency and thus the “basis” for the buy/sell.
If you think the Swiss franc is overvalued, you would execute a BUY USD/CHF order. By doing so you have bought US dollars in the expectation that they will appreciate versus the Swiss Franc. If you believe that due to instability in the Middle East and in U.S. financial markets the dollar will continue to weaken, you would execute a SELL USD/CHF order. By doing so you have sold US dollars in the expectation that they will depreciate against the Swiss franc.
Sample Trade
A trader wishes to speculate on EUR/USD. Believing that the EUR will rise against the USD, or that the exchange rate will move upwards, the trader places an order to buy EUR/USD at a market rate of 1.3050. Let us also assume that the trader is speculating on 100,000 units of the base currency, which is the standard lot size, or trading increment, used in the Foreign Exchange market. Since the base currency is the first currency in the pair, the trader is speculating on the value of 100,000 Euros with respect to the US Dollar.
In this example, the trader is buying Euros, since he believes the Euro will rise in value with respect to the US Dollar. Accordingly, he finances the transaction of buying 100,000 Euros by borrowing an equivalent amount of US Dollars.
For the trader, the value of the amount borrowed is a function of the exchange rate. Since the exchange rate at the time of the transaction was 1.3050, the market cost for 1 Euro was 1.3050 US Dollars. Hence, 100,000 Euros cost $130,500 (1.3050 * 100,000). This borrowed amount of 130,500 USD must be paid back when the transaction is closed.
Let’s assume that the trader is correct in assuming that the Euro would rise in value with respect to the USD, and that the exchange rate moved to 1.3150, 100 pips above the rate at which the trader entered. If the trader were to close his position now, the 100,000 Euros he purchased at the onset of the transaction would be sold, and his debt of 130,500 US Dollars would be paid off.
At an exchange rate of 1.3150, the trader’s 100,000 Euros are now worth 131,500 US Dollars (100,000 * 1.3150). After repaying the borrowed amount of 130,500, this leaves him with a profit of $1,000.
Traders have equal opportunities to profit regardless of whether the exchange rate is rising or falling.
Spread & Bid / Ask
When viewing quotes, you will notice that there are two prices for each currency pair. Similar to all financial products, FX quotes include a "bid' and "ask". The bid is the price at which a dealer 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 dealer is willing to sell and a client can buy.
Bid = The Price at which the Trader (You) Can Sell
Ask = The Price at which the Trader (You) Can Buy
For example, say the EUR/USD is trading at 1.3050 x 1.3053. In this case, the bid is 1.3050 and the ask is 1.3053. The difference between the bid and ask constitutes the spread. In the above example, the spread is 3 pips, or points. This differential reflects the cost of the trade. Essentially, the market would have to move 3 pips in your favor for you to break even, and 4 pips for you to be in your profit zone.
Structure of The Market
The FX market is an over-the-counter market with no centralized exchange. Traders have a choice between firms that offer trade-clearing services.
Unlike many major equities and futures markets, the structure of the FX market is highly decentralized. In other words, there is no central location where trades occur. The New York Stock Exchange, for example, is a totally centralized exchange. All orders pertaining to the purchase or sale of a stock listed on the NYSE are routed to the same dealer and pass through the hands of a single clearing firm. This structure requires buyers and sellers to meet at the NYSE in order to trade a stock that is listed on this exchange. It is for this reason that there is one universally quoted price for a stock at any given time.
In the FX market there are multiple dealers whose business is to unite buyers and sellers. Each dealer has the ability and the authority to execute trades independently of each other. This structure is inherently competitive as traders are faced with a choice between a variety of firms with an equal ability to execute their trades. The firm that offers the best services and execution will capitalize on this market efficiency by attracting the most traders. In the equities markets, the execution of trades is monopolized and there is no incentive for a clearing firm to offer competitive prices, to innovate, or to improve the quality of their service.
Margin
In standard cash stock accounts, money should be deposited for the full amount of the position you are trading, or if you have a margin account, for at least half of the position. This is in contrast to the FX market, where only a small percentage of the actual position value needs to be deposited prior to taking on the trade. This small deposit, known as the margin, is not a down payment, but rather a performance bond or good faith deposit to ensure against trading losses. The margin requirement allows traders to hold positions much larger than their account value (up to 200x the size).
Margin requirements are as low as .5% meaning for every standard lot size of 100,000 units, you must commit $500. However, if you wanted to control a $100,000 in the stock market, you would have to deposit at the very least, $50,000. Even in the futures market you would have to deposit at least $5,000 to control a $100,000 position.
Currency Abbreviations
Below is a list of the abbreviations for various currencies that are commonly traded in the FX market:
EUR = Euro
GBP = British Pound (Sterling, Cable)
JPY = Japanese Yen
CHF = Swiss Franc (Swissie)
USD = United States Dollar
NZD = New Zealand Dollar (Kiwi)
AUD = Australian Dollar (Aussie)
CAD = Canadian Dollar
WHAT DRIVES THE CURRENCY MARKETS
Currency markets move based on countries’ economic data or different world events, which may affect a particular country’s economy.
Market Sentiment
Market sentiment can defy logic; market psychology often contradicts business reality. But in the real world, perception can become reality, at least for a time. Therefore, you must at times be prepared to make moves that are against your better judgment. The flip side is that at other times, your investor intuition can prove to be more valuable than painstaking analysis.
CURRENCY BROKERAGE FIRMS
Currency Brokers are firms or agents of large banks that take orders from different clients, companies or countries for an amount of currency that needs to be bought or sold and converted from one to another. Brokerage firms also allow clients to speculate on the values that a currency will move to in the future. Brokers in the U.S. are required to be licensed and are regulated by the NFA or National Futures Association. Most brokerage firms clear their currency purchases through large InterBank Clearing Desks run by the world’s largest banks.
THE SMART INVESTOR
THE SMART INVESTOR Although risk is an inseparable part of the currency market, here are some tips to minimize it: • Use strict Money Management techniques. • Invest only as much as you can afford to lose. Don’t get in over your head. • Don’t trade just to trade. • Always use stop losses to ensure that you’re able to trade again the next opportunity. • Trade with the current trend because the probability of a winning trade is much higher. • Monitor your trades often and don’t be afraid to reassess your positions.
What is The Forex ?
If everyone in the world used the same currency, there would be no need for a foreign currency exchange market or foreign exchange rates. However, our world consists of several national currencies and as individuals or companies from one country trade across borders, the need for foreign currency arises. For example, when a U.S. importer buys French wine, either the importer needs Euros to pay the French merchant or the French merchant must accept US Dollars and then convert them to Euros.
The (spot) FOREX, a global market where trades are transacted immediately at current market price, plays a key role in transferring financial payments across borders and moving funds and purchasing power from one currency to another. This international market has played an extensive and direct role in national economies and has a major impact that affects our lives and our prosperity. The movement of different currencies between countries determines a very important price: the exchange rate. It is the exchange rate that allows the currencies to be traded for profit.
The Foreign Exchange is not traded on a physical exchange like the stock market. It is traded via the telephone or through the Internet. This electronic structure has contributed to making the FOREX the largest marketplace in the world. With over $1.5 trillion dollars traded per day versus $25 billion per day traded on the New York Stock Exchange (NYSE), the Foreign Exchange market offers many trading opportunities due to the low cost of executing the transactions and the speed at which the execution occurs. The (spot) FOREX market is open 24 hours a day, six days a week, Sunday evening through Friday afternoon.
Virtually all large institutions and professional traders conduct most of their Foreign Exchange dealing in the (spot) FOREX market. The (spot) FOREX market pairs together currencies from different countries and quotes them according to the values of the respective currency.
The (spot) FOREX market has extremely low margin rates as compared to those of the NYSE. FOREX market brokers offer margin rates anywhere from as low as 1% to 2%. At a 2% margin rate, you can trade $2,000 in a margin account and control $100,000 in currency exchange trading capacity. But you must be careful, the leverage can be a double-edged sword and without proper risk management and tools, the market can move against you resulting in the loss of your trading capital.
Most brokers in the (spot) FOREX do not charge a commission. Instead, they are compensated by the difference between the bid and the ask:• Bid – what the trader sells at and what the market buys at• Ask – what the trader buys at and what the market sells atThe difference between the bid and the ask is called the spread. Be sure to read the broker’s disclosure statement; some of them charge transaction fees or ticket charges.Market HoursThe spot FX market is unique to any other market in the world, as trading is available 24-hours a day. Somewhere around the world, a financial center is open for business, and banks and other institutions exchange currencies, every hour of the day and night with generally only minor gaps on the weekend. Essentially foreign exchange markets follow the sun around the world, giving traders the flexibility of determining their trading day.
How market hours work:
Time Zone New York GMT
Tokyo Open 7:00 PM 0:00
Tokyo Close 4:00 AM 9:00
London Open 3:00 AM 8:00
London Close 12:00 PM 17:00
NY Open 8:00 AM 13:00
NY Close 5:00 PM 22:00
Market Participants
Until recently, the Forex market wasn't accessible to the retail trader or individual speculator. With the large minimum transaction sizes and often-stringent financial requirements, banks, hedge funds, major currency dealers and the occasional high net-worth individual speculator were the principal participants. These large traders were able to take advantage of the many benefits offered by the Forex market versus other markets - including vast liquidity, 24-hour market access, and the strong trending nature of the world's primary currency exchange rates.
The (spot) FOREX, a global market where trades are transacted immediately at current market price, plays a key role in transferring financial payments across borders and moving funds and purchasing power from one currency to another. This international market has played an extensive and direct role in national economies and has a major impact that affects our lives and our prosperity. The movement of different currencies between countries determines a very important price: the exchange rate. It is the exchange rate that allows the currencies to be traded for profit.
The Foreign Exchange is not traded on a physical exchange like the stock market. It is traded via the telephone or through the Internet. This electronic structure has contributed to making the FOREX the largest marketplace in the world. With over $1.5 trillion dollars traded per day versus $25 billion per day traded on the New York Stock Exchange (NYSE), the Foreign Exchange market offers many trading opportunities due to the low cost of executing the transactions and the speed at which the execution occurs. The (spot) FOREX market is open 24 hours a day, six days a week, Sunday evening through Friday afternoon.
Virtually all large institutions and professional traders conduct most of their Foreign Exchange dealing in the (spot) FOREX market. The (spot) FOREX market pairs together currencies from different countries and quotes them according to the values of the respective currency.
The (spot) FOREX market has extremely low margin rates as compared to those of the NYSE. FOREX market brokers offer margin rates anywhere from as low as 1% to 2%. At a 2% margin rate, you can trade $2,000 in a margin account and control $100,000 in currency exchange trading capacity. But you must be careful, the leverage can be a double-edged sword and without proper risk management and tools, the market can move against you resulting in the loss of your trading capital.
Most brokers in the (spot) FOREX do not charge a commission. Instead, they are compensated by the difference between the bid and the ask:• Bid – what the trader sells at and what the market buys at• Ask – what the trader buys at and what the market sells atThe difference between the bid and the ask is called the spread. Be sure to read the broker’s disclosure statement; some of them charge transaction fees or ticket charges.Market HoursThe spot FX market is unique to any other market in the world, as trading is available 24-hours a day. Somewhere around the world, a financial center is open for business, and banks and other institutions exchange currencies, every hour of the day and night with generally only minor gaps on the weekend. Essentially foreign exchange markets follow the sun around the world, giving traders the flexibility of determining their trading day.
How market hours work:
Time Zone New York GMT
Tokyo Open 7:00 PM 0:00
Tokyo Close 4:00 AM 9:00
London Open 3:00 AM 8:00
London Close 12:00 PM 17:00
NY Open 8:00 AM 13:00
NY Close 5:00 PM 22:00
Market Participants
Until recently, the Forex market wasn't accessible to the retail trader or individual speculator. With the large minimum transaction sizes and often-stringent financial requirements, banks, hedge funds, major currency dealers and the occasional high net-worth individual speculator were the principal participants. These large traders were able to take advantage of the many benefits offered by the Forex market versus other markets - including vast liquidity, 24-hour market access, and the strong trending nature of the world's primary currency exchange rates.
Thursday, May 17, 2007
Why do Forex Traders Fail?
The high rate of failure for a new trader can be related to the six major obstacles that a trader faces, which are summarised as follows -
1.Poor Skills
2.Lack of adequate capital
3.Setting unrealistic targets and goals
4.Lack of Patience
5.Lack of discipline
6.High risk aversion.
If we look at the list, it becomes apparent that the failure is as a result of trading without having in place a proper Trading System and a Trading Plan– One that includes mind training, quality Forex education and strategies and sound money management rules.
So what are the Characteristics of a Successful Trader? All we have to do is to reframe the liabilities listed above;
Adequate trading knowledge and understanding. You should seek services of good quality mentors and a trading coach.
Adequate capitalisation – Don’t be fooled that you can earn thousands every week from a starting capital of $500
Realistic Goals – don’t expect 100% profit each month, it simply is not possible.
Have patience – don’t trade if you don’t have to. You should wait for a set-up according to your trading plan and system.
Have Discipline to follow your rules
Understanding and Managing Risk
And lastly the most important is having a Trading System and a Trading Plan. Virtually 90% of Traders that I have coached have never had one!
If you look at the advice from the world’s most successful people or traders today, you will notice that they follow the guidelines as identified above.
“Give me a stock clerk with a goal and I’ll give you a man who will make history. Give me a man with no goals and I’ll give you a stock clerk” – J.C. Penny
“ If you go to work on your goals, your goals will go to work on you. If you go to work on your plan, your plan will go to work on you. Whatever good things we build end up building us.” – Jim Rohn
1.Poor Skills
2.Lack of adequate capital
3.Setting unrealistic targets and goals
4.Lack of Patience
5.Lack of discipline
6.High risk aversion.
If we look at the list, it becomes apparent that the failure is as a result of trading without having in place a proper Trading System and a Trading Plan– One that includes mind training, quality Forex education and strategies and sound money management rules.
So what are the Characteristics of a Successful Trader? All we have to do is to reframe the liabilities listed above;
Adequate trading knowledge and understanding. You should seek services of good quality mentors and a trading coach.
Adequate capitalisation – Don’t be fooled that you can earn thousands every week from a starting capital of $500
Realistic Goals – don’t expect 100% profit each month, it simply is not possible.
Have patience – don’t trade if you don’t have to. You should wait for a set-up according to your trading plan and system.
Have Discipline to follow your rules
Understanding and Managing Risk
And lastly the most important is having a Trading System and a Trading Plan. Virtually 90% of Traders that I have coached have never had one!
If you look at the advice from the world’s most successful people or traders today, you will notice that they follow the guidelines as identified above.
“Give me a stock clerk with a goal and I’ll give you a man who will make history. Give me a man with no goals and I’ll give you a stock clerk” – J.C. Penny
“ If you go to work on your goals, your goals will go to work on you. If you go to work on your plan, your plan will go to work on you. Whatever good things we build end up building us.” – Jim Rohn
Saturday, March 3, 2007
BAGAIMANA CARA MELAKUKAN TRANSAKSI/TRADING?
Transaksi di Forex berbeza dengan jual beli biasa. Jika jual beli biasa selalu di awali dengan beli mata wang dan jika harganya naik baru kita jual. Tapi di forex transaksinya berupa Pasangan mata wang (PAIR) sehingga boleh dilakukan transaksi 2 arah .
Ianya berupa order Beli/Buy/Long/offer jika kita perkirakan pasangan tersebut akan naik dan Order Jual/Sell/Short/Bid jika kita perkirakan Pair itu akan turun. Jadi naik atau turun harga kita tetap boleh melakukan transaksi. Setiap order selalu di tutup dengan "Close" . Misalnya kita ambil order "Buy" lalu harga Pair itu naik dan sudah memperoleh profit maka kita akan "Close" untuk mengunci profit tersebut. Jika order "sell", maka jika harga turun kita akan memperoleh profit dan boleh di "close".
Untuk forex kita boleh melakukan transaksi dengan perbandingan 100:1 artinya kita boleh transaksi dengan quantity 100 untuk nilai $1. Sebelumnya anda perlu sign in melalui streamster dan lihat di bahagian kiri atas (di Forex Rates ). Anda boleh langsung memulai trading dengan klik pada mata wang misalnya: untuk EUR/USD yang nilainya ada di bawah kolum Bid atau Offer,- Untuk order /BUY/LONG klik nilai mata wang dibaris EUR/USD yang dibawah kolum "offer"- Untuk order SELL/SHORT klik nilai mata wang di baris EUR/USD yang dibawah kolum "bid"Anda akan di minta untuk memasukkan quantity size (100 guantity size= $1), pilihan Live trading(untuk trading yang sebenarnya) atau Virtual trading(untuk latihan trading dengan virtual money) setelah itu tekan ok.
Cara melakukan transaksi Buy atau Sell :
Jika anda klik Pair EUR/USD dibawah (kolum) offer untuk buy maka akan muncul tetingkap "send order" EUR/USD. Anda hanya perlu isikan Quantitynya. Anda perlu isikan dengan nisbah 100:1 artinya Qtt 100= $1 transaksi real. Pilih desk, jika anda ingin praktis trading, Pilih "Virtual Trading" dan jika anda sudah bersedia utk membuat urusniaga sebenar, pilih "Live Trading". Exit stop loss untuk membatasi kerugian agar urusniaga itu akan ditutup(close) secara automatik jika pergerakan harga bertentangan dengan posisi yg anda ambil, Exit Target untuk menutup posisi secara automatik jika profit yg anda tentukan telah tercapai (maknanya anda tidak perlu sentiasa berada di hadapan komputer sepanjang hari!). Price type : Market untuk transaksi real/langsung, limit atau stop untuk pending order.
Order yang anda lakukan akan tetap open/aktif sehingga anda melakukan "Close". Jadi jika anda melakukan order , lalu di tinggal offline atau di tinggalkan beberapa hari atau minggu tetap akan Aktive sampai anda melakukan "Close" atau anda terkena "margin call" disebabkan modal anda tidak mencukupi utk menahan kerugian.
TIPS MERAIH PROFIT UNTUK JANGKA PANJANG!!!!.
Ketepatan Hampir 90%!!> Gunakan 10% saja dari nilai Modal anda, misal anda punya $10 maka pakai $1 (100 quantity size ) saja per trading, agar posisi aman. Sebabnya ia boleh menahan kerugian jika kita salah prediksi sampai 500 point (untuk order 20%)-1000 point loss ( untuk order 10%) atau kita hanya akan kena close automatik / margin call jika mengalami rugi 500-1000 point. Jika anda menggunakan bonus $5 yg anda dapat semasa membuka akaun, maka boleh mulai urusniaga dengan $1 atau Quantity 100.
> Pertimbangannnya adalah
Contoh seperti EUR/USD nilai Tertinggi(high) di : 1.2850 dan
Terendah (LOW) di: 12480 an untuk bulan Juli 2006. Range nya adalah 1.2850-1.2480 =0.0370 = 370 Point ( Anggap saja 400 Point)
Maka jika kita ambil order dengan besaran 10% dari Modal akan Cukup aman. apalagi kalau kita ambil order dibawah 10% saja dari modal kita tentu akan lebih aman , sebab nilai tahanan kita lebih besar dari range Matawang/Pair tersebut.
Anda harus juga melihat Pair yang berada pada kedudukan tertinggi atau terendah
harian agar risiko kerugian dapat diminimumkan kerana pada kedudukan itu, pergerakannya tidak begitu besar jika ia bergerak berlawanan dgn anggapan anda.
> Cara mengambil Posisi/ order:
· Jika posisi saat anda mahu trading sedang diatas, mendekati, tepat atau melewati titik Tertinggi (high seperti contoh :1.2850 ) dalam sebulan ini, maka akan sangat sesuai mengambil order "SELL atau SHORT" dengan anggapan : Kemungkinan harga akan turun kembali sehingga kita boleh meraih Profit
· Jika Posisi saat anda mahu Trading sedang di bawah, mendekati atau melewati titik terendah low seperti contoh: 1.2480 ) dalam sebulan terakhir, maka akan sangat sesuai mengambil order" BUY atau LONG" dengan
· prediksi harga akan naik kembali.
· Saat kita akan mengambil order perhatikan trend terlebih dulu. ada kemungkinan order kita tidak langsung memperoleh profit, misalnya kita order Sell dengan prediksi harga turun, tapi harga masih naik lagi sehingga loss kita bertambah besar. Anda tak perlu cemas atau buru-buru Close, sebab biasanya ketika Pasar jenuh maka akan kembali berbalik arah turun, mungkin sehari dua hari baru kita boleh memperoleh Profit, Jadi kita tunggu saja sampai Profit, baru di Close, sebab dengan order 10%-20% itu sudah cukup untuk menahannya.
· Kaedah ini sangat Simple dan Cukup Selamat bagi Trader baru, walaupun terasa agak lambat dalam memperoleh Profit tapi hal ini jauh lebih selamat daripada trading jangka pendek yang jauh lebih berisiko mengalami kerugian
· Cara Termudah mencari titik tertinggi-terendah mata wang adalah: Anda boleh load Streamster money forex, lalu lihat Grafik/Chart di bahagian Kanan atas, Pilih dulu mata Wang/Pairnya dengan cara: Klik Kanan Pada Grafik Lalu Pilih "Instrument" dan pilih/klik Mata wangnya contoh EUR/USD, Maka akan Tampil Grafik untuk Pair EUR/USD. Lalu klik kiri mouse dan tekan terus ( Jangan dilepas) pada grafik itu dan geser ke kanan untuk melihat harga atau Posisi grafik pada hari-2 sebelumnya.
· Catat Titik Grafik yang Terbawah dan Teratas dalam Sebulan Terakhir. Lalu lihat Posisi hujung grafik di sebelah kanan , Apakah mendekati titik tertinggi atau terendah. Anda boleh melihat data semua mata uang lalu catat nilai Tertinggi dan Terendahnya dan Posisi mata wang tersebut saat ini.
· Setelah anda mengetahui High-Lownya dan posisi saat ini, Maka anda boleh memilih PAIR yang Posisinya saat ini sedang berada di sekitar titik Tertinggi atau Titik Terendah. Baru anda boleh melakukan Order untuk Pair/Matawang tersebut.
· Ingat Teknik Ini adalah Long term/Jangka Panjang yang biasanya lebih aman dan akurasinya sampai 90% jika anda melakukannya sesuai petunjuk dan mahu
· Bersabar dalam TRADING.
· Ini sebenarnya adalah Teknik Dasar TRADING yang sangat penting untuk anda berurusniaga dengan baik dan selamat serta memperoleh PROFIT
· Walaupun tidak cepat dan besar.
· Banyak Trader yang ingin memperolehi PROFIT dengan Cepat dan BESAR tapi akibatnya malah RUGI besar.
Trend Harga
UNTUK memperoleh ketepatan yang lebih baik anda harus tau TREND HARGA saat ini, apakah naik (uptrend) atau Turun (Downtrend), anda boleh menetapkan GRAFIK/CHART di streamster. Misalnya jika anda ingin
trading pair EUR/USD maka sila Setting dulu CHART nya:
· Klik kanan mouse anda pada Grafik di streamster, lalu pilih "Instrument" lalu pilih "EUR/USD" maka akan tampil grafik untuk EUR/USD ( Anda boleh pilih Pair apa saja yang ingin anda lihat grafiknya)
· Klik kanan lagi pada grafik , lalu pilih "Timescale" dan pilih "Hourly" untuk menampilkan pergerakan dengan waktu 1 jam ( Anda juga boleh pilih yang lain cthnya 15.min dll) dan penting untuk anda lihat pada daily chart utk tahu titik tinggi rendah harian!
· Klik kanan lagi pada grafik, Lalu pilih "Style" dan pilih "Candlesticks", maka akan tampil model grafik berupa candle stick. Cara bacanya sbb: Jika Candelstick itu berwarna merah maka ertinya trend turun harga, jika berwarna biru trend naik harga.
· Klik kanan pada grafik, lalu pilih "Indicators" dan pilih "Parabolic SAR" , maka akan muncul titik-titik parabolic sar. Jika titik berada di bawah grafik maka trend market naik, jika titik berada di atas grafik maka trendnya turun. Ini untuk mempertegas kita dalam melihat trend.
Untuk Merperkuat melihat Trend Market boleh tambahkan EMA-12, EMA-144 & EMA-169
Caranya : Klik kanan pada grafik, lalu pilih "Indicators" dan pilih "Moving Average" sehingga muncul Form nya lalu isi seperti di bawah ini:
· Untuk EMA-12 caranya: pilih di bagian "Type = Exponential" , di bagian "Period= 12" dan di bagian "Line colour" pilih warna Hitam.
· Untuk EMA-144 caranya: pilih di bagian "Type= Exponential", di bagian "Period= 144" dan di bagian "Line Colour" pilih warna Biru
· Untuk EMA-169 caranya: pilih di bagian "Type= Exponential", di bagian "Period= 169" dan di bagian "Line colour" pilih warna Merah.
· Cara bacanya adalah: garis EMA 144 dan EMA 169 berfungsi sebagai "Filter" dan EMA-12 yg mengikuti Pergerakan Harga.
· Jika Garis EMA-169 (Merah) memotong dan berada di bawah EMA 144 (Biru) atau EMA-12 ,>>>maka trendnya adalah NAIK atau UPTREND.
· Jika Garis EMA-169 (Merah) mulai memotong , lalu berada di atas Garia EMA-144(biru) atau EMA-12 >>> Maka Trendnya adalah TURUN atau DOWNTREND.
· Trend yang boleh di lihat dengan model EMA ini cukup Kuat dan kombinasikan dengan Parabolic SAR dan Style Candlestick.
> Contoh cara membaca trend dengan candlesticks : KLIK DISINI
> Contoh Candlestick Style untuk trend Bullish atau Uptrend/Naik : KLIK DISINI
> Contoh Candlestick style Untuk Trend Bearish atau Downtrend/Turun : KLIK DISINI
Setelah anda tahu data high-low semua pair, dan juga sudah setting grafik maka anda bolehlah mencari pair yang harganya sedang berada di sekitar high atau lownya dan lihat trendnya baru melakukan order.
INTI DARI TIPS TRADING KAMI ADALAH:
· Misalnya jika EUR/USD sedang berada pada area sekitar titik high bulanan (1.2900 an) dan Candlestick grafiknya sudah menunjukkan warna hitam: itu tanda kemungkinan akan turun, Maka cukup baik untuk menambil order "SELL" . ingat untuk posisi yang high hanya di anjurkan order "SELL". Apalagi jika posisi EMA-169 berada di atas EMA-144
· Jika EUR/USD sedang berada pada area sekitar low bulanan (dekat atau tembus 1.2600 an) dan Candlestick grafiknya sudah menunjukkan warna Putih: itu tanda kemungkinan akan Naik, Maka cukup baik untuk menambil order "BUY". ingat untuk posisi low hanya di anjurkan order "BUY", apalagi jika Posisi EMA-169 berada di bawah EMA-144.
· Jadi INTI DARI TIPS INI ADALAH: anda harus mencari pair mana yang berada di sekitar titik high atau low bulanan ( Anda boleh lihat sesuai Tabel data di atas) lalu lihat candlestick dan trendnya , baru tentukan order, ingat sebaiknya gunakan 10% an saja tiap order, mungkin anda boleh melakukan 2 atau 3 order pada pair yang berbeza (total 30%) dan tunggu sampai profit baru di "Close".
· Yang terpenting adalah anda harus melihat trend jenuh dahuli, misal jika harga high maka anda harus melihat trend harga matang dan akan balik arah, jika harga low maka anda harus lihat trend matang dan harga berbalik mahu naik , ini sangat penting untuk memperoleh ketepatan dalam melakukan order. Jadi anda harus asah kemampuan untuk melihat trend agar boleh di capai hasil trading yang baik dan tepat.
· Disekitar titik high atau low artinya: Boleh sekitar 20-50pips kurang dari high/low atau boleh tepat di high/low atau boleh juga posisi yg menembus titik high/low bulanan.
· Tips ini tidak menggunakan Stop loss, Tapi boleh menggunakan "Exit Target" Profit misalnya: 20, 50 pips atau lebih agar boleh terclose otomatis biarpun anda sedang tidak online sehingga mempermudah trading. Anda boleh ambil order lalu ditinggal ofline.
· Untuk tips ini hanya melakukan close setelah posisi order andamemperoleh Profit
· Jika anda melakukan order tapi tidak boleh langsung profit maka boleh anda tinggal ofline, jika sehari belum profit biarkan saja, mungkin 2, 3 hari atau lebih , tunggu sampai Profit.
Contoh cara melakukan order untuk EUR/USD:
Jika posisinya: Bid: 1.2910 dan offer : 1.2913
Contoh jika kita mahu ambil order $2 atau sama dengan 200 Quantity size.*Untuk ambil posisi Buy/long , Caranya klik harga mata wang di baris EUR/USD pada kolum di bawah "offer" pada: 1.2913 isikan Quantity size 200 ,
Pilih Live Trading dan klik Ok. Ini bermakna anda akan mendapat
keuntungan jika harga meningkat dan rugi jika harga turun.
* Untuk Ambil posisi Sell/short , Caranya klik harga mata wang di baris EUR/USD pada kolum "Bid" pada: 1.2750 isikan quantity size 200, Pilih Live trading dan klik ok.
Posisi ini akan untung apabila harga bergerak ke bawah, dan anda akan rugi jika harga
meningkat ke atas!
( Jika anda sedang latihan dengan Virtual Trading maka Pilih " Virtual Trading")Apa yg perlu anda buat sekarang ialah tunggu sehingga anda mendapat keuntungan dan close/tutup posisi itu!*Cara "Close" nya: lihat di bahagian bawah sebelah kanan streamster,
klik butang "Positions" lalu klik pada pair/mata wang di bawah kolum "Instrument" muncul jendela baru, klik " Close" dan kemudiannya klik ok / yes.
· Adakalanya saat kita mengambil order, terus untung kerana pergerakan PAIR sesuai dgn andaian sehingga anda boleh dengan cepat memperoleh Profit, tapi ada kalanya juga lambat karena pergerakan belum mencapai titik tertinggi/terendahnya.
· Jika terjadi misalnya order yang anda ambil masih "Minus" maka Anda boleh meninggalkan order anda dan di biarkan 1-2 hari atau lebih sampai memperoleh Profit, baru di Close, sebab di marketiva tak ada Overnigth interest atau beban bunga. (Saya pernah mengalami minus sampai 200 pips dan saya biarkan sampai sekitar seminggu dan akhirnya, berbalik menjadi profit)
· Untuk teknik ini jika anda bersabar anda mungkin akan memperoleh Profit dengan Pip yang cukup besar kemudiannya.
· Contoh jika harga di titik tertinggi dan anda ambil order SELL, lalu saat trend harga turun dalam 1-2 hari boleh lebih 100 point, anda boleh Close order anda jika merasa pergerakan tersebut sudah berhenti, mungkin 100 point atau lebih terserah anda ( untuk gbp/usd atau gbp/Jpy boleh lebih dari 200 an pips)
· Anda juga boleh menetapkan Exit target sekitar 20-50 pips, atau lebih . Ini untuk memudahkan anda yang tidak boleh selalu online, jadi , jika sudah tercapai target profit misalnya +20 ia akan "close" secara otomatis.
· Misalnya jika anda ambil order "Buy" di 1.2650 kemudian mau di beri target profit +20 maka anda boleh isikan exit targetnya di 1.2670 ( untuk buy 20 pips diatas harga order) jika sell di 1.2650 maka exit targetnya di 1.2630 ( jika targetnya +20 pips)
· Klik saja pada data order anda di bawah positions.... lalu muncul kotak order dan pilih "Change" kemudian isikan "Exit Target" Nya.
· Untuk Mata wang seperti EUR/USD atau GBP/USD, 1 point=1%, jadi jika anda profit 100 point=100%
Ertinya jika anda order $2(200 Quantity Size) maka profit anda $2x100%= $2
· Jadi jika anda Punya modal $1000 dan ambil Order $100 an, maka boleh Profit $100 an juga. sebab untuk long order/ Jangka panjang seperti ini, target pointnya boleh lebih besar.
Anda juga boleh mempertimbangkan PIVOT, RESISTANT, SUPPORT harian tiap pair, terutama untuk trading jangka pendek.
Support-Resistan-Pivot Harian
DATA INI SELALU UPDATE SETIAP HARI
PENJELASAN TITIK SUPPORT DAN RESISTANCE:Titik Resistance :Titik harga dimana harga (running price) akan sulit menembus batas level atas tertentu, tetapi apabila titik ini tertembus biasanya harga akan dapat melonjak naik lagi hingga menjumpai titik resistance berikutnya,
Contoh : Jika trend harga bergerak naik dan sudah di atas pivot maka biasanya akan mencoba untuk menembus Res1 dan bila boleh menembus resistant1 maka kemungkinan besar akan mencoba ke resistant 2, Tapi jika tidak boleh menembus res1 biasanya akan berbalik arah kembali.Titik Support :Titik harga dimana harga (running price) akan sulit menembus batas level bawah tertentu, tetapi apabila titik ini tertembus biasanya harga akan dapat mengalami penurunan lagi hingga menjumpai titik support berikutnya .
Contoh: Jika trend sedang turun dan harga sudah di bawah pivot maka biasanya akan mencoba menembus support1, boleh boleh tembus dan melewati support1 maka boleh berlanjut ke support2, tapi jika tidak boleh tembus kemungkinan akan berbalik arah.
Jadi anda boleh pertimbangkan ini juga dalam trading, lihat trend candlesticnya dan parabolic sar untuk melihat trend naik atau turun terus lihat posisinya di resistant-pivot-support untuk melihat kira-kira sampai titik berapa pergerakan mungkin terjadi..Rumus menghitung titik Resistance, Support, dan Pivot :Pivot = ( H + C + L ) / 3 titik tengah-tengah dari pergerakan harga hari ituRes1= 2 * P - L normal trading range Sup1= 2 * P - H for the next period Res2= P + (Res1-Sup1) extreme trading range Sup2= P - (Res1-Sup1) Res3= H + 2*(P-L) super extreme trading range Sup3= L � 2*(H-P) P = Pivot , Res = Resistance , Sup = Support .H = Harga High (tertinggi) di hari ituL = Harga Low (terendah) di hari ituC = Harga Closed hari ituPIVOT CALCULATIR HERE:
http://www.fx-charts.com/pgs/toolbox_pivotscalc.php
Beberapa tips lain dari berita-berita politik dan ekonomi (fundamental) yaitu : Mata uang suatu negara akan melemah bila terjadi hal-hal buruk di negara tersebut seperti bencana gempa, badai besar, ledakan bom, resesi ekonomi, tingkat pengangguran yang tinggi, dan kejadian-kejadian buruk lainnya.Dan sebaliknya akan terjadi penguatan terhadap mata uang negara tersebut bila terjadi kenaikan suku bunga, angka pengangguran yang rendah, pemulihan dari bencana, dan sejenisnya.Demikian Tips dan Saran ini dan semoga bermanfaat bagi anda. Sekali lagi hal diatas hanyalah sebuah saran dan tips dari penulis yang dimana boleh berubah tergantung oleh keadaan, tetapi menurut pengalaman, teknik diatas mempunyai tingkat keefektifan hingga 80% dalam hal menuai keberhasilan profit. (* berdasar dari hasil trading di EUR/USD, GBP/USD dan USD/CHF)
JADUAL BERITA EKONOMI YANG PENTING
UNTUK JADUAL EVEN EKONOMI YANG LEBIH LENGKAP:
http://www.fx-charts.com/pgs/database_events_full.php
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TIPS MELAKUKAN ORDER DAN MEMPERBESAR INCOME ANDA!
Pelajari cara trading dengan benar, terus latihan dengan "Virtual" Trading dulu sampai anda boleh trading dengan baik dan boleh meraih Profit.
Lakukan order dengan nilai kecil dulu sampai anda benar-benar yakin dan boleh memperoleh Profit dengan baik baru dengan nilai yang lebih besar.
Waktu melakukan order yang cukup baik adalah saat sesi
Waktu-waktu trading sbb: mulai jam 4 pagi, 7 pagi sampai jam 2 siang biasanya market
Perhatikan Pula Jadual News Yang akan keluar, sebab News Boleh Sangat Berpengaruh terhadap Market . Tunggu dan lihat gerakannya tapi jangan lupa tetap pegang mode Candle stick. Anda boleh lihat jadual news (Untuk GMT +8=
Jika anda serius ingin memperoleh income maka and boleh menambah modal sesuai kemampuan anda misalnya $100 atau lebih, Makin besar modal anda maka makin besar income yang boleh anda raih.
Untuk menambah modal, anda boleh menggunakan EGOLD kerana prosesnya mudah dan cepat. Untuk membuka Akaun Egold, anda hanya perlu klik SINI dan ikut arahan, isikan maklumat yg diperlukan, catatkan Username dan Password/Passphrase agar anda tidak lupa. Hanya gunakan satu email khusus utk egold anda.
Jika anda telah siap membuka akaun/mempunyai akaun EGOLD, anda boleh klik SINI untuk membeli/menjual egold anda. Walaubagaimanapun anda perlu mendaftar sebagai ahli terlebih dahulu sebelum membuat sebarang transaksi (Pembelian/Penjualan) egold. Semua proses pendaftaran itu adalah percuma!!
CONTOH: Jika anda memiliki modal $1000 dan boleh transaksi $100 sekali order, jika anda boleh memperoleh +100 pips saja seminggu, maka profit anda sekitar $100 juga, maka ini rasanya sudah cukup menutup biaya online, juga untuk biaya hidup. Anda tak perlu ngoyo melakukan trading, cukup menunggu saat yang tepat atau posisi yang terbaik saja untuk melakukan trading, jadi boleh meminimal risiko dan memperbesar peluang profit.
Forex adalah salah satu cara untuk memperoleh income yang sah dan boleh di ikuti siapa saja, marketnya akan terus wujud, tak perlu bersaing, menjual, merekrut dll, Yang penting Pelajari caranya dengan Baik dan benar maka akan boleh menjadi sumber income bagi anda untuk selamanya.
Anda harus serius dan Fokus dan rencanakan trading sesuai tips diatas sebab tak ada sesuatu yang boleh diraih dengan hanya main2 saja.
Sabar dan tunggu sampai order anda profit baru di close, Tips ini lebih didasarkan pada cara melakukan trading dengan Aman atau meminimal risiko sekecil mungkin.
Jadi prinsipnya Jangan close sebelum profit, dengan tips ini mungkin anda tidak boleh memperoleh profit besar dengan cepat, tapi lebih aman dari resiko loss/rugi .Sebab di Forex anda boleh profit besar tapi juga boleh loss/Rugi besar dengan cepat. Jadi minimal peluang kerugian agar anda boleh memperoleh profit.
Jika anda pakai cybercafe dan tidak boleh selalu online, maka boleh pilih waktu sesi
Ini akan memudahkan anda , sebab anda boleh ambil order lalu tinggalkan tanpa perlu ditunggu agar jimat biaya akses internet. misalnya anda online sesi USA antara jam 8-9 malam, lalu lihat situasi market, jika ada pair yg bagus peluangnya maka boleh langsung mengambil order , beri "TP" atau Exit Target dan boleh di tinggal ofline. Cek lagi besoknya apakah sudah Profit sambil melihat peluang baru. jadi anda hanya perlu akses internet secukupnya saja.
LATIH KESABARAN, JAGA EMOSI DAN SELALU BERPEGANG PADA PLAN
JANGAN SERAKAH DAN INGIN CEPAT MEMPEROLEH PROFIT YANG BESAR SEBAB BOLEH MENJADI BUMERANG DAN RUGI BESAR.
HATI-HATI Melakukan trading di Hari JUMAAT ( Weekend), sebab ada kebiasaan pasar yang sering terjadi, jika hari Jumaat posisinya high maka cenderung untuk terus menembusnya dan susah balik arah, jika posisi low juga cenderung tembus low dan susah balik arah, biasanya market akan bergerak lagi Isnin dan seterusnya. AMATI KEBIASAAN INI dan HATI-HATI)
Semua kawalan ada di tangan anda, Apakah anda ingin berjaya atau hanya sekadar main2 saja, semuanya anda tentukan sendiri. Yang terbaik adalah anda pelajari cara tradingnya sampai anda benar-benar mahir sebab ini akan berguna selamanya.
Agar trading anda optimal, terutama bagi anda yang pakai cybercafe, maka boleh perhitungkan berapa biaya yang anda keluarkan untuk akses internet
CONTOH TRANSAKSI/ORDER LANGSUNG:
GBP/USD: Sell SL 1.8490 TP di 1.8390 sekarang
Disini bererti anda diminta melakukan sell untuk GBP/USD pada saat yang tepat, iaitu pada saat grafik meninggi dan mulai menunjukkan gerakan akan turun, disini perkiraan dan feeling anda bermain. Cara mengaplikasikannya pada Streamster Marketiva adalah sebagai berikut:
Berikut urutan yang harus anda lakukan:l
1. GBP/USD (pastikan pasangan mata wangnya sudah benar)
2. SELL (pilih Sell)
3. SL 1.8490 (isi Stop Loss yang diinginkan)
4. TP 1.8390 (isi Target Position yang diinginkan)
TEKNIK menggunakan Transaksi/Order OTOMATIS ( Pending Order)
KETERANGAN:
Price TypeBUY MARKET Order langsung di harga saat itu (di running price) dan jika grafiknyabergerak naik maka akan profit (+)
SELL MARKET Order langsung di harga saat itu (di running price) danjika grafiknya bergerak turun maka akan profit (-)
Jenis-jenis Pending Order/Automatic Order(order yang akan terlaksana jika menyentuh suatu titik harga tertentu)
BUY STOP Bila grafik running price bergerak naik ke suatu titik tertentu, dan di titik tersebut akan automatik dipasang Buy dengan harapan agar grafik dapat bergerak naik lagi supaya mendapatkan profit (untuk mengikuti arus trend yang bergerak naik)SELL STOP Bila grafik running price bergerak turun ke suatu titik tertentu, dan di titik tersebut akan automatik dipasang Sell dengan harapan agar grafik dapat bergerak turun lagi supaya profit. (untuk mengikuti arus trend yang bergerak turun)BUY LIMIT Bila grafik running price bergerak turun ke suatu titik tertentu, dan di titik tersebut akan automatik dipasang Buy dengan harapan agar setelah itu grafik dapat bergerak naik supaya profit. (untuk melawan arus trend yang bergerak turun atau kita prediksikan harga berbalik arah)SELL LIMIT Bila grafik running price bergerak naik ke suatu titik tertentu, dan di titik tersebut akan automatik dipasang Sell dengan harapan agar setelah itu grafik dapat bergerak turun supaya profit. (untuk melawan arus trend yang bergerak naik)
TEKNIK Melakukan SELL LIMIT atau BUY LIMIT
Teknik ini sesuai dipakai jika pergerakan harga/Range nya dalam sehari sudah cukup stabil misalnya sekitar jam 8.30- 11.00 mlm malam. Dengan pertimbangan titik high-low harian sudah cukup stabil sehingga kita prediksikan jika harga menyentuh titik high maka akan berbalik arah turun kembali atau jika harga mencapai titik low akan berbalik arah naik kembali.
Contoh jika high-low harian untuk eur/usd : 1.2675 - 1.2600
Dan posisi saat anda online berada di antara high-low harian, maka anda boleh merencanakan Order Otomatis.
Jika harga mencapai titik high 1.2675 maka akan terjadi order "SELL"
Jika harga mencapai titik low 1.2600 maka akan terjadi order "Buy"
Contoh " SELL LIMIT" untuk EUR/USD: di harga 1.2675 dengan TP/Exit Target : 1.2625
Disini berarti anda diminta melakukan sell untuk EUR/USD nanti pada harga mencapai 1.2675, maka cara mengaplikasikannya pada Streamster Marketiva adalah sebagai berikut:
> Klik pada nilai pair EUR/USD di bawah kolom " Bid"
Berikut urutan yang harus anda lakukan:
1. EUR/USD (pastikan pasangan mata wangnya)
2. SELL (pilih Sell)
3. LIMIT (pilih limit)
4. Di harga 1.2675 (isi harga limit yang diinginkan)
5. Exit Stop Loss boleh anda isi atau Tidak, misalnya 30 Pips di: 1.2705
6 TP 1.2625 (isi Target Profit yang diinginkan)
Contoh "BUY LIMIT" di Posisi 1.2600 dengan TP: 1.2650 ( +50 Pips)
> Klik pada nilai pair EUR/USD di bawah kolum "Offer"
Berikut urutan yang harus anda lakukan:
1. EUR/USD (pastikan pasangan mata wangnya sudah benar)
2. BUY (pilih Buy)
3. PRICE TYPE (pilih limit)
4. Di harga 1.2600 (isi harga limit yang diinginkan)
5. Exit Stop Loss (SL) boleh di isikan atau tidak, misalnya 30 pips di: 1.2570
6. TP 1.2650 (isi Target Profit yang diinginkan)
TEKNIK MELAKUKAN " BUY STOP ATAU SELL STOP"
Teknik ini sesuai dilakukan jika Market belum bergerak besar atau sebelum ada news, Tujuannya adalah Jika harga bergerak turun maka akan terus turun dan jika bergerak naik akan terus naik.
Misalnya Jika eur/usd sedang di titik: 1.2675 dan 1.2650 . dan posisi saat ini 1.2660-1.2663
Maka anda boleh melakukan "BUY STOP" misalnya +20 diatas titik sekarang ( 1.2683) dan TP +30 ( 1.2713) dengan cara:
> Klik pada nilai pair EUR/USD di bawah kolum "Offer"
Berikut urutan yang harus anda lakukan:
1. EUR/USD (pastikan pasangan mata wangnya sudah benar)
2. BUY (pilih Buy)
3. STOP (pilih Stop)
4. Di harga 1.2683 (isi harga limit yang diinginkan)
5. Stop Loss boleh diisi atau Tidak misalnya stop loss sebanyak 30 pips di: 1.2653
6. TP 1.2713 (isi Target Profit yang diinginkan)
ATAU ANDA Melakukan " SELL STOP" di -20 dari titik sekarang (1.2640) dengan TP 30 an (1.2610). Jadi jika harga turun terus akan memperoleh profit.
> Klik pada nilai pair EUR/USD di bawah kolom " Bid"
Berikut urutan yang harus anda lakukan:
1. EUR/USD (pastikan pasangan mata uangnya sudah benar)
2. SELL (pilih Sell)
3. STOP (pilih STOP)
4. Di harga 1.2640 (isi harga limit yang diinginkan)
5. SL boleh diisikan atau tidak, Mis 30 di: 1.2670
6. TP 1.2610 (isi Stop Loss yang diinginkan)
Dengan cara ini jika di gabungkan dengan tips di atas maka anda boleh melakukan order automatik iaitu membuat order SELL LIMIT di titik High Bulanan jika ada pair yg sudah mendekati titik high atau membuat order BUY LIMIT di titik LOW Bulanan jika ada pair yang sudah mendekati titik LOW bulanan.
Ini akan lebih mempermudah jika saat anda online belum ada Pair yg High-low, anda boleh setting automatik saja. Periksa lagi esoknya jika order anda tidak tersentuh maka anda boleh membatalkannya ( CANCEL) iaitu klik "Orders" di bahagian kanan bawah streamster, lalu lihat pair order otomatis yang " Active" , klik pairnya lalu klik " Cancel"
Demikian TIPS ini kami sajikan dan semoga Bermanfaat
Selamat Trading dan semoga Berjaya
PERHATIAN UNTUK PEMULA:
· Silakan Berlatih dengan "Virtual Trading" dulu sampai anda boleh melakukan urusniaga dengan baik dan benar serta boleh memperoleh keuntungan.
· Jika sudah mahir maka anda boleh melakukan Trading sebenar- "Live Trading" dengan Menggunakan dana/Modal $5 bonus yang anda dapat semasa pendaftaran
· Jika anda sudah mahir dan mampu mengembangkan modal anda maka anda boleh menambah modal jika ingin memperoleh Profit yang lebih Besar dan Cepat, samaada $10 $100 atau mana yg lebih sesuai dgn kemampuan anda.
· Inilah Peluang Income yang mampu menjadi Sumber penghasilan yg tidak kenal reses, fleksibel dan boleh anda lakukan dari mana saja.
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