With the help of modern trading tools whether it's software or hardware , then any trader can develop a more comprehensive trading system . Starting from market entry , market exit , and risk management . Even more interesting is a trading system that is made can be directly tested in backtest and real time . Of course without the risk because of the demo account . At first to enter the digital trading platform , a trader must have the capability of mathematical programming and technical analysis . However, over the years moving company for trading advances continue to develop trading software that is easily adapted general public .
At this time , a person who is not a programmer background to understand the technical mathematical analysis controlling the basic level . Just need to change the main parameters of a complex algorithm then generates different data values in terms of both visual and actual . It should be understood that the indicator is not to be greedy but rather as a guide in conducting technical traders forex transactions . Over time , traders can develop a trading system that suits each individual trader .
SpreadSpreads are the costs to be incurred by a trader in the transaction . In other words , Spread is a source of revenue for the company that organizes the trade . In the forex market spreads have different values among brokerage firms . For example, the Inter - bank Forex market can have up to 1-2 pips spread , and the spread can be widened to 3-4 pips when dealing with individual customers .
MarginMargin is the amount of equity that must be maintained in order to keep the position open . Margin serves as a deposit for a trader to ascertain if the transaction is a loss . Margin account gives consumers a chance to open a position with a higher value than the value of the funds that have been incorporated into the previous account .
Order typeThe forex market has a wide variety of order types . Here are some of the major types of orders that can be found at any forex broker .
At this time , a person who is not a programmer background to understand the technical mathematical analysis controlling the basic level . Just need to change the main parameters of a complex algorithm then generates different data values in terms of both visual and actual . It should be understood that the indicator is not to be greedy but rather as a guide in conducting technical traders forex transactions . Over time , traders can develop a trading system that suits each individual trader .
SpreadSpreads are the costs to be incurred by a trader in the transaction . In other words , Spread is a source of revenue for the company that organizes the trade . In the forex market spreads have different values among brokerage firms . For example, the Inter - bank Forex market can have up to 1-2 pips spread , and the spread can be widened to 3-4 pips when dealing with individual customers .
MarginMargin is the amount of equity that must be maintained in order to keep the position open . Margin serves as a deposit for a trader to ascertain if the transaction is a loss . Margin account gives consumers a chance to open a position with a higher value than the value of the funds that have been incorporated into the previous account .
Order typeThe forex market has a wide variety of order types . Here are some of the major types of orders that can be found at any forex broker .
Market orders - ie orders buy / sell when the price is at a time when the best available . Usually called the market price .
Entry orders - ie, a request from a client to a broker to execute buy or sell a specific amount and the currency pairs as well as certain price .
Stop Loss - An order to close a position when it reaches a certain price . This concept is designed to limit the loss position for a trader . If a position is opened by buying a currency pair , the stop loss is a request to sell the position when the price falls to a certain level and vice versa . Traders are strongly advised to use stop loss orders to limit losses . Stop loss orders are also important when investors will enter into a situation where they can not monitor the trade in unlimited time .
Take Profit - Where a request to close a position when the price has reached a specified level of profit . It is designed to lock in a profit position . Once the price passes a predetermined level of profit then take profit becomes a market order and closing positions .
Good Until Cancelled ( GTC ) - In forex trading , most of the orders are GTC , that is to say , an order will be valid until canceled , regardless of the trading session . Traders must explain the order is canceled before the GTC order expires . Generally , the entry orders , stop loss orders and take profit orders in online forex trading are all GTC orders .
Such is a brief article about the basic concepts of Forex I can say the most basic and most down once , but I hope that the above article can help you who does not know exactly what the forex market . Hopefully the above article can give some idea to you .
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We love the world of forex. Sharing information about forex is our way of showing happiness. Therefore we made a "Campus of FOREX" as a portal to learn forex.
Forex is not something to fear, but fear when you are not able to control yourself in the forex or whatever. When profit in forex it becomes your personal responsibility, and when you lose in forex it also becomes your personal responsibility. Forex simply as a facility to achieve financial freedom, no more no less. Forex is a place to think realistically.
Being successful in forex, it means you are committed to establish a disciplined and thoughtful character. Forex may be the best mirror of your true character. Forex is just forex.
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