All the need-to-know Forex basics for a beginner trader ...

Learn Ichimoku

Learn to trade with the ichimoku kinko hyo system.
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Forexnoobs

A community for people new to Forex trading to learn the basics and find answers to the most common questions. Find out about free copy trading at ForexCopy.
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Forex Zone

Forex news - Currency Trading Strategies - Money Management - Indicators - Expert Advisors - Risk Analysis **Corporate accounts or brokers are not allowed. Go hunt for clients elsewhere**
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The Secrets to Great Forex Trader Motivation And Basic Forex Market

The Secrets to Great Forex Trader Motivation And Basic Forex Market submitted by oceanfaects to u/oceanfaects [link] [comments]

A layman's understanding of basic Forex terms - please let me know if I got it wrong!

I'm a total newbie - please go easy on me!

Here are some of the things I'm attempting to articulate; if I got it wrong, hope you could correct me.
Okay, here we go:

Concepts My understanding Examples Notes
Lot and Volume Lot is a collection of units. This actually depends on the Trading Platform. 1 lot can be 100K whilst on a different Platform, it can be 10K. A lot and a volume is identical, but differs only on formatting e.g. 1K lot or 10K lot can be 0.1 or 1 volume respectively. 10K Units = 1 Lot = 1 Volume I may get this wrong but does that mean if I buy or sell 1 volume (i.e. 1.00 or 10K units), it would equate to 10K * quoted currency?
Unit 1 unit is basically a dollar for USD. It's the base currency of the trader's account and not necessarily the traded pairs per se; but it can be used interchangeably. EUD:USD. Though the base for this pair is EUD, the base unit itself is USD if the trader's account is USD. But to be honest, sometimes I do get confused when people say 'based currency'; if there's a different explanation, please let me know!
Pip A pip is basically the smallest difference in a pair currency ('difference' here means Buy - Sell). A pip can be either on the 4th position or the 2nd position. 1.0601 - 1.0600 = 0.0010. So we say the trader has gained 1 pips. I understand there's "Pippetes" - I don't think this is critical (yet) for a beginner?. As I understand it's the 5th or 3rd decimal?
Lot Size and Pip Value Your chosen lot size can determine the value per Pip. The formula is: Lot size \ Pip* 10K * 0.0001 pip = 1$ So if there's a positive difference, you'd get 1$ gain.
Investment Returns Your profit can be determined by the following: (Pip / Quote rate) * Lot Size Say, EUD:USD is 1.0000:1.0001, so a difference of 1 pip. Thus, (0.0001/1.0001) * 10K = $0.9. You'd gain $0.9 per trade. (not too sure about this one actually)
Leverage and Margin Personally, I see leverage as % of how much you must have in your account against the "capital" the broker would give. Formula is (1/X)*100. The minimum amount you must have to trade by the given leverage is known as 'Margin' Say the broker will give you 1 lot of 10K Units. But you must have 1% of that amount deposited. So that's 1:100 or (1/100) *100 = 1%. So 1% of 10K is $100. You need to deposit $100 to trade and the broker will give you a $10,000 capital. Your margin is basically $100.
Margin Level The higher the % of the Margin Level, the better; this basically means you have money to trade as your Used Margin is low! Equations is: (Equity/ Used Margin)/100 As I understand, levels lower than 100% is not good as your Used Margin is getting larger. A 5% will force your broker to close your trades automatically. When your broker closes your trades like this, a Margin Call Level is used. For "Used Margin" I understand this only for all "Opened" trades, and not "Closed" trade?
Balance Balance is balance :p (hehe). It's basically what's left from whatever you've deposited.
Equity It's basically your real-time balance. It includes current profit and losses that are not closed yet. I want to compare Free Margin here but not too sure how to word it. I understand the formula for Free Margin is Equity - Margin.

Okay, that's about it for today! If I got any inaccuracy, or if I got things TOTALLY wrong and I'd fall flat on my face, please feel free to let me know!!
submitted by runnersgo to Forex [link] [comments]

Basic Forex trading Strategies I use.

Basic Forex trading Strategies I use. submitted by EbrahimEB to u/EbrahimEB [link] [comments]

The Basic Forex Option Formula

The Basic Forex Option Formula submitted by ososru to Bitcoin4free [link] [comments]

The Basic Forex Option Formula

The Basic Forex Option Formula submitted by Leka213 to CryptocurrencyToday [link] [comments]

The Basic Forex Option Formula

The Basic Forex Option Formula submitted by Hellterskelt to bitcoin_is_dead [link] [comments]

The Basic Forex Option Formula

The Basic Forex Option Formula submitted by Rufflenator to 3bitcoins [link] [comments]

What % monthly results can be realistically expected from a free or basic forex expert advisor robot that checks out at a rudimentary level?

submitted by GreatWatkino to AskReddit [link] [comments]

Can you see all time frames on the basic Forex Tester 3 package?

I'm interested in buying the Forex Tester 3 software, but can't seem to find out if you can use time frames such as 15m and 5m on just the basic package. In other words, if you just have the basic package (not Standard or VIP) can you still view the 15m charts?
submitted by frosty-mcdank to Forex [link] [comments]

Basics Forex Signals to Help You Make Profitable Trades

Basics Forex Signals to Help You Make Profitable Trades submitted by 1000pipbuilder to u/1000pipbuilder [link] [comments]

[video] 3 Basic Forex Trading Strategies For Beginners

[video] 3 Basic Forex Trading Strategies For Beginners submitted by nzbike to fxtrade_nz [link] [comments]

Moving Average Convergence-Divergence (MACD) is the basic Forex indicator. Forex is like swimming. Learn basics before you start real trading. You will lose for sure without basics.

Moving Average Convergence-Divergence (MACD) is the basic Forex indicator. Forex is like swimming. Learn basics before you start real trading. You will lose for sure without basics. submitted by FX_Winner to Forex [link] [comments]

Basic Forex Trading Tips

Basic Forex Trading Tips submitted by HowForexTradingWorks to Forex [link] [comments]

Forex Trading Basic Terminology - VJS Academy (http://vjsacademy.com/forex/forex-articles/)

Forex Trading Basic Terminology - VJS Academy (http://vjsacademy.com/forex/forex-articles/)

http://vjsacademy.com/forex/forex-articles/
If you want to start forex trading, before that you should know the basic forex trading terminology. They are: Margin, Leverage, Base & Quote Currency and Pip.
Margin
Margin or margin trading, can be understand as using funds from a forex broker to trade. In other words, the broker is loaning you some money to trade in larger sum without you necessarily having to deposit that amount in your trading account. This common practice increases considerably potential gains, but also some chances there for traders to get huge losses.
Leverage
Leverage is the ratio of the capital used for trade to the required deposit amount. In other words, when you see leverage ratio 100:1, it means a trader should deposit $1 to trade with $100. If trader gets profit, then both will shares the profit if loss happens trader loses his $1. Leveraging positions is a very common practice among Forex traders, who typically operate with small amounts. Leverage enables them to widen their profits, but also their loses, turning this financial tool into a dangerous two-way sharp knife.
Base and Quote Currency
Base currency: the first currency displayed in a currency pair. For example, if we are analyzing the EUUSD - the EUR will be our base currency. In other words, the base currency refers to the unit which is converted into another currency. Following the example, 1.0000 EUR equals 1.2000 USD.
Quote currency: it is the second currency seen in a currency pair, also known as the pip currency. It expresses the rate to which the base currency is exchanged at a certain time.
Pip
A pip is a basic concept of foreign exchange (forex). Pip (percentage in point) is the smallest unit of a currency. For example, an EUUSD pair is usually expressed with five digits. In this case, 0.0001 will be a pip. A different story for the Japanese yen i.e., the pip equals to 0.01.
submitted by vjsacademyhub1 to u/vjsacademyhub1 [link] [comments]

New to forex, pretty basic understanding in general of economics

So im new to forex, I nean its a pretty simple system trade one value for another value.
I'm interested in the fundamentals. I wanna start to get to understand the back ends of it all i guess.
Personally im interested in possibly joining or creating a discord with only a few individuals that are also interested in learning together or already trade and could lend eachother helping hands through the process to hopefully lead go a higher success rate.
Im not looking for classes or a mentor but more or less just some people that are dilgent in what they do and as we go through this process can identify and record things they've encountered along they way that will help lead to success. Not trying to get rich quick but thatd be cool too lol. Looking to building multiple streams of income and learn.
submitted by zeroisnoher0 to Forex [link] [comments]

تعلم بإحترافية اساسيات الفوركس | مبادئ الفوركس | Forex | Forex Basics

تعلم بإحترافية اساسيات الفوركس | مبادئ الفوركس | Forex | Forex Basics submitted by mdam15 to u/mdam15 [link] [comments]

Chaos in trading sessions

Every website I look at seems to have different times for different trading sessions
For example the Sydney session:
Babypips: 7 am to 4 pm local time
Admiral Markets: 10 pm - 6 am Berlin time (today) ~ 8 am - 4 pm local time
Oanda: 10 pm - 7 am GMT (today) ~ 9 am - 6 pm local time
... and so on for other sessions and other websites.
So, WTF? What are the actual trading sessions?
EDIT:
Another one: according to babypips the London session is from 8 am to 4 pm local time, but according to Oanda it's 8 am to 5 pm local time ...
submitted by anon4357 to Forex [link] [comments]

IWantToLearn Forex Trading. What should I do? Should I take a course that costs me $2000 just for learning basic knowledges? Looking forward your advice! Thank you

submitted by jeff_chua to IWantToLearn [link] [comments]

Spread Betting vs CFD Trading - Forex Basics 101

Spread Betting vs CFD Trading - Forex Basics 101 submitted by jackcarey123 to u/jackcarey123 [link] [comments]

Knowing the basics of money management helps you to endure for a long period of time in forex trading. #tradingstrategy #moneymanagement #forextrading #managementbasics #forex #entrypoint #traderpulse

Knowing the basics of money management helps you to endure for a long period of time in forex trading. #tradingstrategy #moneymanagement #forextrading #managementbasics #forex #entrypoint #traderpulse submitted by traderpulse to u/traderpulse [link] [comments]

Forex Trading Guide for Newcomers

Each new dealer should begin Forex trading with a demo account as it is without a chance. When you become more acquainted with the method, at that point you can move to the market with a genuine record. Be that as it may, we are currently going to clarify probably the best Forex trading tips for amateurs. These tips will help every one of the newcomers in keeping away from the most extreme misfortune.

Gather Information of the Market

It is basic to think about the business totally. On the off chance that you get data from various brokers, at that point you will have the option to know the correct strategy for trading. You can either gather data from the web as it is the best wellspring of social occasion information. Or the consequences will be severe, you can meet distinctive fruitful and master merchants to gather information about the Forex showcase. You can likewise take help from master Commodity and Forex Signals Provider.

Long haul Is Better than Short-Term

Limiting the hazard is basic for each broker either master or new. Each broker needs to realize the best approach to safeguard his/her capital. Each novice needs to comprehend that effective dealers create riches from long haul inclines rather than short. They maintain their control open for a few days or even months. As such, Forex works like an advantage, not a lottery. For long haul trading, it is fundamental to have persistence. In any case, on the off chance that regardless you need to adhere to transient trading, at that point it is smarter to pick outstanding amongst other Forex signal suppliers. You can do trading with the assistance of their Forex signals administrations.

Keep It Simple

Each merchant needs to keep a basic Forex trading framework. There is no compelling reason to exhaust on the graphs with the signals and markers. You need to make a straightforward procedure to do trading. On the off chance that you will have a confounded trading framework, at that point it is difficult to comprehend. Consequently, it would prompt an extraordinary misfortune rather than benefit. In the event that you need to realize that your technique is great or not, you need to do inquire about just as perform backtesting.
submitted by Andrew-Mark to u/Andrew-Mark [link] [comments]

Fractal Adaptive Moving Average Testing | Forex Trading Basics for Begin...

Fractal Adaptive Moving Average Testing | Forex Trading Basics for Begin... submitted by TheAcademyofForex to u/TheAcademyofForex [link] [comments]

Forex Trading For Beginners (Full Course) - YouTube Forex Trading for Beginners - YouTube The Beginners Guide to Forex trading - Part 1 - YouTube The ULTIMATE Forex Trading Course for Beginners - YouTube The Easiest Forex STRATEGY! You must watch! 🙄 - YouTube

Forex Trading Basics If you're looking to get started in forex trading, this is the place to start. The following articles will help you gain an understanding of the foreign exchange market, and how to succeed as a trader. Forex Basics Discover the basics of Forex trading. Choose from a range of topics including, how to open trading accounts, how to read charts, how to apply leverage in your trading, what are the best currency pairs to trade with, how to set a stop-loss, what you need to know about margins, and more! Forex basics are as it is implied in the name, basic. However, for a complete beginner, they are still depicted as the hardest thing in the world. Forex can definitely be learned through reading books, reading guides and watching some real time trades happen, but the most knowledge comes from experience itself. Forex trading has a steep learning curve. Read to learn the basics of currency pairs, how the forex market operates, and details on market pricing. Forex Trading Basics Improve your knowledge of trading forex with spreads, leverage and margin, and the advantages of using entry orders. Navigating the Market

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Forex Trading For Beginners (Full Course) - YouTube

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