When Trading Forex, Lesson 6: Good Days for Trading

Wise Set A Time
Unless we are unable to distinguish the zombies time, no need to eat and sleep, we could not trade at all sessions.

Although profit trading Forex so tempting, but we should be able to set the time properly. How can we be so pro trader, if our own health against still indifferent?

We need a healthy food intake and sleep in order to have enough energy to do all kinds of things. Before knowing the good days for trading, we must understand when to trade and not to trade.

Sometimes it's also important you know, spend time outside for a walk. Or sit quietly an hour of game play. Need not be in sequence, provided we can manage time well, that is enough.

Good days for Forex Trading
Although now we already know that in between the sessions, London is the busiest trading session, but that does not mean we can jump straight out and trading at any time. Oh, no, Friend of ... There is still that we have to pay attention.

In a week there the other day showing more movement than on other days. Let's look at the chart range average movement of the pip for each pair of major six days a week:

Pair	Sund	Mon	Tue	Wed	Thu	Fri
EUR/USD	69	109	142	136	145	144
GBP/USD	73	149	172	152	169	179
USD/JPY	41	65	82	91	124	98
AUD/USD	58	84	114	99	115	111
NZD/USD	28	81	98	87	100	96
USD/CAD	43	93	112	106	120	125
USD/CHF	55	84	119	107	104	116
EUR/JPY	19	133	178	159	223	192
GBP/JPY	100	169	213	179	270	232
EUR/GBP	35	74	81	79	75	91
EUR/CHF	35	55	55	64	87	76

As we can see from the table above, the good days for trading is in the middle of the week. For in those days (Monday, Wednesday, Thursday) many transactions.

Among the three "good day for trading", the busiest day was Friday. Generally the bustle going on until 12: 00 noon (EST), or around 12 pm (GMT + 7). Then the bustle of the market tend to decline at about 5: 00 p.m. (EST), or at 5 am (GMT + 7). That means ... we only need a half day of trading on Friday.

Now we know, when is the busiest day and full transaction. That day is a good day for trading, for there are many opportunities for us to successful trading.

Summary Of The Lesson:
Don't say SeputarForex a bad place to learn. Hey, this website not only provides basic lessons about Forex, but also a summary! We do not need to have to read the full articles back and forth about the good day for Forex trading. Once familiar with the lesson over, we just move the mouse to the bottom each time you forget this important lesson.

The Best Trading Time:

1. In the event of overlapping between the two sessions, which led to volatility and high liquidity. If it cannot be given trading session, we can bookmark that page.
2. Among the four existing session, London is the largest transaction with a session.
3. Mid week is day to day with the movement of the high-frequency range, since pip tend to widen on a day-today (Tuesday, Wednesday, Thursday).

The Worst Trading Time:

1. Sunday, because this is the time for us to relax and enjoy the time.
2. Friday, due to a sharp slump liquidity leave the sessions United States.
3. Holidays, because ... come on! No one overtime on holidays, Friends.
4. A great event, because it was too risky. Well ... unless we want to thrown out with a big zero capital.

"Oh, shit. I was too busy starting Tuesday through Thursday! "

Relax, comrades traderku. Don't be afraid of could not be trading due to busy during the good days. Remember the old adage, no roots any rattan so. Well ... we don't need to be rattan, enough change to our trading style to be a trader (trader position) swing.

"Swing? What we were talking about what kind of music? "

Isn't It. But we do not have to sweat it at this time. Just relax and learn all about Forex slowly, so that we can absorb everything well.

Next lesson: The advantages of Forex Trading

When Trading Forex, Lesson 5: Overlap Between Sessions

Overlap between sessions occurring between the two sessions, where there are many actors who take an active role in the market. If this moment as likened to broadcast Premier on television. The more "audience" (the perpetrators involved in the session), then it will be higher "rating" (liquidity) show.

Furthermore, lets, refer to the description below:

Tokyo-London Overlap
Liquidity on these sessions tend to be thin. This is caused by the lack of movement that happened in the Asian session, so trading session will be changed so not too much longer transaction that takes place at this session. At the end of the session as many traders thus decided to scuba and wait for the coming session of the London and New york sessions.

London-New York Overlap
Compared to the previous year, two Asian session this session is quite crowded and busy, because traders from two financial center started to sit down and focus delves into profit.

It could be said at a session in London and the New York session, traders just stay doing reaching out and reaching for a profit.

"As easy as that?"

Yes, it could be as easy as that, as long as we are familiar with mawas and the steps we take. But we don't need to fear, because everything is not as hard as we imagine, kok.

In this period we could see some big movements, especially at the time of the report and the data released from the land of Uncle Sam, and Canada. If there are no news at the beginning of the opening of trading, don't worry. Even if the news release, the late European market still would feel the effects.

If a trend emerges in the European session, chances are that the trend will continue, together with the entry of the U.S. into the trader's trading arena and solidify their position after reading what had happened at the beginning.

Even though it looks easy, but we must be careful, because at the end of this session some traders from the country could be Queen Elizabeth decided to close-position and cause the movement on choppy right shortly after the New York session opened.

Next lesson: Good days for Trading

When Trading Forex, Lesson 4: New York Session

After the lunch hour, or at the time we (people of Indonesia) were gathered together with the family, the U.S. session began at 8: 00 a.m. (EST) or 8: 00 pm (GMT + 7). As Asian and European sessions, the U.S. trading session is one of the world's financial center and is always supervised by the market.

"Why?"

Because, come on Friends! We were talking about New York and you're still asking again. Broadway, Donald Trump, the Rockefeller Building ...

Well, below is a chart of the currency pair pip range major in the New York session.

Pair	New York
EUR/USD	77
GBP/USD	68
USD/JPY	34
AUD/USD	68
NZD/USD	62
USD/CAD	67
USD/CHF	56
EUR/JPY	72
GBP/JPY	77
AUD/JPY	71
EUR/GBP	36
EUR/CHF	-

Pip value on the table above based on a calculation using the data in 2012. And, remember if the value of the pip was never fixed. Pip value depends on the liquidity and market conditions. Unless the value of EUR/CHF, of course, that does not change from a range of 1.2000.

Here are the New York session trading characteristics:

1. Because having an overlap with the session of the European tradingg early in the session, AS there is still a high degree of liquidity.
2. Most of the economic reports was released almost simultaneously with the start of the session in New York. And we must remember that approximately 85% of trading involving u.s. dollars. So the market will always move whenever u.s. economic news was released.
3. As European markets closed, the liquidity and volatility tends to subside during the afternoon trading session in the United States.
4. There is only a slight movement that caught on Friday afternoon, because Asian Traders choose to spend time together in a karaoke and bar. While European traders would rather spend his time in the pub and nobar matches.
5. In addition, on Fridays there is a reversal is likely to occur in the second half of the U.S. session. The cause is US traders decided to close-position earlier in the weekend to relieve pressure caused by news that emerged ahead of the holiday.

Pair Which Should We Use?
We need to take note that there will be a lot going on at the time of the U.S. and European markets opened in unison. Imaginable, all banks and multinational companies are busy answering the phone. We can use this moment to trade with any currency. However, to be safe, it is better we use major and minor currencies and avoid other strange currencies.

On the other hand, because the US dollar is often used in most transactions, the trader can be sure all will put their attention on the release of the US data. Whether it is the release of the data is positive or negative, is certain the US data releases will be able to shake world markets.

Still confused by the trading sessions and had no idea must choose which one? It's easy, please see next lesson: Overlap between sessions to get special lesson that hopefully can ease confusion.

When Trading Forex, Lesson 3: London Session

While the Asian market participants started to deal with their stuff and close the European market, just started their activity. Although there are several financial centres in Europe, but the view of market participants will be fixed on London.

According to history, London has long been a center of trade in Europe. All thanks to the strategic location. So, it is not surprising if the country still maintain the system of monarchy is considered the capital of Forex in the world, with thousands of businesses making transactions every minute of it. Alleged 30% of all Forex transactions occur at the London session.

Below is a chart of the currency pair pip range major on the London sessions:

Pair	London
EUR/USD	83
GBP/USD	82
USD/JPY	36
AUD/USD	60
NZD/USD	64
USD/CAD	66
USD/CHF	58
EUR/JPY	80
GBP/JPY	102
AUD/JPY	86
EUR/GBP	40
EUR/CHF	-

Pip value on the table above based on a calculation using the data in 2012. And remember, if the value of the pip was never fixed. Pip value depends on the liquidity and market conditions. Unless the value of EUR/CHF, of course, that does not change from a range of 1.2000.

Here are the facts regarding the European session:

1. Because the London session across two other major trading sessions, plus the fact that London is a major financial centre in the world, many large-scale Forex transactions occur at this session. Resulting in high liquidity and low transaction costs (especially the pip spread).
2. In addition, a large number of transactions at this session also put London as the most volatile trading session.
3. Most of the trend began at the London session, and they will generally continue until the New York session.
4. The volatility of the London sessions tend to end up in the middle of the session, as traders chose to fill stomachs and gather energy, New york before the session begins.
5. At the end of the session many European traders London locked their profit and cause a trend sometimes turns.

Pair Which Should We Use?
The magnitude of the volume of transactions that occur on the London session, resulting in a large number of liquidity during the European session, so that we can use any pair.

But to be safe, it is better we use pair-pair mayor: EUR/USD, GBP/USD, USD/JPY, and USD/CHF. Because only the pair that has spread most stringent. And only those who will be directly affected by any news that appears in the European session.

Or, if you want a little variety, we can use the Yen Japan and "gave him" with European currencies (for example the EUR/JPY and GBP/JPY), because the currency is quite volatile at this session. However, the disadvantage is, since we're using cross pairs, spread that appears to be quite wide.

Yup! Next let assault New York session!

When Trading Forex, Lesson 2: Tokyo Session

The Tokyo Trading session opened at 06: 00 am GMT + 7, marks the beginning of the trading session in Asia. With its position as the financial capital of Asia, made everyone call session Tokyo Asian session.

Flash News
Also known as the Asian Tigers because of its economic progress, in the world of trading Japan also known as Forex trading center, the third largest in the world.

The Yen is the currency of Japan is the third most commonly used by traders, taking 16: 50% portion of the overall Forex transactions around the world. Meanwhile, about 21% of the world's Forex transactions occur at this session.

Below is a range of major currency pair pips on Asian session:

Pair	Tokyo
EUR/USD	56
GBP/USD	54
USD/JPY	30
AUD/USD	65
NZD/USD	58
USD/CAD	39
USD/CHF	40
EUR/JPY	57
GBP/JPY	72
AUD/JPY	65
EUR/GBP	23
EUR/CHF	-

Pip value on the table above based on a calculation using the data in 2012.

"What Is It? Already ancient once "

Hey, quiet ... None of the digits of the value of the absolute and pip can be different, depending on the liquidity and the condition of the market situation at the time. Jam it, range for the EUR/CHF are not listed because at the moment the Franc is at a fixed benchmark Switzerland 1.2000 against the Euro.

The Basic Characteristics Of The Tokyo Session:

1. Action Forex is not only limited to residents of the region who was fond of eating raw fish alone. Many Forex transactions that occur in other Asian countries. For example, such as Hong Kong, Singapore and Sidney.
2. Most of the actors who play on Forex session Tokyo is a commercial company (exporter) and the central bank.  "Why is it so? If other market participants were asleep? "Haha ... No. The reason is that Japan's economy is dependent on the export sector, and with China as other major players, so there are many transactions that occur on this session.
3. Liquidity on these sessions sometimes can be very thin. Sometimes trading during this period such as fishing, we have to wait for very, very long time, before being able to rake in the profits.
4. In this session we will look at the movement of the currency pair a stronger Asia Pacific, such as the AUD/USD and NZD/USD pair as opposed to non-Asia Pacific region such as GBP/USD.
5. When liquidity is thinning, the majority of the value of the pair are unlikely to change quickly. And this became a chance to trade short (short day) or trade potential break-out at the end of the session.
6. The majority of Forex action takes place early in the session, when a lot of economic data being released.
7. Market movements in the Tokyo session can determine the rhythm of the trading for the next trading sessions. Traders at other sessions will be peeking inside the Tokyo session in order to see what happens to this session, so that they can organize and evaluate strategy.
8. Usually after a big movement in the New York session, we'll see consolidation happening in the Tokyo session.

Pair Which Should We Use?
Simple course. Because at the Tokyo session news that come out frequently from Australia, New Zealand, and Japan, we can take advantage of the release of data and news to trade using news. In addition, generally the Yen Japan will show significant movement, because many of the currencies in this Country of Sunrise changed hands in conjunction with business enterprises Japan.

Although he had no role actively as Japan, but we should not forget that China is also a country with massive economic power in Asia. So just a little news or data that blow from the country with the third largest economy in the world, then it would seem the movement in the market. Moreover, with Australia and Japan which depends on the level of demand (demand) of China, we can see the movement of currencies AUD and JPY.

Well, now let's watch how we should be trading Forex at the London session!

When Trading Forex, Lesson 1: Trading Session

Once we know what is Forex trading, how we should be trading for profit, and where the only we can do that ... now it's time we learn when is the right time for trading. One point that we must not miss!

Know anyone who can occupy the Forex, it is now time to know, anytime we can trade. Well, points our lesson this time is:

Trading Session

Earlier it was mentioned that the Forex market is open 24-hours. But that doesn't mean we should continue to attach our asses in the seats and glaring at the screen of the computer, just in case if market movements would threaten us. Does.

We can turn off the computer and sit quietly for whatever happens in the market, we can dredge up a profit from it. Well when the market is moving up, or when he slumped.

New problems will come when the market is not moving at all.

Although Forex market movements are affected by global market activities and happenings around the world, that they should make the Forex market keeps moving, but there are times when it is also one of the world's largest market was still immobile as Malin Kundang that is affected by the curse of his mother.

Market Hours
The first lesson to learn when is the best time for trading is to understand what kind of Forex in 24-hours a day.

There are three areas of the Forex market (Asia, America and Europe), which is divided into four main parts trading session:

1. Sidney Session
2. The Tokyo Session
3. The London Sessions
4. New York Sessions

However, we will concentrate on just three sessions (session session, Tokyo, London, and New York sessions). Below is a table opening hours and close of each trading session were:

In The Summer (Around April – October)

Time Zone	EDT	GMT	GMT+7
Opening Hours Sidney	06:00PM	10:00PM	04:00AM
Hours Closed Sidney	03:00AM	07:00AM	12:00PM
Opening Hours Tokyo	07:00AM	11:00PM	06:00AM
Hours Closed Tokyo	04:00AM	08:00AM	02:00PM
Opening Hours London	03:00AM	07:00AM	02:00PM
Hours Closed London	12:00PM	04:00PM	10:00PM
Opening Hours New York	08:00AM	12:00PM	07:00PM
Hours Closed New York	05:00PM	09:00PM	03:00AM

In Winter (Around October-April)

Time Zone	EDT	GMT	GMT+7
Opening Hours Sidney	04:00PM	09:00PM	04:00AM
Hours Closed Sidney	01:00AM	06:00AM	01:00PM
Opening Hours Tokyo	06:00PM	11:00PM	06:00AM
Hours Closed Tokyo	03:00AM	08:00AM	03:00PM
Opening Hours London	03:00AM	08:00AM	03:00PM
Hours Closed London	12:00PM	05:00PM	12:00AM
Opening Hours New York	08:00AM	01:00PM	08:00PM
Hours Closed New York	05:00PM	10:00PM	05:00AM

Time open and close each session actually made based on local business hours. This time varies during the months of October and April, as several countries are switching to/from daylight savings time (DST). Change of time of each country could be different.

Of the two tables above, seen that in between each session there is a period of time the same trading session opening. During the summer, from 3: 00-4: 00 AM EDT (15: 00-16: 00 am GMT + 7), the Tokyo session and the session in London had an overlap, and during summer and winter from 8: 00 AM-12: 00 PM ET (20: 00-24: 00 pm GMT + 7), London and New York Sessions have an overlap.

In the hours that the market has the highest trading activity, due to the volume on the two markets are opened at the same time greater than the other. For the hours it's all market participants are busy doing the selling action or purchase. In other words, it is the moment where the money flows faster than one hand into the hands of the other.

If paying attention to opening markets in both tables, Sidney, we will find the opening hours of the session more accelerated Sidney two hours. Well, the question now is why there should be two hours instead of an hour, if the U.S. could adjust their trading hours?

There are things we need to remember about the changes this time. When the US changed an hour, that means the clock one hour accelerated Sidney. Although both have four seasons, but its progression differs between America and Australia. Keep this lesson well.

Well, let's look at the average pip movement of a currency pair Mayor of each trading session:

Pair	Tokyo	London	New York
EUR/USD	76	114	92
GBP/USD	92	127	99
USD/JPY	51	66	59
AUD/USD	77	83	81
NZD/USD	62	72	70
USD/CAD	57	96	96
USD/CHF	67	102	83
EUR/JPY	102	129	107
GBP/JPY	118	151	132
AUD/JPY	98	107	103
EUR/GBP	78	61	47
EUR/CHF	79	109	84

From the table above we can see that European sessions present the most movement. Yuk, observe the movement of pip from each session, so that we can take advantage of trading with even better!

Next lesson: the Tokyo Session

How To Do Forex Trading, Lesson 6: Tips: Ready Umbrella Before It Rains

After going through the whole lesson on "how to Forex Trading" we definitely feel the impatience and want to open an account, while still in the form of a demo account. But there we should understand prior to trading:

1. All traders must have experienced a loss
Yes, that is ALL. The word is intentionally written in the form of capital that we remember: the losses surely we cannot avoid in life, including in the famous Forex trading with an enticing offer. Come on, who's not interested in making money by just sitting down watching the movement of the graph? Here we talk about money in the amount of millions, sometimes even MORE.

But before then, of course there are disadvantages that we have to face.

In fact, 90% of the number of traders in the world certainly never experienced loss and lose their capital. The losses were largely caused by:

>  The lack of a trading plan
Well, except for the purpose of getting a big profit. But come on, we can't call it a plan. We discuss the details and the steps here.

>  Lack of exercise in a demo account
View? Despite the paltry but practice trading on a demo account is one of the most important things for us to become a reliable trader. Remember in films about heroes? Hercules, Superman, Spiderman ... ... ... ... Before becoming a superhero, they all practice hard. Practice swords, martial, lifting weights, and even insect bitten! While the US? We need to do is just stay on demo accounts for several months, before it is ready for action in live trading.

>  The lack of discipline
Who says life as a Forex trader does not require discipline?
In contrast, kedisplinan is one of the absolute in the world of trading. Without discipline, we will often have a Margin Call. We certainly don't want this to happen, isn't it?

>  A lousy capital management
Just as most of the investments and capital investment, Forex trading, when we are required to have a money management fund management system. By having a good money management system then we will be able to control the risk of trading Forex trading.

If we hate the defeat or too expect perfection, it is better not to continue with this Forex lesson. Close this window and return to our daily activities, because such people would have difficulty in adjusting to rhythms of Forex trading are sometimes unexpected movement.

Remember this: a trader, how wonderful he is at the moment, certainly never a loser.

2. Those who shouldn't be trading Forex
"What?! Instead of everyone should join trading? "

Hey, hey ... quiet Fella. Don't be impetuous first, before the all clear.

Although everyone should and could join the trading on Forex, but in practice NOT EVERYONE involved with this field is recommended. Especially those who ...

• It does not work
• Low income
• Drowning in a puddle of their debt
• Unable to pay utility bills, or meet the necessities of life

The main reason why they are with the above characteristics occupy the Forex trading is prohibited due to trading, the least we should have a capital of $ 10,000 (on a mini account), that we must be willing fall in the loss. Hope we can do so only rich people with a capital a few hundred dollars.

The Forex market is one of the popular market filled with liquidity due to cause unusually large size and trends of the currencies around the world to move the strongest trend following. Just because the Forex involves money, don't think all Forex traders all over the world can make a profit with the click of a mouse. In fact only about 10% of traders are able to generate a large profit.

Unfortunately, many people are thinking and misinterpretation with their Forex trading will be able to rake in big profits just overnight.

Well ... okay, we can indeed yield big profits with Forex trading. But the big advantage, will always be accompanied by risks that are not less great anyway. Moreover, that is not understood by all newcomers or those new to Forex are: profit was not immediately resulting in no time. To be able to profit should we discipline level is high, such as the Miss Universe candidates furiously ran the Agency to perform perfectly. This kind of hardware will be at our disposal.

We cannot trade within a short time and generate profit. So, if you still want to continue to trade, we must be willing and able to continue to wait to practice and learn.

"Then what about those who could make a big profit with Forex trading?"

Could be they are traders who were already trading with strategy yahud pro and acid-salt have eaten world of Forex trading, so accustomed to dealing with big risks that could make our heart skipped just by looking at it.

Well, for us who just learn trading, better do it slowly because trading Forex is not a skill that can be mastered in an instant. Let's read some Forex trading lessons here, while you learn trading through a demo-account.

Next lesson: Trading Session

How To Do Forex Trading, Lesson 5: The Practice Of Passing A Demo Account

Although not many current Forex knowledge we have, but we can open a demo account. Even if we only know what is Forex. The purpose of a demo account is so that newbies and those just learning the Forex can learn firsthand how to trading. Moreover, by opening a demo account we can learn while the practice directly. Well, while you feel what it's like to be a trader. Hehe ...

We can open a free demo account and without any RISK in the majority of Forex brokers and enjoy the same accommodation as the real account.

"Sure, it's free? In this world there are no free ones, right? "

"And without the risks? Bullshit. "

Demo accounts can be said as one way the promotion of Forex brokers to attract new clients. Because even though it looks free, in fact at the same time Forex broker baring every inch of their trading platform. So we feel comfortable, love, and inseparable with the screen of our computer, we will automatically open a real account at the broker and deposit real money.

But there are things we have to remember:
Keep trading on a demo account until we feel comfortable, finding the character of traders and trading styles, and developed a profitable system. Before you open a real account and use all our assets as capital.

ONCE AGAIN: KEEP TRADING ON A DEMO ACCOUNT UNTIL IT FINDS THE CHARACTER OF TRADERS AND OUR TRADING STYLE, AS WELL AS DEVELOP A PROFITABLE SYSTEM.

It is the most important and basic lessons that should be remembered by all the newbies like us.

Next lesson: Tips! Ready Umbrella Before It Rains

How To Do Forex Trading, Lesson 4: Pip And Pipettes, Seeds Of Forex Profit

Previously we have been hearing the term "pip", "pipettes", and "lots". But in this section we are going to really get to know more about those terms, their value, and how to calculate the third.

Okay, cerna well this information. And don't think anything about trading until we feel comfortable with the calculation and the value of the pipettes pips and seeds will yield a profit for us.

"Okay, tell me, what is a Pip and pipette exactly?"
Pip is a unit of measurement that shows the change in value between the two currencies. For example, the pair USD/JPY. This Pair of figures moving 91.23 to 91.24. Well, rising 0.01 JPY is called a PIP.

Pip typically is the last decimal in one quote (quotation) the value of the currency. Most pair appears with 4 decimal places, but some currencies (like the Yen Japan) that it comes with two decimal places.

Flash News:
There are some brokers who use other currency pair quote from general standard "4 and 2 decimal places. They use a "5 and 3" decimal number and quote (quoting) fractional pips, which is also called "pipettes". For example: If the pair GBP/USD move from 1.51645 to 1.51646 numbers, that means rising 0.00001 U.s. dollar pair was called up one pipette.

Each currency has a relative value of each, therefore it is necessary to calculate the value of a pip of a currency pair. Well, this is another example of a pip we can learn, with the exchange rate ratio was described as easier to understand it (anyway, we're still level trader preschool level, hehe ...).

The ratio of the rate of exchange for the pair EUR/USD 1.3500 =. We read 1 USD is worth with 1.3500 EUR, or 1 USD/EUR 1.3500.
(counter currency exchange rate) x exchange rate exchange rate ratio = value pip (upon the base currency). Then ...
[0.0001 USD] x [1/USD 1.3500 to EUR]
Or simply put:
[(0.0001 EUR)/(1.3500 EUR)] x 1 USD = 0.00007407 USD per unit.

Using the above example, if we wanted to trade 10,000 units of EUR/USD, then a change in the exchange rate against the pip will be worth approximately 0.74 USD, with the calculation of 10,000 units x 0.00007407 USD/unit.

"Then why don't we use the term ' approximately '?"

This is because every time the exchange rate the exchange rate change, then the value of the pip will get changed.

Here is another example using the Yen as Japan counter top Euro currency, with a value of $ 100.25.

In contrast to the previous, the pair EUR/JPY currency pair using only two decimal places to calculate the value of 1 pip change, while most other currencies using a four decimal digits. In this case, one pip movement would be worth 0.01 JPY.

The formula of its calculations are:
(Counter currency exchange rate) x exchange rate exchange rate ratio = value pip (upon the base currency).
[0.01 JPY] x [1 EUR/100.25 JPY)
Or more simply put
[(0.01 JPY)/(100.25 JPY)] x 1 EUR = 9.975 EUR.

From the above calculation to see that when we are trading the EUR/JPY 10,000 for, any changes to the pip is worth approximately 9.975.

Find The Value Of The Pip In The Account Denomination
The main question about pip is "how much value we gain based on pip account currencies?"

The calculation of profits in the Forex system different to calculating profits in other fields. We must remember, the Forex market involves global and not everyone mendenominasikan their accounts to the same currency. That is, the value of the pip should be first converted in accordance with the currency used on our account.

Pip value calculation formula is pretty easy. We live mengkali or share "value pip obtained" with the exchange rate in the exchange rate of the currency used in the account currency and we had.

Rather than giddy imagining, we wear just an example of the EUR/JPY pair above, let's convert "pip value obtained" from a pip value of 9.975 EUR in USD using the EUR/USD 1.3500 rate ratio as on the exchange rate.

If the currencies we change is counter currency exchange rate exchange rate ratio of conversion, then we need to do is divide the "pip value obtained" with the exchange rate exchange rate conversion ratio:
9.975 EUR per pip/(1 EUR/USD 1.3500)
Or
[(9.975 EUR)/(1 EUR)] x = USD 1.3500 13.47 US DOLLARS for each movement of the pip.

So, for each 0.01 movement move on the EUR/JPY 10,000 units, the value changes the position more or less worth 13.47 US dollars.

If we change the currency is the base currency of the exchange rate exchange rate conversion ratio, then multiply the "pip value obtained" with the exchange rate exchange rate conversion ratio.

Using the example of a pair EUR/JPY in the first example, let's find the value of a pip 9.975 EUR became Australia Dollars. We will use the value of the exchange ratio as 0.6500 exchange rate conversion:
9.975 EUR per pip x (1 0.6500 AUD/EUR)
Or ...
[(9.975 EUR)/(0.6500 EUR)] x 1 AUD = 15.3385 AUD per pip movement.

So, for each movement of 0.0001 pip on EUR/JPY based on the example above, change the position of our 10,000 units will be worth approximately AUD $ 15: 34.

Dizziness? Hehe ... don't worry, by the time trading later on we don't need to sweat the calculation of pip or pipette. We've got a broker will do all the calculations for us.

Weits, first because emotions don't get dizzy calculating profit from pip. It doesn't hurt, right, we know how the seeds of profit we thrive?

Okay ... time to rest and cool head. See you in the next lesson.

Next lesson: the practice of Passing a Demo Account

How To Do Forex Trading, Lesson 3: In action in Forex Trading

Forex is about global markets, of course, every issue of the world affects the price movement of the pair. When the issue of this kind happen then we can use fundamental analysis, which utilizes data from news releases to forecast where the market trend will move.

"Fundamental Analysis? What is it? "

Relax, Comrades, we do not need to concern about fundamental analysis which we will discuss later. Now we need to do is concentrate on the three currency pairs below and pretend this is what happens.. 

EUR/USD
In this example, the base currency as well as a base for order buy or sell is the Euro.

If we believe the u.s. economy will continue to weaken and will give an adverse effect on the U.s. dollar, we can execute the order BUY EUR/USD. That way, we have bought the Euro currency with the expectation it would be increased compared to the u.s. dollar.

On the contrary, if we believe the US economy will be weakened and the Euro strengthened compared to the US dollar, the order of execution is what we must SELL EUR/USD. Thus we have been selling the Euro by expectations the currency would fall against the u.s. dollar.

USD/JPY
In the example this time into the base currency at the same time base for a buy or sell order is USD.

If we believe the Government of Japan will weaken the value of the Yen in order to encourage the industrial exports of his country, then all we have to do is execute the order BUY USD/JPY. That way, we have purchased with the expectation value of the US dollar will rise against the Yen Japan.

Well, if we believe investors are pulling their money out of Japan's market to American financial and exchanging all their U.s. dollars back into Yen, making the value of the U.s. dollar slumped. Order our execution to be in this situation is to SELL USD/JPY. As such, we've been selling U.s. dollars with expectations of value of the currency will depreciate against the Yen Japan.

USD/CHF
This time the base currency and of the base to buy or sell order is US dollars.

If we are confident the Franc Switzerland over-valued, then we must execute the order BUY USD/CHF. Thus we have bought US dollars, with the expectation of the value of the currency will rise against the Franc Switzerland.

On the contrary, if we believe the U.S. housing market weakened and will affect the future of the country's economic growth of Uncle Sam, then we should order execution is SELL USD/CHF. That way, we have been selling U.s. dollars with expectations the currency will depreciate against the Franc Switzerland.

Margin Trading
When we go to the supermarket to buy eggs, of course we can not buy a grain of course. At the very least we should buy a quarter or 4 "lot" If the dictionary trader.

The same is true in the world of Forex. We're going to look silly when it said it would buy or sell 1 Euro. Forex trading generally in all currencies traded in the size of the "lots" of 1,000 units of currency (on a micro account), 10,000 units (on a mini account), or 100,000 units (on a standard account). It all depends on the broker and the type of account that we use.

"Woe! I do not have had enough money to buy 10,000 euros! What this means I can't trade? "

Quiet ... we can still trading even though it was unable to buy 10,000 euros. Here's How? By making use of Margin trading course.

Margin trading is a term known in the Forex world for a number of our capital borrowed. With margin trading can we open-position of $ 1,250 or even $ 50,000 with only $ 25 or $ 1,000. We can do massive transactions quickly and cheaply with the small starting capital.

Flash News
As the development of retail Forex trading, some brokers allow traders to transact with a lot of custom. So we don't need a trading account with micro, mini or standard lot. If we, for example, want to trade with 1,234 lots because this is our lucky number, then we can use it!

Rollover
For the open-position on the "cut-off time" our broker (usually on Saturdays at 5: 00 p.m. (EST), or on Sunday at 05: 00 am (GMT + 7)), there is the daily rollover interest rate paid or obtained as a trader. All depends on margins and the trader's position in the market.

If you don't want to produce or pay interest of just simple our position, here's how: (make sure we close-position, and could not spare a single one of the open-position, prior to 5: 00 pm EST, the time of expiry of the Forex market on every week.

Rollover cannot be separated from the Forex trading, for trade (trade) of each currency involves borrowing one currency to buy other currencies.

Interest paid using currency borrowed, and resulting from the currency bought. In short, when the difference between the interest rates of these negative means that we have to pay.

For more information about the details of the rollover, we can ask it at the dealer or broker we are.

Some retail brokers adjust rollover interest them based on some things (leverage account, open borrowing rates between banks).

Below is a table that can help us to imagine the difference of interest rates of any major currency.

Next lesson: Pip And Pipettes, seeds of Forex Profit

How To Do Forex Trading, Lesson 2: Harvesting In The Fields Of Money Forex

Forex like a forest with major currencies, our job as a trader is "splice" two currencies and wait for its development.

Read Forex Quote
"Okay, copulate. And then between the two currencies is already a pair that's who became a husband? "

Good question, though strange .... But it's not like it's a way of reading a Forex quote. Basically in Forex transactions, when we buy (buy) one currency, automatically we sell (sell) the currency to be his counterpart. For example, on a pair of Euro vs dollar, as shown in the image below:

A currency that appears in front of a slash is known as the base currency or, in this case EUR, while the existing currency behind the slash is commonly called the counter or quote currency or in this case the USD.

If the order we do is "buy" exchange rate, tell us how much we have to pay to use the quote currency to obtain the base currency. More simply, let's use the example above. To buy EUR 1, we have to pay USD 1.3186.

When we do a "sell", the exchange rate tells how many units of the quote currency will we be when selling one unit of the base currency. If you use the example above, that means we will get USD 1.3186 when selling EUR 1.

In order to more easily understand about pair trading and how to use it, we simply menghapalkan the key: the base currency is the "base" or "basis" to order "buy" or "sell" us. So ... when we buy EUR/USD, it means that we are buying euros and selling Dollars.

Still dizzy? Just let our attention to buy (for example) the pair EUR/USD, if we believe the base currency (EUR) will go up in value. Instead, we only need to sell pairs, if you believe the quote currency (USD)-lah is going up. Simple, right?

Long/Short
We need to remember the formula for the term are:
The first formula: long = buy
The second formula: short = sell
The first thing we must do is determine the order, whether we want to buy or sell.

If you want to buy, we must ensure that the value of the base currency is rising. After purchasing, we'll resell it with higher prices. If the dictionary trader, what we do is called "going long" or doing "long position." In this case, the first formula is applicable.

Now, if we want to sell, we must ensure that the value of the base currency is down. Then we will buy a pair with the base currency is the lowest price. The dictionary trader, our action is called "going short" or "short position". In this case, we are simply considering the second formula.

Bid/Ask
All Forex quote is cited with two prices: bid and ask. The bid values are generally lower than the ask.

Bid is the price at which the broker we are willing to buy the base currency of the quote currency. It means ... the bid price is the price the best quote currency sales, which will be sold to traders (US) to the market.

While ask is the price at which the broker we are willing to sell the base currency against the quote currency. Which means ... the ask price is the price of purchasing the quote currency is the best one to buy, trader (US) from the market.

The difference between the bid and ask price is known as the spread. To simply put, let's look at the example below:

The quote EUR/USD above, the bid price was 1.36407 and the ask price is 1.36428. If you want to sell EUR, live click "sell" and we are going to sell at the price of 1.36407 Euro. On the contrary, if we want to buy EUR, live click "buy" and we will be buying the Euro at the price of 1.36428.

To calculate the spread examples above is the ask price, bid price-or 1.36428-0.00021 = 1.36407. This is the price we have to pay the broker.

Next lesson: in action in Forex Trading

How To Do Forex Trading, Lesson 1: Margin As Honey And Poison

When hearing the word Forex, the first thing that is in our heads is the "big profits". However, one can not simply plunge into the Forex and generate a lot of profit. Actually how to Forex trading correct?

The Answer Is NO.

Yap. No one can determine the proper trading way, for each trader has the character and style of trading respectively. But in General, here are the basic ways of Forex trading.

Margin As Honey And Poison
The Margin could make large profits for traders, but also could lead traders to the brink of loss. Learn more about the most crucial aspect in this Forex trading.

The first step to understand how forex trading is to know the procedure beforehand. When registering on forex, we will later meet a selection of leverage or margin. We will often find the term margin and leverage this later, because her role is quite important for the sustainability of our trading account.

Understanding Margin
With the margin, we can trade some thousands of dollars without having to spend thousands of dollars anyway! The Margin can ease all at once can also be troublesome for our account. That is how the heck? What tuh margin trading? So that it is easier, just go to the example of the case:

Known today EUR/USD exchange rate is 1.5712 meaning 1 Euro equals US $ 1.5712. And the next day the currency pair has experienced a movement of points become 1.6712. For example we bought 100 Euro, then the profit we earn is calculated as follows (1.6712-1.5712) x 100 Euro = 0.01 x 100 = 1 Euro.

Why, the profit just 1 Euro so pulling it, then what is forex trading? Lah, its capital is small anyway, just 100 euros. Imagine if we deposited the larger capital 10,000 Euros for example. So if calculated again, with a deposit of it, the upside can be 100 euros! If exchanged for Rupiah 100 euro x USD $ 15,000 = Rp1,5 million! Whoa, okay well Yes!

The case of the example above, perhaps there are some of us who argued, "a Deposit of it but only 1% percent of the profit? We are desperately looking for a capital of 10,000 euros or 150 million dollars, just to be 1.5 million? Just a lie, "dong

Well, the above example is the conventional trading system with one single Exchange rate, meaning that the higher the capital higher thankfully. Type of trade as it surely wouldn't be interesting especially for traders who are mediocre marsupials. That policy ended up margin trading is presented.

With margin trading, we do not need to explicitly set up a capital of 10,000 euros for trading. Bottom line, you simply pay a guarantee to obtain the capital of 10,000 euros. Where to pay? Of course we have to the broker choose!

In the present era, guarantees for capital trading ranges only 1% or is usually mentioned with a ratio of 1: 100 leverage. As such, we just pay 100 euros to 10,000 euros capital gain and profits remain 1.5 million! Bottom line, we could be so lucky 2 x folding in one day!

Then if the broker is not loss set up that kind of money? Of course not! Remember loh, forex trading is the trading of non-physical, meaning that brokers do not need to give us as much money as 10,000 euro segepok real. They only need to provide a facility and benefit all its own. Where did the broker earns a profit, will be discussed further in the primary.

If so, it's a miracle, Yes, this margin trading?

Margin As Honey And Poison
Eits, don't get me wrong. Behind this wonder, margin trading, in fact, like honey and poison. He could be the honey by giving us the opportunity to gain a huge advantage at once become poison, because the margins are a trader could suffer huge losses. So how come?

In forex trading, a trader should be ready before the rain, umbrellas on hand before steamy fan. That is, there is a risk that contained in forex trading is to be anticipated. Risks in forex trading is certainly a loss.

Forex vs. Stock on chapter, we had discussed at a glance about the margin in forex trading. Er, how? Forget? Or are still confused? Hmm, all right! We will review again the example of the use of margin trading with the case that almost close to reality when trading.

So here's the thing, when looking into a chart and found pound sterling United Kingdom was dealing with the U.s. dollar, we predict that the Queen of the United Kingdom will beat Uncle Sam. Then we open one standard lot (100,000 units of GBP/USD), by buying the GBP with a margin of 2% and then wait for the exchange rate pair is soaring.

Remember, when we buy one lot (100,000 units) GBP/USD at price of 1.35000, that means we buy 100,000 Pounds equal in value to $ 135,000 kPa U.s. dollars (100,000 units in the calculation of GBP x 1.35000).

If the specified margin is 2%, it means that we will only use $ 3,000 of the $ 135,000 kPa our capital. Now we can control the 100,000 Pounds with just $ 2,700 US dollars.

When our predictions come true, the next thing we have to do is do a sell order, close-position number 1.35350, and profitable $ 350 US dollars from trading.

When we decided to close-position, our initial deposit will be refunded plus a profit (or loss) that we achieved. Profit or loss from trading we will put in our account. Well, so it's pretty obvious it's how margin works?

"What would happen if the predictions we miss the mark?"

Still remember it if the margin could be a honey and poison to our trading? Our prediction is that Melesetnya made the margin as toxins. A little giveaway ya ya, in forex trading despite trading as much as we can open 1 lot with guarantees of 1.5 million pounds or 100, the price would not be pure 100 pounds. Brokers will generally specifying a minimum deposit on top of the price of one lot. The minimum required Deposit could be just 250 Pounds or more. Its function is of course to hold the position when the predictions we miss the mark and prices move against our position.

More simply put, this example suppose we open a trading account with 1 lot GPB/USD at price and our initial deposit 1.9600 is USD250. If a 100 pound equals USD196, then compute the 250-196 = USD54. That's the Dollar funds 54 later kan sustain our position.

So what if the price continues to fall up to the point of 1.9546? Of course the USD54 funds strut rushes. Finally, our position will be closed automatically by the system because the collateral is up and this condition is known as a Margin Call aka MC. so total losses to us is our money and remaining USD54 is $ 196 of the initial deposit USD250.

Margin Call
A Margin Call is a demand from the broker for the deposit in order to add any number of positions that are not terlikuidasi because the guarantee had expired. For a trader, getting a margin call taste is not the same as getting a morning call from our beloved (ya iyalah!). Margin call means a sign towards the abyss of a loss. Given the GBPUSD is a pretty Frisky pair aka pair with high volatility, this pair are frequent moves up to 100 pips per day. So, it is likely we can lose USD54 MC and only within a day.

Until here appears to be not that we could have got a profit of up to 100 dollars a day, but the losses will we experience due to a margin call can also occur if our deposit is only $ 250. So, that's the disadvantage when we trade with very little capital. Imagine if our capital USD1000, certainly there are still remnants of sufficient funds to sustain the price movement several times. As a side note, the prices never move in one direction multiple times. With a large capital, means we still have the possibility of profit if the price of return move past 1.9600.

How? Already understand little or know a lot about how to forex trading? Now, let's move the discussion to the next class!

Next lesson: Harvesting in the fields of Money Forex