Forex OTC trading on the differences in exchange rates, based on the measurement of one currency to another.Market arose simultaneously with the advent of paper money, but until the mid-19th century served the state treasury and large commercial banks.By the beginning of the last century, entered the market speculators.In the 1970s there were dealerships offer a modern principle of lending: for a deal took about 1000 dollars missing funds provided by the company.With the development of information technologies and the expansion of the required minimum of participants has dropped to 100, in some companies up to $ 20.Modern look FOREX acquired in the 1990s.Despite the simplicity of forex for beginners seem scam or a complex cocktail of psychology with math.However, start trading much easier than it seems.We need an accurate understanding
few moments.
first step - the choice of the dealer, in other words, companies that provide access to the market FOREX.It is important to verify the reliability of the company by the reviews on the forums traders.The second point, the comfort of working with the company: user-friendliness of the trading platform, the size of the minimum deposit methods depositing and withdrawing profits.It is important to read the agreement and related documents.Requirements to keep open positions, the vagueness of the wording and promises 100% profit - the first signs of fraud.Signs of stability: the accountability of the Commission on regulation of relations in the financial markets (KROUFR), reception and payment through the existing payment systems in Russia, at least the negative reviews on forums and traders working in the domestic market for over 15 years.Before making any money on deposit (real account) work out at the demonstration.This trade in virtual money for real quotations.Forex for beginners includes simple rules:
1) Try to avoid transactions in 15 minutes before and after the news.Take a look at the graph, analyze what is happening.Make your predictions mark expected price movement.
2) to open the terminal, make your prediction for the day.Determine the maximum levels rise and fall of quotations, the possible stops during the day.
3) Once the forecast hour wait, no matter how attractive did not seem to price movements.Analyze the forecast, because the market should be any less than a third of the theory of trading time.
Basis quick reading schedule - quote, expression of the value of one currency to another.It consists of two parts.Left brief contractions of the written character: what currency and what is estimated.Currencies are identified by three, at least four capital letters of the English alphabet.The first two represent the country: US - United States of America, JP - Japan, GB - United Kingdom.The latter means the currency: D- dollar, Y - the yen, P - pound.respectively.
For example, the designation of EUR / GBP refers to the valuation of the euro in the British pound.It adds four- or five-digit number expressing the price.Full view quotes EUR / USD: 1,203 means: 1 000 euros worth 1203 US dollars.Quotes expressing the value of the currency in US dollars, are called straight.The expression value of the dollar to other currencies is called direct quote, one of the most common examples of USD / CAD.Cross-rate is called quote, devoid of expression value of the currency in US dollars.Quotes are 2 price: Ask, or sales, and Bid, purchasing.The difference between them, spread, net income dealer.When buying foreign currency (By) the transaction is opened at the Bid price and closed when the Ask.The deal for the sale opened at the Ask price and closed at Bid.
Undoubtedly, trading in FOREX is easy.However, beginners should establish a limit of daily earnings and leave the market in spite of the expected profits.Caution is helping to preserve and increase capital.
