Lets start with forex

FOREX market is a great similarity with the fair, free market. However there are several key differences. This article will show you and help you start trading on the FOREX market.

Choice of Broker

There are many FOREX brokers to choose between, as in any other market. Note the following:
• Low spread - spread is calculated in pipsove and difference between the price at which currency can be bought and the price of which can be sold at any one time. FOREX broker do not charge commission, so this is how they earn money. In comparing brokers will find that the difference in the spread of FOREX is a magnitude similar to the commissions in the stock markets. Low spread will save you money.


• Quality Institution - FOREX brokers are usually tied to large banks or lending institutions because of the magnitude of required capital. FOREX broker also must be registered and regulated the relevant institutions. This information can be found, and other financial information and statistics on FOREX brokeridzha in the relevant web pages and pages of companies - parent.


• a set of tools and research - FOREX brokers offer many different trading platforms for their clients - as all other brokers in other markets. Their trading platforms often vklyuchvet real-time charts, technical analysis tools, news and information in real time and even trading systems. Before you trust the broker, make sure you offer free test different trading platforms. The broker usually provides technical and fundamental overview, economic calendar and other studies.


• Wide range of options livaridzh - livaridzha need to FOREX-and because the price deviations (the source of profit) are just pieces of cents. Livaridzha expressed as a ratio between total capital available to the actual capital, is the magnitude of money that the broker will take your trading. For example ratio 100:1 means your broker would you zael $ 100 on every $ 1 of your current capital. Many brokers offer more than 250:1. Remember that low livaridzh means low risk, but low profits.


• Types of accounts - many brokers offer two or more types of accounts. The lowest bill, known as mini-account trading and requiring minimum is about 250 dollars and has a high level of livaridzh (so you can make money with little capital). The standard account allows you to trade in different livaridzh, but requires a minimum initial capital of 2000 dollars. Finally, with the premium account, which often requires a significant quantity of capital, gives you the right to trade with other livaridzh and often offer additional tools and services.

Things to avoid

• To cut or fishing - or hunting or cutting early buying and selling close to current levels - are actions entrusted to the broker to increase profits. Obviously, no one broker does not allow such actions, but note that the broker or hunting practice cutting and likely to be true. Unfortunately the only way to find out if brokers do or not to receive feedback from traders. There is no blacklist or organization that demonstrates such action.


• Strict rules for marzhin - When dealing with loan funds, your broker will tell you how many take the risk. Say you have marzhin-account and your position before you fall led to profit ultimately. Even if you have sufficient funds to cover, some brokers will close your position at a low level. That their action may cost you dearly.

To find a FOREX account is almost the same as the free market through account. The only major difference is that in FOREX account requires you to sign marzhin agreement. According to him, you will be trading with borrowed money and the broker will be able to intervene in your transactions, to protect their interests. I like open an account, just fund it means and you're ready to trade.

Identify the main FOREX strategy

Technical and fundamental analysis are two main directions in strategy FOREX market - as well as the free market. But technical analysis is a strategy often used by individual FOREX traders. We give you a brief look at two forms of analysis and how they affect the FOREX:

Fundamental analysis

If you believe that it is difficult to evaluate a company, try to appreciate the whole country! FOREX fundamental analysis is often very complex and usually is used only to determine the long-term trends, but some short-term traders trade based on news. There are many indicators of fundamental exchange rates at different times. Here are some of them:

• Employed in non-agricultural sector
• Index management purchases PMI
• Consumer Price Index CPI
• Retail
• durables

These data are not only fundamental factors for surveillance. There are several meetings and comments, which may affect the market. These meetings usually discuss interest rates, inflation or other indicators affecting the value of a currency. Another speech, one word, just targeted, for example, comments on the boss of the Federal Reserve may cause strong movements. Note the Federal Open Market Committee and Humphrey Hawkins Hearings.


Reportite and reading the comments can help you through the fundamental analysis of the FOREX market to understand better the long-term market trends and to allow short-term traders can benefit from unbeloved situations. If you choose to follow fundametalnata strategy, be willing to have economic calendar at any time in hand to know when will the data be exported. Your broker can ensure access to this information in real time.


Technical analysis
A copy of the free market, technical analysts of the FOREX price trend analysis. The only key difference between technical analysis in FOREX and technical analysis of the free market is the time frame: FOREX market is open 24 hours a day. One of the most commonly used tools in technical analysis of FOREX are:

• waves of Elliot
• Fibonachi
• Parabolic SAR
• Pivot points

Many technical analysts combine technical means to build a more accurate forecast. (often in combined waves of Elliot and Fibonachi) Other trading system constructed by repeatedly simulating the conditions of purchase and sale.

Find your system

Most successful traders set up a strategy and improving all the time. Some focus on a certain word or calculation, while others use a wide range of tests to determine their trade. Most experts advise to try a combination of technical and fundamental analysis, which can acquire the long view of the market and to identify points of entry and exit from the market. But ultimately is an individual perception that a solution works well or not for traders.

Things to remember

• Open a demo account until the permanent earnings measure - many people go to the FOREX market and quickly lose a lot of money. It is important to take time to learn to trade properly before real capital input. The most easiest way to achieve it is trading.

• trade without emotions - do not use mental tail if you will not be able to run them on time. Always place stop-loss and take-profit to run automatically and do not promenyayta unless absolutely necessary. Decision and follow it.

• trend is your friend - if you trade against the trend is to have a good reason. Because of the FOREX market is traded in more than a trend movement in quiet market and have strong chances in the trading trend.

In conclusion

FOREX market is the biggest market in the world, and individual interests to the rise. But before you start trading on it, be sure your broker meets certain criteria and the time to establish marketing strategies that work for you. Remember that the only way to learn to trade FOREX is through a demo account.