Weekly Forex Performance

Weekly Forex Performance on FxOpen.Com
26/05/2008 - 30/05/2008

(i) Detailed Statement

(ii) Forex Performance 1

(iii) Forex Performance 2

(iv) Forex Performance 3

Total Won = Usd$ 3,766.30

Fibonacci Forex Trading

Basic Forex - Fibonacci Forex Trading Skills

Learn on how to trade with Fibonacci Forex System from the video added below.

Simple Mt4 - Trade by Indicator

Different Forex Trader will used different trading skills/method/style/strategy. Once u were in Forex World, u must always learn something new to improve your Forex Performance.
Getting loss on Forex Trade is an ordinary. There is no one can prevent from losses when there are new on Forex Trading. But,if u're trained yourself in well,u can win every single your post trade.

Here is my Mt4 platform using FxOpen as my Forex Broker.
One of my trading style is used 3 simple indicator that is Moving Average(MA), Zig-Zag, and Pivot Point as my reference for previous day price history.

Sample of Mt4 Platform

On the next post,i'll tell the secret behind my Mt4 Platform. ;-P

What is Technorati?

Technorati Profile

Learn Forex - The Basic of Forex

Buy/Sell, Long/Short
If you want to open a position (i.e.: place an order to sell – to make a profit if the exchange rate falls) you have to choose the amount (i.e.: 100.000 EURUSD) from the drop down menu on the platform and then click the mouse on the sell currency button: SELL (if you want to place an order to buy, you should act in reverse).
This will open a position in the market and you will receive an immediate notification of it on your trading station.
To close an open position, you have to do the opposite of the initial operation – in our case buy the 100.000 EURUSD back.

Quotation System
Currencies are quoted in pairs, for example – EUR/USD or USD/JPY.
The first currency in the pair is called the base currency and the second is called the counter currency.
The base currency is the ‘basis’ for purchases and sales. For example, if you buy EUR/USD, then you acquire Euros and sell Dollars. You do this if you expect the Euro to grow against the Dollar.
It is also possible for a currency pair to be quoted as USD/EUR, but this method is used extremely rarely.
Each transaction must have 2 sides – a buy and a sell (or a sell and a buy).By this we mean that it is impossible to buy 100.000 EUR/USD and then exchange it for another currency pair (i.e.: EUR/JPY) without closing the first position.
Also please note that no physical currency delivery will be made. For these purposes banks and exchange companies, which specialize in low-rate currency conversions are available.

Forex Market Working Hours
The Forex Market, based on ‘spot’ transactions, is unique in comparison with all other global markets.This is because trading takes place 24 hours a day, 5 days a week. Financial centers are open for work, and banks and other organizations exchange currencies in different parts of the world for different purposes.
Therefore, trading never stops apart from a short break during the weekend. Early closings are possible depending on calendar arrangement such as, for example, Christmas or new year’s eve.

Margins
A margin deposit is not, as many traditional traders suggest, the payment in cash for purchasing market shares. A margin is in fact a guarantee or a trust deposit, providing protection from losses during a deal? It allows traders to open positions on amounts that greatly exceed their account limits and so increase their buying power. 1:100 leverage, which means you can control 100 times your deposit in the real market.
If the funds in the account, in the course of trading, fall below the prescribed margin, your positions will be closed automatically without prior notice. Using this system, the client’s account cannot go overdrawn even under volatile, fast-changing market conditions.
The formula for calculating margins is as follows: (account balance + profit/loss) : open position = the margin.

Swap
For the sake of transparency and unlike any other online broker we actually have a complete explanation of applied cost of carry on behalf of the market or the customer on open positions held overnight. This overnight cost of carry is presented as a simple flat fee either paid or charged on a customer's account. This process makes for extremely simple statements and greatly increased executional transparency since we do not modify the original price of the position entered into by the customer.

New To Forex??

What is Forex??

"Forex" stands for foreign exchange; it's also known as FX. In a FOREX trade, you buy one currency while simultaneously selling another - that is, you're exchanging the sold currency for the one you're buying. The foreign exchange market is an over-the-counter market.

Currencies trade in pairs, like the Euro vs US Dollar (EUR/USD) or US Dollar vs Japanese Yen (USD/JPY), Pound Sterling vs Japanese Yen(GBP/JPY) and etc. Unlike stocks or futures, there's no centralized exchange for FOREX. All transactions happen via phone or electronic network.

Who Trade Currency and Why?

Daily turnover in the world's currencies comes from two sources:

• Foreign trade (5%). Companies buy and sell products in foreign countries, plus convert profits from foreign sales into domestic currency.
  
  
• Speculation for profit (95%).

Most traders focus on the biggest, most liquid currency pairs. "The Majors" include US Dollar(USD), Japanese Yen(JPY), Euro(EUR), British Pound(GBP), Swiss Franc(CHF), Canadian Dollar(CAD) and Australian Dollar(AUD). In fact, more than 85% of daily FOREX trading happens in the major currency pairs.

With average daily turnover of US$3.2 trillion, FOREX is the most traded market in the world.
A true 24-hour market from Sunday 5 PM ET to Friday 5 PM ET, FOREX trading begins in Sydney, and moves around the globe as the business day begins, first to Tokyo, London, and New York.

Unlike other financial markets, investors can respond immediately to currency fluctuations, whenever they occur - day or night.

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Who is FxOpen?
A little acknowledgment about this Forex Broker.

* FXOpen is a financial service company specialized in providing traders with high quality online trading services. FXOpen provide opportunity for individuals and private companies to trade on financial markets under equal conditions like traders operating in traditionally closed financial centers and institutions. Fxopen.com - Offers you FXOpen currency trading service that includes professional services in free streaming forex, forex broker, online forex trading, forex exchange, mini forex, mini forex trading platform. You can trust us for services in micro forex, micro forex trading platform, affiliate system, bonus system and in places like the United States, Egypt, Malaysia, Indonesia, Russia, China, France.

FxOpen Services and Benefits :

• Spread from 2 pips
• Credit leverage from 1:1 to 1:500
• Micro accounts from 1$
• Standard accounts from 25$
• A wide range of financial tools
• Trading terminal MetaTrader 4
• No Swap
  
• Instant Execution — Quotation system
• 100$ bonus for standard accounts
• Online support 24/5
• Easy Deposit and Withdraw
  

Register your Forex Account Now!
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