Brief introduction to the basics of trading on the Forex currency

Buy cheaper - sell expensive. Blockquote>
Internalize important trading rule proceed directly to the market rates. Now courses can earn a decent amount and the path to it is not so difficult, everyone can learn the techniques and strategies of trading. Three main elements of successful trading:

 - The knowledge and the possession of an effective strategy;

 - Skillful use of the program (TradingDesk);

 - Nerves of steel and the ability to control their emotions.

With a set of these elements can successfully go into a plus, the plus is not measured in money - in points. You also need to understand that the bank rate is always different from the market due to the fact that the banks set their exchange rates with the aim to make (adhering to the first and most important rule of speculation).

Basic definitions are:

 - Margin trading (Eng. «Margin trage») - trading with leverage. The main "locomotive" of speculating trade. It allows you to make a small initial deposit.

 - Pip, aka «pips» (or "point") - is used to change the conversion rate towards the gain or loss on the transaction. Example 1 Point CHF, EUR, GBR is 0, 0001. In case of Euro changed to 1 point from the value 1 increasing to 1 0500, 0600, then it is in points 100 PIPS (10,600 - 10,500 = 100), such growth provides profit of 1,000 dollars. 1 pip on the euro is $ 10 if the transaction is 100 000 euros. The point is, how much is a pip on the currency pair, and only its value and win the number of traders concerned.

The principle allows successful play forex :

 - The selection of the site for trade;

 - The opening of a deposit (usually also includes a security deposit for increased shoulder);

After opening the account, and run the program to trade the player receives a market rate of currency pairs in real time. There are 2 prices:

Bid - the selling price;
Ask - the purchase price;
Spread (with English. «Spread») - the difference between bid and ask. It is usually from 2 to 10 points (see. The above «pips, point»).

During the trade the player opens the deal (which aim to buy or sell). Earlier we talked about leverage. Leverage is calculated so that the insurance fee covers one failed deal. We would like to note that for each lot the player pays $ 500 - a pledge. Further, it is divided into two parts. The first part is the key (not participating), and it is returned after the transaction (closing). The second part is the "residue" on it, and reflects the result of trade. In case you lose an amount of "balance", a platform initiates the process of "bankruptcy", ie In this case, the player must replenish the balance or deposit fully reset (to ground was not in the red, automatically, the player losses, the transaction is closed). The player has to make sure that the negative fluctuation was less than its deposit (in the open transaction).

Obviously, to become a successful trader you need to scrutinize all the information online broker (to know about specific amounts of leverage), etc. Constantly improve their skills, analyze our mistakes and not repeat them.