Rules And How To Trading Forex

For those of you who are beginners in the forex world, and you are wondering, How sich playing the forex trading? The answer is easy. Even with only a few minutes of exercise would have understood basically. But once again we have written in previous articles articles. That play forex is easy, just have a difficult victory.

Forex is basically playing predict the value of a currency pair goes up or down. And confidence of predictions that we are making in the open position / trade. And in forex there are only 2 types of open positions. namely

1. BUY / BUY / LONG: Predicting the value pair UP
2. SELL / SELL / SHORT: Predicting the value pair DOWN

In order for more details, see the illustration below.

1. Daiku entry at position BUY EUR / USD at 1.3000, after a certain time
   Daiku SELL (CLOSE) at 1.3064 then Handoko gain 64 pips / points (the smallest unit in forex)
   If Daiku SELL (CLOSE) in 1250 then suffered a loss of 50 pips Handoko
   
2. Novie entered in positions SELL GBP / USD in 1500, after a certain time
   Novie BUY (CLOSE) in 1400 then Erik gain 100 pips / points (the smallest unit in forex)
   If Novie BUY (CLOSE) at 1.650 then Erik loss 150 pips

Note, if you look in the application:

• * Price is used to OPEN BUY / LONG is the purchase price (ASK) and the prices used when you close / liquid is selling price (BID).
• * Price is used to OPEN SELL / SHORT is selling price (BID) and the prices used when you close / liquid is the purchase price (ASK).