Askap Forex Trading

Tentang Reliance Worldwide. Tujuan kami adalah untuk memberikan kepercayaan trading dan kami berusaha untuk menawarkan kondisi trading terbaik, likuiditas tertinggi, spread terendah, teknologi terkini dan penelitian yang paling akurat. Kami berusaha menjadi bank Forex Trading and CFD terbaik. Dan kita akan mencapainya karena, saya yakin, kita memiliki orang yang terbaik. Baca lebih lanjut. Hubungi info. Alamat Pusat Bisnis Attwood, Lantai 2, Kamar 39-41 E1 Russian Blvd, Sangkat Toekthla Khan Sensok Telepon 855 23 882 592. Tetaplah terhubung. Carilah komunitas sosial kita. Keteladanan Global Internasional Ltd. Askap Gold Investment adalah pemimpin Layanan perdagangan valuta asing online, menawarkan perdagangan forex dan indeks margin kepada individu dan klien institusi di seluruh dunia Kami menyediakan makanan likuiditas multi bank utama, kecepatan eksekusi yang cepat dan pilihan leverage yang fleksibel, menandai pemimpin industri yang unik. 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Fast Execution.24 5 Support Desk. Dedicated Account Manager. Price Improvement Technology. The forex pasar valuta asing atau FX untuk jangka pendek adalah salah satu pasar yang paling menarik dan cepat di sekitar Sampai saat ini, Perdagangan forex di pasar mata uang telah menjadi domain institusi keuangan besar, perusahaan, bank sentral, hedge fund dan individu yang sangat kaya Munculnya internet telah mengubah semua ini, dan sekarang mungkin bagi investor rata-rata untuk membeli dan menjual mata uang. Mudah dengan klik mouse melalui akun broker online. Daily curre Fluktuasi natal biasanya sangat kecil Sebagian besar pasangan mata uang bergerak kurang dari satu sen per hari, mewakili kurang dari 1 perubahan nilai mata uang. Hal ini membuat mata uang asing menjadi salah satu pasar keuangan yang paling tidak stabil. Oleh karena itu, banyak spekulan mata uang bergantung pada ketersediaan Leverage yang sangat besar untuk meningkatkan nilai pergerakan potensial Di pasar forex ritel, leverage bisa menjadi sebanyak 250 1 Penguat yang lebih tinggi bisa sangat berisiko, tapi karena perdagangan dan likuiditas dalam waktu 24 jam, broker valuta asing telah mampu Untuk membuat leverage yang tinggi menjadi standar industri untuk membuat pergerakan tersebut bermakna bagi pedagang mata uang. Likuiditas yang ekstrim dan ketersediaan leverage yang tinggi telah membantu memacu pertumbuhan pasar yang pesat dan menjadikannya tempat yang ideal untuk banyak pedagang. Posisi dapat dibuka dan ditutup. Dalam beberapa menit atau dapat diadakan selama berbulan-bulan Harga mata uang didasarkan pada pertimbangan penawaran dan permintaan yang obyektif dan tidak dapat dimanipulasi dengan mudah Karena ukuran pasar tidak memungkinkan bahkan pemain terbesar, seperti bank sentral, untuk memindahkan harga sesuka hati. Pasar forex memberikan banyak kesempatan bagi investor. Namun, agar sukses, trader mata uang harus mengerti dasar-dasarnya. Di balik pergerakan mata uang. Tujuan dari tutorial forex ini adalah untuk memberikan fondasi bagi investor atau trader yang baru mengenal pasar valuta asing. Kita akan membahas dasar-dasar nilai tukar, sejarah pasar dan konsep utama yang perlu Anda pahami secara berurutan. Untuk dapat berpartisipasi dalam pasar ini Kami juga akan terjun ke bagaimana memulai perdagangan mata uang asing dan berbagai jenis strategi yang dapat digunakan. Pasar valuta asing adalah tempat mata uang diperdagangkan. Mata uang penting bagi kebanyakan orang di seluruh dunia. , Apakah mereka menyadarinya atau tidak, karena mata uang perlu ditukar agar bisa melakukan perdagangan luar negeri dan bisnis Jika Anda tinggal di AS dan ingin membeli keju dari Prancis, baik Anda atau perusahaan yang Anda beli dari keju harus membayar Prancis untuk keju di euro EUR Ini berarti bahwa importir AS harus menukarkan nilai ekuivalen dolar AS USD ke euro Hal yang sama berlaku untuk perjalanan Orang Prancis Turis di Mesir tidak bisa membayar euro untuk melihat piramida karena bukan mata uang lokal yang diterima. Dengan demikian, turis harus menukarkan euro dengan mata uang lokal, dalam hal ini pound Mesir, dengan kurs saat ini. Kebutuhan Untuk bertukar mata uang adalah alasan utama mengapa pasar forex adalah pasar keuangan terbesar dan paling likuid di dunia. Ini mengecilkan ukuran pasar lain, bahkan pasar saham, dengan nilai perdagangan rata-rata sekitar US $ 2.000 miliar per hari. Volume total berubah Sepanjang waktu, tapi per Agustus 2012, Bank for International Settlements BIS melaporkan bahwa pasar valas diperdagangkan melebihi US $ 9 triliun per hari. Salah satu aspek unik dari pasar internasional ini adalah tidak ada sentra Al pasar untuk valuta asing Sebaliknya, perdagangan mata uang dilakukan secara elektronik over-the-counter OTC, yang berarti bahwa semua transaksi terjadi melalui jaringan komputer antara pedagang di seluruh dunia, bukan pada satu pertukaran terpusat. Pasar buka 24 jam sehari, lima Dan setengah hari dalam seminggu, dan mata uang diperdagangkan di seluruh dunia di pusat keuangan utama di London, New York, Tokyo, Zurich, Frankfurt, Hong Kong, Singapura, Paris dan Sydney - di hampir setiap zona waktu Ini berarti bahwa ketika hari perdagangan Di AS berakhir, pasar forex mulai lagi di Tokyo dan Hong Kong. Dengan demikian, pasar forex bisa sangat aktif setiap saat sepanjang hari, dengan harga penawaran terus berubah. Pasar Pasar dan Pasar Ke Depan dan Futures. Sebenarnya ada tiga Cara yang institusi, perusahaan dan individu perdagangan forex pasar spot, pasar ke depan dan pasar berjangka Forex trading di pasar spot selalu menjadi pasar terbesar karena itu adalah Mendasari aset riil bahwa pasar berjangka dan berjangka berbasis di masa lalu, pasar berjangka adalah tempat paling populer bagi pedagang karena tersedia bagi investor individual untuk jangka waktu yang lebih lama Namun, dengan munculnya perdagangan elektronik, titik Pasar telah menyaksikan lonjakan aktivitas yang besar dan sekarang melampaui pasar berjangka sebagai pasar perdagangan pilihan bagi investor individual dan spekulan Ketika orang mengacu pada pasar forex, mereka biasanya mengacu pada pasar spot. Pasar forward dan futures cenderung lebih populer. Dengan perusahaan yang perlu untuk lindung nilai risiko valuta asing mereka keluar ke tanggal tertentu di masa depan. Apa pasar spot Lebih khusus lagi, pasar spot adalah tempat mata uang dibeli dan dijual sesuai dengan harga saat ini Harga itu ditentukan oleh penawaran dan permintaan , Merupakan cerminan dari banyak hal, termasuk suku bunga saat ini, kinerja ekonomi, sentimen terhadap situasi politik yang sedang berlangsung baik secara lokal Dan internasional, serta persepsi kinerja masa depan satu mata uang terhadap mata uang lain Ketika kesepakatan selesai, ini dikenal sebagai kesepakatan spot Merupakan transaksi bilateral dimana satu pihak menyerahkan jumlah uang yang disepakati kepada pihak lawan Dan menerima sejumlah tertentu mata uang lain dengan nilai nilai tukar yang disepakati Setelah posisi ditutup, penyelesaian bersifat tunai Meskipun pasar spot dikenal sebagai transaksi yang berhubungan dengan transaksi sekarang dan bukan masa depan, perdagangan ini Sebenarnya butuh dua hari untuk penyelesaian. Apa pasar ke depan dan futures Tidak seperti pasar spot, pasar forward dan futures tidak memperdagangkan mata uang sebenarnya. Sebaliknya, mereka menangani kontrak yang mewakili klaim jenis mata uang tertentu, harga spesifik per unit dan Tanggal dimulainya masa depan. Di pasar ke depan, kontrak dibeli dan dijual OTC antara dua pihak, yang menentukan persyaratan kesepakatan di antara mereka sendiri. E futures market, kontrak futures dibeli dan dijual berdasarkan ukuran standar dan tanggal penyelesaian di pasar komoditas publik, seperti Chicago Mercantile Exchange Di AS, National Futures Association mengatur kontrak berjangka futures memiliki rincian spesifik, termasuk jumlah Unit yang diperdagangkan, pengiriman dan tanggal penyelesaian, dan kenaikan harga minimum yang tidak dapat disesuaikan Pertukaran tersebut bertindak sebagai mitra dagang bagi pedagang, memberikan izin dan penyelesaian. Kedua jenis kontrak tersebut mengikat dan biasanya dilunasi untuk uang tunai untuk pertukaran yang dipermasalahkan pada Kadaluwarsa, walaupun kontrak juga dapat dibeli dan dijual sebelum habis Masa depan dan pasar berjangka dapat menawarkan perlindungan terhadap risiko saat memperdagangkan mata uang Biasanya, perusahaan internasional besar menggunakan pasar ini untuk melakukan lindung nilai terhadap fluktuasi nilai tukar di masa depan, namun spekulan ambil bagian dalam hal ini. Pasar juga Untuk pengantar futures yang lebih mendalam, lihat Futures Fundamental. Perhatikan bahwa Anda akan melihat persyaratan FX, forex, pasar valuta asing dan pasar mata uang. Istilah-istilah ini sama dan semua mengacu pada pasar forex. Salah satu sumber kebingungan terbesar bagi mereka yang baru mengenal pasar mata uang adalah standar untuk Mengutip mata uang Pada bagian ini, kita akan membahas kutipan mata uang dan bagaimana mereka bekerja dalam perdagangan pasangan mata uang. Membaca sebuah quote. Ketika sebuah mata uang dikutip, hal itu dilakukan sehubungan dengan mata uang lain, sehingga nilai satu tercermin melalui Nilai lain Oleh karena itu, jika Anda mencoba untuk menentukan nilai tukar antara dolar AS USD dan yen Jepang JPY, kutipan forex akan terlihat seperti this. Ini disebut sebagai pasangan mata uang Mata uang di sebelah kiri garis miring adalah Mata uang dasar, sedangkan mata uang di sebelah kanan disebut quote atau counter currency. Mata uang dasar dalam hal ini, dollar AS selalu sama dengan satu unit dalam kasus ini, US 1, dan mata uang yang dikutip dalam kasus ini, orang Jepang Yen adalah w Topi yang satu unit dasar setara dengan mata uang lainnya Kutipan itu berarti bahwa AS 1 119 50 yen Jepang Dengan kata lain, AS 1 dapat membeli 119 50 yen Jepang Kutipan forex mencakup singkatan mata uang untuk mata uang yang bersangkutan. Vs Kutipan Mata Uang Tidak Langsung. Ada dua cara untuk mengutip pasangan mata uang, baik secara langsung maupun tidak langsung. Mata uang langsung adalah pasangan mata uang dimana mata uang domestik adalah mata uang dasar sementara kutipan tidak langsung, adalah pasangan mata uang dimana mata uang domestiknya Mata uang yang dikutip Jadi jika Anda melihat dolar Kanada sebagai mata uang domestik dan dolar AS sebagai mata uang asing, kutipan langsung adalah CAD USD, sementara penawaran tidak langsung akan menjadi USD CAD. Kutipan langsung bervariasi dalam mata uang asing, dan Dikutip, atau mata uang domestik, tetap tetap pada satu unit Dalam kutipan tidak langsung, di sisi lain, mata uang domestik bervariasi dan mata uang asing ditetapkan pada satu unit. Misalnya, jika Kanada Adalah mata uang domestik, quote langsung adalah 0 85 CAD USD, yang berarti dengan C1, Anda dapat membeli AS 0 85 Kutipan tidak langsung untuk ini adalah invers 1 0 85, yaitu USD 18 USD dan berarti USD Saya akan membeli C1 18. Di pasar spot forex, sebagian besar mata uang diperdagangkan terhadap dolar AS, dan dolar AS sering menjadi mata uang dasar dalam pasangan mata uang. Dalam kasus ini, ini disebut kutipan langsung Ini akan berlaku untuk Di atas pasangan mata uang USD JPY, yang mengindikasikan bahwa AS 1 sama dengan 119.50 yen Jepang. Namun, tidak semua mata uang memiliki dolar AS sebagai basis mata uang Queen - mata uang yang secara historis memiliki hubungan dengan Inggris, seperti Pound Inggris, Dolar Australia dan Dolar Selandia Baru - semuanya dikutip sebagai mata uang dasar terhadap dolar AS Euro, yang relatif baru, dikutip dengan cara yang sama juga Dalam kasus ini, dolar AS adalah mata uang kontra, dan Nilai tukar disebut sebagai kutipan tidak langsung ini Adalah mengapa kutipan EUR USD diberikan sebagai 1 25, misalnya, karena itu berarti bahwa satu euro setara dengan 1 25 dolar AS. Sebagian besar nilai tukar mata uang dikutip dari empat digit setelah desimal, kecuali Yen Jepang JPY, yang dikutip ke dua tempat desimal. Mata Uang Asing. Ketika kutipan mata uang diberikan tanpa dolar AS sebagai salah satu komponennya, ini disebut mata uang silang Pasangan mata uang asing yang paling umum adalah EUR GBP, EUR CHF dan EUR JPY Pasangan mata uang ini memperluas kemungkinan trading di pasar forex, namun penting untuk dicatat bahwa mereka tidak memiliki banyak hal berikut misalnya, tidak aktif diperdagangkan sebagai pasangan yang mencakup dolar AS, yang juga Disebut dengan majors. Seperti kebanyakan perdagangan di pasar keuangan, saat Anda melakukan trading dengan pasangan mata uang ada tawaran harga beli dan harga yang diminta laku. Sekali lagi, ini terkait dengan mata uang dasar Ketika membeli pasangan mata uang akan bertahan lama, maka Ask price mengacu pada th E jumlah mata uang yang dikutip yang harus dibayar untuk membeli satu unit mata uang dasar, atau berapa pasar akan menjual satu unit mata uang dasar untuk kaitannya dengan mata uang yang dikutip. Harga penawaran digunakan saat menjual Pasangan mata uang akan bergerak pendek dan mencerminkan berapa banyak mata uang yang dikutip akan diperoleh saat menjual satu unit mata uang dasar, atau berapa pasar akan membayar mata uang yang dikutip sehubungan dengan mata uang dasar. Kutipan sebelum garis miring adalah tawaran Harga, dan dua digit setelah garis miring mewakili harga permintaan hanya dua digit terakhir dari harga penuh biasanya dikutip Perhatikan bahwa harga penawaran selalu lebih kecil daripada harga permintaan. Mari lihat contohnya. CAD CAD 1 2000 05 Penawaran 1 2000 Tanyakan 1 2005.Jika Anda ingin membeli pasangan mata uang ini, ini berarti Anda berniat membeli mata uang dasar dan oleh karena itu melihat harga permintaan untuk melihat berapa banyak dolar Kanada yang akan ditagih pasar untuk dolar AS. Tanya harga, kamu bisa beli E dolar AS dengan 1 dolar Kanada 2005.Namun, untuk menjual pasangan mata uang ini, atau menjual mata uang dasar dengan imbalan mata uang yang dikutip, Anda akan melihat harga penawaran. Ini memberi tahu Anda bahwa pasar akan membeli satu mata uang dasar AS. Anda akan menjual pasar mata uang dasar dengan harga setara dengan 1 2000 dolar Kanada, yang merupakan mata uang yang dikutip. Mata uang manapun yang dikutip pertama adalah mata uang dasar selalu transaksi yang sedang Anda beli. Anda dapat membeli atau menjual Mata uang dasar Bergantung pada mata uang apa yang ingin Anda gunakan untuk membeli atau menjual basis dengan, Anda mengacu pada nilai tukar mata uang pasangan yang sesuai untuk menentukan harga. Luas dan Pips. Perbedaan antara harga penawaran dan harga permintaan disebut sebagai Spread Jika kita melihat kutipan berikut EUR USD 1 2500 03, spreadnya akan menjadi 0 0003 atau 3 pips, juga dikenal sebagai points Meskipun pergerakan ini mungkin tampak tidak signifikan, bahkan perubahan titik terkecil pun bisa berujung pada ribuan o F dolar yang dibuat atau hilang karena leverage Sekali lagi, ini adalah salah satu alasan mengapa spekulan begitu tertarik ke pasar forex bahkan pergerakan harga terkecil pun bisa menghasilkan keuntungan yang sangat besar. Pip adalah jumlah terkecil yang bisa dilakukan pergerakan dalam mata uang apapun. Kutipan Dalam kasus dolar AS, euro, poundsterling Inggris atau Swiss franc, satu pip akan menjadi 0 0001 Dengan yen Jepang, satu pip akan menjadi 0 01, karena mata uang ini dikutip ke dua desimal Jadi, dalam kutipan forex Dari USD CHF, pipnya akan menjadi 0 0001 franc Swiss Sebagian besar perdagangan mata uang dalam kisaran 100 sampai 150 pips per hari. Luas dalam hal ini adalah 5 poin poin Perbedaan antara harga bid dan ask 1 2237 - 1 2232. Titik pip adalah Pergerakan terkecil harga yang membuat. Currency Pair di Forwards and Futures Markets. One perbedaan teknis utama antara pasar forex adalah cara mata uang dikutip Di pasar forward atau futures, devisa selalu dikutip terhadap dollar AS Ini Berarti harga sudah selesai Dalam hal berapa dolar AS diperlukan untuk membeli satu unit mata uang lainnya Ingatlah bahwa di pasar spot beberapa mata uang dikutip terhadap dolar AS, sementara untuk yang lain, dolar AS sedang dikutip terhadap mereka. Dengan demikian, masa depan yang akan datang Pasar dan harga pasar spot tidak akan selalu paralel satu sama lain. Misalnya, di pasar spot, poundsterling Inggris dikutip terhadap dolar AS sebagai GBP USD Ini adalah cara yang sama seperti dikutip di depan dan pasar berjangka. , Ketika pound Inggris menguat terhadap dolar AS di pasar spot, juga akan naik di pasar forward dan futures. Di sisi lain, ketika melihat nilai tukar untuk dolar AS dan yen Jepang, yang pertama dikutip Terhadap yang kedua Di pasar spot, kutipannya akan menjadi 115 misalnya, yang berarti bahwa satu dolar AS akan membeli 115 yen Jepang Di pasar berjangka, akan dikutip sebagai 1 115 atau 0087, yang berarti bahwa 1 yen Jepang akan membeli 0087 U S dolar Karena itu, kenaikan kurs spot USD JPY akan setara dengan penurunan tingkat suku bunga JPY karena dolar AS akan menguat terhadap yen Jepang dan oleh karena itu satu yen Jepang akan membeli lebih sedikit dolar AS. Sekarang Anda tahu Sedikit tentang bagaimana mata uang dikutip, mari beralih ke manfaat dan risiko yang terkait dengan forex trading. Pada bagian ini, kita akan melihat beberapa manfaat dan risiko yang terkait dengan pasar forex Kami juga akan membahas bagaimana perbedaannya. Dari pasar ekuitas untuk mendapatkan pemahaman yang lebih besar tentang bagaimana pasar forex bekerja. Baik dan Buruk Kita sudah mengatakan bahwa faktor-faktor seperti ukuran, volatilitas dan struktur global pasar valuta asing telah memberi kontribusi terhadap pertumbuhannya yang cepat. Keberhasilan Mengingat sifat likuiditas pasar ini, investor dapat melakukan perdagangan yang sangat besar tanpa mempengaruhi nilai tukar yang diberikan. Posisi besar ini tersedia bagi trader forex karena margin rendah r Syarat yang digunakan oleh mayoritas pialang industri Sebagai contoh, adalah mungkin bagi seorang pedagang untuk mengendalikan posisi 100.000 dolar AS dengan meletakkannya sesedikit 1.000 dolar AS di depan dan meminjam sisanya dari broker forexnya Jumlah leverage ini Bertindak sebagai pedang bermata dua karena investor dapat menyadari keuntungan besar ketika suku bunga membuat perubahan kecil yang menguntungkan, namun mereka juga menghadapi risiko kerugian besar ketika suku bunga bergerak melawan mereka Meskipun ada risiko nilai tukar valuta asing, jumlah leverage yang tersedia di Pasar forex inilah yang membuatnya menarik bagi banyak spekulan. Pasar mata uang juga merupakan satu-satunya pasar yang benar-benar buka 24 jam sehari dengan likuiditas yang layak sepanjang hari. Bagi trader yang mungkin memiliki pekerjaan sehari-hari atau hanya jadwal yang sibuk, ini adalah Pasar yang optimal untuk diperdagangkan Seperti yang dapat Anda lihat dari grafik di bawah ini, hub perdagangan utama tersebar di berbagai zona waktu yang berbeda, sehingga perlu menunggu bel pembukaan atau penutupan Seiring penutupan perdagangan AS Pasar lain di Timur dibuka, sehingga memungkinkan untuk diperdagangkan setiap saat sepanjang hari. Sementara pasar valas mungkin menawarkan lebih banyak kegembiraan kepada investor, risikonya juga lebih tinggi dibandingkan dengan ekuitas perdagangan Leverage ultra tinggi dari Pasar forex berarti bahwa keuntungan besar dapat dengan cepat berubah menjadi kerugian yang merusak dan dapat menghapus sebagian besar akun Anda dalam hitungan menit Hal ini penting bagi semua trader baru untuk mengerti, karena di pasar forex - karena sejumlah besar uang Terlibat dan jumlah pemain - pedagang akan bereaksi cepat terhadap informasi yang dilepaskan ke pasar, yang menyebabkan pergerakan tajam pada harga pasangan mata uang. Meskipun mata uang tidak cenderung bergerak setajam ekuitas secara persentase dimana saham perusahaan Bisa kehilangan sebagian besar nilainya dalam hitungan menit setelah pengumuman yang buruk, itu adalah pengaruh di pasar spot yang menciptakan volatilitas Misalnya, jika Anda menggunakan 100 1 leverage pada 1.000 investasi, Anda Kontrol 100.000 di modal Jika Anda memasukkan 100.000 ke dalam mata uang dan harga mata uang bergerak 1 terhadap Anda, nilai modal akan turun menjadi 99.000 - kehilangan 1.000, atau semua modal yang Anda investasikan, yang mewakili 100 kerugian Di Pasar ekuitas, kebanyakan pedagang tidak menggunakan leverage, oleh karena itu ada 1 kerugian dalam nilai saham pada investasi 1.000, hanya akan berarti kerugian dari 10 Oleh karena itu, penting untuk memperhitungkan risiko yang terlibat di pasar forex sebelum menyelam di . Perbedaan antara Forex dan Ekuitas. Perbedaan utama antara pasar forex dan ekuitas adalah jumlah instrumen yang diperdagangkan di pasar forex sangat sedikit dibandingkan dengan ribuan yang ditemukan di pasar ekuitas. Sebagian besar pedagang forex memusatkan upaya mereka pada tujuh pasangan mata uang yang berbeda. Keempat majunya, yaitu EUR USD, USD JPY, GBP USD, USD CHF dan tiga komoditi pair USD CAD, AUD USD, NZD USD Semua pasangan lain hanya kombinasi yang berbeda dari mata uang yang sama, sebaliknya Dikenal sebagai mata uang silang Hal ini membuat perdagangan mata uang lebih mudah diikuti karena daripada harus memilih ceri antara 10.000 saham untuk menemukan nilai terbaik, semua yang perlu dilakukan pedagang valas adalah mengikuti berita ekonomi dan politik dari delapan negara. Ekuitas Pasar sering dapat menekan jeda, sehingga volume dan aktivitas menyusut Akibatnya, sulit untuk membuka dan menutup posisi bila diinginkan Selanjutnya, di pasar yang menurun, hanya dengan kecerdikan yang ekstrem, investor ekuitas dapat memperoleh keuntungan. Sulit untuk short sell di pasar ekuitas AS karena peraturan dan peraturan yang ketat mengenai prosesnya. Di sisi lain, forex menawarkan kesempatan untuk keuntungan baik di pasar yang sedang naik maupun turun karena dengan setiap perdagangan, Anda membeli dan menjual secara bersamaan, dan Karena short selling, melekat pada setiap transaksi. Selain itu, karena pasar forex sangat likuid, trader tidak diharuskan menunggu uptick sebelum mereka diizinkan masuk ke i. Tidak ada posisi pendek - karena mereka berada di pasar ekuitas. Karena likuiditas pasar valas yang ekstrem, margin rendah dan leverage tinggi. Tidak mungkin menemukan tingkat margin yang rendah di pasar ekuitas yang paling diminati pedagang. Pasar ekuitas membutuhkan paling sedikit 50 dari nilai investasi yang tersedia sebagai margin, sedangkan pedagang forex hanya membutuhkan 1. Selanjutnya, komisi di pasar ekuitas jauh lebih tinggi daripada di pasar forex Pialang tradisional meminta biaya komisi di atas spread , Ditambah biaya yang harus dibayar ke bursa spot forex broker hanya mengambil spread sebagai biaya mereka untuk bertransaksi. Sekarang anda harus memiliki pemahaman dasar tentang apa itu pasar forex dan cara kerjanya. Pada bagian selanjutnya, kita Akan memeriksa evolusi sistem devisa saat ini. Mengingat sifat global pasar valuta asing, penting untuk terlebih dahulu memeriksa dan mempelajari beberapa peristiwa sejarah penting yang berkaitan dengan mata uang dan c Pertukaran urrency sebelum memasuki perdagangan apapun Pada bagian ini kita akan meninjau sistem moneter internasional dan bagaimana hal itu telah berevolusi ke keadaan saat ini. Kita kemudian akan melihat pemain utama yang menempati pasar forex - sesuatu yang penting bagi semua trader forex potensial. Untuk memahami. Sejarah Sistem Standar Forex. Gold Penciptaan sistem moneter standar emas pada tahun 1875 menandai salah satu peristiwa terpenting dalam sejarah pasar forex Sebelum standar emas diterapkan, negara biasanya menggunakan emas dan perak. Sebagai alat pembayaran internasional Isu utama penggunaan emas dan perak untuk pembayaran adalah bahwa nilainya dipengaruhi oleh penawaran dan permintaan eksternal. Misalnya, penemuan tambang emas baru akan mendorong harga emas turun. Ide mendasar di balik standar emas adalah Bahwa pemerintah menjamin konversi mata uang menjadi sejumlah emas tertentu, dan sebaliknya Dengan kata lain, mata uang akan didukung oleh emas Obviou Licik, pemerintah membutuhkan cadangan emas yang cukup besar untuk memenuhi permintaan pertukaran mata uang Selama akhir abad kesembilan belas, semua negara ekonomi utama telah menetapkan jumlah mata uang untuk satu ons emas Seiring waktu, selisih harga sebuah saham Ons emas di antara dua mata uang menjadi nilai tukar untuk kedua mata uang Ini merupakan sarana pertukaran mata uang standar yang pertama dalam sejarah. Standar emas akhirnya runtuh pada awal Perang Dunia I Karena ketegangan politik dengan Jerman, Eropa utama Kekuatan merasa perlu untuk menyelesaikan proyek militer besar Beban keuangan proyek-proyek ini begitu besar sehingga pada saat itu tidak cukup emas untuk menukar semua kelebihan uang yang dicetak pemerintah. Meskipun standar emas akan membuat comeback kecil. Selama tahun-tahun antar-perang, kebanyakan negara telah menjatuhkannya lagi pada awal Perang Dunia II. Namun, emas tidak pernah berhenti menjadi Bentuk moneter yang lambang. Bretton Woods System. Before akhir Perang Dunia II, negara-negara Sekutu percaya bahwa akan ada kebutuhan untuk membentuk sistem moneter untuk mengisi kekosongan yang tertinggal ketika sistem standar emas abandoned In July 1944, more than 700 representatives from the Allies convened at Bretton Woods, New Hampshire, to deliberate over what would be called the Bretton Woods system of international monetary management. To simplify, Bretton Woods led to the formation of the following. A method of fixed exchange rates. The US dollar replacing the gold standard to become a primary reserve currency. The creation of three international agencies to oversee economic activity the International Monetary Fund IMF , International Bank for Reconstruction and Development, and the General Agreement on Tariffs and Trade GATT. One of the main features of Bretton Woods is that the US dollar replaced gold as the main standard of convertibility for the world s currenc ies and furthermore, the U S dollar became the only currency that would be backed by gold This turned out to be the primary reason that Bretton Woods eventually failed. Over the next 25 or so years, the U S had to run a series of balance of payment deficits in order to be the world s reserved currency By the early 1970s, U S gold reserves were so depleted that the U S treasury did not have enough gold to cover all the U S dollars that foreign central banks had in reserve. Finally, on August 15, 1971, U S President Richard Nixon closed the gold window, and the U S announced to the world that it would no longer exchange gold for the U S dollars that were held in foreign reserves This event marked the end of Bretton Woods. Even though Bretton Woods didn t last, it left an important legacy that still has a significant effect on today s international economic climate This legacy exists in the form of the three international agencies created in the 1940s the IMF, the International Bank for Reco nstruction and Development now part of the World Bank and GATT, the precursor to the World Trade Organization. Current Exchange Rates. After the Bretton Woods system broke down, the world finally accepted the use of floating foreign exchange rates during the Jamaica agreement of 1976 This meant that the use of the gold standard would be permanently abolished However, this is not to say that governments adopted a pure free-floating exchange rate system Most governments employ one of the following three exchange rate systems that are still used today. Pegged rate. Managed floating rate. Dollarization This event occurs when a country decides not to issue its own currency and adopts a foreign currency as its national currency Although dollarization usually enables a country to be seen as a more stable place for investment, the drawback is that the country s central bank can no longer print money or make any sort of monetary policy An example of dollarization is El Salvador s use of the U S doll ar. Pegged Rates Pegging occurs when one country directly fixes its exchange rate to a foreign currency so that the country will have somewhat more stability than a normal float More specifically, pegging allows a country s currency to be exchanged at a fixed rate with a single or a specific basket of foreign currencies The currency will only fluctuate when the pegged currencies change. For example, China pegged its yuan to the U S dollar at a rate of 8 28 yuan to US 1, between 1997 and July 21, 2005 The downside to pegging would be that a currency s value is at the mercy of the pegged currency s economic situation For example, if the U S dollar appreciates substantially against all other currencies, the yuan would also appreciate, which may not be what the Chinese central bank wants. Managed Floating Rates This type of system is created when a currency s exchange rate is allowed to freely change in value subject to the market forces of supply and demand However, the government or central bank may intervene to stabilize extreme fluctuations in exchange rates For example, if a country s currency is depreciating far beyond an acceptable level, the government can raise short-term interest rates Raising rates should cause the currency to appreciate slightly but understand that this is a very simplified example Central banks typically employ a number of tools to manage currency. Market Participants. Unlike the equity market - where investors often only trade with institutional investors such as mutual funds or other individual investors - there are additional participants that trade on the forex market for entirely different reasons than those on the equity market Therefore, it is important to identify and understand the functions and motivations of the main players of the forex market. Governments and Central Banks Arguably, some of the most influential participants involved with currency exchange are the central banks and federal governments In most countries, the central ba nk is an extension of the government and conducts its policy in tandem with the government However, some governments feel that a more independent central bank would be more effective in balancing the goals of curbing inflation and keeping interest rates low, which tends to increase economic growth Regardless of the degree of independence that a central bank possesses, government representatives typically have regular consultations with central bank representatives to discuss monetary policy Thus, central banks and governments are usually on the same page when it comes to monetary policy. Central banks are often involved in manipulating reserve volumes in order to meet certain economic goals For example, ever since pegging its currency the yuan to the U S dollar, China has been buying up millions of dollars worth of U S treasury bills in order to keep the yuan at its target exchange rate Central banks use the foreign exchange market to adjust their reserve volumes With extremely deep poc kets, they yield significant influence on the currency markets. Banks and Other Financial Institutions In addition to central banks and governments, some of the largest participants involved with forex transactions are banks Most individuals who need foreign currency for small-scale transactions deal with neighborhood banks However, individual transactions pale in comparison to the volumes that are traded in the interbank market. The interbank market is the market through which large banks transact with each other and determine the currency price that individual traders see on their trading platforms These banks transact with each other on electronic brokering systems that are based upon credit Only banks that have credit relationships with each other can engage in transactions The larger the bank, the more credit relationships it has and the better the pricing it can access for its customers The smaller the bank, the less credit relationships it has and the lower the priority it has on the pricing scale. Banks, in general, act as dealers in the sense that they are willing to buy sell a currency at the bid ask price One way that banks make money on the forex market is by exchanging currency at a premium to the price they paid to obtain it Since the forex market is a decentralized market, it is common to see different banks with slightly different exchange rates for the same currency. Hedgers Some of the biggest clients of these banks are businesses that deal with international transactions Whether a business is selling to an international client or buying from an international supplier, it will need to deal with the volatility of fluctuating currencies. If there is one thing that management and shareholders detest, it is uncertainty Having to deal with foreign-exchange risk is a big problem for many multinationals For example, suppose that a German company orders some equipment from a Japanese manufacturer to be paid in yen one year from now Since the exchange rate can f luctuate wildly over an entire year, the German company has no way of knowing whether it will end up paying more euros at the time of delivery. One choice that a business can make to reduce the uncertainty of foreign-exchange risk is to go into the spot market and make an immediate transaction for the foreign currency that they need. Unfortunately, businesses may not have enough cash on hand to make spot transactions or may not want to hold massive amounts of foreign currency for long periods of time Therefore, businesses quite frequently employ hedging strategies in order to lock in a specific exchange rate for the future or to remove all sources of exchange-rate risk for that transaction. For example, if a European company wants to import steel from the U S it would have to pay in U S dollars If the price of the euro falls against the dollar before payment is made, the European company will realize a financial loss As such, it could enter into a contract that locked in the current excha nge rate to eliminate the risk of dealing in U S dollars These contracts could be either forwards or futures contracts. Speculators Another class of market participants involved with foreign exchange-related transactions is speculators Rather than hedging against movement in exchange rates or exchanging currency to fund international transactions, speculators attempt to make money by taking advantage of fluctuating exchange-rate levels. The most famous of all currency speculators is probably George Soros The billionaire hedge fund manager is most famous for speculating on the decline of the British pound, a move that earned 1 1 billion in less than a month On the other hand, Nick Leeson, a derivatives trader with England s Barings Bank, took speculative positions on futures contracts in yen that resulted in losses amounting to more than 1 4 billion, which led to the collapse of the company. Some of the largest and most controversial speculators on the forex market are hedge funds, which a re essentially unregulated funds that employ unconventional investment strategies in order to reap large returns Think of them as mutual funds on steroids Hedge funds are the favorite whipping boys of many a central banker Given that they can place such massive bets, they can have a major effect on a country s currency and economy Some critics blamed hedge funds for the Asian currency crisis of the late 1990s, but others have pointed out that the real problem was the ineptness of Asian central bankers. Now that you have a basic understanding of the forex market, its participants and its history, we can move on to some of the more advanced concepts that will bring you closer to being able to trade within this massive market The next section will look at the main economic theories that underlie the forex market. There is a great deal of academic theory revolving around currencies While often not applicable directly to day-to-day trading, it is helpful to understand the overarching ideas be hind the academic research. The main economic theories found in the foreign exchange deal with parity conditions A parity condition is an economic explanation of the price at which two currencies should be exchanged, based on factors such as inflation and interest rates The economic theories suggest that when the parity condition does not hold, an arbitrage opportunity exists for market participants However, arbitrage opportunities, as in many other markets, are quickly discovered and eliminated before even giving the individual investor an opportunity to capitalize on them Other theories are based on economic factors such as trade, capital flows and the way a country runs its operations We review each of them briefly below. Major Theories Purchasing Power Parity. Purchasing Power Parity PPP is the economic theory that price levels between two countries should be equivalent to one another after exchange-rate adjustment The basis of this theory is the law of one price, where the cost of an identical good should be the same around the world Based on the theory, if there is a large difference in price between two countries for the same product after exchange rate adjustment, an arbitrage opportunity is created, because the product can be obtained from the country that sells it for the lowest price. The relative version of PPP is as follows. Where e represents the rate of change in the exchange rate and 1 and 2 represent the rates of inflation for country 1 and country 2, respectively. Balance of Payments Theory. A country s balance of payments is comprised of two segments - the current account and the capital account - which measure the inflows and outflows of goods and capital for a country The balance of payments theory looks at the current account, which is the account dealing with trade of tangible goods, to get an idea of exchange-rate directions. If a country is running a large current account surplus or deficit, it is a sign that a country s exchange rate is out of equi librium To bring the current account back into equilibrium, the exchange rate will need to adjust over time If a country is running a large deficit more imports than exports , the domestic currency will depreciate On the other hand, a surplus would lead to currency appreciation. The balance of payments identity is found by. Where BCA represents the current account balance BKA represents the capital account balance and BRA represents the reserves account balance. Real Interest Rate Differentiation Model. The Real Interest Rate Differential Model simply suggests that countries with higher real interest rates will see their currencies appreciate against countries with lower interest rates The reason for this is that investors around the world will move their money to countries with higher real rates to earn higher returns, which bids up the price of the higher real rate currency. Asset Market Model. The Asset Market Model looks at the inflow of money into a country by foreign investors for the purpose of purchasing assets such as stocks, bonds and other financial instruments If a country is seeing large inflows by foreign investors, the price of its currency is expected to increase, as the domestic currency needs to be purchased by these foreign investors This theory considers the capital account of the balance of trade compared to the current account in the prior theory This model has gained more acceptance as the capital accounts of countries are starting to greatly outpace the current account as international money flow increases. Monetary Model. The Monetary Model focuses on a country s monetary policy to help determine the exchange rate A country s monetary policy deals with the money supply of that country, which is determined by both the interest rate set by central banks and the amount of money printed by the treasury Countries that adopt a monetary policy that rapidly grows its monetary supply will see inflationary pressure due to the increased amount of money in circ ulation This leads to a devaluation of the currency. These economic theories, which are based on assumptions and perfect situations, help to illustrate the basic fundamentals of currencies and how they are impacted by economic factors However, the fact that there are so many conflicting theories indicates the difficulty in any one of them being 100 accurate in predicting currency fluctuations Their importance will likely vary by the different market environment, but it is still important to know the fundamental basis behind each of the theories. Economic Data. Economic theories may move currencies in the long term, but on a shorter-term, day-to-day or week-to-week basis, economic data has a more significant impact It is often said the biggest companies in the world are actually countries and that their currency is essentially shares in that country Economic data, such as the latest gross domestic product GDP numbers, are often considered to be like a company s latest earnings data In the same way that financial news and current events can affect a company s stock price, news and information about a country can have a major impact on the direction of that country s currency Changes in interest rates, inflation, unemployment, consumer confidence, GDP, political stability etc can all lead to extremely large gains losses depending on the nature of the announcement and the current state of the country. The number of economic announcements made each day from around the world can be intimidating, but as one spends more time learning about the forex market it becomes clear which announcements have the greatest influence Listed below are a number of economic indicators that are generally considered to have the greatest influence - regardless of which country the announcement comes from. Employment Data Most countries release data about the number of people that currently are employed within that economy In the U S this data is known as non-farm payrolls and is released the first Friday of the month by the Bureau of Labor Statistics In most cases, strong increases in employment signal that a country enjoys a prosperous economy, while decreases are a sign of potential contraction If a country has gone recently through economic troubles, strong employment data could send the currency higher because it is a sign of economic health and recovery On the other hand, high employment can also lead to inflation, so this data could send the currency downward In other words, economic data and the movement of currency will often depend on the circumstances that exist when the data is released. Interest Rates As was seen with some of the economic theories, interest rates are a major focus in the forex market The most focus by market participants, in terms of interest rates, is placed on the country s central bank changes of its bank rate, which is used to adjust monetary supply and institute the country s monetary policy In the U S the Federal Open Market Committee FOMC deter mines the bank rate, or the rate at which commercial banks can borrow and lend to the U S Treasury The FOMC meets eight times a year to make decisions on whether to raise, lower or leave the bank rate the same and each meeting, along with the minutes, is a point of focus. Inflation Inflation data measures the increases and decreases of price levels over a period of time Due to the sheer amount of goods and services within an economy, a basket of goods and services is used to measure changes in prices Price increases are a sign of inflation, which suggests that the country will see its currency depreciate In the U S inflation data is shown in the Consumer Price Index, which is released on a monthly basis by the Bureau of Labor Statistics. Gross Domestic Product The gross domestic product of a country is a measure of all of the finished goods and services that a country generated during a given period The GDP calculation is split into four categories private consumption, government spendin g, business spending and total net exports GDP is considered the best overall measure of the health of a country s economy, with GDP increases signaling economic growth The healthier a country s economy is, the more attractive it is to foreign investors, which in turn can often lead to increases in the value of its currency, as money moves into the country In the U S this data is released by the Bureau of Economic Analysis once a month in the third or fourth quarter of the month. Retail Sales Retail sales data measures the amount of sales that retailers make during the period, reflecting consumer spending The measure itself doesn t look at all stores, but, similar to GDP, uses a group of stores of varying types to get an idea of consumer spending This measure also gives market participants an idea of the strength of the economy, where increased spending signals a strong economy In the U S the Department of Commerce releases data on retail sales around the middle of the month. Durable Goo ds The data for durable goods those with a lifespan of more than three years measures the amount of manufactured goods that are ordered, shipped and unfilled for the time period These goods include such things as cars and appliances, giving economists an idea of the amount of individual spending on these longer-term goods, along with an idea of the health of the factory sector This measure again gives market participants insight into the health of the economy, with data being released around the 26th of the month by the Department of Commerce. Trade and Capital Flows Interactions between countries create huge monetary flows that can have a substantial impact on the value of currencies As was mentioned before, a country that imports far more than it exports could see its currency decline due to its need to sell its own currency to purchase the currency of the exporting nation Furthermore, increased investments in a country can lead to substantial increases in the value of its currency. Tr ade flow data looks at the difference between a country s imports and exports, with a trade deficit occurring when imports are greater than exports In the U S the Commerce Department releases balance of trade data on a monthly basis, which shows the amount of goods and services that the U S exported and imported during the past month Capital flow data looks at the difference in the amount of currency being brought in through investment and or exports to currency being sold for foreign investments and or imports A country that is seeing a lot of foreign investment, where outsiders are purchasing domestic assets such as stocks or real estate, will generally have a capital flow surplus. Balance of payments data is the combined total of a country s trade and capital flow over a period of time The balance of payments is split into three categories the current account, the capital account and the financial account The current account looks at the flow of goods and services between countries T he capital account looks at the exchange of money between countries for the purpose of purchasing capital assets The financial account looks at the monetary flow between countries for investment purposes. Macroeconomic and Geopolitical Events The biggest changes in the forex often come from macroeconomic and geopolitical events such as wars, elections, monetary policy changes and financial crises These events have the ability to change or reshape the country, including its fundamentals For example, wars can put a huge economic strain on a country and greatly increase the volatility in a region, which could impact the value of its currency It is important to keep up to date on these macroeconomic and geopolitical events. There is so much data that is released in the forex market that it can be very difficult for the average individual to know which data to follow Despite this, it is important to know what news releases will affect the currencies you trade. Now that you know a little more a bout what drives the market, we will look next at the two main trading strategies used by traders in the forex market fundamental and technical analysis. In the equities market, fundamental analysis looks to measure a company s true value and to base investments upon this type of calculation To some extent, the same is done in the retail forex market, where forex fundamental traders evaluate currencies, and their countries, like companies and use economic announcements to gain an idea of the currency s true value. All of the news reports, economic data and political events that come out about a country are similar to news that comes out about a stock in that it is used by investors to gain an idea of value This value changes over time due to many factors, including economic growth and financial strength Fundamental traders look at all of this information to evaluate a country s currency. Given that there are practically unlimited forex fundamentals trading strategies based on fundamental data, one could write a book on this subject To give you a better idea of a tangible trading opportunity, let s go over one of the most well-known situations, the forex carry trade. A Breakdown of the Forex Carry Trade. The currency carry trade is a strategy in which a trader sells a currency that is offering lower interest rates and purchases a currency that offers a higher interest rate In other words, you borrow at a low rate, and then lend at a higher rate The trader using the strategy captures the difference between the two rates When highly leveraging the trade, even a small difference between two rates can make the trade highly profitable Along with capturing the rate difference, investors also will often see the value of the higher currency rise as money flows into the higher-yielding currency, which bids up its value. Real-life examples of a yen carry trade can be found starting in 1999, when Japan decreased its interest rates to almost zero Investors would capitalize upon these lower interest rates and borrow a large sum of Japanese yen The borrowed yen is then converted into U S dollars, which are used to buy U S Treasury bonds with yields and coupons at around 4 5-5 Since the Japanese interest rate was essentially zero, the investor would be paying next to nothing to borrow the Japanese yen and earn almost all the yield on his or her U S Treasury bonds But with leverage, you can greatly increase the return. For example, 10 times leverage would create a return of 30 on a 3 yield If you have 1,000 in your account and have access to 10 times leverage, you will control 10,000 If you implement the currency carry trade from the example above, you will earn 3 per year At the end of the year, your 10,000 investment would equal 10,300, or a 300 gain Because you only invested 1,000 of your own money, your real return would be 30 300 1,000 However this strategy only works if the currency pair s value remains unchanged or appreciates Therefore, most forex carry traders look not only to earn the interest rate differential, but also capital appreciation While we ve greatly simplified this transaction, the key thing to remember here is that a small difference in interest rates can result in huge gains when leverage is applied Most currency brokers require a minimum margin to earn interest for carry trades. However, this transaction is complicated by changes to the exchange rate between the two countries If the lower-yielding currency appreciates against the higher-yielding currency, the gain earned between the two yields could be eliminated The major reason that this can happen is that the risks of the higher-yielding currency are too much for investors, so they choose to invest in the lower-yielding, safer currency Because carry trades are longer term in nature, they are susceptible to a variety of changes over time, such as rising rates in the lower-yielding currency, which attracts more investors and can lead to currency appreciation, diminishing the returns of the carry trade This makes the future direction of the currency pair just as important as the interest rate differential itself. To clarify this further, imagine that the interest rate in the U S was 5 , while the same interest rate in Russia was 10 , providing a carry trade opportunity for traders to short the U S dollar and to long the Russian ruble Assume the trader borrows 1,000 US at 5 for a year and converts it into Russian rubles at a rate of 25 USD RUB 25,000 rubles , investing the proceeds for a year Assuming no currency changes, the 25,000 rubles grows to 27,500 and, if converted back to U S dollars, will be worth 1,100 US But because the trader borrowed 1,000 US at 5 , he or she owes 1,050 US, making the net proceeds of the trade only 50.However, imagine that there was another crisis in Russia, such as the one that was seen in 1998 when the Russian government defaulted on its debt and there was large currency devaluation in Russia as market participants sold off t heir Russian currency positions If, at the end of the year the exchange rate was 50 USD RUB, your 27,500 rubles would now convert into only 550 US 27,500 RUB x 0 02 RUB USD Because the trader owes 1,050 US, he or she will have lost a significant percentage of the original investment on this carry trade because of the currency s fluctuation - even though the interest rates in Russia were higher than the U S. Another good example of forex fundamental analysis is based on commodity prices. You should now have an idea of some of the basic economic and fundamental ideas that underlie the forex and impact the movement of currencies The most important thing that should be taken away from this section is that currencies and countries, like companies, are constantly changing in value based on fundamental factors such as economic growth and interest rates You should also, based on the economic theories mentioned above, have an idea how certain economic factors impact a country s currency We will n ow move on to technical analysis, the other school of analysis that can be used to pick trades in the forex market. One of the underlying tenets of technical analysis is that historical price action predicts future price action Since the forex is a 24-hour market, there tends to be a large amount of data that can be used to gauge future price activity, thereby increasing the statistical significance of the forecast This makes it the perfect market for traders that use technical tools, such as trends, charts and indicators. It is important to note that, in general, the interpretation of technical analysis remains the same regardless of the asset being monitored There are literally hundreds of books dedicated to this field of study, but in this tutorial we will only touch on the basics of why technical analysis is such a popular tool in the forex market. As the specific techniques of technical analysis are discussed in other tutorials, we will focus on the more forex-specific aspects of tec hnical analysis. Technical Analysis Discounts Everything - Especially in Forex. Minimal Rate Inconsistency There are many large players in the forex market, such as hedge funds and large banks, that all have advanced computer systems to constantly monitor any inconsistencies between the different currency pairs Given these programs, it is rare to see any major inconsistency last longer than a matter of seconds Many traders turn to forex technical analysis because it presumes that all the factors that influence a price - economic, political, social and psychological - have already been factored into the current exchange rate by the market With so many investors and so much money exchanging hands each day, the trend and flow of capital is what becomes important, rather than attempting to identify a mispriced rate. Trend or Range One of the greatest goals of technical traders in the FX market is to determine whether a given pair will trend in a certain direction, or if it will travel sideway s and remain range-bound The most common method to determine these characteristics is to draw trend lines that connect historical levels that have prevented a rate from heading higher or lower These levels of support and resistance are used by technical traders to determine whether or not the given trend, or lack of trend, will continue. Generally, the major currency pairs - such as the EUR USD, USD JPY, USD CHF and GBP USD - have shown the greatest characteristics of trend, while the currency pairs that have historically shown a higher probability of becoming range-bound have been the currency crosses pairs not involving the U S dollar The two charts below show the strong trending nature of USD JPY in contrast to the range-bound nature of EUR CHF It is important for every trader to be aware of the characteristics of trend and range, because they will not only affect what pairs are traded, but also what type of strategy should be usedmon Indicators Technical traders use many different i ndicators in combination with support and resistance to aid them in predicting the future direction of exchange rates Again, learning how to interpret various forex technical indicators is a study unto itself and goes beyond the scope of this forex tutorial If you wish to learn more about this subject, we suggest you read our technical analysis tutorial. A few indicators that we feel we should mention, due to their popularity, are Bollinger Bands , Fibonacci retracement, moving averages, moving average convergence divergence MACD and stochastics These technical tools are rarely used by themselves to generate signals, but rather in conjunction with other indicators and chart patterns. So, you think you are ready to trade Make sure you read this section to learn how you can go about setting up a forex account so that you can start trading currencies We ll also mention other factors that you should be aware of before you take this step We will then discuss how to trade forex and the differe nt types of orders that can be placed. Opening A Forex Brokerage Account. Trading forex is similar to the equity market because individuals interested in trading need to open up a trading account Like the equity market, each forex account and the services it provides differ, so it is important that you find the right one Below we will talk about some of the factors that should be considered when selecting a forex account. Leverage Leverage is basically the ability to control large amounts of capital, using very little of your own capital the higher the leverage, the higher the level of risk The amount of leverage on an account differs depending on the account itself, but most use a factor of at least 50 1, with some being as high as 250 1 A leverage factor of 50 1 means that for every dollar you have in your account you control up to 50 For example, if a trader has 1,000 in his or her account, the broker will lend that person 50,000 to trade in the market This leverage also makes your mar gin, or the amount you have to have in the account to trade a certain amount, very low In equities, margin is usually at least 50 , while the leverage of 50 1 is equivalent to 2.Leverage is seen as a major benefit of forex trading, as it allows you to make large gains with a small investment However, leverage can also be an extreme negative if a trade moves against you because your losses also are amplified by the leverage With this kind of leverage, there is the real possibility that you can lose more than you invested - although most firms have protective stops preventing an account from going negative For this reason, it is vital that you remember this when opening an account and that when you determine your desired leverage you understand the risks involvedmissions and Fees Another major benefit of forex accounts is that trading within them is done on a commission-free basis This is unlike equity accounts, in which you pay the broker a fee for each trade The reason for this is that you are dealing directly with market makers and do not have to go through other parties like brokers. This may sound too good to be true, but rest assured that market makers are still making money each time you trade Remember the bid and ask from the previous section Each time a trade is made, it is the market makers that capture the spread between these two Therefore, if the bid ask for a foreign currency is 1 5200 50, the market maker captures the difference 50 basis points. If you are planning on opening a forex account, it is important to know that each firm has different spreads on foreign currency pairs traded through them While they will often differ by only a few pips 0 0001 , this can be meaningful if you trade a lot over time So when opening an account make sure to find out the pip spread that it has on foreign currency pairs you are looking to trade. Other Factors There are a lot of differences between each forex firm and the accounts they offer, so it is important to review e ach before making a commitment Each company will offer different levels of services and programs along with fees above and beyond actual trading costs Also, due to the less regulated nature of the forex market, it is important to go with a reputable company. How to Trade Forex. Now that you know some important factors to be aware of when opening a forex account, we will take a look at what exactly you can trade within that account The two main ways to trade in the foreign currency market is the simple buying and selling of currency pairs, where you go long one currency and short another The second way is through the purchasing of derivatives that track the movements of a specific currency pair Both of these techniques are highly similar to techniques in the equities most common way is to simply buy and sell currency pairs, much in the same way most individuals buy and sell stocks In this case, you are hoping the value of the pair itself changes in a favorable manner If you go long a curr ency pair, you are hoping that the value of the pair increases For example, let s say that you took a long position in the USD CAD pair - you will make money if the value of this pair goes up, and lose money if it falls This pair rises when the U S dollar increases in value against the Canadian dollar, so it is a bet on the U S dollar. The other option is to use derivative products, such as options and futures, to profit from changes in the value of currencies If you buy an option on a currency pair, you are gaining the right to purchase a currency pair at a set rate before a set point in time A futures contract, on the other hand, creates the obligation to buy the currency at a set point in time Both of these trading techniques are usually only used by more advanced traders, but it is important to at least be familiar with them. Types of Orders A trader looking to open a new position will likely use either a market order or a limit order The incorporation of these order types remains th e same as when they are used in the equity markets A market order gives a forex trader the ability to obtain the currency at whatever exchange rate it is currently trading at in the market, while a limit order allows the trader to specify a certain entry price. Forex traders who already hold an open position may want to consider using a take-profit order to lock in a profit Say, for example, that a trader is confident that the GBP USD rate will reach 1 7800, but is not as sure that the rate could climb any higher A trader could use a take-profit order, which would automatically close his or her position when the rate reaches 1 7800, locking in their profits. Another tool that can be used when traders hold open positions is the stop-loss order This order allows traders to determine how much the rate can decline before the position is closed and further losses are accumulated Therefore, if the GBP USD rate begins to drop, an investor can place a stop-loss that will close the position for e xample at 1 7787 , in order to prevent any further losses. As you can see, the type of orders that you can enter in your forex trading account are similar to those found in equity accounts Having a good understanding of these orders is critical before placing your first trade. About Reliance Worldwide. Our aim is to give you trading confidence and we strive to offer you the best trading conditions, the highest liquidity, the lowest spreads, the latest technology and the most accurate research We strive to be the best Forex Trading and CFDs bank and we will achieve this because, I believe, we have the best people Read more. Contact info. Address Attwood Business Center, 2nd Floor, Room 39-41 E1 Russian Blvd, Sangkat Toekthla Khan Sensok Phone 855 23 882 592. Stay in touch. Find out our social community. Reliance Worldwide International Ltd. ASKAP SOCIAL. Dijamin oleh Pemerintah. Otoritas Jasa Keuangan baru saja merilis daftar investasi bodong penipuan. Jangan salah pilih investasi Pilih yang dijamin oleh Pemerintah. Sejak tahun 2000, Askap Social sudah melayani jutaan investor dari seluruh Indonesia dengan mengantongi ijin. BAPPEBTI Surat Ijin No 05 BAPPEBTI SI XII 2000 KBI Sertifikat Kliring Berjangka Indonesia No 01 AK-KJBK XII 2000 JFX Nomor persetujuan anggota bursa No SPAB-001 BBJ 09 00.Pialang yang FAIR. Kami tidak pernah mengambil posisi berseberangan dengan Anda. Dengan sistem straight trough processing STP , transaksi Anda langsung diteruskan ke market. Memastikan Anda mendapatkan keamanan, kenyamanan dan transparansi dalam berinvestasi. Latest News. Penyesuaian Withdrawal trading forex pada Libur PILKADA sere ntak 2017 Selamat menggunakan hak pilih Anda Askap Social. Dec 28, 2016 Comments Off on Penyesuaian Withdrawal Libur Tahun Baru 2017.Dec 23, 2016 Comments Off on Penyesuaian Withdrawal Libur Natal 2016.Dec 07, 2016 Comments Off on Penyesuaian Withdrawal Libur Maulid Nabi 2016.