Welcome To Forex World
What
Is Forex ?
->
Forex market is a global decentralized market for the trading of currencies.
My Video Tutorials to earn from forex for free WITHOUT INVESTMENT ?
-> THIS COURSE HAS ORIGINAL PRICE OF $20 BUT IF YOU GO THROUGH MY BLOG AND USE COUPON CODE THAT IS "DISCOUNT_10" THEN IT WILL COST YOU JUST $10.THIS IS JUST FOR 10 PEOPLE SO HURRY UP.
CLICK HERE FOR FOREX COURSE WITH DISCOUNT OF $10
My Video Tutorials to earn from forex for free WITHOUT INVESTMENT ?
-> THIS COURSE HAS ORIGINAL PRICE OF $20 BUT IF YOU GO THROUGH MY BLOG AND USE COUPON CODE THAT IS "DISCOUNT_10" THEN IT WILL COST YOU JUST $10.THIS IS JUST FOR 10 PEOPLE SO HURRY UP.
CLICK HERE FOR FOREX COURSE WITH DISCOUNT OF $10
What Are Currency
pairs ?
->
To understand this Take an example: - EURUSD is a currency pair. EUR means
currency code for Europe in forex market and USD is currency code for U.S
Dollar. Suppose EURUSD=1.3300 this means that 1 euro = 1.3300 USD so euro has
higher value than USD. So suppose if you are an European and you go to America
than your 1 euro is equal to 1.33 USD and suppose you have 100 euros and you go
to currency exchange counter at airport then you get 133 USD in exchange of 100
euros. But this 1.3300 rate is not fixed and it changes at every second and
this is happen at forex market and you have opportunity to earn from it. But
this does not mean that you can trade only your currency no not at all you can
trade any currency pair. Some other famous currency pairs are GBPUSD, USDJPY,
AUDUSD, and USDCHF.
See
my one trade here shown in image i have collected $77 from just one trade.
Why forex is free to
trade ?
-> See to trade forex you need to
invest some real money but if you follow my strategy then you do NOT need to invest your real money to trade forex
but what you need are below things:-
1) Must
have capability to learn new things.
2) Simple
knowledge of internet browsing.
3) Must
understand English language.
4) Must
have a good Internet connection.
5) Minimum
1 hour per day to learn forex.
6) Two
National photo identity proofs.
Why Forex and not
Stock market ?
-> May be some of you have
experience in stock market so you might think that why choose forex over stock?
Answer is simple that you need less capital (money) to trade forex as compared
to stock. Do you know you can even trade forex with just $1? Yes dear, this is
true. And if you follow my steps than you even do not need to invest this $1
from your pocket but you may get $200-$500 capital every month and trade forex
with that free money so now I come to that point.
To Get Answer of this just Click Here
What is broker ?
To trade forex or stock market you need to buy or sell and to do this you need some platform.Brokers' have their own commission rate per trade and also depends how much you buy or sell.So they give you software to trade forex from where you can execute trades by sitting at your home with internet connection.
Join This Site To Get Free Money To Trade Click Here
Join This Broker To Start Click Here
If you have any doubts then you can add me on Skype.My Skype id is "forex_earning" and i am available between 8 to 10 PM GMT+05:30.
When to trade ?
Good market movement during london and new york session and overlapping of these two sessions is best to trade as market has high movements.And also some people think that do not need to trade on monday and friday as one is starting day and other one is end day of week.But i do NOT think this and i always trade monday to friday and overlapping of these two sessions is my favorite.
MT5 Forum Security Questions
Hello dear
friends,
If you have
joined mt5 forum or when you join it and when you want to post on that forum
you may be asked to answer of some security question. Aim to ask these questions is that forum want to confirm
that you are human being and not a robot or a bot.
These
questions are easy if you are familiar with forex but if not then it might
arise a problem for you. So I have written answer of each and every security
question that may be asked by mt5 forum. And These are :
1) What term is there for a difference
between Bid and Ask pricing measured in pips?
- Answer: spread
2) What are traders, relying on a rising currency
rate, called?
- Answer: bulls
3)
Who opens and closes deals upon the demand of
its clients?
- Answer: broker
4)
Who is the one that trades on Forex with an
aim to gain profit?
- Answer: trader
5)
What term is used for international foreign
exchange market?
- Answer: forex
These are total 5 questions that may be asked by mt5
forum. If you find any question that is not listed here then please comment
here or contact me so that I can add a new question and its answers.
Some basic concepts of Forex
What is terminal ?
Ans - Terminal is a software and also called trading platform.we buy/sell currency pairs in trading terminal.
What are pips / pipettes ?
Ans - if current price of EURUSD is 1.3301 and if it goes up to 1.3302 then it is called 1 pip or it goes down to 1.3300 then also it is called 1 pip.
What are spreads ?
Ans - Difference between bid and ask price is called spreads.For ex. now if EURUSD bid price is 1.3300 and ask price is 1.3303 then these 3 pips are called spreads.These spreads are not fixed and depends on your broker.
What is leverage ?
Ans - Suppose if you have deposit of $100 and if you have leverage of 1:100 then your broker will allow you to trade currencies worth $10,000.
What is risk ?
Ans - You are going to buy or sell a currency with aim to gain profit then you may get either profit or loss.so this is risk that we take with intend to gain profit and sometime we may face loss.so we are taking risk even if there are chances of loss.
What is margin and margin call ?
Ans - Your capital or money deposited in broker is your margin.and when you have open trade and you are in loss and reach a level when your margin will end then you get margin call.
What is leverage ?
Ans - Suppose if you have deposit of $100 and if you have leverage of 1:100 then your broker will allow you to trade currencies worth $10,000.
What is risk ?
Ans - You are going to buy or sell a currency with aim to gain profit then you may get either profit or loss.so this is risk that we take with intend to gain profit and sometime we may face loss.so we are taking risk even if there are chances of loss.
What is margin and margin call ?
Ans - Your capital or money deposited in broker is your margin.and when you have open trade and you are in loss and reach a level when your margin will end then you get margin call.
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