The easy way to play forex. For those of you who are beginners in the world of forex, and you asked a question, how well play forex trading? The answer is easy. Even with a few minutes of exercise alone would already understand the Foundation. But again we've ever wrote in the previous article. That play forex is easy, only winning difficult. Forex is basically playing predicts a pair the currency's value up or down. And confidence of the predictions that we make in the open position/trade. And in the forex there are only 2 types of open positions.
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1. buy/BUY/LONG: Predicts a value pair up
2. buy/SELL/SHORT: Predicts a value pair down
For more details see the illustration below.
1. Alex entered at position BUY EUR/USD at 1.3000, after a certain time Alex SELL (CLOSE) 1.3064 then Alex benefit 64 pips/point (smallest unit in forex). If Alex SELL (CLOSE) of 1.250 then Alex losses 50 pips
2. George goes on GBP/USD SELL position in the 1,500, after a certain time George BUY (CLOSE) at 1,400 then George 100 pip profit/point (smallest unit in forex)
If Erik BUY (CLOSE) at 1,650 then GEorge suffered a loss of 150 pips
If you look in the application:
* The prices used as OPEN BUY/LONG is the purchase price (ASK) and the prices used when you close/liquid is the selling price (BID).
* The prices used as OPEN SELL/SHORT is the selling price (BID) and the prices used when you close/liquid is the purchase price (ASK).
A brief discussion of how the easy way to play forex, but if my friends are still less understand the above discussion please read how to play forex. In the article will examine further how easy play forex. Okay friends, I am apologizes if any write error. Then if you want to ask about forex, please comment on this site, maybe I can help you. Enough of all this and thank you for visiting ...
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