In the trade we are able to benefit/benefit if the market goes up or down. Your way is by analyzing a pair of currencies that goes up or down, and make a difference in benefits.
If you believe the coin will be higher (above), please buy the position and wait for the prices to rise, close (seal) when the currency exceeds the purchase price you have before.
If you believe that the currency will weaken (lower) do not sell position, wait for prices to fall, close (Buy) when the currency was below your selling price.
For more details, see the following illustration:
Ember get in position buy EUR/USD at 1.3000, after some time
Ember Sell (Close) to 1.3064 then Ember earn 64 pips/points (the smallest unit in forex)
If Ember sell (Close) in 1250 then Ember 50 pip loss
2. Paijo went into positions to sell GBP/USD in 1500, after some time
Paijo Buy (Close) in 1400 then Paijo Earn 100 pips/points (the smallest unit in forex)
If Paijo Buy (Close) in 1650 then Paijo lose 150 pips
Of the above example shows that you can get a benefit in two directions. Just how to place your initial position.
Note, if you look at the MetaTrader application then:
* Prices used during open/long purchase is the purchase price (ask) and prices used when closed/liquid is the selling price (offer).
* Prices used during open sale/short-circuit are the selling price (offer) and the prices used when you close/liquid is the purchase price (ASK).
How to operate?
The forex trade is usually made through a broker or a market manufacturer. As a forex merchant you can choose the currency pair you want to sell/buy or trade.With the development of Internet technology, bookings and transaction requests can be made with only a few clicks of the computer, and the broker becomes your trading partner. By closing the trade, the broker closes the position on the interbank market and credits his account with a loss or gain. This could happen in a few seconds.
Trade risk
Is it true that Forex is scary? Trade in this market is very risky and should not be treated by newbies without the help of an experienced trader. If you plan to enter the forex market, it is recommended that you first need to learn about the forex market and how it works. In the forex market, you can easily make a profit and you can easily lose money anyway.Forex trading cannot be predicted accurately, it can make you lose large amounts of money. Take classes that offer Forex Exchange courses It is recommended that you can understand more about this market and learn how you can minimize losses and maximize profits. Or if not, you can learn to be serious on Internet sites that discuss the subject of forex marketing.
