6. Forex Online Trading and Facility

6. Forex Online Trading and Facility

Incidentally Learn Forex was created in Indonesia, but we often associated with other foreign nationals such as Malaysia or Indonesia residents who have long no longer in the country and become citizens of foreign countries. Truly cross-border. So, if you are a foreign national and a chance like this website, this website may be beneficial to you.Please enjoy it!

Well because the method of forex trading has grown rapidly and is no longer using a telephone, we will only teach you how to trade forex online (Online Forex Trading) and did not discuss the mechanism of conventional trade over the phone.

To be able to trade forex online, then you need a program or software that has been installed. The software platform also commonly called. There are also some forex platforms that do not need to be installed and run directly through the browser because it runs on Java pluggin.

Currently there are dozens of types of forex trading platforms and each broker using the platform are different from each other. No need to be a problem because basically forex platform is the same as each other. Maybe a little different just looks alone and its layout.But in broad outline the facilities provided approximately equal to one another.

To simplify the discussion, of course we have to choose one platform as determining how to use the platform and facilities digunakanb. Because cooperate with metaquote, then we will use the platform of the metaquote to learn.

demo account

First you need to know to jump in the forex practically is a facility called a demo account.

As a new, would you invest funds of $ 10,000 on an investment that you've never tried before? Of course not! I am not too stupid to invest the funds me while I do not know what I would do!

Demo account eliminates this problem. Demo accounts provided by the broker with the aim of providing an opportunity for you to learn forex trading with virtual money, but at a rate that is exactly like you're a real forex trading. The difference is only money that is used is virtual money alias fake money. In the demo account, you will be given a number of funds (large enough) to be able to buy or sell a variety of other facilities provided platform.Each applicant will be given a demo of the user id and password which can be obtained by registering themselves on the registration form.

For a demo account at metaquotes.com, please register yourself through this link the user id and password will be sent to your email. Very practical is not it?

Here are the steps to start the Demo / Virtual Account metaquotes.com:

Fill in your data correctly.

Select Send Registration

Check the confirmation email that was sent to you.

Click the download link is available: http://www.metaquotes.com/mt/mt4.exe

Has been downloaded, it can be installed.

At the final stage of the installation, you can fill in your data again.

Select Leverage 1: 200 & Type: USD Standart

Select the check list I aggre, Next, Scan, Next, Finish.

You will get a Login and Password Metatrader Demo Account.

After appearing activation (in the form of a sound) then you have to do trading.

Select New Order to open a position. Vol 0:10 is 1 lot (mini account) and Vol 1 is 10 lots (standard account)

Put a Stop Loss and Take Profit. Suppose the price of GBPUSD was 1.5500 / 1.5504. It means the price was 1.5500 Sell and Buy price was 1.5504. If the trend seen going up, you should be open Buy. Examples include the / input numbers in 1.5450 Stop Loss and Take Profit at 1.5530. Then click Buy, then after successfully fulfilled system, then click Ok.

Click New Order, with the USDJPY chart. There is a rate of 84.00 / 84.03. It means the price was 84.00 Sell and Buy price was 84.03. If the trend looks set to go down, you should be open Sell. Examples include the / input digits in 84.30 Stop Loss and Take Profit at 83.50. Then click Sell, after successfully fulfilled system, then click Ok.

Suppose the current price of EURUSD: 1.3200 Sell & Buy at 1.3203; Click New Order, change the Type to Pending Order.

Pending orders Buy Limit eg at 1.3190 (or below 1.3203). At Price 1.3190; eg input Stop Loss at 1.3160; Take Profit at 1.3250.

Pending Orders Buy Stop eg at 1.3215 (or above 1.3203). At Price 1.3215; eg input Stop Loss at 1.3180; Take Profit at 1.3250.

Pending Sell Limit Order eg at 1.3230 (or above 1.3200); At Price 1.3230; eg input Stop Loss at 1.3260; Take Profit at 1.3200.

Pending Order Sell Stop at 1.3180 instance (or below 1.3200); At Price 1.3180; eg input Stop Loss at 1.3240; Take Profit at 1.3150.

For the META TRADER platform, you need acces to metaquote.com which has been installed on your computer is to see metatrader.

Oke after a user id and password I have received next, what shall we do? Yes of course start your demo account. Login & Password for Demo Account you've got. If you want to add a Login and Password Demo new one, you can go to the File menu, open an account, then fill in your data. And in the blink of a computer on your home / office network has been connected with forex transactions around the world! Um ... quite fancy huh? Of course!

Every forex trading platform has standard facilities in it like a menu to perform actions Buy / Sell, booking orders, chart, great balance, news and other ancillary facilities. Some platforms provide the opportunity to perform the addition script automated trading platform that allows trading is done automatically by a computer program.

You can read the User Manual MetaTrader 4 here.

Now with online forex platform like this, leave the idea that trade through exchanges and yelling as they are seen on TV is pretty cool. Indeed, it was exhausting and stressful.Online betting much cooler. Quite through the house in your room and enjoy a cup of hot tea and shorts. No need to be stuck in traffic, do not need to leave home, do not need to be dressed neatly and politely, do not need to be seen! What more do you need?

Hegh ... it was like a wonderful dream is not it?

Wait a minute

It was indeed a beautiful dream, but it only happens if you run your profits in forex! Well, if you lose it all a dream that became a nightmare because you're just wasting your money through your beloved. So the forex can be an easy way to earn money from home, otherwise it can be a waste of money the easy way out of the house. Simple is not it?