Actually, how the system work forex?
By kendedes2011
@kendedes2011 (2712)
Indonesia
5 responses
@freakei (43)
• Philippines
16 Nov 10
I'm still in the learning process as well, but I can tell you that forex is much better than stock trading because the currency pairs are easier to monitor. Plus, all the information is available to everyone, unlike the stock market where there's usually insider trading.
Basically, currency trading is about pairing a strong currency with a weak one. If EUR is weak and USD is strong based on the respective economies' performance, you can short EUR/USD.
I'm currently on a live account now and I'm making roughly 5% a month. But here's where I learned all the basics if you're interested: http://www.babypips.com/school/
Good luck!
@Sanitary (3968)
• Singapore
11 Nov 10
Stock and forex are different. Forex is on currency values and the pairing are more or less fixed. Though it might be a differen e of few cents in changes, but that's able to make or break u. It's not easy to try our hands in forex because the lesson is not cheap at all. For successful people playing that, usually they will experience one time of being a bankrupt before making a comeback. If u don't have the means, I would say don't try it.
@kendedes2011 (2712)
• Indonesia
16 Nov 10
whether it is possible to quickly get money to play forex?
@rifnee (1713)
• Indonesia
14 Jan 11
in my opinion all treatments share or investment of imagination and how to learn an index, and all of that money may be regarded as safe if we do not conduct transactions or do we witness a key trans tau profit loss. according to experiences in the general community does not believe this is because more inclined BMA ever.
@dayangsumbi2010 (1724)
• Indonesia
13 Jan 11
One of thethe benefits of the forex is a two -waytrade . This means that, unlike conventional trade which always begins with the purchase and then sell, forex allows investors to sell first and then close the transaction by buying. Thus, regardless of market conditions, investors can always take advantage
@freakei (43)
• Philippines
18 Nov 10
Basically it's all about watching the economic performance of the countries and pairing a strong currency with a weak one. The idea is that the strong the economy, the stronger the currency. So if you expect the UK, for instance, to have a strong GDP then you expect the US to have weak economic figures, then you buy GBP against USD. That means you should go long GBP/USD.
Of course technical analysis should also help because past price action can hint at how prices will behave in the future. It's a lot like stocks but you are watching economies instead of companies.
