Tips for beginners in forex?

Trading or better known as the Foreign Exchange (Foreign Exchange) is a type of trading / trade transactions that a country's currency against the currencies of other countries that involve major financial markets in the world for 24 hours continuously. Given the level of liquidity and price movement of a high acceleration, Forex trading has become the most popular alternative because the ROI (Return Of Investment, or the return value of investments that we have planted) and profit to be gained could exceed the average trade in general (usually mean- average return is about more than 5% - 10% per month, though it could reach more than 100% per month for professional traders).

What currencies are traded?
That is all world currencies that have a high selling power. Example: USDollar, Yen, Euro, Franc, Pound Sterling (GBP / USD, GBP / USD, USD / JPY, USD / CHF) and others.

How to process transactions?
What is a "Buy / Sell" in the foreign exchange market this? On the stock exchange is you can buy or sell currencies are traded. Objective is to gain profit or advantage from the position of the transaction you are doing.Example: if you are buying (BUY / Offer / Long) of a currency and the currency price movement proficiency level showed a significant increase in graphics, then you can take advantage of these price differences to close your positions, and vice versa if you do sell ( SELL / Bid / Short) and then the currency price movement charts have decreased, then you can also take advantage by closing the position you are selling.

Is the FOREX is "Two Ways Opportunities?
"Yes! Transaction in FOREX can be done by way of 2-way in taking advantage. BUY (buy) first, then covered with a take profit Liquid SELL (sell) or otherwise to SELL (sell) first, then covered with a take profit BUY Liquid (buy).

How do I calculate my transaction results in the FOREX?
Here is how: For the FOREX against the USDollar currency there are two main types of Direct and Indirect

Example:
Direct: GBP / USD, EUR / USD, AUD / USD, etc. (just a ... / USD)Indirect: USD / JPY, USD / CHF, etc. (USD / ....)And for the calculation: Like we start trading Forex with an initial capital of U.S. $ 5,000 (regular account), then the way our transaction count is:

For currency Direct: for example, we trade in the species account regular Forex then we have input quantity contract sizenya = U.S. $ 100,000 and we do Buy in EUR / USD at position 1.2000 and then at the close Sell (take profit) at the position of 1.2010, then we will profit for: (1.2010 - 1.2000) x 100 000 = $ 100 (profit) or vice versa if the loss is the same calculation.For currency Indirect: for example, we trade on the account type regular Forex then we have input quantity contract sizenya = U.S. $ 100,000 and we do Sell on USD / JPY at positions 110.10 and then at the close Buy (take profit) at the position of 110.00, then we will profit for: (110.10 - 110.00) x 100000) / position = $ 90.91 liquid 110.00 (profit) or vice versa if the loss is the same calculation.



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I want to ask, what should be done by beginner forex traders to be able to master the trading techniques that are good and true when there is no teacher who can teach these beginner traders.

I want to ask, what should be done by beginner forex traders to be able to master the trading techniques that are good and true when there is no teacher who can teach these beginner traders.

For beginner traders, if they learn on their own, try to learn the techniques of supply & support (SnD) or Support Resist, find articles on Google or youtube videos that master the technique.

Must use a learning demo account to find the right feel for open and learn money management Risk Rewards. make a review of learning outcomes every week. If you can find the feel or rule of the trading system and can be consistent profit for 6 months, maybe you can try to open a real account but the micro type or cent

Thank you for your answer, I want to ask you something, what impact does it have when the beginner traders directly use the original account, is the positive impact caused or negative impact?

in my case bro, you should use a micro account, it will practice your mental thab trading in demo account, or you can find a broker who offer some no deposit bonus, you can learn from that too, me myself is still learn too like yourself hehe

for a beginner go to forex education website like babypips, open a demo account, if you are profitable open a cent account, or you can just jump to standart or pro account:)

tips for beginner traders, don't use big lots and always keep MM well by placing SL and TP