Incidentally Forex learning was created in Indonesia, but often we relate to other foreign nationals such as Malaysia or even citizens of Indonesia, which has long since no longer on the land and become citizens of a foreign country. Truly cross-border. So, if you are a foreign citizen and coincidences like this website, we hope this website is helpful for you. Please enjoy it!
Well due to the method of trading forex has been growing rapidly and no longer uses via the telephone, we will only teach you how to trade forex online (Online Forex Trading) and does not discuss the mechanism of conventional trade over the phone.
To be able to perform forex transactions online, then you need a program or piece of software that has been installed. The Software usually also named platform. There are also some forex platform that does not need to be installed and run directly through the browser since it runs on a Java Pluggin.
Currently there are dozens of types of forex trading platform and every broker using different platforms of each other. Need not be an issue because basically forex platform is just each other. Maybe a little different is just the latest appearance and layout. But generally the facilities provided more or less the same one with the other.
To simplify the discussion, of course we have to choose one of deciding how to use the platform as a platform and digunakanb amenities. Because learning Forex works closely with GAIN Capital, then we will use the platform of the GAIN to learn them
Demo Account
First you need to know in the forex occupy practically is a facility called a demo account.
As a new, do you want to infuse funds of $ 10,000 on an investment that you have never tried before? Of course not! I'm not too stupid to infuse funds I while I didn't know what I would do!
Demo account eliminates this problem. The Demo account is provided by the broker for the purpose of providing the opportunity for you to learn to trade forex with virtual money, but with the actual rate was exactly like you're real forex trading. The difference is only the money used is the virtual money aka money lying-lying. On a demo account, you will be given a number of funds (big enough) to be able to perform the action of buying and selling or a variety of other facilities provided by the platform. Each registrant a demo will be given a user id and password that can be acquired by registering himself on the registration form.
For a demo account at GAIN Capital, simply register through this link then the user id and password will be emailed to you. Very handy isn't it?
In addition to the Java Base, you can also try the Demo Acc with Metatrader. Metatrader is also used for a Demo or Live Acc at Forex.com. Here is the link to download the MT4 Forex.com:
Here are the stages to start Demo/Virtual accounts Forex.com Metatrader:
1. Open Web www.forex.com
2. Select your Free Demo Account (located in the top of the web page),
3. Fill Your data correctly.
4. Choose Send Registration
5. Check the confirmation email has been sent to you.
6. Click the download link there IE: http://www.efxnow.com/mt/forexmt4.exe
7. Completed downloaded, can be installed.
8. At the final stage of installation, you can populate Your data again.
9. Choose Leverage 1: 200 & Type: USD Standard
10. Select the check list I Aggre, Scan, Next, Next, Finish.
11. You will get Login Password to Metatrader Demo Account &.
12. After activation appears (in the form of a sound) then you can already do the trading.
13. Select New Order for opening a position. Vol 0.10 is 1 lot (mini account) and Vol 1 was 10 lots (standard Account)
14. Input Stop Loss Take Profit &. E.g. price GBPUSD at 1.5500/1.5504. That is the price of the Sell is on the Buy price and 1.5500 in 1.5504. If the trend is seen going up, you should be able to open
Buy. Example input/input Stop Loss figures are in and Take Profit at 1.5450 1.5530. Afterwards click Buy, and then after successfully filled system, then click Ok.
15. Click New Order, with a graph of the USDJPY. There is a rate of 84.00/84.03. It is a Sell price and the price of 84.00 there Buy in 84.03. If the trend looks to be down, you should be able to open Sell. Example input/input Stop Loss figures were 84.30 and Take Profit at 83.50. After that click the Sell, and then after successfully filled system, then click Ok.
16. E.g. the price currently: Sell EURUSD 1.3200 & Buy at 1.3203; Click New Order, replace the Type into the Pending Order.
17. Pending Order Buy Limit e.g. at 1.3190 (or under 1.3203). At Price 1.3190; input Stop Loss e.g. at 1.3160; Take Profit at 1.3250.
18. Pending Order Buy Stop e.g. at 1.3215 (or above 1.3203). At Price 1.3215; input Stop Loss e.g. at 1.3180; Take Profit at 1.3250.
19. Sell Limit Pending Order e.g. at 1.3230 (or above 1.3200); At 1.3230 Price; input Stop Loss e.g. at 1.3260; Take Profit at 1.3200.
20. Pending Order Sell Stop at 1.3180 e.g (or below 1.3200); At 1.3180 Price; input Stop Loss e.g. at 1.3240; Take Profit at 1.3150.
For platforms on the GAIN, you need a Forex.com Metatrader is installed on your computer. the following is the display of the Gain Capital/Forex.com metatrader:
Ok after a user id and password I have received, the next what shall we do? Yes of course start Your demo account. Login to Demo Account Password & you already get. If you want to add a Login Demo Password & recently, you can go to the File menu, Open An account, then fill in Your data. And in an instant the home/office computers on Your network have connected with forex transactions all over the world! UM ... you quite fancy heh? Of course!
Each forex trading platforms have standard amenities in it like the menu to perform Buy/Sell orders, bookings, great balance, charts, news and other additional facilities. Some platforms provide opportunities for automated trading, namely the addition of a script on a platform that allows trading is done automatically by a computer program.
You can read the Metatrader 4 User Manual here.
Well with this kind of online forex platform, leave the thought that trading through exchanges and shouting as commonly seen on TV is cool. Indeed, it's exhausting and stressful. Online trading is much more cool. Simply through the House in your room and enjoy a cup of hot tea as well as from short. No need to get caught up congestion, no need to exit the House, need not dapper and polite in shining, people need not be seen! What else do you need?
It seemed like a wonderful dream instead?
Wait a minute
It is indeed a beautiful dream, but it only happens if you have a profit in forex you! Well, if you lose then all the dream becomes a nightmare because you just throw your money through Your beloved rooms. So forex can be the easy way to earn money from home, instead it can also be a easy way to earn money from your home. Simple isn't it?
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