Back again on the explanation of how to play broker forex online especially for new beginners who want to start trading broker forex online. Here's a guide how to play broker forex online trading online is right for beginners that are easy and profitable.
Play broker forex online essentially manage the existing capital in broker forex online account by way of a transaction that is buying or selling goods that exist in broker forex online market.
What are the items? the goods are in the form of currency pairs or commonly referred to as Pair. For example GBPUSD, EURUSD, GBPJPY and others.
But even if you make a purchase, the goods you do not hold, but only recorded in your broker forex online account transaction record.
The advantage of this broker forex online game is the difference in price. For example the current price GBPUSD is 1.6580, then you buy a lot of 1 lot (100,000 units). Hover 1 hour price GBPUSD rise to 1.6595, then you close the transaction then your profit is the price difference x 100.000 that is 0.0015 multiplied 100,000 = $ 150
To be profitable in playing broker forex online of course must use the science of trading, and basically the science used by traders to play broker forex online is the same, that's it. What distinguishes profit in not playing broker forex online is MENTAL each trader. If able to trade regularly / discipline in running the strategy of playing broker forex onlinenya of course the result of profit. But if it gets swayed by the market, it means to forget the strategy that has been made then the result is a loss.
So if you as a discipline, then your chance to profit in broker forex online play is high enough.
The core of the stage to start playing broker forex online are:
Create a broker forex online account
You could say this stage is the stage of broker forex online list on the broker to create a broker forex online account / broker forex online account that will be used to accommodate your capital funds.
Install metatrader
What is a meta trader? metatrader is a software for broker forex online trading or broker forex online playground. So this metatrader must be installed first to the PC, laptop, tablet or smartphone that will be used for broker forex online trading.
Deposit
After the broker forex online account so, metatrader already installed, it's time to fill the account with capital broker forex online. The process of depositing this capital is called a deposit. You can deposit by credit card, transfer using mobile banking or cash deposit, deposit with skrill or fasapay.
Broker forex online Deals
This is the essence of playing broker forex online that is doing the transaction / trading. This is where your daily activities in broker forex online play to benefit.
Where to start if you want to play broker forex online? Of course you have to register first. Please see the guide at page: BROKER FOREX ONLINE LIST
Please follow all the steps on the list of broker forex online list, there guides complete until the stage of making a deposit. After the broker forex online account so and already filled capital, then stepped on the next stage of the stage of play broker forex online itself.
About how the transaction or how to play broker forex online is like this picture:
First, you must know first that in playing broker forex online, you are fortunate if:
- Conduct BUY transactions then the price goes up, then you close the transaction
- SELL transaction then the price goes down, then you close the transaction
So in playing broker forex online, we can profit from the price of moving up and the price is moving down, as long as the type of transaction we do exactly whether it is BUY or SELL it.
Take note, that in playing broker forex online that there are 3 activities that are done are:
Make a Transaction
Waiting for the price to go up or down
Closing the transaction
Let's discuss one by one for the activities of playing broker forex online that you do the results can be profitable.
PRACTICES PLAYING BROKER FOREX ONLINE
* DO TRANSACTIONS
The correct step before making a transaction is to analyze whether the price is going up or going down. So please first analyze the graphic (easier technical analysis) if you want to learn technical analysis please at page: Technical Analysis Guide
For example if you are sure the direction of the graph will go up, then do the transaction BUY. Or for example if you believe the direction of the graph will go down then do SELL transaction.
How to make a transaction:
For example we analyze is pair GBPJPY, and we believe the direction of the graph will go up, then the way of the transaction are:
Click the New Order button in metatrader or it can also Press the F9 key on the keyboard, then set the volume amount of the transaction (lot), then click the Buy by Market button. Then click OK
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* PROCESS WAITING
Play broker forex online is not a finished job in a matter of minutes ago you profit, but there is a lag time to go until the price moves first, because the profit of this broker forex online play from the difference in price. Therefore, after making a transaction then the next process is the process of waiting for the results whether the price moved up or down.
In this waiting period please do something else. It is not advisable to keep your computer in front of the screen looking at the graphic because it can interfere with your mentality that can lure you to close transactions prematurely.
Do other normal activities such as eating, coffee, watching tv, chatting with children or other. You may visit chart movement for example 1 hour.
* CLOSING TRANSACTIONS
Once the desired profit is reached, close the transaction so that the profit becomes a reality and log into your account.
The amount of profit can be seen in the profit column to the right of the transaction line. If the value is positive, then it's profit. If the value is negative then it is a loss if the transaction closing.
The way to close the transaction is right click the transaction line and click Close Order
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(the picture above is just an illustration of how to make a transaction)
If you have closed the transaction then it means it has completed 1 cycle of playing broker forex online. Then just repeat the cycle while training the analysis and discipline to make transactions when convinced where the direction of the graph.
The better thing when playing broker forex online is to always use STOPLOSS and TAKEPROFIT on every transaction made.
Stoploss is the limit to prevent larger losses. While take profit is to maximize the benefits to be gained.
How to install stoploss or takeprofit can be learned when you follow the Broker forex online Course we held, as well as tips and profit strategies in playing broker forex online.