Forex

Home    Previous lesson    Next lesson Up to now you already completed three lessons.  This is the forth and one of the most important lesson. But it is a small lesson. Let’s see who are the Forex brokers? Forex brokers are kind of facilitators who are providing you the opportunity to access in to Foreign exchange market. For their service they charged a commission which is calculated according to the market spread of a currency pair. Spread means the difference between buying and selling values. You don’t worry to know and calculate those values. Because before you end the trade they will show you the figures. Simply you should memorize if the spread is high you have to pay more at the end of the trade. See the following example EUR/USD     Buying value= 1.2456                    Selling value = 1.2453 So the spread       = 1.2456 – 1.2453                            = 3 pips Now you know the number of pips. So now you can calculate amount of money that represent 3 pips. Then see

                                                                        Home      Previous lesson      Next lesson There are several requirements for Forex trading. You don’t need things that cost you too much. But you should several fundamental requirements. They are; 1.        A computer with high speed internet connection Don’t start with a dial-up internet connections, because you should see the currents rates not the past rates. Your platform should synchronize the data with live market. If you late for few minutes, you may lose everything you have made.  This can happen frequently during busy hours. 2.        A Forex broker The broker provides you the opportunity to access in to the Forex market through their platform. You should download it for free. Then you have to deposit in to your account and then start trading. But be careful to select a Forex broker. Always read their policies carefully. Other thing is first try with demo account, if you feel it is difficult to handle