currency converter

Wednesday 6 July 2011

Learn how to read the exchange rate (Currency exchange )

Currency always appear in the form of (pairs), for example pair EUR / USD EUR any dollars, for example, or pair USD / CHF pair any francs, and the reason for its appearance in this way, that every deal will it, will buy a currency and sell the other.

Now Come with me to learn, how to read the exchange rate ?
Exchange rate simply is the ratio of currency in value against other currency.

If Screen of currency pair exchange rate we have seen
EUR / USD exchange rate was 1.2853 a

If the exchange rate of EUR / USD means as follows ..

Since the euro is the currency in the pair (the main currency always show your hand on the north)

It can only buy 1 euro, compared to what we see of the U.S. dollar in the price we have visual on the screen of trading, ie, we can sell the U.S. dollar at 1.2853 to buy 1 euro.
In other words, the value of 1 euro = 1.2853 U.S. dollars.
In other words, it can be bought only 1 euro to sell $ 1 and 28 cents, at 53 Point.

Here's a question ...
Why did not you read the price 1.2850 and 1.2853 to read? What are these the 3 points?
To answer this question, first you must know these terms are important:
(1) the base currency.
(2) anti-currency (the currency of reading).
(3) spread.
(4) Point.



Base Currency

Is the first currency in the currency pair, and be on your hand in the north to screen the currency pair exchange rate.

In this example the exchange rate in the pair EUR / USD equals 1.4503 This means that the euro is considered the base currency
This means that every 1 euro you can buy it at U.S. $ 1.4503

Currency counter
Is the second currency on your hand right in the currency pair.
Known as the currency of "reading", which we use to read the price, as I have just mentioned, and also we call the currency Alboynt it is that we work out how many points driven by the husband.

We say that the currency "anti" is equal as well as against the base currency
For example, a pair EUR / USD exchange rate of 1.4503 in the currency here is the anti-dollar is the currency of any Alboynt that each of $ 1.4503 equals 1 euro only.

Spreads
The difference between the purchase price and sale price Balsebred known or unknown on points, a taxi broker.

For example, in the exchange rate of EUR / USD 1.4503/1.4500, but he will read orally without the first three digits of the three as follows
"03 / 00" if the difference was only here 3 Points.

 Spread is the type of relationship with the payment transaction to buy or sell ..
When you buy currency you will pay the difference spread between the two currencies because you pay the difference until you open the package and enter the market, do not pay anything when you get out, but when you sell the currency you will not pay the spread between the two currencies when you open the deal, but will pay the spread when you want to close the deal and get out of the market.
 
Point- pip
Is the smallest unit of price for any currency, and we counted our losses and our profits .. And almost all currency pairs, including five numbers, and more couples have a decimal point after the first number

For example, a pair EUR / USD at the exchange rate of 1.4503
In this case one point equals to the smallest change in the fourth decimal place of a 0.0003

If the currency counter in any pair where the USD
The value is always equal to one point  1 ÷ 100 cents.
With the exception of one pair of prominent  USD / JPY which point equals to $ 0.01


Have I succeeded in that you get information on how to read simply the exchange rate? I hope so 
If your answer is yes .., I am very happy, because you had thus held the first string on your way to Forex, because most new traders even despite the passage of time on their experience of accounts demo and incomes in some trade, may not know how to read the exchange rate for the currency pair more than one way but may not know already

Base currency is circled on the left

The opposite one (not base ) circled on the right (USD)


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The working hours of the Forex market

The currency market follows the sun around the world so it is possible to trade currencies in times of night if you like the ipod If you like the bird's active, it is possible to trade currencies in times of the morning, you should know, my dear trader that the market for currency market is open 24 hours and the length of the day from Sunday

evening until Friday evening.

  Please adjust the timing GMT
The opening and closing dates of the foreign exchange market throughout the week GMT,

Sunday night starting at 21:00 GMT until Friday evening at 21:00 GMT
 The market opens on Sunday at 21:00 and close at 00:00 (beginning with Monday)
The market opens on Monday 00:00 and ends 00:00 (with the start on Tuesday).
The market opens on Tuesday, 00:00 and ends 00:00 (with the start on Wednesday).
  The market opens on Wednesday, 00:00 and ends 00:00 (the start of Thursday).
  The market opens on Thursday, 00:00 and ends 00:00 (begins with the start on Friday).
  The market opens on Friday 00:00 and ends 21:00 (on the same day "Friday").
  Saturday: Forex market holiday.

But this does not mean that the market is active throughout the day because there are times where the slow movement of exchange rates or increase and you'll learn why later in this lesson is important.


And you should know that: at the beginning of the day is (reset) the highest number and lowest number has reached the price of each currency pair on the day to him (ie, High and Low) and announces the start of a new day and where are also discount or adding the interest on transactions traders account holders is free from interest and commissions and receive these benefits P rollover check.
  Practical training to determine the beginning and end of the day on the currency chart:
1. Open MetaTrader.
2. Open the 1 minute chart.
3. Click on the (Ctrl) + character (Y) using the keyboard.
4. Will show intermittent vertical lines which represent the beginning of the first and the last day.   


Important Note:
  Dear trader, please do not forget to ask the brokerage firm that deals with the timing of the MetaTrader used to have because every brokerage firm offers timing, according to the headquarters of the brokerage firm, for example, that the company Jane Capital Forex Forums Branch Britain offers MetaTrader GMT The FX Branch Solutions America offers MetaTrader GMT America.

And I know always that the movement of exchange rates are affected under the working time of global stock markets especially the Sydney Futures Exchange, Tokyo, Frankfurt, London and New York, bottom line is possible to say that the Forex market works in times of global stock markets work.

Now, let us recognize the
Dates of the opening of global stock markets
The following pargraph shows the dates of opening and closing stock markets GMT and the table appears that these markets operate in a time span of 8 hours from the time of opening until closing time.

Trading headquarters:

Germany European market (meeting Berlin)         opens at 06:00 AM        closes at  02:00 PM

London Stock Exchange
Britain European market (the London)                  opens at  07:00 AM          closes at 03:00 PM

New York Stock Exchange
 America the American market (New York)          opens at  12:00 PM          close at  08:00 PM

Sydney Futures Exchange
Australia Australian market (meeting Australia)    opens at  10:00 PM         closes at 06:00 AM

Tokyo Stock Exchange
 Japan Asian market (Tokyo session)                       opens at  11:00 PM       closes at 07:00 AM

Do you want to find out when the global stock markets are opening your city? Please login site adapter and times Time Zone to the timing of your country.


Of the schedule previously could see that there are more than stock market open trading at the same time, and we believe that during those periods of time that converge in the work of stock they are more times with a high movement of foreign exchange rates up and down as they are more times the risk may bring rolling large profit hit by high losses, or if you did not realize the importance of these times during the buying and selling foreign currencies and we believe that the European period (during the London) are more periods of strong movement in currency rates up and down.


Why take advantage of these times?
Of course, every coin we want to buy or sell must be done in a timely manner and we mean it is better to buy or sell the euro at the time opened the European market, and buy or sell the dollar at the time of opening the U.S. market and the purchase or sale of the Japanese yen at the time of the opening of the Asian market. . To all the other currencies that move will happen in the price depending on the currency speculation in the stock market based on their country's special economic news or news in this country, states are relevant to them.

Please, no trading in the currency market closing hours
This is advice not to buy or sell any currency at a time where the stock of the country claiming the currency (closed), otherwise you may lose your position or at least will remain frozen in front of your transactions and involved in waiting for the coming of traders with the opening of the stock market, Do you want to trade on your own without the presence of traders else ?



The most dangerous and difficult trading times are GMT:
  At 08:00 AM
The opening of the London Stock Exchange, after Germany, France, Belgium and the countries of the European market.
  From 12:00 PM to 14:00 PM
Due to entry began to coincide with the New York Stock Exchange and London Stock Exchange, Germany.
  From 16:00 PM to 17:00 PM
Due to movement of trades in the U.S. market.
Repeat.. beware if you want to engage in deals during these times.
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The secret of the profession of Forex Trading

Every profession has its secrets and Forex is not a profession and as they say you always entered as the majority of online Forex trading sites, you are told: that Forex requires you to the following:
To sit at the computer or sitting in your chair and put mobile laptop in your lap.
Open your computer and make sure you are connected to the Internet is very good.
Open the program in demo trading and buy and sell foreign currencies.
Open the following week with your real brokerage company and dealer in the Forex.
Earn money! Now you are a trader in forex!

This is the Presto music fast, which often will you hear and Stsamaha whenever Sadvk talk about Forex online and feel like you have just learned how to be the owner of a new project, but draws you these words about the desire to open a real account and start trading in order to become a millionaire in the days.


Do you think that the trade in foreign currencies that easy?!
In fact, the Forex market is the largest market on the planet ...

That is why the forex market is not that easy, because forex trading can be very dangerous to those who did not know her secret, and perhaps might lose some or all of its capital, in the case if he does not know what he was doing exactly in this market, Valforx profession sensitive You need to study, understand, and not a stroke of luck or amateur game, gambling, and the reason is simple: we are trading in foreign currency exchange movements through changes in the economies of the owner of these currencies.


Repeat .. Forex profession, we are trading in foreign currency exchange movements through changes in the economies of the owner of these currencies.
Oh... It's really a big sentence in meaning!!

Let us simply tell you the secret of the profession in order to be a real Forex His real project depends upon your income and trade in the comfort of mind and to fully understand what is happening all around you.

Forex is the secret of the profession:
Learning is always non-stop
And even got the millions it never stop learning ..



In order to be successful trader in the profession of trading in foreign currencies ...

(1) must learn the principles of trade in foreign currency.

(2) must learn how to read the news and determine your decision to buy or sell according to your analysis.

(3) must learn technical analysis and studying the charts and graphs of currencies.

(4) must specify the commercial character and select the appropriate time that suits your business type.

(5) must have a trading strategy has been tested to be successful and achieve successful investment indeed.

(6) Put yourself in the trading plan and money management neglected to minimize your losses.


That is really all you need in your new business to become a successful trader!


And advice, please always remember that ...
Even after you learn the lessons with us and graduate from our school, educational and trade on your real and achieve, God willing, Success, do not stop there and try to learn more and new always remember that the success or failure of your fingertips, please do not move your fingers only goal towards the target, and I know that the secret success is the effort, thought and patience.




What is the Demo Account Demo account?

Is a virtual account can be obtained free of charge, known as the Account Demo Demo Account and offering brokerage firm and give him money virtual Through this demo into the merchant to the real market to train on the mechanism of work with the company and also to test the strategies learned in the tutorial that got him traded these strategies under conditions of real market like a market in a very real Vestelm instant news about the market and analyzes the charts and graphs of the currencies and then decide to buy or sell currency through the trading platform, and the real interest of this account is to help the learner to assess the level of educational level and the extent of the success of the Link to in the last month by the results achieved by this account.

Warning:
If you would like the money deposited in your account in Forex is not a real surplus funds of your life, there is no need to enter the Forex, it must enter with a surplus of funds that you have only so as not to adversely affect the level of economic and living your life.
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Market Types and Big Players

Stock Exchange Bourse ...
Out the meaning of the word stock exchange:
Origin of the word stock is due to a person named (Van de Burs) had a city of Bruges, Belgium hotels and frequented by traders of the discussion about commercial transactions and was the theme of this hotel is three bags of money.

The stock market is the market that meets the financial and Chirvien Alsemsarh at specific times of day to conduct trading in securities and commodities, metals and others.



Types of global bourses:

(1) Stock Exchange, such as stocks, bonds and shares of incorporation.
(2) Exchange of goods, such as cotton, wheat, iron and copper.
(3) stock exchange, precious metals, like gold, silver, platinum and diamonds.
(4) contracts for commercial transactions of goods is present, such as petroleum.
(5) the spot market for trading foreign currencies outside the stock market (Forex)

Here should know that you will be trading in the forex spot immediately because the session is dedicated to the education of this type of immediate exchange of foreign currencies, which depends on the Islamic regime in circulation, and I know you will not be trading in the market Alviuchr Future Alawbashnz options or just stay away from them.


several parties Participate in the stock market ...
(1) Central banks
The central banks are the most impact on the market because they have large cash liquidity.

The major central banks around the world:
• U.S. Federal Reserve Federal Reserve Bank of American
• European Central Bank ECB
• Bank of Japan Bank of Japan
• Swiss National Bank Swiss National Bank
• The Bank of England The Central Bank of England

(2) Brokers
The brokerage is the mediator between the client and the market, as well as the mediator between the client and the Bank-financed funds transactions in cases of trafficking Balmarzin, as well as the intermediary between the customer each other, and you must choose a brokerage firm are subject to legal control of her Government to ensure the safety of your money.

And the role of these companies also that are not buying or selling only through them because they are driven the prices displayed on the stock exchange from banks to banks or to the investors and the brokerage company is a broker and does not bear any losses as a result of market fluctuations, but works for hire as being from the brokerage only.


(3) Commercial banks
The role of market maker because they are working to find a market, especially in the currency they are ready to buy and sell at any time.


(4) Major international companies
Most international companies have their own dealing rooms in order to achieve good investment performance.


(5) Mutual funds and investment portfolios
Moving some of the small investors or those who do not have enough experience to deal with mutual funds and authorize the Director of Accounts for the management of this fund compared to a profit margin achieved and the investment of these funds have the ability to cope with market volatility.


(6) Insurance companies
Some insurance companies tend to invest the surplus of insurance in financial markets.


(7) Governmental institutions
Is not an active party to some extent in the capital market, but sometimes involved, particularly in developing countries that are of some import and export operations of the public sector monopoly.


(8) Individual investors
Although they do not play an important role in the capital market to the small size of their transactions, it began to note an increase in the number of retail investors after the appearance of the facilities granted to them by some financial institutions or the provision of what is known as margin trading.


All these players have formed a global market is open on some 24-hours a day, it is not the preserve of a particular country, according to statistics in 1995 was the volume of trading in the range of $ 2 trillion a day traded and this number is very large, so the currency market is hard to control in which a person or entity, or of the institutions that govern the terms of the rise or fall because of the large value traded in this market.



Are you new in forex (foreign exchange market)?
Well .. From here begin a career trading forex.

Every profession has its own set of principles, rules and disciplines and the profession of Forex is not an exception to that and our lessons teaching was designed and used colloquial language in which to be a process of learning natural and easy for you as well as to help you to be a better understanding of the foreign exchange market is clearer and Sncharkk in understanding this market cunning Snarafk how trade transactions successful, God willing.

It is likely that you will be interested in trading foreign exchange and also would be encouraged to open a real account and start trading your money real.

But do not do it this way
It is not easy so fast!

Because you are different from the others
You still ... New To Forex

Stahlk our school to be properly prepared to enter the profession of Forex trading has kept us and learn in sequence to accommodate the profession and become professionals.
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Tuesday 5 July 2011

Time Frame

The time frame depends on component of the graphs and data compression, and time frames are:
- Interday : Within the day (1 minute, 5 minutes 0.15 minutes, 30 minutes, 1 hour, 4 hours)
- Daily
- Weekly
- Monthly
The smaller the time frame the more details about the movement of prices, for example, on the part of 1 minute, we can find out where the price at any minute during the trading period (where every minute to the price represents the candle on the chart), while a part of daily we can not know This is because part of the daily shows per day one Japanese, and so for the rest of the tires used chronaxie

Daily Data are statements (within the day), compressed to show each day as a graphic ( one Japanese candle on chart), and weekly data are data daily tablet, to show each week as a graphic (one candle one Japanese chart)

Whenever the data is compressed, the more increased the period to display the old data on the graph, and if the graph displays a 100-point graphic (100 candle Japanese), For part of the weekly can display data for 100 week (almost two years), while on the part of the daily displays data for 100 days, which represents 5 months.
Choose a time frame depends on the style of trading:
Valmtagron often focused on the frame within the day and on the framework, daily, to expect the price movement in the short term, the smaller the time frame the more details about the movement of prices, but in the time frames of very small (like under 1 minute), the price action it seems very large and cause some confusion, which distort the overall picture of the graph.

While the focus of traders on the long-term framework, the daily and weekly framework, to determine the long-term trend and expect the price movement in the long term
Others use both of the charts long-term relationships with graphs short term, as the charts long-term good for the analysis of the overall picture to get a comprehensive view of price movement history, and after analyzing the overall picture on the charts long-term, moving to the charts a short-term analysis price movement in the short term
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