16 Dec 08 Forex Basic for newbie (Part 3) - What is money transactions?

What is money transactions?

7 types of money transactions are most often the market is: Dollar, Euro, Yen, British Pounds Sterling, Franc. Signed all kinds of money, including 3 letters, in the Grade 2 letters first is an abbreviation for the name of national letters and finally the name of the kind of money transactions

When the transaction occurs?

FOREX market is very special compared with other markets around the world. It is similar to that of 1 supermarket Wal-Mart where people can in 24 hours a day. And in such a place in the world, active transactions will take place through the buying and selling foreign currency with banks, in all of the time zone day and night, and only stopped running in a short time last week . You can trade any time during the day depending on what you get in the habit of working the night or morning.

Forex Market

Forex market has been beyond all other markets to become the financial market’s largest and most popular in the world, the transactions by millions of individuals and international organizations. Here, participants will decide the transaction, depending on conditions, prices and prestige of the object.

Chart below shows operating foreign exchange transactions worldwide. USD is the currency transactions are primarily, to be EURO and Japanese Yen standing position 3.

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……….Go on next week, thanks for read,

23 Dec 08 Forex Basic for newbie (Part 4) - Why foreign currency transactions?

Now go on….
Why foreign currency transactions?

Here are the advantages and value of the Forex market, is the reason why people choose transactions in this market:

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No service charge: No exchange fee, no fee payment, not government fees, no brokerage fees. Brokers will be deducted from the cost of transactions through the points "bid-ask" (average 3-5 pips)
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Not through a set of commands: Transaction currency without intermediaries and allow customer transactions directly with the market and updated information directly on price and exchange rates of currency pairs.
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Unlimited transactions in other markets the transaction is limited by the rate of (for example the right to choose the future for gold is 5,000 ounces). In Forex, may be dealing with only one small $ 300.
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Low transaction fees: transaction fees for small accounts (bid / ask spread) is only about 0.1% with the conditions generally. Account the large transaction costs lower.
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Market transactions 24h: No waiting time markets opened and closed. Transactions at Branch from noon to 6 hours EST Friday, can say FOREX market never sleeps. This is a big advantage for those who want the transaction in time or the time most appropriate day, because you can choose any transaction time (morning, noon, evening or night)
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No one has the ability to market orientation: Forex market is too big and too many people involved who should not, whether the 1 bank, can control the value in the long term. The intervention of central banks only have effect in the short term and not effective. Central banks increasingly have less impact or interfere with the global market.
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Access (Access): Forex is open 24h/ngay from 6g pm Sunday to about 3g pm Friday. Those transactions individual can cope with the news when it was launch than waiting for the bell is the opening of the market when other people have the same information. This allows the transaction to join before the information is detailed analysis of the transaction. Liquidity and transactions 24 hours to allow the participants to the market and exit at any time. There are many Brokerage Forex distribution in each region, the center of the market (Tokyo, Hong Kong, Sydney, Paris, London, America, etc. …) is ready to continue offering price and sold.
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Because high Item: Because the Forex market is large, it is easy to account. This helps you quickly perform transactions only with 1 click in normal conditions. You can purchase immediately optional. You can never be "the" in the market. You can also set up automatic mode for floor trading ended order transactions when you achieve the desired profit (rate of interest) or close the market move against the desired (anti-hole)
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Market 2 aspects: money is the pair of transactions, for example: urban / yen, or red / of Switzerland. Each position in relation to the sale of money and this money to buy other. If the transaction believe that Switzerland will co higher than urban rates, they can sell it and buy of Switzerland (sold soon). If people believe the contrary, they will buy dollars and sell of Switzerland (purchase and storage). Potential profits for existing exchange rate (price) always fluctuate. . Forex Transactions allow revenue from the 2 increase and decrease the value of currency-related capital. In each currency transaction, each party and have been lost.
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Excution Quality: Because Forex very or change, most transactions can be done with the current market. In all these markets move fast, can not avoid risk in all transactions (securities, real estate, etc. …) but can be avoided by 1 several software programs of the money brokers currency, the program will notify you in on exactly before making order. You are allowed to choose to accept or avoid risk. Ability to account Forex market wider to the ability to match orders with high quality.

Transactions are confirmed immediately and transactions over the Internet in just 1 copy of the screen computers to record all the activities of transactions. Many people believe that characteristics of the transaction by the Internet more secure than using the phone for transactions. The famous manufacturers such as Charles Schwab, Quick and Reilly $ M Warehouse proposed transactions over the Internet.

They will not risk their reputation if Internet service is not reliable and safe. In situations appear issues technical, computer temporarily stopped work, but with the system set order (ordering) of the broker (broker), the transaction can immediately call for broker to enter or exit from the transaction.

Computer system of the broker (broker Internet) are protected by firewalls to keep information about your account without observation. Concern largest broker is the safety of your account. They must perform several steps to exclude any danger which go by the trade on the Internet.

A Forex transactions on the Internet is not calling for broker. The exclusion intermediary (broker salesman) reduce costs, making the process more quickly placed orders and limited ability to misunderstandings.

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As concentration (Focus): Instead of trying to 1 stock, 1 instrument, mutual funds or property from tens of thousands of things available on the market, the Forex transactions only focus on 1 to 4 money. The contract to change and to include Japanese Yen, the UK, and Switzerland and the Euro. Those transactions are highly successful people focus on the number of investment restrictions. The beginners Forex usually 1 to focus on money and then combine from 1 to 3 in active trading.
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As the trend (Trendiness): In 1 time history, currency has confirmed the trend is important. Each money has "character" of its own and made only 1 trend, regardless of the transaction opportunities in diverse market characteristics Forex.

All orders must be placed through the floor transactions. For currency transactions you need 1 floor trading Forex currency. Most companies dealing with the requirements of deposit accounts vary. You need to ask them the requirements of deposit account if you want to join monetary transactions through the floor of their transactions.

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Tips in forex I like best

# No one stronger market
# Transactions based on market trends instead of just focusing determine the highest point and the lowest price
# There are at least 3 trends of the market: the trend to increase, decrease trend and the trend is stable. You must have a separate strategy for each trend.
# Dung outside markets is also a 1 in the strategic needs of you.
# Buy quickly sell quickly when the market tends up or down.
# A signal to buy end with a sells signs and vice versa.
# Analysis of the failure of you and to draw lessons from it. All your lessons are expensive price, and you have to pay for it.
# Use the principles of money management.
# No transactions of loading and unloading, must have a plan
# Never leave your account must be in touch "margin call"
# Transaction model Pattern: revesal model, a model Exhaustion, and models breakaway always appear. Learning how to see the model in all transactions.
# KISS - Keep It Simple Stupid, more complex does not mean better but vice versa.
# Buy according rumored, sold by information "Buy The rumor, sell the news".
# Time is the decisive factor in currency transactions.
# Strategy "buy and hold" does not exist in the forex market.
# Always have 2 accounts. 1 My Item real and 1 virtual account. The study will not stop
# Analysis basic research causes of changes in the market, while technical analysis assessing the impact of the fluctuations that.
# In foreign exchange transactions, 4 points need to create a new model triangle (Triangle). Remember that 2 points to determine the direction of 1 cent.
# Road average (The Moving Average) is the only market that follow, not lead the market. It is not appreciated and only react to market. Only average for me know the starting point of a trend, but only after the trends that took place.
Cat # lose reduce losses is very difficult for the transaction. The ability to cut holes to lose the right skills are on the investors wire experience.
# Models is great concern because it is very common: Start Vai, 2 peak, Gap, Co, Gay support, can overcome, Triangle.
# Elliot Wave Theory - 1 trend, including 5-step waves is 1 han long trend
# Elliot Wave Theory - Quantity waves depend on the chain Finobacci
# Elliot Wave Theory - the market can not lower the bottom of the 4th wave.
# Elliot Wave Theory - Step 4 is not the wave lan waves through step 1.
# Support and resistance most efficient tool to identify and point to the market. To use the tools cogn block holes, chart support and protect important one.
# One of the industries affected most by USD is gold market. Prices of gold and USD often changes in the rate of one another.
# Dong Yen sensitive to changes in prices and the impact of market raw materials.
# The national production (Canada, Australia, N. Zealand) depends a lot on Japan than other countries.
# Dong Yen sensitive to forecast the Nikkei index, the Securities and Japanese real estate market.
# Dong money GBP (UK $) is managed in London will often be dropped reduction in U.S. markets, and sold small drops in Asia. Therefore, in New York, the banks stopped the price of lunch in the middle of GDB.
# Market transactions of the world’s largest London is occupied 32% of total market, New York with 18% and 8% with Tokyo. Followed by Singapore with 7%, 5% for Germany and Switzerland, France, Hong Kong accounted for 4% each country
# Do not use the market to meet demand đùa your pleasure.

Start with Forex - Part 1

Forex is an abbreviation for "Foreign Exchange" also called "FOREX" or "Cash FX (FX Spot) or the" Cash "(Spot) is a market-in-hand to foreign currency-largest -World. Flowers-in period, average per day to about 30 billion dollars (30 billion) purchase exchange-change-on-entry of the New York Stock Exchange, but if so-match we will see this number still no larger than about the thousands of under 3 billion (3 trillion) buying and selling exchange-currency-exchange across the World-World (Foreign Exchange Currencies). The so-match was for us to see the Forex market-how great!

We then imagine a simple Forex, such as when we go to tourism-calendar or a European country that we need to change from-conversion of foreign-currency of the countries of our foreign -currency country’s local, so easy for us to-use. Forex is the "foreign-exchange currency" such that, just as our other hand-on the computer, we do not need to go where all! The more we exchange foreign currency to make profits not the money to drink.

A good-more like, for example-we are U.S. $ 100 (money-currency-term U.S.). We used U.S. $ 100 to change the money into Yen (money-currency of Japan).

-For example: * At the time 12:00 AM-points 10 months 06 days in 2007, U.S. $ 100 required to change the 12,362 Japanese Yen (U.S. $ 1 = 123.62 Japanese Yen). After the rules-change complete, we now no longer-at U.S. $ 100 in the bag again, we are 12,362 Japanese Yen.

* Then, at 12:00 AM 30 months 12, 2007, we used the 12,362 Japanese Yen are to change back into the USD. At this time because the value of the USD value is lost, so the rules-change against USD, from 12,362 Japanese Yen, we are to change the U.S. $ 122.00 (because at this rate 1USD = only change is 101.32 Japanese Yen ). So as we are a U.S. $ 22. (122 USD - 100 USD = 22 USD).

Start with Forex - Part 2

The reasons for FOREX market is always more popular stock market and increasingly more investors to more areas FOREX:

- FOREX markets operate 24 hours a day So with only 7 ½ hours in Stock Market

- In the FOREX market, no one can control the market.

- In the FOREX market, no money fee (Commission Fees).

- In the FOREX market, you will easily Short (Sell) than the Stock Market

- In the FOREX market, no-love for you to have minimum capital is how much the account can be purchase per day (Day Trader). Compared to the stock market (stock market) you must always have a minimum of U.S. $ 25,000 in the account, the new sales per day (Day Trader).

- In the FOREX market, you can open an account giả (Demo Account) for the purchase, before opening a real account (Real Account).

- Lever rate deposits [leverage] In foreign exchange market, with a small deposit you can make transactions with a value greater than many times. Application you will need to gain significant profits, while minimizing the financial risk. For example, the foreign currency brokers can provide you with lever 1:100, meaning that you only need to take is U.S. $ 1000 can buy or sell foreign currency worth U.S. $ 100,000. Similarly to U.S. $ 5000 account transactions is U.S. $ 500,000. However, the need is the double-edged. If you do not effectively prevent risks, the proportion of the growing weight can cause damage as much as how it could bring profits.

- City high Item: As foreign exchange markets are very large scale, so the bar very high account. This means that the conditions in transactions generally, just one click you can immediately make purchases and sales as you like. You will not be congestion transactions. Even, you can install the online transactions allow end automatically when the transaction reaches the level desired profit [Order limited interest] or when the transaction that caused unfavorable for you [order to prevent block holes].

- Transaction small and super small: the idea that you start conducting monetary transactions will take a lot of costs. Integration is actually not so, if compared to the stock purchase. The transaction broker currency trading provides transaction account with a minimum U.S. $ 300 or less. Although we do not recommend that you start an account with the minimum but it allows investors less money, without much capital can access the currency markets.