HOW TO PLAY FOREX (BASIC)

How do I play that forex trading? The answer is easy. Even with just a few minutes of exercise would have been basically understood. But once again we had an article written in previous articles. That playing the forex is easy, winning a hard only.

Basically playing the forex is predicting a currency pair to rise or fall in value. And confidence of the predictions that we bring into the open position / trade. And in forex there are only 2 types of open positions. Ie
1. BUY / BUY / LONG: RISE pair predicted value
2. SELL / SELL / SHORT: predicted value pair DOWN



In order to more clearly see the illustration below.

1. John signed in position BUY EUR / USD at 1.3000, after a certain time
John SELL (CLOSE) at 1.3064 then Handoko gain 64 pips / points (the smallest unit in forex)
If John SELL (CLOSE) in 1250 then Handoko loss 50 pips

1. He entered the position SELL GBP / USD in 1500, after a certain time
Erik BUY (CLOSE) in the 1400 Erik gain 100 pips / points (the smallest unit in forex)
If Erik BUY (CLOSE) in the 1650 Erik loses 150 pips

Note, if you look in the application:
* Prices are used as OPEN BUY / LONG is the purchase price (ASK) and the prices used when you close / liquid is the selling price (BID).
* Prices are used as OPEN SELL / SHORT is the selling price (BID) and the prices used when you close / liquid is the purchase price (ASK).