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LEARN FOREX, play on currency market

LEARN FOREX, play on currency marketEdit

Andrzej Jeziorski · 431 user posts · 26 user answers

(Learn) FOREX (foreign exchange) is the biggest market on the world. Here you can read more: <a href='http://en.wikipedia.org/wiki/Foreign_exchange_market'>Foreign exchange market</a>. Learn Forex, how to play the currency market. 
 
I would explain you what it is all about in my way. 
 
<div class='l'><div class='hr1 ar' style='width:300px;'></div></div> 
 
The GAME 
 
FOREX is a game when you play for real money. You pay in deposit, and you play. You can win or loose your money. DO 2000% a day (or more) or / 10% of your capital a day. 
 
Dependent on the technique you play and risk of the investment and LEVERAGE you can win enormous money or loose all. 
 
OK. Let's focus on the game. Take a look on the picture below. 
 
<img src='http://path-of-power.com/i/forex.gif' alt='forex main screen'/> 
 
That is, how it looks the market. You play in that program (MetaTrader4). 
 
RULES 
 
Rules are the simplest. I would say that forex is the most simple game in the world. 
 
Opossite to the stock market you can earn on BUY/SELL [earn on falls and growths] (pairs) currencies. 
Why can it happen? 
 
Let's look at the example. We've got on the picture EUR/USD pair. When the graph goes UP – EURO is stronger. For less euro you can buy more dollars and INVERSE (you buy usd/eur when sell, simple). 
 
If you BUY eur/usd pair, when the graph go UP you earn, inverse – you loose. 
 
OKEY. Enough of theory, let's start to play for real (on demo account). You would learn on the fly. 
 
STEP 1. We open an account (on demo) and let's say we deposit £1 000 on it. 
 
<img src='http://path-of-power.com/i/forex.1.gif' alt='forex step 1 opening account'/> 
 
£1 000 is affordable deposit on the first time, it's not much. 
 
STEP 2. We start to play. 
 
On the need of this article let's say that we predict that the euro would drop it's value to the dollar and we make a SELL. 
 
<img src='http://path-of-power.com/i/forex.2.gif' alt='forex step 2 making a sell'/> 
 
STEP 3. Now we wait. Notice that the red line is a "limit" when we quit the opened position (and leave cutting the loss). 
 
<img src='http://path-of-power.com/i/forex.3.gif' alt='forex step 3 opening transaction'/> 
 
We have done SELL, so we must wait to graph to clarify. We earn when the graph goes BOTTOM. 
 
IDEAL SITUATION which we want to get is like below. 
 
<img src='http://path-of-power.com/i/forex.4.gif' alt='forex step 4 ideal situation'/> 
 
STEP 4. OK, because I need to end this article – 2,3 minutes later (from the SELL step), look. 
 
<img src='http://path-of-power.com/i/forex.5.gif' alt='forex step 3 opening transaction'/> 
 
We CLOSE the transaction. We earned investing ~8.7% (£87.19) of our funds earned ~£12 in 12 minutes! 
 
That's how to learn forex. Stay tuned. 
* NOTICE HOW MINIMALISTIC move has been done on the graph and we invested almost NOTHING. Back to the situation (ideal situation) where you have two circles. Imagine how much you could earn on that situation! Please post on forums what you would like to read. I'm opened.

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(Learn) FOREX (foreign exchange) is the biggest market on the world. Here you can read more: Foreign exchange market. Learn Forex, how to play the currency market.

I would explain you what it is all about in my way.

The GAME

FOREX is a game when you play for real money. You pay in deposit, and you play. You can win or loose your money. DO 2000% a day (or more) or / 10% of your capital a day.

Dependent on the technique you play and risk of the investment and LEVERAGE you can win enormous money or loose all.

OK. Let's focus on the game. Take a look on the picture below.

forex main screen

That is, how it looks the market. You play in that program (MetaTrader4).

RULES

Rules are the simplest. I would say that forex is the most simple game in the world.

Opossite to the stock market you can earn on BUY/SELL [earn on falls and growths] (pairs) currencies.
Why can it happen?

Let's look at the example. We've got on the picture EUR/USD pair. When the graph goes UP – EURO is stronger. For less euro you can buy more dollars and INVERSE (you buy usd/eur when sell, simple).

If you BUY eur/usd pair, when the graph go UP you earn, inverse – you loose.

OKEY. Enough of theory, let's start to play for real (on demo account). You would learn on the fly.

STEP 1. We open an account (on demo) and let's say we deposit £1 000 on it.

forex step 1 opening account

£1 000 is affordable deposit on the first time, it's not much.

STEP 2. We start to play.

On the need of this article let's say that we predict that the euro would drop it's value to the dollar and we make a SELL.

forex step 2 making a sell

STEP 3. Now we wait. Notice that the red line is a "limit" when we quit the opened position (and leave cutting the loss).

forex step 3 opening transaction

We have done SELL, so we must wait to graph to clarify. We earn when the graph goes BOTTOM.

IDEAL SITUATION which we want to get is like below.

forex step 4 ideal situation

STEP 4. OK, because I need to end this article – 2,3 minutes later (from the SELL step), look.

forex step 3 opening transaction

We CLOSE the transaction. We earned investing ~8.7% (£87.19) of our funds earned ~£12 in 12 minutes!

That's how to learn forex. Stay tuned.
* NOTICE HOW MINIMALISTIC move has been done on the graph and we invested almost NOTHING. Back to the situation (ideal situation) where you have two circles. Imagine how much you could earn on that situation! Please post on forums what you would like to read. I'm opened. Edit