As Yorren Baffet in one of his books: "If you play Black Jack in half an hour and no idea who loses, then you lose." It follows that the trader must know how to operate forex brokers and Dealing Centre (DC), which go from losing money, and whose pockets the profit is paid.
There is a popular view that the broker earns in damages traders.
How are really - read below. Broker at the forex transaction overrides customers in the interbank foreign exchange market. Currently, the conditions of many brokerage firms, brokers centers, allow trade with a slight funds in the account (even from a few cents). Obviously this will not be shown on the Fixed and therefore forex broker displays aggregate position. Assume overall volume traders positions on GBP / USD equals 80 lots, of which fifty-long (on the purchase) and thirty-short (for sale). The dealer sells 20 lots. Now position balanced: 50 contracts buy, sell 50. 30 positions offset by traders themselves as traders inside the company, 20 from another broker. Mat. at the Interbank, the broker earns in a spread and percent from deal regardless trader loses or wins.
If you believe in statistics, more than 90% of traders lose money on forex lose, it follows that spreads apart, in the forex broker will receive 100% merged depot (except overlain) minus 5-10% winners. In other words broker is a kind of exchange. The only risk - not bridged position traders. Otherwise statistics on the side of the broker. Trader also can use a statistical advantage on the basis of fundamental and technical indicators. A good statistics, market fluctuations can be found in Linda Raschke Secrets of Stock.
On the opposite side of the transaction is always a trader in forex trading like you. Remember that! Then disappear unnecessary in this business sense. I hope this article has helped some of the features beginner trade on the forex.
Education forex
Forex broker hold training courses and seminars, as well as toll-free. These courses are rather exploratory in nature. In fact, the learning process takes a long time and to achieve positive results, you may need more than one year.
Trading on the forex market requires dedication, patience, a high concentration.
To achieve success in forex need to be constantly present in the market - to monitor the situation in the global economy, seek and find technical and fundamental law of nature. For self-study encouraged to read books from the section Recommended readings. And also to visit the site the following sections:
The trade advantage
Managed Funds
Analysis of Markets
Terms brokers.
When selecting a broker trader must draw attention to the following points: reliability broker (reviews in the media, the Internet, work duration), the terms of trade.
Here are the terms of brokers, which may suit, both beginner and experienced traders already:
1. Starters deposit of $ 1
2. The minimum volume of transactions 0.01 lot. (Risk Management)
3. A wide selection of traded instruments.
4. Conveyance is online. Instant input and output means *.
5. The fastest news.
Find a company that combined all the best qualities of difficult, so the best solution would be faithful to the opening of accounts with different brokers.
This gives following advantages:
1) The possibility in the event of failure of communication, at the right time to open a position.
2) Diversification funds. Because of bankruptcy or 100%, the company is insured. Evaluate the quality of services can be opened trading accounts in these companies, or visit the specialized sections of forex forums and ask questions.
* The withdrawal within 12 hours.
Getting started:
1.Download trading platform and install for work on forex market.
2.File program, choose - to open account
3. After filling in the form of personal data, you will receive a login and password to access the demo account.
4.Dlya opening a real account, fill in the registration form on the site LiteForex
5. Sign the contract for the implementation of arbitrage and read the rules. After replenish the account, you will be sent by mail ID and password for access to real account.
Terms of transaction:
All payments between broker and trader are made through a bank or WebBuilder electronic payments WM (for the mobile phone WM Keeper Mobile)
During the operation with one contract, the broker reserve some money, depending on the traded instrument, but no more than 10% of its value. Example: stock price QQQ (Nasdaq index) = 50 $, for the one lot mikrokontrakta 0.01 $ 10 deposit required. The remaining $ 40 will make a loan broker to forex. Over granted credit commission charged to the customer's account by about 0.05 of the total value of the contract. In this case, the broker commission of $ 0.25. Using $ 10 of its funds, a trader operates in the market amounts exceeding his expense 5 times! Detailed specifications instruments look here.
On the currency pair bonds and commodity futures considerably lower.
To reserve funds for the same transaction, a sum of the ratio of 1 / 100. Ie having to account for example $ 100, you can enter into a transaction valued at $ 10000. Volume of your operation depends on the amount in your account brokerages, as well as selected volume of transactions in a box LiteForex(from 0.01 to virtually unlimited)