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How to quickly learn Forex for beginners Broadly speaking, forex trading is a way to benefit from buying and selling currencies that are done online. By depositing a number of funds to a forex company (forex broker) you can trade currencies using the metatrader (MT4) application. In this forex trading you can use two analyzes to determine the direction of currency price movements, namely to analyze technically and fundamentally. Well, in this article there are 19 important points that will be divided into two subject matter namely the basic theory of forex trading followed by trading practice. Keep in mind, you don't need to spend funds to do this forex trading simulation. No capital, no money, all free! How to quickly learn Forex for beginners The easiest way to learn Forex BASIC THEORY OF FOREX TRADING BASICS. 1. Definition of forex, forex traders and Forex trading. Forex is the exchange of one currency with another. In Indonesian forex is also referred to as Foreign Exchange (Fo

Still confused about how to read candlesticks? Let's learn candlestick forex again so that our trading results are better. Candlestick is a type of chart that is widely used by traders because in addition to displaying a form that is pleasing to the eye also because the information displayed by the candlestick is quite clear and complete. For beginner traders, usually passionate even busy memorizing the shape and name of the candlestick and its function to determine the direction of the next graph, information that requires you to know the name and shape of the candlestick is indeed not wrong. But also not too true, because with the many forms and names of candlesticks, of course memorizing will be very difficult. Especially for prospective traders whose age is quite advanced, it is certainly not easy to do that. So, what is the best way to understand candlesticks? key candlestick How to understand the candlestick is to read the shape of the candle to find out what power is masteri

Instantly Elliot Wave is a theory created by Nelson Elliot's Ralp which states that chaotic market behavior can still be predicted, the market moves in the formation of a wave that occurs repeatedly. This is because every trader almost always responds in the same way to the same event. During trend conditions, market movements will form 5 waves and 3 corrections. Example of a rising trend: Wave 1: Prices start moving up, this happens because some traders feel it's time to buy, or it's time to return prices. Wave 2: The market starts to saturate and some traders take profit taking so that the price has dropped, but it does not reach the lowest point. Wave 3: Price moves long, because other traders begin to realize that there is a trend, so that they are riding the trend. 4th Wave: Prices are back down because some traders are taking profit taking actions because they think the price is too high and will reverse direction. 5th Wave: Prices go up again because some traders see

Did you know that the first currency exchange rate trend is a flat trend? This refers to the history of currency exchange rates governed by the Bretton Woods agreement in 1944 which was attended by 92 countries on British and American initiatives. In essence, the Bretton Woods agreement introduced a fixed exchange rate system and the formation of financial institutions that regulate the stability of the world economy, one of which is the IMF. Where one of the provisions of the law stipulates that each member of the IMF must comply with: - Hard currency or strong currency must be associated with a certain amount of gold. In other words the issuance of hard currency must be guaranteed with gold reserves. For example, US dollars, to create $ 35 worth of Federal Reserve Bank (Central Bank of America) must back up with gold worth 1 ounce or 28,3496 grams. Currencies that include hard currency are US dollars, Euros, Pounds Sterling, Swiss francs and Japanese yen. - Soft currency or weak curr

Bitcoin Trading VS Forex Trading What is bitcoin? Bitcoin is a cripto type of currency (cryptocurrency) which when it is started is widely used for online transactions and trading. The history of bitcoin (from several sources), was discovered by Satoshi Nakamoto in 2009 but it seems that it has only begun to be widely used and traded since 2011. At first Bitcoin emerged as a payment tool to cover the weaknesses of the existing electric payment instruments, where Bitcoin offers advantages in the form of: - transaction costs are very small, almost none - faster delivery process - Anonymous (no need for owner's identity) - High security Why is Bitcoin attractive? 1. Modernization of payment methods Before the presence of bitcoin, if we want to have an online currency we have to do several stages of account verification, so it seems complicated. Whereas having Bitcoin is not necessary. Bitcoin is considered easier and shorter to use for payment. With this "anonymous" nature,

SUPPORT & RESISTANCE Support is a price level where there is usually a selling pressure that is offset by a purchase, so the price reverses direction. Support is formed by describing a line connecting at least 2 (two) parallel lows. Resistance is a price level where usually buying pressure is offset by an increase in sales, so that price increases can be restrained, even turning backwards. Resistance is formed by describing a minimum of 2 (two highs that are parallel). support A support line that changes function into a resistance line is called the base line or a foothold line. Likewise, the opposite line of resistance that switches functions so support is called the base line. This base line serves as a platform for the market to move further. the limit of 3M the next forex learning material is Elliot Wave

Want to know what is the importance of liberty reserve in trading? Have you ever felt confusion or difficulty doing online transactions such as deposit or withdrawal? If yes, it's time you have a liberty reserve account. By having a liberty reserve account you have the freedom to make transactions online anywhere because almost all online merchants including forex brokers provide payment methods including deposits and withdrawals through liberty reserve. So it's a distinct advantage if you have a liberty reserve account, which is the freedom to transact online. In addition to the free registration, the transaction costs with liberty reserve are very small, which is only $ 0.01 to $ 2.99. In addition, the need to pay attention is the speed of the transaction process itself. The liberty reserve transaction is processed immediately, really fast without having to wait long. To fill your liberty balance, you can buy the liberty balance from the exchanger. Likewise to withdraw your l

"The forex business prints more and faster money than any type of business if you have found a way" by Edi Marsel What are the advantages of forex compared to other businesses? The following are some of the advantages of forex trading compared to other businesses Become a Boss for yourself Trading can be done by individuals, does not need the help of others, you work for yourself, there is no boss to obey and no worries about losing your job. Not limited to places and regions Because it uses an internet connection, you can trade from anywhere as long as there is a signal to connect to the internet. Not time bound The forex market is open 24 hours a day, so you can trade whenever you want. Unlimited profit potential In a shorter period of time forex trading can provide greater profits than other businesses. As long as you are able to make that profit, nothing limits it. Low capital To be able to trade or forex betting, the capital needed is relatively small. Enough Rp. 1 milli

There are many ways to learn forex trading. You can take part in training or seminars that are held in big cities, browsing forex learning sites on the internet, or playing forex game apps on android. However, there are also alternatives to learning forex by making a reliable trading system. Creating a reliable trading system requires a process of repeated testing where together with that, many things can be learned. Basically, learning forex by creating a system like this can be called "learning by doing". The advantage of learning forex trading like this is that you will find it easier to know when it's ready to "launch" your trading career. When is that? Yes, when a trading system is made it has been proven to produce profit. Creating a Trading System Terms Before Starting to Learn Forex by Making a System Like going to take an advanced course, then of course there are "prerequisite courses" that must be taken and passed first. In this case, the pre

1. ForexHero ForexHero immediately made me addicted when I first played it. This forex game design is simple but attractive, full-color, and easy to follow. ForexHero is perfect for lay people who want to learn forex trading from scratch, especially for those who are interested in fundamentals. Once entered into the game, players will be treated to 4 menus, namely: School, Quiz, Trend Predictor, and Top 5 Brokers. In the Schools menu, traders will be invited to learn to understand the basics of forex and fundamental issues that affect money market trends. The material in "School" is useful for answering questions in Quiz and Trend Predictor. The "Trend Predictor" menu is a kind of quiz that tests player skills in reading the direction of currency movements during certain fundamental conditions. While the "Top 5 brokers" seem more like a kind of endorse page brokers who sponsor ForexHero games written in the form of reviews. Each menu provides rewards in th