Starting Forex for Free with Marketiva

Register a free forex trading account at Marketiva first, we automatically give in capital $ 5 real money free, afterwards Go to Deal Quote Marketiva through Streamster program that you download to your computer. Enter your username and password.

Note : the difference in price Bid and Offer, the price difference is called the "Spread". Spread GBP / USD at Marketiva current 4 point difference. That means you need four points that your transaction Break Event (return of capital). Value is in the "Forex Rate this sometimes can change color between red and green. Color red numbers mean values ​​are down and green means prices are rising value.

Forex Trading Risks

A beginner trader stands more chances of losing his money to online Forex trading risks, more than the risk of losing his money to inadequate trading. While some of these trades directly relate to incompetent trading platforms and poor internet connectivity which can be controlled to some degree by the trader himself, yet most of these risks are simply beyond human control. At the top of the list of these risks is the beginners’ unawareness of the regulatory environment.

While regulatory authorities make it mandatory for every broker to first register themselves with it before commencing their operations, yet 90% brokers go without this registration and open an office in some under-developed country Like Nigeria or Congo or Somalia where there’s no one to question them, Impeach them. They obviously have their means of luring some traders, who finally learn it the hard way that they don’t have to blindly follow a broker website. Of course, they learn it after losing all their money to these broker’s unethical practices like stop-loss hunting and trades manipulations. Since the brokers are remotely located with no real existence of any physical office as such, so you don’t know where to go and break whose bones and thus the main online Forex trading risks, trading with a fake broker.

How to Choose Forex Broker

How to choose the best Forex broker is the question that any new Forex trader asking. The following post summarize the parameters you need to check in order to choose the best Forex trading broker.

•  Check That the Broker is authorized and regulated – reliable broker must be authorized and regulated by leading regulation bodies like: NFA, FSA and CFTC. choosing Authorized broker means that your money is protected.
• Easy to use trading platform – check that the broker suggesting easy to use forex trading platform. The platform should be simple and intuitive. The following tips will help you choosing Good Forex trading platform
• Support and Customer service – Support is highly important and key factor when choosing Forex broker. It’s important to check broker support before trading on real money. My advice is to open demo account and ask the support few questions in order to check their response time and their overall quality of support.

==> For Beginners <==

How to choose Call Center Software

There are a lot call center software out in the market. Many company are difficult to choose  the call center software that fitting with his business. There are many criteria that can help you to choose. Consider options for tracking, management and ease of use before choosing the one that’s right for your business.

1. Tracking
• Tracking your calls and engagements is critical to maintaining a successful customer service center. Customers want to be heard, understood and treated as though you’re friends with them. Being able to track previous conversations, interactions, purchasing history and more will make this possible for your agents.
• Previous calls – You should be able to reference previous phone calls for better customer interaction and understanding.
• Previous engagements – You want to be able to reference previous conversations via Facebook, Twitter, email, etc. to give a sense of familiarity.

Email Marketing Software

Email Marketing can help the organization to make a new market from Email and social media.  There are many criteria that can help you to choose Email Marketing Software. Nowadays, many software that can supported Email Marketing. One of it is IContact. IContact deliver an industry-leading email and social media marketing solution. IContact is easy to learn. You can sign up in their website http://www.icontact.com/ and just following the steps. So why we choose IContact for our email marketing software?

What is ERP?

Many people who still new to the world of IT doesn't know what is ERP. ERP(Enterprise Resources Planning) are systems that integrate internal and external management information across an entire organization, embracing finance/accounting, manufacturing, sales and service, customer relationship management, etc. ERP systems automate this activity with an integrated software application. The purpose of ERP is to facilitate the flow of information between all business functions inside the boundaries of the organization and manage the connections to outside stakeholders(Wikipedia).

Many Open Sources Software is support ERP nowadays. If it implemented well, the company will certainly benefit, effectiveness, and efficiency. So why many company still afraid to implemented ERP?

ERP Solution Software (ADempiere)

There are many software that support ERP. For Example (from en.wikipedia) :
(Open Sources)

• A1 ERP
• Worldwide
• Adaxa Suite
• Adempiere

Why use Forex Trading Tools

These are STOP and LIMIT. For a previously opened position an instruction may be entered at any moment (during the working days) to close it, if the rate reaches a preset level. For example, you have opened a position expecting the rate to go up (on the chart). To protect yourself from significant losses if the rate moves down, especially in such a situation when you don’t have or are about to lose control of the market, you should enter a STOP, that is set a price at below its current value at which your position should be closed with no further instructions. Similarly, if you have opened a down position, then you should specify a price above its current value. In this case you should bear in mind that if the STOP is set too closely to the current rate value, then a random rate fluctuation may close a correctly open position at a loss, but if it is set too far, then the losses could become unreasonably high. LIMIT is a rate value that you set at which the position should be closed with a profit, that is the value of the LIMIT should always be above the current level, if you play long, and below it, if you play short. It should be noted that STOP and LIMIT should differ by more than 20 points from the current values of BID or ASK (in accordance with what side of the market you play and which of these tools you use).

A few more words about the differences between operations and service in a training and a real trading accounts.

In the quoting mode of a training account real quoting does not occur, and the offered price corresponds to slightly modified BID/ASK ratio (depending on whether you play long or short). Naturally, with a real account the offered price does not usually coincide with the value of BID/ASK (the difference is 1-2-3 points in a calm market, more often than not it’s not in your favor).

The time lag between a rate inquiry and the receipt of a quotation (about 10 s) in a training account simulates the real-life lag rather well (usually 40-50 s, sometimes longer). It should be kept in mind, though, that the quoted rate is equal to the rate at the moment of quoting, rather than the moment of inquiry.

The rest of dealing with real and training accounts is essentially the same (disregarding the financial side).

Technical Analysis and Fundamental Analysis on Forex

As the article before that explained the Aspect of Forex Trading, The traders make decisions using two analysis namely Technical Analysis and Fundamental Analysis. 

Technical Analysis using many forecasting method such charts, trend lines, indicators such as moving averages, Moving Average Convergence Divergence (MACD), Relative Strength Index (RSI), Bolinger Band, Fibbonaci, Camarilla, Pivot point, pattern / candlestick patterns and mathematical analysis others to study market opportunities.

Fundamental Analysis predict price movements by translating various information on economic conditions, including news, reports and policies issued by the government, and rumors.

Technical Analysis vs Fundamental Analysis 
Let us go back to the basics of forex trading. What causes the price movement?
The answer is: Expectations and speculation from the market. News isn’t the cause of price movements. On the other hand, the indicator / mathematical calculation isn’t driving the price. 

In Technical Analysis, when a trader based on the graph, for example, the trend line and the MACDI(Moving Average Convergence Divergence) line has shown that the price has broken through the line of the trend line and the MACD lines have intersections. And then when prices go up, this does not mean that the pattern of the indicators that led to the movement of the price! But because many traders perpatokan on these lines. At that time, they did the same thing (buying / LONG) according to the theory of the indicator concerned. This is what causes the price really go up according to predictions of the indicator. The indicator is a follower and not as the cause of price movements.

In Fundamental Analysis, a drastic price movements occur when there are events that are not unexpected. It could be an increase / decrease in interest rates from the central bank, to political events or wars. An example is the events of 9/11(were a series of four coordinated suicide attacks upon US). When the events of 9/11 occurred, rate USD weakened because everyone expected the event will greatly affect the U.S. so most likely USD weakened. This incident led many market participants to sell USD. Impact USD rate actually dropped dramatically.

Tips for traders

For those of you who use Technical Analysis, the tips that we provide are only use common indicators that are widely used by traders and trade only when there is no important economic news.
For those of you who use fundamental analysis, the tips that we provide are patience, discipline, trade only when there are important economic news and make sure the time / clock you use is really appropriate.

Five Aspect of Forex

Before we learn how to play on Trading Forex, it is better if we learn the basics first. There are five aspect of forex for the trader :

Forex Fundamental Analysis

Fundamental analysis is the process of market analysis which is done regarding only “real” events and macroeconomic data which is related to the traded currencies. Fundamental analysis is used not only in Forex but can be a part of any financial planning or forecasting. Concepts that are part of Forex fundamental analysis: overnight interest rates, central banks meetings and decisions, any macroeconomic news, global industrial, economical, political and weather news. Fundamental analysis is the most natural way of making Forex market forecasts. In theory, it alone should work perfectly, but in practice it is often used in pair with technical analysis.

Forex Technical Analysis

Technical analysis is the process of market analysis that relies only on market data numbers – quotes, charts, simple and complex indicators, volume of supply and demand, past market data, etc. The main idea behind Forex technical analysis is the postulate of functional dependence of the future market technical data on the past market technical data. As well as with fundamental analysis, technical analysis is believed to be self-sufficient and you can use only it to successfully trade Forex. In practice, both analysis methods are used.

Forex Trading Psychology

While learning a lot about market analysis and money management is an obvious and necessary step to be a successful Forex trader, you also need to master your emotions to keep your trading performance under strict control of mind and intuition. Controlling your emotions in Forex trading is often abalancing between greed and cautiousness. Almost any known psychology practices and techniques can work for Forex traders to help them keep to their trading strategies rather to their spontaneous emotions.

Money Management in Forex

Even if you master every possible method of market analysis and will make very accurate predictions for future Forex market behavior, you won’t make any money without a proper money management strategy. Money management in Forex (as well as in other financial markets) is a complex set of rules which you develop to fit your own trading style and amount of money you have for trading. Money management plays very important role in getting profits out of Forex.

Forex Brokerage

Every Forex trader like any other professional needs tools to trade. One of these tools, which is vital to be in market, is a Forex broker and specifically for Internet - on-line Forex broker - a company which will provide real-time market information to trader and bring his orders to Forex market. While choosing a right Forex broker things to look for are the following:

• Being a professional company you can trust
• Provide you with real-time quotes
• Execute your orders fast and accurately
• Don’t take a lot of commissions
• Support the withdraw/deposit methods that you can use

For beginning Forex traders I recommend these four brokerage companies that are probably the best Forex brokers to start with:

• RoboForex — one of the most popular and progressive brokers with MetaTrader platform and comfortable trading conditions for all kind of traders.
• InstaForex — a reputable MetaTrader 4 brokers, allows Islamic Forex trading accounts, while you can deposit and withdraw money via WebMoney.
• EXNESS — good because you can start trading Forex with as little as 100$, use MetaTrader 4 and MetaTrader 5 platforms and the dozen of various deposit and withdraw methods, including WebMoney, Moneybookers and wire transfer.
• Forex4you — broker that supports MetaTrader Forex trading platform and does not require a lot of money to start with. You can open a cent account with just $1.

When i first learn forex, i use forex4you. It is good for the beginner.

Forex Words

When we speak about forex, there are many words which is important to know. Here are some words that forex trader usually use :

• High : The record for the highest opening (open) to the end (closing) period. (example: the chart period / timeframe of 5 minutes, then the highest price during the 5 minutes it is a high price)
• Low : Records Lowest Price of the opening (open) to the end (closing) period. (example: the chart period / daily timeframe, the lowest price that occurred during the day it is a low price)
• Open: for the opening period. (example: the chart period / timeframe of 5 minutes, the price starts at a price of 2.0000. then open price in the range of 5 minutes it was 2.0000)
• Close: The closing price period. (example: the chart period / timeframe of 5 minutes in the example above ends with the price of 2.0050. then close price in the range of 5 minutes is 2.0050)
• Long position or  open Buy is the position in which a trader buys a currency at a specified price and aims to sell it later at a more tinggi.Jadi investor to benefit from a rising market (graph pair up). Suppose you buy in a position to sell at 1.1500 then 1.1525 then you will benefit as many as 25 points / pips.
• Long position or  open Buy is expecting prices of currency pairs (pair) in order to profit Up. (Graph pair up) Example: Long (BUY) EUR / USD chart then you expect EUR / USD is UP or euro strengthened against the USD.
• The rise in the price of a pair you can also interpret the currency pair is in front currencies strengthened against the rear pair. Example: Graphs price Pair eur / usd will mean RIDE euro strengthened against the usd.
• The price used to Open BUY / LONG is the purchase price (ASK) and the prices used when you close / liquid is selling price (BID). When we open Buy (Long) with ASK, theBID price of the table should be HIGHER than for ASK (Buy position open price) in order to gain profit.
• For ease, LONG position often abbreviated to BUY
• SELL position  or open SHORT is the position in which the trader sells a currency at a specified price and aims to buy later at a lower. So the investor to benefit from a down market (graph pair down).
• SELL position  or open SHORT is expecting prices of currency pairs (pair) in order to profit DOWN. Example: Short (SELL) EUR / USD then you expect the graph EUR / USD is DOWN or the euro weakened against the USD.
• The fall in the price of a pair you can also interpret the currency pair weakened in FRONTof the currency pair behind it. Example: Graphs price Pair eur / usd euro weakenedDOWN it means to usd.
• The price used to OPEN SELL / SHORT is the selling price (BID) and the prices used when you close / liquid is the purchase price (ASK).
• If we are Selling (Long) with Bid, Ask Price at the table then the price should be LOWER than Price Bid (the open position) in order to get profit
• For ease,SHORT position often abbreviated to SELL

Forecasting on Forex Trading

Before you read this article, Please read What is Forex Trading  if you are new on Forex Trading. Your chance to success in Forex Trading is greatly helped by the presence of an article about forex in the internet. much better if you have a mentor on your side. If you do not have a mentor, and want to learn autodidact, make sure you are people who want to learn. Forex Trading can only be succeed if you want to learn and are not easily discouraged.

Forecasting Forex use Matemathic method:

Statistics approach is used because it can estimate the trend of price movements using past data. Is data the past can provide predictions accurate enough chances movement? The answer is yes, as long as there is no fundamental news trading a big impact. When approaching important news announcements associated with a single currency, there are times when technical analysis is not accurate.

Why? Keep in mind that forex market players are generally divided into 2 large traders and retail. Traders are large financial institutions, banks, or the big boys who have very large capital (in total hold around 80% of funds from the market). Trader retail trader is small but holds a huge amount of funds only about 20% of the funds from the market. Since currency prices are influenced by supply and demand laws of economics, the role of the trader is able to move the price as they do heavy trading. This is what makes trading more accurate fundamental news announcements while approaching the economy, and when the effect of the news began to fade, technical trading takes over.

Trade the News Method

We as a small trader can gain profit if you follow the trend of big players. Some traders even have access to information behind the line of people in the big traders when making transactions. Traders who do not have access to this kind usually use fast execution trading platform to enter the market shortly after the news was announced. This technique is called “trade the news”. The weakness of this technique is the need of information from news sources that can provide information on the results of the news is very FAST, for example, a few seconds before the general public receives the same information so that news traders to enter the market before the price movement occurs. Service information quickly news of this kind cost hundreds to thousands of dollars per month (Reuters, Bloomberg, etc.). It also needed a quick response and trader of high risk when the market moves against the trader’s position.

Trader retail trading is usually done with the help of a technical indicator which uses Statistics and Mathematical calculations, even with the support of behavioral psychology. When appropriate in a technical trade is when the market tend to be quiet and no important news.

FactForex-What is Forex?

From Wikipedia :

The foreign exchange market (forex, FX, or currency market) is a form of exchange for the global decentralized trading of international currencies. Financial centers around the world function as anchors of trading between a wide range of different types of buyers and sellers around the clock, with the exception of weekends

So What is Currencies :

Currencies are traded against one another. Each pair of currencies thus constitutes an individual product and is traditionally noted XXX/YYY, where YYY is the ISO 4217 international three-letter code of the currency into which the price of one unit of XXX currency is expressed. For instance, EUR/USD is the price of the euro expressed in US dollars, as in 1 euro = 1.31 dollar.(14 December 2012)

How we Can earn from Forex :

The general public only knew in passing that it is almost impossible to make money in the forex business because 95% of new traders in the forex business loss. Some even branded the forex trading that includes gambling. Why is formed opinions like this? This is due to many traders that without enough knowledge to trade blindly and without proper analysis. They trade on the basis of feeling, a nonsensical analysis techniques, etc.. Worse, many fund managers who manage client funds that act like this because they feel that the funds they manage are not its own.

In making money online from forex trading, of course, we should consider the risk factors. Only with experience, knowledge of the market mechanism, and adequate risk management, then a trader will be able to achieve success in forex business world and limit the risk to a minimum. Without sufficient knowledge and experience, forex will only be a dangerous path and a full of sharp coral.

Knowing the Forex Word :
There are many word that trader use. Click here to see the Forex Trader words.