Saturday, May 31, 2008

Training to gain experience and skill.

God willing, we will begin a series of lessons can be branded Chorus must learn the practical implementation of each lesson and trained at the expense of getting experience and skill, but how I will explain to you.
Companies now operate under the system Demo Account , or the expense of a trial that you will not pay any thing if you were trading in the market and win money or lose, you'll find yourself in this way gaining experience and skill will not be afraid, and you trade because you will not lose anything, but you follow the lessons and apply them and choose how far the company that Begins with this account and why each company calculated Vadim will say to you in the next lesson to any company begins and why this company in particular.

How to deal with currency.

Will learn this lesson in how to read the currency and how to deal with it.
The lesson we have in the past that there are five main currency traders who are dealing with:
1 - USD: the U.S. dollar and
2 - EUR: The euro
3 - GBP: Pound sterling
4 - JPY: Japanese yen and
5 - CHF: Swiss franc and the
The currency is writing this way.
EUR / USD = 1.8
The currency symbol, which placed first in the formula called the base currency.
The price is the amount owed from the second currency for one unit of currency basis.
This means that to get the euro must pay 1.8 thousand million U.S. dollars.
The currency is writing this way.
GBP / USD = 1.90 if we are required to pay U.S. $ 1 and ninety cents for the purchase of 1 pound sterling.
EUR / USD = 1.80 and here are required to pay 1.8 dollars for the purchase of 1 euro.
USD / JPY = 103 As we stated that we pay the second currency to buy the currency if the base here are required to pay 103 yen to buy $ 1 or $ 1 payment for the purchase of 103 Japanese Yen.
USD / CHF = 1.02 and here are required to pay 1.02 Swiss Frank Willing to $ 1.

Moreover, write currency in this bearing in the deliberation
EURUSD = 1.5894
The deal means that the point of purchase 1 euro will be paid $ 1 and 84 cents and 94 points.
The points of the third and fourth digits, such as 1.8845 points here except the Japanese yen 45 points bits are the first and second after the interval (.) Example:
USDJPY = 103.22 points here are 22 no comma after the first two digits
And called on the currency symbol write code before the U.S. dollar currencies such as direct pound sterling and the euro.
And called on currencies, which writes symbol after symbol of the U.S. dollar currencies such as direct third-Japanese yen and Swiss Euphrates.

I would be technically and thank God we meet in the next lesson, God willing

Major currencies.

There are five main currencies are traded in by 80%
1 - USD: U.S. Dollar
2 - EUR: Euro
3 - GBP: Pound sterling
4 - JPY: Japanese Yen
5 - CHF: Swiss franc

USD and are traded through the U.S. dollar.
Where they are buying and selling other currencies against the U.S. dollar
That is, when you want to get the sale done on the dollar and buy his work are paid when the U.S. dollar
The circulation of such as currencies most of the large demand around the world
The demand for the currencies of the five previous high, more than any other currency
The currency is writing this way.
EUR / USD = 1.8
The currency symbol, which placed first in the formula called the base currency.
The price is the amount owed from the second currency for one unit of currency basis.
This means that to get the euro must pay 1.8 U.S. dollars and will talk more in this topic in next to God

Other currencies

In addition to the former currency you can buy and sell other currencies such as:
CAD: Canadian dollar
AUD: Australian dollar
The common currency among all previous U.S. dollar as you buy and sell any currency against the U.S. dollar
But you have to wonder should I pay the U.S. dollar in every once bought his work and get it done when I sell
Answer: No
CHF / JPY and you can buy franc and paid interview Yen
So you can buy any currency against any other currency without the need for the U.S. dollar.
Called the currency to be bought or sold against other currencies-U.S. dollar currencies hybrid (CROSES).
The most famous hybrid which currencies are traded in the currency market are:
Euro against the pound sterling EUR / GBP.
Euro against the Japanese yen, EUR / JPY.
Euro against the Swiss franc EUR / CHF.
Pound sterling against the Japanese yen GBP / JPY.
Pound sterling against the Swiss franc GBP / CHF.
But as we mentioned earlier, the vast majority of traders are focusing on the sale and purchase of four major currencies in the first place, and there are those who prefer dealing in currency trading in certain hybrid.
But for beginners they must focus only on major currencies