Saturday, August 18, 2007

Foreign Currency Trading

Do you know? At least 90% of new Forex traders lose all their money within their first 3 months of trading. This means that they have no idea what the heck they are doing! They just jump into the market blindly with only hopes and dreams and rely on the flip of a coin to determine their success. 90% of Forex traders are uneducated and lack the basic knowledge of how the Forex really works. They rely solely on luck without LEARNING ANY OF THE BASICS AT ALL! And reliable sources suggest that up to 10% of these under- informed Forex traders end up losing their entire trading account!

So do we assume that most losing traders are just ignorant? Of course not. Most losing traders are quite intelligent. In fact, most people who inquire about Forex trading have above average IQ's. So why do they FAIL...? They simply lack the discipline required to learn about how the Forex actually works. They are initially overconfident and consider their quick 5 minute market analysis to be 100% correct. More often than not they are 100% WRONG!

APA ITU PERDAGANGAN FOREX?
FOREX (Foreign Exchange) atau yang lebih dikenal dengan Valuta Asing (Bursa Valas)
merupakan suatu jenis perdagangan/transaksi yang memperdagangkan matawang suatu
negara terhadap matawang negara lainnya yang melibatkan pasaran matawang utama di
dunia selama 24 jam secara berterusan
(lihat trading hours). Dalam perkembangan
sejarahnya, bank central yang dimiliki oleh negara-negara matawang asing yang terbesar sekalipun dapat dikalahkan oleh kekuatan pasar forex yang bebas. Menurut survey BIS (Bank International for Settlement – bank central dunia), yang dilakukan pada akhir tahun 2004, nilai transaksi pasar forex mencapai lebih dari USD$1.4 Trillion sehari. Dengan demikian, prospek pelaburan angan forex adalah sangat bagus. Berdasarkan kepada kecairan dan keaktifan pergerakan harga yang tinggi tersebut, FOREX juga telah menjadi alternatif yang paling popular karena ROI (Return On Investment atau kembalinya nilai pelaburan yang telah kita tanam) serta profit yang akan diperolehi melebihi dari nilai perdagangan pada umumnya (secara purata return berkisar lebih dari 5% - 10% sebulan, malah boleh mencapai lebih dari 100% sebulannya untuk professional trader). Akibat pergerakan yang cepat tersebut, maka FOREX juga berisiko tinggi apabila anda tidak mempunyai pengetahuan yang cukup serta pengaturan dan pengurusan kewangan dengan baik dan bijak. Matawang yang banyak diperdagangkan adalah Dollar Amerika, Poundsterling, Euro, Yen, Franc Swiss, Dollar Australia, Dollar Canada, dan Dollar New Zealand.

BAGAIMANA PERDAGANGAN FOREX DIJALANKAN MELALUI
INTERNET?
Untuk berdagang Forex melalui internet, anda perlu mendaftar dengan sesebuah syarikat sebagai Broker di Amerika melalui internet. Kemudian anda akan muat-turun perisian perdagangan Forex ke dalam komputer anda yang dibekalkan oleh Broker tersebut. Melalui perisian tersebutlah anda akan melakukan penjualan dan pembelian beberapa pasangan gandingan matawang asing. Segala proses penjualan dan pembelian gandingan matawang asing berpandukan carta di dalam perisian tersebut. Sebagai contoh katakan anda memilih gandingan matawang Euro dan USD iaitu EUR/USD. Jika pasaran matawang EUR/USD sedang menurun berpandukan carta tersebut, anda akan melakukan penjualan. Untuk melakukan penjualan anda hanya mengklik pada nilai harga dalam bahagian BID. Jika pasaran melalui carta tersebut semakin menurun, anda akan mendapat keuntungan semakin banyak. Jika pasaran matawang EUR/USD sedang meningkat berpandukan carta tersebut, anda akan melakukan pembelian pula. Untuk melakukan pembelian anda hanya mengklik pada nilai harga dalam bahagian OFFER. Jika pasaran melalui carta tersebut semakin meningkat, semakin banyak anda akan memperolehi keuntungan. Ini bermakna walaupun pasaran sesuatu gandingan matawang meningkat atau menurun, anda masih memperolehi keuntungan. Ini tidak seperti pasaran saham, yang mana anda akan memperolehi keuntungan semasa pasaran meningkat sahaja.

Foreign Currency Trading

What is Forex? Forex is an abbreviation of Foreign Exchange (also referred to as FX) and it is the largest financial market in the world.

The Forex market is the place where currencies are traded (currencies are money that is used as an exchange medium). In other words, it is the place where currencies are being sold and bought. In the Forex market all currencies are traded in real time.

Trading with currencies always means that there are two simultaneous transactions taking place. If a currency is being bought, it is also being sold. To better understand this notion, think of currencies as both the goods you are buying AND the method with which you're paying for the goods.

Since the Forex market is the place where currencies are traded in real time, people may trade one currency for another and make a profit off of this transaction. Profits are made when one is able to determine which currency's value will increase by the end of a pre-determined time period (such time periods may be short or long). The Forex market is open 24 hours a day, five days a week and it is based in four major cities: New York, London, Sydney, and Tokyo. The Forex market is open to individuals over the age of eighteen.

While Forex trading may sound daunting, it really isn’t. It can be easily comprehended and understood without prior experience in finance or economy. It is challenging and exciting, thought provoking and manageable, stimulating and filled with opportunities.

Some Forex Basics:

  • The first currency listed in a currency pair is called the "base currency".
  • The “base currency” is usually the U.S. Dollar. Traders will generally trade the U.S. Dollar against another currency, which is called the “counter currency”.
  • Currencies are quoted in pairs. For example: The pair U.S. Dollar and JPY will be quoted in the following way: USD/JPY equals to 2.5 (This means that 1 U.S. Dollar can buy 2.5 JPY).
  • When a quote increases, it means that the “base currency” has risen in value and the “counter currency” has weakened in value. For example: If the USD/JPY quote used to be equal to 2.5 but is now equal to 2.6, then this means that the dollar has strengthened (because 1 U.S. Dollar can now buy 2.6 JPY as opposed to the mere 2.5 JPY it could buy beforehand.)
dailyfx

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