Preview forex

Preview forex
By : Hafizzat ROLE MODELS Born Vincent Tan Chee Yioun February 1952 Batu Pahat, Johor, Nationality Malaysian Occupation Chairman of Berjaya Group Home town Batu Pahat Net worth US$1.3 billion (2013)
By : Hafizzat 2007
By : Hafizzat First Step AGE 17 years old Education Level SPM Mission Rich Obstacles Human Why ? Sweet Talk
By : Hafizzat Stock market
By : Hafizzat Stock market
By : Hafizzat Forex
By : Hafizzat My First Car
By : Hafizzat Dream Car
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By : Hafizzat Invitation By Fxprimus
By : Hafizzat Need Improvement
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By : Hafizzat Hardest Part
By : Hafizzat Hardest Part
By : Hafizzat Exam Forex
By : Hafizzat RESULT
By : Hafizzat My Third Car
By : HafizzatRanked 5th in FXPrimus Top 20 Traders in the WORLD
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By : Hafizzat HAFIZZAT RUSLI FOREX TRADER | TRAINER| AMBASSADOR
By : Hafizzat Hasil Forex
By : Hafizzat Hasil Forex
By : Hafizzat Cukai Pendapatan
By : Hafizzat 29 March 2014
By : Hafizzat HAFIZZAT’S STORY • Hafizzat Rusli, 24 delved into the world of forex trading even before he reached the age of 17. • He saved all his earnings as a waiter to start trading. Within less than a month he grew his relatively small capital of USD500 into more than USD20k. • Hafizzat set about training and educating himself with a vengeance. He learnt from the best he could find but more importantly he acquired and honed his own trading skills and strategies. • FXPrimus, one of the industry’s fastest growing brokers, approached Hafizzat and appointed him as their Super Introducing Broker which is quite a feat for a boy of 19 with just 2 years of experience in forex trading. Hafizzat remains the youngest Super IB in the world in this elite group of only 30 individuals. • In July 2011 Hafizzat was ranked 5th in FXPrimus Top 20 Traders Global Contest having made a percentage gains of 81.7% in 2 days. The student had by now become a master.
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By : Hafizzat What is Forex? • FOREX (Foreign Exchange) or more familiar with currency transactions • Forex means buying or selling a currency against another currency with a view to profit • The currency is a kind of trade / transaction trade in the currency of a country's national currency involving other major money markets in the world for 24 hours continuously • The foreign exchange market, which is usually known as “forex” or “FX,” is the largest financial market in the world. Compared to the measly $22.4 billion a day volume of the New York Stock Exchange, the foreign exchange market looks absolutely ginormous with its $5 TRILLION a day trade volume.
By : Hafizzat What is Forex? The largest stock market in the world, the New York Stock Exchange (NYSE), trades a volume of about $22.4 billion each day. If we used a monster to represent NYSE, it would look like this…
By : Hafizzat What is Forex? So the NYSE sounds big, it’s loud and likes to make a lot of noise. But if you actually compare it to the foreign exchange market, it would look like this…
By : Hafizzat Why trade Forex? ADVANTAGES OF FOREX There are many benefits and advantages of trading forex. Here are just a few reasons why so many people are choosing this market: • No commissions • No middlemen • No fixed lot size • Low transaction costs • A 24-hour market • No one can corner the market • Leverage • High Liquidity • Low Barriers to Entry • Free Stuff Everywhere!
By : Hafizzat Why trade Forex? No commissions No clearing fees, no exchange fees, no government fees, no brokerage fees. No middlemen Spot currency trading eliminates the middlemen and allows you to trade directly with the market responsible for the pricing on a particular currency pair. No fixed lot size In the futures markets, lot or contract sizes are determined by the exchanges. A standard-size contract for silver futures is 5,000 ounces. In spot forex, you determine your own lot, or position size. Low transaction costs The retail transaction cost (the bid/ask spread) is typically less than 0.1% under normal market conditions. At larger dealers, the spread could be as low as 0.07%. Of course this depends on your leverage and all will be explained later.
By : Hafizzat Why trade Forex? A 24-hour market There is no waiting for the opening bell. From the Monday morning opening in Australia to the afternoon close in New York, the forex market never sleeps. This is awesome for those who want to trade on a part-time basis, because you can choose when you want to trade: morning, noon, night, during breakfast, or in your sleep. No one can corner the market The foreign exchange market is so huge and has so many participants that no single entity can control the market price for an extended period of time. Leverage In forex trading, a small deposit can control a much larger total contract value. Leverage gives the trader the ability to make nice profits, and at the same time keep risk capital to a minimum.
By : Hafizzat Why trade Forex? High Liquidity Because the forex market is so enormous, it is also extremely liquid. This means that under normal market conditions, with a click of a mouse you can instantaneously buy and sell at will as there will usually be someone in the market willing to take the other side of your trade. You are never “stuck” in a trade. You can even set your online trading platform to automatically close your position once your desired profit level (a limit order) has been reached, and/or close a trade if a trade is going against you (a stop loss order). Low Barriers to Entry You would think that getting started as a currency trader would cost a ton of money. The fact is, when compared to trading stocks, options or futures, it doesn’t. Online forex brokers offer “mini” and “micro” trading accounts, some with a minimum account deposit of $25. We’re not saying you should open an account with the bare minimum, but it does make forex trading much more accessible to the average individual who doesn’t have a lot of start-up trading capital.
By : Hafizzat Why trade Forex? Free Stuff Everywhere! Most online forex brokers offer “demo” accounts to practice trading and build your skills, along with real-time forex news and charting services. AND GUESS WHAT?! THEY’RE ALL FREE! Demo accounts are very valuable resources for those who are “financially hampered” and would like to hone their trading skills with “play money” before opening a live trading account and risking real money.
By : Hafizzat Who trade Forex? • the rulers of the world • the world's major banks • international class business • hedge fund • currency speculators • individuals THE PEOPLE WHO TRADE IN FOREX MARKET ARE: Thus the number of players in the Forex market is causing the velocity of money becomes very fast. Transactions happens more than 1.9 trillion U.S. dollars every day and that means money are transferred from one hand to another in just a few seconds.
By : Hafizzat Who trade Forex? Forex Market Hierarchy Major Banks Electronic Brokering Services (EBS) / Reuters Dealing 3000-spot Matching Medium-sized and small banks Retail Market Makers Retail Traders Retail ECNs Hedge funds and commercial companies
By : Hafizzat When can you trade Forex? Now that you know whatforex is, whyyou should trade it, and whomakes up the forex market, it’s about time you learned whenyou can trade. Yes, it is true that the forex market is open 24 hours a day, but that doesn’t mean it’s always active the whole day. You can make money trading when the market moves up, and you can even make money when the market moves down. BUT you will have a very difficult time trying to make money when the market doesn’t move at all.
By : Hafizzat What is Forex? WORLD POPULAR CURRENCY • USD "U.S. Dollars" or "buck" (the currency of the USA) • EUR "Euro" (European currency) • GBP "Sterling" or "Cable" (UK currency) • AUD "Aussie Dollar" (Australian currency) • NZD "Kiwi" (the currency of New Zealand) • JPY "Yen" (Japanese currency) • CHF "Swissy" (Swiss currency) • CAD "Dollar Canada" (Canadian currency)
By : Hafizzat How to trade Forex? 1UNDERSTAND BASIC FOREX TERMINOLOGY • Base currency is the type of currency you are spending, or getting rid of. Quote currency is the currency that you are purchasing. In forex trading, you sell 1 type of currency to purchase another type. • The exchange rate tells you how much you have to spend in quote currency to purchase base currency. For example, if you want to purchase some U.S. dollars using British pounds, you may see an exchange rate that looks like this: GBP/USD=1.589. This rate means that you'll spend 1.589 dollars for 1 British pound. • A long position means that you want to buy the base currency and sell the quote currency. In our example above, you would want to sell U.S. dollars to purchase British pounds.
By : Hafizzat How to trade Forex? • A short position means that you want to buy quote currency and sell base currency. In other words, you would spend sell British pounds and purchase U.S. dollars. • The bid price is the price at which your broker is willing to buy base currency in exchange for quote currency. The bid is the best price at which you are willing to sell your quote currency on the market • The ask price, or the offer price, is the price at which your broker will sell base currency in exchange for quote currency. The ask price is the best available price at which you are willing to buy from the market • A spread is the difference between the bid price and the ask price
By : Hafizzat How to trade Forex? 2DECIDE WHAT CURRENCY YOU WANT TO BUY AND SELL • Make predictions about the economy. If you believe that the U.S. economy will continue to weaken, which is bad for the U.S. dollar, then you probably want to sell dollars in exchange for a currency from a country where the economy is strong. • Look at a country's trading position. If a country has many goods that are in demand, then the country will likely export many goods to make money. This trading advantage will boost the country's economy, thus boosting the value of its currency. • Consider politics. If a country is having an election, then the country's currency will appreciate if the winner of the election has a fiscally responsible agenda. Also, if the government of a country loosens regulations for economic growth, the currency is likely to increase in value. • Read economic reports. Reports on a country's GDP, for instance, or reports about other economic factors like employment and inflation, will have an effect on the value of the country's currency.
By : Hafizzat How to trade Forex? 3Read a forex quote • You'll see 2 numbers on a forex quote: the bid price on the left and the ask price on the right. 4Learn how to calculate profits • A pip measures the change in value between 2 currencies. Usually, 1 pip equals 0.0001 of a change in value. For example, if your EUR/USD trade moves from 1.546 to 1.547, your currency value has increased by 1 pip. • Multiply the number of pips that your account has changed by the exchange rate. This calculation will tell you how much your account has increased or decreased in value
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