Oeang.com free forex tutorial for beginner

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10% from deposit
Allocated 10% of your money, if you have $100 you'll get $0.1 per pips in GBP/USD or EUR/USD pairs.

10 pips daily
Set 10 pips daily target and you'll get $1 each day *

20% per month*
Then after one month (20 working days) you'll get $20, that equal to 20% of your first deposit.

* With assumption you always got 10 pips each day.

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Step Five:  Trading Practice.

To make you understand how to do forex trading, you should first perform a virtual trading using virtual money, Marketiva provides $ 10,000 of Virtual Money that you can use without fear for the loss, do not use the $ 5 cash bonus, there's a time later when you have more skillful in the forex trading. For now do not deposit additional money first.
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Virtual trading practice

 

Actually virtual forex trading is exactly the same with the real trading, using the same real-time chart, and using the same procedure for the transaction, the difference is only in the use of virtual money, this is purposed for you to practice so you can do a transaction without having to fear of money lost, because you are using a virtual money as much as $ 10,000 (ten thousand dollars), even if you run out of virtual money, you can ask the Marketiva staff in the Chat-room to get more virtual money. Let's we begin.

Now we choose the EUR / USD currency pair, right-click on the chart image then select "Instrument" and click on the "EUR / USD" and see the change in the chart:

Now we try to play using Moving Average (MA) indicators, here the blue line will always cross the green line, in this chart we see the blue line is touching the green line and will move across it and we can estimated the chart will go up, then it is a good time to do buy transaction.

Learn the movement of this Moving Average indicator, then little by little you will be able to see the characteristic of this indicator, and you will be able to make your own predictions.

Now right-click again on the chart image, and select "Buy / Sell" on the menu then the "Send Order" box will appear.

1. Ensure the currency pair is correct.
2. Fill in the Quantity you want, for example 10000.
3. Select Virtual Forex
4. Select Buy then click OK.

Then on the positions window panel will appear a transactions line like this:

INFO
Why your transactions are always have minus pips?
Each time you do a Opening Position (OP) the value points will always be negative and red, this is called a spread.
Spread
is the difference between the value provided by the forex broker (Marketiva) with the value listed on the chart, for every OP transaction that you make.
Value of the spread is different for each currency pair and also different between the forex broker with another one.

You can also set some limits for your transaction, do click on the number of transactions in the Position ID column

Then click on the Change button

Then the following window will appear, then you can change the value on Exit Stop-Loss (loss position limit), and value in the Exit Target (the limit of the target profit you want).
Suppose you want your transaction is stopped if the position of loss reaches 1.5324 (30 pips below the opening price), and you want to stop the transaction if it is profit at the 1.5374 (20 pips above the opening price), then follow the instructions below:

Then information on the Position window will change to this:

And in the chart will have the form of arrow pointing to the desired direction, where the tip of the arrow indicates the limit of profit and the base of the arrow indicates the limit of loss.

FOREX TERMS
OP = Open Position = Initial position of the transaction.
TP = Target Position = Position of the desired target profit.
SL = Stop Loss = A limit to stop loss.
Pips = Point obtained during the transaction.
Buy = Conducting a transaction with the expectation the price will go up.
Sell = Conducting a transaction with the expectation the price will go down.
Spread = Difference between the price of your transaction with the price in the market.
Cut Loss = Stop loss at the time of the transaction manually.

If after long time you feel you want to stop the transaction manually, either because of loss or because you already feel enough profit you earn, then you simply click the number in the Position ID column:

and click on the Close button:

then the transaction is stopped, and information on the Position window will change to this:


CLOSE BEFORE REACHED TARGET

If you leave the transaction to reach the limits of the target that has been determined, the results will be like this:


CLOSE AFTER REACHED TARGET

Familiarize yourself with the steps to do this transaction, you can try other ways that you think is easier and match with your habits, do not hesitate to do the transaction in virtual, because the amount of virtual money is $ 10,000 and that it is more than enough for you to spend before you become a skillful player on forex trading.

TIPS
Tricks to determine TP (Target Position)
In determining profit target you should see the market conditions, if the chart moves up and down in a narrow range, you should only take a small target about 10 to 20 pips, if the chart up and down in a wide range, or have economic news that moves the market fast, then you can determine the target more than 30 pips, or do not even need to determine the position if the market good and you continue to monitor the chart on the screen and want to do Closing transactions manually.

Tricks to determine SL (Stop Loss)
Always specify a stop loss on every transaction that you make, because if the chart suddenly turn directions so you will not lose much, set stop loss according to your ability to accept loss, you can specify a stop loss around -30 to -40 pips.
Many traders have experienced great loss because they do not specify a stop loss, even if your account can hold up to minus hundreds of pips, but if you still have float transaction, then you will not be free to do other transactions

Familiarize yourself with all the facilities that exist in the Streamster software, and if you can have a lot of pips with virtual money then we will try to practice trading with delay system and real money.

 
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Although forex trading promises great profit, but also have the risk of big loss, do forex trading only if you feel ready and able to do so, forex trading may be not suitable for some people, if you already trying to learn and practice hard, or even subscribe to the signal or buy indicator from third parties but the results still losers and losers, you should stop, do not force yourselves, there are many other opportunities to get money from the internet. I as the owner of Oeang.com site is not responsible for any loss you may have experienced, I've created this site only as a means of learning and information for you all.