Hi friends,
This is Rahul Sharma, today I wanna share my anguish with every new investor, I have decided to invest in foreign market in 2012, I was totally perplexed at that time because I had not any idea regarding to foreign exchange market,I just been through number of traders ,but every body tried to flimflam me, I would give special thanks to my best pal Gaurav, he ushered me to a https://www.forexnx.com/about-forex.html
Well after getting proper guidance I just click on https://www.forexnx.com/about-forex.html and knew about Forexnx.com, and directly contacted to their tele caller ,would love to this tremendous experience with every guy that their tele caller was so helpful and energetic ,he cleared my concept about forex trading by online free trading, I have been doing forex trading for last one year ,and I ain’t hesitated to share it that in every step www.forexnx.com has helped me out,
For know more about forexnx trading just been http://onlineedge.in/lp/forexnx/ remember me.
3. •Advantages of forex trading over Stock
1. High Leverages
2. Fundamental Consideration
3. Liquidity
4. More Freedom
5. 24hrs Markets
4. Advantages of Forex Trading
1. High Leverages
2. High Liquidity
3. 24hrs Markets
4. Low Transaction cost/ Spread
5. Profit Potential from Rising and Falling
prices/ Two way market
6. No middleman charges
7. No Commission
5. 24hr market Monday to Friday
Market update at morning 5.30am daily
Monday to Friday
Market opens at Monday 2.30 am and close
at Saturday 2.30am….
6. Clients can do trading in total
18currencies and also they can trade in
commodities like Gold & Silver
Minimum deposit of 100$
One day forex turnover = 5trillion $
7. How to Analysis the Market
1. Fundamental Analysis
2. Technical Analysis
10 Series
5
0
1
Series
2
8. Types of Currency pair
1. Major Currency
2. Cross Currency
3. Exotic Currency
9. Account Types
Accounts Mini Account
Standard
Account
Premium Account
Minimum Deposit $100- 1,999 $ 2,000 – $ 4,999 $ 5,000 and Above
Tight Spread 4 pip* 3pip* 2pip*
Education Yes Yes Yes
Trading signals No No Yes
Commission No No No
Professional
No No Yes
Assistance
Dedicated team Yes Yes Yes
11. What is Bid price?
Bid price means selling prices
What is Ask price?
Ask price means buying prices
What is Spread?
Spread means difference between bid price and
ask price currencies
What is Pip?
A smallest point.
12. Technical Terms
Base currency: Fist currency pair is known as
base currency
Quote currency: Second currency is known as
quote currency.
EUR/USD
Base currency Quote Currency
13. Types of Currency Position
• Long Position • Short Position
Long Position is Buy
Position
A trader opens long
position with aim of selling
the base currency at a
higher price at a later time
Short position is Selling
Position
A trader opens a short
position with aim of buying
the base currency at a lower
price at a later time.
14. What is Lot?
A Lot is amount the buyer and seller are
committed to at the moment the position is
opened.
Ex: 0.01 is 1000 units of base currency..
15. How to calculate lot as
profit/lose?
Profit = lot x 10
For ex:
0.10lot = 0.10 x 10 = 1
1$ profit/lose
16. How we calculate spread
(brokerage)?
Bid price 1.3520
Ask price 1.3524
How much points difference you can see?
•4points
That’s our spread charge….. (Brokerage)
Spread is charged one time and it’s a fix charges
when client opens a new deal…. After that
whatever is the profit that’s clients profit.
17. How dose market woks?
For ex:
Order price =1.8000
Position = Ask (buy)
10+ = 0.04
Current price = 1.8150
1.8000 – 1.8150 = 150
0.04= 0.40x150 = 60
P/L = 60 (Profit)
--------------------------------------------------------------------------------------
Order price = 1.8025
Position = Bid (Sell)
10+ = 0.05
Current price= 1.8150
1.8025 – 18150 = 125
0.04 = 0.50x125 = 62.5
P/L = -2.5 Loss
18. O = OPENING PRICE ( This price is
updated daily 5.30am Monday to Friday)
H= HIGHEST PRICE
L= LOWEST PRICES
19. What is T/P & S/L
•T/P means Take profit. Is an automated
order you set that your account will
liquidate a particular currency position if it
reaches a certain level of profit….
• S/L means Stop Loss. Is an automatic
close of a trade that you can set to happen
if your currency goes in a direction that
would cause you to lose money…
20. Types of Traders
TYPES OF TRADERS
•Day Trading
•Swing Trading
•Position Trading
• Day Trading
1. Scalping
2. Fading
3. Daily Pivot
4. Momentum Trading
21. Types Of Currency Pair
• Major Currency
•Cross Currency
•Exotic Currency
22. Hedging
When a currency trader enters into a trade with the intent of
protecting and existing or anticipated position from and unwanted
move in the foreign currency exchange rates, they can be said to
have entered into a forex hedge. By utilizing a forex hedge properly,
a trader that is long a foreign currency pair, can protect themselves
from downside risk; while the trader that is short a foreign currency
pair, can protect against upside risk………
23. Payment Mode
Credit Card
Debit Card
Internet Banking
Bank Transfer
24. ForexNx requires that all clients submit
the the following documents:
Photo ID PROFF
ADDRESS PROFF
25. What are benefit for doing
trading in our company?
Can withdraw the profit amt in 24 working
hrs
No charges at the time of withdraw other
company charge 20$.........
No charges on deposits
24 x 5 helpline (telephone services)