A:  not a lot of education is required because forex brokers really are just networking representatives and make their business from gathering assets, not from their skills from an educational institution. I understand as a forex broker you can trade for others once you reach a level of experience, but i still feel the success comes from managing volume, not performance. There isn’t a lot of regulation in this industry, which makes the risks a lot higher for everyone involved. And i haven’t met anyone who has done well brokering for others who I would consider a “professional”.

In the stock market, the first lesson is not to buy,it is stop-loss, forex market is also the same. There is no concept of stop-loss,it is not eligible to enter the stock market.If you do not know stop-loss,it means that you do not learn technical analysis well,and you still do not know how to operate.

The rule of stock market is that the number of the winners is less than 10%,the winners’s secret of success is that they know how to run when they find something is wrong, and run faster than anyone. Coming to what extent? Almost as long as a K-line will stop immediately. In other words, K-line’s low point is the stop-loss point.

This K line may be 5 minutes or 30 minutes line. Date Line is the longest line of the K point.

If it fell below  the K line after you buy, it shows that there is something wrong with your entry point, you should quickly leave and wait for the next opportunity to re-entry. The beginning of the implementation of this operation, you will always have a stop-loss list, but you will break through some concepts and realize some secrets in your list.

Slowly you will be very careful to choose entry point. You will reduce a lot of unnecessary entry points,if this secret of seizing the entry opportunity becomes your habit.Your entry point are often  starting up points. Then it is not easy to take the action of the stop-loss, leaving only the question to stop winning.

 Confused with Forex trading bid and ask prices, and what they mean?That’s Forex video will tell us What’s The Bid/Ask Spread In Forex trading and what this means to us as traders of the forex market.

Foreign currency cash is foreign banknote, coins. Foreign currency cash was mainly brought from outside.

 The so-called free forex, refers to it can be traded freely in international financial markets,it is widely used in International Settlements, in the international community it can be recognized,and it can be freely exchanged into the currencies in other countries.

The subject matter of all kinds of forex, generally only when it is exchanged to the currency which can use in the local country,it can be used to make International Settlements.

Foreign money is not forex necessarily. Foreign money is whether forex or not, first of all depends on whether it can freely exchange, or it is able to be used in other countries, but also has unrestricted access to any commercial bank’s account in that country. And it can transfer when we need,it can be called forex.

- Trade and investment

Importers and exporters cost a currency when they import, and in the export they cost another currency. This means that when they settle the accounts, the receipt and payment in different currencies. Therefore, they need to make their received money be converted into the money for the purchase of commodities. Similarly, a company buys foreign assets,it must use another currency to pay, therefore, it needs to make national currency  be converted into of another currency.

- Speculation

The exchange rate between two currencies will change because of the change of the supply and demand between these two currencies. Traders buy a currency at a exchange rate, while sell at another more favorable exchange rate, he can profit. Speculation occupies  the vast majority of the forex market transactions.

-Conflict

 Because of  exchange rate fluctuation between the two relevant currencies, those companies which have foreign assets, it may suffer some risks when they make the foreign assets to be converted into the domestic currency. When a foreign currency-denominated foreign assets is in the stable value for a certain period of time, if the exchange rate changes , to convert the assets in domestic currency, it will generate profit and loss. Companies can eliminate this potential gains or losses through conflict.

If have not in the banks, investment companies done deal, and not the state, enterprises pay for your tuition fees,so for individual investors, they had to pay their own tuition fees to the market by themselves,and the market presented license. This is the first step to do forex transations.

Any company in foreign countries, banks do not employ the trader who has  no “license”, unless they see you and you need to train. Only when we have a certain amount of qualifications (such as the “license”), we can ”drive car” for company and customers in the risk market, but also to get further improve and master the ability to control the market.

In fact, forex basic knowledge is not difficult to learn, the difficulty is how to make flexible use of the actual operation.It is rarely seen that profound scholars and analysts can do a good job in forex transactions, so in practice a person’s overall quality is more important than knowledge.

Why double top is a strong signal to make it down? Because when the top of the formation of the first course of fall, there is definitely a lot of selling in the market to down approach, in the first buying the top of the region has been locked. When the price rose to the top and it was similar to first price, if the buy gas of market is strong enough, then the peak should be over, resulting in the situation of one wave is hihger than another wave. However, the second wave of the rally did not deviate from them, the second top reversal formation. It is obvious that this wave is already rising to falter, “air force” deployed large-scale, indiscriminate bombing.

More importantly, the buyers who were locked in the first top near own a lingering fear,felt that the rebound in the second wave is only reflection of the setting sun,when they saw the proper price, then sell off each other,like the fish tried to slip through the net. Therefore, the double top formation is the buyer’s performance of the lack of confidence.

In particular, fell below “neckline”, the entire decline in the trend can be confirmed.

In contrast, the double bottom is a solid foundation for the rally. When the second end of the formation, indicating the market has found support point, the buyer purchases a free hand, at the end of the first people to sell “less loss when the win” mentality eager to cover short positions, the trend lost the power of “a wave is lower than another wave “.

Sometimes, just the formation of the embryonic form of double top, prices will be repeated, to a return, evolved into three related call. If you do not break the last two high-priced, it evolved into a “maximum of three” is a golden opportunity to short out.

But there is another one of the most important is that the trend line and channel theory can guide us in a moment, near or in the trend line or the next channel on the rail track near the point for the sale of the judge.

Regulation 2 : Make the warehouse be light foreve.

Regulation 3: Be sure to be patient. Patience is a prerequisite to discover the trend. Rapid price changes, the position can not be set up.

Regulation 4: Analyse your mistake usually. And learn from your mistakes,the people who can’t learn from the mistake had better leave the industry.No analysing mistake and no learning from mistake is ignorance.

The basic principles of speculation: As a speculator, it should be clear at all times aware that in the case of economic independence to maintain freedom, and the premise is built to ensure the continued profitability and stability. Speculators do not persist in a vote of great fishing opportunities, top priority is to ensure the safety of capital,the followed is to pursue stable and sustainable earnings, and then to a more profitable part of the transaction risk. The results of a vote of fishing opportunities will arise, but we do not need to take excessive risks.

Crocodile in principle: When you know  fault of your own, you immediately closed off, not to make any excuses and look forward to, to pray or take any other action, hastened to leave the …… not trying to adjust the positions, hedge or other unnecessary measures, pay off quickly identified.

The principle of reverence for the market: the market is always right, not with confrontation, not wishful thinking to predict the market to overcome the market, to manipulate the market. The development of the market will show the correctness of your decision-making. Follow the market trend, the market will eventually reward you, contrary to market trends, the market will eventually  punish you.