Trading Terminology

Traders often chat with one another about a variety of topics related to the forex market, giving their perspectives and discussing trading ideas and current moves on the market. While communicating with each other they often use slang to express their thoughts in a shorter form. You can read about the slang and other trading terminology in these pages.

EUR/USD: Euro / US Dollar is often called Euro;
USD/JPY: US Dollar / Japanese Yen is often called Dollar Yen;
GBP/USD: British Pound / US Dollar is often called Cable;
USD/CHF: US Dollar / Swiss Franc is often called Dollar Swiss, or Swissy;
USD/CAD: US Dollar / Canadian Dollar is often called Dollar Canada, or C-Dollar;
AUD/USD: Australian Dollar / US Dollar is often called Aussie Dollar;
EUR/GBP: Euro / British Pound is often called Euro Sterling;
EUR/JPY: Euro / Japanese Yen is often called Euro Yen;
EUR/CHF: Euro / Swiss Franc is often called Euro Swiss;
GBP/CHF: British Pound / Swiss Franc is often called Sterling Swiss;
GBP/JPY: British Pound / Japanese Yen is often called Sterling Yen;
CHF/JPY: Swiss Franc / Japanese Yen is often called Swiss Yen;
NZD/USD: New Zealand Dollar / US Dollar is often called New Zealand Dollar or Kiwi;

Common Guidelines

Plan your trade and trade your plan: You must have a trading plan to succeed. A trading plan should consist of a position, why you enter, stop loss point, profit taking level, plus a sound money management strategy. A good plan will remove all the emotions from your trades.

The trend is your friend: Do not buck the trend. When the market is bullish, go long. On the reverse, if the market is bearish, you short. Never go against the trend.

Focus on capital preservation: This is the most important step that you must take when you deal with your trading capital. You main goal is to preserve the capital. Do not trade more than 10% of your deposit in a single trade. For example, if your total deposit is $10,000, every trade should limit to $1000. If you don't do this, you'll be out of the market very soon.

Know when to cut loss: If a trade goes against you, sell it and let go. Do not hold on to a bad trade hoping that the price will go up. Most likely, you end up losing more money. Before you enter a trade, decide your stop loss price, a price where you must sell when the trade turns sour. It depends on your risk profile as of how much you should set for the stop loss.

Take profit when the trade is good: Before entering a trade, decide how much profit you are willing to take. When a trade turns out to be good, take the profit. You can take profit all at one go, or take profit in stages. When you've recovered your trading cost, you have nothing to lose. Sit tight and watch the profit run.

Be emotionless: Two biggest emotions in trading: greed and fear. Do not let greed and fear influence your trade. Trading is a mechanical process and it's not for the emotional ones. As Dr. Alexander Elder said in his book "Trading For A Living", if you sit in front of a successful trader and observe how he trades, you might not be able to tell whether he is making or losing money. That's how emotionally stable a successful trader is.

Do not trade based on a tip from a friend or broker: Trade only when you have done your own research and analysis. Be an informed trader.

Keep a trading journal: When you buy a currency or stock, write down the reasons why you buy, and your feelings at that time. You do the same when you sell. Analyze and write down the mistakes you've made, as well as things that you've done right. By referring to your trading journal, you learn from your past mistakes. Improve on your mistakes, keep learning and keep improving.

When in doubt, stay out: When you have doubt and not sure where the market or stock is going, stay on the sideline. Sometimes, doing nothing is the best thing to do.

Do not overtrade: Ideally you should have 3-5 positions at a time. No more than that. If you have too many positions, you tend to be out of control and make emotional decisions when there is a change in market. Do not trade for the sake of trading.

Bagaimana cara membuat account Liberty Reserve

Langkah Pertama ;

Silahkan klik disini.Anda perlu melakukan verifikasi alamat email sebelum membuat account Liberty Reserve. Silahkan masukkan alamat email yang ingin digunakan untuk menerima kode aktivasi pada halaman registrasi Liberty Reserve tersebut. Untuk selanjutnya silahkan ikuti petunjuk yang diberikan pada e-mail yang anda terima beserta kode aktivasi dari Liberty Reserve.

Langkah Kedua ;

Setelah anda mensubmit alamat email yang ingin digunakan untuk registrasi Liberty Reserve, maka anda akan menerima email dari Liberty Reserve dalam beberapa menit setelah itu dengan subjek "Liberty Reserve E-mail Verification Code" yang berisi kode aktivasi dari Liberty Reserve. Copy dan paste kode aktivasi yang anda terima itu ke dalam form kedua yang ada di halaman registrasi Liberty Reserve kemudian klik tombol Next.

Setelah kode aktivasi anda masukkan, maka anda akan diminta untuk mengisi formulir pendaftaran. Silahkan isikan data-data yang diminta di sana dengan benar. Nama depan, nama belakang, nama account, password, alamat, dan lain-lain. Untuk nama account, itu bisa diganti kapan saja anda mau kelak setelah login. Jika tujuan pembukaan account Liberty Reserve ini adalah untuk melakukan deposit dan withdrawal dari Marketiva, maka anda perlu membuat account name itu menjadi nama lengkap anda.

Di halaman itu anda juga akan diminta untuk membuat pesan selamat datang pribadi, dimana pesan ini berguna untuk mengidentifikasi website yang dibuka kelak ketika login betul-betul website Liberty Reserve asli, bukan tiruan. Jadi, silahkan buat pesan pribadi anda di sana. Anda boleh membuat pesan apa saja misalnya "Semakin hari aku semakin bahagia dan semakin kaya" atau kalimat lain yang menjadi moto pribadi anda.

Di halaman registrasi yang terakhir anda akan diperlihatkan data-data account itu, seperti nomor account, password, login pin, dan security pin, silahkan simpan atau cetak informasi itu, karena itu akan diperlukan untuk mengakses account anda.

Setelah proses registrasi berhasil, maka anda akan menerima e-mail dari Liberty Reserve yang berisi nomor account, dan pin pengaman transfer.

Currency futures are specific types of forward outright deals which occupy in general a small part of the Forex market. Because they are derived from the spot price, they are derivative instruments. They are specific with regard to the expiration date and the size of the trade amount. Whereas, generally, forward outright deals—those that mature past the spot delivery date—will mature on any valid date in the two countries whose currencies are being traded, standardized amounts of foreign currency futures mature only on the third Wednesday of March, June, September, and December.

There is a row of characteristics of currency futures, which make them attractive. It is open to all market participants, individuals included. This is different from the spot market, which is virtually closed to individuals - except high net-worth individuals—because of the size of the currency amounts traded. It is a central market, just as efficient as the cash market, and whereas the cash market is a very decentralized market, futures trading takes place under one roof. It eliminates the credit risk because the Chicago Mercantile Exchange Clearinghouse acts as the buyer for every seller, and vice versa. In turn, the Clearinghouse minimizes its own exposure by requiring traders who maintain a non-profitable position to post margins equal in size to their losses.

Moreover, currency futures provide several benefits for traders because futures are special types of forward outright contracts, corporations can use them for hedging purposes. Although the futures and spot markets trade closely together, certain divergences between the two occur, generating arbitraging opportunities. Gaps, volume, and open interest are significant technical analysis tools solely available in the futures market. Yet their significance extrapolates to the spot market as well.Because of these benefits, currency futures trading volume has steadily attracted a large variety of players.

For traders outside the exchange, the prices are available from on-line monitors. The most popular pages are found on Bridge, Telerate, Reuters, and Bloomberg. Telerate presents the currency futures on composite pages, while Reuters and Bloomberg display currency futures on individual pages shows the convergence between the futures and spot prices.