Best time to Trade

EUR/USD
During the Tokyo session, the Euro only trades 15% of all volume so it is best to start watching the
Euro late in the Tokyo session. It trades 39% of all Forex volume during the London session. It can
also be traded during the New York session.


GBP/USD
The pound trades extremely lightly during the Tokyo session. Start watching it near the end of
the Tokyo session as it can start moving then. In the London session, GBP/USD accounts for
approximately 23% of all Forex trading volume. The pound can be traded in the New York session
also.


USD/JPY
During the Tokyo session, USD/JPY accounts for approximately 78% of all Forex volume. This
drops to about 17% during the London session. There are occasional days when these 3 pairs make
significant price moves outside the sessions which normally have the most trading volume.



News Releases / Economic Data Releases
23:50 GMT Japan Fundamentals
07:45 GMT Euro Fundamentals
13:30 GMT USA Economic Figure



Currency symbols
AUD - Australian Dollar
CAD - Canadian Dollar
EUR - Euro
JPY - Japanese Yen
GBP - British Pound
CHF - Swiss Franc
USD - American Dolla




Currency 
 Any form of money issued by a government or central bank and used as legal tender
and a basis for trade



Currency Pair 

 The two currencies that make up a foreign exchange rate. For Example, EUR/
US



Deficit
A negative balance of trade or payment


Delivery -

An FX trade where both sides make and take actual delivery of the currencies traded



EURO
the currency of the European Monetary Union (EMU). A replacement for the European
Currency Unit (ECU).


European Central Bank (ECB) 
the Central Bank for the new European Monetary Union

Technical Definitions

Trading Platform
A trading platform is, along with the charts, one of the most important tools that a trader will be
using while trading on the Forex market. By definition, a trading platform is an exchange account
where you can buy and sell a currency.


Entry Stop
An entry stop is executed when the exchange rate breaks through a specific level. The client placing
a stop entry order believes that when the market’s momentum breaks through a specified level, the
rate will continue in that direction. The execution of a stop entry order may involve a limited degree
of slippage, usually two pips or less.


Entry Limit
An entry limit is executed when the exchange rate touches (not breaks) a specific level. The client
placing a limit entry order believes that after touching a specific level, the rate will bounce in
the opposite direction of its previous momentum. Limit entry orders are always executed at the
specified level


Types of Forex Orders


Market Order 
An order where you can buy or sell a currency pair at the market price the moment
that the order is processed.
Example: If you are looking to place an order for JPY when the dealing price is 104.00/05, a
market order will request to buy JPY at 104.00 or will request to sell JPY at 104.05.
Entry order – An order where you can buy or sell a currency pair when it reaches a certain price
target. In theory, this can be any price. You can set an entry order for the low price of a time period
or the high price of a time period.
“I want to buy this currency pair at a certain price, if it never reaches that price, I don’t want to
purchase the pair”.
The entry order allows you to choose a price and place an order to buy at that price


Stop Order 
An order that becomes a market order when a particular price level is reached and
broken. A stop order is placed below the current market value of that currency.


Limit Order
 An order that becomes a market order when a particular price level is reached. A
limit order is placed above the current market value of that currenc


OCO Order 
 One Cancels Other. An order placed so as to take advantage of price movement,
which consists of both a Stop and a Limit price. Once one level is reached, one half of the order
will be executed (either Stop or Limit) and the remaining order canceled (either Stop or Limit). This
type of order would close your position if the market moved to either the stop rate or the limit rate,
thereby closing your trade, and, at the same time, canceling the other entry order.






If Done Order 
If Done Orders are supplementary orders whose placement in the market is
contingent upon the execution of the order to which it is associated.

Benifits of online investing

Benefits of Online Investing
Online trading has caused a major paradigm shift in investing. At the turn of the millennium, there
are over 6 million online investment accounts, up from 1.5 million in 1997. As a result, start-up
firms now compete directly with financial institutions to serve investors in the new Economy, and
the clear winner is the customer. The competition between the brick and mortar institutions and
the Internet-based companies has dramatically lowered the costs of investing, and empowered the
individual investor to take control of their own investment strategy.
On-line trading will revolutionize the currency markets by making it accessible to the small and
medium sized investor. For the first time, these investors have the ability to execute transactions
of between $100,000 and $10,000,000 at the same prices the Interbank market offers for deals well
over $10,000,000. This benefits both those who wish to speculate on the direction of the currency
markets for profit, as well as the money manager or corporate treasurer looking to hedge against
unwanted exposure to future price fluctuations in the currency markets.

Benefits of Trading FX on the Internet
• Deal directly from live price quotes
• Instantaneous trade execution and confirmation
• Fast and efficient execution of deals
• Lower transaction costs
• Real-time profit and loss analysis
• Full access to market information

Lets see one by one 

Deal directly from live price quotes 

Very few on-line brokers are able to offer their clients real-time bid/ask quotes, which facilitates
instantaneous deal execution - no missed market opportunities. Real-time prices also allow investors
to compare an on-line broker’s dealing spread with that of other pricing services, to ensure they are
receiving the best possible price on all their Forex transactions.
Many on-line Forex brokers require their clients to request a price before dealing. This is
disadvantageous for a number of reasons, primarily because it significantly lengthens the execution
process from just a few seconds to possibly as long as a minute. In a fast paced market, this could
make a significant difference in an investor’s profit potential. Also, some of the more unscrupulous
brokers may use the opportunity to look at an investor’s current position. Once they have determined
whether the investor is a buyer or a seller, they ‘shade’ the price to increase their own profit on the


Lower transaction costs 
Simply, executing trades electronically reduces manual effort, thereby lowering the costs of doing
business. On-line brokers are then able to pass along the savings to their client base
.
Real-time profit and loss analysis 
The fast-paced nature of the Forex market compels traders to execute multiple trades each day. It
is vital for each client to have real-time information about their current position in order to make
well-informed trading decisions.

Full access to market information
Access to timely and relevant information is critical. Professional traders pay thousands of dollars
each month for access to major information providers. However, the very nature of the Internet
affords users free access to reliable market information from a variety of sources, including realtime price quotes, international news, government-issued economic indicators and reports, as well
as subjective information such as expert commentary and analysis, trader chat forums etc.

Forex Currency

What is the Forex Currency 
Forex market using mainly 8 currency lets see one by one  this is very need to start forex trading

Lets see what is the PAIR

This 2 currency equlation and build up pair thats

Now i am going to show you live forex trading screan shot 

What is the Forex Trading

Forex Trading is trading currencies from different countries against each other.Forex is acronym of Foreign Exchange. 

For example, in Europe the currency in circulation is called the Euro (EUR) and in the United States the currency in circulation is called the US Dollar (USD). An example of a forex trade is to buy the Euro while simultaneously selling US Dollar. This is called going long on the EUR/USD.

How to start Forex trading

Getting started in trading currency can be an extremely daunting task for someone with no experience in the forex market. There are many pitfalls out there that can trip up even the most seasoned trader, and it can be easy to become confused and discouraged by the many nuances of currency trading. By following a few simple tips, you can avoid these frustrations and get started on the path to becoming a successful forex trader.

The first and most important decision you will have to make is choosing the right brokerage firm. There are many different options available, and some are vastly better than others. As a rule, you should make sure that the institution is a well-established, reputable company, preferably with ties to a bank or other financial institution. Registration with the Commodity Futures Trading Commission is an absolute must, as this is a good determining factor in a brokerage’s legitimacy. Another characteristic to look for is a wide range of research tools such as real-time quotes, charts, and professionally written research reports. You want to choose a brokerage that makes available as much information as possible to its account holders, as the more information you have, the more successful you will be in trading. Finally, you should choose a brokerage that has a favorable spread, which is the difference between the buying price and the selling price of a currency at a given moment. This difference in values represents the amount that the brokerage takes off the top of each trade, so a tighter spread translates into more money in your pocket each time.

After you choose a good brokerage, the next thing you should do is open up a demo account first. An account type that is offered by most brokerages, the demo account has a pretend balance that allows the beginning investor to play around with different ideas and get a general feel for currency trading before taking the plunge with real money. This is a great way to practice trading and learn how to properly research a currency pair before taking a position. As demo accounts usually last for a month, you’ll have plenty of time to gain experience while also learning how the software works so that you can make informed decisions and lightning-fast trades when the time comes. It is important to not rush through this phase of the learning process, to fully maximize this valuable tool that has been made available.

Once you have graduated to using a real account with actual money, it is imperative that you start small and not try to break the bank out of the starting gate. Placing calculated trades using the minimum possible amount of currency can be seen as an extension of the learning process that occurred during the demo account phase. Since your own money is being used this time, different emotions will be involved in the trading process, so this is the point at which you can learn how to correctly deal with these emotions before they can affect your trading success. The other thing to keep in mind is that it is a very bad idea to use a lot of leverage right away. Since beginning forex traders inevitably take some losses while learning the process, a margin call right at the outset is very possible for someone who is close to the margin limit, and this can be a disastrous thing. It is much better to trade a lot closer to the cash balance in the account, and to take things slowly at the outset.

By following these tips, you can give yourself a better chance of success at getting started in the world of forex trading. Remember: choose a good broker, learn the ropes with a demo account, and above all, take it slow.