Forex Intro

Forex (Foreign Exchange) is the name given to the "direct access" trading of foreign currencies. With an average daily volume of $1.4 trillion, forex is 46 times larger than all the futures markets combined and, for that reason, is the world's most liquid market. In the past, forex trading was limited largely to enormous money center banks and other institutional traders. But in just the past few years, technological innovations and the development of online trading platforms allow small traders to take advantage of the significant benefits of trading foreign currencies with forex.
In contrast to the world's stock markets, foreign exchange is traded without the constraints of a central physical exchange. Transactions are instead conducted via telephone or online. With this transaction structure as its foundation, the Foreign Exchange Market has become by far the largest marketplace in the world.
Currency pairs is a combination of two currencies by means of which display a rate of one of currencies in relation to another. The currency, costing the first in a combination, refers to the basic. The currency, costing in a combination, it is accepted the second names quoted. The exchange rate speaks about that, how many the quoted currency give for the basic currency.

Thus, rate EUR/USD 1.2879 means, that for 1 euro (EUR) give 1.2879 US dollars (USD). Rate USD/JPY means, that for 1 US dollar (USD) give 104.96 Japanese yens (JPY). By the way, quotations in international currency market FOREX are usually expressed by five--place number. Examples of currency pairs: * EUR/USD - euro / the American dollar;
* USD/JPY - the American dollar / the Japanese yen;
* GBP/USD - the British pound / the American dollar;
* USD/CHF - the American dollar / the Swiss franc;
* USD/CAD - the American dollar / canadian dollar;
* AUD/USD - the Australian dollar / the American dollar.The information on columns: * Currency - the name of currency pair
* Last - the size of last quotation
* Bid - the quotation on sale
* Offer - the quotation on purchase
* Change - a deviation of the quotation from daily average
* High - the maximal quotation for day
* Low - the minimal quotation for day
* Time - time of last change of quotation
* Open - the quotation at opening period
* Close - the quotation at closing the periodThe difference of quotations is usually measured in items - 1 item corresponds to unit of the younger category of number of the quotation.Having cluck on number in column Bid you can place an order on sale, and in column Offer on purchase of corresponding currency. The difference between quotations in these columns makes commission Marketiva (spread). That is for example, having bought and at once having sold (not waiting changes of the quotation), you will lose currency from 3 up to 5 items at work with primary currency pairs (that is, that are correlated with US dollar - USD). For secondary currency pairs this difference can make up to 12 (and can and more) items.Having cluck on button Subscriptions you can choose (to add, remove) those currency pairs, which quotations you wish to receive. Button Columns allows to choose columns which you wish to see in this window.Except for that in this window there is bookmark Latest News having cluck on which you can see the latest news and as to subscribe (unsubscribe) on (from) corresponding groups of news, which can as-or to affect a condition of the currency market so to help you with the analysis of tendencies of its change.

The first field I think clearly without comments. Buy/Sell - a choice of type of operation, you wish to buy quoted currency (euro) or to sell. Now very essential fields Price and Price Type. You have an opportunity to choose one of three types of the price:
Market (it is chosen by default - thus change of a field of the price is not accessible), will make operation at the price of which it is known at the moment of receipt of the application, operation is carried out immediately after receipt.
Limit (operation with restriction) - allows to choose a ceiling price on which you are ready to make purchase or minimal on which are ready to make sale. Operation is carried out after crossing border current by set you.
Stop (the stop of movement) - allows to wait changes of a direction of movement of the price. For example you wish to buy as it is possible more cheaply when the price will start to grow, but do not know where movement of the price will go. You can expose stop-warrant on purchase above the current price (if it was the Limit-warrant purchase would occur immediately). Now you wait where movement of the price and if the price continues to fall will go, correct the warrant on lower threshold, well and if the price will start to grow there will be a purchase. I.e. you have waited changes of a direction of movement of the price.Duration - validity of the application.Duration Type - a way of cancellation of the application (by default Good till cancelled - while you do not cancel the application). Good Till Date - remains it is valid before the date chosen by you. Immediate or cancel - the warrant will be immediately executed (if satisfies to other conditions) or is excellent.Quantity - quantity of currency. It is underlined in cents.Quantity Type - type of quantity, only completely (Full) or it is possible partially (Partial). Actually there is no difference what type of the sum you expose opening the warrant: Full or Partial. This option is given for other kind of actives and is not used at trade in the market Forex. It is possible to ignore it at trade.Exit Stop-Loss - the price at which you wish to close a position after performance of the warrant if the direction of movement of the price mismatches your forecast, i.e. with negative result of commercial transaction.Exit Target - the target price of end of the transaction. The price on which you plan to receive profit and automatically to close the transaction.Desk - you can choose Live Trading - real or Virtual Trading - the virtual account (for trainings).Text - simply comment for itself.