To demo Forex, look below

The demo Forex page was created to show you alot of useful stuff here by reading a little and seeing alot

Let me show you with charts what to look for and show you the Pips and how they work

Forex is basically short for "Foreign Exchange of Currency"

Trading currencies is really no different then trading stocks or commodities for this demo forex info will show you that they all move up and down and all we need is to know when its about to change direction and go with the trend

The big difference of Forex is the Leverage they offer and that the forex market is open 24 hours a day 5-1/2 days a week

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Do you want to see a Forex system at work just click below...

Click Here For a Forex money Maker ! ______________________________________________________________

If you want to watch Videos about the point value
called "PIPS" or other info then click the link below...

>>>>> click to watch Forex Videos >>>>>

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To read about Forex Pips click below ....

<<<<< Click for demo forex Pips here <<<<<

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Here is some info for free and its pretty good...below...

Now before we look at some forex charts let me show you how the Forex market works

Currencies are always traded by Pairs, like the US Dollar vs the Japanese Yen and what ever one is listed first that is the one the chart will show

So if you want to go long( which means go up) the US dollar then look at a chart USD/JPY, i wish i had a forex demo page when i was learning

Lets look to see what the chart is saying now as of 10-29-10 ....USD/JPY ...below...

Well you must realize that the Forex is highly leveraged and that just a small move is worth alot, so you need to be right on your decision and maybe you need some other indicators to help you choose when is the right time to buy (go long) or Sell (go short)

Lets make sure that you understand that the chart USD/JPY is not the actual price of the just the USD by its self

Its a combined chart of the strength and the weakness of both the USD and the JPY

I hope this page is worth your time and you learn something of value

Let me show you the actual price of the USD only and both of these charts were made on the same day 10-29-10, ...below...

Now let me show you what the buttons look like to buy or sell and how to use and understand them....Below...

That difference is what the exchange makes on your trade each time you trade, thats how they make money and there are different amounts on different Pairs, sometimes its 2 points and some pairs have a 5 point spread

Usually the more a Pair moves the more expensive it is to trade it because it makes you more as well if your right in direction

The GBP/JPY seems to be one of the most expensive at about 5 points different

Ok The most Important is to make sure your Quanity is right and as you can see that at the bottom the QTY says 100,000 forex demo says get it right and learn, its simple really.

You can change this to increments of 10,000, you can start at 10,000 but i like to trade the bigger contracts at 100,000

Ok also you must realize that the sell button does not mean that you are selling your position that you just baught, No not at all make sure you understand this

Every position needs the opposite position to close it out, so if you buy a position then yes you would need to sell it to close it out but if you sell a position first then you will need to buy it back to close it out

To sell only means to go short, you believe the market is going down like the USD is right now and you want to make money as it goes down, so you sell short and then later you will need to buy it back to close that position, understand? make sure you do!

Always the opposite to close your position, Always-Always-Always!

Lets look again at the button and this time you will see the "tick" value it looks like this - Tick.001=$1.24.. below..

That = $1,240.00 for every full point the currency moves, the currency is broken down into 1000 increments per point, and that is called a tick, 1/1000 is a tick for that pair

So if the USD/JPY moves from 80.703 to lets say 79.703 that would be a full point and that would = $1,240

As you can see since may it moved about 14 full points and that is alot of money, about $17,360 for one contract in about 5 months, with a 100,000 contract like the way i like to trade it and since the Forex is so leveraged at about a 100/1 that would only cost you about $1200 to enter the contract Demostrating to you how it all works.

Next i want to show you how some Day traders set up there screen to see more than one Currency at a time ...below...

I hope its all helping you understand the Currency market some. I know I learn best by pictures so I hope I show you enough of them

Here is a link for some good knowledge from wikipedia click the link ...below...

>>>>> Click here -- Forex Pairs--<<<<<

There are 8 major pairs with forex trading and they are the ones that include the US Dollar like USD/JPY and below I will show you the list, there is also what they call as minor pairs and cross pairs, lets take a look ...below

Here are the 8 Major pairs and as you can see they all have the US Dollar in them