Equipment to Start Trading

• A set of Computer / notebook ( Pentium 3, and above or equivalent. Recommended Pentium 4 and above )

• Windows Operating System ( 2000, XP, or Vista )

• Adequate Internet Connection ( 56 k and above recommended )

• Software provided by broker ( Metatrader )

• OS based PDA windows mobile

• Environment and a comfortable place for trading so you want be distracted by other things

• Choose a reliable company, adressed clearly, has been in operation long and legal status / unregulated ( fully licensed and not just a PO BOX address or not clear ).

Trailing Stops

• A trailing stop is a feature of many trading applications which helps you lock in profits. The software will watch each of your positions. Each time one of your long positions goes up, the software adjusts your stop loss. If the prices moves back down a predetermined amount, you will hit the stop loss, and the software will automatically sell your stock. The software constantly compares the current price of each of your long positions the highest price since you owned the stock. Short positions work the same way, but the direction is reversed.

• ( Right Click on your order who want in trailing ( in the column trade terminal ), then select the function "Trailing Stop").

• is a function which can protect your profits when reaching a certain point.

• raised by an automatic stop loss gradually.

• set trailing stop in 15 points, meaning when your profits have exceeded 15 point ( i.e.16pips)

• the function of this trailing stops would be activated, but if it had been not touched traling stops +16point yet.

• to use this trailing stops, your computer must be in the on state and also have online.

because the trailing stops function is running on your computer and the server is not a broker, but if the computer off and on your back, the function trailing stops will be able to walk back to continue the previous ( if still posible ).

Introducing About FXOPEN

FXOpen provide opportunity for individuals and private companies to trade on financial markets under equal conditions like traders operating in traditionally closed financial centers and institutions.

In 2003, FXOpen opened as an educational center in Cairo, Egypt educating and preparing individuals and groups in technical analysis for stocks and foreign exchange.

In early 2005, FXOpen opened its own dealing service, and has since been at the forefront of the Retail Forex industry by striving to offer the best trading conditions, training and financial services to traders around the world.

FXOpen is a true success story achieved with strong customer service principles, flexible options, attractive promotions and a dedication to being the best.

Now in 2009, in addition to servicing Retail Forex clients via the industry standard trading platform, Metatrader 4, FXOpen is proud to announce the launch of its innovative ECN/STP service.

The FXOpen ECN/STP service is unique in the way that it bridges the world's top liquidity providers into one MT4 platform offering not only an ECN price feed but also true ECN/STP execution and fills. FXOpen also provides an excellent PAMM service that combines multiple accounts into one account for the convenience of money managers.

From inception, FXOpen, has been one of the foremost trading service for Islamic traders with Sharia compliant swap free accounts being provided to give Muslims the same opportunity as is offered to clients worldwide. As a company with a global vision, FXOpen has been and always will be a company that tries to understand the different needs of traders from all cultures and beliefs.

FXOpen, with its extensive global reach, wide range of services, strong growth and experienced team of professionals, is your best traveling partner along the road to success.

Our mission — To always put YOU first with exceptional client services, trading reliability and a winning attitude.

Advantages:

• Spreads — starting from 0.5 pips on EUR/USD.
• Minimum deposit for micro accounts — only $1.
• Minimum deposit for standard accounts — only $25.
• Minimum deposit for ECN/STP accounts — only $1000.
• Margin leverage from 1:1 up to 1:500.
• Free unlimited demo accounts available.
• Technical research and market news available regularly.
• Experienced and helpful support.

• Bonuses on new accounts.
• Trading contests.
• PAMM accounts.
• MetaTrader 4 platform.
• MetaTrader 4 PDA platform.
• MetaTrader 4 Smart Phone platform.
• Islamic accounts.
• ECN/STP accounts with Level II software.

Basic of Fundamental Analysis

- Any person who wants to learn FOREX, needs to know about Fundamental Analysis of a Country and develoving Countries.

I. The Basic Concept of An Economy

The performance of an investment will be influenced by the economy. The effect of inflation or deflation may interfere with anticipated returns. Thus, the direction of the economy must be considered when formulating an investment strategy.

A. The Business Cycle

The business cycle represents a repetitive succession of changes in economy activity. The business cycle has four phases: expansion ( also called recovery ), peak, recession ( also called contraction ), and trough.

What does If My Computer Off ?

• If your computer is OFF or Not Connected to the Internet then all your orders will still be automatically stored on the server broker of this Money Market (market), so even if your computer is in a state off the order you will be able to walk and executed by itself in the market based on your position, TP, SL and Pending Order that you have previously set.

• EXCEPT the use of scripts, Robot and Trailing Stop, then your computer should be in a state of Visitors and connect smoothly to the Internet (because it is not stored on the server broker). You should use a VPS facility if you want to run 24 hours online without end.

Important Rules Of Trading

• Be disciplined
• Use money management in your trading
• The market is never to high to buy or to low to sell
• Every trader has losses, don’t let your losses get to you psychologically
• There is no such thing as talisman. Use common sense along with your method of trading. If your indicators are telling you one thing but the market is obviously doing something else, listen to the market
• The market is always right
• Never trade with money you cannot afford to lose
• Only trade markets you are sufficiently capitalized for
• Don’t try and regain all your losses in one trade
• Don’t blindly follow someone else’s recommendations. Do your own homework
• If it’s not going well, take a break for a few days or weeks. Get back when you are mind is at peace
• Don’t trade too many markets. It’s better to be an expert in one market than a novice in many
• Be patient. Wait for the right opportunities. Don’t just trade for the sake of trading
• If the reason you entered the trade is no longer there, get out
• Always use a protective spot to limit your losses
• Always have a game plan. Never enter a trade unless you know where you should get in and where your exit is
• Always cut your losses and let your profits run. Take small losses and large wins
• If your method of trading is working don’t change it!
• By the time you enter a trade you should already know what you are about to do and what you expect from the trade. Placing the trade should be the easiest part of trading. If you are still trying to work things out when entering that particular trade you are not ready for that trade
• The market is not fighting you, so you shouldn’t fight it back

Take Profit ( TP) and Stop Loss ( SL)

Take Profit :

• An order to close out a position at a certain level, better than the current price meaning. Serves for profit fixation.

Stop Loss :

• An order to close out a position at a certain level, which is worse than the current price meaning. It serves to limit losses.

Fast Market and Slippage

Fast Market / Hectic / Volatile Market :

• The term, which characterizes the frequency of changes in the currency rate on the market in a period of time. As a rule, high volatility is characterized by sharp fluctuations of the rate in the market.

Slippage :

• a state in which order we missed a few points so far from the point that we order (this is because prices have jumped due to market volatility or Hectic / Fast Market). Usually occurs for trapping technique (Stop Buy, Sell Stop) is too close to the scene on Important News (Big News)

Buy Stop and Sell Stop Order

• Buy Stop is an order to buy currency on a higher rate, than it is in the market at the moment.

• Sell Stop is an order to sell currency at a lower rate, than at the moment

Pending Orders

• Pending order is an order that has not been done, but it will be done when it touches a certain price point to order the price you specify.

• As for the various pending order is :

• Buy Stop
  

• Sell Stop
  

• Limit Buy

• Limit Sell
  

How It does Work Trailing Stops

Example :

• You set the numbers Trailing Stops 20 points, and you order Buy the market on the price of 1.3000, when the price rises to 1.3021 then the Trailing Stop will be activated in a way to set to Stop Loss (SL) automatically in the price of 1.3001 (to protect your profit with 20 pips distance , i.e. from 1.3021-20 = 1 pips profit)

• If then the price rises to 1.3030 SL then you will automatically participate in the increased 1.3010

• and when it fell from 1.3030 to 1.3015 then the SL will be fixed at 1.3010 and does not go down, because to protect your profits that have been locked by the Trailing Stops function.

• So that the Trailing Stops is also able to get the maximum profit (especially in the moving market trending or hectic / fast. With TS you do not have to worry about floating your profit will turn into losses).

• Use of this Trailing Stops you should consider the market situation as well, because the Trailing Stops will be active after touching point of the set point Trailing Stops profit that we set earlier.

Hedging

• Hedging/ Locking

• Concluding urgent transactions on currency exchange to avoid price fluctuations. The point of hedging is in selling (buying) currency contracts for the term with the simultaneous selling (buying) of currency at disposal, with the same term of supply, and carrying out the reverse operation when the term of the actual currency supply will come.

Examples :

• your order Buy EUR/USD at 1.3000 and then the position you are suffering from loss -50pips ( price EUR/USD it was moving the drop to 1.2950 ).

• then the position is your key at 1.2950(hedging) with a new way in order sell at 1.2950 on EUR/USD again in the number of lot size are as large as the initial position.

• so in this way then your loss will still floating around on -50 points, until then one or both of these hedge positions before you close and your floating will open and change its value.

• so with the example of these hedging price falls despite continued towards 1.2300 or even at any price then you are floating loss position remain around -50 points.

• Hedging strategies can also be used for your trading technique variations

Margin Call

• Margin Call : A requirement for additional funds or other collateral, from a broker or dealer, to increase margin to a necessary level to guarantee performance on a position that has moved against the customer.

Example :

Amount of your money $3000, and you open 1 lot size position in USD/JPY at leverage 1:100 (1%). The required margin is $1000. If the rest of your money equity is down due to the floating loss to reach $1000 or below it, then open your position will be automatically forcible closed by the system.

• If trade, do not use a lot size ratio is too large compared to your equity capital, because you can get a margin call with easy.

• margin call also service to limit your money so your money do not become negatif doe to losses that occured in your order
  

Balance, Equity and Margin Column

• Balance : the total financial result of all fully executed transactions and deposits/withdrawals to/from an account.

• Equity : the secure part of the client account, considering the open positions, bound with the balance and floating rate (profit/loss) by the following formula: Balance + Floating rate, the funds on the client account less the current amount for the open positions, plus the current earnings for the open positions

• Margin : The required equity that an investor must deposit to collateralize a position equal to 1% (when leverage = 1:100) of an open position deposit.
  

• Free Margin : the funds, which are not used for the security of the opened positions. It is calculated by the formula: Free Margin = Equity – Margin.
  

• Margin Level : determines the condition of an account. Calculated according to the formula: (Equity / Margin) * 100%.

( In Fxopen, if the margin drop below this level is 5% then you will loss total and out money )

Calculation of Profit and Loss

• For Direct Currency ( which was in the back of USD, for example: EUR/USD, GBP?USD,etc)

Formula :

( Sell - Buy ) x Lot x 100,000
( 100,ooo is derived from the regular contract value )

Example :

Buy 1 lot EUR/USD from 1.4500 to 1.4530
( 1.4530 - 1.4500 ) x 1 x 100,000 = $300

• For Indirect Currency ( which was in front of USD, for example: USD/JPY, USD/CHF, etc )

Formula :

( Sell - Buy ) x lot x 100,000 ) / close price

Example:

Sell 2 lot USD/JPY from 90.50 to 90.00
(( 90.50 - 90.00 ) x 2 x 100,000 ) / 90.00 = $111.11

• For Cross Currency ( which is not comparable with USD , for example : GBP/JPY, EUR/JPY )

Formula :

• if it's currency manifold counter direct

( Sell - Buy ) x lot x 100,000

Example :

Buy 3 lot EUR/GBP from 0.9050 to 0.9100
close price of GBP/USD at that time is 1.6250 ( it's counter currency is GBP/USD )
( 0.9100 - 0.9050 ) x 3 x 100,000 x 1.6250 = $2437,5

• if it's currency manifold counter indirect

( Sell - Buy ) x lot x 100,000 ) / close price it's counter currency

Example :

Sell GBP/JPY 4 lot from 148.50 to 148.30
close price of USD/JPY at that time is 90.50 ( it's counter currency is USD/JPY )
(( 148.50 - 148.30 ) x 4 x 100,000 ) / 90.50 = $883.98

Ilustration of Use Leverage and Margin

Illustration ( For example by setting 1:200 leverage on your account )

• You want to buy $100,000 USD/JPY at market ( 1 lot 0f regular )

• You do not need to spend capital money $100,000

• But You can spend money just for the guarantee of 0.5% from his &100,000 is only $500

( for leverage 1:200, margin 0.5% )

• And if You make a profit from the transaction, then the results You can be as much as You trade with using the $100,000 directly in the market without any leverages.

• And if the lost wass You are also only loss of $500 and not $100,000

( You can also limit your losses with stop loss ( SL ) )

• So that in FOREX trading is more profitable modern and lower risk than the traditional type because of leverage and margin facilities in the modern forex. Besides potential outcome ( gain ) was also obtain as much.

With high leverage facilities can also increase the resistance of your point.

Margin Calculation

• For Indirect Currency ( USD/JPY, USD/CHF, etc )

Formula :

Lot x 100,000 x % margin ( 100,000 is derived from the regular contract value )

Example :

Buy 0.2 lot USDJPY at 85.00, with leverage 1:200
= 0.2 x 100,000 x 0.5% = USD 100

• For Direct Currency ( EUR/USD, GBP/USD, AUD/USD, etc )

Formula :

Lot x 100,000 x % margin x market place

example :

Buy 2 LOt GBP/USD at 1.6000, with leverage 1:200
= 2 x 100,000 x 0.5% x 1.6000 = USD 1600

• For Cross Currency General

( GBPJPY, EUR/GBP, and other currencies that are not proportional to the USD )

Formula :

Margin for cross currency/rate is calculated from base currency
( from the currency in front of )

example :GBP/JPY : base currency is GBP

Buy 3 lot GBP/JPY at 148.00 with leverage 1:200
( example: at that time GBP/USD at 1.6650 )
= 3 x 100,000 x 0.5% x 1.6650 = USD 2497.5

You will not be able to order if the rest of your free margin is insufficient. By therefore adjust the use of capital strength it's lot with u.

Kinds of Leverage

There are several kinds of leverage in general, namely:

• 1:1 means cash bail= contract value ( 100% ) without leverage

• 1:100 means the guarantee money 1% of contract value

• 1:200 means the guarantee money 0.50% of contact value

• 1:500 means the guarantee money 0.20% of contract value

( You should not use the low leverage, such as 1:1, 1:50, as it takes a very large capital )

Description: Security=Margin

Assurance ( margin ) will be returned to your account balance portfolio again in full after your order closed position or liquid.

Leverage and Margin

I don't have enough money to buy 100,000 EUR, how do I?
The answer:with the use of leverage and facilities are available margin.

Illustration :

"Leverage" is like we borrow money temporarily on the company's broker with a certain amount and by providing some assurance that called the" Margin". The amount of Margin is determined by the amount of our leverage facility.Greater it's leverage ( example: 1:500 ) then the necessary guarantees were also more efficient and profitable.
( In FOREX each transaction must have margin )

Leverage is not influential in large units profit or loss us ( meaning: is not influence on the value of point ). Laverage affects only the amount of margin only. The greater of leverage You can use a lot more and more, because the required security value only slightly in the lot ( is like gun, if leverage higher the bullet that is going more and more than leverage ). Leverage is not a big imfact on the risk, because risk actually most influenced by how is your techinique trading, capital ratio, setting stop loss ( SL ), and risk management. High leverage expand your trading space and more profitable flexibility.

Sample Order

Press F9 key to make order in metatrader, or click 2x in its currency in the market watch screen

Example :

6 pm (wib ) position of EUR/USD at the price "Bid / Ask = 1.4600/14602
( at the moment we order pairs of positions Bid ( Sell ) at rate 1.4600 )
and after that in our account portfolio will directly ( minus ) -2 floating point because there.This spread is the difference ( the differnce between the buy price and sell price of his ).

than after that in the hours of 7 pm ( wib ) position EUR?USD turned into price " Bid/Ask = 1.4580/1.4582
( at this moment we close our position reply from 1.4600 at 1.4582 rate seen his number ask )
In this example, we will make a profit of 1.4600 - 1.4582 = 18 pips

If we order the Bid ( Sell ), and then if the price of his ask ( Buy ) move down more smaller than our bid price initially, then we will get a profit.

If we order by ask ( Buy ), and then if the price of his bid ( Sell ) move up ask us the price exceeds the original, then we will get a profit

But if instead it will loss ( or Floating Loss )
Floating : when the price position we have not been closed ( liquid to be realized ) and stil a position floating in the market moving.

Reading Price Buy and Sell

• Sell is often referred to as bid or shortter, while buy is often referred to as ask ( offer ) or longterm.

• Buy ( ask ) if it expects the price of its currency pair moves up for profit. ( Buy= price you buy currency at the market ).

• Sell ( bid ) if it expects the price of its currency pair moves down for profit. ( Sell = price you sell currency in the market ).

Illustration :

• Buy EUR/USD means buy EUR and Sell USD

• Sell USD/JPY means sell USD and buy JPY

example :

Buy EUR/USD 1.4600 means that 1 EURO buying and Sell 1.4600 USD

How to Reading Economic Conditions

Illustrations :

• If the US economy stronger than Europe, then the price of the currency pairs pair EUR/USD will fall ( Sell EUR Buy USD or Sell EUR/USD )

• If economic conditions weaken the USA than Japan, then the price of the currency pairs pair USD/JPY is going down ( Sell USD buy JPY or Sell USD/JPY )

• When the british economy stronger than Japan, then the price of the currency pairs pair GBP/JPY will rise ( Buy GBP Sell JPY or Buy GBP/JPY )

Important note :

If the condition of the country then do orders rise in price buy respective currencies for profit
but if weekened then do sell order to profit in the currency.

Contract Value ( Quantity Contract Size )

Contract Size is usually determined on the basis of lot,namely:

• 0,1 Lot : Unit value of the contract : $10,000 ( mini account )

• 1 Lot : Unit value of the contract : $100,000 ( standard account )

Contract value is not capital, but Contract size and margin set value per point

How to know contract size in Metatrader 4, namely click Right at the table of currency prices
( market watch ) Money Currency Symbols select properties

In modern FOREX trading, you do not need to spend capital for contract value, you can do trading with warranty ( margin )

Unit Price in FOREX & 5 Digit

Pip or the point : the smallest unit for movement in the FOREX
Example :

1.4800 prive moves to 1.4815, the means to move up 15 pips
and pips determine your profit and lose.

Lot : units of the contract ( contract size ) or volume
1.0 Lot = $100,000 contract size quantity
0.1 Lot = $10,000 quantity contarct size

Example : Buy 2.o Lot of EUR/USD at 1.4750, means Purchasing 200,000 EUR by exchanging
( selling ) 1.4750 x 200,ooo = USD 295,ooo

Spread : Sell price difference and Buy ( difference between bid and ask prices )

Account Type : Standard Account ( can be used 1 lot and 0.1 lot )

How Much Capital For FOREX trading ?

Type Of General Account :

• Micro Account ( Micro Lot ) : with units from Lot 0.1 and Lot 1, used to specific Meta Trader Chart, Starting with 1 pips = 1 cent -10 cent. The Recommended minimum capital $100

• Mini Account ( Standard Account ) : with units from just Lot 0.1, Start with 1 pips=$1. The Recommended minimum capital $200

• Regular Account ( Standard Account ) : with units from Lot 0.1 and Lot 1, Starting with 1 pips=$1-$10. The Recommended minimum capital $5000

In our mini account and Regular Account is distinguishable from lot use only, and not from your capital.

( Note also Contract Size )

Differences of Modern FOREX and Traditional FOREX

Differences of MODERN FOREX and TRADITIONAL FOREX

FACILITY	MODERN	TRADITIONAL
Minimum Initial Capital	Under$500	$100,000
Leverages	higher	nothing( only 1:1 )
Price Difference	2-3point	Average of Around 100 point
Commission	Nothing	Yes and Variation
Trading System	With Margin	Cash
Place	Free( Internet Connection )	Bank or Money Changer
Order Type	Variation	Only Sell and Only Buy
Otomatic Trading	Yes	Nothing
Transaction	24 hours	Follow with Bank Hours
Liquidity	more than $2 Trilyun/days	Depending Stock Bank
Order Execution	Direct Market Watch	Waiting List
Demo Account	Yes and Free	Nothing
Order Facility	Variation	Only Buy and Only Sell

Benefits of Online FOREX trading

• Without Trading Commission, Without a Broker Commission

• Different between selling price and purchase ( spread ) is very low ( 2-3 pips )

• 2 ways opportunities ( both can benefit from the price rises or falls )

• no middleman

• Laverage that allows small capital to trade in large quantities

• In Modern able to trade FOREX only with security ( margin ), which is very small

• Controlled Risk for the use of capital of smaller than the value of trade

• Could 24 hours ( you are free to enter the market without the confusion of working hours

• Very Liquid

• Can be started with small capital

• Contract lot size and a flexible

• Can automatic trading with a robot ( metatrader )

• The basic function of orders is very easy to understand and not compicated

• Income return can produce a very high ( for the professional level )

• FOREX market is not going bangkrupt because of economic concerns countries in the world

Market Hours

• FOREX Markets move and open 24 hours

• Holiday world financial markets on saturday, sunday, and holiday such as the international new years.

Time Zone

• Asia Time( Tokyo ) :6 am - 3 pm ( WIB/GMT+7 )

• Europa Time ( London ) : 2 pm - 11 pm ( WIB/GMT+7 )

• USA Time ( New York ) : 7 pm - 4 am ( WIB/GMT+7 )

Executors Market

who are the actors and participants in this forex market ?

• Government, State

• Company, Factory, Industrial

• Financial Institutions

• Banks

• The Brokers

• Business Executors

• Society ( Retail Customers )

Examples of successful of the world :

George Soros ( on of the richest 100 people in the world ), Larry William ( with only $10,000 capitalize within 1 year had produce a total profit of $ 1 million in the FOREX world race in a few years ago, and that is real money, not a demo! )

Currency Pairs

Currency Pair Group ( Pairs ) :

• Currencies Direct : ( EUR/USD, GBP/USD and Currency his other USD in the back )

• Currencies Indirect : ( USD/JPY, USD/CHF, and Currency his other USD in above )

• Cross Currencies Rate : ( GBP/JPY, EUR/CHF, namely currency are not compare with USD )

Base and Counter :

Example :

GBPUSD

this means the base currency GBP and the counter currency USD

Is It Halal FOREX Trading ?

• International FOREX trading is a 100% free of tax, and legal according to law, and legal government of religion.

• FOREX or Foreign Exchange Trading is not gambling, because FOREX trading can be analyzed by real, besides the same FOREX trading in general and only different in the object alone ( in FOREX is the currency of the objects, while the objects is a general trading of good or service ).

• FOREX can be mean like you change your money at the Money Changer by utilizing foreign exchange purchasing price.

• FOREX trading on FXOPEN is not a form of investment or HYIP, but in our FOREX trading is to trade the currency in which you own the transaction in the market, therefore all the risks and benefits is purely from your own fully control it!. While our brokered company only to profit from the difference between selling and buying price ( spread ) of the transaction in the market, regardless of loss or profit. And there is no additional tax or commissions is charged back to you. So there is no reason for us to run the company client funds as investment companies or HYIP can be at risks for losing trades and collapse. Our company have only Mediator to the world currency markets and bring together between sellers and buyers are automatically online and realtime!
  

The Top Currency Trading

• EUR = "Euro" ( Europe Currency )

• GBP = "Pound sterling" ( British Currency )

• AUD = "Aussie Dollar" ( Australian Currency )

• NZD = "Kiwi" ( New Zealand Currency )

• JPY = "Yen" ( Japan Currency )

• CHF = "Swiss Franc" or "Swissy" ( Swiss Currency )

• CAD = "Canada Dollar" ( Canada Currency )

• USD =" US Dollar" or "BUck" ( U.S. Currency )

• And Etc

Utilizing Investment Business Opportunities

In Central of Bubble Crisis Economic, You must be carefull for choosing something important in your life.You must be smart to manage your money.
If You have to plan investment, You must understand about temporary of company.
Now I try to information bussiness oportunity central of buble economic, I suggest you, please choose studying of FOREX ( FOREIGN EXCHANGE ) .

Do You know about FOREX?
What it is FOREX?

The Foreign Exchange Market, also referred to as the "FOREX", or "FX" is the largest financial market on the world, with a daily averages turnover of well over US$1 trillion -- 30 times larger than the combined volume of all U.S. equity markets. Unlike other financial markets, the forex market has no physical location, or central exchange. It is an over- the - counter market, where buyers and sellers including banks, corporations and private investors conduct business. A true 24- hour market. Forex trading begins each day in Sydney, and moves around the globe as business days begin in each financial center, first to Tokyo, London, and new York,. Unlike any other financial market, investors can respond to currency fluctuation caused by economic, social and political events at the time they occur - day or night. The huge number and diversity of players involved make it difficult for even governments, to control the direction of the market. The unmatched liquidity and around - the - clock global activity make forex the ideal market for active traders.

Traditionally the forex market was only available to larger entities trading currencies for commercial, and investment purposes through banks. Now trading platform such as FXOPEN Meta Trader, allow smaller financial institutions and retail investors access to a similar level of liquidity as the major foreign exchange banks, by offering a gateway to the primary market.

In the forex market currencies are always price in pairs; they for all trades result in the simultaneous buying of one currency and the selling of another. The objective of currency trading is to exchange one currency for another in the expectation that the market rate or price will change so that the currency you bought have increased it's value relative to the one you sold.
If you have bought a currency and the price appreciates in value, the trader must sell the currency back in order to lock in the profit. An open trade or position is one in which a trader has either bought/sold one currency pair and has not sold/bought back the equivalent amount to effectively close the position.

the first currency in the pair is referred to as the base currency, and the second currency is the counter or quote currency. This means that quote are expressed as a unit of 1 of the first currency quoted per the other currency quoted in the pair.

As with all financial product, FX quotes include a "bid" and "ask". The bid is the price at which a market marker ( FXOPEN ) is willing to buy ( and client can sell ) the base currency in exchange for the counter currency. The ask is the price at which a market marker ( FXOPEN ) is willing to sell ( and client can buy ) the base currency in exchange for the counter currency. The different between the bid and the ask price is referred to as the spread.

We will introduce here is the kind of modern SPOT FOREX

Trade on the FOREX is couple ( Pairs ) Currency is traded in the world General ( example : EUR/USD,GBP/USD,USD/JPY,USD/CHF,AUD/USD ) so FOREX means buying and selling a currency again other currencies in order to take advantage of the different up or down purchasing prices.

FOREX is like shares of a country, because motion based economic conditions the country.

Ilustration :

Buy EUR/USD means Buy EUR and Sell USDollar
Sell USD/JPY means Buy USDollar and Sell Japan Yen

Example :

Buy EUR/USD 1.4900 means that Buying 1 EUR with Selling 1.4900 USDollar

The Top Currencies Trading

• EUR = "EURO" ( European Currency )
• GBP = "POUNDSTERLING" or CABLE ( British Currency )
• AUD = "AUSSIE DOLLAR" ( Australia Currency )
• NZD = "KIWI" ( New Zealand Currency )
• JPY = "YEN" ( Japan Currency )
• CHF = "SWISS FRANC or SWISSY" ( Swiss Currency )
• CAD = "DOLLAR CANADA" ( Canada Currency )
• USD = "US DOLLAR" or BUCK ( USA Currency ), and etc
  

Is FOREX trading is halal?
Trading in the FOREX international is a 100% Free and Legal Tax by government law and religious law.
FOREX or Foreign Exchange trading is not Gambling, because FOREX trading REAL can be analyzed, besides that FOREX is also equal to trade in general and only differ in the object alone ( in FOREX is the currency of the object whereas in the general trade object is a good or service )
FOREX can mean you like to exchange money at money changer by utilizing the different in selling price of purchasing foreign exchange.