NEW TO FOREX

NEW TO FOREX
How to begin trading? If you are an investor or considering being one via HEDEFONLINE, you will benefit from various advantageous. First one is the virtual account consisting of 50.000 dollars cyber balance before starting a real account. As a result you can follow news and graphics from real-time data and see your profit or loss without any financial risk. Thus, you can prepare yourself to a real-time trading with your virtual account.

As a first step, you must decide which parity you want to trade. The main purpose of FOREX is trading amongst currencies through the market rates and price. In order to open a position one should choose whether to buy or sell parity in question. If you make converse transaction, your account will not close as long as you sell what you buy or you buy what you sell. In other words your profit or loss will not be reflected as cash.

If you believe EURO will increase against DOLLAR on EUR/USD parity, you can change into buying for EUR/USD parity. If you believe the market will increase to the limit you want according to your assumption, you can make converse transaction by selling (EU/USD), close your account and make profit.

USD is the dominant currency unit accepted in this market. The parities such as USD/ JPY, USD/CHF, USD/CAD are major parities and as seen from the denominator, it gives other currency’s exchange rate in exchange for 1 dollar. For example the price is 110.30 for USD/JPY. This means by giving 1 USD you can buy 110.30 Japanese Yen. The other accepted parities are also EURO/Dollar and GBP/Dollar and neither the numerator nor the dominator will change. For example the price is 1.1450 on EUR/Dollar parity. In exchange for 1 EUR you can buy 1.1450 dollars.

There are two types of prices for FOREX pricing. This is called as spread. Generally 1-2 pips price difference occurs between buying and selling. “ask” price is Broker firms price selling price; while it is your buying price. “bid” price is Broker firms buying price; while it is your selling price.

Hedefonline gives the opportunity to benefit from 1/400 leverage system with online platform margin control system. This platform automatically permits the investors to control his/her investments and margin; and enables to trade with an adequate margin. In addition, in case your account is inadequate for trading, the system targets to protect your account from a hazardous condition by closing all of the positions.