Perbezaan Forex dan Saham

Perbezaan Forex dan Saham dapat diterangkan dengan mudah melalui gambar rajah dibawah.

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Matawang Forex

Di dalam pasaran Forex, matawang diniagakan secara berpasangan. Ianya diniagakan secara berpasangan kerana dalam dagangan mestilah ada beli & jual. Contoh pasangan matawang ialah GBP/USD. Jika kita membeli 'BUY' pasangan ini, bermakna kita membeli GBP (Great Britain Pound) dan menjual USD (US Dollar).

Terdapat 7 matawang utama atau major yang sering didagangkan iaitu USD, GBP, EUR, CHF, JPY, CAD & AUD. Matawang minor pula ialah matawang seperti NZD & SGD yang turut didagangkan tetapi tidaklah menjadi favourite (kegemaran) pedagang atau traders kerana matawang ini tidak begitu rancak.

Currency pair pula terbahagi kepada 2 jenis iaitu major pair dan cross pair.

Major pair ialah semua currency pair yang salah satu pair merupakan USD. Semua currency pair yang berpasangan dengan USD dipanggil major pair. 4 major pair yang paling utama ialah EUR/USD, BP/USD, USD/JPY dan USD/CHF.

Cross pair ialah semua currency pair yang tidak berpasangan dengan USD. Contohnya EUR/JPY, EUR/CHF, GBP/JPY, EUR/GBP dan sebagainya.

Bagi pendapat admin, untuk mendapatkan pulangan keuntungan yang tinggi, anda disyorkan agar fokus kepada pasangan matawang yang kuat/lemah seperti GBP (kuat berbanding) JPY dan sebagainya.

Currency Nicname (Nama Samaran Matawang)

Didalam laporan berita atau news yang dikeluarkan oleh agensi-agensi berita Forex, matawang juga dikenali dengan pelbagai nama samaran atau nickname. Jangan pula anda terkejut bila membaca berita mengenai matawang seperti greenback, cable, kiwi, aussie dan sebagainya. Itu hanyalah sebagai nama samaran atau nickname sahaja. Berikut adalah sebahagian daripada nickname bagi matawang

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Pengenalan Forex

Disini, admin akan berikan penerangan ringkas tentang Forex agar anda semua lebih memahaminya tetapi jikalau anda inginkan kefahaman secara lebih mendalam, sila rujuk "Sejarah Forex Trading" dan "Ringkasan Pengenalan Forex" (dengan klik tajuk tersebut) yang telah disediakan oleh admin.

Ringkasan tentang FOREX boleh diterangkan seperti berikut:

• FOREX – FOREIGN EXCHANGE.
• FOREX wujud sejak tahun 70-an.
• Lebih 4,500 BANK dari SELURUH DUNIA turut BERDAGANG dalam FOREX.
• Pasaran FOREX dibuka 24 JAM sehari, 5 HARI SEMINGGU.
• Pasaran DUA HALA – Boleh menjana keuntungan ketika pasaran NAIK (BUY) atau TURUN (SELL).
• Pasaran tidak dikawal oleh mana-mana INDIVIDU, ORGANISASI, SYARIKAT atau NEGARA.
• FOREX adalah PERDAGANGAN TERBESAR DUNIA dengan jumlah dagangan harian melebihi 5 TRILLION SEHARI (tahun 2014).

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Six Steps Creating A Trading Plan

The main focus of this article is to guide you through the process of developing your system. While it doesn't take long to come up with a system, it does take some time to extensively test it. So be patient; in the long run, a good system can potentially make you a lot of money.

Step 1: Time Frame

The first thing you need to decide when creating your system is what kind of trader you are.

Are you a day trader or a swing trader? Do you like looking at charts every day, every week, every month, or even every year? How long do you want to hold on to your positions?

This will help determine which time frame you will use to trade. Even though you will still look at multiple time frames, this will be the main time frame you will use when looking for a trade signal.

Step 2: Find indicators that help identify a new trend.

Since one of our goals is to identify trends as early as possible, we should use indicators that can accomplish this. Moving averages are one of the most popular indicators that traders use to help them identify a trend.

Specifically, they will use two moving averages (one slow and one fast) and wait until the fast one crosses over or under the slow one. This is the basis for what's known as a "moving average crossover" system.

In its simplest form, moving average crossovers are the fastest ways to identify new trends. It is also the easiest way to spot a new trend.

Of course there are many other ways traders' spot trends, but moving averages are one of the easiest to use.

Step 3: Find indicators that help CONFIRM the trend.

Our second goal for our system is to have the ability to avoid whipsaws, meaning that we don't want to be caught in a "false" trend. The way we do this is by making sure that when we see a signal for a new trend, we can confirm it by using other indicators.

There are many good indicators for confirming trends, but Pipsurfer really likes MACD, Stochastic, and RSI. As you become more familiar with various indicators, you will find ones that you prefer over others, and can incorporate those into your system.

Step 4: Define Your Risk

When developing your system, it is very important that you define how much you are willing to lose on each trade. Not many people like to talk about losing, but in actuality, a good trader thinks about what he or she could potentially lose BEFORE thinking about how much he or she can win.

The amount you are willing to lose will be different than everyone else. You have to decide how much room is enough to give your trade some breathing space, but at the same time, not risk too much on one trade. You'll learn more about money management in a later lesson. Money management plays a big role in how much you should risk in a single trade.

Step 5: Define Entries & Exits

Once you define how much you are willing to lose on a trade, your next step is to find out where you will enter and exit a trade in order to get the most profit.

Some people like to enter as soon as all of their indicators match up and give a good signal, even if the candle hasn't closed. Others like to wait until the close of the candle.

One of the bloggers here in BabyPips.com, Pip Surfer, believes that it is best to wait until a candle closes before entering. He has been in many situations where he will be in the middle of a candle and all of the indicators match up, only to find that by the close of the candle, the trade has totally reversed on him!

It's all really just a matter of trading style. Some people are more aggressive than others and you will eventually find out what kind of trader you are.

For exits, you have a few different options. One way is to trail your stop, meaning that if the price moves in your favor by 'X' amount, you move your stop by 'X' amount.

Another way to exit is to have a set target, and exit when the price hits that target. How you calculate your target is up to you. Some people choose support and resistance levels as their targets.

Others just choose to go for the same amount of pips on every trade. However you decide to calculate your target, just make sure you stick with it. Never exit early no matter what happens. Stick to your system! After all, YOU developed it!

One more way you can exit is to have a set of criteria that, when met, would signal you to exit. For example, you could make it a rule that if your indicators happen to reverse to a certain level, you would then exit out of the trade.

Step 6: Write down your system rules and FOLLOW IT!

This is the most important step of creating your trading system. You MUST write your trading system rules down and ALWAYS follow it.

Discipline is one of the most important characteristics a trader must have, so you must always remember to stick to your system! No system will ever work for you if you don't stick to the rules, so remember to be disciplined.

Oh yeah, did we mention you should ALWAYS stick to your rules?

Source: Baby Pips

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Forex beginners...

Your success on Forex does not depend but on your experience and emotional stability. However, hopefully this essentials thing shall make your way to it smoother with the help of the following recommendations.

1. Go for the basics

First of all, one should acquire profound knowledge of financial markets and technical analysis, to realize the laws according to which Forex functions and how to make profit on it.

2. Start with a demo account

Starting trading on real accounts straight away does not help to obtain the abovementioned knowledge. While you are busy learning the basics, your capital is literally melting due to your lack of experience. You have a great opportunity to train your strategies on a demo account for a month or more. It is impossible to become a professional trader at once.

3. Get to know trading instruments

Before beginning work on the market, you should thoroughly examine the technical characteristics of the trading platform you chose and make everything clear. It will then help you to save much time and money.

4. Learn your rights and liabilities

Read carefully the documentation, regulating the relations between you and your broker and make sure you have understood everything. You have the right to know all the information concerning your work on the currency market.

5. Begin with small steps

You can employ micro forex accounts to start with. Assess your skills and abilities and develop them further operating with minimum investments.

6. Keep your cool

Do not go beyond your psychological comfort zone: if you feel that you are losing your cool, pass to smaller amounts.

7. Do not play with fire

Do not treat Forex like a money gambling game. As a rule, men of fortune do not manage to stay on this market long. You want forex work to bring you stable income. So, do not ever follow the “sink or swim” principle. Do not put at stake amounts you cannot afford losing.

8. Recognize your defeat

You should keep in mind that losses as such are usual constituents of trading on Forex. Make your conclusions and take a philosophical approach to this fact.

9. Trade within the set limits

Do not strive for opening as many deals as possible: you may fail to control them all. Trade rationally. Trading on several markets simultaneously is rarely successful at first, since they are regulated by different independent factors.

10. Save the money rather than boost

Bring your risks to minimum, even if it results in less profit. Your aim now is to learn how not to waste your capital. At the beginning stage, “saving” is much more important than “boosting”.

11. Consider possible risks

There is always a possibility of unexpected risks. You should have a certain financial reserve so that you could use it in case of a force-majeure situation. Analysts suggest investing not more than 50% of the total capital in trading and not over 10% - in a deal. Ponder over what part of these funds you feel ready to lose in case of bad luck. Set your own level of admissible risk (preferably, not over 5%).

12. Mind Stop Loss

Do not forget to employ Stop Loss. Improper assets management is the major reason for losses. Stop Loss is meant for preventing your losses, so learn to handle it and set it correctly.

13. Keep away from others’ influence

Elaborate your own strategy. Be careful to change it following someone else’s advice. One can carry out one deal only for the whole year and appear to be more successful than many intraday traders. There is no any system suitable for everyone. No one but you bears responsibility for you capital. Once you have shaped your own vision of forex trading and strategy, be critical to what others say to you. Otherwise, you may then regret having followed someone’s recommendation.

14. Control the situation

A profitable deal may in fact turn out to be unprofitable. If the trend seems favourable to you, thoroughly monitor your open positions, shift stop signals to protect your profit.

15. Do not go against the trend

Remember: trend is your friend. Hoping to earn profit, some invest their money when the trend is moving in an adverse direction. Yet, such a strategy is extremely perilous for a beginner!

16. Retreat if not sure

If the situation development falls short of what you have expected, close your positions. You should understand what is going on on the market, as haphazard actions are unreasonable. If you do not feel sure, retreat for a while. Do not waste your time trading unprofitably and do not attempt to have your money back at once. Keep energy to yourself.

17. Make a script of your trading

Fix all you do on the market in writing. It helps to develop analyzing skills. Write down the explanations of this or that decision you made, description of its effects and the conclusions you drew.

Source: Sabah Forex

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What is "Institute For Supply Management - ISM"?

A non-profit organization that serves professionals, who are employed in the supply management profession. The Institute for Supply Management provides educational resources to its members, as well as creating industry standards. ISM polls its members about factors affecting their business, compiling this information in reports, such as the Purchasing Managers Index (PMI).

BREAKING DOWN 'Institute For Supply Management - ISM'

The organization was initially called the National Association of Purchasing Agents, when it was founded in 1915. The name was changed in 2002. ISM also created the Certified Professional in Supply Management (CPSM) certification.

Source: Institute For Supply Management (ISM) Definition | Investopedia 

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What is "The Manufacturing Purchasing Managers' Index (PMI)"?

The Purchasing Managers' Index (PMI) is an indicator of the economic health of the manufacturing sector. The PMI is based on five major indicators: new orders, inventory levels, production, supplier deliveries and the employment environment. The purpose of the PMI is to provide information about current business conditions to company decision makers, analysts and purchasing managers.

BREAKING DOWN 'Purchasing Managers' Index - PMI'

The information to produce the PMI is gathered using monthly surveys sent to purchasing executives at approximately 300 companies. A PMI of more than 50 represents expansion of the manufacturing sector when compared to the previous month. A PMI reading under 50 represents a contraction, and a reading at 50 indicates no change. The Institute of Supply Management (ISM) generates the PMI each month. Although the ISM publishes several indexes, the PMI is the most widely followed and is sometimes referred to as the ISM index.

How PMI Impacts Management Decisions

PMI is a critical decision-making tool for managers in a variety of roles. An automobile manufacturer, for example, makes production decisions based on the new orders it expects from customers in future months. Those new orders drive management's purchase decisions about dozens of component parts and raw materials, such as steel and plastic. Existing inventory balances also drive the amount of production the manufacturer needs to complete to fill new orders and to keep some inventory on hand at the end of the month.

Suppliers also make decisions based on PMI. A parts supplier for a manufacturer follows PMI to estimate the amount of future demand for its products. The supplier also wants to know how much inventory its customers have on hand, which also impacts the amount of production its clients must generate. PMI information about supply and demand affects the prices that suppliers can charge. If the manufacturer's new orders are growing, for example, it may raise customer prices and accept price increases from its suppliers. On the other hand, when new orders are declining, the manufacturer may have to lower its prices and demand a lower cost for the parts it purchases.

A company uses all of this PMI information to plan its annual budget, staffing levels and to forecast cash flow.

Factoring in Imports and Exports

PMI also provides information on imports and exports, which are important statistics for businesses that operate overseas. Assume, for example, that the automobile manufacturer purchases steel in the United States and from China. If imports are increasing, that trend will have a negative impact on U.S. firms that sell the same product. On the other hand, if exports by parts manufacturers are increasing, a parts supplier may demand higher prices from U.S. companies that need to purchase its products.

Source: Purchasing Managers Index (PMI) Definition | Investopedia

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