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'Tiada pilihan, terpaksa hidup bersama COVID-19'

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'Tiada pilihan, terpaksa hidup bersama COVID-19'

A Step-by-Step Guide to Choosing an Online Degree Online Programs At one time, online colleges were rarely available – and when they were, the programs couldn’t hold a candle to traditional schools. Today, you can get an online degree in anything from business to history to nursing, and virtual programs provide you with a quality education. ow does Forex work? At the beginning of their trading career, there are many aspiring traders who will have trouble wrapping their mind around how Forex trading works or if Forex trading works at all. These questions point to the very heart of the problem – they are taking the wrong approach. False motives, unrealistic goals, greed, inappropriate haste, lack of effort and insufficient knowledge are the main reasons why many of those who try jump-starting a trading career leave disappointed and empty handed. Before you do anything, sit back and think about how much there is behind the Forex market and how it works. Ask yourself the following questions: What do I know about the basic principles of price formation for every asset in the world? What is the underlying structure of the trading industry? What is the nature of international economic interactions? What are the key principles of fundamental and technical schools of market analysis? What are the psychological intricacies of being a trader? What actually happens when a trader presses a button? Let's start from the beginning. First, there was supply and demand In economics, supply and demand is a model that explains price formation in a free competitive marketplace. The price of goods is settled at a point where the quantity demanded by consumer is balanced by the quantity supplied by producer. Let's say you are out there one day doing grocery shopping. You need apples and there happens to be only a single vendor with just the right amount of apples. You negotiate, agree on the price and make the exchange – a set amount of money for a set amount of apples. Both you and the vendor made a trade, getting what you wanted. The next day, you are out there again looking to buy the same amount of apples, only now there are two vendors, both having the amount of apples you need. This means that there is higher supply of apples then there is demand for them. The competition between vendors will push the price of apples down since both of them realise you will probably go for the cheaper apples, assuming all other things are equal. A new price will be set and you will make a deal with whichever vendor you see fit. Alternatively, if that day you came with a friend who is also interested in apples, but only one vendor was there, there would be more demand for apples than supply. A vendor would recognise this and up the price of his apples, knowing that both you and your friend will definitely buy all of his apples. This is the ABC of economics and it is absolutely vital that you, as an aspiring trader, understand the simple logic of how does this little apple-market works, since it will help you understand how the Forex market works. Things may start to get more complicated from here on. Applying the apple market scenario to the foreign exchange market, every time a particular currency is bought, surplus demand is created on the market, throwing the price off balance and pushing it higher. Similarly, every time a particular currency is sold, a surplus supply is created – again, throwing the price off balance and pushing it down. The amount of impact is directly proportionate to the trading volume per deal. Big players, like national banks, for example, can cause a lot of disequilibrium by tampering with the supply of their home currency. Small players, like retail traders, can only influence the market ever so slightly, but still do through their sheer numbers. The ever-changing supply and demand of currencies is what makes Forex charts tick. The philosophy of price balancing is key to understanding how online Forex trading works, since all the economic events in the world are relevant to the market only in terms of how much they influence the supply and demand of an asset. Or, it is worth mentioning, how much they influence the projected supply and demand of an asset. Using our apple market as an example, if one of the apple vendors went bankrupt this season, both you and your friend can expect the price of apples to rise before you even show up at the market. Draw a mental map of the industry before you get lost When considering how the Forex market works it is best imagined as an ever-changing ocean. There are plenty of fish in that ocean, from big to small depending on their buying power. There are multi-billion leviathans like national banks, multinational companies and hedge funds. Their monetary policy and trading decisions make the biggest waves, throwing prices off balance the most. There are mid-sized fish – private investors, companies in need of hedging and private banks. Then there are the small players – financial brokers, smaller banks and smaller investors. Most of the abovementioned market participants have direct access to the Forex interbank, which is the market place where all the currency exchanging magic happens. They are allowed to, simply because they are over a certain threshold of funds at hand. This means they can trade with each other without having to go through middlemen. The smallest players, who can be viewed as the plankton of the financial ocean, trying to survive long enough to grow big is the retail Forex trader, which of course includes you. The buying power of a casual trader is usually so small compared to the big fish that he needs a Forex broker or a bank to provide a financially leveraged trading account and access to the market via trading servers. Understanding how the Forex market works as well as one's position in the scale of things will inspire the necessary caution needed when trading. Educational Webinars What does any of this have to do with the powers that be? Forex is the currencies market, as you should be aware by now, and currencies, unlike most other tradable assets, are economic tools as much as they are economic indicators. Roughly speaking, if countries were companies, currencies would be their stock. Policy makers at central banks are the biggest tweakers of money supply, which makes their monetary policy decisions a major price-influencing factor on Forex trading and how it works. The most obvious and simple example would be the interest rates set by the national bank of every country in the world that has one. Since the US dollar, euro, British pound and Japanese yen are the most traded currencies in the world, the Federal Reserve Bank, European Central Bank, Bank of England and Bank of Japan are respectively the biggest fish in the ocean. Understanding how this can affect the economy will help you understand how the Forex market works. When interest rates are increased, and they can be solely on the national bank's word, it gets more expensive for market participants to borrow that currency from that bank. Momentarily, this causes a shortage in currency supply and pushes the currency price up. Which is a good thing, right? Who wouldn't want a strong national currency? Well, not really. Short term, this means less money to play with for business developments, less expendable household income and, ultimately, a slower rate of economic growth. However, this slows down inflation and slows down the inevitable build up of debt – which, in the long term, is a very good thing. Alternatively, when interest rates are cut, all market participants borrow more money. Momentarily, a surplus money supply is created and the currency price goes down. Short term, this means business expansions, increased household spendings and a growing economy. Sounds really good? Well, again, not really. The more money that is borrowed means the more money that is owed. In the long run, the accumulated bank credit comes down on everybody's head like a big storm creating a financial crisis. This is called the macro economic cycle. This pinnacle is common to all capitalistic-type economies. National banks are continually trying to balance the scales by periodically raising and lowering interest rates. This is called the micro economic cycle. These economic cycles are much like climate change cycles - slow, unstoppable and very dangerous to the market participants that can't see them coming. Analysis is the key Analysis is not only the key to success in trading, analysis, to some extent is the only thing that makes Forex trading really work. The two principal schools of market analysis are fundamental analysis and technical analysis. Fundamental analysis is an evolved form of financial audit, only on the scale of a country or, sometimes, the world. This is the oldest form of price forecasting that looks at the various elements of an economy – its current stage in the cycle, relevant events, future prognosis, and the weighted possible impact on the market. Fundamental analysis deals with a country's GDP and unemployment rates, interest rates and export amounts, war, elections, natural disasters and economic advancements. Impact is weighted in terms of influence on supply and demand. For example recent advancements in shale oil drilling technologies are promising a steady and increased supply of oil now and in the near future, which has driven oil prices to their decade low in winter 2014/15. Fundamental analysis requires an understanding of international economics and deals with factors as yet unaccounted for by the market. This school of anaylsis works for investing and long-term trading. The drawback of this type of analysis is the element of uncertainty that so many inputs create. The advantage of fundamental analysis is that when done correctly, it predicts fundamental price movements that can help generate profit over a prolonged period of time. Technical analysis is a younger form of market analysis that deals only with two variables – the time and the price. Both are strictly quantifiable, accounted for by the market and are both undeniable facts. This is why for many, Forex trading works better when studying charts rather than making economic inquiries. Whether you are drawing support and resistance lines, identifying key levels, applying technical indicators or comparing candlestick formations - you are figuring out how online trading Forex works without looking into causes for supply and demand. Technical analysis can be used for both short and long term trading purposes. It is the only thing available to quick-style traders like scalpers, who make their profit from the infamous daily volatility on Forex rather than trend following. The strength of the technical approach is in analysing quantifiable information precisely as it has been accounted for by the market. The drawback is that it has already affected the market. To trust the outcomes of technical analysis one should subscribe to the notion that price formations in the past may have an effect on price formations in the future, which to many fundamentalists seems ridiculous. Putting it simply, fundamental analysis is an economic detective with elements of future forecasting, while technical analysis is visual price-time archaeology, combined with statistics. Fortune favours the prepared Lack of preparation is the very reason why so many aspiring traders fail before they ever manage to figure out how Forex trading works. Numerous books are written about the trader's psychology and how to avoid the pitfalls that a trader's mind is keen on slipping into. Again, the problem is the approach and it is easy to get confused when everything is new. Some Forex brokers, due to the nature of their business, often pitch Forex as a pseudo-scientific gambling attraction that is basically like flipping a coin only with a somewhat better methodology. As a result of such marketing, newcomers come with little or no training, expecting to make fortunes out of $10 in a few decisive clicks of a mouse. They jump into the market full of hope and the market spits them back out, disappointed and empty handed. The majority of Forex traders lose money and their broker's business model is well adjusted to that trend. This is neither good, nor bad –this is the reason thanks that the market exists. Every time you close with profit, somebody else has to close with a loss. Getting back to our point about being prepared, there's nothing that would prepare you better than demo trading – a risk-free way of trading in real-time conditions to get a better feel for the market. It is highly recommended to immerse yourself in demo trading first and only then moving on to live trading. The results will speak for themselves. Risk free demo account How does Forex trading work from a practical standpoint? A currency value is measured through how much of another currency it can buy. This is called a price quote. There are always two prices in a price quote - bid and ask. The ask price is used when buying a currency, while the bid price is used when selling. Note that the ask price of any financial instrument is at all times higher than the bid price. Thus, a bank will always buy your currency a bit cheaper and sell it to you at a higher rate. The difference between bid and ask is called the spread. Both bid and ask prices are communicated between market participants almost instantaneously at all times except when the market is closed. A trader receives quotes via the internet from the brokerage firm who provided the trading account for him. In turn, the broker firm receives price quotes from its liquidity providers – banks. Generally speaking, the more liquidity, the tighter the spread, which is better for everybody. Usually trading is ongoing, conducted smoothly and liquidity is plentiful. However there are times, like during major news releases, when price gaps occur due to major price shifts over the shortest periods of time. The rest is simple Forex mechanics. Trading takes place on the chosen Forex platform at the click of a mouse. When, for example, a buy order is placed on EUR/USD pair, a portion of funds from the trader's account is used to purchase the pair's base currency – in this case the euro – and sells the pair's quoted currency – US dollar. The broker does this and it is called placing a buy order. The order is placed either with the broker (Market Maker) or communicated directly to the Forex interbank market (ECN execution), where the big players are. It is important to understand that a trader can place an order to sell a currency that he does not 'own'. Next, depending on the trading strategy, a trader waits until the purchased currency grows in value, relative to the sold one. When the accumulated profit is satisfying to the trader, he closes the order and the broker does the opposite set of transactions - sells euros and buys dollars. A reverse process takes place when a trader places a sell order. The concepts of buying and selling in Forex can be confusing at first, since in every trade one currency is exchanged for another, meaning there is always both buy and sell in every trade. For a beginner trader, it might be easier to think of a currency pair as an abstract financial instrument to which a price is assigned by the market. Now you know the main driving forces of the market, its underlying structure in terms of key players, two main schools of market analysis and how online Forex trading worls from a practical standpoint. Source: https://admiralmarkets.com/education/articles/forex-basics/how-does-forex-work?#c!=1 © Admiral Markets

SEJAK mula dikesan di China pada Disember lalu, COVID-19 menjadi igauan ngeri dunia. Malaysia pantas memperkenalkan PERINTAH Kawalan Pergerakan (PKP) bagi mengekang virus itu dan kini memasuki fasa pemulihan pada masa sama, kebajikan warga kita di luar negara juga tidak diabaikan.
Wartawan BH, Rafidah Mat Ruzki menemu bual Menteri Kesihatan, Datuk Seri Dr Adham Baba dan Ketua Protokol Kementerian Luar, Datuk Wan Zaidi Wan Abdullah yang mengetuai Pasukan Bertindak COVID-19 kementerian berkenaan.
Datuk Seri Dr Adham Baba
Soalan (S): Apa rancangan dan pelan tindakan dirangka Kementerian Kesihatan (KKM) untuk memastikan usaha sepanjang PKP dan PKP Bersyarat (PKPB) tidak sia-sia?
Jawapan (J): Kita kini sudah sampai ke fasa pemulihan. Apa yang berlaku pada hari ini hasil tindakan diambil sebelum ini iaitu PKP, prosedur operasi standard (SOP), penyediaan kemudahan mencukupi dan rawatan yang baik. Kita bersyukur kadar kesembuhan di Malaysia paling tinggi di dunia iaitu hampir 86 peratus berbanding kadar dunia, iaitu 46 peratus secara purata. Kenapa? Kerana rawatan diberikan serasi dengan pesakit yang dimasukkan ke hospital COVID-19.
Saya sebagai menteri mengisytiharkan kawasan wabak dan saya juga wartakan semua pusat kuarantin dan hospital COVID-19 di bawah Akta Pencegahan dan Pengawalan Penyakit Berjangkit 1988 (Akta 342). Saya juga serahkan kuasa kepada agensi lain di bawah akta sama, kepada polis, tentera dan kementerian lain untuk laksana tanggungjawab penguatkuasaan.
S: Boleh perincikan pendekatan Cegah dan Didik, Amal, Patuh dan Pantau (CAPP) untuk Program Pengurangan Risiko Daerah (DRRP) dalam fasa pemulihan?
J: Apabila kita mendapati penularan COVID-19 berkurangan sejak Mei, kita jangka keluk itu mula mendatar. Apabila masuk Jun pada fasa PKPB, KKM perlu merancang supaya kerja untuk memastikan penularan COVID-19 disekat sepenuhnya oleh komuniti. Maka, wujud DRRP yang perlu dilakukan pada peringkat negeri dan daerah. Pada waktu itu, kita melihat jentera pada peringkat daerah melalui Majlis Keselamatan Negara (MKN) dan Jawatankuasa Tindakan Daerah untuk berfungsi memastikan 154 daerah di negara ini boleh sekat penularan COVID-19 dengan lebih baik melalui DRRP.
Ada tiga individu utama pada peringkat itu, iaitu Pegawai Daerah, Pegawai Kesihatan Daerah dan Ketua Polis Daerah. Tiga 'jeneral perang' ini penting untuk menggerakkan jawatankuasa peringkat daerah melaksanakan SOP dan slogan normal baharu seperti 3S (elak tempat sempit, sesak, sembang atau bertutur pada jarak dekat) boleh dilaksanakan di daerah. Mereka sebenarnya sudah melaksanakannya. Saya sudah ke daerah di beberapa negeri untuk memaklumkan tanggungjawab daerah dan mereka sebenarnya sudah bersedia, sebab itu kita boleh kekalkan Zon Hijau di banyak daerah.
Namun, untuk ke komuniti dan individu, kita tidak boleh guna jentera pada peringkat daerah sepenuhnya, sebaliknya ke kawasan lebih kecil iaitu mukim, bahagian, sub zon dan presint. Ada 1,178 mukim atau kawasan kecil di seluruh negara. Di sini peranan komuniti dan individu untuk melaksanakan SOP normal baharu. Untuk peringkat komuniti, kita unjurkan program CAPP, didik mereka melalui penyebaran risalah dan muat turun aplikasi MySejahtera kerana ia ada maklumat COVID-19 dan boleh mengesan kontak rapat dan di mana saringan boleh dijalankan.
Akta 342 tidak lain ialah untuk kawal dan cegah. Penyakit berjangkit nak tunggu vaksin lama lagi, jadi sebelum tunggu vaksin, kita perlu laksanakan perlindungan diri. Adalah amalan atau tingkah laku yang mahu kita terapkan dalam masyarakat di seluruh negara, yang mengekang dan elakkan keluarga daripada jangkitan seterusnya. Kita juga tidak mahu perhimpunan ramai kerana penyebaran COVID-19 paling mudah adalah melalui perhimpunan ramai selain perbualan secara dekat. Amalkan 3W iaitu wash atau cuci tangan dengan kerap, wear iaitu pakai pelitup muka dan warn iaitu ingat mengingati sesama sendiri.
Orang awam juga perlu amal sikap bertanggungjawab untuk tulis nama, nombor telefon yang betul apabila masuk premis bagi memudahkan pengesanan kontak rapat jika ada kes jangkitan. Elemen pantau oleh pemimpin setempat seperti Jawatankuasa Komunikasi Untuk Perubahan Tingkah Laku (COMBI), kita ada Jabatan Kemajuan Masyarakat (KEMAS), jawatankuasa kampung, surau, Persatuan Ibu Bapa dan Guru (PIBG), manakala pada peringkat daerah kita ada pegawai daerah yang jaga dan pantau. Sektor sosial paling lambat kita buka, manakala kebanyakan sektor mula dibuka pada fasa pemulihan ini kecuali membabitkan perhimpunan ramai.
A Step-by-Step Guide to Choosing an Online Degree Online Programs At one time, online colleges were rarely available – and when they were, the programs couldn’t hold a candle to traditional schools. Today, you can get an online degree in anything from business to history to nursing, and virtual programs provide you with a quality education. ow does Forex work? At the beginning of their trading career, there are many aspiring traders who will have trouble wrapping their mind around how Forex trading works or if Forex trading works at all. These questions point to the very heart of the problem – they are taking the wrong approach. False motives, unrealistic goals, greed, inappropriate haste, lack of effort and insufficient knowledge are the main reasons why many of those who try jump-starting a trading career leave disappointed and empty handed. Before you do anything, sit back and think about how much there is behind the Forex market and how it works. Ask yourself the following questions: What do I know about the basic principles of price formation for every asset in the world? What is the underlying structure of the trading industry? What is the nature of international economic interactions? What are the key principles of fundamental and technical schools of market analysis? What are the psychological intricacies of being a trader? What actually happens when a trader presses a button? Let's start from the beginning. First, there was supply and demand In economics, supply and demand is a model that explains price formation in a free competitive marketplace. The price of goods is settled at a point where the quantity demanded by consumer is balanced by the quantity supplied by producer. Let's say you are out there one day doing grocery shopping. You need apples and there happens to be only a single vendor with just the right amount of apples. You negotiate, agree on the price and make the exchange – a set amount of money for a set amount of apples. Both you and the vendor made a trade, getting what you wanted. The next day, you are out there again looking to buy the same amount of apples, only now there are two vendors, both having the amount of apples you need. This means that there is higher supply of apples then there is demand for them. The competition between vendors will push the price of apples down since both of them realise you will probably go for the cheaper apples, assuming all other things are equal. A new price will be set and you will make a deal with whichever vendor you see fit. Alternatively, if that day you came with a friend who is also interested in apples, but only one vendor was there, there would be more demand for apples than supply. A vendor would recognise this and up the price of his apples, knowing that both you and your friend will definitely buy all of his apples. This is the ABC of economics and it is absolutely vital that you, as an aspiring trader, understand the simple logic of how does this little apple-market works, since it will help you understand how the Forex market works. Things may start to get more complicated from here on. Applying the apple market scenario to the foreign exchange market, every time a particular currency is bought, surplus demand is created on the market, throwing the price off balance and pushing it higher. Similarly, every time a particular currency is sold, a surplus supply is created – again, throwing the price off balance and pushing it down. The amount of impact is directly proportionate to the trading volume per deal. Big players, like national banks, for example, can cause a lot of disequilibrium by tampering with the supply of their home currency. Small players, like retail traders, can only influence the market ever so slightly, but still do through their sheer numbers. The ever-changing supply and demand of currencies is what makes Forex charts tick. The philosophy of price balancing is key to understanding how online Forex trading works, since all the economic events in the world are relevant to the market only in terms of how much they influence the supply and demand of an asset. Or, it is worth mentioning, how much they influence the projected supply and demand of an asset. Using our apple market as an example, if one of the apple vendors went bankrupt this season, both you and your friend can expect the price of apples to rise before you even show up at the market. Draw a mental map of the industry before you get lost When considering how the Forex market works it is best imagined as an ever-changing ocean. There are plenty of fish in that ocean, from big to small depending on their buying power. There are multi-billion leviathans like national banks, multinational companies and hedge funds. Their monetary policy and trading decisions make the biggest waves, throwing prices off balance the most. There are mid-sized fish – private investors, companies in need of hedging and private banks. Then there are the small players – financial brokers, smaller banks and smaller investors. Most of the abovementioned market participants have direct access to the Forex interbank, which is the market place where all the currency exchanging magic happens. They are allowed to, simply because they are over a certain threshold of funds at hand. This means they can trade with each other without having to go through middlemen. The smallest players, who can be viewed as the plankton of the financial ocean, trying to survive long enough to grow big is the retail Forex trader, which of course includes you. The buying power of a casual trader is usually so small compared to the big fish that he needs a Forex broker or a bank to provide a financially leveraged trading account and access to the market via trading servers. Understanding how the Forex market works as well as one's position in the scale of things will inspire the necessary caution needed when trading. Educational Webinars What does any of this have to do with the powers that be? Forex is the currencies market, as you should be aware by now, and currencies, unlike most other tradable assets, are economic tools as much as they are economic indicators. Roughly speaking, if countries were companies, currencies would be their stock. Policy makers at central banks are the biggest tweakers of money supply, which makes their monetary policy decisions a major price-influencing factor on Forex trading and how it works. The most obvious and simple example would be the interest rates set by the national bank of every country in the world that has one. Since the US dollar, euro, British pound and Japanese yen are the most traded currencies in the world, the Federal Reserve Bank, European Central Bank, Bank of England and Bank of Japan are respectively the biggest fish in the ocean. Understanding how this can affect the economy will help you understand how the Forex market works. When interest rates are increased, and they can be solely on the national bank's word, it gets more expensive for market participants to borrow that currency from that bank. Momentarily, this causes a shortage in currency supply and pushes the currency price up. Which is a good thing, right? Who wouldn't want a strong national currency? Well, not really. Short term, this means less money to play with for business developments, less expendable household income and, ultimately, a slower rate of economic growth. However, this slows down inflation and slows down the inevitable build up of debt – which, in the long term, is a very good thing. Alternatively, when interest rates are cut, all market participants borrow more money. Momentarily, a surplus money supply is created and the currency price goes down. Short term, this means business expansions, increased household spendings and a growing economy. Sounds really good? Well, again, not really. The more money that is borrowed means the more money that is owed. In the long run, the accumulated bank credit comes down on everybody's head like a big storm creating a financial crisis. This is called the macro economic cycle. This pinnacle is common to all capitalistic-type economies. National banks are continually trying to balance the scales by periodically raising and lowering interest rates. This is called the micro economic cycle. These economic cycles are much like climate change cycles - slow, unstoppable and very dangerous to the market participants that can't see them coming. Analysis is the key Analysis is not only the key to success in trading, analysis, to some extent is the only thing that makes Forex trading really work. The two principal schools of market analysis are fundamental analysis and technical analysis. Fundamental analysis is an evolved form of financial audit, only on the scale of a country or, sometimes, the world. This is the oldest form of price forecasting that looks at the various elements of an economy – its current stage in the cycle, relevant events, future prognosis, and the weighted possible impact on the market. Fundamental analysis deals with a country's GDP and unemployment rates, interest rates and export amounts, war, elections, natural disasters and economic advancements. Impact is weighted in terms of influence on supply and demand. For example recent advancements in shale oil drilling technologies are promising a steady and increased supply of oil now and in the near future, which has driven oil prices to their decade low in winter 2014/15. Fundamental analysis requires an understanding of international economics and deals with factors as yet unaccounted for by the market. This school of anaylsis works for investing and long-term trading. The drawback of this type of analysis is the element of uncertainty that so many inputs create. The advantage of fundamental analysis is that when done correctly, it predicts fundamental price movements that can help generate profit over a prolonged period of time. Technical analysis is a younger form of market analysis that deals only with two variables – the time and the price. Both are strictly quantifiable, accounted for by the market and are both undeniable facts. This is why for many, Forex trading works better when studying charts rather than making economic inquiries. Whether you are drawing support and resistance lines, identifying key levels, applying technical indicators or comparing candlestick formations - you are figuring out how online trading Forex works without looking into causes for supply and demand. Technical analysis can be used for both short and long term trading purposes. It is the only thing available to quick-style traders like scalpers, who make their profit from the infamous daily volatility on Forex rather than trend following. The strength of the technical approach is in analysing quantifiable information precisely as it has been accounted for by the market. The drawback is that it has already affected the market. To trust the outcomes of technical analysis one should subscribe to the notion that price formations in the past may have an effect on price formations in the future, which to many fundamentalists seems ridiculous. Putting it simply, fundamental analysis is an economic detective with elements of future forecasting, while technical analysis is visual price-time archaeology, combined with statistics. Fortune favours the prepared Lack of preparation is the very reason why so many aspiring traders fail before they ever manage to figure out how Forex trading works. Numerous books are written about the trader's psychology and how to avoid the pitfalls that a trader's mind is keen on slipping into. Again, the problem is the approach and it is easy to get confused when everything is new. Some Forex brokers, due to the nature of their business, often pitch Forex as a pseudo-scientific gambling attraction that is basically like flipping a coin only with a somewhat better methodology. As a result of such marketing, newcomers come with little or no training, expecting to make fortunes out of $10 in a few decisive clicks of a mouse. They jump into the market full of hope and the market spits them back out, disappointed and empty handed. The majority of Forex traders lose money and their broker's business model is well adjusted to that trend. This is neither good, nor bad –this is the reason thanks that the market exists. Every time you close with profit, somebody else has to close with a loss. Getting back to our point about being prepared, there's nothing that would prepare you better than demo trading – a risk-free way of trading in real-time conditions to get a better feel for the market. It is highly recommended to immerse yourself in demo trading first and only then moving on to live trading. The results will speak for themselves. Risk free demo account How does Forex trading work from a practical standpoint? A currency value is measured through how much of another currency it can buy. This is called a price quote. There are always two prices in a price quote - bid and ask. The ask price is used when buying a currency, while the bid price is used when selling. Note that the ask price of any financial instrument is at all times higher than the bid price. Thus, a bank will always buy your currency a bit cheaper and sell it to you at a higher rate. The difference between bid and ask is called the spread. Both bid and ask prices are communicated between market participants almost instantaneously at all times except when the market is closed. A trader receives quotes via the internet from the brokerage firm who provided the trading account for him. In turn, the broker firm receives price quotes from its liquidity providers – banks. Generally speaking, the more liquidity, the tighter the spread, which is better for everybody. Usually trading is ongoing, conducted smoothly and liquidity is plentiful. However there are times, like during major news releases, when price gaps occur due to major price shifts over the shortest periods of time. The rest is simple Forex mechanics. Trading takes place on the chosen Forex platform at the click of a mouse. When, for example, a buy order is placed on EUR/USD pair, a portion of funds from the trader's account is used to purchase the pair's base currency – in this case the euro – and sells the pair's quoted currency – US dollar. The broker does this and it is called placing a buy order. The order is placed either with the broker (Market Maker) or communicated directly to the Forex interbank market (ECN execution), where the big players are. It is important to understand that a trader can place an order to sell a currency that he does not 'own'. Next, depending on the trading strategy, a trader waits until the purchased currency grows in value, relative to the sold one. When the accumulated profit is satisfying to the trader, he closes the order and the broker does the opposite set of transactions - sells euros and buys dollars. A reverse process takes place when a trader places a sell order. The concepts of buying and selling in Forex can be confusing at first, since in every trade one currency is exchanged for another, meaning there is always both buy and sell in every trade. For a beginner trader, it might be easier to think of a currency pair as an abstract financial instrument to which a price is assigned by the market. Now you know the main driving forces of the market, its underlying structure in terms of key players, two main schools of market analysis and how online Forex trading worls from a practical standpoint. Source: https://admiralmarkets.com/education/articles/forex-basics/how-does-forex-work?#c!=1 © Admiral Markets
MENTERI Kesihatan, Datuk Seri Dr Adham Baba. - Foto Aizuddin Saad
MENTERI Kesihatan, Datuk Seri Dr Adham Baba. - Foto Aizuddin Saad
S: Ketika jangkitan masih tinggi sebelum CAPP diperkenalkan, kawasan mana kekal hijau susulan pemerkasaan komuniti?
J: Kita ada bukti di Perlis, walaupun kami menjalankan saringan bersasar. Perlis antara negeri terawal bebas COVID-19, tetapi kita belum isytiharkan kawasan putih kerana sebagai pintu masuk dari Thailand, kita perlu sentiasa berjaga-jaga, bila-bila masa negara jiran boleh alami peningkatan mendadak kes COVID-19. Justeru, kawalan sempadan perlu terus diperketatkan.
Jika tiada program komuniti, tidak tahu bagaimana caranya. Apabila ada program tertentu, komuniti boleh amalkan. Contohnya dulu kita ada program untuk kawal jangkitan denggi, kita tubuhkan COMBI. Kita ada kira-kira 3,000 pasukan dan 26,000 ahli jalankan kempen, gotong-royong serta menyedarkan masyarakat mengenai denggi. Untuk COVID-19, kita belum ada pasukan sedemikian.
Pada peringkat kementerian, kita ada Komuniti Sihat Pembangunan Negara (KOSPEN). Sekiranya kita gerakkan KOSPEN, ia akan jadi pasukan yang menyedarkan masyarakat selain kerjasama Kelab Rukun Tetangga (KRT), ketua zon dan jawatankuasa kampung serta penghulu. Mereka yang jadi barisan hadapan terkini dan bermula sejak 10 Jun lalu. Kita juga jadikan program COMBI hibrid, iaitu menyalurkan maklumat mengenai COVID-19 kepada pasukan ini. Cuma aktiviti mereka tidak boleh rapat, perlu amal penjarakan sosial serta pakai peralatan perlindungan peribadi (PPE).
Apabila digabungkan sebagai satu kelompok besar, saya percaya mereka bukan sahaja dapat kesedaran, tetapi boleh juga kawal kemasukan COVID-19 dalam kawasan mereka.
S: Bagaimana dengan pematuhan dalam komuniti warga asing dan kerjasama kerajaan negeri?
J: Kita berdepan masalah ada dua kumpulan warga asing, yang sah dan tanpa permit. Di sesetengah kawasan yang kita laksanakan PKP Diperketatkan (PKPD), kita asingkan ke Depoh Tahanan Imigresen (DTI), kemudian timbul kes jangkitan di situ.
Untuk mereka yang sah dan ada dalam sektor industri, kita wajibkan mereka jalani saringan jika mahu bekerja semula. Pada masa sama, majikan dan kedutaan asing perlu main peranan dan ini kita dapatkan bantuan Menteri Kanan (Keselamatan), Datuk Seri Ismail Sabri Yaakob.
Mengenai kerjasama kerajaan negeri, semua menteri besar, ketua menteri sudah adakan pertemuan, mesyuarat dengan Perdana Menteri, Tan Sri Muhyiddin Yassin. Dalam perbincangan itu, kita maklumkan status dan strategi keluar untuk mereka selaraskan pelaksanaan program masing-masing.
S: Adakah Malaysia mampu capai situasi bebas COVID-19, sudahkah kita bersedia melaksanakan strategi keluar?
J: Strategi keluar memang sedang dirangka jangka masa dan kaedah pelaksanaannya. Kita yakin akan dapat sifar COVID-19 dengan syarat jumlah pesakit discaj makin ramai dan kes baharu makin kurang. Akan sampai suatu hari nanti, semua pesakit tidak lagi dirawat di hospital dengan syarat tiada jangkitan baharu dan hanya kes kecil yang boleh dikawal.
Kawalan sempadan diperketatkan. Jika rakyat patuh dengan CAPP dan DRRP, Insya-Allah kita tidak perlu lagi PKP. Ketika ini, saya masih wartakan tujuh hospital COVID-19 dan kebanyakan hospital hibrid sudah mula selesaikan kes tertangguh. Jangan lupa, sepanjang COVID-19 ini, kita ada banyak kes tertangguh perlu diselesaikan. KKM berdepan cabaran baharu untuk selesaikan kes tertunggak kerana mahu menangani COVID-19.
Kita ada keyakinan Malaysia mampu mencapainya seperti Korea dan New Zealand, tetapi jangan lupa China kini merekodkan kes semula. Ia mungkin berpunca daripada kes import atau virus itu ada di kawasan tertentu. Kita kini perlu hidup bersama COVID-19 kerana tidak ada pilihan.
Datuk Wan Zaidi Wan Abdullah
S: Apa latar belakang Pasukan Bertindak COVID-19 Kementerian Luar?
J: Penubuhan pasukan dianggotai 32 kakitangan ini diarahkan oleh Menteri Luar, Datuk Seri Hishammuddin Hussein dan dipengerusikan oleh timbalannya, Datuk Kamarudin Jaffar. Ia ditubuhkan pada 15 Mac, khusus untuk memantau situasi pandemik di seluruh dunia, mempunyai mandat melaporkan kepada Mesyuarat Khas Menteri Mengenai COVID-19. Pasukan ini bertanggungjawab memaklumkan apa berlaku di luar negara, termasuk pemantauan COVID-19, situasi rakyat di luar dan siapa perlu bantuan.
S: Bagaimana peranan Wisma Putra?
J: Ketika kita mengumumkan PKP serta sekatan keluar masuk, ia dalam tempoh hampir sama dengan pelbagai negara yang umum sekatan pergerakan serta penggantungan perkhidmatan penerbangan. Ketika itu, ada rakyat kita sedang bercuti di luar negara dan terkandas. Pasukan petugas mempunyai mandat untuk bantu mereka pulang. Kita arahkan perwakilan di sana melihat di mana rakyat kita terkandas sebelum kita fikir cara membantu mereka.
Pertama, kita kelaskan mereka yang amat memerlukan bantuan, terutama yang berada di luar negara untuk jangka pendek, melancong dan mungkin hanya ada tiket penerbangan pulang serta tiada duit lain untuk pulang atau kegunaan masa kecemasan. Pasukan ini beroperasi 24 jam sehari kerana mengambil kira perbezaan waktu di negara lain seperti di Amerika Syarikat dan Amerika Latin.
Apabila keadaan membimbangkan dan perlu tindakan segara, kita ambil tindakan segera, termasuk cari penerbangan yang masih terbang ke Malaysia ketika itu serta bantu untuk ubah laluan dengan melalui negara ketiga jika penerbangan tidak lagi ke Malaysia.
Kedua, bagi negara yang sudah gantung operasi penerbangan komersial, satu cara boleh dilakukan ialah mengatur penerbangan melalui kerjasama kerajaan dengan kerajaan, kita boleh mohon kebenaran untuk pendaratan penerbangan tidak dijadual atau sewa khas. Contohnya, India antara negara yang paling ramai Malaysia terkandas selepas sempadan negara itu ditutup, ada lebih 4,000 orang sebagai pelancong jangka pendek.
Mereka ada tiket penerbangan balik, tetapi kerana penggantungan penerbangan komersial, ia tidak boleh dilakukan. Kita bincang dengan Malaysia Airlines, Malindo dan AirAsia yang sanggup melakukan penerbangan ke negara itu sebelum kita minta kebenaran mendarat. Alhamdulillah berjaya dilakukan dengan baik dan lancar, namun bukan percuma.
KETUA Protokol Kementerian Luar, Datuk Wan Zaidi Wan Abdullah. - Foto Mohd Fadli Hamzah
KETUA Protokol Kementerian Luar, Datuk Wan Zaidi Wan Abdullah. - Foto Mohd Fadli Hamzah
S: Berapa kos membawa pulang rakyat kita dari luar negara, siapa menanggungnya?
J: Apabila berlaku penggantungan penerbangan komersial, ia akan menyebabkan kenaikan tambang. Apabila terpaksa gunakan perkhidmatan transit, ia akan membabitkan kos berkali ganda. Bagi negara yang susah dapatkan penerbangan, kos boleh sehingga RM20,000 seperti di Amerika Latin dan Afrika.
Kerajaan mungkin tiada kemampuan untuk membantu menanggung kos penerbangan semua rakyat kita di luar negara, yang boleh menelan belanja sehingga RM250 juta. Namun, kita dapat tajaan, bantuan syarikat Malaysia yang bermurah hati selain yang diselaraskan oleh MIC atau individu lain. Kita sentiasa bekerjasama dan mengucapkan terima kasih. Itu antara caranya.
Sekiranya ada yang dapat penerbangan, tetapi kosnya di luar kemampuan, kita boleh bantu sedikit sebanyak dengan menanggung sebahagian kos. Dalam kes tertentu, ada yang kita dapat sahkan kalau tidak dibantu, mereka akan terus berada dalam keadaan kritikal, kebanyakan mereka adalah pelancong. Jika rakyat Malaysia, contohnya pelajar, kita tidak beri bantuan tanggung kos penerbangan kerana mereka sepatutnya berada di negara itu.
Dalam kes terkandas membabitkan jumlah kecil, contohnya di Afrika, kita bantu untuk mereka berada di negara itu buat beberapa ketika dan kita mohon bantuan negara yang mahu menjalankan repatriasi rakyat masing-masing untuk turut bawa pulang rakyat kita.
Cabaran lain adalah kuarantin di negara luar yang tidak memungkinkan transit atau sesiapa yang tiba di negara itu perlu dikuarantin. Contohnya, ada kes rakyat kita berjaya dibawa pulang dari Fiji, tapi mereka ke Auckland untuk penerbangan sambungan dan New Zealand mensyaratkan mereka dikuarantin. Ada situasi rakyat kita tidak mohon bantuan perwakilan dan ambil penerbangan ke Singapura dari Eropah, tetapi kemudian diarah berpatah balik ke Eropah.
S: Apa kategori rakyat kita di luar negara dikategorikan dan jenis bantuan dihulurkan?
J: Pada peringkat awal, kami mengenal pasti 8,361 orang ketika itu, yang dikelaskan terkandas, kategori kritikal atau separuh kritikal yang tidak boleh berdepan situasi itu dalam tempoh lama, mereka perlu pulang atau berdepan masalah. Kerajaan luluskan bantuan kepada perwakilan untuk memastikan mereka selamat, makan minum terjamin.
Kita tiada keupayaan bayar kos penginapan mereka di hotel, jadi ada antara mereka terpaksa diletakkan di bangunan kedutaan atau asrama yang masih lagi memerlukan peruntukan untuk kos makan minum. Sehingga 17 Jun, kita berjaya bawa pulang 20,965 rakyat kita dari luar negara termasuk yang pada pandangan Kementerian Luar, bukan terkandas tetapi secara sukarela pulang.
Kita perlu memudah cara urusan mereka pulang walaupun mereka bayar kos kerana kebanyakan negara menggantung penerbangan. Lebih 8,000 adalah mereka yang ke luar negara untuk jangka pendek. Alhamdulillah daripada jumlah itu, kini hanya berbaki 193 orang pada peringkat kritikal dan masih berada di luar negara, iaitu 189 ahli kumpulan jemaah tabligh yang ditahan pihak berkuasa India dan bakinya bertaburan di Afrika.
Masalah di Afrika, rakyat kita berada pada jarak yang jauh antara sesama mereka, jadi sukar untuk bantu. Kategori kurang kritikal, ada 434 orang yang mungkin mampu menanggung kos sara hidup sementara penerbangan dimulakan semula atau apa cara yang kita fikirkan untuk bawa mereka pulang. Kebanyakan mereka bekerja dan sudah tamat tempoh kontrak, contoh 30 rakyat kita di Nigeria yang tamat perkhidmatan di pelantar minyak dan dijadualkan pulang pada April lalu.
Namun, ekoran penggantungan dan tiada penerbangan lain, mereka terkandas dua bulan, tetapi dalam keadaan baik dan tempat tinggal disediakan majikan. Lebih separuh rakyat kita yang pulang adalah pelajar di Mesir, India dan Indonesia. Yang pulang atas tanggungan sendiri lebih 4,000 orang, pelajar kita di Indonesia juga ramai sudah kembali, lebih 3,000 orang, tidak termasuk di India, Turki dan Maghribi.
S: Boleh Datuk terangkan mengenai kerjasama serantau dalam usaha ini?
J: Itu antara cara kita selesaikan masalah rakyat Malaysia terkandas di luar negara. Kita ada kerjasama dengan banyak negara contohnya Brunei untuk membawa rakyat Malaysia terkandas di Mesir. Mereka dibawa ke Brunei dan pulang ke Kuala Lumpur.
Pada masa sama, penerbangan untuk membawa pulang mereka dari Brunei turut membawa bersama rakyat negara itu. Penyusunan atau kerjasama seperti ini berlaku dengan banyak negara termasuk Singapura, Arab Saudi dan Iraq. Ada juga negara lain hantar pesawat ke Malaysia untuk bawa pulang rakyat masing-masing dan kita guna kesempatan itu untuk pastikan rakyat kita di negara terbabit boleh dibawa bersama.
Bagi rakyat Malaysia yang mampu bayar tambang, perwakilan dalam beberapa keadaan berhubung dan bekerjasama terus dengan syarikat penerbangan. Contoh, perwakilan Malaysia di Myanmar berbincang dengan syarikat penerbangan untuk bawa rakyat kita pulang dan ambil rakyat mereka kembali. Ini kita tidak lakukan dengan Indonesia kerana pada satu tahap, penerbangan antara dua negara tidak dihentikan.
Ada ketika pesawat Malaysia Airlines disewa untuk bawa rakyat kita dari Surabaya. Cara lain, kerajaan tanggung sepenuhnya kos tetapi terhad tiga atau empat misi seperti bawa pulang rakyat kita dari China dan yang berada di Wuhan, dari Iran, Itali dan terakhir seluruh pelajar kita di Temboro, Indonesia. Kita juga mohon bantuan negara lain untuk bawa rakyat kita keluar supaya dapat sambung perjalanan ke Malaysia melalui negara ketiga.
Ada beberapa kes di Afrika, repatriasi dilakukan kerajaan Perancis menggunakan Air France dari Benin atau Gabon. Jika rakyat Malaysia tidak terlalu ramai, dua atau lima orang di satu tempat, kita mohon bantuan Perancis dan sambung penerbangan ke Malaysia.
Ada juga dari Peru terpaksa melalui Mexico dan tinggal lebih seminggu di negara itu sebelum pulang. Ia antara cara kita dan amat berkesan untuk membawa pulang lebih 20,000 rakyat Malaysia. Kita tidak boleh kelaskan semua rakyat Malaysia terkandas, walaupun secara teknikal mereka terkandas kerana tiada penerbangan komersial beroperasi. Kalau semua dianggap terkandas, semua kira 450,000 rakyat kita di luar negara boleh dikatakan terkandas.
A Step-by-Step Guide to Choosing an Online Degree Online Programs At one time, online colleges were rarely available – and when they were, the programs couldn’t hold a candle to traditional schools. Today, you can get an online degree in anything from business to history to nursing, and virtual programs provide you with a quality education. ow does Forex work? At the beginning of their trading career, there are many aspiring traders who will have trouble wrapping their mind around how Forex trading works or if Forex trading works at all. These questions point to the very heart of the problem – they are taking the wrong approach. False motives, unrealistic goals, greed, inappropriate haste, lack of effort and insufficient knowledge are the main reasons why many of those who try jump-starting a trading career leave disappointed and empty handed. Before you do anything, sit back and think about how much there is behind the Forex market and how it works. Ask yourself the following questions: What do I know about the basic principles of price formation for every asset in the world? What is the underlying structure of the trading industry? What is the nature of international economic interactions? What are the key principles of fundamental and technical schools of market analysis? What are the psychological intricacies of being a trader? What actually happens when a trader presses a button? Let's start from the beginning. First, there was supply and demand In economics, supply and demand is a model that explains price formation in a free competitive marketplace. The price of goods is settled at a point where the quantity demanded by consumer is balanced by the quantity supplied by producer. Let's say you are out there one day doing grocery shopping. You need apples and there happens to be only a single vendor with just the right amount of apples. You negotiate, agree on the price and make the exchange – a set amount of money for a set amount of apples. Both you and the vendor made a trade, getting what you wanted. The next day, you are out there again looking to buy the same amount of apples, only now there are two vendors, both having the amount of apples you need. This means that there is higher supply of apples then there is demand for them. The competition between vendors will push the price of apples down since both of them realise you will probably go for the cheaper apples, assuming all other things are equal. A new price will be set and you will make a deal with whichever vendor you see fit. Alternatively, if that day you came with a friend who is also interested in apples, but only one vendor was there, there would be more demand for apples than supply. A vendor would recognise this and up the price of his apples, knowing that both you and your friend will definitely buy all of his apples. This is the ABC of economics and it is absolutely vital that you, as an aspiring trader, understand the simple logic of how does this little apple-market works, since it will help you understand how the Forex market works. Things may start to get more complicated from here on. Applying the apple market scenario to the foreign exchange market, every time a particular currency is bought, surplus demand is created on the market, throwing the price off balance and pushing it higher. Similarly, every time a particular currency is sold, a surplus supply is created – again, throwing the price off balance and pushing it down. The amount of impact is directly proportionate to the trading volume per deal. Big players, like national banks, for example, can cause a lot of disequilibrium by tampering with the supply of their home currency. Small players, like retail traders, can only influence the market ever so slightly, but still do through their sheer numbers. The ever-changing supply and demand of currencies is what makes Forex charts tick. The philosophy of price balancing is key to understanding how online Forex trading works, since all the economic events in the world are relevant to the market only in terms of how much they influence the supply and demand of an asset. Or, it is worth mentioning, how much they influence the projected supply and demand of an asset. Using our apple market as an example, if one of the apple vendors went bankrupt this season, both you and your friend can expect the price of apples to rise before you even show up at the market. Draw a mental map of the industry before you get lost When considering how the Forex market works it is best imagined as an ever-changing ocean. There are plenty of fish in that ocean, from big to small depending on their buying power. There are multi-billion leviathans like national banks, multinational companies and hedge funds. Their monetary policy and trading decisions make the biggest waves, throwing prices off balance the most. There are mid-sized fish – private investors, companies in need of hedging and private banks. Then there are the small players – financial brokers, smaller banks and smaller investors. Most of the abovementioned market participants have direct access to the Forex interbank, which is the market place where all the currency exchanging magic happens. They are allowed to, simply because they are over a certain threshold of funds at hand. This means they can trade with each other without having to go through middlemen. The smallest players, who can be viewed as the plankton of the financial ocean, trying to survive long enough to grow big is the retail Forex trader, which of course includes you. The buying power of a casual trader is usually so small compared to the big fish that he needs a Forex broker or a bank to provide a financially leveraged trading account and access to the market via trading servers. Understanding how the Forex market works as well as one's position in the scale of things will inspire the necessary caution needed when trading. Educational Webinars What does any of this have to do with the powers that be? Forex is the currencies market, as you should be aware by now, and currencies, unlike most other tradable assets, are economic tools as much as they are economic indicators. Roughly speaking, if countries were companies, currencies would be their stock. Policy makers at central banks are the biggest tweakers of money supply, which makes their monetary policy decisions a major price-influencing factor on Forex trading and how it works. The most obvious and simple example would be the interest rates set by the national bank of every country in the world that has one. Since the US dollar, euro, British pound and Japanese yen are the most traded currencies in the world, the Federal Reserve Bank, European Central Bank, Bank of England and Bank of Japan are respectively the biggest fish in the ocean. Understanding how this can affect the economy will help you understand how the Forex market works. When interest rates are increased, and they can be solely on the national bank's word, it gets more expensive for market participants to borrow that currency from that bank. Momentarily, this causes a shortage in currency supply and pushes the currency price up. Which is a good thing, right? Who wouldn't want a strong national currency? Well, not really. Short term, this means less money to play with for business developments, less expendable household income and, ultimately, a slower rate of economic growth. However, this slows down inflation and slows down the inevitable build up of debt – which, in the long term, is a very good thing. Alternatively, when interest rates are cut, all market participants borrow more money. Momentarily, a surplus money supply is created and the currency price goes down. Short term, this means business expansions, increased household spendings and a growing economy. Sounds really good? Well, again, not really. The more money that is borrowed means the more money that is owed. In the long run, the accumulated bank credit comes down on everybody's head like a big storm creating a financial crisis. This is called the macro economic cycle. This pinnacle is common to all capitalistic-type economies. National banks are continually trying to balance the scales by periodically raising and lowering interest rates. This is called the micro economic cycle. These economic cycles are much like climate change cycles - slow, unstoppable and very dangerous to the market participants that can't see them coming. Analysis is the key Analysis is not only the key to success in trading, analysis, to some extent is the only thing that makes Forex trading really work. The two principal schools of market analysis are fundamental analysis and technical analysis. Fundamental analysis is an evolved form of financial audit, only on the scale of a country or, sometimes, the world. This is the oldest form of price forecasting that looks at the various elements of an economy – its current stage in the cycle, relevant events, future prognosis, and the weighted possible impact on the market. Fundamental analysis deals with a country's GDP and unemployment rates, interest rates and export amounts, war, elections, natural disasters and economic advancements. Impact is weighted in terms of influence on supply and demand. For example recent advancements in shale oil drilling technologies are promising a steady and increased supply of oil now and in the near future, which has driven oil prices to their decade low in winter 2014/15. Fundamental analysis requires an understanding of international economics and deals with factors as yet unaccounted for by the market. This school of anaylsis works for investing and long-term trading. The drawback of this type of analysis is the element of uncertainty that so many inputs create. The advantage of fundamental analysis is that when done correctly, it predicts fundamental price movements that can help generate profit over a prolonged period of time. Technical analysis is a younger form of market analysis that deals only with two variables – the time and the price. Both are strictly quantifiable, accounted for by the market and are both undeniable facts. This is why for many, Forex trading works better when studying charts rather than making economic inquiries. Whether you are drawing support and resistance lines, identifying key levels, applying technical indicators or comparing candlestick formations - you are figuring out how online trading Forex works without looking into causes for supply and demand. Technical analysis can be used for both short and long term trading purposes. It is the only thing available to quick-style traders like scalpers, who make their profit from the infamous daily volatility on Forex rather than trend following. The strength of the technical approach is in analysing quantifiable information precisely as it has been accounted for by the market. The drawback is that it has already affected the market. To trust the outcomes of technical analysis one should subscribe to the notion that price formations in the past may have an effect on price formations in the future, which to many fundamentalists seems ridiculous. Putting it simply, fundamental analysis is an economic detective with elements of future forecasting, while technical analysis is visual price-time archaeology, combined with statistics. Fortune favours the prepared Lack of preparation is the very reason why so many aspiring traders fail before they ever manage to figure out how Forex trading works. Numerous books are written about the trader's psychology and how to avoid the pitfalls that a trader's mind is keen on slipping into. Again, the problem is the approach and it is easy to get confused when everything is new. Some Forex brokers, due to the nature of their business, often pitch Forex as a pseudo-scientific gambling attraction that is basically like flipping a coin only with a somewhat better methodology. As a result of such marketing, newcomers come with little or no training, expecting to make fortunes out of $10 in a few decisive clicks of a mouse. They jump into the market full of hope and the market spits them back out, disappointed and empty handed. The majority of Forex traders lose money and their broker's business model is well adjusted to that trend. This is neither good, nor bad –this is the reason thanks that the market exists. Every time you close with profit, somebody else has to close with a loss. Getting back to our point about being prepared, there's nothing that would prepare you better than demo trading – a risk-free way of trading in real-time conditions to get a better feel for the market. It is highly recommended to immerse yourself in demo trading first and only then moving on to live trading. The results will speak for themselves. Risk free demo account How does Forex trading work from a practical standpoint? A currency value is measured through how much of another currency it can buy. This is called a price quote. There are always two prices in a price quote - bid and ask. The ask price is used when buying a currency, while the bid price is used when selling. Note that the ask price of any financial instrument is at all times higher than the bid price. Thus, a bank will always buy your currency a bit cheaper and sell it to you at a higher rate. The difference between bid and ask is called the spread. Both bid and ask prices are communicated between market participants almost instantaneously at all times except when the market is closed. A trader receives quotes via the internet from the brokerage firm who provided the trading account for him. In turn, the broker firm receives price quotes from its liquidity providers – banks. Generally speaking, the more liquidity, the tighter the spread, which is better for everybody. Usually trading is ongoing, conducted smoothly and liquidity is plentiful. However there are times, like during major news releases, when price gaps occur due to major price shifts over the shortest periods of time. The rest is simple Forex mechanics. Trading takes place on the chosen Forex platform at the click of a mouse. When, for example, a buy order is placed on EUR/USD pair, a portion of funds from the trader's account is used to purchase the pair's base currency – in this case the euro – and sells the pair's quoted currency – US dollar. The broker does this and it is called placing a buy order. The order is placed either with the broker (Market Maker) or communicated directly to the Forex interbank market (ECN execution), where the big players are. It is important to understand that a trader can place an order to sell a currency that he does not 'own'. Next, depending on the trading strategy, a trader waits until the purchased currency grows in value, relative to the sold one. When the accumulated profit is satisfying to the trader, he closes the order and the broker does the opposite set of transactions - sells euros and buys dollars. A reverse process takes place when a trader places a sell order. The concepts of buying and selling in Forex can be confusing at first, since in every trade one currency is exchanged for another, meaning there is always both buy and sell in every trade. For a beginner trader, it might be easier to think of a currency pair as an abstract financial instrument to which a price is assigned by the market. Now you know the main driving forces of the market, its underlying structure in terms of key players, two main schools of market analysis and how online Forex trading worls from a practical standpoint. Source: https://admiralmarkets.com/education/articles/forex-basics/how-does-forex-work?#c!=1 © Admiral Markets
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