If you want to do forex trading in Sri Lanka, you would need to understand that economic indicators can have a huge impact on the currency market. Economic indicators show the strength and potential of an economy of a country. They provide you with a complete picture of an economy’s current and potential standing with factors like GDP and unemployment rate. Forex traders take interest in these indicators as these indicators help in comprehending the direction forex market might take in future.
A crucial news release related to economies around the world can lead to volatile situations in the forex market and force a specific pair of currency to move in a particular direction. It can be upward, downward, or sideways. Every week several news releases are made associated with various economic indicators and in today’s digital era, everyone can easily access the news and information to understand the mechanism of the forex market in the light of various economic indicators.
News pertaining to the economic indicators can have a huge impact on the Forex exchange. Given below are the main economic indicator news categories that you should know before entering into forex market:
Every month, several central banks around the world from different economies gather to decide about their interest rates. They decide whether to let the interest rates remain unchanged or raise the rates, or bring down the rates. These interest rates are very important and make a vast impact on the foreign exchange market.
When there is an increase in the interest rate, the market usually takes a bullish trend and that means there will be an increase in the value of the currency. On the other hand, when the interest rate is brought down to a lower level, the forex market is expected to take the bearish trend, which means that there will be a decrease in the value of currency price. For unchanged interest rate, the market can take any direction based on the circumstances of the concerned economy at that time.
Along with the change in interest rate, the policy statement is also released providing with the complete sum-up of the economy and what could be the future of the economy. In addition, the monetary policy of the economies is also declared, associated with the essential financial matters of the country.
The Gross Domestic Product is a very crucial factor representing the overall economic condition of a country. Basically, GDP is the total value of all goods and services that have been produced by a country over the course of a period of time like annually. GDP does affect the price movements of the currencies in the foreign exchange market.
When the gross domestic product of a country is not up to the expectations of the market, it can be said that the currency values might go down. Similarly, when the GDP of a country is beyond what the market has been expecting, the values of the currency is expected to move upwards. Th GDP figures are diligently evaluated by the forex traders as it also helps in recognizing or anticipating the future moves of the central banks.
GDP is also a very significant economic indicator as it helps in identifying the current situations of the business cycle of a country. The business cycle is kind of a combination of expansion and recession cycles. During the expansion phase, many sectors of the economy expand or grow together, and in the recession phase, the growth rate of those sectors starts to contract.
Thus, GDP is a leading factor is analyzing the foreign exchange market. As a forex trader, you must be aware of it and you must also understand that it is a lagging economic indicator which confirms the things traders are already expecting.
The consumer price index or CPI shows the cost of goods and services and is also recognized cost-of-living index. CPI helps in managing and controlling the rate at which prices of the good or services rise or fall. The CPI appraise the inflation rate (the rate at which the price of goods and services rise in an economy) which is a part of people’s lives through their everyday expenses. When there is any sign of a rise in the inflation rate, it means the central banks will have to increase the interest rates. Higher interest rates mean the bullish trend in the market.
When inflation stays inside the anticipated levels, it is regarded as a regular figure. Nevertheless, if inflation swerves farther from the target levels for a longer period of time than expected, it can result in a negative outcome for the economy.
CPI is a part of monetary policies, as a result, it can have a higher effect on prices in the forex market.
For a majority of forex traders, non-farm payroll or NFP is one of the most crucial indicators in the all the news releases that come out on regular basis like every month. The NFP report is released by Bureau of Labor Statistics (BLS) on the first Friday of every month. The BLS also declares the unemployment rate as a component of the Employment Situation Report. The report comprises of the data figures for the new jobs which have been created in the US together with some other labor market information. The data comprises of all the workers that have been paid, however, the data leave out the government workers, personal households, non-profit establishments, and agricultural industry.
The main reason behind why NFP is so important and is followed so industriously is because it has a propensity to bring substantial movements in the forex market.
It partly depends on the timing of the release of the report.
There is a close relation between employment rate and the business cycle. The changes in NFP or non-farm payrolls is quite similar to the changes in GDP on a quarterly basis. It means that NFP can be utilized as a proxy in place of GDP. The main difference between NFP and GDP report is that NFP is released on a monthly basis and GDP report comes out on a quarterly basis. In addition, while NFP reports the data of the last month, and GDP reports the delayed information. Apart from the connection between NFP and GDP, NFP report also has the impact on monetary policy of the economy and in which direction the policy will move.
The ADP National Employment Report comprises the economic data concerning the levels of non-farm private employment in the U.S.A. The report is released on monthly basis. ADP stands for Automatic Data Processing, which is also the firm that has been accumulating the employment data and preparing the reports since the year 2006. ADP gathers the data using the payroll facilities and services it delivers to the about 1/5th of the U.S. private employment.
The ADP report comes out two days before the NFP report released by the Bureau of Labor Statistics. Traders in the forex market look at the ADP report as a preview of the more extensive and elaborated reports that are released by the government.
The overall ADP report is categorized in 4 distinct parts:
One of the other reasons for why ADP is such an important indicator for forex traders is because if the employment figures show a continual and strong growth for a period of time, it escalates the inflationary rates and because of that, the Federal Reserve may also increase the interest rates and vice-versa. This will impact the forex market depending on the market situations and economy’s present and potential standing.
Even though the meetings of central banks from different economies are very crucial when it comes to economic indicators affecting the forex market price movements, the Federal Open Market Committee of America is also very important and its meetings have taken the center stage as the US Dollar is at the moment most powerful currency in the world.
Every month the FOMC meeting takes place in order to decide on rates and to provide information about present economic conditions, how effective the current monetary policy is, and what are future expectations from economic conditions and monetary policy.
FOMC meetings can have a vast impact on the volatility of the forex market. The Federal Open Markets Committee meetings are conducted eight times every year and the outcomes of these meetings are highly anticipated by the forex traders as these meetings can affect the demand and supply of the currency pairs in case the outcomes is not as expected.
The trade balance is the difference between the value of the imports and exports of the economy of a country. If the value of exports is higher than the value of imports, the balance will be positive. Similarly, if the value of imports is more than the value of exports, the balance will be negative. In all of this, the exchange rate of the economy’s currency plays a very big role.
To trade successfully in the forex market, traders need to know the exchange rate and the information about a country’s net exports can help the forex traders in analyzing and predicting the future movements in inflation rate and foreign investments. This gives the hints about how the currency market may behave in future.
Trade balance comprises of three main factors:
The foreign exchange rate between two countries is the most fundamental factor for forex trading in Sri Lanka. As the trade balance of an economy relies greatly on the exchange rates between two countries, the trade balance is a main economic indicator for the foreign exchange market. A country’s trade balance is also crucial in measuring the net income of the country through foreign trade
The trade balance helps the economists and forex traders in evaluating and comparing the economic strength of one country to another. If a country has a large trade deficit i.e. large negative trade balance, it would have to borrow the funds from other trading partners in order to buy goods and services. The Trade balance reports can create substantial movements in the forex markets if the data has evidential changes as compared to previous reports.
The proper name for retail sales is Advance Monthly Sales for Retail Trade. However, for forex traders, it is retail sales. The retail sales report is released by the Census Bureau, which is a division in the U.S. Department of Commerce.
This report provides with an early estimation of the value (in dollars) of sales for the retail sector. Although the sales do not include inflation rate adjustments. The report also shows the percentage change in the value of sales from the preceding month.
If the retail sales figures are growing, it shows that the economy is in good health and as a result, forex market takes up the bullish trend. The usage of the retail sales report in forex trading is clearly understandable as the report offers the very particular data about the industries and products on which customers are spending a large part of their income. Retail sales report is one of the most valuable economic indicators in the forex market and using this indicator, the forex traders can surmise the price movements in the forex market to some extent.
If you want to learn about how these economic indicators are useful in forex market analysis, you can refer to ‘ Fundamental and Technical Analysis in Forex Trading ’.
In addition, if you are interested in knowing about forex brokers in Sri Lanka, you can go to, ‘ Where to trade Forex Online and type of Forex brokers ? ’.
Pr Edu October 18th, 2018
Posted In: forex school
Tags: ADP National Employment Report, Consumer Price Index, CPI, Federal Open Market Committee, FOMC, forex, forex brokers, forex brokers in sri lanka, forex brokers Sri Lanka, Forex Trading, forex trading in Lanka, forex trading in sri lanka, forex trading sri lanka, GDP, Gross Domestic Product, Interest Rates, Interest Rates By Central Banks, NFP, Non-Farm Payroll, Retail Sales Report, Trade Balance
In forex trading, forex analysis is utilized by traders in order to figure out whether to buy or sell a particular pair of currency. The analysis could be technical where tools like charts, etc. are used. On the other hand, it can also be fundamental in nature where economic indicators or the latest news are used to determine the bur or sell off the currency.
So basically, forex trading analysis can be divided into two parts:
In fundamental analysis, the economic, social, and political factors are considered during the analysis of the demand and supply of a particular currency. This analysis is frequently used to study the changes or fluctuations in the forex market by keeping an eye over the factors, such as GDP, interest rates, and several other forms of economic information that are released by different countries.
While, an analyst usually considers all the factors including economic, social, and political, it is the economic factors or indicators that play a leading role in deciding the market position.
Given below are three main economic indicators that play a major role in making a
Together with fundamental analysis, technical analysis is also very crucial in identifying the position of the forex markets. This is especially very effective and useful in the foreign exchange market, where several retail traders depend solely on technical analysis to determine future price motions of a currency pair.
Technical analysis involves the examination of past price trends so as to determine the future movements in the market using technical studies, and other technical analysis tools. Forex markets can move only in three directions, upwards, downwards, and sideways. One of the most crucial elements needed for the successful implementation operation of technical analysis is a lot of historical data, which is why the forex market is a prime opportunity for those who would like to use technical analysis in their trading.
The main objective of the technical analysis is:
With the help of technical analysis of a forex market, you can ascertain when and from where to enter a forex market, and most importantly when to get out of the market. As, forex market stays open for 24 hours a day, and provides with highest every day turnover as compared to any other financial markets in the world.
As fundamental analysis focuses on whether a currency is overpriced or underpriced as compared to its equilibrium price, technical analysis is more involved with whether the currency is moving towards up, down, or sideways. If a pair of currency makes sudden jump above or beneath a crucial historical price level, then the technical analysis models will supply you with a recommendation to opt for either long or short for that pair of currency based on the price level.
There are basically three leading trends that can occur in the forex market. They are upward trends, downward trend, and a sideways trend. Let’s have a look at them:
Fundamental analysis works towards calculating the intrinsic value of a currency based on the data such as GDP, interest rates, inflation, rates, etc. On the other hand, technical analysis utilizes the historical market activities and currency price trends in order to evaluate market price trends in the future.
The fundamental analysis employs a long-run approach to analyze the market conditions while using the data from a number of years. So, fundamental analysis is mostly used by the long-term forex market investors as it assists them in selecting the right currencies who value will increase with time in future. As for technical analysis, it takes a relatively short-term approach in order to analyze the market activities and trends and is used on daily or weekly timeframes. As a result, technical analysis is mostly utilized by day traders who look for the currencies that they can sell in near future and make higher profits. The trading takes place within the short-term period.
If you want to learn how to do Forex Trading in Sri Lanka, or how to choose right Forex Brokers in Sri Lanka, you can refer to Introduction to Forex Trading , and Where to trade Forex Online and type of Forex brokers .
Pr Edu October 17th, 2018
Posted In: forex school
Tags: forex, forex brokers, forex brokers in sri lanka, forex brokers Sri Lanka, Forex Trading, forex trading in Lanka, forex trading in sri lanka, forex trading sri lanka, Fundamental Analysis, Fundamental Analysis in Forex, Fundamental Analysis Vs Technical Analysis, Fundamental and Technical Analysis in Forex Trading, technical analysis, Technical Analysis in Forex
Tickmill is one of the highly recognized UK based regulated and licensed Forex broker with offices in UK, Europe and Seychelles.
You can register free using below link
RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK
Then you will get a page as below photo. Click on " Create Account" in order to start creating the live account. ( If you just want to create a demo account, you can use " Try Demo Account " but later on also you can create a demo account to practice)
Now you will get a page like below screenshot
Make sure the " FSA of Seychelles " red tab is selected from top ( You can choose FCA of United Kingdom, if you are a citizen of United Kingdom only )
Now fill the details and make sure you provide accurate details.
Client Type - Choose " Individual "
Title - Choose " Mr " or "Ms/Mrs" depending on your gender
Country of Residence - Choose your country
First Name - Mention your first name ( if you have a long name or several names at the beginning, put them as initials )
Last Name - Mention your surname ( last name in your full name )
Date of Birth - Mention your date of birth
Phone - Enter your phone / mobile number
Then click on " Proceed to step 2 " to go to next step
( If you get any error for incorrect details, correct them and click on proceed to step 2 button again)
Now you will get a page like below
State/Region - Mention the state or region or county ( eg : If you are in Western Province, you can state as Western Province or WP in short format )
City - Mention the City / Town
Street, House, Apt - Mention your house number / name with street address
ZIP Code - Mention the zip or postal code of your area ( You can get your postal code from below site http://www.geonames.org/postalcode-search.html?q=&country=LK or by googling . eg Nugegoda postal code is 10250 )
Are you a US Citizen for tax purposes ? - Mention " No"
Level of Education - Here it asks about your highest level of education. You can choose " High School", " Bachelor's Degree" or " Master's degree" depending on your educational qualifications.
I am Employed - Here it asks whether you are working and getting a salary. So choose "Yes". Then another text filed will show, asking for "Nature of Business". Mention your Job or Business Name.
The Source of Funding - It is asking the source of income that will be used for funding the tickmill trading account . You can choose "Salary " or "savings ".
Gross Annual Income - Here it ask's about your yearly income. You can choose 1000 - 5000, 5000 - 250000 or anything depending on your income.
Total Net Worth - You can choose 1000 - 5000, 5000 - 250000 or anything depending on your income.
Trading Objectives - You can choose "Income" or anything that more suits you.
Under "Trading Knowledge & Experience", they are asking some questions from you. You can choose "Yes" or "No". If you choose"yes", It will show a new field like below screenshot. So you can update that accordingly or select the same like what we have choosen from the list.
IB Code - You can keep the existing code as it is.
Password and Confirm Password - Enter the same password in both fields and make sure that you can remember it ( The password has to be at least 8 characters with numbers, simple and capital letters otherwise you will get 'Use at least 8 characters. Must contain numbers, lowercase and uppercase letter' error until it is according to the format )
Then place a tick to the checkbox at the bottom and then click on " Open Account ".
( If you get any errors, check the details again and click on "Open Account" )
So then you will get a message like below one, if entered details are correct.
Now go to your email inbox and click on the verification link sent by the Tickmill forex broker ( Some times this email can go to your junk folder depending on the security settings. So check in that too, )
Now you will get a dashboard like below photo
So this is the main Tickmill account where you can create any number of live forex trading accounts but we need to verify our identity before creating any of the accounts.
So click on "Upload Documents" orange button that appears on right hand side.
Identification - Upload a very clear scanned or camera copy of your Passport , National ID ( English only ) or Driving License.
Proof of address - Upload a very clear scanned or camera copy of a utility bill or bank statement issued within last 6 months.
Now click on " Submit for review ".
So in about few working days you will get a approval email. In case, if your account does not get approved, they will mention the reasons. So you can correct and resubmit the documents again.
Once your account is approved, you can click on " Open Account " button ( if it does not show, go to "Traders Room " in Tickmill dashboard ). So from this only we create trading account ( account use to place trades )
Fill the details as below
Account type : Choose "Pro"
Currency : Choose "USD" or "EUR"
Leverage : Choose "1:500"
Click on "Open Account"
If the account got created, you will get a message like below one.
Now check your email to get the Account number, Trading password and MT4 Server details sent by tickmill. Keep it in a secure place as you will need this for trading.
Go to " Deposit " link in the account section. You will see a list like below.
If you are using a windows computer, choose " Windows" and If you are using a mac computer, choose " Os X".
Also you can use "Android" or "iOS" based MT4 too, if you want to trade forex using smart phone.
Then you can place trades like in Meta Trader 4 Tutorial ( You can refer the video in it, that would be more than enough )
In case, if you find MT4 is hard to use, you can use ctrader supported forex broker like ICmarket, Pepperstone or Roboforex Forex Broker ( Number of pips, profit and loss, risk etc.. can be automatically calculated in ctrader )
RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK
Pr Edu October 14th, 2018
Posted In: forex
Tags: how to open a tickmill account, regulated forex broker, tckmill sri lanka, TickMill, Tickmill Regulated Forex Broker Account, tickmill sinhala, tickmill sinhala tutorial, tickmill sri lanka, tickmill tutorial
ටික්මිල් කියන්නේ ලොව පිළිගත් එක්සත් රාජධානියේ සිට සේවා සපයන විශ්වසනීය නියාමනය වන ලියාපදිංචි බ්රෝකර් ආයතනයක්.
ලියාපදිංචි වීමට පහත ලින්ක් එක වෙත යන්න
RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK
ඉන්පසු ඔබට tickmill වෙබ් අඩවියේ ප්රධාන පිටුව පහත ආකාරයට දිස්වේවි. දැන් මෙහි තියෙන "Create Account " බට්ටන් එක වෙත පිවිසෙන්න live ගිණුමක් කිරීම සදහා. ( නොමිලේ ඩෙමෝ ගිණුමක් අවශ්යයි නම් Try Demo Account පාවිච්චි කරන්න ) .
ඉන්පසු ඔබට පහත ආකාරයේ පිටුවක් දිස්වෙනවා.
දැන් ඔබ " FSA of Seychelles " කියන ටැබ් එක තෝරාගන්න ( හේතුව ඔබ බ්රිතාන්ය පුරවැසියෙක් නම් විතරයි ඔබට FCA of United Kingdom කියන එක තෝරාගන්න පුළුවන් )
මෙහි තියෙන form එක ඔබේ සත්ය තොරතුරු යොදවලා පුරුවන්න.
Client Type ලෙස " Individual "
Title එකට " Mr " ( පිරිමි ) / Mrs ( කාන්තා )
Country of Residence ලෙස " Sri Lanka"
First Name ලෙස ඔබේ නමේ මුල් කොටස ( නම් කීපයක් තියෙනවනම් මුල් අකුරු ටික දාන්න මේකට )
Last Name ලෙස වාසගම / නමේ අන්තිම කොටස
Date of Birth එකේ ඔබේ උපන් දිනය, මාසය සහ වසර සදහන් කරන්න
Phone එකට ඔයාගේ දුරකථන අංකය යොදවන්න +94 සමග ඉතුරු ටික
E-mail සහ Confirm E-mail එකට ඔයාගේ ඊමේල් ලිපිනය යොදවන්න
දැන් පහත ආකාරයේ තවත් ෆෝම් එකක් දිස්වේවි.
State/Region එකට ඔයා ඉන්න පළාත යොදවන්න ( eg : බස්නාහිර පළාතේ නම් Western Province හරි WP කියලා හරි යොදවන්න )
City එකට ඉන්න නගරයේ නම් යොදවන්න
Street, House, Apt එකට ඔයාගේ ලිපිනය ඇතුලත් කරන්න
ZIP Code එකට ඔයා ඉන්න ප්රදේශයට අයත් පෝස්ටල් කෝඩ් එක යොදවන්න පුළුවන් ( http://www.geonames.org/postalcode-search.html?q=&country=LK වෙබ් අඩවියට ගිහින් code එක ලබාගන්න. එහෙම නැත්තම් ගූගල් එකේ හොයාගන්න පුළුවන්. eg Nugegoda postal code කියලා සදහන් කරා නම් 10250 ලෙස පොස්ටල් කෝඩ් එක පෙන්වනවා )
Are you a US Citizen for tax purposes ? එකට " No " ලෙස යොදවන්න.
Level of Education එකෙන් අහන්නේ ඔයාට තියෙන උපරිම අධ්යාපනික සුදුසුකම් ගැන. " High School", " Bachelor's Degree", " Master's degree" වගේ එකක් යොදවන්න.
I am Employed එකෙන් අහන්නේ ඔබ අදායමක් උපයන කෙනෙක්ද කියන එක. ඒකට "Yes" යොදවන්න. Yes දැම්මොත් තව field එකක් දිස්වේවි. එකේ "Nature of Business" එකට ඔබ රැකියාව / වියාපාරය කරන ශේෂ්ත්රය යොදවන්න.
The Source of Funding එකෙන් අහන්නේ ඔයා ඉස්සරහට ට්රේඩින් ගිණුමට මුදල් දානවනම් කොහෙන්ද සල්ලි ලැබෙන්නේ කියලා තමයි අහන්නේ. ඒකට "Salary " හරි "savings " හරි යොදන්න.
Gross Annual Income එකෙන් අහන්නේ ඔයාගේ වාර්ෂික ආදයම. මේකට 1000 - 5000 හරි 5000 - 250000 හරි ලිස්ට් එකෙන් තෝරාගන්න.
Total Net Worth එකටත් 1000 - 5000 හරි 5000 - 250000 හරි ලිස්ට් එකෙන් තෝරාගන්න.
Trading Objectives එකට "income" කියලා දාගන්න පුළුවන්.
Trading Knowledge & Experience යටතේ ප්රශ්න කීපයක් අහලා තියෙනවනේ. ඉතින් මේ ටිකට "yes" කියලා හරි "no" කියලා හරි තෝරාගන්න. "yes" දැම්මහම ඔයාට තව field කීපයක්ම පෙන්වාවී පහත ආකාරයට. ඉතින් කැමති විදියකට හරි පහත field වලට දාල තියෙන විස්තරයම දාලා පුරුවන්න පුළුවන්.
IB Code එක ලෙස දැනට පෙන්වන එකම එහෙමම තියාගන්න
Password සහ Confirm Password වලට මතක තියාගන්න පුළුවන් මුරපදයක් යොදවාගන්න ( අනිවාර්යයෙන් මුරපදය අංක, කැපිටල් සහ සිම්පල් letters තියෙන අකුරු 8ක් හෝ ඊට වැඩි විය යුතුයි එහෙම නැත්තම් ඔයාට " Use at least 8 characters. Must contain numbers, lowercase and uppercase letter" කියන error එක එන්න පුළුවන් )
ඉන්පසු අන්තිමට තියෙන කොටු ( tickbox ) දෙකටත් හරි ලකුණක් යොදවලා ඉන්පසු තියෙන " Open Account " වෙත පිවිසෙන්න.යම් විදියකින් errors පෙන්වුවොත් ඒවා නිවැරදි කරලා නැවත "Open Account" තෝරන්න.
ඔයා හරියට තොරතුරු ටික ඇතුලත් කරා නම් ටික වෙලාවකින් පහත ආකාරයේ පණිවිඩයක් ඊළගට දිස්වේවි.
දැන් ඔබේ ඊමේල් ගිණුමට යන්න. ඔවුන් පහත ආකාරයේ ඊමේල් පණිවිඩයක් එවලා ඇති ලින්ක් එකක් එක්ක ( සමහර වෙලාවට inbox එකේ තිවුනේ නැතිවුනොත් ස්පෑම් ෆෝල්ඩර් එකේ බලන්න ). එම ලින්ක් එක වෙත පිවිසෙන්න.
දැන් ඔබට පහත ආකාරයේ dashboard එකක් දිස්වේවි !
මේක තමයි Tickmill වල ඔයාට තියෙන ප්රධාන ගිණුම. මේ ගිණුම හරහා අපිට පුළුවන් live ගිණුම් ඕනේ තරමක් විවෘත කරගන්න. නුමුත් ඔක්කොටම ඉස්සෙල්ලා verify කරගන්න ඕන වෙනවා.
ඉතින් "Upload Documents" කියන ලින්ක් එකට දැන් යන්න .
Identification කියන කොටසෙන් පැහැදිලි Passport , National ID ( ඉංග්රීසි ) හෝ Driving License එකක scan කොපි එකක් upload කරන්න.
Proof of address කියන එකට ඔයාගේ ලිපිනය තහවුරු කළහැකි බිල්පතක scan කොපි එකක් upload කරන්න.
ඉන්පසු " Submit for review " තෝරන්න. දවස් දෙක තුනකින් විතර ඔවුන් approve කරා කියලා ඊමේල් පණිවිඩයක් එවාවි. යම් විදියකින් approve වුනේ නැතිවුනොත් . ඔවුන් ගැටළු සදහන් කරලා එවාවි. ඉතින් ඒවා නිවැරදි කරලා ( ගොඩක් වෙලාවට පැහැදිලි නැතිවුනහම තමයි මේ ගැටළු වෙන්නේ ) නැවත upload කරන්න.
ඉන්පසු " Open Account " කොලපාට බට්ටන් ( පෙන්වන්නේ නැත්තම් Traders Room වෙත පිවිසෙන්න ) වෙත යන්න. මේකෙන් තමයි අපි ට්රේඩ් කරන ගිණුම ආරම්භ කරන්නේ.
පහත ආකාරයට තොරතුරු ටික තෝරාගන්න
Account type : Pro කියන ගිණුම් වර්ගය තෝරාගන්න
Currency : USD හෝ EUR තෝරාගන්න
Leverage : 1:500 ලෙස තෝරාගන්න
"Open Account" වෙත පිවිසෙන්න. ගිණුම සාර්ථක ලෙස ස්ථාපනය වුණා නම් ඔයාට පහත ආකාරයට පණිවිඩයක් දිස්වේවි.
ඒවගේම ඔබේ ඊමේල් ගිණුමට ට්රේඩින් කරන මෘදුකාංගයට පිවිසෙන්න අවශ්ය වන Account number, Trading password, MT4 Server විස්තර ඇතුලත් පහත ආකාරයේ ඊමේල් පණිවිඩයක් ලැබේවි.
ගිණුමේ විස්තර සදහන් වන පිටුවේ තියෙන " Deposit " ලින්ක් එක වෙත පිවිසෙන්න. ඔයාට පහත ආකාරයේ ලිස්ට් එකක් පෙන්වාවි.
වින්ඩෝස් පරිගණකයක් නම් භාවිතා කරන්නේ " Windows" තෝරාගන්න.
මැක් පරිගණකයක් "OS X" තෝරාගන්න.
ඒවගේම ස්මාර්ට් ෆෝන් එකෙනුත් "Android" හෝ "iOS" භාවිතා කරමින් ගිණුමට පිවිසෙන්න පුළුවන්.
ඉන්පසු Meta Trader 4 Tutorial ලිපියට අනුව ඔයාට ට්රේඩ් දැමීම කරන්න පුළුවන්.
ඔයාට MT4 එක භාවිතා කරන්න අපහසුයි වගේනම් හොදම දේ ctrader මෘදුකාංගය ලබාදෙන ICmarket , Pepperstone හෝ Roboforex Forex Broker ආයතනයක ට්රේඩ් කිරීම ( මොකද ctrader එකේ සියලුම පීප් ගණනය කිරීම්, ලාභය සහ අවදානම ගැන විස්තර ස්වයන්ක්රීයවම ගණනය කරලා පෙන්වන නිසා )
RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK
Pr Edu August 14th, 2018
Posted In: forex
Tags: how to open a tickmill account, regulated forex broker, tckmill sri lanka, TickMill, Tickmill Regulated Forex Broker Account, tickmill sinhala, tickmill sinhala tutorial, tickmill sri lanka, tickmill tutorial
The world’s foreign currency market (Foreign Exchange Market, Forex or FX) allows easy purchase and sale of foreign currencies. It represents one of the largest and most liquid financial markets in which banks, central banks, financial institutions, governments, corporations, insurance companies, as well as individual investors participate.
The foreign currency market is available 24 hours a day except for weekends, specifically because of the high volume of trading, high liquidity of the market, global distribution, due to the large number of different factors affecting the changes in the prices of currency pairs and the possibility of using the leverage effect (Leverage). In this market, profit is realized by buying and selling currencies at a different rate.
The currencies most commonly traded on the foreign exchange market are :
The foreign exchange market is difficult to compare with other areas of the global financial markets, mostly due to the high sensitivity to a number of factors. Prices on the foreign exchange market are constantly changing. Changes in exchange rates are usually caused by real cash flows, i.e. The course is formed depending on supply and demand, but also exchange rates are very sensitive to the news in the fields of economy, politics and the news of natural disasters. Since such a market is not centralized, the possibility of central bank influence is avoided.
In the next paragraphs, some of the most notable Forex traders will be presented as well as their success stories.
George Soros is probably known as one of the largest investors in history. He picked up his notoriety for being an amazing victor when he supposedly created more than £1 billion of benefits and his short positions on the British pound. That's what he did before the break-up of Black Wednesday, September 16, 1992.
At that time, Great Britain was part of the EMR group, which demanded that the state involve itself in business in the event that the British pound weakens over a certain margin.
Soros effectively anticipated that the conditions blend - the association of the high British interest rates around then and the ominous rate in which Britain joined the EMR - left the Bank of England helpless.
England's promise to keep up the pound against the German brand implied mediation when the pound debilitated - either through the buy of sterling or by rising loan fees or a blend of both. The subsidence implied that higher loan costs were extremely hurtful for whatever is left of the economy. This hampered the investment at a time when the actual incentive was actually needed.
He once told the Wall Street Journal: "I am rich because I know when I'm wrong." In the meantime, the statement demonstrates his ability to remove a business that does not work and the teaching shared by all the best Forex dealers.
Stanley Druckenmiller believes that George Soros is his mentor. In fact, Soros and Druckenmiller worked for more than a decade in Quantum Fun. But Druckenmiller then created his own reputation by successfully managing billions of pounds in his own fund called Duquesne Capital.
In addition to being part of Soros's famous trade in Black Wednesday, Mr. Druckenmiller, in his retirement, acted with years of incredible results of two-year profits with Duquesne. Druckenmiller's value is estimated at more than $ 2 billion.
Druckenmiller says that his exchanging logic for building long-haul returns is rotating around capital protection and afterward forcefully seeking after benefits when exchanging is great. This approach diminishes the importance of correct and wrong decisions.
Instead, it stresses the value of maximizing opportunities when the decision is true and reduces the damage when it is wrong. As Druckenmiller said in an interview for The New Market Wizards, "there are plenty of shoes on the shelf, just wearing those that are right for you."
Andrew Krieger has dependably shown a flare and enthusiasm for finance and business enterprise. In the wake of doing his college degree at Pennsylvania University's Wharton Business School, he was employed as a cash trader at Bankers Trust, where he had his chance of a lifetime. In 1987 at 32 years old, while most speculators were freezing over the Black Monday crash, Krieger kept a composed attitude and made the circumstance advantageous for him. While all the world's monetary forms had endured, Krieger noticed that the New Zealand Dollar, otherwise called the Kiwi, was in a more grounded position. He took up a short position against the Kiwi that was worth a huge amount of dollars, with the goal that his offer requests surpassed New Zealand's real cash supply at the time. Krieger made $300 million in income from this exchange, much to the worry of the New Zealand government who attempted to influence his managers to influence him to stop. He cleared out Bankers Trust not long after to work for George Soros and afterward Northbridge Capital Management. He is another incredible donor who has given over $350,000 to help the Indonesian tsunami casualties.
Unexpectedly, Bill Lipschutz's profits were numbered in hundreds of millions of dollars created at the Salomon Brothers foreign exchange department in the 1980s - despite his previous inexperience in currency markets.
Mr. Lipschutz often referred to as the Sultan of Currencies, describes FX as a very psychological market. Also, as our other fruitful Forex dealers, the Sultan trusts that market recognition decides the value activity similarly as successfully as unadulterated nuts and bolts.
Lipschutz concurs with Stanley Druckenmiller's view that the execution of a Forex dealer does not rely upon whether your choices are more frequently revise than off-base. Instead, it emphasizes that you need to figure out how to make money, while you have just 20 to 30 percent of the time.
Here are some other key principles of Lipschutz.
Lipschutz also emphasizes the need for risk management, since the level of your trading should be chosen so that they would not be excluded from your position if your time selection is wrong.
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Bruce Kovner is yet another exceptional New Yorker, associated with basketball and piano playing aptitudes as well as his business abilities. Subsequent to learning at Harvard where he took a shot at various political battles, Kovner turned into a taxi driver. It was amid this time he found items trading, which set the phase for a lifetime of budgetary accomplishment. Kovner's first trade in 1977 was a perilous one in soybean futures contracts. The $3,000 that he acquired utilizing his MasterCard paid off as the contracts esteem expanded to $40,000. He sold the contracts simply after the cost had dropped to $23,000 and right up 'til today, he says that that nerve-racking background showed him about hazard administration. Kovner proceeded to wind up a dealer at Commodities Corporation, and after that setup and drove the expanded exchanging association Caxton Associates, LP. Toward the beginning of 2012, Kovner established CAM Capital as the stage on which to deal with his venture, trading, and business exercises. And additionally leading this association, he sits on the Boards of Synta Pharmaceuticals and different expressions panels, for example, the Metropolitan Opera. His trading background gives him total assets of $5.3 billion.
Michael Marcus dreamed of becoming a psychologist and building a scientific career. However, the only trip to the exchange opened a gambler in it. A young man radically changes his life and after many losses still becomes a millionaire. Meet Michael Marcus, a trader who changed his character and earned $ 80,000,000.
He was born in 1956. The natural giftedness helped quickly to cope with the school curriculum and enter a higher educational institution. The story of Michael Marcus's ascension to the stock market Olympus began in the late 60's when he graduated from the Johns Hopkins University. Among the best students, he received a scholarship from Clark University for writing his doctoral dissertation in the field of psychology. Perhaps life would have gone on a rutted track, and Michael became a university teacher. However, in his life appeared John, an undergraduate from his own faculty.
A vicious circle of failures was broken by a meeting with Ed Seykota, the father-developer of software for stock trading. By the time he met Michael Marcus, Ed was already a successful trader. He lured to his organization Michael and became his teacher of stock trading. Seycotte explains how to curb losses and maintain positions that generate profits. Slowly Michael learns not to succumb to excitement, predict and in time to get out of unprofitable transactions. In 1972, Marcus gets his first profit - $700. Six months later they turned into $12,000, another year later - $64,000.
Originally Michael Markus trades raw materials: plywood, grain, cotton. Then he is fond of currency transactions. Trade went around the clock; the size of positions measured hundreds of millions of dollars and German brands. Michael was one of the largest traders on the currency exchanges.
In 1974, one of his friends invited Michael to become a trader at Commodities Corporation. He readily responded, but the leadership did not at first want to take a simple bachelor. It was convinced that a successful degree needed a successful trade. After much persuasion, Marcus still takes to work and allocate him an account of $30,000. After 10 years, it already had $80.000.000. It should be noted that the company only once put about $10,000 on the account, and then regularly rented large sums for development. According to memoirs of Marcus, the profitability of transactions was 100 and more percent per year.
Paul Tudor Jones was born on September 28, 1954, in the city of Memphis, Tennessee, USA. Here at the University of Memphis, he graduated, after which he received a degree in economics from the University of Virginia. He began his business career as Paul Tudor Jones in 1976 as a clerk. But sooner he becomes a broker of E.F. Hutton. “Participated in the 1976 championship in boxing and quite successfully.
Since 1980, he has been an independent trader for two and a half years, and then, Paul begins to trade in the New York Cotton Exchange (New York Cotton Exchange), cotton futures.
In 1980 Paul Tudor Jones founded the investment fund "Tudor Futures Fund", under whose management was 1.5 million US dollars. Paul invests in it all the money earned by that moment and attracts customers' funds. Soon, "Tudor Investment Corporation" becomes the best investment fund. Annually, for the first five years of work, the fund brought a 100% profit. At that time, the size of the fund was not very large, and it was easy to manage because there was no market reaction to the manipulations that Paul Tudor Jones was conducting on the market.
Nuances of the trading strategy of Paul Tudor Jones: Paul concludes a large number of transactions, but only a small percentage of them are successful. According to a source, 20-25%, for others, not more than 10%. But the profit on successful transactions covers with a large margin all losses for unsuccessful transactions. Control over risk is the essence of its trading style. He does not think about what he can earn on this transaction but is concerned about how much it can lose on this transaction. If during the trading session the total amount of his trading account is reduced by 1-2 percent, then, in order to curb the risk, he can close all his positions. He says that "It's always easier to return to the market than to get out of it."
Joe Lewis was born in February fifth, 1937 in Bow, London, United Kingdom. At the age of 15, he needed to relinquish his examinations to work at Tavistock Banqueting, a catering organization possessed by his dad. Shortly after, Lewis took control of the organization and help in its extension.
In 1979 he sold the family organization to completely center on the money business. He had enough cash then to settle on the choice of moving to the Bahamas, a low-tax area.
From his home in the Bahamas, he began working systematically in the Forex showcase, continuously expanding his own capital farthest point. The span of his fortune is basically owed to his bet on the outside trade advertise in the mid-90s.
In 1992 he shared close-by George Soros in the fall of the Bank of England. Lewis keeps the measure of money he earned on this action private; a few speculators assert it surpassed Soros' income.
His biggest profit, notwithstanding the wager against the Pound Sterling, was in mid-1995 while wagering against the Mexican Peso.In 1994, Mexico was in a genuine monetary state because of the absence of global stores, notwithstanding displaying a tremendous and developing business deficiency.Lewis saw the Mexican government was dealing with the circumstance inadequately since, in his view, they weren't securing the Mexican peso. He rapidly observed a short deal chance against the Mexican peso, and decisively he made the activity.
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Urs Schwarzenbach was born on September 17th, 1948 in Thalwil, Switzerland, and was brought up in Küsnacht, Switzerland.
In 1968 he started working at the Swiss Bank Corporation, a money-related organizations association. His first work was inside the foreign affairs division, and by then, he got into the foreign exchange market division.
In 1972, at the age of 24, he was sent to London in the portrayal of the organization. His dad, who wasn't excessively affluent, gives him 100,000 Swiss Francs as a blessing so he could figure out how to exchange with his own particular cash.
Schwarzenbach utilized the cash his dad gave him on an activity with a use of 10:1 and got his initial million in the outside trade advertise.
In 1976 he was at that point a mogul. Energized by his prosperity, he established his own organization, Intex Exchange. By the mid-eighties, his organization acquired a huge number of Swiss Francs (CHF) in income, as per a few trader reports. Also, they demonstrated that Schwarzenbach was a watchful trader.
Michael Steinhardt was born on December 7th, 1940, and is a support stock investments administrator, financial specialist, funder, daily paper proofreaders and dynamic giver in Jewish causes.
It was his dad who kicked him off in the realm of the fund, giving him envelopes loaded with cash to put resources into the stock trade so it gave him the beginning capital for his vocation as a financial specialist.
Steinhardt figured out how to acquire a record yield that still emerges in Wall Street; a 24% compound yearly development rate for a time of 28 years.
Likewise, he is known for having figured out how to accomplish this record with almost every money-related instrument: securities, cash (Forex), stock, long and short alternatives, and in timeframes going from 30 minutes to 30 days.
His value is assessed to be more than 1 billion dollars as indicated by the Forbes Magazine.
Besides making your investments expand, markets will dependably encounter crashes, and what all these notable Forex traders have in common is a will and an assurance to transform even the most noticeably bad circumstances into chilly, hard money. Where others freeze, they serenely investigate, and when others surrender trust, they hop on rising openings. They additionally consider chance risk management important and when their safety measures and in addition their hazard taking the result, they share their pay with those in require. While they have committed errors in their chance, these men demonstrate that all circumstances and encounters at last prompt awesome triumphs, which makes them a motivation to those of us inside the universe of Forex trading.
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Pr Edu July 23rd, 2018
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