Online Forex Trading, Even beginners Can Understand Forex Trading: Before explaining how to get started with Forex, let’s check the basic premise of “How can I make a profit with Forex?” If you do it before you understand how it works, you are likely to fail.
For example, let’s say you have opened a buy position of US $ 10,000 against a “US $ / Japanese Yen” currency pair at US $ 1 = JPY 110. This means that you have traded “110 yen x 10,000 currencies = 1.1 million yen”.
Online Forex Trading can be leveraged up to 25 times in the case of an individual account, so it is actually in the account You can put in a smaller amount of money.
And if you settle this position at the timing when 1 US dollar = 112 yen, “112 yen x 10,000 currency = 1.12 million yen” will come in, so the difference between the invested 1.1 million yen and 20,000 yen Will occur. This is called foreign exchange gain.
Until then, I was able to get 1 US dollar for 110 yen, but the reason why I needed 112 yen with 2 yen added is that the value of the yen has decreased against the US dollar (the yen has depreciated).
It means that. In other words, foreign exchange gains can be obtained by settling when the currency depreciates more than when the buy position was opened.
On the contrary, if you settle this position at the timing when 1 US dollar = 108 yen, it will be “108 yen x 10,000 currency = 1.08 million yen”, and there will be a loss of 20,000 yen from the 1.1 million yen you invested.
I will end up. This is called a foreign exchange loss, and it occurs when the value of the currency rises (the yen strengthens) from the time when the buy position is opened.
At the very least, when you start Forex, let’s understand how this fluctuation in the exchange rate makes a profit.
When using “personal authentication with a smartphone (driver’s license only)”. Except when there is a defect in the application and contents from 9:00 PM on Friday to 7:00 AM on Monday.
What you need to start Online Forex Trading
To start Online Forex Trading, you first need to open a trading account. Then, when you open an account, you need to submit your identity verification documents and Number in addition to entering your personal information from the prescribed application form.
Besides, since FX is an online transaction, a communication environment that can connect to the Internet, an information communication terminal that meets the specified specifications, and an OS (operating system) are also essential items.
However, with the improvement of the communication environment and specifications, recently, full-scale trading can be done with the trading application downloaded to the smartphone.
Once you are ready to open an account and have the smartphone you need for trading, you will want to proceed with the procedure. But before that, there is one more thing I want to arrange properly.
Once you are ready to open an account and have the smartphone you demand trading, you will want to proceed with the procedure. But before that, there is one more thing I want to do properly.
Flow Of Online Forex Trading
Once you have decided which company you want to open an account with, it’s time to start the specific procedure. Initial to open Online Forex Trading account, first enter your e-mail address, password, and date of birth from the form provided on the homepage.
After that, click the authentication button in the email you receive to complete the main registration. Next, enter the required information on the account application form.
After completing the input, send the identity verification document and Number document by one of the following methods: (1) Identity verification with a smartphone (driver’s license only) (2) Send from the upload form (upload online), (3) Send by fax, or (4) Mail.
Identity verification documents and Number documents allow you to confirm the “name, address, date of birth” entered in the application form.
If you have already obtained an “Individual Number Card” with a photo, you can copy and attach both sides of it, and the front side will be your identity verification document and the backside will be your Number document, so there is no annoyance.
If your Number document is a “notification card”, you will need a separate identity verification document such as a driver’s license, passport, or Basic Resident Register card.
Besides, when opening a corporate account or a personal account by a minor (18 to 20 years old), separate documents are required, and minors can only be accepted by mail.
If you are permitted to open an account after completing the procedure, those who have performed “(1) Identity verification with a smartphone (driver’s license only)” can log in immediately and make deposits and transactions.
If you use a method other than “(1) Identity verification with a smartphone (driver’s license only)”, you will receive a simple registered mail with an identity verification code that does not require forwarding.
You can log in as soon as you enter the code. After logging in, you can start trading immediately by completing the deposit by either direct deposit (immediate deposit by Internet banking of affiliated financial institutions) or bank transfer.
In the case of Online Forex Trading account, the account application procedure is completed in just 5 minutes. And in the shortest case, you can start trading from the day.
The hurdle of “opening an Online Forex Trading” is not unusual
Now, how did you feel when you saw the flow from opening an account to starting a transaction? The work itself may not seem particularly difficult, but it can be anxious for people with no investment experience.
However, if you have any questions during the application procedure, you can contact the customer care support and they will advise you, and since you can open an account for free, it is good to take a comfortable attitude of “try to make it first”. Let’s do it.
It takes a certain amount of courage to try anything for the first time, but in reality, the difficulty is not so high because opening an Online Forex Trading Account does not incur any particular cost.
Moreover, you can complete the account opening application procedure from your smartphone. Even if you are not confident that you will start trading, you can create an Online Forex Trading account anyway, do not invest funds at the beginning, and learn how to use it by experiencing it while operating the trading application.
It is a thought. If you also observe the movement of the exchange rate on the chart screen, you will gradually get the ability of trading.
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