Saturday, June 21, 2008

How To Join and Learn Forex Trading


What is Forex ?

FOREX is a highly profitable business which doesn’t depend on time, place or political situation in your country. The main FOREX advantage is that you perform operations using computer from any part of the world 24 hours per day 5 days per week. FOREX is your own business, your responsibility and your success.

How To Join ?

There are so many forex broker that let you to make money in forex, but i personally suggest you to join Marketiva

Why Marketiva ?

Marketiva are :

- One of the most popular over-the-counter market makers in the world.

- The best place for beginner or newbie who want to learn forex trading.

- Free to sign up and give you $5 real money reward start live trading and $10000 virtual money.

- No commissions or exchange fees on your trades, no overnight charges.

- 24 hours/day customer support in multiple languages( Such as English, Chinese, Arabic, Malaysia, Indonesia and so on).

How to Registering to Marketiva ?

A. Open an account


1. First click here Marketiva to register.

2. Then click on Open Account Tab, that will open the registration form.

3. Registration Form :

Note : Please fill the form using valid informations such as Real Name, Full Address, Phone Number, Postal Code, City and Country.

Username : Fill with your username.

Password : Fill with your password.

Re-type Password : Fill with your password again.

First Name : Fill with your first name.

Middle Initial : Your middle initial or you can empty it.

Last Name : Fill with your last name.

Job Title : You may empty it.

Organization : You may empty it.

Street Address : Your address.

Additional Address : Your additional address.

City : Your City.

Zip / Postal Code : Your ZIP/Postal Code.

State : Your State or fill with "/" if none.

Country : Your Country.

Phone : Your Phone number.

Fax : Your Fax number or you may empty it.

Mobile : Your Mobile phone number or you may empty it.

E-Mail : Your e-mail.

Website : You may empty it.

After that, check your data carefully and click on Continue Button.

4. In the next page:

- Choose Standard Forex.

- Fill the Coupon box with these following code (choose one):

SP651YNEVP, PGL74Z65KR , VI9D7S2TTE , W79RS0R070 , D4GUEY1LW8, OW159UPN79, ODB1CL2XDZ, A0WO3WZIFM, O7EK9F3K2Q, X3KFL0I0PT, 2VSIOZP1C5 , GFP3DW3H4F, X549EYMJV8, 6L4U8UBEFN, XDLJVCJBRQ, X4XX5ZX3WK,WW7WSI2R42,G0G7RXZ4GN, IJT2D35B2W,VOF3WKWQ8U.

A coupon can provide you a discount, access to restricted chat channels and other special features.

If you found that these coupons are not valid then leave the coupons box empty.

- Fill the Recovery Question and Recovery Answer box.

- Click next, and go to next page.

5. In the Term and Condition page, tick the box to agree the Term and Condition. Then click on next button, and go next page.

6. Registration is done. Your account has been created.

NOTE: Don’t create more than one account for the same person. Marketiva will be entitled to cancel one or all of the accounts. Marketiva has the commit-ment to help the government in combating any kinds of money laundering and all kinds of other cyber crimes

B. Begin to use Marketiva Software

1. Before using you must download the Streamster software as your tool to do online forex trading in Marketiva.

Click on this link to download:

http://www.marketiva.com/index.ncre?page=downloads

2. Click on "Streamster™ Installation Package" and save the file on your hard disk, and install this software by running "setup-streamster-1-xxxx.exe" file on your computer.

3. Run the Streamster Marketiva Software on your computer. Sign in windows will be appear. Type your username and password, don’t change the profile. Then click on sign in.

4. The Streamster application will be shown.

C. Marketiva Streamster Introduction

Forex: showing all of forex currency value in real time.

Funds: showing all of fund value in real time.

Indexes: showing all of index value in real time.

Commodities: showing all of commodity value in real time.

Charting Window: Displaying the chart of currency pair, you can customize this chart window look by right click your mouse on these chart and choose the menu option that popped up.

Discussions Window: The facility to do conversation with support team staffs and with other trader around the word. Find your country discussion room by click on group button and tick the country name that shown, you can chat to each other by your language, or choose International Support room to get help in your language. The Support room is in English language only.

Portfolio window: Show your account condition, you can see the transaction that running and how much margin you used. You can see your profit and your money left, separated in Live Trading and Virtual Trading.

Signal window: You can get signal here if you already registered to one of Signal service that Marketiva provided, find how to register on Marketiva website. Or you can get free signal by chatting on discussion room on Streamster Software.

Orders: The record of order transaction that you do before and now.

Trades: The record of trade transaction that you do before and now.

Positions: The record of trade position that still open or already closed.

Account Center: Your detail account and money data.

NOTE: Click and open all menus on Streamster, don't be afraid to try it all, recognize and learn all of the facility, so you can do forex trading well.

D. Buy and Sell Order

1. On the charting window press right click your mouse. Choose buy/sell in the menu option that popped up, and Send Order window will be open.

2. Choose your currency pair in the Instrument box. Example: GBP/USD.

3. Enter the amount of Quantity you want. I suggest to use only 10-20% from your deposit money, it’s because you must have margin to hold some loss position. Example: Your deposit money is $5.

Use only 20% = $1. Fill Quantity with $1 x 100 = 100.

4. In the Desk box, choose Virtual Trading if you want to practice your trading skill using virtual money , or choose Live Trading if you ready to trade using your real money.

I suggest to choose Virtual Trading for a beginner, practice your trading skill first to learn and know how to trade.

5. In the Buy/Sell box.

- Choose buy when do the transaction with up prediction.

- Choose sell when do the transaction with down prediction.

6. Price Type :

- Market : An order to immediate execution based on market price.

- Limit : An order to execute a transaction only at a specified price or better.

- Stop : An order that trades after a specified price level has been reached.

7. You can set the Exit Stop-Loss and Exit Target of your transaction.

- Exit Stop-Loss = Stop Loss (SL) = Losing point that set on the transaction.

- Exit Target = Target Profit (TP) = Profit target of transaction.

8. When your Send Order setting is complete, click OK.

9. Your position will be added in the Orders window, and in the Positions window when executed.

NOTE:

- You can set or edit the Exit Stop-Loss and Exit Target of your transaction by clicking on the number on Order/Position ID column, then click on Change button.

- You can stop/close the transaction manually, because of the loss or you have enough profit by clicking on the number on Order/Position ID column, then click on Close button.

E. Deposit and Withdraw

E.1. Verification ID

1. Before you can deposit and withdraw you must upload your identification document, such as ID Card and Telephone or Electricity Bill.

- Go to this link: https://www.marketiva.com/index.ncre?page=identification

Then you must Login with your username and password, and then click on Account Center, Services, and Identify Yourself, that will open identification form.

- On first row (Picture Identification Image) click on Browse button to upload your document, the document must have your picture on it, you can use ID Card, Passport, or Driver License.

- On second row (Address Confirmation Image) you must upload your document that have your address on it, the address must be same as the first document your uploaded, you can use Telephone Bill, Cellular Bill, Electric Bill, or Bank Document, the name on this document can be different for you that still live in your parent house.

NOTE: All of this document must not greater that 100 Kilobyte, must be in JPEG/JPG format and in color or grayscale picture file, monochrome is not allowed.

- Click on Upload button, if not success please check your file size, or try it later on non busy time, please not upload it on Saturday and Sunday.

E.2. Deposit

1. You can make deposit to your Marketiva account via Liberty Reserve, WebMoney, Wire Transfer, E-Dinnar.

Registering to Liberty Reserve.

Liberty Reserve is one of famous payment processor on internet, and using by a lot of internet business performers worldwide, Liberty Reserve is easy to use and suitable for most country.

Click here Liberty Reserve to open registration page.

Or click on this link: http://www.libertyreserve.com/?ref=U1073458

Please only enter Liberty Reserve using the link above, that is my referral link ,you will get $0,05 in your account if you being referred. Please… and thanks.

Then Click on "Create Account" menu in the Liberty Reserve website.

a. Step 1, verify your e-mail. In the registering page you need to enter your valid e-mail address for being verified

- Click on Submit button then you will see this text that indicating the verification e-mail had been sent to you e-mail address.

- Your account activation code has been successfully sent to your e-mail.

- Open your e-mail in a new browser window. Find the e-mail from Liberty Reserve, if you can't find it in inbox folder, try to find it on junk or spam folder. Then remember or copy your account activation code.

b. Step 2, enter your activation code.

- Back to Liberty Reserve website and enter your activation code.

- Then click Next.

c. Step 3, fill in your data. On the next page fill in your data completely.

Account Information :

Account Name : The name for your account

Security Information :

Password : Fill in with your password.

Re-enter Password : Re-type your password.

Login PIN : Fill in with your PIN.

Re-enter Login PIN : Re-type your PIN.

Security Question : Choose your security question.

Answer : Fill with the answer of that question.

Personal welcome message : Fill with your personal welcome, to make sure the member page that you entering is really belong to you

Personal Information :

First Name : Fill it with your first name.

Last Name : Your last name.

E-mail : Fill it your valid e-mail address.

Address : Fill it with your complete address.

City : Your City.

Country : Choose your country.

State/Region : Fill it with "N/A" for non US.

Zip/Postal code : Your zip code

Phone : Your phone number.

Date of birth : Your birthday (month/date/year).

- Click Agree button.

- In the next page your account number and your security PIN will displayed. You must saving this page immediately, don't leave it or open other website before save it, you can print it or save it as file Then save or print that page.

- Your registration process is finished, to accessing your account please click on "Account Login" on the menu.

Note :

Buy or sell Liberty Reserve dollars

On the main menu you can find official e-currency changer for Liberty Reserve, just clicking on "Exchanger" menu, you can buy or sell Liberty Reserve Dollars using your bank account or credit card.

2. Deposit via Liberty Reserve.

If you already have Liberty Reserve account, you can login to Marketiva streamster click Account Center, then click on Deposit Funds menu

- On the next page you must click on Liberty Reserve logo to choose deposit your account by Liberty Reserve.

The form will be appear, fill in all the boxes completely:

- Recipient Account No : U5305307 (Automatically filled)

- Payment Memo : Fill your memo ex. Marketiva or 123456

- Sender Account No : Fill in with your Liberty Reverse account ex. U1234567

- Sender Name : Fill in with your name

- Amount : Enter the amount that you want transfer

- Currency : USD ($)

- Click on Deposit Fund button, the Liberty Reserve Shopping Cart Interface will be shown

Checkout

- If OK just click on Login. Next page will be appear.

Login: Step 1 of 2

- Fill your account number, login PIN, enter the code.

- Click on Login button to enter the second login page.

Login: Step 2 of 2

- Fill your password

- Check your personal welcome message, and tick if your welcome message is correct.

- Click on Login, then the transfer page will be shown.

Transfer

- Fill To Account : U5305307

- Amount : Enter the amount that you want transfer

- Memo : Fill your memo ex. Marketiva or 123456

- No Private Payment, if you need it you may to tick it with fee $0.75

- Security PIN : Fill the security PIN

- Click on Preview

Transfer Confirmation

- Click on Confirm.

Transfer Successful

- Click on Return to Merchant button then the confirm page will be shown.

- The Deposit Fund transfer process is finish, you can see your money added on Portfolio windows (Default Desk; Click Transfer Fund if you want to transfer your money from Default Desk to Live Trading Desk) on Streamster software.

E.3. Withdraw

1. First, you must transfer your fund to Default Desk.

2. Login to Marketiva streamster, click Account Center, then click on Transfer Funds menu. You must do this Transfer Fund procedure because you only can withdraw the money from Default Desk.

3. Select Desks for Funds Transfer :

- From Desk : Choose Live Trading

- To Desk : Choose Default

- Amount : Enter the amount that you want transfer + $7 fee for transaction using Liberty Reserve, this $7 fee is only for your first withdrawal, for the next withdrawal you don't have to pay fee again.

- Click Transfer ,and click on Confirm Transfer button on the next page

4. After your Default Desk is filled, now you can withdraw it to your Liberty Reserve account. Go to Account Center and click on Withdraw Funds menu.

- On the next page you must click on Liberty Reserve logo to choose withdraw your account by Liberty Reserve.

The form will be appearing, fill in all the boxes completely:

- Recipient Account No : Fill in with your Liberty Reverse account ex. U1234567

- Recipient Name : Fill in with your name.

- Amount : Enter the amount that you want withdraw without $7 fee.

- Currency : USD ($)

- Tick on little box (√) at "Remember this data and use..." to make your data automatically filled on the next form, so you don't enter it again.

- Click on Withdraw Funds button, and the confirmation page will be appear.

Review Withdrawal Totals

- Click on Confirm button if you agree with that confirmation.

- The Withdraw Fund transfer process is finish, you must wait until Marketiva staff processed your transaction in less than 24 hours on working days, this process is not automatic because Marketiva want to protect your account and make sure that transaction is doing by appropriate person.

This is the end of my Marketiva Tutorial for Beginner

Enjoy the Forex trading and get much profit

Thank you for all of your attention