Let me tell you "how to have position", which is actual how to trade.

Market Order

"Market order" is a kind of selling and buying order without naming a price. There are many kinds of system as to trader. But trader usually clicks a button watching value change. As a chart does not generally stop, it may happen that there would be a gap of some points.

Limit Order

"Limit order" is a kind of selling and buying order with naming a desired price. When long position, we want to buy as cheap as possible. For example, when an exchange rate is 115 yen, you price 114.9 yen as limit order. And when a market decreases down to there, it hits!

Stop Order

"Stop order" is a kind of selling and buying order with naming more unprofitable price than current price. You must think it why. Current condition is unchangeable market within 115 yen. But, once the rate starts increasing, it may be up to 116 yen. Or it may be down to 114 yen. Nobody knows where to go. In that case, that is "stop order" making a lot of money riding on a dull market.

"Market follower" is taking a position following a trade trend. And "contrarian" is taking a position against a trade trend. These words are used in a market order.

Have a bank account! Make sense a trade system! So what you do is only an actual trade! That is what normal people hesitate. They are not sure what to buy and how much they should use for buying. Even though they try to see many kinds of sites to get some advice, what is written there is all different. So which one should be credible one?

Many professional trader or analysts send a lot of information. Lets try to read what popular person write. This person predicts yens appreciation, because of ~, or there is a possibility to decrease Euro, because of ~.

You had better not believe in directly. Please wait at least 1~2 weeks. Because you had better inspect that a market really moves just like what the analyst said. And if you think that "person might be credible", may be you can ride on what he/she says. About leverage, 1~2 times is proper. Funds are 1~2 million dollars. That should be the first trade.

It may happen that a condition dose not come well. Latent loss may increase. Your stomach may ache from that worry. Or may be you could make benefits fortunately.

But, do not increase position immediately. You would be very damaging if you lose soon after you join in. you had better try to be accustomed to trade. Please do not rush.

Even if a chart move like what you want or not, you had better prospect look brighter. For example, if you buy a million dollars in 115 yen to the dollar exchange rate, and you want the rate to increase up to 116 yen and you prospect look brighter well. Use "limit order" you balance your account at that stage.

And what more important thing is that you have minus aim or not. It is about the aim how much you can accept potential loss you would have to get. When you buy for 115 yen and you lose 10.000 yen. If a rate decrease down to 114 yen and you do not want to lose any more, you can take stop order when 114 yen.

It is very important thing. Please keep stop-loss stop order you made.

You may think "a condition could come back well in the future" or "let's wait for a while". Let me give you an example. You make setting of 114 yen stop-loss decreased down to 113.5 yen, but it still decreases. So the setting is changed to 113 yen. Such a way is usually a fatal mistake.

Even I advice so, there are many people who can not keep. You have choice you believe or not now. But please do not change stop-loss line what you made easily. Therefore, you can prevent the worst of 99%.

These trade ways are also varied trader to trader. But there are "IFD=If Done" and "OCO=One Cancels other" as a useful trade way. If a trader you chose adopts them, you had better use such a system.

"If Done" means that if your desired order comes good, you order next. And "OCO" means that "if you order more than 2 and one of them comes good, you cancel other". OCO is very useful as you can have the position. Even if the rate becomes both high and cheap, it is very useful for busy people who can not check a chart as you can name a price in advance.

You can combine If Done and OCO as to a trader. Or it is also varied that you can have "hedge" or not as to a trader. "Hedge" means that you can have position both buying and selling in a pair of currency. It is very controversial that hedge is gaining or losing as a trade way.

To be hones, it is not easy to figure out what a trader really works on until you have an actual account. So try making an account in a trader you are interested. If hard to use, do not chose the trader. Such a selfish choosing style can be a smart way.