It’s time to learn more about the market. My step by step journey through Forex continues. So before jumping into the deep water, let’s wet our feet first, and get used to the temperature… and focus on the following forex trading terms: Currency pairs: Major currencies, Cross currencies, and Exotic pairs Trading hours It’s time …
Now that you wet your toes, we are ready to start swimming lessons… Let’s jump right in. We will now start giving you the basic tools necessary to be a successful Forex trader. Charts Types Supply and Demand Lines & Trends Time Frames Trading Styles: long, short, day, intraday, swing, scalping Multiple Time Frames Strategy …
Sometimes a fundamental approach is even more important than a technical one. From George Soros to Warren Buffet, some of the world’s most famous traders have admitted that they owe their fortunes to the fundamental analysis they have made over the years. Main market forces Where can we find all the information? The power of expectations …
It’s time to get right into the thick of things and start learning about technical analysis, one of the most common forex trading strategies. In Chapter 6 we will discuss some of the most popular forex trading strategies. Technical Analysis Support and resistance levels Price action Chart patterns Channels Technical analysis methods acquired huge popularity towards …
In the next two chapters, you will receive a detailed introduction to your technical toolbox. Every professional has his own working tools and so do Forex traders. Our toolbox contains a variety of analytical tools. These tools are helpful for efficient, professional technical analysis (which at the same time, in many cases, support fundamental decisions). …
Having met Mr. Fibonacci, it’s time to get to know some other popular technical indicators. The indicators you are about to learn about are formulas and mathematical tools. As prices shift all the time, the indicators help us put prices into patterns and systems. Technical indicators are on the trading platforms for us, operating on …
In this chapter we will show you which trading strategies you can combine to get the best results (two is usually better than one). Elliott Wave: Prediction pattern Divergence Trading: Predict the future Trading plan: Retracement/Reversal Strategy Opening and closing position: Two simple trading strategies Currency Correlation: Fundamental Strategy – play your currencies like a …
In will discuss how to maximize your profits while minimizing your risk, using one of the most important tools of forex trading – proper money and risk management. This will help you mitigate your risk and still allow you to make a nice profit. Market Volatility top Loss Settings: How, Where, When The Risks of …
To trade Forex successfully you need to learn the basic forex terminology. Learn about: Currency Pairs It is very important to get to know basic Forex Terminology in order to trade knowledgeably. The terminology is important to be able to read currency price quotes. Remember: in Forex, each currency is compared to another currency. Base Currency – The …
Basic Forex Terminology – First Steps in Forex Trading Read More »
In this chapter you will learn about the relationship between stocks, indices, and commodities to the Forex market. In addition, you will learn how to master the MetaTrader platform. Stocks, Forex, and Commodities – Long relationship… Forex Signals – Following market alerts What not to do Master the world of Forex: “MetaTrader” Stocks, Forex and …
Forex in Relation to Stocks and Commodities and Trading with MetaTrader Read More »