Lesson 1: Introduction
“The secret to being successful from a trading perspective is
to have an indefinite and tireless thirst for information and knowledge.”
Paul Tudor Jones
Forex trading, the abbreviation for “Foreign Exchange Market”, occurs when one currency is exchanged for another one. Think about when you have to take a trip from Europe to America; of course, you will have to change your money from Euros to Dollars, and at that moment, you also become part of the world Forex market, a market considered the largest in the world. When we read EUR / USD, at that moment, we are trying to figure out in the future how many dollars will be worth 1 €. The beauty of Forex? The market is open 24h / 24h five days a week. All you need is a computer or phone and an internet connection to join it. Now that you understand what Forex is about, it is essential to understand who participates in this “famous game”.
• Banks: They are the most prominent players. They make up 50% of all the transactions. Those are called interbank transactions, consisting of bank and financial institution transactions.
• Investment Funds: Investment funds are the second biggest bettors as they have large amounts of money available. They take care of collecting their customers’ savings and managing them intelligently.
• Companies: Companies play another fundamental role; think of a company that produces cars in one country, is based in another country and ultimately sells those cars in a third country. How many exchanges have been made?
- Central Banks: Central banks are also significant; think of the ECB or the Federal Reserve to imagine the magnitude of their business volumes.
- Small Traders and Investors: This category includes all of us who trade from their private studios or their simple homes. No matter how much money you have in your trading account, as you can imagine, our influence in the Forex market is not overly significant.
Trading Lessons:
Lesson 2: Trading Timetable
Lesson 2: Trading Timetable The Forex market is open 5 days a week 24 hours a day, but it is divided into 4 different sessions: • Sydney • Tokyo • London • New York Each session has a different opening and closing time. Attention: In summer and winter the...
Lesson 3: How to Invest in Trading
Lesson 3: How to Invest in Trading 85% of traders lose their money. How is it possible? There is nothing more important than investing in yourself. To become a professional trader, you must face many needs and fears. A winning strategy is necessary, notions of...
Lesson 4: Fundamental Notions
Lesson 4: Fundamental Notions The market can make three movements: Bull Market: if the trend rises, the currency gains value. Bear Market: if the trend falls, the currency loses value. Horizontal Trend (Kangaroo Market): the price moves continuously,...
Lesson 5: Types of Charts
Lesson 5: Type of Graphs Every day, we see stock market charts on the TV news. They are often "line" charts, but there are many other ways to read them. The most used are "lines", "candles", and "bars" charts. Let's find them out!Guess what? The graph with which...
Lesson 6: Type of Candles
Lesson 6: Type of Candles Each candle has its own story and, of course, its meaning. Recognizing the type of candle is very important as it indicates the intentions of the market. It does not matter to know the names of each type, but it is good to understand...
Lesson 7: Support and Resistance
Lesson 7: Support and Resistance Supports and resistances are levels where the price has a great chance to bounce. We will notice how the price will bounce several times on the same level before continuing its rise or fall. Supports: Levels at which the price is...
Lesson 8: TrendIines and Patterns
Lesson 8: Trendlines and Patterns In trading, there are not only supports and resistances, but other patterns must be considered very important. Price often forms channels in which the trend bounces. You must recognize them to be prepared to enter the market....
Lesson 9: Market Movement
Trading Course Introduction The market goes through three different moments, which is good to know. In both bearish and bullish momentum, the market will go through 3 various movements:• Distribution• Re-Distribution• Accumulation•...
Lesson 10: Types of Trend
Lesson 10: Types of Trend Let’s start with the definition of “Momentum”. Momentum refers to the general trend of the graph. As we have already studied, the market can be in a Bearish, Bullish or Kangaroo phase. Now, we need to look at how the trend moves in...
Lesson 11: Supply and Demand
Lesson 11: Supply and Demand As I mentioned at the beginning, I am a Scalper, and consequently, I am satisfied with a small slice of the trend, from 10 to 20 PIPS. Don't think that with 20 Pips, you can earn less than with 100; trading is based on percentages....
Lesson 12: Fibonacci Retracement
Trading Course Introduction Many of you may have heard about Fibonacci Retracement but don't know how to use it. Let's start with a basic definition: Fibonacci Retracement is a key technical analysis tool that uses percentages and horizontal lines drawn on price...
Lesson 13: Indicators
Lesson 13: Indicators Forget the indicators; most are useless, and they only dirty the graph. Remember that we work with clean charts; we follow the trend. Many Forex Gurus will advise you to use indicators on indicators, but in these chapters, you will find...
Lesson 14: Market Manipulation
Lesson 14 Market Manipulation Many of you have already heard of the Fake Out; the Fake Out can be considered a market manipulation that serves to deceive traders. It happens after a long series of ascending or descending markets; the price breaks the support or...
Lesson 15: Plan and Risk Management
Lesson 15: Plan and Risk Management Many people approach the world of trading fascinated by simple money, but trading is a whole other world; as you can already understand, it is 90% patience and 10% the correct analysis. Anyone who believes in easy money will...
Lesson 16: Simple Trading Strategy
Lesson 16: Simple Trading Strategy I begin by saying that this strategy worked for me initially, and it’s not sure it will work for all of you. Each one will improve over time, and you will understand the best strategy suitable for yourself.As you can see, we...
Lesson 17: Psychology
Lesson 17: Psychology I’m the greatest. I said that even before I knew that I was -Muhammad Ali Reread this chapter whenever you fail and think you can't do it. I'm sorry to tell you that you will keep losing and burning accounts without the proper psychology,...
Lesson 18: Suggestions
Lesson 18: Suggestions Brokers: ICMARKETS: It is by far the best. Remember to open an ECN / RAW account if you are a Scalper. This will have a commission instead of the spread. As a scalper, I am also happy with 7 Pips. Certainly, I don't want to earn to give...