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1.The Forex
Market |
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The foreign exchange market is the "place" where currencies
are traded. Currency exchanges are important to everyone all
over the world whether they realise it or not. Any produce
purchased and brought into the country whether it is...
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2.Currency Pairs |
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Each currency is paired against another,
we make money by predicting whether that currency will gain
or lose value against the one it’s paired with....>>>
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3.Brokers |
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In order for us to trade the forex market
we require to have a broker. A broker is an individual or
firm that acts as the middle man between buyer and seller
trading in the forex market. The foreign exchange market is
quite similar to the equity markets, except that....
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4.Leverage |
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Leverage is one of the reasons many
traders come into the forex market and the reason many
traders leave without any money left in their account, many
brokers including my own offer up to 200-1 leverage. With
leverage of 200-1 you have control of 200 times the money in
your account. If havel.....>>>
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5.Spreads |
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As you will have no doubt seen on adverts,
forex brokers offer a commission free trading solution.
However this does not mean you trade for free, instead they
give you a spread on the currency pair you wish to trade
which is the difference between the ask and the bid price.
The spread changes for each currency pair depending on how
volatile it is. For example...>>>
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6.Money Management |
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When I say to many traders "my average
risk per trade is about 80 pips" they go white with fear, "surely
that is too much risk" they say. Before we go any further I
want you to understand no matter if you have a 50 pip stop
or a 200 pip stop your risk should never change, you should
never risk more than 5% of your.....>>>
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7.Psychology-Mindset |
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The psychology of trading is as important
as the trading system itself. If you do not suffer from the
emotions of trading then you are either gifted or you have
never built your trading account into a large enough amount
of money. This subject is so large I couldn’t possibly get
everything in this section without filling hundreds of pages
and I don’t want to bore you, so I am only going to cover
the things I believe will.....>>>
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8.Trading Forex with 10 Minutes |
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Trading forex with only 10 minutes a day
is very easily achievable once you understand how to
implement the systems I am about to introduce to you.
There's a well known quote from Albert Einstein that....>>>
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9.Breakout System |
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I am going to introduce to yoa system
that uses price actiofor entries into the market witthe
trend. There is a secret totrading forex, well it's not reaa
secret because everyone knows of it but few use it, it’sthe
key to trading forex successfully. ...
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10.Support-Resistance |
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What is support?
Support is the price level at which demand is thought to be
strong enough to
prevent the price from declining
What is resistance?
Resistance is the price level at which selling is thought to
be strong enough to
prevent the price from rising....>>>
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