The Forex Linguistics Dictionary >>>>>>>>>>>> Beginner's Guide to Forex Trading.

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The forex linguistics dictionary is

designed to help you acquire the skills,
knowledge, and abilities to become a successful
trader in the foreign exchange market.

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Table of Content
Page 2 Forex Basic

Page 5 What is HFX

Page 6 Pay_ out

Page 10 Roll_ over

Page 11 Double_up

Page 12 Types of Chart

Page 13 Types of Trading Strategies

Page 14 Candle Stick

Page 19 Support and Resistance

Page 20 Bollinger Bands

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Page 22 Stochastic

Page 23 Rsi

Page 24 Moving Average

Page 27 Market Structure

Page 35 Market Hours

Page 37 Money Management / Compounding

Page 40 Choosing a Brokerage

Page 41 Placing Orders

Page 42 Copy Trading

BONUS >>>>>>>>>>>>

Page 45 My Personal 6 Point Trade Setup

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FOREX BASIC

What does the acronym forex mean ?

foreign exchange.It is also abbreviated as fx market.

What is forex ?

In simple terms ,it is the exchange of one currency for another or the buying of a currency and selling another currency simultaneously.

What is traded in the foreign exchange market ?

The simple answer is money.

How do you trade in the foreign exchange market?

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Through a brokerage, a broker or brokerage serves as a middle man between traders and interbank.
Examples of a brokerage are>>>iq cent.com ,race option, binary cent,pocket option,octa fx.

What do you need to get started ?

All you need to get started is a computer, laptop,ipad, or phone,high-speed Internet connection, and the information contained within this site.

What currencies are traded ?

The most popular currencies traded in the foreign exchange market are listed below >>>>>>>>>

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Symbol Country Currency Nickname
USD United States Dollar Buck

EUR Euro Members Euro Fiber

JPY Japan Yen Yen

GBP Great Britain Pound Cable

CHF Switzerland Franc Swissy

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Symbol Country Currency Nickname
CAD Canada Dollar Loonie

AUD Australia Dollar Aussie

NZD New Zealand Dollar Kiwi

Forex currency symbols are always three letters, where the first two letters identify the name of the country and the third letter identifies the name of that
country’s currency.
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What is HFX ?

The term (HFX) stands for high frequency forex aka money in minutes 💰.In this book, our area of concentration would be on high frequency forex. Trading
(HFX) is less time consuming, also entering and exiting a trade in literally minutes , like in 1 _ 5 minutes time frame. High frequency forex is more convenient
for 9 _ 5 workers, student or stay at home mom . Instead of the traditional way of holding longer trades for a long period of time , high frequency forex trading
has become the easiest form of trading.

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PAYOUT
Note: second letter to identify
B {u}llish are the b{u}yers
● When the market is low, you buy the market.
● You click on the call button (green) to buy the market.
● When the market goes back up,you are in profit.
● In order to be in profit, price must be above your entry point.
● For example,if you buy the market at 1.20385, price needs to stay above 1.20386 in order to be in profit.
● From the bottom to the top is a call, which is to buy the market.see image below>>>
●

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Note: second letter to identify
B{e}arish are the s{e}llers.
●When the market is high,you sell the market.
● You click on the put button (red)to sell the market.
● When the market drops down, you are in profit.
● In order to be in profit, price must stay below the entry point.
● For example,if you sell the market at 7.02855, price needs to stay below 7.02854 in order to be in profit.
● From the top to the bottom is a put, which is to sell the market.see image below >>>

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 Green box indicates win trade .See example below>>>

Red box indicates lost trade.See example below>>>

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How to monitor your trading activities.Go to the bottom of your brokerage to see price movement, or in between the call or put button .see image below>>>

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ROLL OVER

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The rollover button pops_up at the bottom part of your brokerage when your trade is not going into the direction it ought to be .
Roll_over button, when clicked, gives you extra time to win your trade.
30% would be added to your initial deposit automatically once the roll_over button is used.see example below of what roll_over button looks like>>>

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DOUBLE UP
Double up button is used when you're certain of winning a particular trade,you decide to go into that particular trade at a lower point by just clicking on the
double up button below .see an example below>>>

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TYPES OF CHART
Line chart

Bar chart

Candle Stick

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TYPES OF TRADING STRATEGIES
● Fundamental analysis : is examining each country economy,to determine the currency pair. Examples of fundamental analysis tools are >>>currency
strength meter,
http://www.livecharts.co.uk/currency-strength.php
forex factory
https://www.forexfactory.com/index.php

● Technical analysis : is the process whereby traders study price movement on a chart.Tools used in technical analysis are >>>trading view,
https://www.tradingview.com/chart/
brokerage chart
https://www.iqcent.com/rf/af3b136c60d30ffe

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CANDLE STICK
In this book, our main focus would be on candleStick chart >>>

What is a candleStick ?
Candlestick patterns are a form of charting analysis used by forex traders to identify potential trading opportunities.

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Using the candleStick chart, long bodies indicate intense buying or selling pressure see example below>>>

Short bodies indicates very little selling or buying activities.see example below >>>>

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Basic candle Stick pattern

1.Spinning tops: are candles with a long upper shadow, long lower shadows ,with small real bodies.see example below>>>

This pattern indicates the indecision between the buyers and the sellers .

If a spinning top occurs during an up trend or down trend, it means there could be a possible reversal,due to the fact that there are few buyers or sellers.

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2.Marubozu:are candles that have no shadow's from the body .see example below >>>

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3.Doji candle:are extremely short and their bodies are like vertical lines.see example below>>>

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Types of doji candles
There are five types of doji candles which are :
1.Long legged doji

2.Dragonfly doji

3.Gravestone doji

4.Four price doji

5.Doji star

See examples of the doji candles below>>>

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Hammer candlestick : has a small real body, a long lower shadow, and little or no upper shadow.

Hammer is a bullish reversal pattern that forms during a down trend.

It's called hammer, because the market is hammering at the bottom.

Hanging man candlestick: has exactly the same features as a hammer candlestick.

Hanging man is a bearish reversal pattern,formed during an up-trend .

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SUPPORT AND RESISTANT
Support occurs when falling prices stop, change direction, and begin to rise.
Support is often viewed as a “floor” which is supporting, or holding up, prices.
Resistance is a price level where rising prices stop, change direction, and begin to fall.
Resistance is often viewed as a “ceiling” keeping prices from rising higher.
See example below >>>

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BOLLINGER BANDS

Bollinger bands are a popular form of technical price indicator, used to measure market volatility.see example below >>>

One thing you should take note of is that price tends to go back to the middle of the band.
This type of bollinger band is called classic.

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Bolinger squeeze :when the bands squeeze together,it usually means a breakout is going to occur .See example below >>>

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If the candle starts to break out above the top band, Price continues to go up.see the example above ^^^
Also if a candle starts to break out below the lower band, price would continue to go down.see image below >>>

Note :bollinger band is best used on a 15 minute chart.

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STOCHASTIC
The Stochastic technical indicator tells us when the market is overbought or oversold.

When the stochastics are above 80 (the red dotted line in the chart above), then it means the market is overbought.

When the Stochastic lines are below 20 (the blue dotted line), then it means that the market is possibly oversold.

How to use stochastic indicator

When the market is overbought,you sell the market.

When the market is oversold,you buy the market.

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 RSI

The relative strength index (RSI) is most commonly used to indicate temporarily overbought or oversold conditions in a market.

When the (RSI)is above 70 (the red dotted line in the chart above),it means the market is overbought.
When (RSI) is below 30,(the blue dotted line),it means the market is oversold.

How to use (RSI) indicator

When the market is overbought, you sell the market.

When the market is oversold, you buy the market.

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MOVING AVERAGE
The moving average is an indicator used to represent the average closing price of the market over a specified period of time.

Moving average indicator,helps us to forecast future prices by looking at the slope of moving averages.

See an example below of what the moving average looks like >>>

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Types of moving average

1.Simple moving average : A simple moving average (SMA) calculates the average of a selected range of prices, usually closing prices, by the number of periods
in that range.see example below>>>

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2. Exponential moving average : Exponential moving averages (EMA) give more weight to the most recent periods.see example below >>>

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MARKET STRUCTURE

Market structure is simply support and resistance on your charts, swing highs, and low.

These are the levels on your chart that attract the most attention. Because traders all over the world can see them! And this is where they base all of their trading
positions.

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Types of market structure
1.Trending market :is one in which price is generally moving in one direction.

A trending market is one that is making higher highs followed by higher lows which is an uptrend market .see example below >>>

lower lows followed by lower highs which is a downtrend market.see example below >>>

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How to trade on a trending market

The Trending market is characterized by two important moves, which is the impulsive move and the retracement or corrective move.see example below>>>

In order to determine a trending market,you would have to use bigger time frames,such as the 4H, daily or weekly time frame.

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In an uptrend, trending market, using the impulsive and retracement strategy, professional traders go into the market at a impulsive move, which is the lowest
point, in order to retrace back up to be in profit.see example below>>>

In a downtrend, trending market, using the impulsive and retracement strategy, professional traders go into the market at a impulsive move, which is the highest
point,in order to retract back down to be in profit.see example below >>>

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How to draw trend lines
To draw a trend line, you would need to find at least two minimum swing points,and simply connect them with each other.see an example below>>>

Note: always use a 4H, daily or weekly time frame to draw a trend line.

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2.Ranging market:are naturally called the sideways market.

When a market stops doing higher highs and higher lows, that means it is no longer a trending market.

A ranging market is a type of market whereby prices move back and forth between support and resistance levels.see example below>>>

In a ranging market,buyers and sellers are equal.

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How to trade a ranging market

Trading in a ranging market,is by applying a support and resistance level pattern .

Buy the market at key support or sell the market at the key resistance level.

The best entry point for a ranging market is, after a pullback and the break out of a support or resistance level. See examples below >>>

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3.Choppy market :is a market without any clear direction.

A choppy market is often associated with rectangle chart patterns and volatile periods where a trend is not present (or the trend is difficult to trade).see example
below >>>

It can also be seen as a sideways market.

From my personal point of view,it is advisable not to trade in a choppy market, because it's extremely risky.

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MARKET HOURS
The forex is fully electronic and open somewhere in the world between 5 p.m. Sunday and 5 p.m. Friday Eastern Standard Time
(EST). Each exchange has unique trading hours from Monday through Friday. From the average trader's perspective, the four most
important time windows (all EST)

The U.S./London markets overlap (8 a.m. to noon EST) has the heaviest volume of trading and is best for trading opportunities.

The Sydney/Tokyo markets overlap (2 a.m. to 4 a.m.) is not as volatile as the U.S./London overlap, but it still offers opportunities

New York (open 8 a.m. to 5 p.m.) is the second-largest forex platform in the world.

Tokyo, Japan (open 7 p.m. to 4 a.m.) is the first Asian trading center to open, takes in the largest bulk of Asian trading, just ahead of
Hong Kong and Singapore.

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Sydney, Australia (open 5 p.m. to 2 a.m.) is where the trading day officially begins.

London, Great Britain (open 3 a.m. to noon): The United Kingdom (U.K.) dominates the currency markets worldwide.

Note : The foreign exchange market, is 100% fully electronic and open somewhere in the world between 5 p.m. Sunday and 5 p.m.
Friday Eastern Standard Time (EST). Each exchange has unique trading hours from Monday through Friday.

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MONEY MANAGEMENT
Forex money management are set of rules that forex traders uses to manage the money in their forex trading account.

These rules includes :

1.A trader should risk only a small percentage of their account on any one trade.

It is more realistic as a beginner trader , using 1% or ‘2% of your trading account on every trade is advisable.

2.Set a maximum account drawdown across all trades.

A drawdown is the difference in account value from the highest the account has been over a certain period and the account value
after some losing trades.see example below >>>

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3.Assign a risk: reward ratio to every trade.

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One rule taught in trading, is that a trader should aim at winning more trades,than loosing.

4.Only trade with funds you can afford to loose.

successful trading is only possible when the trader can make unemotional decisions about what do with a trading opportunity.

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Compounding
What is compounding in forex? This is a forex investment strategy aiming at rapidly increasing the deposit, multiple increase in the
account balance.

How do you compound your trading investment?you can do that through the compound daily interest calculator>>>
https://compounddaily.org/calculator/

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CHOOSING A BROKERAGE
A forex brokerage or broker is a financial services company that provides traders access to a platform for buying and selling foreign
currencies.

Personally I use iq cent as my brokerage

https://www.iqcent.com/rf/af3b136c60d30ffe
Other recommended brokerage are : binary cent, pocket option,race option,mt4,octa fx.
Iq cent, binary cent are know for minimum deposit for as low as $20.

Also as a beginner trader,you would want to practice on a demo account for at least 3 months constantly profiting before you trade
on a real account.

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A demo account is a demonstration brokerage account with fake money to practice with.

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PLACING ORDERS
How to place market order on iq cent.
Go to the left corner of your broker page, click on any of the currency pair.

Go to the right corner of your broker page, option type, leave it on turbo,time you could go for a minute to 5 minutes timeframe
because this is HFX,fixed time off, amount depending on what you want to invest, lastly call button to buy the market, put button to
sell the market.

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COPY TRADING
Copy trading enables individuals in the financial markets to automatically copy positions opened and managed by other selected
individuals.

Copy trading is a great option for inexperienced and new traders. You get the chance to start with taking things slowly and learn how
to trade correctly.

This means that if you are new to Forex trading, you can learn and earn at the same time.

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Iq cent, binary cent,octa fx are great platforms that offer copy trading.

Also the greatest platform of all time that offers a real time copy trading system, is IM ACADEMY.

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IM ACADEMY is an online platform that offers the best of the best educators,who are not just multi_millionaire traders,but also
experts in the game.

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Matter of fact, I learned how to trade the foreign exchange market from this platform and it has been an amazing journey so far,it
made my forex journey less tedious.

To know more about IM ACADEMY, on how it works, and interested in joining, click the link below>>>

https://bit.ly/HFXTrading4beginners
or you could send "READY" to imacademymillionaires@gmail.com

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BONUS>>>

MY PERSONAL 6 POINT TRADE SETUP

1.Currency strength meter
2.Spinning tops
3.Hammer and hanging man
4.Resistance and support
5.Bollinger bands
6.Stochastic and rsi

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Over time you will develop these strategies, because you will determine what works best for you and what doesn't. Keep
practicing and learning from your mistake,till you become an expert in what you do.
Good luck

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