BUY/SELL Take EUR/USD as example

- BUY : We buy EUR using USD

- SELL : We buy USD using EUR
Trading Platforms

• MetaTrader 4 (Most preffered, Simplified)

• MetaTrader 5 (Upgraded version of MT4)
• Broker Website (Available to be used in broker’s
website)
•

•
•

•
• BUY/SELL – TO PLACE POSITION
•
STOPLOSS – AUTO CUTLOSS
•
TAKE PROFIT – AUTO TAKE PROFIT
• BUY/SELL LIMIT – AUTO ENTRY
•
BUY/SELL STOP – AUTO ENTRY

• *Suitable to be used when we do not have much time to

monitor the chart movement
BROKER TERMS
LEVERAGE

• Support given by the broker to traders to trade

• Example : 1:500 leverage means that for every $1 you
have, it is like you have $500 to trade
• Bigger leverage, higher risk, higher reward
SPREAD

• Price difference between seller and buyer

• Red line above price level in MT4
• This is how broker makes money
• Varies according to market condition ; High liquidity,
low spread . Low liquidity, high spread.
LIQUILIDITY
PROVIDER (LP)

• Trader -> Broker -> LP (JP Morgan, Goldman Sachs)

• Trader -> Broker

• When Banks is on holiday, market liquidity will be low.

That’s why market movement is slow during holidays
TIMEFRAME
• M1 – Candlestick complete in 1 Min
• M5 – Candlestick complete in 5 Mins
LOWER TF
• M15 – Candlestick complete in 15 Mins
• M30 – Candlestick complete in 30 Mins SCALPER
• H1 – Candlestick complete in 1 Hour
• H4 – Candlestick complete in 4 Hours MEDIUM TF INTRADAY
• D1 – Candlestick complete in 1 Day
• W1 – Candlestick complete in 1 Week BIGGER TF
SWINGER
• MN – Candlestick complete in 1 Month
TYPES OF Scalper – Traders that only trades only on lower

TRADERS TimeFrame.
- Will exit the trade in a few minutes or
hour
- Target only 15-25 pips

Intraday – Traders that hold their trades for a few

days
- Target around 100-200 pips

Swinger – Traders that hold their trades for weeks /

months
- Target up to 500 pips
SUPPORT AND Support
• Support is where the price bounces up
RESISTANCE • Imagine price is a ball where it bounces up from the
floor 📈

Resistance
• Resistance is where price bounce down of it
• Imagine price as a ball where it bounce down from
the ceiling/roof 📉
Resistance / Roof

Support / Floor
TRENDLINE

• Act as a dynamic support and resistance

• Can determine if the market is on an uptrend /
downtrend
• 2 or more touch to validate
• Can also be used to determine reversal
UPTREND
DOWNTREND
WE ARE DONE
WITH THE
BASICS!
• Understand the basics thoroughly
• More to come in the next e-book