‭FOREX TRADING‬

‭FULL COURSE‬

‭HARD DOESN’T MEAN IMPOSSIBLE!‬

‭PREPARED BY: MIKE M. (MBA, MSC, PhD C.)‬

‭ETUBERS X YOUNG MILLIONAIRES ACADEMY‬

‭1‬
‭Module 1: Introduction to Forex‬
‭●‬ ‭Financial Market and Instruments‬
‭●‬ ‭Forex Market‬
‭●‬ ‭Supply / Demand‬

‭Module 2: Risk Management‬

‭●‬ ‭Investment Plan‬
‭●‬ ‭Peak Hours‬
‭●‬ ‭Leverage Usage‬
‭●‬ ‭Demo Trading‬

‭Module 3: Forex Market‬

‭●‬ ‭Market Time‬
‭●‬ ‭Market Sessions‬
‭●‬ ‭Market Volatility‬

‭Module 4: How Forex Trading Works‬

‭●‬ ‭Forex Operation‬
‭●‬ ‭Currency Pairs (types, betting)‬
‭●‬ ‭Buy (Go long) / Sell (Go Short)‬
‭●‬ ‭Quotes‬

‭Module 5: What do you need to Start Forex‬

‭●‬ ‭Devices‬
‭●‬ ‭Broker‬
‭●‬ ‭Platform‬
‭●‬ ‭Budget‬
‭●‬ ‭Plan‬

‭2‬
‭Module 6: Basic of Trading‬
‭●‬ ‭Pips‬
‭●‬ ‭Lots, Lot Size and Volume‬
‭●‬ ‭Bid and Ask Prices‬
‭●‬ ‭Spread‬
‭●‬ ‭Leverage‬

‭Module 7: Market Analysis‬

‭●‬ ‭Fundamental Analysis‬
‭●‬ ‭Technical Analysis‬

‭Module 8: Chart Reading‬

‭●‬ ‭Bullish / Upward / Long‬
‭●‬ ‭Bearish / Downward / Short‬
‭●‬ ‭Candle Sticks‬
‭●‬ ‭Indicators‬

‭Module 9: Strategies and Position Analysis‬

‭●‬ ‭Multi-Timeframe Analysis‬
‭●‬ ‭Limiting tools (Take Profit / Stop Loss)‬
‭●‬ ‭Support and Resistance‬
‭●‬ ‭Indicators (Market Volume / Moving Average / Relative Strength Index)‬
‭●‬ ‭Candle Patterns‬
‭●‬ ‭Chart Patterns‬
‭●‬ ‭Order Types and Positioning‬

‭Module 10: Let’s Start Trading‬

‭3‬
 ‭Module 1: Introduction to Forex‬
‭Forex Trading‬

‭-‬ ‭You don't own anything. You’re just betting. How?‬

‭-‬ ‭Currency Pair betting (Example - Normal Trade (gold example)‬

‭and The Forex Trade EUR/USD -‬‭Show on trading view‬‭)‬‭leza new‬

‭meshetm yelelew‬

‭-‬ ‭Forex is just one part of Financial Market‬

‭Financial Market and Instruments (Stock, crypto, future, indices, commodity… )‬

‭Forex Market - the largest market in the world.‬

‭-‬ ‭Actors ( central banks, commercial banks, hedge funds, and traders)‬

‭-‬ ‭Factors‬

‭-‬ ‭Supply / Demand‬

‭4‬
 ‭Module 2: Risk Management‬
‭Risk Management Tips‬

‭(emotionality and compare with other businesses how easy is it to spend /‬

‭Betting metaregu sewoch you know it)‬

‭* invest less than 2% of What you are planning to Trade with‬

‭* trade on the pick hour when trades go high‬

‭* Don’t use leverage greater than 5x as a beginner‬

‭* Use demo trading at least for 6 months, till u get clear plans‬

‭5‬
 ‭Module 3: Forex Market‬
‭Forex Market‬

‭-‬ ‭Opening Time (24 hours /5 days)‬

‭-‬ ‭Sessions (Australia/Japan/UK/NY) Sunday 5 PM‬‭**‬

‭-‬ ‭Best times to trade (Volatilty, Spread down, Supply/Demand Balance)‬

‭Show on tv‬

‭-‬ ‭When Not to Trade (Friday, Weekend, Holiday, Opening/Closing of‬

‭Market)‬

‭-‬ ‭Best Dates for Trading (Tuesday, Wednesday)‬

‭6‬
 ‭Module 4: How Forex Trading Works‬

‭How Forex Trading Works‬

‭-‬ ‭Market - Platform - Broker - Trader‬

‭-‬ ‭Currency Pairs (types, betting)‬‭**‬

‭-‬ ‭Buy (Go long) / Sell (Go Short)‬

‭-‬ ‭Quotes‬ ‭**‬

‭EUR/USD‬

‭7‬
 ‭Module 5: What do you need to Start Forex‬
‭What do you need to Start Forex‬

‭-‬ ‭Phone / Laptop and Good Connection (Normal Smartphone)‬

‭-‬ ‭Capital (Minimum $200 )‬

‭-‬ ‭Broker (Pepperstone / IC Markets / Exenes)‬

‭https://one.exness-track.com/a/wyutf6948x‬

‭-‬ ‭Platform (MetaTrader 4)‬

‭-‬ ‭View (Tradingview Account / Apps)‬

‭-‬ ‭TimeFrame in charts‬

‭-‬ ‭Strategy ( Plan, Sessions, budget, Risk management)‬

‭8‬
 ‭Module 6: Basic of Trading‬
‭Pip -‬ ‭**‬

‭1.086‬‭4‬‭0‬

‭4th decimal . 1 pip = 1/10,000‬

‭4 pip = 4/10,000 = 0.0004‬

‭Lot / Volume‬

‭Standard Lot Size‬

‭1 lot :‬ ‭100,000 units (USD / GBP / JPY)‬

‭So:‬

‭0.1 lot :‬ ‭10,000 units‬

‭0.01 lot :‬ ‭1,000 units‬

‭0.001 lot :‬ ‭100 units‬

‭Our profit/loss really depends on Pip and Lot size.‬

‭Example:‬

‭1 Lot Trade, pip change 15, Profit in Dollars‬

‭9‬
‭1 lot = 100,000 $‬

‭15 pip change = 0.0015‬

‭100,000 x 0.0015 = $150‬

‭ANOTHER EXAMPLE‬

‭0.1 lot‬ ‭15 pip change $15‬

‭2 lot‬ ‭15 pip change $300‬

‭3 lot‬ ‭15 pip change $450‬

‭10 lot‬ ‭15 pip change $1500‬

‭BID/ASK‬

‭Bid - Selling Price‬

‭Ask - Buying Price‬

‭Spread‬

‭Leverage - broker’s loan‬‭**‬

‭1:1‬

‭2:1‬

‭10‬
‭5:1‬

‭50:1‬

‭Example: if you have $200 and traded with 50:1 leverage. Position $10,000.‬

‭$200 x 15 pips = $200 x 0.0015 = $0.3‬

‭$10,000 x 15 pips = $10,000 x 0.0015 = $15‬

‭11‬
 ‭Module 7: Market Analysis‬
‭Analysis‬

‭-‬ ‭Fundamental Analysis‬

‭-‬ ‭Technical Analysis‬

‭12‬
 ‭Module 8: Chart Reading‬
‭Chart Reading‬

‭-‬ ‭Bullish / Upward / Long vs Bearish / Downward / Short‬

‭Chart shows the price movement. It shows if the market is bullish or Bearish.‬

‭The chart can be visually represented by Candlesticks / Lines.‬

‭-‬ ‭Candle Sticks:‬‭shows opening and closing mkt for a‬‭timeframe.‬

‭-‬ ‭Body of candle : height of the pip change in the time frame‬

‭-‬ ‭Wickes of candle : shows highest and lowest bid/ask in the time frame‬

‭-‬ ‭Indicators‬

‭13‬
 ‭Module 9: Strategies and Position Analysis‬
‭Major Strategies and Analysis‬

‭-‬ ‭Multi-Timeframe Analysis‬

‭-‬ ‭Stop Loss / Take Profit (exness) Limiting tools‬

‭Stop Loss - used to put a limit on potential losses from the trade.‬

‭Take Profit - close a position once the market reaches a specified profit level.‬

‭-‬ ‭Reward‬‭(TP)‬‭and Risk‬‭(SL)‬‭Ratio (3:1) maximum (5:1)‬

‭-‬ ‭Support / Resistance‬

‭Resistance - Selling Pressure‬

‭Support - Buying Pressure‬

‭14‬
‭15‬
‭16‬
‭HOW TO FIND PERFECT S/R LINE?‬

‭* Find area not Line‬

‭* Use Bigger Time Frame‬

‭17‬
 ‭* Find 3 Points‬

‭* Find the Flip point‬

‭18‬
‭INDICATORS (Market Volume / MA / Relative Strength Index)‬

‭MARKET VOLUME : Times of trade.‬

‭19‬
‭Market Volume confirms Chart Patterns‬

‭20‬
‭21‬
‭22‬
‭Moving Average‬

‭smooth out price fluctuations between typical market “noise” and the‬

‭actual trend direction.‬

‭23‬
‭24‬
‭Relative Strength Index:‬‭change of price movements. The RSI oscillates‬

‭between 0 and 100. Traditionally the RSI is considered overbought when above‬

‭70 and oversold when below 30.‬

‭25‬
‭Candle Patterns‬

‭26‬
‭Chart Patterns‬

‭3 Continuation Types‬ ‭3 Reversal Types‬

‭27‬
‭TAKE PROFITS AS HIGH AS THE TREND‬

‭28‬
‭Anyway Charts (Unpredictable)‬

‭Before We Start Trading…‬

‭Order Types: Order is buy/sell.‬

‭1. Instant‬

‭2. Pending / Scheduled‬

‭29‬
 ‭Module 10: Let’s Start Trading‬

‭Trading Steps‬

‭1.‬ ‭Choose currency pair, plan, strategies, and time frame)‬

‭2.‬ ‭Analyze the market with different timeframe‬

‭3.‬ ‭Get Support and Resistance‬

‭4.‬ ‭Analyze the trend (Chart Pattern and Candle sticks)‬

‭5.‬ ‭Before you open position, check the indicators‬

‭6.‬ ‭Order (Buy/Sell, SL and TP)‬

‭30‬