DISCLAIMER

This e-book is intended for educational purposes only and should not be
construed as financial advice. Forex trading carries a high level of risk and
may not be suitable for all investors. The information provided in this e-book
is based on sources believed to be reliable and reviewed by multiple
professional mentors, but no representation or warranty, expressed or
implied, is made regarding accuracy, adequacy, completeness, legality,
reliability, or usefulness of any information. Readers are advised to
independently verify any information contained herein before making any
trading decisions. You should be aware of all the risks associated with
foreign exchange trading, and seek advice from an independent financial
advisor if you have any doubts.
 TABLE OF CONTENT

 INTRODUCTION
 REQUIREMENTS NEEDED TO START FOREX TRADING
 KEY TERMS
 WAYS TO PREDICT THE MARKET
 PRICE ACTION
 CANDLESTICK FORMATION
 MARKET STRUCTURE
 HOW TO MAKE MONEY TRADING FOREX
 CONCLUSION
  INTRODUCTION
This book consists of two volumes, volume one consisting of Introduction
to Forex Trading and volume two consisting all the rule-based trading
strategies plus the tools used by each strategy to execute A+ trades with
win rates of above 90%. However, we recommend a full study of both
volumes as our trading method and approach might be different from what
is circulating out in the industry. Do well to take notes and study each topic
independently

What is Forex Trading?

•Forex (FX) stands for Foreign Exchange, which basically means exchanging
one currency for another. Forex traders exchange in average $7 trillion daily.

 REQUIREMETS NEEDED TO START FOREX TRADING

1. A device to trade on; Examples are phones, Laptops, iPads and any
electronic device that can access the internet.

2. Trading platforms; These are apps or websites that help you trade for
examples, META TRADER 4, META TRADER 5, TRADING-VIEW, C-
TRADER etc. These platforms contain everything you need to analyze
the forex market to make decisions to trade, and you can download
them in both apple store and google play store.

3. Broker/Brokerage; Think of a broker like a middleman or a bridge

between you and the forex market. They help you access the forex
 market with ease and provide all sorts of assistance you might need.
For examples, Equiti Groups, Exness, Olanda, Just Markets etc.
Remember there are good brokers and bad ones, make sure you get
the best broker that aligns with your goals, always ask your mentor for
recommendations. If your interested to join the broker that our
community uses, message us and we help you register to the best
broker.

4. Capital to invest in the market; True every business needs capital, so

does forex trading, good news is you don't need a lot to start forex,
there are amazing brokers that allow you to start with as low as $ 1
dollar.

5. Knowledge to trade forex; This is by far the most important

requirement, yes you need the knowledge first in order for you not to
get hurt. Forex is a very simple skill to learn if you focus and remain
persistent, well that's why Zaabu FX is here.

 KEY TERMS

Currency Pair: Forex trading involves buying one currency and

selling another simultaneously. Currencies are always traded in
pairs like EUR/USD. EUR - Base currency. USD-Quote currency

Long and Short Positions: Long means buying (Bullish) a

currency pair, while Short means selling (Bearish) a pair.
LONG=BUY. SHORT=SELL
Pip: (Percentage in point) The smallest price movement in a
currency pair. So, if you're trading EUR/USD and the exchange rate
moves from 1.2000 to 1.2010, that's a 10-pip movement. It means
the value of the euro relative to the US dollar increased by 10 pip.
Helps you measure profits and losses. Don’t worry about how
your going to measure it, more advanced tools have been made in
literally all trading platforms to do the measuring for you.

Lot Size: In simple words risk size, how much your risking per pip.

Standard Lot size: 1.00 = $10 per pip

Mini Lot size: 0.10 = $1 per pip

Micro Lot Size: 0.01 = 10 cent per pip

NB; The secret here is to get you lot size, [0.10] and transfer the
decimal point to the right, and it will look like [1.00] then that’s
how much in dollars per pip.

Market order; A direct execution order to buy or sell at current

price. There are other types such as limit orders and stop orders,
we shall talk more about this in the next chapter.

Take profit; A price you decide to exit with profits.

Stop Loss: A price you decide to exit with a loss.

NB:

To make money in forex trading, you aim to buy and sell that’s all.
You analyze the market, looking at factors like economic
indicators, geopolitical events, and technical analysis to predict
currency movements. When your prediction is right, you profit
from the price difference.

 WAYS TO PREDICT THE MARKET

The main Two ways to analyze the market

Fundamental Analysis, this is basically the use of economic

reports, Fed decisions, and geopolitical events affect the a given
Currency pair

Technically Analysis, this is the use of past price data to predict

the future price movement, this technique is derived from the
famous quote “History repeats itself” In simple terms technical
analysis=charts.

 PRICE ACTION
Price action is basically how Price moves, it involves the use of
tools like chart patterns, candlestick patterns, trendlines, support
& resistance and many more.

 CANDLESTICK FORMATION
Candlesticks are formed using the open, high, low and close of
the chosen time frame.

 When the close is above the open, the candlestick is bullish

which means that the market is going up in this period of
time. The color doesn’t matter, you can use whatever color
you want. The most important thing is the open price and the
close price.

 When the close is below the open, the candlestick is bearish

 which means that the market is falling in this period of time.

Candlesticks have different body sizes,

-The filled part of the candlestick is called the real body.

-The thin lines poking above and below the body are called
shadows.

-The top of the upper shadow is the high -The bottom of the
lower shadow is the low.

 THE MARKET STRUCTURE

One of the most important skill that you need as a trader is the
ability to read the market structure, it is a critical skill that will
help you to use the right price action strategies in the right
market condition.

If you can master this skill, when you open your chart, you will
be able to answer these important questions:

What the crowds are doing? Who is in control of the market

buyers or sellers? What is the right time and place to enter or to
exit the market and when you need to stay away? Through your
price action analysis, you will experience three types of
markets, trending markets and ranging markets.

Trending market; Trending markets are simply characterized

by a repeating pattern of higher highs and higher low in an up-
trending market, and lower high and lower low in a down
trending market.

Examples

DOWNTREND

With a downtrend market, prices will be making decreasing

lower highs (LH) and lower lows (LL).

UPTREND

With an uptrend market, prices will be making increasing higher

highs (HH) and higher lows (HL).
 RANGING

•With a Ranging market, price moves sideways, between

support and resistance levels.

Trending markets are characterized by two important moves,

the first move is called, the impulsive move, and the second
one is called the retracement move.

An impulsive move is the aggressive move towards the current

market trend.

A retracement is the pullback against the current market trend,

most of the times the market retraces to fill in market orders to
continues the market trend.

See the example below is of a Downtrend market.

 BREAK OF STRUCTURE (BOS)

When the market is trending in a specific direction, you should

understand that the market keeps forming a new structure and
breaking the old one, the term given to that broken level is
Break of Structure (BOS).
 CHANGE OF CHARACTER (ChoCh)

This is when the market structure shifts its direction from one
trend to another.

In the example below, we see that the market was trending

upwards forming HHs, and HLs, and immediately the market
broke the most resent HL, it shifted its structure into a
downtrend creating new LLs and LHs.

The level that was broken to cause the shift of structure is

called Change of Character (ChoCh)

 HOW TO MAKE MONEY TRADING FOREX

Making the money is easy, all you need to do is buy or sell. I
know your now wondering if it's really that easy? Well yes.
Understand that in order to archive the success you need in
this market, you need to aquire a set of skills like the
professional traders. Most importantly you need to identify an
edge (trading method). An edge is simply a higher probability of
something happening over another.
 Secret of the professional trader.

The act of trading is executing trades. It is naive to think that

you will become profitable in the market without an edge. What
the professional traders have adopted to and learned is to
develop a plan based on an edge (a probability of something
happening over another) and to trade that edge without fear,
this is a primary skill you will need to aquire in order to become
a consistent profitable trader.

So, what should you do?

 Get an Edge, (Basically an edge is a trading method that is

proven to be profitable with time. For the case of Zaabu FX,
we use an advanced and simplified version of SMC - smart
money concept). An edge can only be determined after a
number of back testing made to verify the validity of that
edge. One mistake most traders do is determine an edge
after the outcome of one or two trades. That’s where the
concept of getting a good mentor kicks in. imagine trying to
become a doctor or an engineer without a teacher or an
expert to guide you through the way, impossible right?

 Draft a plan on how to utilize the Edge, (In this stage, one
has to set out objectives on how they will profit from the
edge. In simple terms one has to understand how the edge
works, when it is valid and when it is not valid. A trading plan
that has well drafted rules on risk parameters {where to put
Stop Loss – SL in case your wrong}, Money management
{how much to risk in each trade} and profit objectives {where
 to take your profits- TP in case you right}.)

 Adopt a robot psychology, (By that I mean think like a robot

without emotions such as fear. One of the biggest threat to
the psychology of traders is “internal conflict” as some may
call it “battling your demons”. This skill will train your mind to
execute the edge without making errors,) for you to execute
that edge without creating errors, you need to learn to trade
from a care-free state of mind, meaning you’re going to have
to aspire to a point of trading without fear, and to trade
without fear you’re going to have to learn to think in
probabilities. No one should ever deceive you that they know
what the market is going to do, it’s all in probabilities. The
best chances you’ve got is to have an edge with a higher win
rate, meaning the chances of the market going in a certain
direction after printing out some confirmations is high. At
Zaabu Fx we equip our students with a number of strategies
with win rates up to 90% suitable for all types of traders
[scalper, intraday, swing and positional traders]

Wisdom

To produce a consistent income, a trader should be able to

execute their trades without making any errors or mistakes, in
other words trading without hesitation, reservations or internal
conflict, basically all the errors we are receptible to are as a
result of a lack of confidence or more specifically trading with
 fear. What most people don't realize is that trading without fear
is actually a learned trading skill, a skill that has to be cultivated
and is the primary difference that separates the professional
and the typical trader.

 CONCLUSION
Am glad you have read this book, after all forex trading isn’t
that hard I guess. It’s amazing knowing that you can change
your financial status at any given point in your life. “The best
investment you can ever do is getting a good mentor,” said my
mentor when I first joined his community. And I pass the same
advice to you today, there’s nothing worse than ignorance. If
you struggling with forex trading, we are here for you. well see
you in the next Book (Volume 2) where your dreams become a
reality.

What to expect in Volume 2.

1. An Edge.

2. Several rules-based strategies with 90% + win rates based

on the edge.

3. Psychology bangers to help straighten your mind to the pro

level.

Never Give Up, your time is coming, be patient.

For more information on Volume 2 send an email to

zaabufx@gmail.com OR visit our WEBSITE