Welcome everyone to my Blog
FOREX IS ONE OF THE LARGEST FINANCIAL MARKET IN THE WORLD
FOR THIS INITIAL PHASE, U WOULD BE NEEDING YOUR PEN, EXERCISE BOOK / JOTTER AND YOUR SMART PHONE WHERE YOU DOWNLOADED ALL THE APPS.
Trade the Largest market in the world (Which is the Forex market)
It's going to be very detailed and Intensive, as I would be covering various aspects of FOREX... so that at the end of this blog, everyone will have a little more idea on forex trading.
So this are the outline:
Stage 1
❇INTRODUCTION
❇WHAT IS FOREX
❇WHAT IS TRADED ON FOREX
❇WHO IS A FOREX BROOKER
❇TRADING TIMES & TRADING SESSIONS
❇TERMINOLOGIES USED IN FOREX.
❇FORMS OF TRADING
❇CURRENCY PAIRS.
❇MT4 INTERFACE PART 1
STAGE 2
❇WHAT IS A PIP
❇CONCEPT OF BID AND ASK PRICE
❇WHAT IS A SPREAD
❇FORMS OF TRADING ORDERS
❇CONCEPT OF TAKE PROFIT AND STOP LOSS
❇LEVERAGE
❇LOT SIZE
❇RISK MGT
❇COMMON MISTAKES BY TRADERS
❇TRADING PLAN
❇MT4 INTERFACE PART 2
STAGE 3
❇HOW TO KNOW WHEN TO ACTUALLY BUY OR SELL
❇HOW TO GENERATE SIGNALS FOR YOUR SELVES.
❇INDICATORS...Moving Averages, Stochastic, MACD, Bollinger bands, RSI, ADX, Parabolic SAR, ATR, Ichimoku.... etc
❇TIME FRAMES ANALYSIS
❇SUPPORT & RESISTANCE LEVEL
❇CANDLE STICK ANALYSIS
❇FIBONNACCI LEVELS
❇PIVOT POINTS
❇ELLIOT WAVES & FRACTALS
❇CHART PATTERNS
STAGE 4
❇PUTTING IT ALL TOGETHER
❇FOREX TRADING STRATEGIES
❇MENTORSHIP
❇LIVE TRADING
❇FOLLOW UP
INTRODUCTION AND WHAT IS FOREX
Forex is just a Short form for FOREIGN EXCHANGE
Forex is one of the Largest market in the world
With a Total Daily Liquidity of $5.3 Trillion dollars.
The New York Stock Exchange which is the Second Largest Market is having a Daily Trading Volume of $169 Billion Dollars.
WHO IS A FOREX BROOKER
Forex Brookers are Firms that gives you access to the FOREX MARKET .
They provide you as a Trader access to the Financial market...
By providing a Trading account for you.
They gives Traders what we call Leverage.
They also provide Support Functions to the traders.
There are various Brokers in the Forex Market
We have:
Hotforex
binarylimited
I'm still going to take time to talk about Brokers in details.
Please stay tune to more of forex trade.
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STOPCheck out the last post from @hivebuzz:
I hope it will help, because have once heard forex is complex
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Todays take away from your post is that the trading volume at Newyork stock exchanges is 19 billion dollars