The ULTIMATE Forex Trading Course for Beginners

Published on October 11, 2020

Trending opinions and videos relevant with Scalper Micro Trading XN, The ULTIMATE Forex Trading Course for Beginners.

If you’re new to Forex trading, have less than a year of experience, or you want to learn more about Forex markets, then this course is for you.

** FREE TRADING STRATEGY GUIDES **

The Ultimate Guide to Price Action Trading: https://www.tradingwithrayner.com/ultimate-guide-price-action-trading/

The Monster Guide to Candlestick Patterns: https://www.tradingwithrayner.com/candlestick-pdf-guide/

** PREMIUM TRAINING **

Pro Traders Edge: https://www.tradingwithrayner.com/pte/

Pullback Stock Trading System: https://pullbackstocktradingsystem.com/

Price Action Trading Secrets: https://priceactiontradingsecrets.com/

0:10 Forex Trading for Beginners: What is Forex Trading
First and foremost, what is Forex Trading? Alright so, Forex Trading, right, or the word Forex refers to Foreign Exchange. What you are doing is trading one currency for another.

1:20 Forex Trading for Beginners: Who trades Forex and why?
So there are numerous market participants, right, who trade Forex. For example, you have the central banks, banks, corporations and retail traders. So central banks could be because, right, they want to make our economy more competitive, right, by devaluing their currency.

2:20 Forex Trading for Beginners: Forex Hierarchy
So this is the hierarchy, right, you can see that at the top of the food chain is the major banks, the central banks. Then followed by medium-sized and smaller banks, then the brokers, okay, hedge funds, corporations, and finally, retail traders at the bottom.

2:45 Forex Trading for Beginners: Advantages of Forex Trading.
So there are numerous advantages of Forex Trading. Number one, there is high liquidity, right? So unlike stocks that sometimes if you trade penny stocks or small-cap stocks there is no liquidity, right?

4:41 Forex Trading for Beginners: Currency Pairs
So now, what are some of the different currency pairs in the market? Right, there are three broad currency pairs that you should be aware of, right.

6:25 Forex Trading for Beginners: Forex Trading Sessions
Let’s talk about the different Forex trading sessions, so. Unlike the stock markets where you’re just in one session, the Forex market, you have typically three different sessions.

10:05 Forex Trading for Beginners: Forex Trading Terminology
Now, moving on, right, let’s talk about some common Forex trading terminologies. Right, this might be slightly different from stocks, right, but generally the concepts, right, can be applied the same.

21:25 Forex Trading for Beginners: Types of Forex Trading Orders
So, moving on, right, the different types of Forex orders, right, so there are a few types, right. Market order, limit order, stop order, stop-loss order.

26:29 Forex Trading for Beginners: Forex Charts
Okay, so now, the different types of Forex chart. Right, so generally there are, well, there are many types of Forex chart, but I’m just going to, you know, share with you the three common ones. The line chart, bar chart, and the candlestick chart.

30:27 Forex Trading for Beginners: Forex Analysis
Right, so your fundamental analysis, you have technical analysis and sentiment analysis.

34:38 Forex Trading for Beginners:
Forex brokers, generally it can be broken down into one of these two categories, right, dealing desk broker, and a non-dealing desk broker.

42:53 Forex Trading for Beginners: How to Protect Yourself
Alright, so, let’s say, for example, you trade with your broker, and you know, you find that your broker did something unjust to you, how can you protect yourself?

I have come to the end of this Forex trading course, I hope you got as much value out of it, and if you want to learn more, okay, you can go down to my website, tradingwithrayner.com.

** FREE TRADING STRATEGY GUIDES **

The Ultimate Guide to Price Action Trading: https://www.tradingwithrayner.com/ultimate-guide-price-action-trading/

The Monster Guide to Candlestick Patterns: https://www.tradingwithrayner.com/candlestick-pdf-guide/

** PREMIUM TRAINING **

Pro Traders Edge: https://www.tradingwithrayner.com/pte/

Pullback Stock Trading System: https://pullbackstocktradingsystem.com/

Price Action Trading Secrets: https://priceactiontradingsecrets.com/

The ULTIMATE Forex Trading Course for Beginners, Scalper Micro Trading XN

Scalper Micro Trading XN, The ULTIMATE Forex Trading Course for Beginners.

How tough is Forex?

Yes, foreign exchange trading is tough if your only goal is to make money swiftly. With this frame of mind you will set yourself up for failure also before you begin to trade. Forex trading is also very easy, if you agree to devote the moment and initiatives right into ending up being a successful investor.

What Currencies Sell Foreign Exchange?

Although some retail suppliers trade exotic money such as the Thai baht or the Czech koruna, most of suppliers trade the 7 most fluid money pairs on the planet, which are the 4 “majors”:.

  • EUR/USD (euro/dollar)
  • USD/JPY (dollar/Japanese yen)
  • GBP/USD (British pound/dollar)
  • USD/CHF (dollar/Swiss franc)

and the 3 asset pairs:.

  • AUD/USD (Australian dollar/dollar)
  • USD/CAD (dollar/Canadian dollar)
  • NZD/USD (New Zealand dollar/dollar)

These money pairs along with their different combinations (such as EUR/JPY, GBP/JPY, and EUR/GBP) make up more than 95% of all speculative trading in FX. Given the small number of trading instruments only 18 pairs and crosses are actively traded the FX market is much more concentrated than the stock market.

Final Thoughts:

It is necessary for a trader to do their research and comprehend what money trading really entails; some of this will come from experience, which is why money management is so vital, and some of it will come from enlightening one’s self. The money markets are full of myths that can damage a trader’s chances at success or can lead her astray. Develop a solid trading plan that is personally checked and take complete duty for the success or failure of that plan; by doing this the affects of the myths will be reduced or thrown out altogether. (From choosing the best kind of stock to setting stop-losses, discover just how to trade wisely.

The ULTIMATE Forex Trading Course for Beginners, Explore latest suggestions and videos relevant with Scalper Micro Trading XN and financial market, evaluation, trading signals as well as Forex mentor reviews.

Forex Warning, For Readers:

All products listed on our website StockTradeForex.com are traded on take advantage of, which suggests they lug a high degree of financial risk and you can lose more than your deposits. These products are not ideal for all investors. Please ensure you completely comprehend the dangers and carefully consider your financial situation and trading experience before trading. Seek independent recommendations if necessary.

Category: Scalper Micro Trading Submitted by: MateoKarter

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