FOREX TRADING FULL COURSE

 FOREX TRADING COURSE

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Detailed Deep Dive: The Foreign Exchange Market - Forex

NOTES:

TO become a decent trader it is important to become master fundamental analysis and the risk management 

    SUCCESS= COMPOUND INTREST+DISCIPLINE²

WE SHOULD NOT TRADE DURING

• LOW ACTIVITY  means trade in thin market and smaller rate of change and smaller profits 
• CHATIC ACTIVITY means trading around important news which can effect the currency rate 

FOREX MEANS

1. TO EXCHANGE A CURRENCY PEAR 
2. TO BUY ONE CURRENCY AND SELL ANOTHER

BAD EVENTS:

• FRIDAY AFTERNOON AND WEAKEND :
• TRADING SESSION CLOSING TIME :
• IMPORTANT ECNOMIC DATE RELEASE :
• BANK HOLIDAYS :
• PRIME TV EVENTS :
• ASIAN SESSION :
• AFTER A BIG LOSS :

CURRENCY SYMBOLS ARE ALWAYS HAVE THREE LETTERS WHERE FIRST TWO LETTERS IDENTIFY THE COUNTYR AND THIRD LETTER STAND FOR CURRENCY NAME 

USD AUD CAD 

1. The Foundational Concept and Market Structure

The Foreign Exchange Market, also known as Forex or FX, is an important part of trading currencies  is the largest and most liquid financial market in the world. Quite simply, it is a market where participants simultaneously buy one currency and sell another can cause a great financial benefit. This enormous amount of international trade, cross-border investment, tourism, and the policy decisions of central banks drive this buying and selling in the forex trading platforms 

Unlike stock markets, the Forex market does not have a type of a  single central exchange on which all transactions are conducted. It is an Over-The-Counter (OTC) market, with transactions being executed entirely electronically between banks, institutions, and individual traders worldwide. Because of this decentralized structure, the market operates 24 hours a day, five days a week, following the business hours of major financial centers from Sydney and Tokyo to London and New York.

The overriding objective of a Forex trader hass to reap a profit by the help of the fluctuating exchange rate between two national currencies of different counties . This is done by correctly anticipating whether one currency will appreciate (strengthen) or depreciate (weaken) relative to the other and this cause a gap between the currencies values, either in the immediate or near future.

2. Key Terms - Core Operation and Definitions

Understanding how Forex works requires  for getting accustomed to certain, non-negotiable terms by using ot  and their specific definitions:

• Currency Pairs: Currencies are never or can  be traded in isolation or separately ; they are always sold  in the forms pairs, such as EUR/USD (Euro versus US Dollar) or USD/JPY (US Dollar versus Japanese Yen). The first currency in the pair (e.g., the Euro in EUR/USD) is the Base Currency, which is considered very important and the second is the Quote or Counter Currency. A trade is simply a sale or buy on the base value of the Base Currency relative to the Quote Currency.the difference between them cause profit or lose  When a trader Goes Long (buys) the pair, they decrease the value of  the Base Currency will strengthen. Conversely, if they Go Short (sell) the pair, they expect the Base Currency to weaken and lost its vallue

• Pip (Percentage in Point): The pip is the standard and least  unit of measurement for showing the smallest and most minimum possible change value between two currencies in the pair . In the most pairs, it is equal to the fourth decimal place (0.0001). This minute amount or increment is how a trader's profit or loss is quantified the exactness using of the market movements in the traders attempt to capture.

• The Spread: This refers to the difference in value or amount  between what a broker is or he is willing to buy a currency pair for (the Bid price) and what amount of pired money  they will sell it for (the Ask price). The Spread itself constitutes the cost  in the form of the transaction to the trader, essentially in the functioning as the broker's commission for executing the trade then  The tighter the spread, the lower the cost of trading cases

• Leverage and Margin: Leverage is a high-risk tool that let the traders control  position many times larger than their capital. For example, $100:1$ leverage allows a trader to manage a $100,000 position with only $1,000 and so on  of their own money. This required capital is called the Margin. Just as Leverage can exponentially increase the magnify potential profits, it can also magnifies losses, causing a great lose a on a trade  leading to the greatest risk factor associated with Forex trading. in the Leverage 

3. Main Advantages of the Forex Market

The unique  powerful structure and vast and immence  scale of the Forex market provide several advantages with respect to different types of market particeperters

• Unparalleled Liquidity: The Forex  market got the most of the  liquidity then any other market in the world, with over $7 trillion traded every day world wide in the form of the pairs . This means that trading orders can almost always be executed fastly and immediately at the desired and acceptable market price, minimizing "slippage" and ensuring ease of entry and exit from positions. in the market 

• Accessibility and Flexibility: The forex market is 24/5 operating schedule allows traders in any time zone to react immediately with to the respect of economic and political news. Furthermore, the barrier and resistence for entry is relatively low: so many brokers allow to open accounts to be opened with small initial deposits, making this market more accessible than traditional equity markets to a wider range of investors to invest 

• Profit Opportunities in Any Market Conditions: Unlike stock trading where a bull (rising) got the market is generally required for profit, Forex traders also can profit equally  well during  in a falling (bear) market market by "going short" and correctly anticipating the depreciation of a currency pair. in the formas

4. Significant Risks and Potential Disadvantages

The amplified potential returns offered by Forex are directly proportional to significant, inherent risks, particularly for retail traders:

•