Master the Basics & Start Earning Today!
This chapter will introduce you to the field of forex trading. It answers questions such as what is forex? what is FX trading? why trade forex? At the end of the chapter, you will get a comprehensive understanding of the forex market structure and basic forex terminologies.
Chapter two will help you understand the foundational elements traders engage with daily while trading the forex market. In this chapter, we dive deeper into currencies and their exchange rates. The chapter also explores factors that affect exchange rates. By the end of this chapter, you will be able to read forex quotes and charts, including bid-ask spread, candlestick patterns, and support/resistance levels.
Technical analysis involves using charts and indicators to predict market movements...
Fundamental analysis focuses on economic indicators, interest rates, and political factors...
Effective risk management is crucial to avoid major losses...
A trading plan outlines your strategy, risk tolerance, and trading goals...
Explore platforms like MetaTrader 4/5, trading apps, and analysis tools...
Learn about strategies like trend following, scalping, and breakout trading...
Discover the importance of maintaining discipline and sticking to a routine...
Take your forex trading skills to the next level by practicing and continuously learning...