Learn About Forex Trading

Basic Forex Education

Lesson 1: Why Trade Forex

The Forex market is the biggest and popular financial market in the world that traded globally by a large of individuals and organizations. The average trading volume exceeds $5 trillion US dollars and it’s a 24-hour market. A free demo account can be opened to practice for you to build your skills in trading.

Lesson 2: When To Trade Forex

Forex market is open 24 hours, but it doesn’t mean that you need to trade every single minute of the day. The Forex Trading can be classified with 3 main major sessions, Asian Session from 12 a.m. to 8 a.m., European Session starts from 7 a.m. and North American Session starts from 12 p.m.

Lesson 3: Trading Terminology or Where Am I Going Long

Traders have their own language when trading, so it’s important to know the trading terminologies. The most common language forex is Going Long, Going Short, and Being Flat (being neither long nor short).

Lesson 4: How to Trade With Leverage

Trading with the small quantities at a time will never make you any profit that’s why Forex Brokers offer up 500 to 1 leverage. See how it works by watching the video.

Lesson 5: What’s a PIP

A PIP is the exchange rate for a currency pair or a measurement of change. The currency pairs displayed as decimals,1 bit is equal to .0001. There’s an exemption for yen base pairs which has 2 decimal places. Some brokers have pre fractional PIPs to provide an extra precision and they’re displayed as 5th decimal place.

Lesson 6: How to Place A Trade In Forex

In every single forex transaction, there are two currencies involved because you simultaneously buy 1 currency and sell another one. First, the Base Currency and second is the Quote Currency.

Lesson 7: Types of Forex Orders

An order is an instruction from trader to broker on how they want to enter or exit the market. The most common types of orders are Market Order, Limit Order – Buy Limit, Limit Order – Sell Limit and Stop Loss Order.

Lesson 8: Technical Analysis in Forex

The Technical Analysis is based on the presumption when analysts studying charts to look for patterns and situations if the pricing will act the same as before. Also, by studying historical market data, you can forecast future price movements.

Lesson 9: Fundamental Analysis in Forex

Fundamental Analysis is known as a forecast of the future price movement based on the overall state of the economy considering various factors such as Interest Rate, Employment, Housing, Production, and Manufacturing.

Lesson 10: Types of Forex Charts

Most of the popular charts are a Line chart, Bar chart, and Candlestick chart. But the chart that has excellent visual representation is Candlestick that we recommend for beginners. This chart clearly shows who is in control.

Lesson 11: Support and Resistance in Forex

The two of the most popular concepts of technical analysis are Support and Resistance. The Support and Resistance have 3 Golden Rules. Let’s find what are those.

Lesson 12: Trendlines

Trendlines are diagonal lines and drawn by connecting two or more price peaks or bottoms.

Fibonnaci

Lesson 1: Fibonacci

Fibonacci Ratios are used by traders to find potential reversal points as the price tends to find support and resistance of these levels.

Lesson 2: Forex Fibonacci Extensions

The Fibonacci Extension is a tool that helps you set the profit targets and used as Fibonacci sequence ratios.

Lesson 3: Learn Forex Fibonacci Fan and Arcs

Fibonacci Fan and Arcs is a tool to find support and resistance levels and are being drawn from swing low to swing high.

Lesson 4: Learn Forex Combining Fibonacci with other technical analysis tools

Fibonacci can be combined with other technical tools like FIBS with polarity change, FIBS with Trendlines and channel, and FIBS with RSI.

Understanding Candlesticks

Lesson 1: Candlesticks

Candlestick trading is a very powerful tool in technical analysis and it provides great sentiment, market condition insights, signal strength changes, and price reversals.

Lesson 2: Doji Candlestick in Forex

Doji Candlestick has opening and closing price and it looks like a cross, inverted cross or plus sign and it represents in a decision in the market.

Lesson 3: Marubazu Candlestick in Forex

Marubazu is the exact opposite of Doji Candlestick and it represents total conviction about the price direction.

Lesson 4: Hammer and Hanging Man Candlesticks

Hammer is a bullish reversal signal and can be found at the lower trend on the chart while Hanging Man represents a potential reversal that can be found at the uptrend.

Lesson 5: Shooting Start and Inverted Hammer Candlestick

Shooting Star is a bearish reversal signal while an Inverted Hammer is often considered as a bullish reversal signal. It has a small real body, a very small or no lower shadow and a long upper shadow while Inverted.

Lesson 6: Bullish piercing pattern

The Bullish piercing patter is a double candlestick reversal signal with a bullish pattern, and it has two candlesticks. First Candle, Long Bearish Candle and Second, Long bullish candle close above the midpoint of the first candle.

Lesson 7: Dark Cloud Cover pattern

The Dark Cloud Cover pattern is a two candlesticks bearish reversal pattern. In First Candle, forms are long bull patterns and Second, a long bear candle that closest below the middle point of the first candle.

Lesson 8: Bullish and Bearish engulfing patterns

The Bullish engulfing patterns and Bearish engulfing patterns are opposites. See why they’re opposites and what are their differences by watching the video.

Lesson 9: Tweezer Tops and Bottoms

A Tweezer Tops is a bearish reversal signal that can only see uptrend and Tweezer Bottoms is a bullish reversal signal. The best thing about the Tweezer Tops and Bottoms is the signal clearly shows strong Support and Resistance.

Lesson 10: Morning and Evening Star Patterns

The Morning Star is the three-candlestick bullish reversal signal. First, a Long Bearish candle, Second, a small candle and a perfect Doji, and Third, a long Bullish candle. The other side of the trend is known as the opposite signal known as the Evening Star. First, a Long Bullish candle, Second, a small and represents decision and Third, a Long Bearish candle.

Lesson 11: 3 White Soldiers 3 Black Crows

The 3 White Soldiers is the signal for a bullish reversal pattern and the 3 Black Crows is the signal for a bearish reversal pattern.

Lesson 12: 3 Inside Up 3 inside down pattern

The 3 Inside Up is a bullish reversal pattern depicted by 3 candlesticks and can be located at the downtrend and the 3 Inside Down is the opposite of 3 Inside Up. See how it works by watching the video.

Lesson 13: Rising and Falling Three Methods

The Rising and Falling Three Methods consists of five candlestick patterns. See how it works by watching the video.

Chart Formation Patterns

Lesson 1: Forex Double Top and Double Bottom Formation patterns

The Forex Double Top Formation pattern is a bearish reversal form and a strong force in the upper direction. The Double Bottom Formation pattern is a form of strong dropped or signals that denote or reversal of bulls.

Lesson 2: Learn Forex Head and Shoulders patterns

Head and Shoulders pattern is a strong upper trend that leads to a bearish reversal pattern. This pattern consists of a peak, known as a Left Shoulder, higher peak known as a Head and a lower peak known as a Right Shoulder.

Lesson 3: Learn Inverse Head and Shoulders Pattern

Inverse Head and Shoulder is a bullish reversal pattern that is formed when there is a strong downward trend. It is the exact opposite of the bearish Head and Shoulders pattern.

Lesson 4: Learn Forex Bull Flag Formation Patterns

A Bull Flag is a bullish continuation pattern. It follows a strong move effort and consists of a flagpole as a strong move to the upside and a consolidation phase which is known as a flag.

Lesson 5: Learn Forex Bear Flag Patterns

A Bear Flag pattern is a continued pattern in a bearish trend. It follows a strong move downwards and comprises a flagpole as the strong move to the downside plus consolidation phase which is known as a flag.

Lesson 6: Learn Forex Bullish and Bearish Pennant Formation

Bullish Pennant, a continued bullish trend, is like the bull flag formation and it consists of the strong move upward as a flagpole and a consolidation phase as a pennant. Whereas the Bearish Pennant is the complete opposite and it is generally observed when there is a strong downward pulling force.

Lesson 7: Learn Forex Falling Wedge Pattern

The Falling Wedge pattern is a bullish formation pattern in which the price exhibits lower lows and lower highs and the resistance line is zippier than a support line.

Lesson 8: Learn Forex Ascending and Descending Triangle Formations

Ascending Triangle Formations is also a continued bullish pattern and a consolidation pattern generally form during uptrend when the price is holding the resistance level but still making higher lows. On the contrary, Descending Triangle Formations generally forms during downtrend when there is a set of support level and making lower highs.

Lesson 9: Learn Forex Symmetrical Triangle Pattern

The Forex Symmetrical Triangle pattern is the neutral chart formation and it forms on the resistance line as sloping downwards and the supporting line is sloping upwards.

Lesson 10: Forex Box Range

A Box Range forms if there is a prolonged period of indecision of the market and it’s defined by strong parallel support and resistance lines.

Lesson 11: Learn Forex Cup and Handle Formation Pattern

The Cup and Handle Formation pattern is a bullish continuation pattern. It consists of a U shape price action as the cup and a small but sharp declined resistance as a handle.

Lesson 12: Learn Forex Inverse Cup and Handle Pattern

The Inverse Cup and Handle pattern are a bearish continuation pattern. It consists of an inverse U shape price action as the cup and a small but sharp advance at support resembles the handle.

Lesson 13: Learn Forex Rising Wedge Pattern

Rising Wedge is a bearish formation pattern where the price makes higher highs and higher lows, but the support line is steeper than the resistance line

Forex Indicators

Lesson 1: Forex RSI Relative Strength Index

RSI or Relative Strength Index is an indicator of momentum and it measures over bought and over sold conditions of the market. The indicators swing between 0 and 100.

Lesson 2: Forex RSI Stochastic Oscillator

The Stochastic Oscillator is a momentum indicator that measures over bought and over sold conditions in the market same as RSI. The reading above 80 levels shows overbought conditions and below 20 is oversold conditions.

Lesson 3: Forex ATR Average True Range

ATR or Average True Range is a volatility indicator and it measures the range of the sessions and PIPs then determine the average of that range over a certain number of sessions.

Lesson 4: Forex Moving Average

Moving Average is a great technical indicator that shows the average price of the few periods of the stock. The two types of moving average are Simple Moving Average and Exponential Moving Average.

Lesson 5: Forex Moving Average Convergence Divergence MACD

MACD or Moving Average Convergence Divergence is a momentum indicator showing the relationship between two moving averages of prices. It’s used to identify new trends and find entries in your trade.

Lesson 6: Forex Average Directional Index ADX

ADX or Average Directional Index is an indicator of directional movement and it’s used to measure the strength and direction of the trend. It consists of 4 main components, ADX line, +DI line, -DI line, and 20 level.

Lesson 7: Forex Bollinger Bands

Bollinger Bands are an indicator of volatility. It consists of moving averages as a center line and two price channels above and below which are called the Bands.

Lesson 8: Forex Parabolic SAR

Parabolic SAR is a trend falling indicator that consists of a dots below and above of the price.

Lesson 9: Forex Ichimoku Kinko Hyo

Ichimoku Kinko Hyo is a trend direction momentum indicator which gives out a trading signal as to the support and resistance levels. The four components of Ichimoku are Tenkan-Sen Line, Kijun-Sen Line, Chikou Span, and Kumo Cloud.

Lesson 10: Forex Pivot Points

Pivot Points are technical indicators that will help you determine potential support in the resistance area. This type of indicators is especially useful for day traders.

Timing in Forex

Lesson 1: Timing your entries when trading forex

The 50% of a good trade is about timing. Enter too early or too late is a risk for your profit. By watching this video, you’ll get a couple of tips that will help you to get your timing right.

Lesson 2: Timing your exits when trading forex

Getting the timing right in trade exits is vital as well as time entries. The video reveals some strategies to achieve your right timing.

Meta Trader 4

Lesson 1: Getting Started with MT4

This video tutorial will show you how to get started with MT4 or Meta Trader 4 application.

Lesson 2: Market Watch-Basics

The Market Watch-Basics window is positioned at the top left side of the application. In this video tutorial, we will show you how it works.

Lesson 3: Chart Window Basics

The Chart Window Basics is the big panel in the center of the screen. It displays the historical data of the financial instruments. In this video tutorial, we will show you how it works.

Lesson 4: Terminal Window Basics Part 1

The Terminal Window can be found at the bottom of the MT4 platform window. You can get an overview of different features of several modules such as Trade, Account History, News, Alerts, Mailbox, and Journal.

Lesson 5: Terminal Window Basics Part 2

In Lesson 4, you can see where Terminal Window platform is positioned and several module tabs. But they’re recently added module tabs, these are the Signals, Code Base, Experts and Market tab.

Lesson 6: Navigator Window Basics

The Navigator Window panel is on the left-hand side between the Market Watch and Terminal Window. In this panel, you will see the Account Tab, Indicators, Expert Advisors and Scripts.

Lesson 7: Placing Orders

In this video tutorial, we will show you various ways where you can place orders in the MT4 application.

Lesson 8: Account History / Closed Trades

In this video tutorial, we will give you a better understanding of how you can manage your trades and how to monitor your close trades listed in your Account History Tab.

Lesson 9: Market Watch Detailed

The Market Watch window is located on the top left side of the MT4 application. In this video tutorial, we will show you how it works.

Lesson 10: All About Charts

In this video tutorial, we focused on the chart managing window which displays the historical data of currency pairs symbols.

Lesson 11: Chart Window Properties

In this video tutorial, we will show you how you can access Chart Window Properties and how it works.

Lesson 12: Indicators and Scripts

Indicators are graphical tools that enable you to analyze the market conditions and Scripts will allow you to perform trading operations instantly and their various types of scripts such as for opening trades, closing trades, etc.

Cryptocurrency

Lesson 1: Background – Concept of owning a digital currency

Digital Currency is new, different and high tech that some people will wrongly get the impression that it is difficult to use. In this video, we will show you the concept and benefits of owning a Digital Currency.

Lesson 2: What are “wallets” and how do they work

A Wallets stores the digital credentials for your Bitcoins holdings. In this video, we will discuss different kinds of wallet and how it works.

Lesson 3: Backups & Offline Storage – Why is it important, how to do it

In this video, we will talk about Why set up an Offline Savings Wallet, an Overview of Existing Solutions, the Two Best Way to Secure your Bitcoins against Theft and Security Warning.

Lesson 4: Mobile Security – How to safely protect your mobile wallet

When managing money online, it is important to make sure that your security habits of keeping your information are safe. In this video, we will show you the best practices to protect your information online.

Lesson 5: Types of Cryptocurrencies

In this video, we will discuss the Types of Cryptocurrencies such as Bitcoin, Litecoin, Ethereum, Zcash, Dash, Ripple, and Monero.

Lesson 6: What is Bitcoin?

Bitcoin is a worldwide cryptocurrency and payment system. It is the first decentralized digital currency without a single administrator. It was invented by an unknown person or group of people using the name Satoshi Nakamoto and released as open-source software in 2009.

Lesson 7: The History of Bitcoin

In this video, we will discuss how Bitcoin evolved and how Satoshi Nakamoto strived to make it known today as a new kind of money in the modern financial landscape.

Lesson 8: Ways to Use Bitcoin besides investing

Besides treating it as an investment, you can also use Bitcoin as a mode of payment for which fees can be as little as 0-2%. The number of merchants that accept Bitcoin as a payment method has already exceeded 100,000.

Lesson 9: How to invest in Bitcoin

In this video, we will show you how Bitcoin can be used as an investment.

Lesson 10: What are the Risks involved in bitcoin trading

In this video, we will discuss some of the risks involved when investing in or trading Bitcoin.

Lesson 11: How to buy Bitcoin

Buying cryptocurrency may be confusing to a lot of people. In this video, we will guide you on how to purchase cryptocurrencies.

Lesson 12: Why accept Bitcoin?

In this video, we will discuss the advantages of accepting Bitcoin as a payment method, such as the speed of transactions, security of your card information, etc.

Lesson 13: What are the risks involved in using bitcoin

In this video, we will guide you on how to avoid some of the risks involved when accepting Bitcoin.

Lesson 14: How to Accept Bitcoin for services or goods

Accepting Bitcoin at a small business is best started in whichever manner keeps the accounting simple for you. In this video, we will show you how to accept Bitcoin for services or goods.

Lesson 15: Outlook on Taxation, Accounting & Legalities

None of the information presented in this video qualifies as legal advice. We still strongly recommend consulting a qualified lawyer or accountant.

Lesson 16: Background – Early Digital Currencies (1980-2009)

A cryptocurrency is a digital asset designed to work as a medium of exchange. To learn more about the background of cryptocurrency, please watch the video.

Lesson 17: Evolution of blockchain and Cryptocurrencies

In this video, we discuss further the history of blockchain and cryptocurrencies.

Lesson 18: The Future of Digital Currencies and Blockchain

Litecoin, Dash, Ripple, Stratis, Zcash, and Monero are just a few examples of the popular cryptocurrencies. In this video, we will discuss the outlook and future of digital money.

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