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.

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).

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.

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.

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.

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.

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.

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.

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.

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.

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

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

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

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.

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

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.

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.

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.

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.

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

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.

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.

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.

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.

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

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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

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.

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.

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.

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.

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.

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.

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

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.

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.

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

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.

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.

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.

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.

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.

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

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.

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.

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

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

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.

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

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.

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.

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

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.

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.

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.

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

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

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

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.

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

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.

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

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.

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

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.