BasicBY

Forex
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WHAT IS FOREIGN EXCHANGE ?

• Foreign Exchange Market also known as forex or FX is a global

marketplace for exchanging national currencies.

• Forex markets exist as spot (cash) markets as well as derivatives markets,

offering forwards, futures, options, and currency swaps.

• The exchange of the currencies can be made through online

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WHY DO I HAVE TO CHOOSE FOREX THAN OTHER BUSINESSES ?

• Very easy and save times. We just have to click only !

• Don’t waste energy by selling products

• Don’t have to listen to boss

• Can trade anytime and anywhere 24/7. As long as you have

computer or smart phone and internet of course

• High levels of liquidity.

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 TRADING PLATFORM

Platfrom that is used in Forex Trading is MetaTrader4 (MT4)

Search in your devices in APP store or Play Store to install it !

Why MT4 platform is chosen by traders all over the world ?

Forex Market is open 24 hours a day and only on the weekdays Monday-
❖ Friday while on weekend the Forex Market is totally closed.
❖ Easy to use to open order position

❖ Can analyze by looking at past history.

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 What is Broker ?
❖ Broker is a middle man that manage the deposit transaction and the
withdrawal for every trader that open their account with the company itself.

What is the connection between Broker and Trader ?

❖ Every trader who wants to open a (real) Live account should deal with
broker. After registered under OctaFx broker, you will be given trading
account that will be LINKED to the platform metatrader4 (MT4) .

Click link below to open your Account Trading Deposit as low as $50 usd
https://my.octafx.com/open-account/?refid=ib19522924

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There are 8 types of Currency that usually used by Forex Trader :
❖ USD
❖ GBP
❖ EURO
❖ JPY
❖ CHF
❖ CAD
❖ AUD
❖ NZD

All these currency has partners as shown below :

Cross/Minor currency pairs other than cross

pairs

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 SHORT NAME OF TYPE OF CURRENCY IN MARKET

❖ EUR as known as EURO

❖ GBP as known as GREAT BRITAIN POUND

❖ USD as known as US DOLLAR

❖ CHF as known as SWISS FRANCE

❖ NZD as known as NEW ZEALAND DOLLAR

❖ AUD as known as AUSTRALIAN DOLLAR

❖ CAD as known as CANADIAN DOLLAR

❖ JPY as known as JAPANESE YEN

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3 TYPE OF CHARTS IN FOREX TRADING

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 BASIC KNOWLEDGE IN FOREX

PIP

Pip is a measure unit for a price movement

If price increase from 1.9002 to 1.9005, we can say it has increase to 3

❖
points.
❖
If price drop from 1.9006 to 1.9004, we can say it has drop to 2 points

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 ❖ 1 – 9 is called points

❖ 10 and above is called pips

AS EXAMPLE :

✓ 10 points = 1pips

✓ 30 points = 3pips

✓ 100 points = 10pips

✓ 1000 points – 100pips

If price increase from 1.90005 to 1.90505, meaning it has increase to 50pips/500

points

Calculation to calculate profit or loss

Lot size X Point/Pips

FOR EXAMPLE :

0.02 X 200points/20pips = 4USD

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 WAYS TO MAKE PROFITS IN FOREX

1. Buy Fly Profit

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2. Sell Drop Profit

3.

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 WAYS TO FOLLOW ARRASH’S ENTRY

Arrash give signal and you ENTRY, if you missed it, wait for next
❖❖
signals.

If floating, wait until I ask to layer. Don’t layer by yourself.

WAYS TO SET BE, SL AND TP

❖ Breakeven ( BE )

Breakeven(BE) is the point at which your trade neither makes nor loses
money.
For example :

If you buy Gold at 1822.40 and then set BE at 1822.60 , but price bounce
back to your entry point, so you get zero profit(maybe some profit) and zero
loss, you “break even”.

How to apply it?

- if buy, the price move up like 15-20pips, you can move your SL above
your entry point about 1-3pips
- if sell, the price move down like 15-20pips, you can move your SL below
your entry point about 1-3pips.

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❖

❖ If I ask to close half, please close half and set BE.

TP and SL, just follow me !

TIPS LAYER

I give you some tips if you do layer(with proper lot sizes) ✅

• Close half of your position after profit✅
• Hold some positions with breakeven(be) until hit TP ✅
• Hold 1-2 position with open TP, let the market make money for you ✅
• If hit BE, then its okay , better than you in losing ✅

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 TIPS MM

From the picture, i give you example:-

100usd account = 0.01-0.05 lot only per setup ( low risk )

0.05-0.20 ( medium risk )

0.20 above ( high risk )

• Please follow the low risk

You know Mathematics and you know your balance of your account, so
follow this okay

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 RISK
❖ Risk is any uncertainty with respect to your investments that has the
potential to negatively affect your financial welfare
❖ In trading, before we think about profit/reward, must think about
risk first.
❖ This differentiate between consistent profitable trader and gambler.

Example :

Gold sell @ 1828

tp1 : 1826

tp2 : 1822

Sl : 1832

100 USD

Risk( SL )= 40pips
Lot size = 0.01
If hit SL = loss 4.00$
• So you calculate how much you willing to lose if hit SL
Reward = most of the time TP1 20pips, TP2 40-100pips
Lot size = 0.01
If hit TP1 = profit 2.00$

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