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Forex Beginner Course

The document is a beginner's course on Forex trading, covering basic theories such as leverage, order types, and market structure, as well as practices for risk reduction and demo account setup. It explains Forex as a business activity of buying and selling currencies for profit, requiring an internet connection, capital, and a trading account. Additionally, it discusses the significance of exchange rates and how they impact currency trading profits.

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nzuzannalovi60
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56 views3 pages

Forex Beginner Course

The document is a beginner's course on Forex trading, covering basic theories such as leverage, order types, and market structure, as well as practices for risk reduction and demo account setup. It explains Forex as a business activity of buying and selling currencies for profit, requiring an internet connection, capital, and a trading account. Additionally, it discusses the significance of exchange rates and how they impact currency trading profits.

Uploaded by

nzuzannalovi60
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Forex beginner Course


*Basic theories in forex*

1. Introduction to Forex
2. Leverage definition
3. Bid, Ask and spread.
4. Order Types
5. Timeframes in Forex
6. Balance, Equity and Margin
7. Concept of trading.
8. Market structure
9. Types of traders

*Basic practices in Forex*

1. Breakeven And how to set it.


2. Timeframes I use
3. Lot size based on budget.
4. How to reduce risks
5. How to open Demo account.

*Intermediate practices in Forex*

1. Basic of Support and resistance (SNR)


2. SNR indepth
3. Identifying strong and weak SNR.
4. How to read the chart.
5. Trendlines in Forex
6. Major and minor trendlines
7. Steps to identify trends
8. How to draw trendlines

INTRODUCTION TO FOREX

Forex is short form for FOREIGN EXCHANGE

Forex Trading is a Business Activity of buying and selling currencies for profit.
Forex Trading is the same as running any other businesses. You buy at a low price and sell it at a
higher price to make profit.

What You Need to Start Trading:

Internet
Smartphone
Capital
Trading Account

Trading Platform

Broker: Exness, OctaFX etc


App: MT4 / MT5

What is forex?

Quite simply, it’s the global financial market that allows one to trade currencies.

If you think one currency will be stronger versus the other, and you end up correct, then you can
make a profit.

If you’ve ever traveled to another country, you usually had to find a currency exchange booth at
the airport, and then exchange the money you have in your wallet into the currency of the
country you are visiting.

Foreign Exchange
You go up to the counter and notice a screen displaying different exchange rates for different
currencies.

An exchange rate is the relative price of two currencies from two different countries.

You find “Japanese yen” and think to yourself, “WOW! My one dollar is worth 100 yen?! And I
have ten dollars! I’m going to be rich!!!”
When you do this, you’ve essentially participated in the forex market!
You’ve exchanged one currency for another.

Or in forex trading terms, assuming you’re an American visiting Japan, you’ve sold dollars and
bought yen.

Currency Exchange

Before you fly back home, you stop by the currency exchange booth to exchange the yen that
you miraculously have remaining (Tokyo is expensive!) and notice the exchange rates have
changed.

It’s these changes in the exchange rates that allow you to make money in the foreign exchange
market.

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