This Course is designed to teach beginners the fundamentals of Forex trading. Here is an outline of what you might expect to learn in such a course:
Introduction to Forex: You will learn the basics of Forex trading, including what it is, how it works, and why people trade Forex.
Currency Pair...
A financial analyst, provides an introduction to forex and how to apply this video. Dow Jones NASDAQ
will come means how to trade in American market. After this forex analysis video will come. Just after
that news and events are there in which big volatility could happen. To start forex trade you should have
a broker, who is very important here if you are not following up me from earlier. Most important thing is
who is broker and why is he important because your money put on line can go to waste. Second thing
there is doubt on legal/illegal you have asked me many times, RBI has banned so how to trade. It is
illegal to trade how will you trade then? What happens is when you deposit your money. When you
deposit then Indian bank account will reflect to you. When it is coming from crypto then there is no
issue. But in case you want to do it by your account then Indian account will come. This is called p2p
transaction or peer-to-peer transaction.
Pips basically means percentage in point. Percentage in points will not give you benefit. How you can
measure pips. When you open your account with the broker then he will send you an id and password
and you need to fill in either mt4/mt5. You need to remember mt4 is an app by which all the brokers in
the world can be added. Retest theory works best on a 15 minute time frame also. It works on every
time frame. Watch all my previous forex analysis videos. Watch 510 videos by taking time out. You will
get a lot of things to learn. Here we are seeing a pattern like head and shoulder and resistance. We have
to think of a target and stop loss. Let's assume my account has of 500 $. I will tell you all about what and
how much we have to do. My account has 500 $ which means almost 38,000/to 40000/$. We need to
focus on recent price action and exit from here. When the red candle is closed, then we have planned to
short it here at this point. Then we will short this here. We will put the stop loss a little above. Not of 10
$ not of 10 euro/usd. But of 10 pip stop loss is 10 pip.
If we make a lot size of 0.25, then how much it will move on every pip. How much will it move on 0.1? $1
no problem. Multiply it with your stop loss. If I want a loss of 50$ then I can take 0.5 also. I am an
aggressive type of gambler trader. But for the sake of calculation, we can do one thing that we will do
the calculation on a big amount. The market has its timings. Its Dubai time is shown here and set as per
time of India. You set it according to the Indian time zone then it will show accordingly. If you go as per
the time of Mumbai it is showing now 6:30 am. At that time, the Sydney session was open at this time in
the market. Forex have forex major pair or minor pair and one is exotic pair you have trade major or
minor pairs. The Australian pair will be active and Tokyo means JPY JPY. At such time usually bigbig move
come so this your timing now we come to which pair we need to trade.
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