FOREX TRADING FOR BEGINNERS AND EVERYONE

For those of you who want to learn how to trade forex. 🌈🔥🔥

Here is a detailed, simplified and well explained PDF for you.

You can start learning with it.

The PDF is for beginners in forex trading.

TABLE OF CONTENT

FOUNDATION 1

1. What is Forex
2. Market participants
3. Base and quote currency
4. Forex broker

FOUNDATION 2

1. Forex market hours
2. What is a spread
3. Pips and point
4. What is a lot
5. What is leverage
6. What is equity and margin

FOUNDATION 3

1. What is take profit
2. What is stop loss
3. Order types

I. Market execution

II. Pending orders

• Buy stop
• Sell stop
• Buy limit
• Sell limit
• Trailing stop

INTERMEDIATE

1. Forex analysis

• Fundamental
• Technical
• Sentimental

2. Which type of forex analysis is best?

ADVANCE 1

1. Fundamental analysis

• Gross Domestic Product (GDP)
• Inflation rate or consumer price index
• Interest rate
• Non-Farm Payroll

2. Reading the economic calendar

3. Technical analysis

• Trend and flat/consolidation
• Support and resistance
• Ways to draw support and resistance zones
• Channel
• Fibonacci levels

4. Indicators

• Commonly used indicators
• Relative Strength Index
• Stochastic
• Moving Average Convergence Divergence (MACD)
• Moving average
• Parabolic SAR

5. Japanese Candlestick

• Anatomy of candlestick
• Importance of candlesticks
• What is a shadow
• The doji candlestick pattern
• Dragon-fly doji
• Graven-stone doji
• Morning star
• Evening star
• The hammer
• Shooting star
• Tweezer top/bottom

6. Classic technical chart patterns

• Double top
• Double bottom
• Head and shoulder
• Inverse head and shoulder
• Rising wedge
• Falling wedge

ADVANCE 2

1. Harmonic Patterns

• Harmonic Pattern Cheat Sheet

2. Types of Traders

• Scalper
• Day trader
• Swing trader
• Position trader

3. Creating a Trading System

4. Money management

5. Trade management