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Forex4noobs Course

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Basics of Forex Education

Your first step toward understanding Forex trading and utilizing price movement is to have a basic education in the market.

These tutorials will teach you all you need to know to begin trading forex if you are a beginner. When you only need to master 20 practical lessons to trade well, why spend your time studying 100 meaningless ones? You must not! Your time is important, therefore I created these classes to impart the fundamentals of forex trading to you as fast and effectively as I could.

If you have been trading for some time, you are undoubtedly familiar with the term “pip.”

. As a result, you should jump on to the section on “Price Action Basics,” where I demonstrate Candlestick Analysis Basics. If you want to study Price Action trading, you must go through the training under “Little Ninja” and “Super Ninja.”

There are three divisions within the Forex Education Academy.
The Fundamentals

You should start with the fundamentals if you are new to trading in forex. This part will teach you:

How to begin trading foreign exchange
What is Forex and how does it operate

The Whole Chart

Trading Forex price action is difficult without charts. This part will teach you:

What leverage is, what a “pip” is, and how to place trades
The two fundamental categories of Forex analysis
Which chart types and time ranges should you trade?

Basics of Price Action

After learning the fundamentals of forex, it’s time to study the fundamentals of price action. This part will teach you:

Basics of candlestick analysis
Basics of a trend
Use of price action when.

Forex Trading – Foreign Exchange Course

Want to learn about Forex?

Foreign exchange, or forex, is the conversion of one country’s currency into another.
In a free economy, a country’s currency is valued according to the laws of supply and demand.
In other words, a currency’s value can be pegged to another country’s currency, such as the U.S. dollar, or even to a basket of currencies.
A country’s currency value may also be set by the country’s government.
However, most countries float their currencies freely against those of other countries, which keeps them in constant fluctuation.

What is forex?

Quite simply, it’s the global market that allows one to trade two currencies against each other.

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 left over (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.

Salepage : Forex4noobs Course