BeginnerEarly Stages for Beginners8 Topics
Forex Terminology11 Topics
- Major and Minor Currency Pairs
- Basic Forex Terminology
- Pips & Ticks
- The Broker & The Spread
- What is a Lot?
- Stop Loss & Take Profit
- Margin & Leverage
- Retracement & Reversal
- When Can I Trade Forex? Sessions - Market Open and Close
- 3 Types of Analysis (Technical, Fundamental, Sentiment)
- 3 Ways a Market Can Go (Up, Down, Sideways)
Margin & Leverage2 Topics
IntermediateIdentifying Scams2 Topics
Brokers for Beginners5 Topics
Technical Analysis13 Topics
- Types of Charts
- Understanding Japanese Candlesticks
- Candlestick Patterns For Beginners
- Single, Double & Triple Candlestick Patterns
- Support and Resistance
- Confluences w/ Candlesticks & Support & Resistance
- Counter Trend Trading/ Counter Trend Lines
- Moving Average
- Top-Down Analysis
- Consolidation Trading (Breakout, Retest, Continuation)
AdvancedUsing Indicators6 Topics
Technical Analysis (Part 2)8 Topics
Market Structure5 Topics
Fundamental Analysis9 Topics
CompletionRisk Management for Beginners8 Topics
Psychology for Beginners7 Topics
Personal Psychology Questions2 Topics
Gross Domestic Product & Inflation
Let’s start off with Gross Domestic Product (GDP)! GDP is essentially how much money an economy makes. It’s the overall total amount of goods & services produced in that specific country. It’s important to see a nation’s GDP because it lets us know how well they’re doing as an economy. It’s measured several times over the course of a year and leaders will give an estimate on what they think it’s looking like. If the number ends up being higher than the estimate or the previous GDP, the country’s currency will rise. If it’s lower, it’ll fall!
The reason it’s important not only to us as traders but to other countries to know other country’s GDP, is because they need to see which countries are doing well! It essentially affects trade talks (importing & exporting), pricing, and more.
How does that affect our current trading? Well, the GDP is measured several times over the course of a year and leaders will give an estimate on what they think it’s looking like. If the number ends up being higher than the estimate or the previous GDP, the country’s currency will rise. If it’s lower, it’ll fall!
The United States has the highest GDP followed by China.