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
Personal Psychology Questions2 Topics
Psychology for Beginners7 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)
Market Structure5 Topics
CompletionRisk Management for Beginners8 Topics
Fundamental Analysis9 Topics
AdvancedUsing Indicators6 Topics
Technical Analysis (Part 2)8 Topics
When analyzing economical and political factors in one’s country, understand that it can have an effect on a currency’s supply and demand, which determines the overall exchange rate you see on the market daily.
When it comes to stocks, you look at the value of an investment based on things like: their earnings growth, how strong the company is vs. their competitors, the product/service they’re actually selling, the words of prominent figures within the company, and etc.
In Forex, you look at the economic conditions such as interest rates, manufacturing data, employment data, and GDP! It sounds crazy, but we’re about to go through it all and break it down as simply as we possibly can.
It’s super important to pay attention to fundamental developments in the markets, no matter if you are day trading or swing trading, because fundamentals impact short-term trends AND longer-term trends.
Before you even think of placing a trade or analyzing a chart, make sure you know what economic events will be taking place ahead of your trading day/week.
Long story short; if you want to really understand Forex or really understand a currency pair, don’t forget about fundamentals. The basics are crucial.