Forex 101
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FOREX Tutorial. Describes terms, FOREX analysis, expert advisors and trading platforms. For the FOREX beginner.
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Forex 101
- 1. FOREX 101 A FOREX Primer Sponsored By:
- 2. FOREX 101 What is FOREX?
- 6. 8 Terms: You must Know Copyright ©2009 Wilderforex.com and TechGenii, Inc.
- 7. What is a pip? Copyright ©2009 Wilderforex.com and TechGenii, Inc.
- 9. What is a lot? Copyright ©2009 Wilderforex.com and TechGenii, Inc.
- 10. What is a currency pair? Copyright ©2009 Wilderforex.com and TechGenii, Inc.
- 11. What is a currency pair? Copyright ©2009 Wilderforex.com and TechGenii, Inc.
- 12. What is a currency pair? Copyright ©2009 Wilderforex.com and TechGenii, Inc.
- 15. What is leverage? Forex Capital Markets. 2009. http://www.fxcm.com/margin-and-rollover-faq.jsp#q4 Copyright ©2009 Wilderforex.com and TechGenii, Inc.
- 18. T/P and S/L when you BUY? Copyright ©2009 Wilderforex.com and TechGenii, Inc.
- 19. T/P and S/L when you SELL? Copyright ©2009 Wilderforex.com and TechGenii, Inc.
- 20. FOREX 101 What is a Trading Strategy?
- 22. Fundamental Trading Strategy Copyright ©2009 Wilderforex.com and TechGenii, Inc.
- 23. Technical Trading Strategy Copyright ©2009 Wilderforex.com and TechGenii, Inc.
- 24. FOREX 101 What is a Trading Platform?
- 25. Trading Platform Copyright ©2009 Wilderforex.com and TechGenii, Inc.
- 26. FOREX 101 What is an Indicator?
- 27. Indicator Copyright ©2009 Wilderforex.com and TechGenii, Inc.
- 29. Trend Indicators Copyright ©2009 Wilderforex.com and TechGenii, Inc.
- 31. Momentum indicators Copyright ©2009 Wilderforex.com and TechGenii, Inc.
- 33. Volume indicators Copyright ©2009 Wilderforex.com and TechGenii, Inc.
- 35. Volatility indicators Copyright ©2009 Wilderforex.com and TechGenii, Inc.
- 36. FOREX 101 What is an Expert Advisor?
- 38. Expert Advisor Copyright ©2009 Wilderforex.com and TechGenii, Inc.
Editor's Notes
- Largest, most liquid cash market with $1.9 trillion per day traded.
- 0.97834 - 0.97765 = 69 pips
- Lot = .0001 X 100,000 = 10 units Mini lot = .00001 X 100,000 = 1 unit
- Currency Pair Value = Value is determined by its comparison to another currency
- What is the base currency? What is the quote currency?
- EUR/USD – Inverse Currency Pair
- NZDUSD on 12/01 – Bid Price = 0.72713 These prices constantly fluctuate.
- NZDUSD on 11/23 – Bid Price = 0.73426 These prices constantly fluctuate.
- The current price point (white line) = 1.04631 The current Take Profit Price (magenta) = 1.04885 The current Stop Loss Price (blue) = 1.04275
- The current price point (white line) = 1.04631 The current Take Profit Price (Blue) = 1.04275 The current Stop Loss Price (Magenta)= 1.04885
- Uses Financial News to predict movements in a currency pair.
- technical trading focuses on statistic and probabilistic indexes to help predict the future trend of a currency pair Read more: http://currencies.suite101.com/article.cfm/forex_fundamental_trading_strategy#ixzz0YTgkjoY8 Example – Moving
- A trading platform is the software typically provided by your broker used to make trades through their system and for managing your account.
- economic indicators that quantify current economic and industry conditions are used to provide insight into the future profitability potential of public companies.
- Moving Average
- RSI
- Money Flow Index
- Bollinger Bands