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currency trading sample


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currency trading sample

  1. 1. CURRENCY TRADINGBy: kriengkrai jermpatjanya
  2. 2. “… an investment inknowledge always paysthe best interest…” n Benjamin Frankli
  3. 3. 4 CORE ELEMENTS Buyer + Seller + Asset + Price Buyer   ✪   Asset   ✪   Seller   ✪  ✪   Price  
  4. 4. global trading isHUGE!
  5. 5. Turnover in the Global foreign exchange markets in April 2010Source: Bank for International Settlements (BIS)
  6. 6. The main currenciesEUR, USD, JPY, GBP, CHF, AUD, CAD, and NZD JYP, 3% Others, 4% GBP, 4% EUR, 27% USD, 62%Source: International Monetary Fund June 2010    
  7. 7. How to make profit?EUR/USD = 1.3050Base Currency   Quote Currency  When you buy EUR/USD, you are actually buying 1 euro whilesimultaneously selling short 1.3050 dollar.
  8. 8. Choosing an account type  ECN, Standard, é   Mini, Micro ê    trade in Gain? Bullish,  Market The bid, The ask & The spread è    RETAIL è  Bearlish or è    Pips Maker Sideway Loss? market é   Not enough capital? that’s ok, you have Leverage Loss more than Margin call?Send an order amount of “X”Lots to market maker ê   ê    order long/ short in .. Order is EUR/ USD Pair at 1.3400 closed
  9. 9. How many methods can you use to findS&R? §  Fibonacci §  Trend line §  Indicator §  The relationship of time frame §  Moving Average §  Demand and Supply concept §  Big numbers §  Etc...
  10. 10. Start Tradingtrend is ourfriend
  11. 11. 4 STEPS§  Identify the trend by using 3 bars rule§  Set “stop order” when the “conditions” occur§  Set stop loss§  Manage the stop loss
  12. 12. THE ENDThank you for joining the seminar, see youall next class!