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Forex Tips & Trading Strategy For You
Forex Lesson 2 :
Forex Analysis
For Beginners
Types of Analysis
Fundamental
Technical Analysis
What is fundamental analysis
Fundamental analysis is the interpretation of
statistical reports and economic indicators
website to know the forex calendar
www.forexfactory.com
10 news every trader should know
1. NON FARM PAYROLL (Every Friday Each Month)
2. TRADE BALANCE
3. INTEREST RATE STATEMENTS
4. DURABLE GOOD
5. PRODUCER PRICE INDEX
6. PPI excl. FOOD AND ENERGY
7. CONSUMER PRICE INDEX
8. CPI excl. FOOD AND ENERGY
9. TRICHET, BERNANKE DAN FUKUI SPEAKS
10.UNEPLOYMENT RATE
What is Technical Analysis
• Forex market prediction using trading tools in
trading platforms.
• Forex Patterns recognition in market data to
identify trends and make predictions.
Tools In Metatrader 4
Time Frame
Weekly
Daily
4 Hour
1 Hour
Continue Pattern
• Most Commonly Used Forex Chart Patterns
• there are few common chart patterns which
occur regularly and provide a relatively simple
method for trading.
• These two patterns are the rectangle ,
triangle.
• it also pattern on the retracement and
reversal level.
Bullish Rectangle Bearish Rectangle
Bullish Triangle Bearish Triangle
Reversal Pattern
• A reversal is a change in the direction of a
price trend
• On a price chart, reversals undergo a
recognizable change in the price structure.
Double Bottom Double Top
Left Shoulder Right Shoulder
Head
Head
Right ShoulderLeft Shoulder
Head And Shoulder Inverse Head And Shoulder
Support And Resistance
• support and resistance is a concept that the
movement of the market movement will tend
to stop and reverse at certain price levels.
• These levels are denoted by multiple touches
of price without a breakthrough of the level.
Support And Resistance
Resistance
Support
Support
Resistance
Resistance
Support
Support
Resistance
Resistance
Resistance Become Support
Fibonacci Retracement
• Fibonacci retracement is a method of technical
analysis to determine retracement level of
market movement.
• Fibonacci retracement is created by taking two
extreme points on a chart and dividing the
vertical distance by the key Fibonacci ratios.
• Fibonacci retracements can identify potential
support / resistance levels.
• the most commonly used Fibonacci levels are
the 38.2%, 50%, 61.8% and sometimes 23.6%
and 76.4%.
A
0.382
0.236
0.618
0.500
B
Fibonacci
Forex Indicators
• Indicators generally overlay on price chart
data to indicate where the price is going, or
whether the price is in an "overbought"
condition or an "oversold" condition.
• Support technical analysis decision.
Stochastic
Types Of Forex Trader
• Position Trader
• Swing Trader
• Day Trader
• Scalping
Position Trader
• Trades on Daily and Weekly Charts
• Takes long term perspective
• Position left to run for months
• Trades a few time a month
• Pips gain form market movement 1000pips to
2000pips
Swing Trader
• Trades the 4 hour and 1 hour chart
• Trades run in and out in a few weeks
• Pips gain 150pips to 200pips
• Forex Technical Analysis
Day Trader
• Trades the 5-15 Minute chart tries to catch the
market movement of the day.
• In and out in the same day.
• Trade few times a day.
• Only use trading strategy to make profits.
Scalper
• Trades the small time frame chart.
• M15, M5 , M1
• They sometime using forex indicator
• Small profits taken from each position
• Usually 10pips-15pips
Forex Lesson 3
• Trending Market
– 3 Types Market Trending
– Understand Market Structure
– 3 ways to know weakened trending market.
– Trending Reversal
– Best entry on trending market.
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Forex lesson 2 : forex analysis for beginners

  • 1. Forex Tips & Trading Strategy For You
  • 2. Forex Lesson 2 : Forex Analysis For Beginners
  • 4. What is fundamental analysis Fundamental analysis is the interpretation of statistical reports and economic indicators
  • 5. website to know the forex calendar www.forexfactory.com
  • 6. 10 news every trader should know 1. NON FARM PAYROLL (Every Friday Each Month) 2. TRADE BALANCE 3. INTEREST RATE STATEMENTS 4. DURABLE GOOD 5. PRODUCER PRICE INDEX 6. PPI excl. FOOD AND ENERGY 7. CONSUMER PRICE INDEX 8. CPI excl. FOOD AND ENERGY 9. TRICHET, BERNANKE DAN FUKUI SPEAKS 10.UNEPLOYMENT RATE
  • 7. What is Technical Analysis • Forex market prediction using trading tools in trading platforms. • Forex Patterns recognition in market data to identify trends and make predictions.
  • 11. Daily
  • 14. Continue Pattern • Most Commonly Used Forex Chart Patterns • there are few common chart patterns which occur regularly and provide a relatively simple method for trading. • These two patterns are the rectangle , triangle. • it also pattern on the retracement and reversal level.
  • 16.
  • 18.
  • 19. Reversal Pattern • A reversal is a change in the direction of a price trend • On a price chart, reversals undergo a recognizable change in the price structure.
  • 21.
  • 22. Left Shoulder Right Shoulder Head Head Right ShoulderLeft Shoulder Head And Shoulder Inverse Head And Shoulder
  • 23.
  • 24. Support And Resistance • support and resistance is a concept that the movement of the market movement will tend to stop and reverse at certain price levels. • These levels are denoted by multiple touches of price without a breakthrough of the level.
  • 27. Fibonacci Retracement • Fibonacci retracement is a method of technical analysis to determine retracement level of market movement. • Fibonacci retracement is created by taking two extreme points on a chart and dividing the vertical distance by the key Fibonacci ratios. • Fibonacci retracements can identify potential support / resistance levels. • the most commonly used Fibonacci levels are the 38.2%, 50%, 61.8% and sometimes 23.6% and 76.4%.
  • 30. Forex Indicators • Indicators generally overlay on price chart data to indicate where the price is going, or whether the price is in an "overbought" condition or an "oversold" condition. • Support technical analysis decision.
  • 31.
  • 32.
  • 33.
  • 34.
  • 36.
  • 37.
  • 38.
  • 39. Types Of Forex Trader • Position Trader • Swing Trader • Day Trader • Scalping
  • 40. Position Trader • Trades on Daily and Weekly Charts • Takes long term perspective • Position left to run for months • Trades a few time a month • Pips gain form market movement 1000pips to 2000pips
  • 41. Swing Trader • Trades the 4 hour and 1 hour chart • Trades run in and out in a few weeks • Pips gain 150pips to 200pips • Forex Technical Analysis
  • 42. Day Trader • Trades the 5-15 Minute chart tries to catch the market movement of the day. • In and out in the same day. • Trade few times a day. • Only use trading strategy to make profits.
  • 43. Scalper • Trades the small time frame chart. • M15, M5 , M1 • They sometime using forex indicator • Small profits taken from each position • Usually 10pips-15pips
  • 44. Forex Lesson 3 • Trending Market – 3 Types Market Trending – Understand Market Structure – 3 ways to know weakened trending market. – Trending Reversal – Best entry on trending market.
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