This document provides an overview of forex trading. It defines forex as the global currency market where one currency is exchanged for another. It describes how forex works by buying a currency at a low price and selling it at a higher price. It also defines a pip and explains how quotes, players, brokers, and platforms work in the forex market. The document gives tips on choosing a broker, common currency pairs to trade, order types like market orders and pending orders, and the steps to take to successfully trade forex.

1. Forex Tips & Trading Strategy For You

2. Forex Lesson 1:
Forex Overview

3. What is forex?
• The Foreign Exchange market, also
called forex.
• Forex is global currency trading market. ...
• FOREX happen when one currency is
exchanged for another.
• The single most important thing on
the forex market is the exchange rate between
two currencies

4. How Do You Trade Forex
• In the forex market, think of money as a
commodity, you are buying a currency hoping
that its value will increase, and if you
are selling you are betting that it will decrease. ...
• Let say, you buy gold with price of 1 dollar. Then
tomorow, price increase to 5 dollar. Then You sell
it, you gain 4 dollar from it.
• That is how forex works, you buy with low price,
sell at the high price.

5. What is pip?
• A pip is a very small measure of change in a
currency pair in the forex market. ...
• pip is a standardized unit and is the smallest
amount by which a currency quote can
change, which is usually $0.0001 for U.S.-
dollar related currency pairs,
• which is more commonly referred to as
1/100th of 1%, or one basis point.

6. buy
1.1630 -1.1500 = 0.0130
130pips

7. Forex Quotes
USD/JPY 89.29/89.32
Base Currency
Always have
value of 1
Quote Currency
Bid Price is the price
That you sell the base
currency
Ask Price is the
price
That you would
buy
the base currency

8. Forex Players
• Banks
• Large Commercial Companies
• Goverments And Central Banks
• The Speculators

9. Forex Broker
• Firms that provide currency traders with
access to a trading platform that allows them
to buy and sell foreign currencies.
• A currency trading broker, also known as a
retail forex broker, or forex broker,
• handles a very small portion of the volume of
the overall foreign exchange market.

10. TradersTraders
Traders
Broker
Banks

11. Forex Brokers

14. How To Choose Forex Broker
8 Things To Know Before Choosing Forex Broker
1. Regulations
2. Capitalization
3. Segregation of Funds
4. Comission / Spreads
5. Deposit/ Withdawal
6. Mininum Deposit
7. Account Type
8. Customer Service

15. Platform to use

16. What Pair To Use?
• Major Pair
– EURUSD
– GBPUSD
– AUDUSD
– NZDUSD
• Cross Pair
– EURJPY
– GBPJPY
– AUDJPY
– NZDJPY

18. Pending Order
• Market Execution
• Buy Stop
• Sell Stop
• Buy Limit
• Sell Limit
Buy Sell

19. Market execution use to do market order
instantly

21. Buy Stop
-Order place above price and price keeps going
up

22. • Buy Limit
• Order place below price and price then goes
up

23. • Sell Stop
• Order placed below price and price keeps
going down

24. • Sell Limit
• Order placed above price and price goes down

25. Take Profits
Stop Loss
Order Type

26. Take Profits
Stop Loss
Order Type
Price

27. 5 Step to trade forex
• Education
• Demo
• Practice
• Real Account
• Keep Learning

28. Forex Failure
• No forex education
• Greedy
• Lack of practice
• No Trading Plan

29. visit