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WHAT IS FOREX?
HLONI MAKUWA
HLONI MAKUWA
Forex is the Foreign exchange (FX or
forex) is the cornerstone of all
international capital transactions
and is the largest financial market in
the world.
DID YOU KNOW
LET ME HELP YOU!
FOREX TRADING
CURRENCIES ARE ALWAYS PRICED IN PAIRS, MEANING ALL TRADES
REQUIRE THE BUYING OF ONE CURRENCY AND THE SELLING OF ANOTHER.
THE OBJECTIVE OF FX TRADING IS TO EXCHANGE ONE CURRENCY FOR
ANOTHER IN ANTICIPATION OF THE MARKET PRICE CHANGING, SO THAT
THE CURRENCY BEING BOUGHT WILL INCREASE IN VALUE RELATIVE TO THE
ONE BEING SOLD.
CIVIL LIABILITY
INSURANCE PROGRAMME
BY ICM.COM
COVER AVAILABLE UP TO £5 MILLION*
TO ENSURE ALL CLIENTS AND THIRD PARTIES
WORKING WITH ICM HAVE THE PROTECTION THEY
NEED, ICM HAVE CREATED A FREE CIVIL LIABILITY
INSURANCE PROGRAMME WORTH UP TO £5 MILLION.
THIS SCHEME IS AVAILABLE TO ALL LIVE ACCOUNT
HOLDERS AND IS COMPLETELY FREE, WITH NO
ADDITIONAL COST INCURRED BY OUR CLIENTS.
TECHNICAL ANALYSIS USING CHARTS
PRICE MOVEMENT USED IN A BAR CHART IS ILLUSTRATED
USING A BAR. THE LENGTH OF THIS BAR IS DETERMINED
BY THE HIGH AND LOW OF A TRADING PERIOD (E.G. A
DAY). SMALL HORIZONTAL TICS MAY BE USED TO
DESIGNATE OPENING AND CLOSING PRICES FOR THIS
TRADING PERIOD.
A CANDLESTICK CHART OFFERS A CLEAR VISUAL
PROFILE OF MARKET PRICES, MAKING IT EASIER TO
CATEGORISE MARKET PRICE PATTERNS TO A FINER
DEGREE. THE BODY OF THE CANDLE REPRESENTS THE
DIFFERENCE BETWEEN THE OPEN AND THE CLOSE FOR A
CERTAIN PERIOD.
TOPS, BOTTOMS AND TREND LINES ARE A GREAT WAY OF
IDENTIFYING HISTORICALLY SIGNIFICANT PRICE LEVELS.
TREND LINES ARE DRAWN TO CONNECT EITHER A SERIES
OF HIGHS OR LOWS IN A TREND. THEY ARE USED TO
TRACK THE TREND IN PROGRESS.
DOING RESEARCH
CHARTS CAN BE USED ON AN INTRADAY (5 MINUTES, 15
MINUTES), HOURLY, DAILY, WEEKLY OR MONTHLY BASIS.
THE CHART YOU STUDY DEPENDS ON HOW LONG YOU
INTEND TO HOLD A POSITION. IF YOU ARE TRADING
SHORT-TERM, YOU MAY WISH TO REFER TO 5-MINUTE OR
15-MINUTE CHARTS. IF YOU INTEND TO HOLD A POSITION
FOR A FEW DAYS, AN HOURLY, 4-HOUR OR DAILY CHART
COULD BE PREFERABLE. WEEKLY AND MONTHLY CHARTS
COMPRESS PRICE MOVEMENTS TO ALLOW FOR MUCH
LONGER-RANGE TREND ANALYSIS.
MULTI ASSET BROKER
ICM OFFER ACCESS TO TRADING CENTRAL'S MARKET-
LEADING TECHNICAL ANALYSIS PACKAGE WHICH
IDENTIFIES REAL TIME, ACTIONABLE TRADING
OPPORTUNITIES FOR OUR MOST POPULAR TRADING
PRODUCTS. ALL DEMO AND LIVE ACCOUNT CLIENTS CAN
VIEW OUR DAILY MARKET REPORT, AND LIVE ACCOUNT
TRADERS ALSO RECEIVE LOG-IN DETAILS TO ACCESS
TRADING CENTRAL'S BRAND NEW METATRADER 4 INDICATOR
AND THE TRADING CENTRAL NEWS PORTAL.
THE DAILY MARKET
REPORT IS PROVIDED
FREE OF CHARGE FOR
ALL ICM LIVE ACCOUNT
CLIENTS.
REGISTER NOW AND
TRADE WITH THE WORLD
CLASS BROKER.
WHAT IS A PIP?
A PIP IS THE MINIMUM FLUCTUATION OF THE
INSTRUMENT BEING PRICED. AT ICM WE HAVE
INTRODUCED 5 DIGIT QUOTES TO ALLOW OUR
CLIENTS TO BENEFIT FROM SMALLER PRICE
INCREMENTS AND MOVES IN THE MARKET. FOR
INSTANCE, INSTEAD OF QUOTING PRICES WITH 4
DIGITS, I.E EURUSD 1.3151/1.3153, WE QUOTE THE
PAIR AT A LOWER SPREAD OF 1.3 AS
1.31508/1.31524.
WHAT IS A LOT?
A FOREX LOT IS THE AMOUNT OF CURRENCY YOU BUY OR
SELL. FOR EXAMPLE, IF YOU WISH TO TRADE $100,000, THIS
IS THE SIZE OF THE TRADE. A FOREX LOT IS A
REPRESENTATION OF TRADE SIZE IN A DIFFERENT FORMAT. IN
THIS EXAMPLE, A STANDARD LOT WOULD REPRESENT
100,000 OF ANY CURRENCY.
EUR 100,000 = 1 STANDARD LOT EURO
BE WISE, AND YOU CAN
BE THE BEST VERSION OF
YOURSELF.
FOR MORE INFORMATION
CONTACT
lehlohonolo.makuwa@icm.com +27 81 590 6472
JOIN THE
WINNING TEAM

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L Makuwa

  • 2. HLONI MAKUWA Forex is the Foreign exchange (FX or forex) is the cornerstone of all international capital transactions and is the largest financial market in the world.
  • 3. DID YOU KNOW LET ME HELP YOU!
  • 4. FOREX TRADING CURRENCIES ARE ALWAYS PRICED IN PAIRS, MEANING ALL TRADES REQUIRE THE BUYING OF ONE CURRENCY AND THE SELLING OF ANOTHER. THE OBJECTIVE OF FX TRADING IS TO EXCHANGE ONE CURRENCY FOR ANOTHER IN ANTICIPATION OF THE MARKET PRICE CHANGING, SO THAT THE CURRENCY BEING BOUGHT WILL INCREASE IN VALUE RELATIVE TO THE ONE BEING SOLD.
  • 5. CIVIL LIABILITY INSURANCE PROGRAMME BY ICM.COM COVER AVAILABLE UP TO £5 MILLION* TO ENSURE ALL CLIENTS AND THIRD PARTIES WORKING WITH ICM HAVE THE PROTECTION THEY NEED, ICM HAVE CREATED A FREE CIVIL LIABILITY INSURANCE PROGRAMME WORTH UP TO £5 MILLION. THIS SCHEME IS AVAILABLE TO ALL LIVE ACCOUNT HOLDERS AND IS COMPLETELY FREE, WITH NO ADDITIONAL COST INCURRED BY OUR CLIENTS.
  • 6. TECHNICAL ANALYSIS USING CHARTS PRICE MOVEMENT USED IN A BAR CHART IS ILLUSTRATED USING A BAR. THE LENGTH OF THIS BAR IS DETERMINED BY THE HIGH AND LOW OF A TRADING PERIOD (E.G. A DAY). SMALL HORIZONTAL TICS MAY BE USED TO DESIGNATE OPENING AND CLOSING PRICES FOR THIS TRADING PERIOD. A CANDLESTICK CHART OFFERS A CLEAR VISUAL PROFILE OF MARKET PRICES, MAKING IT EASIER TO CATEGORISE MARKET PRICE PATTERNS TO A FINER DEGREE. THE BODY OF THE CANDLE REPRESENTS THE DIFFERENCE BETWEEN THE OPEN AND THE CLOSE FOR A CERTAIN PERIOD. TOPS, BOTTOMS AND TREND LINES ARE A GREAT WAY OF IDENTIFYING HISTORICALLY SIGNIFICANT PRICE LEVELS. TREND LINES ARE DRAWN TO CONNECT EITHER A SERIES OF HIGHS OR LOWS IN A TREND. THEY ARE USED TO TRACK THE TREND IN PROGRESS.
  • 7. DOING RESEARCH CHARTS CAN BE USED ON AN INTRADAY (5 MINUTES, 15 MINUTES), HOURLY, DAILY, WEEKLY OR MONTHLY BASIS. THE CHART YOU STUDY DEPENDS ON HOW LONG YOU INTEND TO HOLD A POSITION. IF YOU ARE TRADING SHORT-TERM, YOU MAY WISH TO REFER TO 5-MINUTE OR 15-MINUTE CHARTS. IF YOU INTEND TO HOLD A POSITION FOR A FEW DAYS, AN HOURLY, 4-HOUR OR DAILY CHART COULD BE PREFERABLE. WEEKLY AND MONTHLY CHARTS COMPRESS PRICE MOVEMENTS TO ALLOW FOR MUCH LONGER-RANGE TREND ANALYSIS.
  • 8. MULTI ASSET BROKER ICM OFFER ACCESS TO TRADING CENTRAL'S MARKET- LEADING TECHNICAL ANALYSIS PACKAGE WHICH IDENTIFIES REAL TIME, ACTIONABLE TRADING OPPORTUNITIES FOR OUR MOST POPULAR TRADING PRODUCTS. ALL DEMO AND LIVE ACCOUNT CLIENTS CAN VIEW OUR DAILY MARKET REPORT, AND LIVE ACCOUNT TRADERS ALSO RECEIVE LOG-IN DETAILS TO ACCESS TRADING CENTRAL'S BRAND NEW METATRADER 4 INDICATOR AND THE TRADING CENTRAL NEWS PORTAL.
  • 9. THE DAILY MARKET REPORT IS PROVIDED FREE OF CHARGE FOR ALL ICM LIVE ACCOUNT CLIENTS.
  • 10. REGISTER NOW AND TRADE WITH THE WORLD CLASS BROKER.
  • 11. WHAT IS A PIP? A PIP IS THE MINIMUM FLUCTUATION OF THE INSTRUMENT BEING PRICED. AT ICM WE HAVE INTRODUCED 5 DIGIT QUOTES TO ALLOW OUR CLIENTS TO BENEFIT FROM SMALLER PRICE INCREMENTS AND MOVES IN THE MARKET. FOR INSTANCE, INSTEAD OF QUOTING PRICES WITH 4 DIGITS, I.E EURUSD 1.3151/1.3153, WE QUOTE THE PAIR AT A LOWER SPREAD OF 1.3 AS 1.31508/1.31524.
  • 12. WHAT IS A LOT? A FOREX LOT IS THE AMOUNT OF CURRENCY YOU BUY OR SELL. FOR EXAMPLE, IF YOU WISH TO TRADE $100,000, THIS IS THE SIZE OF THE TRADE. A FOREX LOT IS A REPRESENTATION OF TRADE SIZE IN A DIFFERENT FORMAT. IN THIS EXAMPLE, A STANDARD LOT WOULD REPRESENT 100,000 OF ANY CURRENCY. EUR 100,000 = 1 STANDARD LOT EURO
  • 13. BE WISE, AND YOU CAN BE THE BEST VERSION OF YOURSELF.