How Trading Works and Terminology



Chapter 1
Forex Basics
Chapter 2
Fundamental Factors
Chapter 3
Technical Tools
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Lesson 1. Introduction to the Foreign Exchange

This lesson will take you through the working of the largest market in the world. We will explore the Foreign Exchange market's operation and background.

1.1

What is Forex?
Purpose
Background

1.2

Operation
The 8 Major Currencies
A 24 Hour market
Business Hours of the World’s Financial Centers

1.3

Aspects of Trading
Fundamental Analysis
Technical Analysis


Lesson 2. How Trading Works and Terminology

This lesson explains the main concepts behind Forex trading. It breaks down how trading in the Forex market works starting with how to read a Forex chart. Next, some terminology is dissected in easy to understand language. Finally we introduce two of the basic risk management tools, limit and stop orders.

2.1

How Forex Trading Works
Going Long or Short
How to Read a Forex Chart
More Trading Terminology - Spread

2.2

Explanation of Margin and Leveraged Trading
Contract Sizes and Pip values
Leverage
Margin Call
Tying Everything Together in an Example

2.3

Risk Management
Limit and Stop Orders
Example – Euro vs. US Dollar
Lesson 3. A Sample Trade

This lesson will take a novice that has never used an online trading platform through opening two positions and then following how they change in value.

3.1Setting Up An Example
Reading Candlesticks
Initial Analysis

3.2Opening two Positions

3.3Initial Changes, 4 Hours Later

3.4The Next Day, 24 Hours Later

3.5

Candles Can Paint A Story of Wild Activity - 26 Hours Later

3.6

Retraction from a Big Move - 30 Hours Later

3.7

Two Days Later - 48 Hours Later
Conclusion - a Tale of Two Positions

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