Fx Blaze Ch-0 Basic Forex Trading Learning

Basic Forex Trading Learning Notes

1. BASIC OFBASIC OF
FOREX TRADINGFOREX TRADING
Chapter 0Chapter 0

2. Foreign exchange, or forex, traders speculate on changing exchange
rates by converting large sums of money from currency to currency,
much like stock traders buy and sell different stocks. Forex traders
essentially attempt to buy low and sell high for a profit, but the asset
they are trading is currency
What is Forex
Ex - EURUSD, USDCAD, GBPUSD
Commodities like XAUUSD, XAGUSD, XTIUSD

3. Platforms and Brokers
Exness
What is Platform ?
a software or digital interface provided by
financial institutions or brokers that allows
investors and traders to execute
transactions in financial markets.
What is Broker ?
an independent person or a company that
organises and executes financial
transactions on behalf of another party

4. What is Lot Size and Spread ?
Forex is commonly traded
in specific amounts called
lots, or basically the
number of currency units
you will buy or sell.
The bid price is what the
dealer is willing to pay for a
currency, while the ask price
is the rate at which a dealer
will sell the same currency.

5. Base Currency Quote Currency
If base Currency gets Strong then
market will be Bullish.
If quote Currency gets Strong then
market will be Bearish.

6. Risk Management
Managing Your Risk and be in discipline it is more necessary than your accuracy
My Risk Management
Per Day Permitted Risk on Account : - 0.25 %
Per Day Minimum Target on Account : - 0.5 %
If capable than go beyond 1 % Target but Avoid Overtrade
No. of Daily trades : -
Minimum : - 1
Maximum : - 4
What is Risk Reward Ratio ?
Marks the prospective reward an investor can earn for every dollar they risk on an
investment.
If you are a beginner then go with minimum 1:1.5 and maximum 1:3 RR ratio

7. Perspectives of Market Analysis
Technical Analysis : - a means of
examining and predicting price
movements in the financial
markets, by using historical price
charts and market statistics.
There are Some concepts and
Strategies are made to analyse
market technically with chart
Ex. Price Action, SMC, ICT etc
But The Major concept is Supply
Demand.

8. Fundamental Analysis : - Fundamental analysis is a method of evaluating the intrinsic
value of an asset and analysing the factors that could influence its price in the future.
In Forex Fundamental Analysis is about to study the economy of different currencies so
that we can find out which currency is weak and which one is Strong.
Major things to Study in Fundamentals - News, Economy of country, Regular Foreign
Updates

9. How to Analyse Perfectly, take Decision and place trades perfectly
In Forex mostly movement happens according to Fundamental things,
So decide your view after Studying fundamentals like would you rather
Sell or Buy.
Second implement your Technicals and Study the charts and levels to
Place Trades.

10. How Market Moves
A. In Trend
There 2 Types of Trend
Up Trend1.
Down Trend2.
B. RangeBound or
Ranging Market

11. What is Supply and Demand
Supply : - Where many people wanted
to sell, causing the price to
fall
Demand : - Where many people wanted
to Buy, causing the price to
rise

12. Thanks To Join Us
See you in next Class