47 Forex Market Lessons That Will Prepare You For Advance Strategies

 

I believe you’ll agree with me when I say: 

It’s REALLY hard to get started making money in the forex market.

Well, it turns out, you can actually make money trading forex with a few simple approaches. 

In fact, these approaches helped boost my student base to over 200 signups.

Tip #1. As a beginner you should be able to know what forex is.

Why is knowing what forex is so important to even start making money with it? 

Because, forex is not a game. Forex on its own is a business. It is a high risk venture and not also for every investor.

This is what you do:

Step A. You will learn what you are going to be trading.

You are going to buy and sell currencies. Whether short term or long term.

Step B. You will learn forex market liquidity

It is a big market. It comes with it a huge benefits for currency traders.

Step C. You will ask yourself. How are my going to trade forex?

Most popular ways that traders join in this huge market is through the spot market, options and exchange.

#2. How do you trade forex?

Now you want to get ready to learn how to anaylize your forex chart to buy and sell currencies to make money.

#3. When do you trade forex? That's where timing comes in.

#4. Who trades forex?

#5. Why trade forex?

#6. Margin trading 101

#7. Brokers 101

#8. Three types of analysis

#9. Types of chart 

#10. Support and resistance levels

#11. Japanese candlesticks

#12. Fibonacci

#13. Moving averages

#14. Popular chart indicators

#15. Oscillators and momentum indicators

#16. Important chart patterns

#17. Pivot points

#18. Heikin Ashi

#19. Elliott wave theory

#20. Harmonic price patterns

#21. Trading divergences

#22. Market environment

#23. Trading breakouts and fake-outs 

#24. Fundamental analysis

#25. Currency crosses

#26. Multiple timeframe analysis

#27. Market sentiment

#28. Trading the news

#29. Carry trade

#30. The US Dollar index

#31. Inter-market correlations

#32. Using equities to trade forex

#33. Country profiles

#34. Developing your trading plan

#35. Which type of trader are you?

#36. Create your trading system

#37. Keeping a trading journal

#38. How to use Meta trader 4

#39. Risk management

#40. The number 1 cause of death of forex traders

#41. Position sizing

#42. Setting stop losses

#43. Scaling in and out

#44. Currency correlations

#45. The most common trading mistakes newbies make

#46. Fx trading scams

#47. Binary options 101

You can get these forex basics on Babypips. When you are done then, come back and let's start piping together. Let's become consistently profitable together. 

Do not forget to bookmark this blog (forexmarketmoni.blogspot.com).

If there is anyone that you feel was not listed here, your idea is welcome in the comment space below.

  

  

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