Course Content
Forex Trading Basics
Forex (foreign exchange) trading involves buying and selling currencies in the global marketplace, aiming to profit from changes in currency values. It's one of the largest and most liquid markets in the world, operating 24 hours a day, five days a week.
Here are the key basics:
Currency Pairs: Currencies are traded in pairs (e.g., EUR/USD), with the first currency being the base and the second the quote. The price represents how much of the quote currency is needed to buy one unit of the base currency.
Bid and Ask Prices: The bid is the price at which you can sell the base currency, and the ask is the price at which you can buy it. The difference between the bid and ask prices is called the spread, which is how brokers make money.
Leverage and Margin: Leverage allows traders to control larger positions with a small amount of capital (margin). While this can amplify gains, it also increases risk, as losses are also magnified.
Pips: A pip is the smallest price move in a currency pair, typically the fourth decimal place (0.0001). Pips are used to measure price changes and potential profit or loss.
Market Orders and Positions: Traders can take a long position (buying with the expectation of a price increase) or a short position (selling with the expectation of a price decrease). Orders can be executed immediately (market orders) or set for future prices (limit or stop orders).
Fundamental and Technical Analysis: Fundamental analysis involves studying economic indicators, news, and events that impact currency values. Technical analysis focuses on historical price charts and patterns to predict future movements.
Risk Management: Effective risk management, including setting stop-loss orders and not risking too much capital on a single trade, is crucial to long-term success in forex trading.
Forex trading can be profitable but also carries high risks, making education, practice, and disciplined strategies essential for success.
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Forex Trading Basic
17:38 -
Forex Currency Pairs & Pips
09:07 -
What Is Leverage, Lot, Margin
31:08
Technical Analysis : Retail Concepts
Retail concepts in technical analysis are strategies commonly used by individual traders to predict price movements. Key elements include:
Support and Resistance: Levels where price tends to stop and reverse.
Moving Averages: Used to identify trends and potential entry/exit points.
Trendlines and Channels: Help visualize the direction of trends.
Chart Patterns: Indicate potential reversals or continuations (e.g., Head and Shoulders, Triangles).
Indicators and Oscillators: Tools like RSI and MACD measure momentum and trend strength.
Volume Analysis: Assesses the strength of price moves.
Candlestick Patterns: Show market sentiment and reversal signals.
Fibonacci Retracement: Identifies potential reversal levels using key ratios.
Breakouts and Fakeouts: Breakouts indicate new trends, while fakeouts are false moves.
These concepts help traders make decisions but should be used with proper risk management.
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Technical Analysis Vs Fundamental Analysis
01:02 -
Candlesticks Basic
05:24 -
Candlesticks Pressure and Wicks
03:21 -
Candlesticks Pin Bar
06:32 -
Candlesticks Spinning Top
01:49 -
Relative Strength Index ( RSI )
02:46 -
Relative Strength Index Live
15:33 -
Moving Average Indicator
09:11 -
MA & EMA
03:55 -
Exponential Moving Average EMA
04:35 -
Golden Cross and Death Cross
03:21 -
MACD | Moving Average Convergence and Divergence
17:13 -
RSI Divergence
35:00
Price Action
Price action is a trading strategy that involves analyzing and making decisions based on the movement of prices over time, without relying heavily on indicators or technical tools. It focuses on reading candlestick patterns, trendlines, support and resistance levels, and market structure to understand the supply and demand dynamics driving price movements. Traders use price action to identify trends, reversals, and breakouts, aiming to enter and exit trades based on the pure price behavior of the market. This approach emphasizes market psychology and seeks to capture trading opportunities by observing how price reacts at key levels.
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Support & Resistance
10:08 -
Support and Resistance Live
33:01 -
Trendline Strategy
36:15 -
Chart Patterns
50:06
Smart Money Concepts ( SMC )
Smart Money Concepts (SMC) trading is a strategy that aims to align with the actions of institutional traders, often referred to as "smart money." Unlike traditional retail trading, which relies heavily on indicators, SMC focuses on understanding market structure, price action, and liquidity zones to identify where institutional players are likely to enter or exit trades.
Key components of SMC include:
Market Structure: Identifying trends, reversals, and consolidation phases to understand the broader market context.
Order Blocks: Areas where institutions have placed large orders, acting as strong support or resistance levels.
Liquidity Zones: Areas where liquidity is gathered, often leading to price manipulation like stop hunts to capture retail positions.
Manipulation Patterns: Recognizing false breakouts and price manipulations that smart money uses to trap retail traders.
SMC traders look for precise entries and exits based on these principles, aiming to trade in the direction of institutional flows rather than against them. The strategy emphasizes patience, market understanding, and a focus on high-probability setups driven by institutional activity.
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What is SMC
07:05 -
Market Structure
14:58 -
Break Of Structure ( BOS )
09:39 -
Change Of Character ( CHOCH )
14:39 -
Fair Value Gap ( FVG )
26:40 -
Order Blocks
25:40 -
Order Flow
12:20 -
How To Identify OB Kill Zone
08:17 -
Fibonacci Retracement & Liquidity Concepts
21:06 -
Fib Extension
09:37 -
Mitigation Blocks
00:00 -
Risk Management
00:00 -
Time and Price Theory
00:00
Elliott Wave Theory
Elliott Wave Theory is a technical analysis framework that suggests market prices move in repetitive patterns, or waves, driven by collective investor psychology. Developed by Ralph Nelson Elliott in the 1930s, the theory identifies that price movements in financial markets follow a specific pattern of five waves in the direction of the primary trend (Impulse waves) and three waves against it (Corrective waves).
Key Concepts:
Impulse Waves (5 waves): These waves move in the direction of the main trend, with three strong trend waves (1, 3, 5) and two smaller corrections (2, 4).
Corrective Waves (3 waves): These waves move against the main trend and typically form an A-B-C pattern.
Fractals: The wave patterns repeat at all time frames, from minutes to decades, creating a fractal structure.
Fibonacci Relationships: Wave lengths and retracements often align with Fibonacci ratios, helping to predict the extent of moves.
Traders use Elliott Wave Theory to forecast future price movements by identifying these wave patterns and applying the principles of wave structure, cycle degrees, and Fibonacci ratios. While subjective and requiring experience to master, it provides a framework for understanding market cycles and investor behavior.
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Wave Structure
00:00 -
Wave Patterns
00:00 -
Impulse Waves
00:00 -
Fractals
00:00 -
Fibonacci Relationship
00:00 -
Corrective Waves
00:00
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