All language subtitles for TraderFX9000 - 6

strategy that I'm teaching you
is going to fit more so with

out because we're going to be
waiting months and months,

Right, so we have various
different trading styles.

got a better understanding of
the Forex market if you are a

recommend sticking to the day
trading and swing trading

effective with the methods that
I'm teaching you. So there we

ways. We've got scalpers, day
traders, swing traders and

ahead and it's time to get you
onto the path to success in the

scalping the market and we
don't want to get too scaled

day trading and swing trading.
We don't need to put ourselves

position traders. Now
personally, as mentioned, I do

Various different market
participants trade in different

psychology and dive into the
learning. Very exciting stuff

approaches. We don't want to
get too scaled in and start

new trader and now it's time to
actually dive into the

there's a quick graphic
reshowing the buy sell limits

go. We've concluded the Forex
foundations. Hopefully you've

in one box and only do one but
these are going to be the most

maybe even years to take some
profits off the table. So, this

trade in real time using a
manual market execution so

past that is a very rare and
large price movement another

buy and sell limits and stops
or we can simply execute a

either wait for an order to be
triggered which would be the

generally we only need to
measure 110 and 100 because

different orders and of course
market execution so we can

ten pip the hundred pip, 000
pip and 10, 000 pips however

example here or USD. We have
different ways to trade

of the key minor trading pairs
listed there at the bottom. So

decreases. When we're trading
we want to measure profits in

trades come in okay so we have
two different main types of

for the first currency to lose
value against the second

trade both ways. We can profit
from price increases and price

currency so that is where these
long and trade long and short

actually read these pips here's
an example of a quote we want

to as the general rule go to
the far right and remove the

those because generally the
pricing is worse, the spreads

fine to trade. There are 14 of
these miners and we have some

final decimal and then we start
from there with the one pip the

trading volume and will provide
us with the best prices the

best spreads and commissions
Now miners are also pretty much

currency pairs we have majors
these are the main currency

Euro USD currency cross where
we get to trade the Euro versus

are worse and they are not so
easy to keep up with. So back

minors and majors are all we
really want to trade. We do

the US dollar. We can both buy
or sell a currency pair when we

and stops

market, okay? So if we have an
overall uptrend, a retracement

will be a pullback to the
downside. So what do we trade

pips which means we need to
keep up to date with how to

to recap on the long and short
methods of trading. We can

have exotics as well but we
don't really need to dive into

pairs like Euro USD USD JPY GBP
USD and USD CHF so these are

the pairs that are traded the
most they have the highest

so for example we need multiple
confluences to enter a trade.

cross. So a currency cross is
something like this. Like the

than the second currency and
when we sell it we are looking

Long and short which refers to
buy trades and sell trades.

and how do we trade them? Well
we know now we trade

buy it we are looking for the
first currency to trade higher

are there to buy and sell. Now
liquidity also hand in hand

where you are in the world,
your time frame might be

also before we move on to the
next topic are pullbacks in the

Confluences which refers to a
reason to enter a trade. Okay

interest and that is a late
night session from 11 PM to 8

AM. So the market terminology
that we need to know before we

Volume and volatility which
refers to the amount of trading

specific area in the market.
How many orders we have waiting

at a specific preset level in
the market. So retracements

about. That is how we measure
changes in currency values.

the and New York session is
where we're really going to

have all the different market
participants, institutional

that are going to be the most
effective. So, trading through

with this referring to how many
buyers or sellers are in a

institutions and trading funds
and then we also have people

participants with the most
money flowing through it. We

market. The Asia session then
will also provide us with some

can trade it anytime, we do
have a few trading sessions

make the most profits and get
the most movements out of the

slightly different but it's
generally open throughout the

get into the course is going to
be pips which we've now spoken

markets are open 24 hours a
day, five days a week. They

close only for the weekend and
that is UK time. So depending

week and we close for the
Saturday and Sunday. We can

activity in a market. The
amount of active traders who

trade through the night, very
flexible market and while we

and rerun over everything real
quick. So, diving into it then.

It's the biggest market in the
world, the most market

market where currencies are
traded against one another.

players like banks, hedge
funds, and financial

trading the market to look to
make a profit. So the forex

trade the markets. Before we do
that though, I just want to

currencies, okay? We trade
pairs of currencies, a currency

conclude the Forex foundations
that we've just spoken about

We've got a good indication of
what trading is, okay? Forex is

markets.

like us, the retail traders,
okay? The individuals who are

the name given to the foreign
exchange market which is a

Right, so it's almost time to
move into the course and

actually start learning my
methods and learning how to