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INTRO TO FOREX

INTRO TO FOREX . By: Life By Design Group. Forex is an abbreviation for the Foreign Exchange The Forex market is the largest financial Market in the world We are all participants A Forex transaction takes place simply when one currency is traded for another. What is FOREX?.

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INTRO TO FOREX

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  1. INTRO TO FOREX By: Life By Design Group

  2. Forex is an abbreviation for the Foreign Exchange • The Forex market is the largest financial Market in the world • We are all participants • A Forex transaction takes place simply when one currency is traded for another. What is FOREX?

  3. FOREX – $5.3 Trillion per day NY Stock Exchange - $22 Billion per day Forex vs. NY Stock exchange

  4. Commercial Banks • Central Banks (ex: Federal Reserve) • Large Commercial Companies • Governments • Retail Traders Major MARKET PARTICIPANTS

  5. Markets are open 24 hours a day, 5 days a week • Small account sizes to start (brokers allow minimums as low as $25) • Ability to enter and exit trades at any time • Leverage, which allows small accounts to potential gain large returns Advantages of Trading Forex

  6. Learn to read the charts • The market repeats itself • Impulse, correction… • Choose your strategy • Catch pips (movements) • Make withdrawls HOW Money is made?

  7. Establish The Trend

  8. Establish The Trend

  9. FIND KEY LEVELS

  10. MAP IT OUT

  11. EXECUTE

  12. WITHDRAW • 1,320 PIPS total • .01 Lot size = $132 • .10 Lot size = $1,320 • 1.0 Lot size = $13,320

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