What are the basics of trading Forex for beginners

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I give you a a guide with 25 points that represent the main concepts that you need to learn in order to proceed with your Forex Trading career:

  1. What is the Forex Market;
  2. Currency and currency pairs;
  3. Why do prices move?
  4. Forex sessions and what to know about them;
  5. Leverage;
  6. Margin;
  7. Pip;
  8. Lot;
  9. Spread;
  10. Different types of orders;
  11. Entry point;
  12. Stop loss and Take profit;
  13. Forex Brokers;
  14. Different types of Brokers;
  15. What you should look for when choosing a Forex broker;
  16. Trading platforms;
  17. Different charts;
  18. Technical and fundamental analysis;
  19. Risk management;
  20. Drawdown;
  21. Risk per trade;
  22. Risk to reward ratio;
  23. Correlation;
  24. Psychology behind trading;
  25. Different types of strategies/systems.

You can find all of this online, make sure that the website where you learn these concept from is a reliable one.
If you are interested, I also have a beginners’ course that cover all of this and much more: Forex Trading: Your Complete Guide to Get Started Like a Pro.

The link redirects you to the page with a 95% discount.

What after this? Now you know everything you need to know to face the market, but you need a strategy. Do you prefer automated systems? Do you like to analyze each market scenario? Do you prefer something in between like semi-automated strategies?
Once you master the first 25 points, you will know better what kind of trader you are and what kind of strategy may suit you better.

 

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