Tutorial do forex pdf

Tutorial de Negociação Forex para Iniciantes.
Faça Forex Trading Simples.
Anotação.
O que é negociado no mercado Forex? A resposta é simples: moedas de vários países. Todos os participantes do mercado compram uma moeda e pagam outra por ela. Cada comércio Forex é realizado por diferentes instrumentos financeiros, como moedas, metais, etc. O mercado de câmbio estrangeiro é ilimitado, com o volume de negócios diário atingindo trilhões de dólares; as transações são feitas via Internet em segundos.
As principais moedas são cotadas em relação ao dólar americano (USD). A primeira moeda do par é chamada de moeda base e a segunda é citada. Os pares de moedas que não incluem USD são chamados de taxas cruzadas.
O Mercado Forex abre amplas oportunidades para os recém-chegados aprenderem, comunicarem e melhorarem as habilidades de negociação através da Internet.
Este tutorial Forex destina-se a fornecer informações completas sobre o comércio Forex e tornar mais fácil para os iniciantes se envolverem.
Confirme a teoria.
Noções básicas de negociação de Forex para iniciantes: participantes do mercado, vantagens do mercado Forex Moeda negociação características: técnicas de negociação on-line do forex uma amostra de real comércio análise métodos Forex Guide: Top 5 dicas para orientá-lo.
Negociação Forex.
Qualquer atividade no mercado financeiro, como negociação Forex ou análise do mercado requer conhecimento e base forte. Qualquer um que deixe isso nas mãos da sorte ou do acaso, acaba com nada, porque negociar on-line não é sobre sorte, mas é sobre prever o mercado e tomar decisões corretas em momentos exatos. Comerciantes experientes usam vários métodos para fazer previsões, como indicadores técnicos e outras ferramentas úteis.
No entanto, é muito difícil para um iniciante, porque há falta de prática. É por isso que trazemos à sua atenção vários materiais sobre o mercado, negociação de Forex, indicadores técnicos e assim por diante, para que possam utilizá-los em suas atividades futuras.
Um desses livros é "Faça Forex trading simple", que é projetado especialmente para aqueles que não têm nenhuma compreensão do que o mercado é sobre como usá-lo para especulações. Aqui eles podem descobrir quem são os participantes do mercado, quando e onde tudo acontece, confira os principais instrumentos de negociação e veja um exemplo de negociação para a memória visual. Além disso, inclui uma seção sobre análise técnica e fundamental, que é uma parte essencial da negociação e é definitivamente necessária para uma boa estratégia de negociação.
Inscreva-se agora.
Materiais educativos gratuitos.
Curso de Treinamento Online.
Licença, Autorização e Regulação:
© IFCMARKETS. CORP. 2006-2018 A IFC Markets é uma corretora líder nos mercados financeiros internacionais que fornece serviços de negociação Forex on-line, bem como CFDs de futuros, índices, ações e commodities. A empresa vem trabalhando constantemente desde 2006 atendendo seus clientes em 18 idiomas de 60 países em todo o mundo, em total conformidade com os padrões internacionais de serviços de corretagem.
Aviso de risco Aviso: Forex e negociação de CFDs no mercado de balcão envolvem riscos e perdas significativos que podem exceder seu investimento.
IFCMARKETS. A CORP. É incorporada nas Ilhas Virgens Britânicas sob o número de registro 669838 e é licenciada pela Comissão de Serviços Financeiros das Ilhas Virgens Britânicas (BVI FSC) para realizar negócios de investimento, Certificado No. SIBA / L / 14/1073.
A IFC Markets não fornece serviços para residentes nos Estados Unidos e no Japão.
Aviso de Risco: Os CFDs são produtos alavancados e podem resultar na perda de todo o capital investido. Por favor, considere nosso Aviso de Divulgação de Risco.

Tutorial de Forex para Principiantes (PDF)
Hacer el Forex Trading Simples.
¿Qué se intercambia no Forex? A resposta é simples, as divisões de diferentes países. Todos os participantes do mercado compreendem uma divisa e pagam por ella por otra divisa. Cualquiera operación en el mercado Forex se efectua com instrumentos financieros-pares de divisas (por ejemplo, EURUSD). O mercado Forex não tem limites, o comércio com o volume total de transações de milhões de dólares realiza-se diariamente, as operações são executadas pela internet em 1 segundo.
Geralmente, as divisões são cotadas contra o dólar de EE. UU (USD). La primera divisas del par se denomina divisa base, la segunda-divisa cotizada. Existen pares de divisas que não tienen USD: tales pares de divisas se denoman par pares cross.
O mercado Forex oferece as melhores oportunidades para a aprendizagem, comunicação e aperfeiçoamento das habilidades de comércio na Internet.
Este tutorial está disponível para obter informações sobre como obter informações sobre o comércio no Forex e para facilitar a participação dos principiantes.
Básicos do Forex: Participantes do mercado, Investir no Forex Particularidades de Divisas Múltiplas de Real Trading Métodos de Análise Top 5 consejos para Guiarle.
Comércio Forex.
Cualquier actividad en mercado financiero, como o comercio Forex a análise do mercado requiere e uma base fuerte. Cualquiera that deja in manos de suerte of the azar, complete sin nada, porque o comercio en línea no es una cuestión de suerte, sino es necesario predecir los movimientos del mercado y tomar decisiones correctas no momento exacto. Los costumes con experiencia usan different methods for your predicciones, tales taislinedeting and otras herramientas útiles.
Não obstante, é muito difícil para um iniciador, porque o seu fardo de falta de experiência. Por exemplo, é uma empresa que atua no mercado de mercadorias, comercio Forex, ânglaces técnicos, etc., de modo que os usuários usam em futuras atividades futuras.
Uno de tales libros es “Faça Forex trading simple” que está diseñado especialmente para as pessoas que não conhecem o mercado e usem o papel para as especulações. Você pode encontrar as crianças que estão participando do mercado, e todas as coisas estão no lugar, revisar os principais instrumentos e ver algunos ejemplos de comercio para a memória visual. Adicionalmente, está incluído uma seção sobre a análise técnica e fundamental, que é uma parte essencial do comercio e do que é realmente necessário para uma estratégia de comércio.
Suscribirse ahora.
Matriales educativos gratis.
Curso online de treinamento.
Libros de Forex.
Métodos de depósito:
Licencia, Autorización y Regulación:
© IFCMARKETS. CORP. 2006-2018 IFC Markets é uma empresa líder no mercado financeiro internacional que oferece serviços de comércio online de Forex, assim como CFDs sobre futuros, índices, acciones e materias primas. La compañía is trabajando com o ano desde 2006, prestando serviços a um cliente em 18 países de 60 países do mundo, em conformidade com as normas internacionais de serviços de comunicação.
Advertencia on Riesgos: El comercio en Forex y con Contratos por Diferencia (CFD) no mercado OTC implica riesgos para as suas despesas excedentes à máxima inversão.
IFCMARKETS. CORP. Está localizada em Las Islas Britânicas bajo o número de registro 669838 y está licenciado para a Comissão de Serviços Financeiros das Ilhas Virgens Britânicas (BVI FSC) para operações de inversão, Certificado No. SIBA / L / 14/1073.
IFC Markets no oferece serviços para moradores dos Estados Unidos.
Advertencia de Riesgo: los CFDs filho productos apalancados y pueden resultar na perda de todo o capital invertido. Por favor considere nuestra Declaração de Divulgação de Riesgo.

Tutorial Forex: O Mercado Forex.
O mercado de câmbio (forex ou FX) é um dos mercados mais empolgantes e em ritmo acelerado. Até recentemente, a negociação forex no mercado de câmbio tinha sido o domínio de grandes instituições financeiras, corporações, bancos centrais, fundos hedge e indivíduos extremamente ricos. O surgimento da Internet mudou tudo isso, e agora é possível para os investidores médios comprar e vender moedas facilmente com o clique de um mouse através de contas de corretagem on-line.
Flutuações monetárias diárias são geralmente muito pequenas. A maioria dos pares de moedas movimenta menos de um centavo por dia, representando uma mudança menor que 1% no valor da moeda. Isso faz do câmbio um dos mercados financeiros menos voláteis da região. Portanto, muitos especuladores monetários dependem da enorme alavancagem para aumentar o valor dos movimentos potenciais. No mercado forex de varejo, a alavancagem pode chegar a 250: 1. A alavancagem mais alta pode ser extremamente arriscada, mas por causa da negociação ininterrupta e da liquidez profunda, os corretores de câmbio têm conseguido fazer da alta alavancagem um padrão do setor para tornar os movimentos significativos para os traders de câmbio.
A extrema liquidez e a disponibilidade de alta alavancagem ajudaram a estimular o rápido crescimento do mercado e tornaram o local ideal para muitos traders. Posições podem ser abertas e fechadas em minutos ou podem ser realizadas por meses. Os preços das moedas baseiam-se em considerações objetivas de oferta e demanda e não podem ser manipulados facilmente, porque o tamanho do mercado não permite que até mesmo os maiores participantes, como os bancos centrais, movam os preços à vontade.
O mercado forex oferece muitas oportunidades para os investidores. No entanto, para ser bem sucedido, um comerciante de moeda tem que entender o básico por trás dos movimentos de moeda.
O objetivo deste tutorial forex é fornecer uma base para investidores ou comerciantes que são novos para os mercados de moeda estrangeira. Abordaremos os fundamentos das taxas de câmbio, a história do mercado e os principais conceitos que você precisa entender para poder participar desse mercado. Também nos aventuraremos em como começar a negociar moedas estrangeiras e os diferentes tipos de estratégias que podem ser empregadas.

Estratégias de Negociação Forex para Iniciantes [ULTIMATE GUIDE]
Índice.
Introdução:
O Elite Forex Trading é um site voltado para ensinar iniciantes a aprender sobre a negociação forex e tornar-se rentável a partir do primeiro dia.
Simplificando, criamos centenas de traders lucrativos de longo prazo através de nosso treinamento gratuito e, para os traders mais experientes, há tutoriais em vídeo pagos em tempo real.
Se você é novo em negociação forex este será o artigo mais importante que você leu este ano.
Se você quiser fazer 7-10% ao ano, isso não é para você.
Ir e se divertir no mercado de ações ou entrar em imóveis e lidar com os inquilinos para o resto de sua vida.
Mas se você quiser saber como eu pessoalmente ganhei 5% por mês nos últimos 3 anos, continue lendo.
Se você quer aprender a negociar a rentabilidade do forex, mas não sabe por onde começar, você veio ao lugar certo.
Neste post, estaremos falando sobre tudo que você precisa para começar a partir do capital inicial, psicologia, mentalidade, sistemas, ferramentas, estratégias e muito mais. Este é um post extremamente aprofundado, mas depois de ler este e nosso ebook (à direita), você terá uma compreensão clara de como negociar rentável. Todos os 100% de graça! Então vamos mergulhar!
Os princípios básicos da negociação Forex.
Este post é todo sobre troca de moeda para iniciantes, alguns de vocês podem já conhecer algumas dessas informações, mas à medida que avançamos no guia, você pode encontrar novas dicas e técnicas que você não tinha nenhuma ideia!
Então, vamos começar!
O mercado de câmbio ou o mercado de câmbio é um dos mercados de investimento mais rápidos do mundo, com mais de 5 trilhões de dólares negociados todos os dias!
FX pode ser altamente lucrativo para indivíduos e empresas que podem prever até mesmo mudanças mínimas em pares de moedas. Bancos, governos e até mesmo países inteiros participam de operações de Forex, mas você provavelmente é visto como um operador individual que busca ganhar liberdade financeira através dos mercados.
Deixe-me dizer uma coisa agora, é possível.
Mas a questão é que a maioria dos novos corretores entra nos mercados sem ter o conhecimento correto e perder muito dinheiro.
De fato, as estatísticas mostram que 95% dos comerciantes perdem dinheiro nos mercados, enquanto apenas 5% realmente ganham dinheiro.
É também o mercado mais volátil do mundo, mas passa por períodos de consolidação em que, por semanas a um indivíduo médio, nenhuma mudança de preço acontecerá, embora em períodos de tempo mais curtos ainda haja movimento e volatilidade. do que os comerciantes profissionais de fx lucram.
Períodos de Tempo & amp; Tipos de bate-papo.
Há muitos períodos de tempo para negociar forex.
Primeiro, há diferentes tipos de gráficos e tabelas que mostram os mesmos pares de moedas, mas em diferentes períodos de tempo.
Por exemplo, um gráfico pode mostrar o movimento em intervalos de 5 minutos. Isso significa que uma vela inteira mostra 5 minutos de dados. Isso é chamado de gráfico de 5 minutos. Abaixo está uma captura de tela da minha conta que mostra cada vela como quatro horas de dados.
Outros exemplos comuns são os gráficos de 15 min, 30 min, 1 hora, 4 horas, 8 horas, 1 dia, semanal e mensal. Embora o meu favorito seja o 4 por hora, vamos falar sobre o porquê mais adiante neste guia.
Geralmente, o tipo de profissional que você é dependerá do período de tempo que você mais estuda. A estratégia que você criar dependerá de vários elementos:
Seu capital inicial Quanto tempo você tem que trocar. Quanto você quer fazer (% de crescimento da conta por mês)
Mas não se preocupe com isso, mas falamos sobre tudo isso mais adiante no guia.
Como regra geral eu gosto de olhar apenas entre 15min e o diário com meu foco principal no gráfico de 4 horas.
Moedas tendem a mudar apenas minimamente em uma base diária, mas como explicado no artigo do forex, com alavancagem você pode criar lucros de alta porcentagem diariamente, se não de hora em hora, em mudanças mínimas de moeda.
Moedas ou posições (quando você compra ou vende uma moeda) podem ser mantidas por minutos até anos e a frequência com que você negocia depende inteiramente do que você está tentando realizar tanto a curto quanto a longo prazo, e a estratégia que você estabeleceu.
A alavancagem é um método pelo qual os indivíduos podem depositar uma quantia fixa (digamos US $ 10.000, por exemplo) e negociar com uma quantidade maior utilizando alavancagem. Por exemplo; um nível de alavancagem de 10: 1 permitiria que esse indivíduo comercializasse US $ 100.000 de fundos. Uma alavancagem de 50: 1 permitiria que esse indivíduo negociasse com meio milhão de dólares em fundos.
Alavancagem pode ser muito lucrativa ou muito perigosa.
Mas no final do dia só faz 1 coisa.
Isso é acelerar aonde quer que você esteja indo.
Se você perder toda a sua conta, a alavancagem ajudará você a obter a maior rapidez.
Se você tivesse um lucro substancial, a alavancagem ajudaria você a obter o lucro mais rápido.
Isso também é incrivelmente importante quando chegamos à parte de capital inicial & amp; margem.
Para não complicar muito isso agora (como você realmente não precisa), lembre-se do seguinte:
Alavancagem é importante, mas pode ser perigosa se abusada. Isso torna o gerenciamento de bankroll muito mais importante & amp; Risco para recompensar os rácios e impedir as perdas essenciais (mais uma vez, não se preocupe, cobriremos tudo isso mais tarde).
Os mercados de câmbio são extremamente estáveis, uma vez que os preços das moedas são baseados na oferta e na demanda, que não podem ser facilmente manipulados, mesmo milhões investidos pelos bancos não podem mover os preços muito. Como resultado, os mercados podem fornecer tanto fontes de lucros a curto como a longo prazo, mas há uma série de princípios básicos que os indivíduos devem conhecer antes de começar a negociar nos mercados monetários.
Como regra geral, lembre-se do seguinte: empresas maiores (bancos, países, etc.) tendem a manter pares de moedas por períodos mais longos, já que movimentam quantias tão grandes (100s de milhões) e, portanto, estão menos preocupadas com menores flutuações no mercado. mercados.
Demora muito mais tempo para entrar e sair de posições, a menos que uma notícia maciça seja divulgada.
Entenda citações, pares de moedas e o PIP.
Quando você considera começar a negociar Forex, especialmente se você é um iniciante, as cotações, gráficos e montanhas de dados podem parecer assustadores.
Cada cotação de moeda será avaliada em relação a outra moeda. Assim, o preço será sempre exibido como: Moeda1 / Moeda2 = Preço. Por exemplo, a maioria das plataformas ou corretores geralmente exibe preços semelhantes aos abaixo, (fonte da imagem).
A moeda base é sempre igual a 1 unidade, neste caso você pode vender 1 euro por 1,4745 USD.
Há vários pares de moedas principais. Estas são as moedas maiores que são negociadas umas contra as outras. fonte de imagem.
Cotações Diretas vs Indiretas.
Os pares de moedas podem ser cotados direta ou indiretamente.
Uma cotação direta é simplesmente onde a moeda nacional é cotada primeiro, enquanto uma cotação indireta é simplesmente onde a moeda doméstica é o valor cotado.
Geralmente, será bastante óbvio que moeda é geralmente mais forte. Por exemplo, se você ver 1,30 em um par de moedas de libra esterlina você saberá que isso é em referência a £ 1 = $ 1,30 e não vis-versa, salvo qualquer colapso econômico isso não vai mudar.
Em seguida, vamos delinear a métrica pela qual o sucesso é medido na negociação forex.
PIPs & amp; A propagação (importante)
A diferença entre os preços de compra e venda é chamada de spread.
A maioria dos corretores de forex não costumam receber comissões ou cobrar para negociar nos mercados fx. Em vez disso, eles ganham dinheiro pelo spread em uma moeda.
O spread é medido em pontos ou PIPS. No exemplo acima, o quarto ponto decimal indica o spread e a diferença é de 3 pips (52 a 55) e, portanto, o spread é de 3 pips.
O pip em si é a menor fração mensurável pela qual uma moeda pode se mover (tecnicamente também há outro movimento menor chamado tick é 1/10 de um pip, mas não medimos o movimento em ticks, pois é como medir ganhos em pontos de um centavo, isso não importa!
Spreads podem variar para moedas diferentes, mas a maioria dos pips tendem a ser a quarta casa decimal de um par de moedas. Nos principais pares de moedas, os spreads serão mais apertados, mas em pares de moedas menos negociados, os spreads serão maiores para mitigar o risco do corretor.
Tudo isso realmente significa é o seguinte: Se você estiver olhando para fazer um grande volume de negócios, certifique-se de manter os principais pares caso contrário, você estará pagando um spread premium em todas as negociações (pense nisso como um imposto.)
Horário de Abertura dos Mercados Forex.
Na hora de abertura do dia, os mercados forex são incrivelmente ativos e a maioria dos grandes negócios feitos por grandes empresas, governos, bancos e corporações financeiras é feita. Este não é o momento ideal para investir se você é um novato na negociação fx.
Eu recomendaria esperar e trocar durante o dia, quando as flutuações são menos violentas, mas você precisa de algum movimento nos mercados que acontecem, especialmente se você estiver olhando para ter lucros em uma base diária.
Em um mercado onde os preços não estão mudando, não há como lucrar.
Os tempos de abertura do mercado forex estão abaixo (fonte da imagem)
A caixa de ferramentas do Forex.
Forex trading é feito on-line instantaneamente (ou perto o suficiente de qualquer maneira). Portanto, é importante ter as ferramentas mais eficientes para permitir que você obtenha todas as vantagens nas informações e sinais ou sistemas que você pesquisa.
Dizendo que geralmente há apenas duas coisas que você precisa:
Um corretor - Nós temos um post completo sobre quais corretores recomendamos AQUI. Uma estratégia - essa é uma maneira ampla de dizer "como você vai negociar". É difícil saber qual estratégia usar, especialmente se você for um trader iniciante, mas entramos nisso mais tarde, então não se preocupe ainda.
Não se preocupe com nenhuma ferramenta adicional.
Qualquer coisa que “especialistas” digam que você precisa é mentira! Há mais alguns elementos que eu recomendo, como alavancagem, treinamento profissional, software de sinais e estratégias de back-testado, mas ler este post e obter nosso ebook livre lhe dará todas as informações que você precisa para começar.
Uma coisa que eu recomendaria é cercar-se de pessoas bem sucedidas e não Sayers. Se eu tivesse escutado os pessimistas, não estaria onde estou hoje.
Atualmente estamos construindo um na EFT, mas é apenas para traders avançados em setembro de 2017. Mas observe o espaço que estamos procurando para construir um novato focado em um futuro próximo!
Agora que as informações básicas estão fora do caminho, é hora de entrar nos métodos, técnicas, sistemas e estratégias reais que usamos para lucrar com o mercado.
Vamos começar.
Forex Trading Online Para Iniciantes & # 8211; Aprenda como negociar lucrativamente do dia 1!
Fundamentos vs Análise Técnica.
Ao negociar FX existem alguns métodos que, quando combinados, levam a traders de longo prazo altamente lucrativos.
Uma das chaves para aprender forex trading é entender que existem dois elementos fundamentais para a negociação; fundamentos e análise técnica.
Análise técnica.
Análise técnica é o que você aqui na maioria das vezes quando você procura por dicas de forex para iniciantes e afins.
Estas são as técnicas que envolvem Fibonacci, retracement, formações de padrões básicos e avançados, suporte e resistência e qualquer tipo de análise matemática, é isso que faz toda a diferença, os traders mais rentáveis ​​do mundo são aqueles com as melhores habilidades de análise técnica. .
Todas as nossas estratégias de negociação baseiam-se principalmente em análises técnicas com ênfase na estrutura, momentum e preço.
Mais sobre estas minas de ouro absolutas depois.
Analise fundamental.
Os fundamentos, por outro lado, são as maiores flutuações geralmente causadas por notícias.
Por exemplo, isso pode ser mudanças na taxa de juros, anúncios políticos, indicadores econômicos, inflação e até mesmo coisas como a guerra ou a ameaça de guerra para um país.
Todos estes elementos têm um impacto maciço no país e, portanto, têm um impacto muito grande no preço de uma moeda.
Estes são o que causam quedas e aumentos maciços em um par de moedas. Por exemplo, as capturas de tela abaixo mostram o gráfico diário quando o Brexit aconteceu no Reino Unido em 2016.
Quando reunidos, os fundamentos e a análise técnica podem fornecer uma estratégia comercial muito concreta. Confiar em um ou outro provavelmente fará você lucrar, mas entender por que um mercado está se movendo da maneira como está, ajudará você a ter uma ideia do que precisa acontecer para que ele se mova para o outro lado.
Quanto mais você souber sobre os fundamentos, mais fácil será a análise técnica.
Este é um ponto muito importante:
Você só precisa estar ciente dos fundamentos.
Abaixo está minha estratégia real sobre ficar ciente dos fundamentos & # 8230; ..
Trata-se de olhar para o calendário forex em forexfactory e, em seguida, basta dizer & # 8211; Oh vai ficar de olho nisso por 5 minutos & # 8230 ;.
Na EFT não negociamos estratégias de negociação fundamentais! Eu aconselharia que você também não.
Redes financeiras maiores irão negociar mais com base em dados fundamentais, pois há um impacto maior em seus resultados.
Comerciantes individuais como eu (e provavelmente você está lendo este post) podem olhar para prazos mais curtos (15 min - 1 dia), onde os fundamentos têm menos impacto em nossas estratégias de negociação.
Lembre-se que geralmente não há notícias a cada hora que afetem uma moeda, mas entender o que certos anúncios fazem com uma moeda é essencial mesmo que você negocie em um gráfico de tempo baixo, já que você não quer ser parado em uma peça. de notícias que não terão relevância no dia seguinte (isso é chamado de pico).
Se você negociar menos de US $ 200.000 em cada negociação individual, não poderemos ler notícias e fundamentos em demasia.
Quer descobrir que tipo de profissional você é? Leia.
Tipos de comerciantes.
Existem centenas de tipos de traders. As maiores diferenças vêm no gráfico de tempo que você usa para sua negociação. Se você está mantendo posições por vários dias ou semanas de cada vez, geralmente você é chamado de um comerciante do balanço.
Este é alguém que está olhando para fundamentos, bem como análise técnica, mas está olhando para fazer menos negócios, mas ganhar uma quantidade maior de PIPs por comércio, pois eles estão dando ao mercado mais tempo para se mover e, portanto, querem uma margem de lucro mais elevada . & # 8221;
Do outro lado da escala, você pode ter um trader intradiário de 15min-1h, esses são indivíduos que procuram entrar e sair do mercado no mesmo dia, geralmente olhando para os gráficos de 15 minutos ou 1 hora.
Depois, há comerciantes que estão no meio e que ocupam posições em qualquer lugar, de algumas horas a alguns dias. Isso geralmente é chamado de day trading, mas às vezes se confunde com o comércio entre dias.
Isso é o que eu recomendo para a maioria dos traders olhar para o day trading ou swing trading, especialmente se você tiver um emprego em tempo integral ou um negócio para ser executado e não tiver tempo de olhar para os gráficos e procurar por set-ups. , estruturar e realizar sua análise técnica.
Uma vez que você se torna mais eficiente, você terá menos tempo para analisar o mercado e, portanto, você pode ser capaz de reduzir o tempo que você negocia, mas para um novato absoluto, eu recomendaria aderir aos prazos mais elevados.
Quando comecei, disse a mim mesma que começaria com isso e passaria para o comércio entre dias. Porque parece mais glamouroso, lucros mais rápidos, dentro e fora etc etc. Mas eu nunca fiz. Hoje em dia raramente olho para o gráfico de 15 minutos e o 4HR é meu melhor amigo.
Outra maneira de categorizar um comerciante é pela estratégia que eles negociam.
Por exemplo, alguns indivíduos podem apenas negociar contra tendências, o que significa que eles estão procurando o ponto em que um mercado irá girar. POR EXEMPLO. Se um mercado altista começar a girar, eles procurarão entrar no mercado e tomar uma posição de venda.
Considerando que outros comerciantes só podem negociar com a tendência, procurando razões por que um preço continuará a aumentar / diminuir. (Estes são criativamente denominados traders de continuação de tendência & # 8230 ;.)
Nota rápida: Um mercado de alta é simplesmente um mercado onde o gráfico de moeda está indo para cima, um mercado de baixa é onde o gráfico de moeda está indo para baixo. Isso geralmente é chamado de tendência de alta ou tendência de baixa e é apenas a direção geral que o mercado está tomando. [fonte da imagem]
Mais uma vez, outro estilo de negociação é trocar padrões (embora tenha cuidado com isso). Eu prefiro usar ação de preço para isso.
Por exemplo, alguns traders procurarão set-ups específicos em diferentes pares de moedas e procurarão “razões para entrar”. Tudo isso significa que eles estão procurando por ações específicas para entrar em uma negociação.
Isso é muito comum no comércio entre dias e dias. Geralmente, esses padrões e estratégias baseiam-se em ver os níveis de suporte e resistência e tomar decisões instruídas (com risco correto de recompensar as proporções). Mas abordaremos todos os diferentes tipos de negociação e como começar cada uma delas posteriormente no guia .
Trading Psychology & amp; Mentalidade.
Negociar psicologia é algo que mata 99% dos novos traders.
Este é o único parágrafo mais importante deste guia. Então, se você não tomar mais nada daqui, então pegue o seguinte!
Não são suas estratégias ou sistemas e, em alguns casos, não é nem mesmo o gerenciamento da sua conta bancária (mais sobre isso em um segundo), mas sim como eles agem quando passam por uma "fase ruim" ou até mesmo boas listras em algumas circunstâncias.
A mentalidade é a chave para o sucesso que merecia um post inteiro sobre ele próprio. (que está aqui)
Tom Pessoal Nota: Isso é tão importante que eu realmente contratei e trabalhei com um treinador de mentalidade por 3 meses. Nesse período, minha lucratividade, produtividade e felicidade geral aumentaram drasticamente. É tão importante assim!
Quando falamos de psicologia e mentalidade cambial, não estamos falando apenas de ser uma “pessoa positiva”, que é uma compreensão muito básica e pobre do que a psicologia realmente é.
Em vez disso, estamos falando sobre o nível mais profundo do que acontece quando você comete um erro, ou mesmo quando você segue sua estratégia testada e comprovada, mas faz 10 transações perdidas seguidas! Eu fiz isso, eu fiz 12 derrotas consecutivas e tenho certeza que alguns dos maiores traders do mundo fizeram mais que isso!
Mas como você reage e lida com isso é incrivelmente essencial, e se sua mente está no lugar errado, você NÃO será um profissional bem-sucedido. Eu recomendo que você leia o artigo completo ligado aqui, mas o básico dele está abaixo.
Gestão de banca - Não coloque mais de 2% do seu saldo em uma negociação. Qualquer coisa mais é uma maneira rápida de perder todo o seu dinheiro. Apostar apenas 2% (na verdade, eu ensino 1% no máximo) é uma maneira de manter seu bankroll alto e até evitar grandes perdas se você passar por uma fase ruim. Temos um guia completo sobre gerenciamento de bankroll aqui.
Nota pessoal do Tom: Por favor, por favor, por favor, entenda a importância da declaração anterior. O gerenciamento de bankroll é a diferença entre os traders bem-sucedidos e as pessoas que simplesmente jogam seu dinheiro fora. É a diferença entre se você vai fazer forex trading sua vida e viver como você provavelmente só sonhou, ou se você acabou de jogar todo o seu dinheiro fora. Lembre-se de que os jogadores também ganham a curto prazo, mas o estilo de vida deles nunca muda? # 8230 ;.
O princípio estóico - O princípio estóico afirma (estou parafraseando aqui): não é o resultado que importa, mas a ação. Por exemplo, quando se trata de negociação forex - não é se o seu negócio foi rentável ou uma perda, mas foi por que razão você fez esse comércio em primeiro lugar. Distancie-se dos trades o máximo possível e não se envolva emocionalmente em nenhuma posição que tenha, independentemente de quão forte possa parecer a princípio.
Também é importante lembrar que não somos criaturas racionais. Assim, os mercados podem se mover com base em dados irracionais. O preço de mercado nem sempre é "certo", na verdade, na maioria das vezes, é extremamente supervalorizado ou sub-vendido.
É assim que é, por isso não se preocupe se fizer alguns ofícios ou até alguns erros na sua estratégia. Mantenha sua mente clara e a psicologia forex correta e você ficará bem!
Lembre-se do seguinte!
Mitos Forex.
OK, agora que a seção de mindset está fora do caminho, vamos dar uma olhada em alguns mitos sobre o forex.
Você pode ficar rico rápido / fácil - Você provavelmente já ouviu isso um milhão de vezes antes, mas "quando algo parece bom demais para ser verdade, provavelmente é." Agora isso é provável, nem sempre, uma distinção muito importante na negociação forex. Mas lembre-se que leva 10.000 horas para se tornar um especialista em qualquer coisa. As chances são de que se você está lendo um artigo sobre negociação forex para iniciantes, você ainda não investiu 10.000 horas. (Mais sobre este princípio aqui.) Você não pode ficar rico - Esta é exatamente a situação oposta. Não subestime você mesmo. Se você ficar disciplinado, você vai ganhar dinheiro negociando. Eu vejo muitas pessoas se contentando com 7% ao ano com suas ações ou 10% ao ano nos mercados imobiliários. Você pode ganhar muito dinheiro negociando forex. Utilizando o gerenciamento correto do bankroll, estratégias, seguindo as pessoas certas, aprendendo enquanto você utiliza e aproveitando a alavancagem, não há razão para que você não possa fazer 50% ao ano com uma estratégia de baixo risco. Eu realmente fiz as contas sobre isso (muito), confira a nossa "quanto de capital eu preciso para começar" postar mais sobre isso.
6 pontos-chave para lembrar - principais Forex Trading Tips para iniciantes.
Antes de entrarmos nas verdadeiras técnicas da negociação fx, quero passar por alguns dos pontos-chave que acredito que você deveria saber. (Nós ainda não somos técnicos! Não fuja, está tudo bem comigo!)
Isso é algo que atualizarei regularmente e algo que, se você não souber uma palavra / frase ou teoria específica, precisará pesquisá-la imediatamente. Apenas Google, leia por 30 segundos e você será bom!
Pare Perdas.
É provável que você já saiba o que são as perdas, mas para quem não o fizer; Um stop loss é um indicador de negociação que você coloca quando está iniciando uma negociação.
Digamos que você compre EUR / USD esperando que o preço aumente em 50 PIPs.
Mas o que acontece se o preço começar a diminuir? O que fazes, então?
Bem, é por isso que colocar em stop loss é tão importante.
Stop loss permite que você seja automaticamente “parado” de um trade (por uma perda de rumo) quando o preço chegou a um certo ponto.
Então diga que você comprou em 1.09355, e você definiu um stop loss em 1.09255. Se o preço atingisse esse valor de 1,09255, você seria suspenso do mercado por uma perda de 10 pip.
Sempre sempre use sempre as perdas de parada. Se você não tiver permissão para participar de qualquer treinamento comercial futuro que produzamos. (Sério, nós expulsamos as pessoas de treinamentos pagos por não usar stop loss)
A parte complicada do curso é definir suas perdas de parada corretamente, como com muitos comércios, assim que você é parado o preço gira e atinge as metas que estabelecemos…. Então, definir as perdas de parada nos pontos certos é incrivelmente importante.
Os pontos em que você os definiu dependerão do seguinte:
Geralmente, você quer garantir um risco de recompensa de pelo menos 1: 1, este é meu risco pessoal para recompensar a taxa, mas eu recomendaria isso para todos, especialmente para novos operadores iniciantes (mais sobre risco versus recompensa mais tarde).
Tom Nota pessoal: Risco vs recompensa é apenas o seu stop perdas na proporção de seus lucros. Por exemplo, se eu tivesse um stop loss de 50 pips e uma meta de take profit de 50 pips seria uma relação de risco versus recompensa de 1: 1. Se eu tivesse um stop loss de 50 pips e um take profit de 100 pips seria um risco de 1: 2: recompensa. De um modo geral, quanto melhor o risco de recompensar, melhor será o comércio. (Isso é 1 risco por X recompensa. Certifique-se de que X é maior que 1 em cada caso).
Movendo perdas de parada.
Outro conceito muito importante.
Quando uma negociação começa a subir para uma determinada posição (a posição depende da sua estratégia), você vai querer passar suas perdas com ela. Então, se o mercado se virar antes de você ter atingido suas metas de lucro, então você não terá prejuízo no negócio.
Mover e redefinir as perdas de parada, quando e por que fazer isso é uma estratégia muito difícil e geralmente só virá com tempo ou educação. É uma das habilidades difíceis de ensinar sem experiência.
Abaixo, você tem uma ideia de como o risco versus recompensa funciona em uma entrada pulback.
Nunca mova as perdas para baixo.
Você nunca deve mover suas perdas de parada MAIS BAIXAS do que você inicialmente colocou, se você estiver parado, não se preocupe, apenas procure por outra configuração de comércio e cumpra seu plano!
Quando entramos nos negócios, sabemos as nossas perdas e obtemos lucros antes de entrarmos.
É assim que calculamos o risco para recompensar as taxas e como calculamos nosso risco de conta de 1%.
Mover as perdas para baixo quebra todas essas regras e, portanto, NÓS NÃO FAREMOS! Peguei punk!
Take Profits (metas)
Então, agora sabemos por que definimos stop loss (para garantir que saímos de um mercado no ponto correto), mas o que acontece quando o preço sobe da maneira que queremos?
Quando saímos do mercado com lucro?
Você tem permissão para mover os lucros, mas apenas maior (mais lucro) nunca menor.
Eu chamo isso de "ter lucros", mas eles também são chamados de alvos.
Geralmente, quando você entra em uma negociação, você terá uma idéia de onde o preço irá, geralmente isso é baseado em sua análise técnica e na estrutura anterior de um gráfico de preços.
Quando você está olhando para ter lucros, lembre-se que você pode ter múltiplos alvos.
Por exemplo, se você acha que um preço vai subir para o ponto X, mas você também acha que haverá uma grande chance de que ele suba para um preço ainda mais alto "Y", então você pode olhar para pegar os primeiros alvos no ponto X (para 50% da sua posição) e segundos alvos no ponto “Y” para os 50% restantes.
No exemplo abaixo, se encurtássemos o mercado (vendemos) dos pontos de seta vermelha e parecessemos ter 2 take profit ou targets, colocá-losíamos no intervalo destacado.
A chave quando se trata de metas é estabelecê-las (bem como parar perdas) antes mesmo de entrar em uma negociação.
Por exemplo, se eu estou procurando entrar em uma negociação quando a ação do preço atinge o ponto X. Eu quero saber minhas perdas e meus lucros antes mesmo de considerar a abertura dessa posição.
No exemplo acima eu usei estrutura para essas posições e (este é um trade que nós realmente tomamos) nós conseguimos acertar os dois take profit 1 e 2 para um lucro saudável.
A diferença entre sua posição de abertura e suas perdas de parada é o valor máximo que você está disposto a arriscar.
Em nossa estratégia de negociação, isso equivale exatamente a 1% da sua conta de negociação. Portanto, se tivermos uma conta de negociação de US $ 100.000, nosso stop loss deve ser igual a US $ 1.000 se for atingido.
E é claro que esse número deve mudar um pouco para cada novo negócio.
Por exemplo, se você lucrar com uma negociação, sua próxima perda de parada será um pouco mais & # 8221; mas se você perder um negócio, o próximo será um pouco "menos".
A diferença entre o seu stop loss, vamos chamar isso de "X" neste caso. E a quantia que você quer lucrar (a diferença entre o preço que você comprou e o seu nível de lucro) é “Y”. Sua recompensa de risco x é então: X / Y.
Você sempre quer que X / Y seja sempre igual a 1 ou acima, eu gosto de ter uma recompensa de Risco versus R $ 1,2, pois isso significa que eu só preciso estar correto. 50% do tempo para fazer um grande lucro a cada mês.
Risco vs recompensa.
Forex trading em geral, um grande jogo de risco vs recompensa. Se você assumir por um minuto que a negociação forex foi 100% aleatória e que, independentemente da análise, havia 50% de chance de o mercado subir e 50% de chance de que ele caísse (AKA lançando uma moeda).
Agora, se você constantemente tivesse um risco versus recompensa de 1: 1, isso significaria que você nunca teria lucro e também nunca faria uma perda. Porque (ao longo do tempo) todos os comércios se nivelariam.
Observação: no momento, estou ignorando a disseminação do seu corretor para tornar esse exemplo amigável para os novatos.
Continuando com o nosso exemplo de coin flip, e se você pudesse de repente fazer 2 unidades de lucro enquanto apenas arriscar 1 unidade?
Então, uma taxa de recompensa 2: 1? Em um mercado que é totalmente aleatório (AKA 50% de qualquer forma) de repente você tem uma vantagem enorme no mercado e seria um comerciante incrivelmente rico e bem sucedido.
Este exemplo descreve duas coisas:
O gerenciamento de bankroll é incrivelmente importante - porque mesmo com uma margem enorme de 2: 1, você ainda iria falir e explodir todo o seu bankroll se você passasse por um período ruim. Você ganha muito mais dinheiro com uma proporção maior de risco versus recompensa (tudo o mais é igual). Então, isso é geralmente o que eu pessoalmente procuro e o que eu ensino as pessoas a procurar também.
Isso significa que temos uma alta recompensa e um baixo risco! É uma ótima mistura quando temos ótimos processos de análise técnica também!
Esta é também a forma como os comerciantes podem perder 60, 70 até 80% dos seus negócios, mas ainda ganhar dinheiro!
Porque quando eles prevêem corretamente o movimento do mercado, eles podem ter uma proporção de 10: 1.
Significa que eles só precisam estar “certos” 10% do tempo para equilibrar suas negociações e qualquer coisa acima de 10% e ganhar dinheiro!
Pessoalmente, não gosto de procurar posições 10: 1, mas quero ver pelo menos 1,2: 1 na maioria das minhas posições. Ou pelo menos um 1: 1 para os primeiros alvos.
Variação & amp; Reversão para a Média.
Variância e reversão para a média são dois elementos muito importantes para se lembrar na negociação fx.
A variância é simplesmente uma palavra chique para dizer “sorte” se você jogasse uma moeda 50 vezes, então você esperaria 25 caras e 25 caudas, mas como nós sabemos que você provavelmente não tem isso, você pode até ter 35 caras e apenas 15 caudas e isso não seria considerado muito "estranho", pois há uma amostra tão pequena de dados.
A porcentagem de cabeças neste caso é de 70%. Mas se você jogou uma moeda 5.000 vezes. Em seguida, é mais provável que os dados sejam iguais a 50% cada, esse é um princípio chamado reversão à média. Isso pode ser visto em quase tudo na vida e não apenas na negociação.
Embora seja algo que os iniciantes não precisam se preocupar muito, você deve estar ciente disso, pois a reversão para a média tem a capacidade de fazer com que os traders “surpreendentes” pensem que são incapazes de fazer uma negociação perdedora, mas lembre-se que a sorte mesmo fora (variância) e quando isso acontecer você precisa garantir que você ainda tem a sua vantagem. Se você tem uma recompensa de 1,5: 1: arrisque e faça 10 negociações lucrativas seguidas que são ótimas!
Mas o que acontece quando você perde os próximos 10 seguidos?
Se você é disciplinado e entende o gerenciamento do bankroll e a reversão para a média, então você não ficará preocupado porque ainda estará tendo lucro!
Manter a disciplina é incrivelmente importante quando acontecem altos e baixos, o que para os comerciantes bem-sucedidos é simplesmente chamado de variação.
Em seguida, entraremos na questão GOLDEN.
Quanto capital você precisa para começar?
Outra questão que me fazem muitas perguntas é "quanto preciso começar". Também escrevi um post sobre isso, mas queria responder rapidamente aqui.
Assumindo o seguinte: Você entende os mercados, entende a análise técnica e os fundamentos, tem uma boa estratégia, você é disciplinado, entende por que os mercados se movem e você tem o gerenciamento e a mentalidade corretos - Então a resposta é simples, tanto quanto você puder.
A maioria das pessoas (pessoas pobres em geral) nunca assume riscos suficientemente grandes.
Eles não vão all-in, então eles sempre têm uma saída para o caso de dar errado.
You might think this is good but its actually the quick way to stay poor because you will never be 100% committed to something you do – Burn the boats principle.
If you had your entire life savings, all credit you’ve ever had, all future earnings, your kids college funds and your car in a trading account, I’m guessing you would be more careful, disciplined and profitable than if you only had a few thousand.
The reason for this is simply because you don’t have a way out!
If you lose all your capital in example 1 then you have nothing, if you lose it in example 2, although a few thousand dollars/pounds might be a lot of money for you, it’s not going to change your day to day life that much. And that is the major issue most people face – They don’t trust themselves enough.
Personally, if you have anything less than $10k to invest then you need to go get a job first and hustle until you have this $10k figure. I like starting with this and when we start our forex training we will be starting with a $10k figure. So if you need to go out and get $10k to invest go and do it.
MAS & # 8211; I also recommend starting with only $500 when you want to do one thing – Confirm theories and build confidence.
Tom Personal Note: You may think this is contradicting and counter intuitive BUT it’s actually the perfect strategy. Deposit $500 in an account today. Educate yourself, learn, test, fail, back-test, succeed. That might take 2-3 months. And build confidence. When you have consistently built a strategy to earn 5% a month. Deposit your starting amount.
Mas aqui está o kicker & # 8211; In this time you can also be saving and hustling to get this money together. Work as hard as you possibly can, overtime or in business. Get to a point where you can invest $10k. It will be the single greatest decision of your life and will (in time) give you true financial freedom.
Pay the price today so you can pay any price tomorrow.
All coaching clients are required to start a new trading account with $500 in, no more and no less. These are the same people that have paid $5,000+ for the one on one coaching.
They usually look at me like I’m crazy but it removes one thing – emotion!
You want to be emotionless in trading, if you lose a trade – cool, if you win a trade – cool, if you lose 10 in a row – cool, if you win 100 in a row – legal. Zero emotion.
With such a low amount of money you can look at technical analysis in a different way and make a higher amount of money. If anyone is interested in one on one coaching you can fill out an application form here.
I also recommend you never put more into an account than you can afford to lose. If you do then you are asking for trouble, but you also remove the compound effect.
This is not boring maths, this is money maths! (Yes I say maths because I’m British)
If you can make 50% profit per year from trading (which is the low end you should be aiming for). Then you can be a millionaire in about 12 years with $10k starting balance assuming you don’t touch your money. And that’s not net worth of 1 million that’s 1 million in the bank ! (Well trading account but its cash that you can take out and use whenever you want!) (This is excluding tax though.)
If you do the maths based on more what we aim for on a month to month basis of 5% (which we actually did in a full article over here) then you’d be looking at roughly a million in year 7-8 based on a starting investment of £10,000 (or dollars or AUD or whatever currency you want!) – The maths is very interesting, I’d recommend checking out that post.
Estratégias & amp; Systems – The Real Stuff (Newbie Friendly)
So now that all the introduction stuff is out of the way we can look into the actual strategies and systems that we can use to generate a profit from the markets.
A few notes before we get started: There are thousands of methods to make profitable trades but we are always looking for causation , what causes a market to produce a specific result.
In the next few chapters I am going to be talking about not only the methods that I recommend and a few basic trading strategies to get started, but I am also going to be talking about how to build your own strategy which is where you can build massive amounts of wealth.
Method 1 – Follow the Experts.
This method is very very simple, all you are going to do is trade when your specific “expert” says to trade. Now this is the easiest way to make a profit through fx and let me explain why.
Most people think that when an expert does a live trading room or an over-the-shoulder trading session that they aren’t going to be implementing the techniques they use themselves. This is utter BS.
The issue arises when beginners follow individuals who claims to make “1000% ROI in a month” – They draw the imaginary line to “If I can just make 1/10 th of that then I can double my money.”
And hence people pay to follow these “experts” who are in fact scammers and eventually lose all their capital.
Instead you need to follow experts that have a proven track record and look for around 5% ROI a month. This is what we are personally developing in the coming months, a trading room for beginners, where they can actually make money from simply following our personal trades!
Tom Personal Update : Hey guys, we still aren’t here yet but getting closer by the day. By 2018 this could be a real possibility. Instead we built the First Forex Profits guide but will talk about that later in this post.
It’s a win-win for us and the trader! Once they see they can actually make money from fx the hope is they will go onto method 2/3/4 and create their own strategies and really scale their trading. This is coming very soon, watch the space!
But until then you need to start from strategies that already exist and follow guides (such as this one) that explain exactly how to trade forex.
An expert you trust. Correct bankroll management. Time to follow these experts on daily basis. Starting capital.
But there is a huge huge drawback to this and it’s probably obvious…. You aren’t learning that much and your wealth is based on someone else.
If they stopped tomorrow then you would have no way to make any additional income, that’s a massive problem and one of the reasons I actually don’t recommend this strategy to everyone. Some people it works great for, others it’s better to do it yourself!
Method 2 – Fundamental strategies.
If you remember our earlier notes on forex trading strategies for beginners we talked about the difference between fundamental trading strategies and technical analysis.
Method 2 we are going to look into is the fundamental strategies. This is when you look for pieces of news that will affect the currency prices.
Now I’ll come out and say I do not have any fundamental only trading strategies .
I personally think it is quite difficult to trade as you need to judge how the market will move based on specific pieces of news.
Personally I wouldn’t recommend this to beginners but if you are interested then there is a good article on fundamental strategies here.
But if you want to learn forex trading FAST and make profits quicker fundamentals are not actually the way, instead look into structured trading and learn to trade forex based on technical analysis.
Method 3 – Structure Trading (This is the Way I started Making 5% a Month)
This is my personal favourite strategy (although our systems actually involve multiple variations including mixing structure trading, price action, psychology, momentum and reasons for entry.)
Structure trading is identifying the points on a currency pair that are structure. This means where support and resistance are.
Resistance is where the market is having a tough time in breaking through (to the buy/bullish side) and Support is where the market is having a tough time breaking through the sell side or bearish side. The image below explains this very well, it’s from babypips.
The below image shows what it looks like in the market (again image from the same source)
Support and resistance levels are constantly moving.
This means that when you are looking to draw these into the market they will be constantly changing.
Support and resistance levels are generally the best places to sell or buy a currency as they usually provide a solid foundation for the market to move.
Mix this with “reasons for entry” (which we will get onto later) and you have a very strong and very simple trading strategy that is the entire basis for our First Forex Profits students.
When a support or resistance level is broken it is usually broken by a single large candle . This means that it took a lot of buyers/sellers to break through this level properly and this shows the support level was legitimate.
There are also certain levels of strength when it comes to support and resistance.
There can be weak levels that don’t need as much velocity to be broken through and stronger levels that usually need an extreme amount to be broken.
When you draw these levels correctly onto a price chart it will give you a great idea on what is going to happen in a market.
Below is an example for the basics of support/resistance. We can see the very strong levels in the yellow box where despite the market touching this level multiple times it cannot break through and close lower, as a result after trying on 3 separate occasions it then start to move up. This is a trade we actually took in 2017 on the GBP/USD.
So how can we make money from this? Well I want to keep everything very simple but I will outline a very simple theory you can use below, we go more in-depth into this with our First Forex Profits students but the basic outlined version is below.
I decided to actually embed a video below from the First Forex Profits course to show you just how effective this is. (This might not make sense just yet, do not worry it is only used as an example once you understand the entire course and process, which can be found here for anyone interested.)
Structure Trading Strategy – Um exemplo.
First you need to identify potential support and resistance. In this example [below] we are looking at the GBP/USD on the hourly, the screenshot below. (All screenshots from: dailyfx/gbp-usd)
As you can see when we saw our huge bullish movement on the 18 th /19 th April 2017 we had a slight stop followed by a large candle. Interesting but no support yet. But looking across when the market re-tests this level we see the market test it once on the 20 th and again on the 22 nd and 23 rd . And the market has not broken this level, which makes it a very strong support level. This means we now have a basic theory – We will buy (bullish) when the price comes down into this zone AND we have a reason for entry.
Now a quick note on reason for entries, these can vary for everyone but in this example, I’m going to use something very simple, I’m simply going to look for double test or double bottom. Now we actually took this trade as I mentioned above on the red dot, as you can see we timed this nicely to follow the move back up. But you could have got in at about 5 other points after we were in this trade!
Another reason why we entered this trade is because the fundamentals were on our side and the overall long term trade movement. The GBP is very oversold at the moment. By the end of 2017 this will be back over 1.33 against the dollar and hence the overall movement is to the buy side.
This is why just being aware of the fundamentals (even if you don’t trade them) is pretty important.
The screenshot above shows where we got into this trade (the red spot) after a second test, we got it at: 1.2765 at about 15.00 on 21 st . And we almost hit first profit targets 7 hours later but ended up just missing out. On Monday 24 th we again almost hit our target 1 (Stop losses were set at 1.2735 (30 pips below our initial entry). And then eventually we hit target 1 at 1.2840 on Tuesday 25 th (This is the red line) When this happened we moved our stop losses up slightly on the remaining position (to the position we entered on originally.)
RE-READ THE ABOVE and UNDERSTAND THIS!
Second targets were set at the top of the previous high (green line on chart) which we hit again a few days later for a nice profit on both target 1 and target 2.
Target 1s: 1.2735 to 1.2840 = 95 Pips Target 2s 1.2735 to 1.2900 = 165 Pips.
Now not all trades are going to go as well as this but remember what we said earlier in the article about risk vs reward. In this case our risk (stop losses) was 30 pips and our reward was 90+ Pips. That’s a 3:1 reward:risk. Once we hit our first targets we moved our stop losses back up to even protecting the profit we had made already meaning if the price did go down then we would have closed out where we entered at 1.2765.
This is the essence behind the First Forex Profits structured trading course, you want to look for positions where you expect support and resistance to hold and bounce back to one another.
Momentum is another key element to a successful trade. If a pair goes up (buy/long) very fast, this shows a lot of strength and momentum. If we then see a pullback by this pair that takes a long time and is very slow and shallow (if the initial move is 100% and the pullback only 20%) then we know the strength is still with the buy side and we should be looking to get a long.
You also want to understand the way the market is going generally too though. If you can catch the larger move, instead of having a 1.5:1 or 2:1 reward to risk, you can get a 5:1 or even a 7/8:1.
If you are looking at the GBP vs USD we think the GBP will get stronger over time and hence taking buy positions is generally better but this does depend on how long you are looking to hold the position for.
If it is only for a few hours or even a day then the overall fundamental direction of the currency isn’t going to have much of an impact on your decision.
But in this case we were looking to hold this position for a lot longer, in-fact we are still holding it at this current point in time, the profit in PIPs is currently sitting at 382. Not a bad Risk to reward…..
Basic Formations.
I’m not a huge fan of pattern trading. Although patterns are semi-effective trading mediums they seriously limit your ability to grow your account.
For example a basic ABCD pattern formation requires 4 elements to be in place before you pull the trigger on a trade. This means the market must (roughly) follow your specific guidelines, as soon as you are waiting for the market to do something before anticipating you are in trouble.
Instead looking for basic formations with support, resistance and structure is the way to go if you are specifically interested in that trading method, but I’m not going to teach it in this guide as I do not fully believe in it.
Advanced Formations.
“Learn how to trade forex like a pro” & # 8211; The advanced formations. I say formations as calling these patterns is a very dangerous way to look at trading. Sure you might be able to make 20-30% a year from knowing patterns but you won’t be able to generate that exponential wealth, the type of wealth that gives you true freedom . Advanced formations are great when they align with structure (as are basic pattern formulations [image from profitf]
Advanced formations are things such as the Cipher and Gartley. BUT they have one main issue. They are still patterns.
Which means they are incredibly ineffective in the market.
Instead you should be looking to build strategies that are evergreen (meaning you can profit from them forever) this can only be done by using your analysis of a price chart.
If it could be automated people would have built robots to allow them to trade (they have tried) but this simply is not possible (not yet anyway.)
Reason(s) for Entry.
There are a number of reasons for entry into a trade.
Remember reasons for entry should be things that add strength to a position and not just to get in if your reason for entry occurs. These should be add-ons only!
The first is the confirmation of a theory. As previously mentioned this could be a double top or double bottom.
That’s a nice mini formation that helps people time their trades better. I like to look for these on the 15 minute or hourly charts as waiting for a double top or bottom on a 4 hours chart can take days (literally). When you have a strong position or theory you should be looking for confirmation NOT reasons to avoid the trade.
Tom Personal Note : Nowadays I actually don’t look on lower time-frames for entries unless I’m really really interested in a trade that might explode at any second. Missing a potentially profitable trade is better than getting in too many trades and OVER-TRADING (Which is something we’ll get onto later too.
Another reason for entry that I love is simply a lower low, lower close candle (or higher high, higher close candle) this is simply where you are waiting for the smaller time-frame to show you the market has started moving in this direction. [image from fxstreet]
Another reason for entry is using a specific type of candle. I like looking for different types of candles on the one hour or four hour time frame.
These should only be used when all other analysis points to this direction of movement and not just solely on their own.
The strongest types of candles are hammers and shooting stars. Without getting too complicated into exactly when and how these should look just know that they look like the below image [from stockcharts]
When you merge a number of these reasons for entry that’s when you get the strongest signal to trade. For example a double top mixed with an inverted hammer for example.
Don’t worry if this is getting complicated so far just re-read and remember to research around the site for specific principles that you think will be helpful to you.
Also do not forget to get our forex basics ebook in the sidebar, it’s 100% free and will put you on the right course to being a successful trader from day 1. And if you have the basic knowledge already pick up the First Forex Profits course and starting earning 5%/month today!
Correlação de Moeda.
I don’t want to get too technical in this beginner post, but there is something called currency correlation.
This is where currencies tend to do similar things to one another. For example if one currency decreases the other might also decrease, or if one increases another might decrease as a direct result.
Without over-complicating this, it is possible to earn 5-7 times more on trades simply by using currency correlation. There is a good tool on Oanda that shows you the currency correlation elements. It should look like the below image.
Not sure why it’s spelt “currensee” but whatever.
In the above example we use the heatmap settings and are selected to use EUR/USD as our baseline currency. So for example if EUR/USD is strong and increasing (EUR getting stronger against USD and the market moving up) then we can see that EUR/JPY would also move up. As would EUR/CHF. But GBP/CHF would be a slight decrease and we can see the time differences and the strength of correlation too.
The deeper the red the stronger the correlation.
Beginner Trading Traps.
Trap 1 – Mais de negociação.
When you first start trading you will have the forex bug.
Everything will look like a potential trade and the worst part is you’l take all of these trades too. The fear of missing out on one of these opportunities will lead to overtrading.
It’s the FOMO of trading!
This is easily the biggest trap most beginners fall into.
Remember we are looking for only the best trading opportunities. The ones that can make us 5-10% ROI on our money each and every month!
Missing a potentially unprofitable trade actually is a skill in itself.
If anything seems off about a trade then DON’T TAKE THAT TRADE!
É tão simples quanto isso.
I know that probably sounds over dramatic but it’s the truth.
There is a technique I really like called the 3 and out technique.
This was initially designed for micro pace trading and more geared towards intra-day trading but the principles can be applied to us too as day traders.
This involves having a maximum of 3 trades a day. We are only allowed to enter 3 trades That’s not 3 trades across 1 currency pair, that’s 3 total.
You’d make pretty sure each trade was a potential winner in both profitability and risk and reward ratios if that were the case.
Trap 2 – Trading Too Big (Or Small)
Another trap I see all the time is ignoring your personal bankroll management because “your just getting started” or “I’ll take it seriously when I deposit the real money”
This is a really bad habit to get into for a number of reasons but they should all be pretty clear.
Trading too big and you’ll blow your account.
Trading too small and your not fully committed to your strategy.
This is wealth building we’re talking about now! Not some game.
Trap 3 – Looking for the “perfect system”
Looking for the golden strategy that if only I could earn 40% a month or if only I could make 20 trades a day. These do not exist. If they did then you wouldn’t be hearing about them!
This trap comes in many forms.
The most common is “perfect systems” & # 8211; Usually promoted by someone who doesn’t know what they are talking about.
These are the ads you probably see promising 50% ROI in a day with a very low risk trading strategy.
The funny thing is these can be proven. I can go into a new trading account and double my money on the first day, it’s actually possible, especially with leverage and short time-frame trading. But the next day I can try to do the same and lose everything.
That’s not trading, that’s just gambling!
I don’t gamble. I bet on sure things or as close as I can get to sure things.
When my trades align I’m all in on them (well 1% of bankroll all in)
Don’t fall for these trading traps.
Don’t fall prey to the hype either. If you can make 50% a year forever you will be an incredibly successful and rich trader.
That’s about 4% a month by the way. Very possible.
Creating Your Own Strategy.
Above are the major technical analysis elements involved in successful forex trading for beginners. But of course, there is always more to learn and creating your own strategy is the pinnacle to successful trading.
That’s what we aim to teach at Elite Forex Trading and what we hope individuals implement as soon as possible. There are a few ways to do this that are very simple.
One of the most effective (this is assuming you have all the basic knowledge of forex trading, including finding support and resistance levels) is to mix multiple theories and a reason for entry to create a single system. For example if we look at support and resistance we have our basic principles of trading.
We can then only trade these when they align with Fibonacci or a certain type of pattern. When all 3 elements are in place a.) Fib, b.) Structure and c.) Pattern then we can look for our 4 th element, which is of course a reason for entry. Although I hate Fib and patterns so don’t personally do this!
This is the best technique for traders who are making too many trades . For example if you are looking at all trading types and systems and trying to make each one you will likely have too many opportunities, leading to making mistakes or even just poor bankroll management.
Avoid Information Overload!
Too much information is a bad thing. Simple theories work best, but if you can keep your theory simple but ensure it meets 2/3/4 criteria this is how you develop a very powerful and profitable trading strategy.
Let’s assume you have your trading strategy, you think it’s all good and you’re ready to start trading. Should you just dive in?…. NÃO!
You need to back-test your strategy or system . You should do this for any “expert” that claims to have a great strategy too.
Let’s say they specialise in trend reversal theories , when 3 elements are in place that includes a double bottom (the theory itself doesn’t matter at this point), the next step before you ever start trading this strategy is to back-test whether the results they are claiming (usually involves making a lot of money) are true.
This is very easy to do, but it does take time. Below is the process.
Back Testing a Forex Trading Theory.
Below are the exact processes I use when I have a new theory that potentially can be profitable.
Remember theories can be for one specific currency pair, or for a group, the key element is that you are disciplined when you are looking back through previous data and do not MISTAKE correlation for causation.
The tools I recommend to back test a strategy are excel and tradingview.
I decided to record a separate video for the process of back-testing. This is below.
Theory Requirements.
Once you have your theories you will likely have a lot that either work or do not. There are 3 key elements that you 100% have to ensure in all successful theories.
1.) Better than 1 to 1 Risk Reward.
This should be a given by now before you even start back testing a theory. You never want to lose more than you win when its 50/50.
If you are then you have to get into Kelly criterion on how much you should place per trade and that’s when things start to get very very complicated. If you are a beginner forex trader you should try to keep everything as simple as possible.
2.) The 100 or 1,000 trade set-up Test.
That sounds time consuming, right?
But it’s the truth, you need to go through 100 all the way up to 1,000 trade set-ups to have a real qualified theory.
I like to do 1,000 over the last 2 years and across 5 major currency pairs.
All pairs act and react differently which means you should individually track each one and if you find 4 were profitable and 1 was a loss, then only dig into the data from the 4 profitable ones and look for correlating pairs.
For example, if you noticed EUR/USD was potentially a very profitable pair with your selected theory you would want to also test EUR/JPY to confirm this.
Do not assume though and do a small number of set-up test checks, this is confirmation bias and is the quickest way to lose thousands in your trading.
3.) The Understanding That Past Results Do Not Equal Future Profits.
Just because you’ve found a strategy that can potentially profit 3-5% a month or 50-100% a year doesn’t mean that you are guaranteed these results.
Nor does it mean that the theory is going to revert to the mean either (go back the other way completely.)
Understand that sometimes correlation is not caused by the causation you thought it was . In each of your specific examples or theories they may have been other aspects at play in the market.
Meaning the conclusion that you drew MAY not actually be the correct one.
But generally speaking if you have element 1 and 2 in place this will drastically decrease any potential loses and in most cases you will likely make a small profit just not as large as you initially thought.
How To Build Strategies to Back Test?
So how do you know what to look for?
What strategies to build and back test? – That’s the golden question.
The answer is you can build them yourself but honestly, it’s very time consuming and difficult to do especially if you are a beginner.
Instead what I would recommend is you sign up to one of our training webinars or mini courses to allow you to make your first few profitable trades.
Once you have those under your belt you can start to look into building your own.
What Next? & # 8211; Join The Movement!
This is the sole reason why we build First Forex Profits to help people profit from forex trading from day 1 . Even if you are an absolute beginner. If you have understood everything so far, this is the next step for you!
If you haven’t understood some of the information here its time to-evaluate, but don’t worry, we have you covered! We’ve built a free ebook that goes through the most basic of forex in even more detail than I’ve gone through in this forex guide, from what forex actually means and stands for, all the way through to the terminology used by traders. This will give you the platform you need to start your forex journey.
“First Forex Profits is the single greatest investment I ever made in my forex investment journey. I took a shot as I really like EliteForex’s and Tom’s approach to trading, 3 months later and I hit my SECOND 5%+ ROI month. This course delivers what it promises. I have no idea what Tom and the team will charge in the future but if it’s anything under $5,000 then pick up a copy now! & # 8211; Dino Santis.
Luckily it is quite a bit under $5,000, coming in at only $97. The price of a nice meal out. Is financial freedom worth that? If it is then pick up the course HERE and I’ll see you on the inside!
Conclusão.
Forex trading is not easy when you first start. If you are looking to make 100% a month on your money then this is not for you.
If you are looking to slowly improve your trading skills and utilise knowledge and leverage correctly to make 5-10 and even 20% a month on your money then we can teach you how to do this. Join the Elite Forex Trading team today and take action on your financial future. The next step is the First Forex Profits Course – Clique aqui para se inscrever.
Thanks for reading and I look forward to seeing you.

InvertirEnBolsaWeb.
Comunitar sobre comércio em espanhol.
Manual Forex.
Autor: emontero Publicado em: Instrumentos de Inversão Sin comentarios.
Se quer aprender um inversor em Forex, o mercado de divisas que a sua vez é o mais importante e mais activo do mundo, você quer a lição deste manual de Forex elaborado por o boker online Almirante Mercados.
Este manual de Forex lleva por título & # 8220; Introducción al Trading en Forex: O mercado mais grande do mundo em seu escritorio & # 8220 ;. No se tudo de um curso completo de Forex é um programa básico que ajuda a entender o Forex, porquê Programas de Forex e os fundamentos básicos para inverter no Forex como os preciosos, os pares de divisas, os pips , lotes, horas para inverter, plataformas de negociação, corretor elegir on-line de Forex, as demonstrações de lucro e as contas reais, & # 8230;
Recomendamos a leitura deste manual de Forex como um jogo para a maioria dos conceitos básicos que precisam ser contados antes de fazer uma inversão e ter uma forma simples e fácil de entender.
Contenidos del manual de Forex:
A extensão do livro de 20 páginas é dividida nos seguintes temas principais:
Titulo: Introducción al Trading em Forex.
& # 8211; Capítulo 1: Conhecimentos básicos sobre Forex: ¿Qué es el Forex? ¿Quién invierte en Forex? ¿Cuando-se de operar em Forex ?.
& # 8211; Capítulo 2: Operações para os nossos Negócios Forex: A liquidez, o investimento no mercado Forex frente a mercados de inversão, a possibilidade de operar desde a parte superior, os custos de transação por transação (spreads) e o apalancamiento.
& # 8211; Capítulo 3: Descobrir as funções dos mercados no mercado Forex: Os pares das divisões e das suas divisões mais importantes, a possibilidade de um longo período no mercado, o aumento da demanda, o lucro e os tipos de contratos o lotes estándar, mini y micro.
& # 8211; Capítulo 4: Este capítulo do manual de Fores aprender está disponível para o comércio en forex: O intercambio de divisas ao contatar e os CFDs, como tomar decisões e elaborar estratégias de negociação em bases de dados fundamentais, todas as análises em qualquer análise. del sentimiento.
& # 8211; Capítulo 5: Criando um plano para o programador no Forex: Descobrir a importância do investimento em um plano de negociação, será uma gestão adecuada do dinheiro e uma gestão da psicologia da negociação de investimentos em Forex.
& # 8211;













































as diferenças entre as vendas de demonstração e as vendas reais.
& # 8211; Capítulo 7: Na parte inferior da página de recomendações de versões de Forex, outros manuais, recursos para a análise e mais informação ampliada.
¿Cómo descargar o manual de Forex?
Pulsa en en el siguiente enlace y accederás à la descarga directa del manual: DESCARGAR MANUAL DE FOREX.
Se trata de um manual em formato PDF, que pode abrir o arquivo para visualizar a versão do Adobe Acrobat Reader ou o programa compatível para a leitura de documentos PDF. O tamanho é de 10,40 Mb ea descarga se realiza de forma direta e segura desde a página web de Admiral Markets.
Como posso obter uma inversão no Forex?
O que é necessário para a leitura do manual de Forex pode abrir um formulário de demonstração com um corretor on-line de Forex e as informações sobre a plataforma de negociação.
Puedes abrir una cuenta demo con Admiral Mercados o con algún otro de los brokers de forex que hemos analizado.
& iquest; Te ha gustado este art & iacute; culo?
Te seremos muy agradecidos e nos ayudas a difundirlo con tus Tweets, Curtir o + 1s & iexcl; Muchas Gracias!

Forex Trading Strategies For Beginners [ULTIMATE GUIDE]
Índice.
Introdução:
Elite Forex Trading is a website geared to teaching beginners how to learn forex trading and become profitable from day 1.
Put simply we create hundreds of long term profitable traders through our free training and for the more experienced traders out there a real time paid video “over the shoulder” tutorials.
If you are brand new to forex trading this WILL be the most important article you read this year.
If you want to make 7-10% a year this is NOT for you.
Go and have fun in the stock market or get into real estate and deal with tenants for the rest of your life.
But if you want to learn how I’ve personally made 5% a MONTH for the past 3 years then please continue reading.
If you want to learn how to trade forex profitability but don’t know where to start you’ve come to the right place.
In this post we will be talking about everything you need to started from starting capital, psychology, mindset, systems, tools, strategies and more. This is hugely in-depth post but after reading this and our ebook (on the right) you will have a clear understanding of how to trade profitable. All 100% for free! So let’s dive in!
The Forex Trading Basics.
This post is all about currency trading for beginners, some of you may already know some of this information, but as we progress through the guide you might find new pointers and techniques you had no idea about!
Então, vamos começar!
The currency market or Foreign exchange market is one of the most rapidly changing investing markets in the world, with over 5 trillon USD traded everyday!
FX can be highly profitable to individuals and companies that can predict even minimal changes in currency pairs. Banks, governments and even entire countries participate in Forex trading, but you are probably hear as an individual trader looking to earn financial freedom through the markets.
Let me tell you something right now, it is possible.
But the issue is most new traders rush into the markets without having the correct knowledge and lose a lot of money.
In fact stats show that 95% of traders LOSE money in the markets whilst only 5% actually make money.
It is also the most volatile market in the world but does go through periods of consolidation where for weeks at a time to the average individual no price changes will be happening, although on shorter time periods there will still be movement and volatility these price movements are what professional fx traders profit from.
Time Periods & Chat Types.
There are many time periods on which to trade forex.
First there are different types of charts and graphs that show the same currency pairs but on different time frames.
For example one chart may show the movement on 5 minute intervals. This means that one entire candle shows 5 minutes worth of data. This is called the 5 minute chart. Below is a screenshot from my account which shows each candle as 4 hours worth of data.
Other common examples are the 15 min, 30 min, 1 hour, 4 hour, 8 hour, 1 day, weekly and monthly charts. Although my personal favourite is the 4 hourly , we will talk about why later in this guide.
Generally the type of trader you are will depend on the time period that you study the most. The strategy you build will depend on a number of elements:
Your starting capital. How much time you have to trade. How much you want to make (% account growth per month)
But do not worry about this yet we talk about all of these later in the guide.
As a general rule I like to only look between 15min and the daily with my primary focus on the 4 hour chart.
Currencies tend to only change minimally on a daily basis, but as explained in the what is forex article, with leverage you can create high percentage profits daily, if not hourly, on minimal currency changes.
Currencies or positions (when you buy or sell a currency) can be held for minutes all the way up to years and the frequency at which you trade is entirely dependent on what you are trying to accomplish both long and short term, and the strategy you have established.
Leverage is a method by which individuals can deposit a set amount (say $10,000 for example) and trade with a larger amount utilising leverage. Por exemplo; a 10:1 leverage level would let this individual trade with $100,000 of funds. A 50:1 leverage would allow this individual to trade with half a million dollars worth of funds.
Leverage can either be very profitable or very dangerous.
But at the end of the day it only does 1 thing.
That is speed up wherever you are going.
If you were going to lose your entire account then leverage helps you get their faster.
If you were going to make a substantial profit, leverage helps you get their faster.
This is also incredibly important when we get to the starting capital part & margem.
To not complicate this too much now (as you really don’t need to) just remember the following:
Leverage is IMPORTANT but can be dangerous if abused. This makes bankroll management that much more important & Risk to Reward Ratios and stop losses essential (again don’t worry we cover all of this later.)
The currency markets are extremely stable , as currency prices are based off supply and demand, which cannot be easily manipulated , even millions invested by banks cannot move prices very much. As a result the markets can provide both long and short term sources of profits, but there are a number of basics that individuals should know before starting trading in the currency markets.
As a general rule remember the following: larger corporations (banks, countries etc) tend to hold currency pairs for longer periods of time as they are moving such large amounts of money (100s of millions) and hence are less concerned with smaller fluctuations in the markets.
It takes them a lot longer to enter and exit positions unless a massive piece of news comes out.
Understand Quotes, Currency Pairs and the PIP.
When you first consider starting to trade Forex, especially if you are a complete beginner, the quotes and graphs and mountains of data can look pretty daunting.
Every currency quote will be valued against another currency . Hence the price will always be displayed as: Currency1/Currency2 = Price. For example most platforms or brokers will generally display prices similar to below, (image source).
The base currency is always equal to 1 unit, in this case you can sell 1 euro for 1.4745 USD.
There are a number of major currency pairs. These are the larger currencies that are traded against one another. image source.
Direct vs Indirect Quotes.
Currency pairs can either be quoted directly or indirectly.
A direct quote is simply where the domestic currency is quoted first, whereas an indirect quote is simply where the domestic currency is the quoted figure.
Generally it will be pretty obvious which currency is generally stronger. For example if you see 1.30 on a pound dollar currency pair you will know this is in reference to £1 = $1.30 and not vis versa, barring any economic meltdowns this will not change.
Next we are going to outline the metric by which success is measured in forex trading.
PIPs & The Spread (IMPORTANT)
The difference between the bid and ask prices is called the spread .
Most forex brokers don’t tend to take commissions or charge to trade in the fx markets. Instead they make their money by the spread on a currency.
The spread is measured in points or PIPS . In the above example the 4th decimal point indicates the spread and the difference is 3 pips (52 to 55) and hence the spread is 3 Pips .
The pip itself is the smallest measurable fraction by which a currency can move (Technically there is also another smaller movement called a tick this is 1/10th of a pip but we don’t measure movement in ticks as it’s like measuring earnings in points of a cent, it doesn’t matter!)
Spreads can vary for different currencies but most pips tend to be the 4th decimal place of a currency pair. In the major currency pairs the spreads will be tighter, but in less traded currency pairs the spreads will be larger to mitigate the risk of the broker.
All this really means is the following: If you are looking to make a high volume of trades, make sure you stick to the major pairs otherwise you will be paying a premium spread on all trades (think of it as a tax.)
Forex Markets Opening Times.
In the opening hour of the day the forex markets are incredibly active and the majority of large trades by big companies, governments, banks, financial corporations are done. This is not the ideal time to invest if you are a newbie to fx trading.
I’d recommend waiting and trading throughout the day when the fluctuations are less violent but you DO NEED some movement in the markets happening especially if you are looking to take profits on a daily basis.
In a market where prices aren’t changing, there is no way to make a profit….
The forex market opening times are below (image source)
The Forex Toolbox.
Forex trading is done online instantaneously (or close enough anyway.) So its important to have the most efficient tools to allow you to get every advantage on the information and signals or systems you research.
Saying that there are generally only 2 things you need:
A Broker – We have a full post on what brokers we recommend HERE. A strategy – This is a broad way of saying “how you are going to trade.” It’s difficult to know what strategy to use especially if you are a beginner trader, but we get onto this later so do not worry yet.
Don’t worry about any additional tools.
Anything that “experts” say you have to have is a lie! There are a couple more elements I recommend such as leverage, professional training, signals software and back-tested strategies but reading this post and getting our free ebook will give you all the information you need to get started.
One thing I would recommend is to surround yourself with like minded successful people and not nay Sayers. If I had listened to the naysayers I would not be where I am today.
We are currently building one at EFT but it is only for advanced traders as of September 2017. But watch the space we are looking to build a newbie focused one in the near future!
Now that the baseline information is out of the way its time to get into the real methods, techniques, systems and strategies we use to profit from the market.
Vamos começar.
Online Forex Trading For Beginners – Learn How To Trade Profitably From Day 1!
Fundamentals vs Technical Analysis.
When trading fx there are a couple of methods that when combined lead to highly profitable long term traders.
One of the keys to learn forex trading is to understand there are 2 core elements to trading; fundamentals and technical analysis .
Análise técnica.
Technical analysis is what you here most of the time when you search for beginner forex tips and the like.
These are the techniques that involve Fibonacci, retracement, basic and advanced pattern formations, support and resistance and any kind of mathematical analysis, this is what makes all the difference, the most profitable traders in the world are the ones with the best technical analysis skills.
All our trading strategies are primarily based on technical analysis with an emphasis on structure, momentum and price action.
More on these absolute goldmines later.
Analise fundamental.
Fundamentals on the other hand are the larger fluctuations generally caused by pieces of news.
For example, this can be interest rate changes, political announcements, economic indicators, inflation and even things like war or the threat of war for a country.
All these elements have a massive impact on the country and hence have a very large impact on the price of a currency.
These are what cause massive drops and rises in a currency pair. For example the below screenshots show the daily chart when Brexit happened in the UK in 2016.
When put together, fundamentals and technical analysis can give you a very concrete trading strategy. Relying on either/or will likely still make you a profit, but understanding why a market is moving in the way it is will help you get an idea of what needs to happen for it to move the other way.
The more you know about the fundamentals, the easier the technical analysis will become.
This is a very important point:
You only need to be AWARE of the fundamentals.
Below is my actual strategy on staying aware of fundamentals…..
It involves looking at the forex calendar at forexfactory and then simply saying – Oh will keep an eye on that for 5 minutes….
At EFT we do not trade fundamental trading strategies! I would advice you not to either.
Larger financial networks will trade more based on fundamental data as there is a larger impact on their bottom line.
Individual traders such as myself (and likely you reading this post) may look at shorter time frames (15 min – 1 day) where fundamentals have less of an impact in our trading strategies.
Remember that generally there is not news coming out every hour that will affect a currency, but understanding what certain announcements will do to a currency is essential even if you trade on a low time chart as you do not want to be stopped out on a piece of news that will have no relevance the day after (this is called a spike out.)
If you trade less than $200,000 in each individual trade we shouldn’t read into news and fundamentals too much.
Want to find out what type of trader you are? Leia.
Tipos de comerciantes.
There are hundreds of types of traders. The biggest differences come in the time chart you use for your trading. If you are holding positions for multiple days or weeks at a time, generally you are called a swing trader.
This is someone who is looking at fundamentals as well as technical analysis but is looking to make fewer trades but earn a higher amount of PIPs per trade as they are giving the market more time to move and hence want a “higher profit margin.”
On the other side of the scale you can have a 15min-1hour intraday trader, these are individuals who look to get in and out of the market inside the same day, usually looking at the 15 minute or 1 hour time charts.
Then there are traders who are in the middle who look to hold positions for anywhere from a few hours to a few days. This is generally called day trading but sometimes gets confused with intra-day trading.
This is what I recommend for most traders to either look at day trading or swing trading especially if you have a full time job or a business to run and don’t have the time to look at the charts and look for set-ups, structure and perform your technical analysis.
Once you become more efficient it will take you less time to analyse the market and hence you may be able to reduce the time frame you trade but for an absolute newbie I would recommend sticking to the higher time frames.
When I first started I said to myself I’d start with this and move to intra-day trading…. Because it seems more glamorous, faster profits, in and out etc etc. But I never did. Nowadays I rarely look at the 15 minute chart and the 4HR is my best friend.
Another way to categorise a trader is by the strategy they trade.
For example some individuals may only trade counter-trends, meaning they are looking for the point at which a market will turn round. E. G. If a bullish market starts to turn they will look to get into the market and take out a sell position.
Whereas other traders may only trade with the trend, so looking for reasons why a price will continue to increase/decrease. (These are creatively named trend continuation traders….)
Quick note : A bullish market is simply a market where the currency chart is heading upwards, a bearish market is where the currency chart is going downwards. This is often just called an uptrend or a downtrend and is just the general direction the market is heading. [image source]
Again, another style of trading is to trade patterns (although beware of this). I prefer to use price action for this.
For example, some traders will look for specific set-ups across different currency pairs and look for “reasons for entry” all this means is they are looking for a specific actions to happen to get into a trade.
This is very common in intra-day and day trading. Generally, these patterns and strategies are based on seeing support and resistance levels and making educated decisions (with correct risk to reward ratios.) But we will cover all the different types of trading and how to get started on each of them later in the guide.
Trading Psychology & Mindset.
Trading psychology is something that kills 99% of new traders.
This is the single most important paragraph in this entire guide. So if you take nothing else from here, then take the following!
It’s not their strategies or systems and in some cases it’s not even their bankroll management (more on that in a second) but its how they act when they go through a “bad streak” or even good streaks in some circumstances.
Mindset is s o key to success that it deserved an entire post on it’s own …. (which is here.)
Tom Personal Note: This is so important I actually hired and worked with a mindset coach for 3 months. In this time my profitability, productivity and actually general happiness increased drastically. It’s that important!
When we talk about psychology and forex mindset we are not just talking about being a “positive person” that’s a very basic and poor understanding of what psychology actually is.
Instead we are talking about the deeper level of what happens when you make a mistake, or even when you follow your proven, back-tested strategy but go on to make 10 losing trades in a row! I’ve done it, I’ve made 12 losses in a row and I’m sure some of the greatest traders in the world have made more than this!
But how you react and deal with this is incredible essential, and if your mind is in the wrong place, you WILL NOT be a successful trader. I recommend you read the full article linked here but the basics of it are below.
Bankroll management – Don’t put more than 2% of your bankroll on a trade. Anything more is a quick way to lose all your money. Staking only 2% (I actually teach 1% maximum) is a way to keep your bankroll ticking up and even to avoid large losses if you do go through a bad stage. We have a full guide on bankroll management here.
Tom Personal note: Please please please understand the importance of that previous statement. Bankroll management is the difference between successful traders and people who simply throw their money away. It’s the difference between if you are going to make forex trading your life and live how you’ve probably only dreamt of, or if you just gamble all your money away. Remember gamblers also win in the short term, but does their lifestyle ever change….
The stoic principle – The stoic principle states (I’m paraphrasing here): It’s not the result that matters but the action. For example when it comes to forex trading – It’s not whether your trade was profitable or a loss but it was the reason(s) why you made that trade in the first place. Distance yourself from the trades as much as possible and do not get emotionally involved in any position you have , regardless of how strong it may have seemed at first.
It’s also important to remember that we are not rational creatures. So markets can move based on irrational data. The market price is not always “right”, in fact most of the time it is extremely over-valued or under-sold.
This is just how it is, so don’t worry if you make a few bad trades or even some mistakes in your strategy. Keep your mind clear and the correct forex psychology and you will be fine!
Remember the following!
Mitos Forex.
OK now that mindset section is out the way let’s take a look into a couple of myths about forex.
You can get rich fast/easy – You’ve probably heard this a million times before but “when something seems too good to be true, it likely is.” Now that’s likely, not always, a very important distinction in forex trading. But remember it takes 10,000 hours to become an expert in anything. Chances are if you are reading an article on forex trading for beginners you have not yet invested 10,000 hours. (More on this principle here.) You CAN’T get rich – This is the exact opposite situation. Don’t under-estimate yourself. If you stay disciplined you WILL make money trading. I see too many people settling for 7% a year with their stocks or 10% a year in the real estate markets. You can make a lot of money trading forex. Utilising correct bankroll management, strategies, following the right people, learning as you go and utilising leverage there is no reason why you can’t make 50% a year with a low risk strategy . I’ve actually done the maths on this (a lot), check out our “how much capital do I need to get started” post for more on this.
6 Key points to remember – Key Forex Trading Tips For Beginners.
Before we get into the real technicals of fx trading I want to go through some of the key points I believe you should know. (We’re not technical yet! — Don’t run away it’s OK stay with me!)
This is something I will update on a regular basis and something that if you don’t know a specific word/phrase or theory, you need to go out and research it further straight away. Just Google it, read for 30 seconds and you’ll be good!
Pare Perdas.
It’s likely you already know what stop losses are but for anyone that doesn’t; A stop loss is a trading indicator you place when you are starting a trade.
Let’s say you buy EUR/USD expecting the price to increase by 50 PIPs.
But what happens if the price starts to go down? O que fazes, então?
Well this is why putting in stop losses is so important.
Stop losses enable you to automatically be “stopped” out of a trade (for a loss of course) when the price has gone to a certain point.
So say you purchased at 1.09355, and you set a stop loss at 1.09255. If the price reached this 1.09255 figure you would be stopped out of the trade for a 10 pip loss.
Always always always use stop losses. If you don’t you will not be allowed in any future trading training we produce. (Seriously we’ve kicked people out of paid training’s for not using stop losses)
The tricky part of course is setting your stop losses correctly, as with many trades as soon as you are stopped out the price turns around and hits the targets we set…. So setting stop losses at the right points is incredibly important.
The points at which you set them though will depend on the following:
Generally you want to ensure a risk to reward of at least 1:1 this is my personal risk to reward ratio but I would recommend this to everyone, especially new beginner traders (more on risk vs reward later on.)
Tom Personal note : Risk vs reward is just your stop losses in proportion to your take profits. For example if I had a stop loss of 50 pips and a take profit goal of 50 pips that would be a 1:1 risk vs reward ratio. If I had a stop loss at 50 pips and a take profit at 100 pips that would be a 1:2 risk:reward. Generally speaking the better the risk to reward the better the trade will look. (That’s 1 risk per X reward. Make sure X is greater than 1 in every case.)
Moving stop losses.
Another very important concept.
When a trade begins to move up to a certain position (the position of course depends on your strategy) you will want to move your stop losses with it. So, if the market does turn around before you have hit your profit targets then you will not make a loss on the trade.
Moving and re-setting stop losses, when and why to do this is a very difficult strategy and will generally only come with time or education. It is one of the skills it’s tough to teach without experience.
Below gives you an idea of how risk vs reward works on a pulback entry.
Never move stop losses down.
You should never move your stop losses LOWER than what you first initially put them at, if you are stopped out, don’t worry just look for another trade set-up and stick to your plan!
When we enter trades we will know our stop losses and take profits before we get in.
This is how we calculate risk to reward ratios and how we calculate our 1% account risk.
Moving stop losses downwards breaks all of those rules and hence WE DON’T FRECKIN DO IT! Got it punk!?
Take Profits (Targets)
So now we know why we set stop losses (to ensure we exit a market at the correct point), but what happens when the price goes the way we want it to go?
When do we exit the market at a profit?
You Are Allowed to Move take profits but only higher (more profit) never lower.
I call these “take profits” but they are also just called targets.
Generally, when you get into a trade you will have an idea of where the price will go, usually this is based on your technical analysis and the previous structure of a price chart.
When you are looking to take profits remember you can have multiple targets.
For example, if you think a price is going to rise to point X, but you also think there will be a high chance that it might rise to an even higher price point “Y”, then you can look at taking first targets at point X (for 50% of your position) and second targets at point “Y” for the remaining 50%.
In the below example if we shorted the market (sell) from the red arrow points and looked to have 2 take profit or targets we would put them in the highlighted range.
The key when it comes to targets is to establish them (as well as stop losses) before you even enter a trade .
For example, if I am looking to get into a trade when price action reaches point X. I want to know my stop losses and my take profits before I even consider opening that position.
In the above example I used structure for these positions and (this is a trade we actually took) we managed to hit both take profit 1 and 2 for a healthy profit.
The difference between your opening position and your stop losses is the maximum amount you are willing to risk.
In our trading strategy this will equal exactly 1% of your trading account. So if we have a trading account of $100,000, our stop loss should equal -$1,000 if hit.
And of course this figure should change slightly for each new trade.
For example if you profit from a trade your next stop loss will be slightly “more” but if you lose a trade then the next will be slightly “less”.
The difference between your stop loss, let’s call this “X” in this case. And the amount you want to profit (the difference between what price you purchased and your take profit level) is “Y”. Your Risk vs reward is then: X/Y.
You always want X/Y to always equal 1 or above, I like actually having a 1.2+ Risk vs reward as this means I only need to be “correct” 50% of the time to make a large profit each month.
Risk vs reward.
Forex trading in general a huge game of risk vs reward. If you assume for a minute that forex trading was 100% random and that regardless of analysis there was a 50% chance the market would go up and a 50% chance it would go down (AKA flipping a coin.)
Now if you constantly had a 1:1 risk vs reward, this would mean that you would never make a profit and also you would never make a loss. Because (over time) all trades would even out.
Note: I’m ignoring the spread of your broker for the time being to make this example newbie friendly.
Continuing with our coin flip example, what if you could suddenly make 2 units of profit whilst only risking 1 unit?
So a 2:1 reward ratio? On a market that is totally random (AKA 50% either way) suddenly you have a HUGE edge in the market and would be an incredibly rich and successful trader.
This example outlines 2 things:
Bankroll management is incredibly important – Because even with a huge edge of 2:1 you would still go broke and blow your entire bankroll if when you went through a bad stretch. You make a lot more money with a larger risk vs reward ratio (everything else equal.) So this is generally what I personally look for and what I teach people to look for too.
This means that we have a high reward and a low risk! It’s a great mix when we have great technical analysis processes too!
This is also how traders can lose 60, 70 even 80% of their trades but still make money!
Because when they do correctly predict the market movement they might have a 10:1 ratio.
Meaning they only need to be “right” 10% of the time to break-even on their trading and anything more than 10% and they make money!
Personally I don’t like looking for 10:1 positions but I want to see at least 1.2:1 in most of my positions. Or at least a 1:1 for 1 st targets .
Variance & Reversion to the Mean.
Variance and reversion to the mean are 2 very important elements to remember in fx trading.
Variance is simply a fancy word for saying “luck” if you were to flip a coin 50 times then you’d expect 25 heads and 25 tails, but as we know you are likely not to have this, you may even have 35 heads and only 15 tails and this wouldn’t be considered too “odd” as there is such a small sample of data.
The percentage of heads in this case is 70%. But if you flipped a coin 5,000 times. Then the data is more likely to equal out to 50% each, this is a principle called reversion to the mean. This can be seen in almost everything in life not just trading.
Although its something that beginners don’t need to worry about too much, you should be aware of it as reversion to the mean has the ability to make “amazing” traders think they are unable to make a losing trade, but just remember luck will even out (variance) and when it does you need to ensure you still have your edge. If you have a 1.5:1 reward:risk and you make 10 profitable trades in a row that’s great!
But what happens when you lose the next 10 in a row?
If you are disciplined and understand bankroll management and reversion to the mean then you won’t be worried as you will still be making a profit!
Keeping the discipline is incredibly important when up and down swings happen, which to successful traders is simply called variance.
Next we will get onto the GOLDEN question .
How much capital do you need to get started?
Another question I get asked a lot is “how much do I need to get started.” I’ve written an entire post on this too but I wanted to answer this quickly here.
Assuming the following : You understand the markets, you understand technical analysis and fundamentals, you have a good back-tested strategy, you are disciplined, you understand why the markets move and you have correct bankroll management and mindset – Then the answer is simple, as much as you possibly can.
Most people (poor people generally) never take big enough risks.
They don’t go all in so they always have a way out in case it goes wrong.
You might think this is good but its actually the quick way to stay poor because you will never be 100% committed to something you do – Burn the boats principle.
If you had your entire life savings, all credit you’ve ever had, all future earnings, your kids college funds and your car in a trading account, I’m guessing you would be more careful, disciplined and profitable than if you only had a few thousand.
The reason for this is simply because you don’t have a way out!
If you lose all your capital in example 1 then you have nothing, if you lose it in example 2, although a few thousand dollars/pounds might be a lot of money for you, it’s not going to change your day to day life that much. And that is the major issue most people face – They don’t trust themselves enough.
Personally, if you have anything less than $10k to invest then you need to go get a job first and hustle until you have this $10k figure. I like starting with this and when we start our forex training we will be starting with a $10k figure. So if you need to go out and get $10k to invest go and do it.
MAS & # 8211; I also recommend starting with only $500 when you want to do one thing – Confirm theories and build confidence.
Tom Personal Note: You may think this is contradicting and counter intuitive BUT it’s actually the perfect strategy. Deposit $500 in an account today. Educate yourself, learn, test, fail, back-test, succeed. That might take 2-3 months. And build confidence. When you have consistently built a strategy to earn 5% a month. Deposit your starting amount.
Mas aqui está o kicker & # 8211; In this time you can also be saving and hustling to get this money together. Work as hard as you possibly can, overtime or in business. Get to a point where you can invest $10k. It will be the single greatest decision of your life and will (in time) give you true financial freedom.
Pay the price today so you can pay any price tomorrow.
All coaching clients are required to start a new trading account with $500 in, no more and no less. These are the same people that have paid $5,000+ for the one on one coaching.
They usually look at me like I’m crazy but it removes one thing – emotion!
You want to be emotionless in trading, if you lose a trade – cool, if you win a trade – cool, if you lose 10 in a row – cool, if you win 100 in a row – legal. Zero emotion.
With such a low amount of money you can look at technical analysis in a different way and make a higher amount of money. If anyone is interested in one on one coaching you can fill out an application form here.
I also recommend you never put more into an account than you can afford to lose. If you do then you are asking for trouble, but you also remove the compound effect.
This is not boring maths, this is money maths! (Yes I say maths because I’m British)
If you can make 50% profit per year from trading (which is the low end you should be aiming for). Then you can be a millionaire in about 12 years with $10k starting balance assuming you don’t touch your money. And that’s not net worth of 1 million that’s 1 million in the bank ! (Well trading account but its cash that you can take out and use whenever you want!) (This is excluding tax though.)
If you do the maths based on more what we aim for on a month to month basis of 5% (which we actually did in a full article over here) then you’d be looking at roughly a million in year 7-8 based on a starting investment of £10,000 (or dollars or AUD or whatever currency you want!) – The maths is very interesting, I’d recommend checking out that post.
Estratégias & amp; Systems – The Real Stuff (Newbie Friendly)
So now that all the introduction stuff is out of the way we can look into the actual strategies and systems that we can use to generate a profit from the markets.
A few notes before we get started: There are thousands of methods to make profitable trades but we are always looking for causation , what causes a market to produce a specific result.
In the next few chapters I am going to be talking about not only the methods that I recommend and a few basic trading strategies to get started, but I am also going to be talking about how to build your own strategy which is where you can build massive amounts of wealth.
Method 1 – Follow the Experts.
This method is very very simple, all you are going to do is trade when your specific “expert” says to trade. Now this is the easiest way to make a profit through fx and let me explain why.
Most people think that when an expert does a live trading room or an over-the-shoulder trading session that they aren’t going to be implementing the techniques they use themselves. This is utter BS.
The issue arises when beginners follow individuals who claims to make “1000% ROI in a month” – They draw the imaginary line to “If I can just make 1/10 th of that then I can double my money.”
And hence people pay to follow these “experts” who are in fact scammers and eventually lose all their capital.
Instead you need to follow experts that have a proven track record and look for around 5% ROI a month. This is what we are personally developing in the coming months, a trading room for beginners, where they can actually make money from simply following our personal trades!
Tom Personal Update : Hey guys, we still aren’t here yet but getting closer by the day. By 2018 this could be a real possibility. Instead we built the First Forex Profits guide but will talk about that later in this post.
It’s a win-win for us and the trader! Once they see they can actually make money from fx the hope is they will go onto method 2/3/4 and create their own strategies and really scale their trading. This is coming very soon, watch the space!
But until then you need to start from strategies that already exist and follow guides (such as this one) that explain exactly how to trade forex.
An expert you trust. Correct bankroll management. Time to follow these experts on daily basis. Starting capital.
But there is a huge huge drawback to this and it’s probably obvious…. You aren’t learning that much and your wealth is based on someone else.
If they stopped tomorrow then you would have no way to make any additional income, that’s a massive problem and one of the reasons I actually don’t recommend this strategy to everyone. Some people it works great for, others it’s better to do it yourself!
Method 2 – Fundamental strategies.
If you remember our earlier notes on forex trading strategies for beginners we talked about the difference between fundamental trading strategies and technical analysis.
Method 2 we are going to look into is the fundamental strategies. This is when you look for pieces of news that will affect the currency prices.
Now I’ll come out and say I do not have any fundamental only trading strategies .
I personally think it is quite difficult to trade as you need to judge how the market will move based on specific pieces of news.
Personally I wouldn’t recommend this to beginners but if you are interested then there is a good article on fundamental strategies here.
But if you want to learn forex trading FAST and make profits quicker fundamentals are not actually the way, instead look into structured trading and learn to trade forex based on technical analysis.
Method 3 – Structure Trading (This is the Way I started Making 5% a Month)
This is my personal favourite strategy (although our systems actually involve multiple variations including mixing structure trading, price action, psychology, momentum and reasons for entry.)
Structure trading is identifying the points on a currency pair that are structure. This means where support and resistance are.
Resistance is where the market is having a tough time in breaking through (to the buy/bullish side) and Support is where the market is having a tough time breaking through the sell side or bearish side. The image below explains this very well, it’s from babypips.
The below image shows what it looks like in the market (again image from the same source)
Support and resistance levels are constantly moving.
This means that when you are looking to draw these into the market they will be constantly changing.
Support and resistance levels are generally the best places to sell or buy a currency as they usually provide a solid foundation for the market to move.
Mix this with “reasons for entry” (which we will get onto later) and you have a very strong and very simple trading strategy that is the entire basis for our First Forex Profits students.
When a support or resistance level is broken it is usually broken by a single large candle . This means that it took a lot of buyers/sellers to break through this level properly and this shows the support level was legitimate.
There are also certain levels of strength when it comes to support and resistance.
There can be weak levels that don’t need as much velocity to be broken through and stronger levels that usually need an extreme amount to be broken.
When you draw these levels correctly onto a price chart it will give you a great idea on what is going to happen in a market.
Below is an example for the basics of support/resistance. We can see the very strong levels in the yellow box where despite the market touching this level multiple times it cannot break through and close lower, as a result after trying on 3 separate occasions it then start to move up. This is a trade we actually took in 2017 on the GBP/USD.
So how can we make money from this? Well I want to keep everything very simple but I will outline a very simple theory you can use below, we go more in-depth into this with our First Forex Profits students but the basic outlined version is below.
I decided to actually embed a video below from the First Forex Profits course to show you just how effective this is. (This might not make sense just yet, do not worry it is only used as an example once you understand the entire course and process, which can be found here for anyone interested.)
Structure Trading Strategy – Um exemplo.
First you need to identify potential support and resistance. In this example [below] we are looking at the GBP/USD on the hourly, the screenshot below. (All screenshots from: dailyfx/gbp-usd)
As you can see when we saw our huge bullish movement on the 18 th /19 th April 2017 we had a slight stop followed by a large candle. Interesting but no support yet. But looking across when the market re-tests this level we see the market test it once on the 20 th and again on the 22 nd and 23 rd . And the market has not broken this level, which makes it a very strong support level. This means we now have a basic theory – We will buy (bullish) when the price comes down into this zone AND we have a reason for entry.
Now a quick note on reason for entries, these can vary for everyone but in this example, I’m going to use something very simple, I’m simply going to look for double test or double bottom. Now we actually took this trade as I mentioned above on the red dot, as you can see we timed this nicely to follow the move back up. But you could have got in at about 5 other points after we were in this trade!
Another reason why we entered this trade is because the fundamentals were on our side and the overall long term trade movement. The GBP is very oversold at the moment. By the end of 2017 this will be back over 1.33 against the dollar and hence the overall movement is to the buy side.
This is why just being aware of the fundamentals (even if you don’t trade them) is pretty important.
The screenshot above shows where we got into this trade (the red spot) after a second test, we got it at: 1.2765 at about 15.00 on 21 st . And we almost hit first profit targets 7 hours later but ended up just missing out. On Monday 24 th we again almost hit our target 1 (Stop losses were set at 1.2735 (30 pips below our initial entry). And then eventually we hit target 1 at 1.2840 on Tuesday 25 th (This is the red line) When this happened we moved our stop losses up slightly on the remaining position (to the position we entered on originally.)
RE-READ THE ABOVE and UNDERSTAND THIS!
Second targets were set at the top of the previous high (green line on chart) which we hit again a few days later for a nice profit on both target 1 and target 2.
Target 1s: 1.2735 to 1.2840 = 95 Pips Target 2s 1.2735 to 1.2900 = 165 Pips.
Now not all trades are going to go as well as this but remember what we said earlier in the article about risk vs reward. In this case our risk (stop losses) was 30 pips and our reward was 90+ Pips. That’s a 3:1 reward:risk. Once we hit our first targets we moved our stop losses back up to even protecting the profit we had made already meaning if the price did go down then we would have closed out where we entered at 1.2765.
This is the essence behind the First Forex Profits structured trading course, you want to look for positions where you expect support and resistance to hold and bounce back to one another.
Momentum is another key element to a successful trade. If a pair goes up (buy/long) very fast, this shows a lot of strength and momentum. If we then see a pullback by this pair that takes a long time and is very slow and shallow (if the initial move is 100% and the pullback only 20%) then we know the strength is still with the buy side and we should be looking to get a long.
You also want to understand the way the market is going generally too though. If you can catch the larger move, instead of having a 1.5:1 or 2:1 reward to risk, you can get a 5:1 or even a 7/8:1.
If you are looking at the GBP vs USD we think the GBP will get stronger over time and hence taking buy positions is generally better but this does depend on how long you are looking to hold the position for.
If it is only for a few hours or even a day then the overall fundamental direction of the currency isn’t going to have much of an impact on your decision.
But in this case we were looking to hold this position for a lot longer, in-fact we are still holding it at this current point in time, the profit in PIPs is currently sitting at 382. Not a bad Risk to reward…..
Basic Formations.
I’m not a huge fan of pattern trading. Although patterns are semi-effective trading mediums they seriously limit your ability to grow your account.
For example a basic ABCD pattern formation requires 4 elements to be in place before you pull the trigger on a trade. This means the market must (roughly) follow your specific guidelines, as soon as you are waiting for the market to do something before anticipating you are in trouble.
Instead looking for basic formations with support, resistance and structure is the way to go if you are specifically interested in that trading method, but I’m not going to teach it in this guide as I do not fully believe in it.
Advanced Formations.
“Learn how to trade forex like a pro” & # 8211; The advanced formations. I say formations as calling these patterns is a very dangerous way to look at trading. Sure you might be able to make 20-30% a year from knowing patterns but you won’t be able to generate that exponential wealth, the type of wealth that gives you true freedom . Advanced formations are great when they align with structure (as are basic pattern formulations [image from profitf]
Advanced formations are things such as the Cipher and Gartley. BUT they have one main issue. They are still patterns.
Which means they are incredibly ineffective in the market.
Instead you should be looking to build strategies that are evergreen (meaning you can profit from them forever) this can only be done by using your analysis of a price chart.
If it could be automated people would have built robots to allow them to trade (they have tried) but this simply is not possible (not yet anyway.)
Reason(s) for Entry.
There are a number of reasons for entry into a trade.
Remember reasons for entry should be things that add strength to a position and not just to get in if your reason for entry occurs. These should be add-ons only!
The first is the confirmation of a theory. As previously mentioned this could be a double top or double bottom.
That’s a nice mini formation that helps people time their trades better. I like to look for these on the 15 minute or hourly charts as waiting for a double top or bottom on a 4 hours chart can take days (literally). When you have a strong position or theory you should be looking for confirmation NOT reasons to avoid the trade.
Tom Personal Note : Nowadays I actually don’t look on lower time-frames for entries unless I’m really really interested in a trade that might explode at any second. Missing a potentially profitable trade is better than getting in too many trades and OVER-TRADING (Which is something we’ll get onto later too.
Another reason for entry that I love is simply a lower low, lower close candle (or higher high, higher close candle) this is simply where you are waiting for the smaller time-frame to show you the market has started moving in this direction. [image from fxstreet]
Another reason for entry is using a specific type of candle. I like looking for different types of candles on the one hour or four hour time frame.
These should only be used when all other analysis points to this direction of movement and not just solely on their own.
The strongest types of candles are hammers and shooting stars. Without getting too complicated into exactly when and how these should look just know that they look like the below image [from stockcharts]
When you merge a number of these reasons for entry that’s when you get the strongest signal to trade. For example a double top mixed with an inverted hammer for example.
Don’t worry if this is getting complicated so far just re-read and remember to research around the site for specific principles that you think will be helpful to you.
Also do not forget to get our forex basics ebook in the sidebar, it’s 100% free and will put you on the right course to being a successful trader from day 1. And if you have the basic knowledge already pick up the First Forex Profits course and starting earning 5%/month today!
Correlação de Moeda.
I don’t want to get too technical in this beginner post, but there is something called currency correlation.
This is where currencies tend to do similar things to one another. For example if one currency decreases the other might also decrease, or if one increases another might decrease as a direct result.
Without over-complicating this, it is possible to earn 5-7 times more on trades simply by using currency correlation. There is a good tool on Oanda that shows you the currency correlation elements. It should look like the below image.
Not sure why it’s spelt “currensee” but whatever.
In the above example we use the heatmap settings and are selected to use EUR/USD as our baseline currency. So for example if EUR/USD is strong and increasing (EUR getting stronger against USD and the market moving up) then we can see that EUR/JPY would also move up. As would EUR/CHF. But GBP/CHF would be a slight decrease and we can see the time differences and the strength of correlation too.
The deeper the red the stronger the correlation.
Beginner Trading Traps.
Trap 1 – Mais de negociação.
When you first start trading you will have the forex bug.
Everything will look like a potential trade and the worst part is you’l take all of these trades too. The fear of missing out on one of these opportunities will lead to overtrading.
It’s the FOMO of trading!
This is easily the biggest trap most beginners fall into.
Remember we are looking for only the best trading opportunities. The ones that can make us 5-10% ROI on our money each and every month!
Missing a potentially unprofitable trade actually is a skill in itself.
If anything seems off about a trade then DON’T TAKE THAT TRADE!
É tão simples quanto isso.
I know that probably sounds over dramatic but it’s the truth.
There is a technique I really like called the 3 and out technique.
This was initially designed for micro pace trading and more geared towards intra-day trading but the principles can be applied to us too as day traders.
This involves having a maximum of 3 trades a day. We are only allowed to enter 3 trades That’s not 3 trades across 1 currency pair, that’s 3 total.
You’d make pretty sure each trade was a potential winner in both profitability and risk and reward ratios if that were the case.
Trap 2 – Trading Too Big (Or Small)
Another trap I see all the time is ignoring your personal bankroll management because “your just getting started” or “I’ll take it seriously when I deposit the real money”
This is a really bad habit to get into for a number of reasons but they should all be pretty clear.
Trading too big and you’ll blow your account.
Trading too small and your not fully committed to your strategy.
This is wealth building we’re talking about now! Not some game.
Trap 3 – Looking for the “perfect system”
Looking for the golden strategy that if only I could earn 40% a month or if only I could make 20 trades a day. These do not exist. If they did then you wouldn’t be hearing about them!
This trap comes in many forms.
The most common is “perfect systems” & # 8211; Usually promoted by someone who doesn’t know what they are talking about.
These are the ads you probably see promising 50% ROI in a day with a very low risk trading strategy.
The funny thing is these can be proven. I can go into a new trading account and double my money on the first day, it’s actually possible, especially with leverage and short time-frame trading. But the next day I can try to do the same and lose everything.
That’s not trading, that’s just gambling!
I don’t gamble. I bet on sure things or as close as I can get to sure things.
When my trades align I’m all in on them (well 1% of bankroll all in)
Don’t fall for these trading traps.
Don’t fall prey to the hype either. If you can make 50% a year forever you will be an incredibly successful and rich trader.
That’s about 4% a month by the way. Very possible.
Creating Your Own Strategy.
Above are the major technical analysis elements involved in successful forex trading for beginners. But of course, there is always more to learn and creating your own strategy is the pinnacle to successful trading.
That’s what we aim to teach at Elite Forex Trading and what we hope individuals implement as soon as possible. There are a few ways to do this that are very simple.
One of the most effective (this is assuming you have all the basic knowledge of forex trading, including finding support and resistance levels) is to mix multiple theories and a reason for entry to create a single system. For example if we look at support and resistance we have our basic principles of trading.
We can then only trade these when they align with Fibonacci or a certain type of pattern. When all 3 elements are in place a.) Fib, b.) Structure and c.) Pattern then we can look for our 4 th element, which is of course a reason for entry. Although I hate Fib and patterns so don’t personally do this!
This is the best technique for traders who are making too many trades . For example if you are looking at all trading types and systems and trying to make each one you will likely have too many opportunities, leading to making mistakes or even just poor bankroll management.
Avoid Information Overload!
Too much information is a bad thing. Simple theories work best, but if you can keep your theory simple but ensure it meets 2/3/4 criteria this is how you develop a very powerful and profitable trading strategy.
Let’s assume you have your trading strategy, you think it’s all good and you’re ready to start trading. Should you just dive in?…. NÃO!
You need to back-test your strategy or system . You should do this for any “expert” that claims to have a great strategy too.
Let’s say they specialise in trend reversal theories , when 3 elements are in place that includes a double bottom (the theory itself doesn’t matter at this point), the next step before you ever start trading this strategy is to back-test whether the results they are claiming (usually involves making a lot of money) are true.
This is very easy to do, but it does take time. Below is the process.
Back Testing a Forex Trading Theory.
Below are the exact processes I use when I have a new theory that potentially can be profitable.
Remember theories can be for one specific currency pair, or for a group, the key element is that you are disciplined when you are looking back through previous data and do not MISTAKE correlation for causation.
The tools I recommend to back test a strategy are excel and tradingview.
I decided to record a separate video for the process of back-testing. This is below.
Theory Requirements.
Once you have your theories you will likely have a lot that either work or do not. There are 3 key elements that you 100% have to ensure in all successful theories.
1.) Better than 1 to 1 Risk Reward.
This should be a given by now before you even start back testing a theory. You never want to lose more than you win when its 50/50.
If you are then you have to get into Kelly criterion on how much you should place per trade and that’s when things start to get very very complicated. If you are a beginner forex trader you should try to keep everything as simple as possible.
2.) The 100 or 1,000 trade set-up Test.
That sounds time consuming, right?
But it’s the truth, you need to go through 100 all the way up to 1,000 trade set-ups to have a real qualified theory.
I like to do 1,000 over the last 2 years and across 5 major currency pairs.
All pairs act and react differently which means you should individually track each one and if you find 4 were profitable and 1 was a loss, then only dig into the data from the 4 profitable ones and look for correlating pairs.
For example, if you noticed EUR/USD was potentially a very profitable pair with your selected theory you would want to also test EUR/JPY to confirm this.
Do not assume though and do a small number of set-up test checks, this is confirmation bias and is the quickest way to lose thousands in your trading.
3.) The Understanding That Past Results Do Not Equal Future Profits.
Just because you’ve found a strategy that can potentially profit 3-5% a month or 50-100% a year doesn’t mean that you are guaranteed these results.
Nor does it mean that the theory is going to revert to the mean either (go back the other way completely.)
Understand that sometimes correlation is not caused by the causation you thought it was . In each of your specific examples or theories they may have been other aspects at play in the market.
Meaning the conclusion that you drew MAY not actually be the correct one.
But generally speaking if you have element 1 and 2 in place this will drastically decrease any potential loses and in most cases you will likely make a small profit just not as large as you initially thought.
How To Build Strategies to Back Test?
So how do you know what to look for?
What strategies to build and back test? – That’s the golden question.
The answer is you can build them yourself but honestly, it’s very time consuming and difficult to do especially if you are a beginner.
Instead what I would recommend is you sign up to one of our training webinars or mini courses to allow you to make your first few profitable trades.
Once you have those under your belt you can start to look into building your own.
What Next? & # 8211; Join The Movement!
This is the sole reason why we build First Forex Profits to help people profit from forex trading from day 1 . Even if you are an absolute beginner. If you have understood everything so far, this is the next step for you!
If you haven’t understood some of the information here its time to-evaluate, but don’t worry, we have you covered! We’ve built a free ebook that goes through the most basic of forex in even more detail than I’ve gone through in this forex guide, from what forex actually means and stands for, all the way through to the terminology used by traders. This will give you the platform you need to start your forex journey.
“First Forex Profits is the single greatest investment I ever made in my forex investment journey. I took a shot as I really like EliteForex’s and Tom’s approach to trading, 3 months later and I hit my SECOND 5%+ ROI month. This course delivers what it promises. I have no idea what Tom and the team will charge in the future but if it’s anything under $5,000 then pick up a copy now! & # 8211; Dino Santis.
Luckily it is quite a bit under $5,000, coming in at only $97. The price of a nice meal out. Is financial freedom worth that? If it is then pick up the course HERE and I’ll see you on the inside!
Conclusão.
Forex trading is not easy when you first start. If you are looking to make 100% a month on your money then this is not for you.
If you are looking to slowly improve your trading skills and utilise knowledge and leverage correctly to make 5-10 and even 20% a month on your money then we can teach you how to do this. Join the Elite Forex Trading team today and take action on your financial future. The next step is the First Forex Profits Course – Clique aqui para se inscrever.
Thanks for reading and I look forward to seeing you.