The Big Trade PDF Free Download

  • Forex Trading for Beginners With PDF Free Download. Forex trading can be a very exciting and also lucrative way to make money. The Foreign exchange or Forex market is gigantic with over five trillion dollars a day being traded. As a beginner trading in the Forex market you don’t have to know and understand every single strategy and system.
  • Deadpool Script PDF. Download the Deadpool script PDF by clicking the link or the icon above. In Deadpool (2016), a wise-cracking, former mercenary, Wade Wilson, dons a superhero costume to cover his disfigurement. After Wilson is diagnosed with late-stage cancer, he turns to an underworld character named Ajax for a cure.

The trading course manual (PDF format) is a compilation of over 20 years of my personal trading experience and will help most anyone become a profitable swing trader. With your purchased trading course manual I don’t just provide stock trading entry methods like most others. The Big Trade delivers: A holistic trading system based on a deep understanding of howthe market is structured and how it behaves as well as time-testedtrading principles and practices A simple, highly effective method for assessing risk and rewardand finding high-probability opportunities that's as easy to learnas it is to use. ISBN 978-9941- 22 -391-4. International trade. Yuriy Kozak, Tei m ur az Shengelia – Tbilisi: Publishing House „ Universal “, 201 6 - 258 p. In this training manual the e ssence.

FACT: MOST TRADERS WILL LOSE MONEY
My Course Systematically Teaches You
How Making Money
Comes Down To A Few
Proven Trading Methods.
Learn The Exact Methods I Use Daily for Making Up to

My name is Kevin Brown, author of The Definitive Guide to Swing Trading Stocks, and I’m here to tell you about my swing trading course that has helped people around the world become profitable traders. I have over 20 years of experience as an independent full-time trader, and I have made it my goal to share my experience and knowledge with those interested in finally learning how to swing trade successfully. I have found that 90% of traders are doing it wrong and that is why most are losing money or just breaking even. It doesn’t have to be that way because successful trading is repeatable. I think you will find my course to be one of the best resources for furthering your trading education you will ever find. I GUARANTEE I can teach you to trade profitably or I will refund you every penny. You have NO RISK so keep reading.

If you have read this far, I assume you are interested in making $7,345 or more per month
swing trading.

and how often to trade to make that much profit each and every month?

Well, me and my trading customers all over the world do.
If you have ever been led astray by someone peddling stock trading “secrets” then you are not alone.

The truth is that there aren’t any real secrets to profitable trading;
there are only proven mathematical principles.

I’ve designed this course to be easy to understand, with clear steps to guide you along the way. The ability to make profits consistently in the markets can be acquired and repeated if a proven approach is taken.

I designed this swing trading course for one reason…to demonstrate how I have done it and how anyone can do the same!

Download the free chapters for my course, read the testimonials from my satisfied customers and take the first step towards being a successful trader. I believe in my course so strongly that if you don’t make a profit using my methods, I’ll refund every single penny!
Find And Successfully Swing Trade Only the Best Market Opportunities!

With the purchase of your Swing Trading Course you will learn all
of the following strategies and tactics that can help make you a
more profitable trader.

  • How to identify thebest stocks to watchfor swing trading.(page 35)
  • How many stocks to trade at any given time tomaximize your portfolioand reduce risk.(page 87)
  • Why the stock indexes are your friend and enemy at the same time.(page 86)
  • How best to place entry/exit orders for thebest executions.(page 20)
  • How to calculate apositive mathematical expectationfor a trading system.(page 22)
  • How to determine theoptimum amount to riskper trade.(page 77)
  • Understand how to utilize multiple measurements tofind the biggest movers.(page 33)
  • Exclusive disclosure of myTrading System Quadrant ™ which identifieshow all trading systems will perform over time.(page 23)
  • Revealing insight into why there are over3 millioncombined variations by which you can analyze the same stock!(page 8)
  • Discover the underlying structure of all stock markets and learnhow to project support/resistance levelswell into the future with uncanny accuracy.(page 54)
  • Learn by watching with the included toolvideo tutorials
  • Discover what is thesingle most important componentfor choosing a stock for swing trading.(page 35)
  • Learn whichsoftware and brokersare best for swing trading.(page 94)
  • Understand the daily, weekly, monthly and quarterlybusiness activitiesof trading(page 91)
  • A Complete A-Z Trading Course
  • Trades Long & Short
  • Lifetime Support
  • Free Trading Tools
Unlike some other courses, my swing trading course is NOT comprised of a blackbox trading system. All methods including how to calculate them are fully disclosed. You can utilize most any trading software package or market instrument with my methods, including those listed below:
  • MetaStock
  • Telecharts
  • Trade Navigator
  • Incredible Charts
  • AmiBroker
  • Spreadsheets
  • Stocks
  • Forex
  • Bonds
  • Commodities
  • Virtually any freely traded market!
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Worth Buying!

I liked Kevin right from the start and I could tell right away that he was part of the “keeping it real” crowd.
I wasn’t going to get any hype. And, I could tell that he wasn’t going to insult my intelligence by showing me a bunch of “theories” that would never work in the real world. There are numerous trading e-books out there for sale.
Some are good. Some are not so good!
Which ones are actually worth buying? Honestly, not many of them! But here is one worth buying.
2017-03-25T07:47:36-07:00
“ I liked Kevin right from the start and I could tell right away that he was part of the “keeping it real” crowd. I wasn’t going to get any hype. And, I could tell that he wasn’t going to insult my intelligence by showing me a bunch of “theories” that would never work in the real world. There are numerous trading e-books out there for sale. Some are good. Some are not so good! Which ones are actually worth buying? Honestly, not many of them! But here is one worth buying. ”
http://www.swingtraderguide.com/testimonials/worth-buying

The Complete Package!

Kevin, I just finished reading your swing trading book and it is brilliant.
Readers can learn everything they need to know about swing trading and the methods can be used in any market and any time-frame…. It is the complete package! You don’t just provide theories – you provide a full trading strategy that traders can use to fit their own trading style.
This is shown in easy to understand charts and diagrams. They get the entry points for the trade – the exact stops, they also get the targets.
After reading the book, and with a bit of practice, I believe readers should become very competent traders.
“ Kevin, I just finished reading your swing trading book and it is brilliant. Readers can learn everything they need to know about swing trading and the methods can be used in any market and any time-frame…. It is the complete package! You don’t just provide theories – you provide a full trading strategy that traders can use to fit their own trading style. This is shown in easy to understand charts and diagrams. They get the entry points for the trade – the exact stops, they also get the targets. After reading the book, and with a bit of practice, I believe readers should become very competent traders. ”
http://www.swingtraderguide.com/testimonials/the-complete-package

A Valuable Resource!

I am always looking for quality trading resources for my trading newsletter.
I have frequently promoted the Definitive Guide to Swing Trading Stocks to my prudent subscribers and have never had a single complaint from purchasers.
That’s proof positive that this course is a winner.
Thanks Kevin for making such a valuable resource available to the trading community.
“ I am always looking for quality trading resources for my trading newsletter. I have frequently promoted the Definitive Guide to Swing Trading Stocks to my prudent subscribers and have never had a single complaint from purchasers. That’s proof positive that this course is a winner. Thanks Kevin for making such a valuable resource available to the trading community. ”
http://www.swingtraderguide.com/testimonials/a-valuable-resource

Simple…Balanced..Systematic!

Hi Kevin, I just wanted to drop you a line to tell you how much I enjoyed your book.
Having read many trading books, it’s nice to come across one that takes a realistic approach, instead of promising riches by Saturday night.
Your simple, balanced approach offers flexibility while keeping things systematic, which is so important to success, something you have obviously developed from experience.
“ Hi Kevin, I just wanted to drop you a line to tell you how much I enjoyed your book. Having read many trading books, it’s nice to come across one that takes a realistic approach, instead of promising riches by Saturday night. Your simple, balanced approach offers flexibility while keeping things systematic, which is so important to success, something you have obviously developed from experience. ”
http://www.swingtraderguide.com/testimonials/simplebalanced-systematic
1

Clear, concise..beneficial.

Kevin, Your “Trading Laws” section was great. If only more beginning traders could get that through their heads. I found your discussion of Top and Bottom pivots to be clear, concise, and beneficial.

The Big Trade Pdf free. download full

Heartliy recommend it.

In addition to providing a sound trading strategy it is the best and most concise synopsis of the art and science of trading that I have ever read. I heartily recommend it to both experienced and beginning traders.

I was going nowhere…until I read your course.

I was going nowhere with my small capital until I read your course. I am able to enter the market with confidence and take bite size profits consistently. Many thanks for educating me on Swing Trading.

Money well spent.

Hi Kevin, Your book is one of the best guides to swing trading I have read. I have utilised several of your ideas into my everyday trading with great success. Money well spent.

The methods I use daily.

The Definitive Guide to Swing Trading Stocks provides a clear, simple approach to swing trading, which if followed with discipline, yields a steadily growing equity curve. I have bought and read a lot of books, but this is the method I use on a daily basis. Thank you, Kevin!

$1K into $5K!

By using Swing Trading Guide, I was able to turn $1K into over $5K in a little over 3 weeks by understanding concepts that show the bottom and tops of price swings.

Simple…concise…useful.

Simple and concise. This book clarified many of my concepts. It is useful in several ways.

Simple…Balanced..Systematic!

Hi Kevin, I just wanted to drop you a line to tell you how much I enjoyed your book. Having read many trading books, it’s nice to come across one that takes a realistic approach, instead of promising riches by Saturday night. Your simple, balanced approach offers flexibility while keeping things systematic, which is so important to success, something you have obviously developed from experience.

A Valuable Resource!

I am always looking for quality trading resources for my trading newsletter. I have frequently promoted the Definitive Guide to Swing Trading Stocks to my prudent subscribers and have never had a single complaint from purchasers. That’s proof positive that this course is a winner. Thanks Kevin for making such a valuable resource available to the trading community.

The Complete Package!

Kevin, I just finished reading your swing trading book and it is brilliant. Readers can learn everything they need to know about swing trading and the methods can be used in any market and any time-frame…. It is the complete package! You don’t just provide theories – you provide a full trading strategy that traders can use to fit their own trading style. This is shown in easy to understand charts and diagrams. They get the entry points for the trade – the exact stops, they also get the targets. After reading the book, and with a bit of practice, I believe readers should become very competent traders.

Worth Buying!

I liked Kevin right from the start and I could tell right away that he was part of the “keeping it real” crowd. I wasn’t going to get any hype. And, I could tell that he wasn’t going to insult my intelligence by showing me a bunch of “theories” that would never work in the real world. There are numerous trading e-books out there for sale. Some are good. Some are not so good! Which ones are actually worth buying? Honestly, not many of them! But here is one worth buying.

The trading course manual (PDF format) is a compilation of over 20 years of my personal trading experience and will help most anyone become a profitable swing trader.
With your purchased trading course manual I don’t just provide stock trading entry methods like most others. I also include information on how to use my favorite methods (including my proprietary methods) for the entire trading cycle including:
  • Structure of stock price
  • Trend measurement
  • Order types
  • Position size
  • Portfolio balancing
  • Trading system development
  • Stop-loss strategy
  • Profit taking strategy
  • Trading statistics
  • Stock screening
  • Risk management
  • Trading business checklist
  • Trading resources
  • And more!
You will be provided with clear trade examples using my proprietary methods so that you can see for yourself
how the methods work and why they work.
This is not a canned stock trading system.

You are provided with methods to design a system that fits your personal style.

You are guaranteed to receive everything listed here.

Your purchased course will contain trading methods developed by others as well as those I have personally developed and trademarked.

Trading Tool #1 : Ultimate Trading Calculator – $99 value

This incredible trading software will calculate trade position sizes according to various money management models, project profits based on earning estimates and includes a trade planner to document each trade you execute.

In addition, this software includes a trading simulator which allows you to generate randomly generated trades and the resulting equity curves based on key trading statistics of any trading system. It essentially shows you the probability of a system being successful over time based on it’s trading statistics. Just enter the trading statistics and click the “Generate” button.

This is a great learning tool to figure out what trade statistics are most important to your trading success. (MS Windows only)

Trading Tool #2 : Trade Tracker Spreadsheet – $49 value

I built this Excel spreadsheet because there wasn’t anything available on the market that had exactly what I needed for tracking my trades. This spreadsheet will come in handy for both tracking and analyzing your trading results.
  • Tracks over 1000 trades
  • Track percent wins for all trades
  • Track win/loss ratio of each trade
  • Charts cumulative gains
  • Tracks days held for each trade and average days held for all trades
  • A list of federal holiday dates is editable so holidays are excluded from all calculations
  • Tracks gain % per trade & cumulative
  • Tracks gains $ per trade as well as total gains for all trades
  • Tracks the Daily Return year-to-date (YTD)
  • Annualizes the Daily return YTD.
  • You can filter for any field
  • Automatically sort trades by exit date by just clicking a button
  • Sample trades included for reference
Extend your trading education even more with this collection of trading books.

Dynamic Analysis; 2 books in 1. A Basic Trading Course & Advanced Concepts & Tools –$97 value (FREE)

145 pages packed with valuable strategies for the beginner and veteran trader. This comprehensive trading manual covers all of the basics of trading, so even if you have never traded before, you won’t feel like you are swimming with sharks. Then it will take you into the depths of trading the way a submarine dives into the ocean to reveal what really makes the market move.

7 Habits of a Highly Successful Trader –$29 value (FREE)

Learn how to develop critical trading habits in this 31 page eBook. Even the best trading method or system will lose money if you don’t develop the correct habits to create potential net positive returns in the long run. You’ll learn about responsibility, finding a system that fits you, how to plan a trade & trade a plan, continuous learning, positive self-belief, and more.

A complete overview of how to scan and identify trading opportunities in any market condition. The strategy will focus you on the stocks that are demonstrating great potential. The detailed descriptions of how to trade the strategy, will explain trading tactics that are used by many very successful traders to profit from these market conditions. Remember, sound money management, stop loss orders (at least mental stops) and strict adherence to a consistent tactical discipline is essential to profitable trading.
If you are ready to learn proven strategies that work when it comes to penny stock investing, then The Penny Stock Trading System is a “must have. Strategies in this book have been collected from first hand experience and from the collective experience of numerous experienced penny stock investors. Instead of spouting rhetoric like, “buy low and sell high”, you learn substantive strategies that are extremely effective when done correctly.
This is an incredibly powerful yet simple pattern that can turn your trading around. It is effective with any market and has a very high accuracy rate. This is without a doubt one of the best chart set-up patterns you will see. Once you train your eyes, you will see these patterns all over the place.
Finally, the first practical, step-by-step, roadmap for designing profitable trading systems. Australian trader David Jenyns reveals the step-by-step roadmap he uses to design profitable trading systems. His comprehensive lesson plan walks you through each section in complete detail, along with homework assignments to help you understand his groundbreaking material.
If you have been trading for more than five minutes, you’ve probably clued into the fact that a large part of your success or failure as a trader is psychological. This fabulous e-book will give you a greater understanding into what your mindset should be when you’re trading.

The Pocket Book of Economic Indicators –$10 value (FREE)

If you have no idea what CPI, PMI, or ECI means, then you are like most beginning investors. This book explains these and a few other terms to enhance your knowledge of indicators that affect your investments.

The E-Book of Technical Market Indicators –$10 value (FREE)

This book includes just about every technical indicator imaginable. It offers plenty of charts and terrific information – and it also explains the most important indicators.

FREE Course Updates

The markets, as well as techniques for trading them are always changing so you have no need to worry about being left behind.

As a paid customer, you will automatically receive any updates made to my trading course for an entire year from your date of purchase.

These updates will be
provided free of charge.

FREE Lifetime Support

I know how it feels to be sold something and then left to fend for yourself so I strongly stand by my trading course and provide 100% free email support for life!

I am mostly busy trading during market
hours but you will usually get a response
within 24 hours.

I am a real person so feel free
to reach out!

Trading is all about results so here is my no-nonsense guarantee

Trade stocks following the methods in my course
(real money or paper trades) for a full 60 days. If
during that time you find that your first documented
15 trades don’t result in a net profit you may ask me
for a prompt 100% refund of your purchase price.
You can’t be much fairer than that.

How much capital is required to swing trade the methods in the course?
For most traders I would recommend at least $5000 in starting capital so that commissions don’t represent too large of a reduction in returns on a percent basis.
Does this system work with non-US markets like India?
Yes, my methods work with any freely traded market including non-US markets like India.
Do you include trading/charting software?
No, I reveal my trading methods that you can use with a variety of trading software packages.
What is the average length of time a stock is held for a swing trade?
Though this is entirely dependent on market conditions, a typical swing trade is held between 1-10 days.
How frequently are trade signals generated?
This depends quite a bit on your capital and market conditions but generally you can expect to see 10-20 new trade opportunities per week.
How much time does it take to analyze stocks for swing trades?
You will need to allocate at least 30 minutes per day to manage your existing positions and analyze stocks for new trades.
Is the course available in print format?
At this time the course is only available in PDF format for instant download.
Will I receive revisions and/or updates to the course?
Yes, all purchasers will receive any revisions for a full year after purchase.
Do you offer payment if I refer others to you?
Yes, we do have an affiliate program available for those that wish to offer our product for sale to others.
Does this system work with Forex or Futures markets?
Yes, my methods work with any freely traded market including Forex and Futures.
Do you provide code for my trading software?
I don’t support 3rd party software but the methods I use are already programmed in most software packages.
Is this a DVD course or digital document?
The
The course manual is provided in PDF format, the tool videos are hosted online and the tools are executable software.
Do you provide advice on which types of stocks to consider for swing trading?
Yes, I provide the criteria for screening the market for desirable stocks for both long and short trades.
Can the trading methods be used for day trading?
Though the swing trading methods in my course are based on end of day price swings you may adapt them to day trading as well.
Do you provide a guarantee of any type?
Yes, You have a full 60 days to trade with my methods. If they don’t generate a profit on your first 15 trades (real or paper) you may request a refund.
Do you offer ongoing support if I have trading questions?
Yes, I provide free lifetime email support for the information contained in my course.
Are there any special software requirements to trade your methods?
Yes. I recommend a few software packages that allow for standard as well as custom formulas. Some are FREE!

Our Forex trading PDF, it is widely believed that forex is one of the biggest and most fluid (or liquid) asset markets in the world. Sometimes referred to as FX, currencies are traded 24 hours per day – 7 days per week.

The term ‘forex’ is a blend of ‘foreign exchange’ and ‘currency’. In simple terms, refers to the process of exchanging one currency to another – and generally speaking, this will be for tourism, commerce, trading and many other reasons.

In this forex trading PDF we are going to talk about what forex trading is and some of the commonly used terminology in the industry. We will also explore the many different forex charts available, and we’ve thrown in some tips along the way to help you to become a better forex trader from the offset!

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What is Forex Trading?

With an average of around 5 trillion dollars traded daily in the forex arena, it’s clear that this particular financial instrument is very popular with traders and investors the world over.

Essentially, it is the action of selling or buying foreign currencies. Of course, these are all used by banks, corporations and investors for a variety of reasons like profit, making a trade, exchanging foreign currencies and tourism.

One of the major benefits with forex trading is that after opening a position, traders are able to put in place an automatic stop loss as well as at profit levels (this closes the trade).

The forex market is a place to buy or sell against each other a variety of national currencies, globally. The currency will be changed from one currency to another, and currency pairs from all over the world are continuously trading 24/7.

Wherever two foreign currencies are being traded, you can be sure that a forex market exists regardless of the timezone.

Commonly used Trading Terminology

In this section of our forex trading PDF, we are going to run through some of the most commonly used forex trading terminologies in the industry.

Pips

Pip stands for ‘point in percentage’, and depicts any small changes noted in currency pairs within the forex market. The pip represents the smallest amount possible a currency quote can alter. For instance, 0.0001 of a price quote – when it comes to the price of a currency pair. This is referred to as the ‘base unit’ of the pair.

If the bid price for GBP/USD pair changes from 1.2590 to 1.2591, this illustrates the difference of one pip.

Spread

The differentiation between the sale price and the purchase price of a currency pair is known as the spread. The least popular (least commonly used) currency pairs usually have a low spread. In some cases, this can be even less than a pip.

When trading the most commonly used currency pairs the spread is often at its lowest. The total value of the currency pair needs to surpass the spread in order for the forex trade to become profitable.

Leverage

We couldn’t create a forex trading PDF without mentioning leverage. In order for forex brokers to increase the number of trades available to its customers, they need to provide capital in the way of leverage.

Before you can trade using leverage, you must sign up to a forex broker and open a margin account. Contingent on the broker and the size of the position, leverage is usually capped at 1:30 if you are a retail client (non-professional trader). Some offshore forex brokers will offer much more than this if you are seeking higher limits.

Here are a few examples for a better idea of leverage:

  • Let’s say that you are trading EUR/GBP which is priced at 1.1700
  • You think the price will increase you you enter a buy position
  • You only have £500 in your forex trading account
  • You want to trade with more, so you apply the leverage of 20x
  • The value of EUR/GBP increase by 2%
  • On a standard stake of £500, you would have made a £10 profit
  • But, as you applied leverage of 20x, this increased to £200

The Big Trade Pdf Free Download Pdf

However, if the value of the pair went down by 2%, you would lose £200.

It is because of the aforementioned example that you should exercise caution when using leverage. Should the worst possible scenario happen and your account falls below 0, you should contact your forex broker and ask for its policy on negative balance protection.

The good news is that all forex brokers which are regulated by ESMA (the European Securities and Markets Authority) will be able to provide you with this extra level of protection, ensuring that you never become in debt with your broker. It’s like a stopper which prevents you from dropping below 0.

Margin

Margins are a good way for traders to build up their exposure. Put simply, in order for a trader to maintain position and place a trade, the trader needs to put forward a specific amount of money first – this is the margin. Rather than being a transaction cost, the margin can be compared to a security deposit. This will be held by the broker during an open forex trade.

It is commonplace for forex brokers to give their customers access to leverage (see above). This is because generally speaking, the retail forex trader doesn’t have enough of a margin so that they can trade in high volumes (well, high enough to make a decent enough profit).

Hedging

In order for you to lower your risk of exposure and offset your balance, you might consider hedging. This is a procedure which involves traders selling and buying financial instruments. When there are movements in currencies, a hedging strategy can reduce the risk of disadvantageous price shifts. The protection of this technique is often a short term solution.

Traders often turn to hedge in a panic as a result of the financial media reporting volatility in currency markets. This is usually down to huge events like geopolitical turmoil (conflict in the middle east), global health crisis (COVID-19) and of course the great financial crisis of 2008.

To counteract negative price movements, market players will tactically take advantage of attainable financial instruments in the market. This is hedging against risk in its truest form. Hedging will give you some flexibility when it comes to enhancing your forex trading experience, but there are still no guarantees that you will be totally protected from any losses or risks.

A hedging strategy example would be:

  • As a concerned investor, you open a contrasting position on trade.
  • To further explain, let us say you have a long position on GBP/USD
  • You might decide to open a short position on GBP/GEURBP as well.
  • This is also commonly referred to as a direct hedge.

While it can take some time to get your head around heading in the forex markets, the overarching concept is that it presents both outcomes. That is to say, irrespective of which way the markets move, you will remain at the break-even point (less some trading commissions).

Spot Forex

The exchange rate of two currencies is often referred to as a ‘spot’ exchange rate. More specifically, the spot trade is a spot transaction, with reference to the sale or the purchase of a currency. Essentially, spot forex is to both sell and buy foreign currencies.

A good example of this is if you were to purchase a certain amount of South African rands (ZAR), and exchange that for US dollars (USD).

If the value of the ZAR increases, you are able to exchange your USD back to ZAR, meaning you get more money back in comparison to the amount you originally paid.

Contract for Difference (CFD)

CFD is basically a contract which portrays the price movement of financial instruments. So, without having to own the asset, you can still make the most of price movements, whilst also avoiding the need to sell or buy vast amounts of currency.

CFDs are also accessible in bonds, commodities, cryptocurrencies, stocks, indices and of course – forex. With a CFD you are able to trade in price movements, cutting out the need to buy them at all.

PDF

Different Forex Charts

This section of our forex trading PDF is all about forex charts. When it comes to a MetaTrader platform, traders can use bar charts, line charts and candlestick charts. You can usually toggle between the different charts, depending on your preferences, fairly easily.

Below we’ve put together an explanation of each type of chart for you.

Candlestick Chart

The first record of the now-famous candlestick chart was used in Japan during the 1700s and proved invaluable for rice traders. These days, this price chart is without a doubt one the most popular amongst traders all over the world.

Much like the OHLC bar chart (see below), candlestick charts provide low, high, open and close values for a predetermined time frame. Live forex traders love this chart due to its visual appearance and the range of price action patterns utilised.

It’s always advisable, unless you are a seasoned trader, to make use of free demo trading modes. This allows you to gain a better understanding of how live trading works before you take any big financial risks in the market.

OHLC Bar Chart

Standing for ‘Open, High, Low, Close’, the OHLC chart is great for portraying any movement in the price of an asset, done over a specific time (for example – one hour, or a trading day).

As the title suggests, this one is a bar chart, and each time frame a trader is looking at will be displayed as a bar. In other words, if you are viewing a daily chart you will see that every bar equates to a full trading day.

Unlike the line chart (see below), the OHLC bar chart is unique in the sense that it displays a wider variety of values and information like ‘open’, ‘high’, ‘low’ and ‘close’, hence the name.

  • The highest market price traded within the selected timeframe will be represented by the high of the bar.
  • The lowest market price traded within the selected time frame is represented by the low of the bar.
  • The dash on the right will represent the closing price, and the dash on the left will be the opening price.
  • The red bars are also called seller bars; this is due to the fact the closing price is less than the opening price
  • The green bars are also referred to as buyer bars; opposite to above. This is because the opening price is lower than the closing price.

With this price chart, traders are able to establish who is controlling the market, whether it be sellers or buyers.

OHLC analysis was the starting block for the creation of the ever-popular candlestick charts (please further down).

Line Chart

This chart is considered to be the most elementary type of price chart, but that doesn’t mean it’s not useful. It is a great tool for looking at the bigger picture when it comes to trends.

It does depend on what time frame you are viewing (this can be anything from minutes to months), but for argument’s sake let’s say you are using a daily chart. The line chart arranges the close prices at the end of that time frame; so in this case, at the end of the day, the line will connect the closing price of that day.

Forex – How to Trade

In this section of our forex trading PDF, we are going to talk about the different ways in which you can sell and buy a forex position as well as things to look out for.

Pricing and Quotes

When it comes to forex trading you will see both ‘bid’ and ‘ask’ prices:

  • Bid price: This is the price you can sell currency at.
  • Ask price: This is the price you are able to buy currency at

When it comes to forex trading you can trade both short and long, but always make sure you have a good understanding of forex trading before embarking on trades. After all, forex trading can be a bit complex to begin with, especially when mixing long and short trades.

Long Trade (Buy)

In a nutshell, going long is usually a term used for buying. So, when traders expect the price of an asset to rise, they will go long.

As an example of a long position:

  • Say you’ve held a long position in the primary instrument purchased
  • For example, USD/JPY
  • This means that you are anticipating that the USD is going to increase in value against the JPY
  • If you invest £1,000 into USD/JPY through a long position, then you simply £1,000 staked that the pair will increase in value

Short Trade (Sell)

When forex traders expect the price of an asset to fall, they will go short. This means benefiting from buying at a lesser value. To achieve this, you simply need to place a sell order.

Current Prices and Demand

The current exchange rate of a forex pair is always based on market forces. This will change on a second-by-second basis. As we noted earlier, you also need to take the spread into account, so there will always be a slight variation in pricing.

For instance, if you exchange 1 USD for 17 ZAR, the sale and purchase price offered by your forex broker will be either side of that figure. The currency pairs with the most notable supply and demand attached to them will be considered the most liquid in the forex market. The supply and demand aspect is thanks to the investment of importers, exporters, banks and traders – to name a few. This is how the forex arena is home to over $5 trillion worth of buy and sell positions each and every day!

The most liquid currency pairs are therefore the ones in high demand. As an example, GBP/USD offers a lot of short-term trading opportunities due to the sheer amount of pips moved each and every day (90-120 on average). On the contrary, AUD/NZD doesn’t tend to move many pips in a day. Having said that, if you have a good understanding of some of the more exotic currencies- we at Learn 2 Trade are not saying it’s impossible to do well.

Forex Trading System to Consider

When you feel you are ready to take the plunge and begin live trading, you need to select a forex trading system. There is a vast amount of trading strategies for you to pick from. This is because investors, speculators, corporations and banks have been trading for decades.

In this part of the forex trading PDF, we are going to explain a few of the strategies available to you.

  • Intraday Trade: Concentrating on 1-hour or 4-hour price trends, forex intraday trading is considered more of a conservative way of trading. Focusing on the leading sessions for each individual market, these trades remain open for anywhere between 1 and 4 hours. As such, this could make it a suitable option for beginners.
  • Currency Scalping:This particular strategy is often viewed as a low-risk form of trading. It is focused on selling and buying currency pairs within an extremely short time frame. This is usually anywhere between a matter of seconds, and 2 to 3 hours at the most. This strategy makes it very practical to potentially gain a number of smaller profits, with the hope of creating a stockpile of profits.
  • Swing Trading:Often referred to as a medium-term approach, unlike scalping and intraday, swing trading concentrates on bigger price movements. With this strategy, traders are able to leave their trade open for days or even weeks. Some traders like to use this option in order to embellish existing daily trades.

Trading Platforms – Explained

If you want to buy and sell currency pairs from the comfort of your home (or even via your mobile device), you will need to use a trading platform. Otherwise referred to as a forex broker, there are literally hundreds of trading platforms active in the online space. This makes it extremely difficult to know which broker to sign up with.

In the below sections of our forex trading PDF, we explain some of the considerations that you need to make.

Analysis Tools and Features

You should also look out for analysis tools available to you. In some cases, this might be embedded, while some offer tools such as technical analysis and fundamental analysis. There’s no doubt that having access to a range of technical indicators, live price charts, and current news and data from the financial market is an essential part of forex trading.

However, if you can access these technical indicators within your trading platform, it’s going to prove to be very useful. This is because it will save you a lot of leg work having to move between different sites and sources of information.

Some of the fastest and easiest trading platforms are MetaTrader 5 (MT5) and MetaTrader 4 (MT4). Whilst MT4 was created especially for forex traders, MT5 gives traders access to CFDs (For CFDs, please see explanation under ‘Commonly used Trading Terminology’ in this forex trading PDF).

Crucially, both MT4 and MT5 are fast and receptive trading platforms, both providing live market data and access to sophisticated charts.

Confidence in Your Forex Broker

It is essential before you begin trading seriously that you fully trust the trading platform you intend on using. This is especially the case if you intend on using a scalping strategy, for example.

However, if you like to trade, it is vital for your peace of mind and your finances that you are fully confident with the fast execution of data transfer. This is also the case with the precision of quoted prices, and the speed of order processing. All of these things are going to help you to have a successful forex trading experience.

To enable you to make the most of new opportunities, the ideal forex broker will be available to you 24 hours a day and 7 days a week, in line with the forex market opening hours.

Independent Account Manager

To save you from having to request that your broker takes action for you, your forex broker should enable you to manage your account and your trades separately.

By doing this, you will be in a much better position to quickly react to any shifts in the market, and hopefully, make the most of potential opportunities. This will enable you to gain better control over any open positions as and when they arise.

Safety and Security

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It is important to ensure that your forex broker of choice is a reputable company, who will ensure that your personal information and trading funds are fully protected and backed up.

Segregation is frequently used amongst forex brokers as a way to separate your funds from the funds of the company (i.e their daily costs, debts and running costs). So, no matter what happens to the forex broker, your money is safe and segregated.

If you find that a forex broker is unable to do this, we would suggest you find a better broker as it is standard practice these days. All of the brokers listed towards the end of this forex trading PDF are regulated by at least one reputable licensing body.

Forex Trading – Getting Started

In terms of getting set up as an online forex trader, the steps remain constant regardless of which broker you decide to join. Below we list some of the steps that you will need to take.

Step 1: Open an Account

In order to open an account, you will need to enter some personal information. Standard details requested by the broker will be things like your name, residential address, and contact details.

Some brokers will also require your tax status and will ask you to provide more financial details such as employment status, net worth and any regular income.

Step 2: Trading Experience

Forex brokers will often want to ensure you have some level of trading experience (however this isn’t always the case). In this instance, you will usually need to answer some multiple-choice questions based on your experience. This is usually a fairly simple process.

Step 3: Verifying your Identity

Known as KYC in the industry (Know Your Customer), this simply means that the forex broker is going to need you to prove who you are. Some brokers will verify this using scanned copies of documentation. This is typically a government-issued ID (passport or driver’s license) and a proof of address (utility bill or bank account statement).

Step 4: Depositing Funds

Now you need to select your payment method of choice (usually from a drop-down list). Bear in mind that how long this takes to go into your trading account will largely depend on the payment method – so always check this before parting with your cash.

Supported payment methods typically include a debit/credit card or bank account. Some brokers even support e-wallets like Paypal and Skrill.

Step 5: Begin Trading

After reading our forex trading PDF you should now be feeling confident enough to begin trading. However, we do recommend that you always try out a free forex trading demo first. This will allow you to test out your newly formed trading strategies before risking your own capital.

Forex Trading Strategies

In the next section of our forex trading PDF, we explore some of the more important technical indicators and market insights used by seasoned traders.

Donchian Channels

First invented by Richard Donchian, the donchian channels can be adapted as you like, in terms of parameters. Should you choose to view a 30-day breakdown, for example, the indicator will be created by taking the lowest low, and the highest high of that period (so in this example 30 periods).

When observing the moving average on a donchian channel you can look at averages stretching from 25 days to the last 300 days. The direction which is permitted is determined by the direction of the short-term moving average.

With this in mind, you should think about opening one of the following two positions:

  • LongIf the last 300-day moving average is lower than the 25-day moving average.
  • ShortIf the last 300-day moving average is greater than the 25-day moving average.

You will need to sell your pair in order to exit your trade if you open a long position (and visa-versa).

Simple Moving Average

This is another commonly used forex indicator. The simple moving average (aka SMA) operates at a slower rate than the present market price (known as a lagging indicator). Furthermore, it uses a lot of historical price data. In fact, more so than most other strategies.

A good indication that the latest price is higher than the older price is when the long-term moving average is below the short-term moving average. This could be considered a buy signal due to an upward trend in the market.

In the opposite scenario when the long-term moving average is higher than the short-term moving average, this of course points towards a sell signal due to a downward trend. Moving averages are usually used as evidence of an overall trend, rather than purely forex trading signals.

This means you can blend both strategies in order to ditch breakout signals which don’t match up to the general trend the moving averages suggestS. Of course, this is a great way to make your breakout signals much more productive. If you are alerted to a sell signal, this indicates that the short-term moving average is below that of the long-term moving average, so you might want to place a sell order.

However, if you are given a signal to buy, this usually means that the short-term moving average is higher than that of the long-term moving average.

Breakout

Using breaks as trading signals, the breakout is considered a long-term strategy. Commonly referred to as ‘consolidation’, markets sometimes alternate between resistance and support bands. The breakout itself occurs when the market goes further than these consolidation limits – whether that be lower or higher. As such, a breakout must take place whenever a new trend occurs.

By looking at breaks, you will have a good indication of whether or not a new trend has begun. With that said, this doesn’t mean that a breakout is 100% accurate in signalling a new trend. In this case, you might want to use a stop-loss order to give you a better chance of avoiding a substantial loss.

Forex Trading: Possible Risks

As glamorous as a career in forex trading might sound, there are a number of risks that you need to take into account. In the below sections of our forex trading PDF, we explore these possible risks in more detail.

Transactions

The transaction risk is in relation to the exchange rate and any time zone differences. This means there is a chance that at some point between the beginning and end of a contract that the exchange rates could be subject to change. The risk of this happening elevates with the more time that passes between entering a contract and settling the same contract.

Interest Rates

The risk here is that if a country’s interest rate falls, the currency of that country will probably be weaker. This generally leads to investors withdrawing investments, and as a result, your return will be lower.

The good news is that when a currency rate is on the rise, chances are that the respective currency will be stronger. When this does happen, your returns could be higher. This is because seasoned investors like to gain exposure to stronger currencies.

Leverage Risk

The higher your leverage is, the higher your losses or benefits will be. Of course, this means leverage can affect your trading in a positive or negative way – depending on which way it goes.

Best Forex Trading Brokers of 2021

The final part of our forex trading PDF is to explore which brokers are popular with both newbie and seasoned traders. Each of the forex trading platforms listed below has been pre-vetted, meaning that you can be confident they tick most boxed.

This means that each platform is regulated, offers heaps of forex pairs, has low commissions and fees, and supports several payment methods.

AVATrade is an established broker that offers thousands of financial instruments. On top of stocks, indices, commodities, and cryptocurrencies (all via CFDs), you can also trade heaps of forex pairs. There are no trading commissions to pay, and spreads are very competitive.

You can either trade via the AvaTrade web-platform, or via popular third-party provider MT4. Minimum deposits stat at $100, which you can facilitate with a debit/credit card or bank account. The platform is heavily regulated, with several licenses under its belt.

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  • Minimum deposit $100
  • Verify your account before the bonus is credited
75% of retail investors lose money when trading CFDs with this provider

2. Capital.com – Zero Commissions and Ultra-Low Spreads

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Capital.com is an FCA, CySEC, ASIC, and NBRB-regulated online broker that offers heaps of financial instruments. All in the form of CFDs - this covers stocks, indices and commodities. You will not pay a single penny in commission, and spreads are super-tight. Leverage facilities are also on offer - fully in-line with ESMA limits.

Once again, this stands at 1:30 on majors and 1:20 on minors and exotics. If you are based outside of Europe or you are deemed to be a professional client, you will get even higher limits. Getting money into Capital.com is also a breeze - as the platform supports debit/credit cards, e-wallets, and bank account transfers. Best of all, you can get started with just 20 £/$.

Our Rating

  • Zero commissions on all assets
  • Super-tight spreads
  • FCA, CySEC,ASIC, and NBRB regulated
75.26% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

To Conclude

Having made it this far through our forex trading PDF, you should by now have an understanding of how technical analysis works, and have a good grasp of the macroeconomic fundamentals which guide currency values. Armed with all of the useful information included in this guide, you should be ready to get out there and start trading forex. Hopefully, making a profit and learning more along the way.

If you are a trader with somewhat limited funds, you might find that swing trading suits you best. If you have a larger trading fund available to you, you might have a more profitable experience with fundamental based trading. Either way, we do recommend trying out a free demo account where possible before trading with your hard-earned money. As well as reading helpful guides like ours, actually learning by doing will also provide you with a better sense of how it all works and how you might like to trade yourself.

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FAQ

What does forex mean?

Forex as a term refers to 'foreign exchange'. More specifically, it refers to the process of buying and selling currency pairs like GBP/USD and USD/ZAR.

How do you make money in forex?

You will make money in two different scenarios. You either buy a currency pair for less than you sell it for (long order), and you sell a currency pair for less than you bought it for (short order).

What is the spread in forex?

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The spread is the difference between the bid and ask price of a forex pair. This gap in pricing must be included in your profit and loss forecasts, and it is how the broker ensures that the platform always makes money.

What is a good spread in forex trading?

This depends on the type of forex pair you are trading. If you are trading highly liquid majors like EUR/USD, you should not be paying more than 1 pip.

What is the pip in forex?

The pip refers to the movement of one decimal place in a pair. For example, if GBP/USD is priced at 1.2450, and it moves to 1.2451, then this is a movement of 1 pip.

What leverage limits are in place when trading forex?

This depends on several factors, such as your location, the currency pair, and the broker itself. In most cases, traders from the UK and Europe are capped to leverage of 1:30 on major pairs and 1:20 on minor and exotic pairs.

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Slippage means that your forex order is executed at a slightly different price to what you had asked for.

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