Trade With Kumar
FOREX TRADING MENTORSHIP
INTRODUCTION
CONTENTS
TECHNICAL ANALYSIS C OTRADE
N MANAGEMENT
T E N T STRADING TOOLS
Understand the basics of trading, put Master the art of trade management Dive into advanced strategies,
them into practice, and aim to and enhance your trading efficiency. trading methods and tools.
become an expert.
01 02 03 04
Briefly describe Briefly describe Briefly describe Briefly describe
the concept the concept the concept the concept
RISK MANAGEMENT FUNDAMENTAL ANALYSIS MINDSET ANALYSIS
05
Recognize the significance of
focusing on position sizing and its
06 07
Fundamental analysis looks at all the
information to gauge a market's value.
08
Realize the power of a proper trading
mindset and train your mind for
importance.
Briefly describe Briefly describe Briefly describe peaceful trading.
Briefly describe
the concept the concept the concept the concept
It's among the busiest markets globally,
FOREX with an average daily trading amount of $5
trillion.
You can think of it as a network where
The global foreign exchange market, often buyers and sellers exchange currency at
referred to as FX or Forex, serves as an an agreed price.
international arena where national
currencies are traded.
Major Currency Pairs
usd inr
E U R / U S D
BASE CURRENCY QUOTE CURRENCY
U S D / C H F In Forex trading, you're In Forex trading, you're
G B P / U S D
buying the first currency in selling the second currency
U S D / J P Y
E U R / J P Y the pair. in the pair.
U S D / C A D
HIGH LIQUIDITY
Forex's high liquidity allows for fast and easy
transactions, resulting in low transaction costs,
often called spreads.
ADVANTAGES
When traders decide where to trade, they seek favorable conditions for
profits. The Forex market is a top choice for millions worldwide, meeting
these criteria.
24 HOURS MARKET
The Forex market operates around the clock, five days a
week, from 9 pm on Sunday to 10 pm on Friday (GMT)..
HIGH LEVERAGE
In Forex, leverage allows you to enter a trade on the
currency market by putting down only a small portion
of the full position's value upfront.
ADVANTAGES
When traders decide where to trade, they seek favorable conditions for
profits. The Forex market is a top choice for millions worldwide, meeting
these criteria.
INDIVIDUAL CONTROL
A career and investing in forex trading is advantageous as
the individual managing/investing has Complete control
wÏth the trades he/she makes & when to make them.
RISK FACTOR
Forex trading carries
risks due to high leverage, which increases the risk
level.
disADVANTAGES
Forex is easy to start, but learning is crucial for success. Most knowledge
comes from trading, but understanding Forex markets is essential.
Overconfidence
rIn Forex trading, a trader can have a series of
winning trades and become overconfident, not
realizing they could lose the next one.
fear
Risk in trading can make traders fearful, so it's essential
to be mentally strong and well-informed to make smart
investments.
disADVANTAGES
Forex is easy to start, but learning is crucial for success. Most knowledge
comes from trading, but understanding Forex markets is essential.
SCAMMERS
In the Forex market, there are many scammers. So, investors
need to be cautious when selecting a trustworthy and reliable
platform or mentor.
LEVERAGE
Leverage allows you to trade large currency amounts
without paying the full value upfront. Instead, you use a
small deposit called margin.
PIPS
A pip is the smallest standardized unit for measuring
currency price changes in a forex pair. It's how we gauge
movement in the forex market.
SPREAD
The spread is the gap between the buy and sell prices
offered for a forex pair. When you enter a forex trade,
you'll see two prices.
LOT SIZES
Currencies are traded in lots - batches of currency used
to standardise forex trades. As forex tends to move in
small amounts. Lots tend to be very large
IF QUOTE
CURRENCY
is USD
PIP VALUE
MARGIN
Margin is essential in leveraged trading. It's the initial
deposit you provide to start and manage a leveraged
position. When trading forex with margin, keep in mind
that your margin needs can vary based on your broker
and trade size.
The Forex market operates 24 hours a day, five days a
week, during which currencies are traded. It's the
largest and most liquid market globally. To
understand the best trading times, it's important to
know what a full day in the forex world looks like.
FOREX TRADING
SESSIONS
MAJOR SESSIONS IN FOREX MARKET
ASIAN - 5.30 AM TO 2.30 PM
LONDON - 12:30 PM TO 9:30 PM
NEW YORK - 5:30 PM TO 2:30 AM
FOREX TRADING SESSIONS
Between forex trading sessions, there are times when two sessions
overlap.
For instance, in the summer: From 3:00-4:00 AM ET, the Tokyo and
London sessions coincide.
Both in summer and winter, from 8:00 AM-12:00 PM ET, the London
and New York sessions overlap.
These are typically the busiest times in the trading day due to
increased trading volume when two markets are open simultaneously.
TYPES OF TRADERS
SCALP TRADER
Scalping is a short-term trading style that focuses
on capitalizing on small price fluctuations to quickly
make profits through rapid buying and selling.
DAY TRADER
Day traders use intraday strategies to profit from
short-term price movements in assets. They close
TYPES their positions before the trading day concludes.
SWING TRADER
OF TRADERS Swing trading means taking trades that can last
from a few days to several months, aiming to profit
from expected price movements.
POSITION TRADER
Position traders purchase investments with a long-
term perspective, anticipating their value will
increase over time. They pay less attention to short-
term price fluctuations.
FOREX VS STOCK
MARKET MARKET
STOCK MARKET
VS
FOREX
MARKET RETAIL
PLAYERS TRADERS
The Foreign Exchange market involves different
Retail investors' forex trading volume is
players, each contributing in their unique way.
relatively small compared to financial
Notably, internet technology has transformed
institutions and companies, but it's rapidly
how these market participants operate. It has
gaining popularity. Retail investors base
provided them with easier access to data and
their currency trades on a mix of
improved their efficiency and speed in
fundamental factors.
delivering their services.
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