FOREX101 Day2

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FOREX 101:Mastery for Beginner and

Intermediate Traders

Welcome

Day 2

Copyright, 2014 Chima Burey.

All rights reserved.

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Copyright, 2014 Chima Burey. All rights reserved.

[ Disclaimer ]

!"#$%&'()*+,-. 01 23 -34035 567,28-324 95: 10;5 -34.28-3 ,-3;20356 ;?>-7@?-7; ;?5 10;5 .2< :5 A>-B0656 :< 1-7>,51 ;?2; 2>5 3-;

2C402;56 90;? !"#$%&'()*+,-.+ D?5 2,,7>2,5402:040;< -= 17,? 03=->.28-3 01 :5405B56 ;- :5 >5402:45+ "-95B5>E !"#$%&'()*+,-. 6-51 3-;92>>23; ;?5 2,,7>2, 95:10;5+ G7,? 03=->.28-3 01 A>-B0656 H21 01I 90;?-7;

92>>23;< -> ,-3608-3 -= 23< J036E 50;?5> 5KA>51156 -> 0.A4056E 03,47603@ 90;?-7; 40.0;28-3 ;?5 0.A4056 92>>23851 -= .5>,?23;2:040;< -> L;3511 =-> 2A2>8,742> A7>A-15+ !"#$%&'()*+,-. .2< 03,4765 032,,7>2,051 236M-> ;2A?0,24 5>>->1+ D?5 03=->.28-3 A>-B0656 ?5>503 01 @535>24 236 01 3-;

;204->56 ;- 23< 1A5,0L, A->N-40-+ (54023,5 -3 244 ;?5 62;2 -> 23< -;?5> 03=->.28-3 01 2; 715>I1 -93 >01J+ #3 3- 5B53; 9044 !"#$%&'()*+!O$ :5 402:45

=-> 23< 60>5,;E 5K5.A42> 0360>5,; 62.2@51 2>0103@ =>-. 715 -= ;?5 03=->.28-3+ '15> 2@>551 ;?2;!"#$%&'()*+!O$ 6-51 3-; .2J5 23< >5A>5153;28-31 -> 92>>23851E 5KA>51156 -> 0.A4056E 90;? >51A5,; ;- ;?5 ;>2603@ 03=->.28-3E

>5,-..53628-31E -> 2,,7>2,< -> ,-.A45;53511 ;?5>5-=E 03,47603@E 90;?-7; 40.0;28-3E 23< 0.A4056 92>>23851 -> 23< 92>>23851 -= .5>,?23;2:040; L;3511 =-> 2 A2>8,742> A7>A-15E 236 ;?-15 2>0103@ :< 1;2;7;5 -> -;?5>9015 03 429 -> =>-. 23< ,-7>15 -= 652403@ -> 712@5 -= ;>265+

P-35 -= ;?5 03=->.28-3 ,-318;7;51 2 1-40,0;28-3 :< !"#$%&'()*+!O$ ;- :7< -> 1544 23< 15,7>0851E -A8-31E =7;7>51 -> -;?5> 03B51;.53; A>-67,;1+

Q21; A5>=->.23,51 2>5 3-; 35,5112>04< 0360,28B5 -= =7;7>5 >5174;1+ D?5>5 01 >01J 03B-4B56 03 =7;7>51E -A8-31E 5F70851 236 RO()S ;>2603@ 236 0; 01 3-;

170;2:45 =-> 5B5>01J -= 4-11 03 ;>2603@ ,23 :5 17:1;23824+ R7;7>51 ;>2603@ 01 ?0@?4< 45B5>2@56 236 .2< :5 0440F706+ *-7 1?-746 ;?5>5=->5,2>5=744< ,-31065> 9?5;?5> 17,? ;>2603@ 01 170;2:45 =-> 51-7>,51E 236

-;?5> >545B23; ,0>,7.1;23,51+ U535>24450@3 15,7>0851E -A8-31E =7;7>51 236 ,7>>53,< ;>2312,8-31 03B-4B5 5KA-17>5 ;- 2 ,-.:0328-3 -= ;?5

=-44-903@ >01J =2,;->1V .2>J5; >01JE ,>560; >01JE 15W45.53; >01JE 40F7060;< >01JE -A5>28-324 >01J 236 45@24 >01J+ R-> 5K2.A45E ;?5>5 .2< :5 15>0-71 .2>J5;601>7A8-31 0= 5,-3-.0, -> A-408,24 -> -;?5> 73=->51553 5B53;1 4-,244< -> -B5>1521 2X5,; ;?5 .2>J5;+ #3 26608-3 ;- ;?515 ;01J ;?5>5 .2< :5

-;?5> =2,;->1 17,? 21 2,,-7383@ 236 ;2K ;>52;.53; 011751 ;?2; ;>265>1 1?-746 ,-31065>+ Y2< ;>2603@ .2< :5 5K;>5.54< >01J2603@ @535>244< 013-; 2AA>-A>02;5 =-> 1-.5-35 -= 40.0;56 >51-7>,51 236 40.0;56 03B51;.53; -> ;>2603@ 5KA5>053,5 236 4-9 >01J ;-45>23,5+ *-7 1?-746 :5 A>5A2>56 ;-

4-15 244 -= ;?5 =7361 ;?2; 62< ;>2603@+ #3 A2>8,742>E 58>5.53; 12B03@1E 1;7653; 4-231E

15,-36 .->;@2@51E 5.5>@53,< =7361E =7361 15; 21065 =-> A7>A-151 17,? 21 567,28-3 -> ?-.5 -935>1?0AE -> =7361 >5F70>56 ;- .55; 40B03@

5KA53151+ R7>;?5>E ,5>;203 5B0653,5 0360,2;51 ;?2; 23 03B51;.53; -= 4511 ;?23 [\]E]]] 9044 10@30L,23;4< 0.A20> ;?5 2:040;< -= 5F70;< 62< ;>265> ;- .2J52 A>-L;+ O= ,-7>15E 23 03B51;.53; -= [\]E]]] -> .->5 9044 03 3- 92< @72>23;55 17,,511+ '15> >5A>5153;1 ;?2; 715> 7365>1;2361E 01 292>5 -=E 904403@236 2:45 ;- 2117.5 ;?5 >01J1 651,>0:56 2:-B5+ *-7 9044 :5 1-454< >51A-310:45 =-> 65,010-31 >5@2>603@ ;?5 ;>2603@ ,-367,;56 03 2,,-73;+

D?5 03=->.28-3 ,-3;20356 ?5>503 01 ;?5 A>-A5>;< -= !"#$%&'()*+!O$ 236 01 A>-;5,;56 :< 2AA40,2:45 ,-A0@?; 429+ '15> 2@>551 3-; ;- >5A>-67,5E>5Z;>231.0;E 60115.032;5E 1544E 601;>0:7;5E A7:401?E :>-26,21;E ,0>,742;5 -> ,-..5>,0244< 5KA4-0; ;?5 #3=->.28-3 03 23< .2335> 90;?-7; ;?5 5KA>511

9>0W53 ,-3153; -= !"#$%&'()*+!O$ -> ;?5 A>-B065>1+ !"#$%&'()*+!O$ >515>B51 ;?5 >0@?; ;- ;5>.032;5 2,,511 ;- 03=->.28-3 ,-3;20356 ?5>503+&< 2,,51103@ ;?01 03=->.28-3 5 2,J3-9456@03@ 7365>1;23603@ 236 ,-3153; ;- ;?5 =->5@-03@ 236 1?244 3-; ?-46 !"#$%&'()*+!O$ 402:45+

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"#$% &'($ ')*%+, ') -.%/ ,$% 011& ')*%+, ') .1)%234

"#$%%&' ()*&+

Introduction

Day 2



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[ Introduction ]

5$6, 217 8'99 9%6&)/ 6): 8$6, ,1 %;0%(, ?

Z &765> D; _ (5101;23,5V Q0B-; Q-03;1 236 R74,>7. Q-03;1

Z G7AA->; _ (5101;23,5V R0:-32,,0 `5B541

Z G7AA->; _ (5101;23,5V P->;?5>3 a G-7;?5>3 "5.01A?5>5

Z $2>J5; (5B5>124 D0.51

Z P591 236 O;?5> !>08,24 RO()S R7362.53;241

Z (5,-@30b03@ 236 ;>2603@ &>52J-7;1

Z D?5 .2>J5;c1 .-1; A-95>=74 10@3241

Z Y01,>58-32>< D>265 [email protected];

Z '103@ 27;-.2;56 ;>265 5K5,78-3 ;--41

Z$21;5>03@ ;?5 .53;24 @2.5

Z d_%

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Buying and Selling: Order Types

Day 2



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[ Buying and Selling: Order Types ]

What"s an Order?

D?5 ,4053; ;5>.0324 244-91 52;5 236 1536 ->65>1 ;- 5K5,7;5 ;>2603@

;>2312,8-31+

D?5 ;5>.0324 ,23 241- ,-3;>-4 236 .232@5 -A53 A-108-31+ R-> ;?01 A7>A-15E

;?5>5 2>5 15B5>24 ;2603@ ->65>1+ D?5 ->65> 01 2 ,-..236 -= ;?5

,4053; ;- ,-367,; 2 ;>2603@ ;>2312,8-3+

D?5>5 2>5 e ;65>1 ;2603@ ;?5 RO()S .2>J5;+

$2>J5; O>65>1

Q53603@ O>65>1

D2J5 Q>-L; O>65>1

G;-A `-11 O>65>1

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Market Order

"@6&A%, B&:%&4 01 2 ,-..236 ;- :7< -> 1544 2 L323,024 031;>7.53; 2; ;?5

,7>>53; A>0,5+ )K5,78-3 -= ;?01 ->65> >5174;1 03 ;?5 0..5602;5 -A5303@ -= 2

;>2603@ A-108-3+

Pending Order

"C%):')D 1&:%&4 01 2 ,-..236 ;- -A53 -> ,4-15 A-108-31 03 ;?5 =7;7>5 2; 2

1A5,0L56 A>0,5+ D?01 ->65> 01 7156 ;- -A53 2 ;>2603@ A-108-3 9?53 F7-;51 >52,? 2

,5>;203 45B54+ D?5 =-44-903@ ;65>1 2>5 2B2042:45V E72 F'.',E E72G,10E G%99 F'.',E 236 G%99 G,10+ % A53603@ ->65> ,23 :5 =-44-956 :< G;-A `-11 236

D2J5 Q>-L; ->65>1+ f?53 2 A53603@ ->65> 01 2,8B2;56E G;-A `-11 236 D2J5 Q>-L;

->65>1 2>5 27;-.28,244< 2W2,?56 ;- ;?5 -A53 A-108-3+

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Take Profit Order

"#6A% C&1H,401 23 ->65> 03;53656 ;- .2J5 2 A>-L; 9?53 ;?5 A>0,5 -= 2 L323,024

031;>7.53; >52,?51 ;?5 6510>56 45B54+ )K5,78-3 -= ;?01 ->65> ,4-151 ;?5 A-108-3+

% D2J5 Q>-L; ->65> 01 2492 2 A53603@ ->65>+

D- ,?5,J 9?5;?5> ,-3608-31 -= ;?01 ->65> 2>5 .5; =-> 4-3@ A-108-31 ;?5 &06 A>0,501 7156E 236 =-> 1?->; A-108-31 ;?5 %1J A>0,5 01 7156+

Stop Loss Order

"G,10 F1++4Z ;?01 ->65> 01 03;53656 ;- .030.0b5 4-1151E 0= ;?5 A>0,5 -= 2 L323,024

031;>7.53; .-B51 03 23 73A>-L;2:45 60>5,8-3+ G7,? 23 ->65> 01 2492 2 A53603@ ->65>+ D- ,?5,J 9?5;?5> ,-3608-31 -= ;?01 ->65>

2>5 .5; =-> 91)D 01+'-1)+ ,$% E': 0&'(% '+ 7+%:E 236 =-> +$1&, 01+'-1)+ ,$% I+A

0&'(% '+ 7+%:3

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Buying and Selling: Perfect Timing

Day 2



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[ Buying and Selling: Perfect Timing ]

What is the best time to trade?

D?5 RO()S .2>J5; 01 -A53 =-> ;>2603@ geZ?-7>1 -= ;?5 62< 236 8.03@ 01

,>08,24+

!?--103@ ;?5 :51; 8.5 ;- ;>265 01 2 A-95>=74 92< ;- .2K0.0b5 ;?5 A>-L;A-;53824 -= 5B5>< ;>265+ Q>-=5110-324 ;>265>1 J3-9 ;?01 15,>5;+ D?55=744< ,?--15 ;?5 8.03@ -= ;?50> ;>2651 ;- A>-67,5 ;?5 .-1; A>-L;1+

*-7 ,23 .2J5 ;?01 12.5 ,?-0,5 h 236 .2K0.0b5 A>-L;1 -3 5B5>< ;>265+

#3 1?->;E 265 ;?5 Q-95> "-7>1+ `5;I1 5K2.035 9?2; @0B51;?5 Q-95> "-7>1 ;?50> >5.2>J2:45 A-;53,0b56 03 ;9-

9->61V B-47.5 236 B-42840;

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What are the Power Hours?

D?5 Q-95> "-7>1 2>5 ;?5 8.51 9?53 B-47.5 236 B-42840;< >015 ;- A52J 45B541+

"0@? ;>2603@ B-47.5 .5231 ;?2; .23< 4-;1 -= 2 A2>8,742> ,7>>53,< A20>1 2>5

:503@ :-7@?; 236 1-46+ "0@? B-42840;< .5231 ;?2; ,7>>53,< A20> A>0,51 2>5

.-B03@ =21; 236 ;>53603@ F70,J4,5 -= ?0@? B-47.5 236 1;>-3@ B-42840;< ,23 ,2715 42>@5 A0A

.-B5.53;1 03 352>4< 5B5>< .2T-> ,7>>53,< A20> 67>03@ ;?5 Q-95> "-7>1+

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When are the Power Hours?

D?5 Q-95> "-7>1 -= ;?5 RO()S .2>J5; 2>5 21 =-44-91V

J6. ,1 K>0. LG# M *51E ;?5 .-1; 2,8B5 ;>2603@ A5>0-6 421;1 -34< =-7>

?-7>1 5B5>< 62< 2,8B5E 9036-9 ;?2; 1-.5 ,7>>53,< ;>265>1 ,244 ;?5 j?-; b-35+k

%36 .23< A>-=5110-324 ;>265>1 =-,71 ;?50> :51; 5X->;1 -3 ;>2603@ 67>03@;?-15 =-7> A-95>=74 ?-7>1+

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What to trade during the Power Hours?

D?515 ,7>>53,< A20>1 ;536 ;- ?2B5 ;?5 42>@51; B-47.5 67>03@ ;?5 Q-95>

"-7>1V

J6. ,1 K>0. LG#

)'(M'GY

'GYM!"R

'GYM!%Y

U&QMlQ*U&QM!"R

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The European Session

D?5 )7>-A523 15110-3 01 ?526F72>;5>56 03 `-36-3+ D?5 42>@5 37.:5> -= .2>J5;

A2>8,0A23;1 ?21 .265 `-36-3 ;?5 9->46I1 .-1; B-42845 .2>J5; =-> ;>2603@ ,7>>53,051+

%36 0; 403J1 90;? :-;? ;?5 %1023 236 %.5>0,23 15110-31+

`--J 2; ;?5 U&QMlQ* 236 ;?5 U&QM!"R =-> 1;>-3@ A>0,5 .-B5.53;1 21 )7>-A523 2115;1

2>5 ,-3B5>;56 03;- 6-442>Z653-.032;56 2115;1+ D?515 ,-3B5>10-31 ,23 ,2715 ;?5

,7>>53,051 ;- .2J5 1;>-3@ A>0,5 .-B5.53;1+

)7>-A523 G5110-3 f2;,? `01;V

U&QM!"RU&QMlQ*

'GYM!"R

U&QM'GY

'GYM!%Y

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The US Session

D?5 'G 15110-3 01 ?526F72>;5>56 03 P59 *->J+ D?5 U&QMlQ* 236 'GYM!"R 1?-9 ?0@?

B-47.5 236 B-42840;< 67>03@ ;?01 8.5 103,5 ;?50> ;>2312,8-31 >5F70>5 'G 6-442>1+

D>2603@ 67>03@ ;?01 15110-3 :5,-.51 5B53 .->5 2,8B5 9?53 ;?5 'G 1;-,J 236 :-36

.2>J5;1 -A53 :5,2715 =->50@3 03B51;->1 3556 ;- ,-3B5>; ;?50> ,7>>53,051 03;- 6-442>Z

6-.032;56 2115;1+ D?5 U&QM!"R -m53 .2J51 1;>-3@ A>0,5 .-B5.53;1 67>03@ ;?01

A5>0-6+

'G G5110-3 f2;,? `01;V

U&QM!"R

U&QMlQ*'GYM!"R

U&QM'GY

'GYM!%Y

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[ Perfect Timing study by FXCM ]

*-7 ,23 155 ;?2; A5>0-61 -= 1;>-3@ ;>265> A5>=->.23,5 4035 7A 90;? 4-9ZB-42840;< ;>2603@?-7>1+ D>265>1 ;536 ;- 155 ;?5 :51; >5174;1 67>03@ ;?5 %1023 ;>2603@ 15110-3E 236 ;?5

,?2>; :54-9 1?-91 ;?2; ;?5 )7>- ;5361 ;- .-B5 =2> 4511 ;?>-7@? ;?01 A5>0-6+

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Buying and Selling: The Power Play

Day 2



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[ The Power Play ]

Relative Strength of the EUR/GBP

D?01 ,7>>53,< A20> ?21 2 4-; ;- 12< 236 B5>< =59 ;>265>1 2>5 401;5303@+ %1 2

A>-=5110-324 ;>265>E L3603@ 23 56@5 -> 23@45 ;- 03,>5215 A>-L;1 01 0.A->;23; ;-

17,,511+

R03603@ 60>5,8-324 1;>53@;? -> >5428B5 1;>53@;? 01 B0;24 ;- 3-; -34< ,?--103@ ;?5 >0@?;,7>>53,< A20> ;- ;>265E :7; 9?2; 60>5,8-3 ;- ;>265 0;+

$-1; RO()S ;>265>1 2>-736 ;?5 9->46 =-,71 -3 ;?5 )'(M'GY 236M-> ;?5 U&QM'GY+

P-; -34< 2>5 ;?5< ;?5 .-1; A-A742> -= ;?5 ,7>>53,< A20>1E :7; ;?5< -m53 ;>265 03 2

10.042> 60>5,8-3+

D?01 -:15>B28-3 @0B51 ;>265>1 2 15315 -= 15,7>0;< -= :503@ :74401? -> :52>01? :-;? -=;?515 A20>1 2; ;?5 12.5 8.5+ D?01 1;>2;5@< 1-.58.51 01 2 >5,0A5 =-> 60121;5>+

%324

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[ The Power Play ]

EUR/GBP

G;5A nV %324

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[ The Power Play ]

EUR/USD

G;5A gV %324>53,< A20> =-> 60>5,8-324 1;>53@;?

Y2;5V nnMeMg]no

='+(7++'1)? f?2;

1;2361 -7; ?5>5p

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[ The Power Play ]

GBP/USD

G;5A oV %324

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[ The Power Play ]

EUR/GBP

G;5A nV %324

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[ The Power Play ]

EUR/USD

G;5A gV %324>53,< A20> =-> 60>5,8-324 1;>53@;?

Y2;5V nMgeMg]ne

='+(7++'1)? f?2;

1;2361 -7; ?5>5p

anq] Q0A1

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[ The Power Play ]

GBP/USD

G;5A oV %324

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Buying and Selling: The Cone Trade

Day 2



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[ The Cone Trade ]

AUD/USD

G;5A oV %324

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[ The Cone Trade ]

XAU/USD (GOLD)

G;5A oV %324

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Buying and Selling: The Taking Profit

Day 2



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[ Buying and Selling: Taking Profits ]

USD/JPY

G;5A oV %324

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USD/JPY

G;5A oV %324

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USD/JPY

G;5A oV %324

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USD/JPY

G;5A oV %324

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EUR/USD

G;5A oV %324

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EUR/USD

G;5A oV %324

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EUR/USD

G;5A oV %324

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EUR/USD

G;5A oV %324

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How to Spot Reversal Signs

Day 2



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[ How to Spot Reversal Signs ]

p

`01; o;; ;?2;

9-746 ,2715 A>0,5 2,8-3 ;-

1;-A 0;1 >5;>2,5.53;+

nt uuuuuuuuuuuuuuuuuuu

gt uuuuuuuuuuuuuuuuuuu

ot uuuuuuuuuuuuuuuuuuu

='+(7++'1)? `5;I1 ,-38375

;?5 ,-3B5>128-3+

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p

`01; o;; ;?2;

9-746 ,2715 A>0,5 2,8-3 ;-

1;-A 0;1 >5;>2,5.53;+

nt uu$-B03@ %B5>2@5uuuu



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p

`01; o;; ;?2;

9-746 ,2715 A>0,5 2,8-3 ;-

1;-A 0;1 >5;>2,5.53;+


gt uuR0:-32,,0 5B54uuuuu


+org

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p

`01; o;; ;?2;

9-746 ,2715 A>0,5 2,8-3 ;-

1;-A 0;1 >5;>2,5.53;+


gt uuR0:-32,,0 `5B54uuuuu

ot uuQ0B-; Q-03;uuuuuuuuu

Gn

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L;%&('+%? P2.5 ;?515 ,2364518,J

=->.28-31+

n g o e \

Bullish Reversal Signs

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L),&2

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L),&2

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L),&2

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L),&2

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L),&2

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p

`01; o;.28-31 ;?2; ;- 10@30=< ;?2; ;?5

;>536 .0@?; ,-38375+

nt uuuuuuuuuuuuuuuuuuu




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p


@1*')D I*%&6D% O%+'+,6)(%

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p


+org

P'Q1)6((' F%*%9 O%+'+,6)(%

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p


(n

C'*1, C1'), O%+'+,6)(%

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L;%&('+%? P2.5 ;?515 ,2364518,J

=->.28-31+

n g o e \

Bearish Reversal Signs

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L),&2

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L),&2

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L),&2

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L),&2

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L),&2

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Keys to Trading a Counter Trending Market

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[ Understanding the Countertrend ]

What is a Countertrend?

% ;>2603@ 1;>2;5@< 9?5>5 23 03B51;-> 2W5.A;1 ;- .2J5 1.244 @2031

;?>-7@? 2 15>051 -= ;>2651 2@2031; ;?5 ,7>>53; ;>536+ #; 01 241- J3-93 21v,-73;5>Z;>536 ;>2603@+k

f?045 .-1; ;>265>1 9044 2,J3-9456@5 ;?2; ;>2603@ 03 ;?5 60>5,8-3 -=

;?5 4-3@5> ;5>. ;>536 01 ;?5 ?0@?5> A>-:2:040;< 92< -= ;>2603@E ;?5>5

2>5 1-.5 ;>265>1 9?- 2>5 4--J03@ ;- ;>265 2 ,7>>53,< A20> 21 0; >5;>2,51

-> A7441 :2,J =>-. 0;1 -B5>244 ;>536+

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What is a Countertrend?

D>53,< A20> ?21 .265 2 1;>-3@ .-B5 -B5> 23

5K;53656 A5>0-6 -= 8.5 03 -35 60>5,8-3E 2 >5;>2,5.53; 01 40J54< ;- ;2J5

A42,5+ D?5 1;>-3@5> 236 4-3@5> ;?5 .-B5 03 ;?5 60>5,8-3 -= ;?5 ;>536

01E ;?5 1;>-3@5> ;?5 A744:2,J 01 40J54< ;- :5+

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Executing the Countertrend

R.01&,6),? R036 ;?5 53;>< 236

#6538=< ;?5 ;2>@5; 236 1;-AE

J55A03@ 03 .036 ;?2; ;?5

.-B5 ?0@?5> 01 A>-:2:4< @-03@

;- :5 1?->; 40B56+

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E% (6&%244

;>536 01 :52>01?+ #ISL

COBPR# IT= OUTV

ars Q0A1

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TB#RWL? %1 5KA5,;56 ;?5.203 ;>536 J0,J1 03;- @52>

236 .-B51 ;?5 .2>J5; 4-95>+

ars Q0A1

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Support and Resistance: Highs and Lows

Day 2



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[ Using Highs and Lows Effectively ]

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Support and Resistance: Pivot Points and

Fulcrum Points

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[ Pivot Points ]

What are Pivot Points?

C'*1,+ C1'),+ 6&% +'D)'H(6), 9%*%9+ ($6&-+,+ (6) 7+% ,1 :%,%&.')%

:'&%(-1)69 .1*%.%),/ +7001&, 6): &%+'+,6)(%3Q0B-; Q-03;1 715 ;?5 A>0->

A5>0-6c1 ?0@?E 4-9 236 ,4-15 ;- =->.742;5 =7;7>5 17AA->; 236 >5101;23,5+ #3

;?01 >5@2>6E Q0B-; Q-03;1 2>5 A>560,8B5 -> 452603@ 0360,2;->1+

Q0B-; Q-03;1 95>5 ->0@03244< 7156 :< w--> ;>265>1 ;- 15; J5< 45B541+ R4-->

;>265>1 2>5 ;?5 ->0@0324 62< ;>265>1+ D?5< 6524 03 2 B5>< =21; .-B03@

53B0>-3.53; 90;? 2 1?->;Z;5>. =-,71+

%; ;?5 :5@03303@ -= ;?5 ;>2603@ 62 ;>265>1 9-746 4--J 2; ;?5

A>5B0-71 62 ;?5 ,7>>53;;>2603@ 62;?5> ,24,7428-31 95>5

7156 ;- 15; 17AA->; nE 17AA->; gE >5101;23,5 n 236 >5101;23,5 g+ D?515 45B541

9-746 ;?53 :5 7156 ;- 21101; ;?50> ;>2603@ ;?>-7@?-7; ;?5 62

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[ Pivot Points ]

What are Pivot Points?

GK

C

OK

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[ Fulcrum Points ]

What are Fulcrum Points?

D?515 2>5 J3-9 21 jP2;7>24 Q0B-; Q-03;1Ek ;?5>5=->5 95 ;2J5 ;?515 A>0,5

A-03;1 03;- ,-31065>28-3 -3 -7> ,?2>;1 21 2 A-110:45 2>52 -= 17AA->; 236

>5101;23,5+

]]V j;?5 L@7>5k =74,>7.

g]V A0A1 -B5> j;?5 L@7>5k

\]V j?24= ;?5 L@7>5k =74,>7.

r]V A0A1 -B5> j;?5 L@7>5k

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[ Fulcrum Points ]


XECYUG= XECYZC[

n+qn]]] nqr+]]]n+q]r]] nqs+r]]

n+q]\]] nqs+\]]

n+q]g]] nqs+g]]

n+q]]]] nqs+]]]

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[ Fulcrum Points ]


"\\4

"J\4

"]\4

">\4

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Support and Resistance: Fibonacci Levels

Day 2



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[ Who was Fibonacci? ]

F%1)6&:1 C'+6)1 E'D1991x,+ nns] y ,+ ng\]t

D?5 v@>52;51; )7>-A523 .2;?5.28,023 -= ;?5 .06645 2@51Ev ?5 921 J3-93

21 `5-32>6- -= Q012E -> `5-32>6- Q0123- 03 #;24023 103,5 ?5 921 :->3 03 Q012E

#;246- @>59 7A 90;? 2 P->;? %=>0,23 567,28-3 7365> ;?5 $-->1 236 42;5>;>2B54456 5K;5310B54< 2>-736 ;?5 $560;5>>23523 ,-21;+ "5 9-746 ?2B5 .5;

90;? .23< .5>,?23;1 236 452>356 -= ;?50> 10;?.58,+ "5

1--3 >5240b56 ;?5 .23< 26B23;2@51 -= ;?5 v"0367Z%>2:0,v 1 244 ;?5

-;?5>1+

"5 921 -35 -= ;?5 L>1; A5-A45 ;- 03;>-67,5 ;?5 "0367Z%>2:0, 37.:5> 1-A5 Z ;?5 A-108-324 1-V

n g o e \ q s r z ]

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[ The Fibonacci Sequence ]

G;2>83@ 90;? ] 236 nE 52,? 359 37.:5> 03 ;?5 15F753,5 01 10.A4< ;?5 17.

-= ;?5 ;9- :5=->5 0;+

]E nE nE gE oE \E rE noE gnE oeE \\E rzE neeE + + +

D?5 >28- -= 52,? 17,,5110B5 A20> -= 37.:5>1 03 ;?5 15F753,5 2AA>-K0.2;51

A?0 xn+qnr+ + +t E 21 \ 60B0656 :< o 01 n+qqq{E 236 r 60B0656 :< \ 01 n+q]+

D?5 >28-1 -= ;?5 17,,5110B5 37.:5>1 03 ;?5 R0:-32,,0 15F753,5 F70,J4@5 -3 Q?0 ^#$% X19:%) O6-1_3 %m5> ;?5 e];? 37.:5> 03 ;?5

15F753,5E ;?5 >28- 01 2,,7>2;5 ;- n\ 65,0.24 A42,51+

K3`KJ\NNaJJbcaJa] 3 3 3

%41- 3-;5 ;?2; ;?5 03B5>15 -> >5,0A>-,24 -= n+qnr 01 \3`KJ

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[ Fibonacci Levels ]


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Support and Resistance: North and

Southern Hemisphere

Day 2



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[ Northern Hemisphere ]

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[ Southern Hemisphere ]

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[ The Transition ]

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Market Reversal Times

Day 2



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[ Market Reversal Times]

D?01 8.5 01 9?53 ;>265>1 >5244< :5@03 ;- 155 ;?50> L>1; j>524k 2,8-3 -= ;?5 62-A523

.2>J5; ?21 T71; -A5356 o] .037;51 A>0-> 236 B-47.5 01 1;2>83@ ;- w--6 ;?5 .2>J5;+ D?01 01 241-

2>-736 ;?5 8.5 9?53 .2T-> 3591 233-73,5.53;1 ;2J5 A42,5 =-> ;?5 )7>- |-35+ `--J =-> 1-.5

;5B5>124 -> 1;244 =>-. 2 ;>536 ;?2; .2< ?2B5 :553 03 A42,5 =>-. ;?5 %1023 15110-3+

D?01 .2>J1 23-;?5> .2T-> >5B5>124 8.5E 21 0; 653-;51 ;?5 -A5303@ -= ;?5 `-36-3 $2>J5;+ D?5

>521-3 =-> ;?5 0.A->;23,5 01 ;?2; oe} -= ;?5 6204< RS B-47.5 ,-.51 =>-. ;?5 '^+ f0;? :-;?

)7>-A523 .2>J5>1 -A53 236 .2T-> '^ 3591 233-73,5.53;1 ?2AA5303@ 2; eVo]2. )GDE 0; .2J51

;?01 8.5 -= 62< ~)(* 03;5>5183@+ `--J =-> .2T-> 1;-AA2@51 -= 7A 236 6-93 ;>5361 ;- -,,7>

2>-736 ;?01 8.5+

D?01 8.5 .2>J1 ;?5 J0,JZ-X =-> ;?5 'G 15110-3+ %; ;?01 A-03; 03 ;?5 62 .2>J5;1 x'GE

)7>-E 236 '^t 2>5 -A53 =-> :7103511+ % @--6 .2T->0;< -= ;?5 'G 3591 233-73,5.53;1 ;2J5 A42,5

67>03@ ;?01 8.5+ )1A5,0244< ;?5 P-3ZR2>. Q2-44 37.:5>1 -3 ;?5 L>1; R>062< -= 5B5>< .-3;?+

&2156 -3 ;?5 3591 236 ;?5 )7>- .2>J5;1 :>52J03@ =-> 473,?E ;?01 8.5 01 J3-93 =-> >5B5>103@

;>5361 =>-. ;?5 )7>- 15110-31 236 1;2>83@ 359 -351 9?0,? ,23 421; =-> ;?5 >5.20303@ -= ;?5 62?N\6. LG#

N?N\ d c?N\6. LG#

J?N\6. LG#

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[ Market Reversal Times]

K\?N\ MKK?N\6. LG#

D?01 8.5 01 J3-9 =-> 0;1 B-42840;5361 15; 52>405> 03 ;?5 62< :< :-;? .2>J5;1 ,23 L36 ;?5.154B51 9544

-B5>:-7@?; -> -B5>1-46 67>03@ ;?01 8.5 -= 62J5; 1;>5;,?51 ;- 15; 359 ?0@?1 -> 359 4-91E

#318;78-324 ;>265>1 03 )7>-A5 2>5 4--J03@ ;- ,4-15 7A 1?-A =-> ;?5 62< 236 ,-.A45;5 23< 421; ;>2312,8-31>5F70>56 -= ;?5. :5=->5 ;?5< 452B5+ #3 6-03@ 1-E ;?01 6>051 7A .7,? -= ;?5 B-47.5 03 ;?5 .2>J5; 236 -3,5

1;>-3@ ;>5361 :5@03 ;- j=265k -> >5B5>15 ,-7>15+ D?01 8.5 241- .2>J1 9?53 ;?5 'G 15110-31 A>5A2>51 ;- :>52J

=-> 473,?E 9?0,? 241- 2661 ;- ;?5 >5B5>124 -= A>5B0-71 ;>5361+ `--J =-> .2>J5; >52,8-3 =>-. ;?5 3591

233-73,5.53;1 2; ;?5 n]V]] ?-7> ;- 155 0= A>0,5 01 14-903@ -> 2,,545>283@ 03;- ;?5 ,4-15 -= `-36-3+

D?01 8.5 653-;51 9?53 ;?5 :-36 .2>J5; ,4-151+ D?5>5 2>5 6203@ 9?0,? :-361 2>5 ;?5 .2T-> 17AA->; =->

244 .2>J5;1+ f?53 :-361 2>5 17AA->83@ 2 >01J =>05364< 53B0>-3.53; 236 ;?5 .2>J5; 4-151 0;1 =>0536 2; oV]]E 2

,?23@5 03 60>5,8-3 ,23 :5 0@30;56+ !-3B5>1545 2>5 6203@ 9?0,? :-361 2>5 2 .2T-> 17AA->; =->12=5;5 A>-B03@ ;- ?2B5 2 >01J 2B5>15 -7;4--J -3 ;?5 623 =->

.->5 >01J ;-45>23,5 ,23 .2;5>024+

D?01 8.5 .2>J1 ;?5 8.5 9?53 :-;? ;?5 %71;>24023 236 %1023 $2>J5;1 2>5 -A53+ $2T-> 3591 233-73,5.53;167>03@ ;?01 8.5 ,23 236 -m53 15;1 ;?5 ;-35 =-> ;?5 .2>J5; ;- ;>536 03 =-> ;?5 >51; -= ;?5 15110-3+ $-1; 625.2031 03 ;?5 >23@5 15; :< ;?5 $2T-> .2>J5;1 52>405> 03 ;?5 62

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News and Other Critical FOREX

Fundamentals

Day 2



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[ Trading the News ]

Should I trade the News?

#&6:')D ,$% )%8+ 01 2 ;5,?30F75 ;- ;>265 5F70851E ,7>>53,051 236 -;?5>

L323,024 031;>7.53;1 -3 ;?5 L323,024 .2>J5;1+

D>2603@ 3591 >5452151 ,23 :5 2 10@30L,23; ;--4 =-> L323,024 03B51;->1+ ),-3-.0,3591 >5A->;1 -m53 1A7> 1;>-3@ 1?->;Z;5>. .-B51 03 ;?5 .2>J5;1E 9?0,? .252;5 ;>2603@ -AA->;730851 =-> ;>265>1+

%33-73,5.53;1 2:-7; 03;5>51; >2;51E 735.A4- ;?5

,53;>24 :23Jc1 A-40,< 1?0m1E ,23 ,2715 2 655A ,?23@5 -= 23 5K,?23@5 >2;5+

L(1)1.'( &%9%6+%+ (6) Q% ,&6:%: %',$%& 0&16(-*%92 1& &%6(-*%923

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[ Trading the News ]

Forexfactory.com

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Recognizing and Trading Breakouts

Day 2



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[ Recognizing and Trading Breakouts ]

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G,%0 K? '15 ;>53640351 ;-

65;5>.035 ;?5 ,-31-40628-3

2>52

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G,%0 >? $5217>5

;?5 2A5K

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G,%0 N? %m5> ;?5 :>52J-7;E

715 2A5K .5217>5.53; ;-

65;5>.035 ;?5 ;2>@5;

P-8,5 9?2;

1A2>J56 ;?5

.-B5+

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#6&D%, $',

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G,%0 K? '15 ;>53640351 ;-

65;5>.035 ;?5 ,-31-40628-3

2>52

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G,%0 >? $5217>5

;?5 2A5K

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G,%0 N? %m5> ;?5 :>52J-7;E

715 2A5K .5217>5.53; ;-

65;5>.035 ;?5 ;2>@5;

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#6&D%, $',

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[ Power Signals ]

G,%0 K? '15 ;>53640351 ;-

65;5>.035 ;?5 ,-31-40628-3

2>52

='+(7++'1)V f?2;

1;2361 -7; 2:-7;

;?515 15;7A1p

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[ Power Signals ]

G,%0 K? '15 ;>53640351 ;-

65;5>.035 ;?5 ,-31-40628-3

2>52

='+(7++'1)V f?2;

1;2361 -7; 2:-7;

;?515 15;7A1p

='+(7++'1)V f?2;

1;2361 -7; 2:-7;

;?515 15;7A1p

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G,%0 K? '15 ;>53640351 ;-

65;5>.035 ;?5 ,-31-40628-3

2>52

='+(7++'1)V f?2;

1;2361 -7; 2:-7;

;?515 15;7A1p

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FOREX 101:

Mastery for Beginner andIntermediate Traders

Discretionary Trade Management

Day 2



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[ Manage your Money ]

Why Trade/Risk Management isImportant?

$-35< [email protected];E 241- ,24456 >01J [email protected];E 01 2 ,->5 ,-3,5A; ;?2;

; 90;? 0..5602;54< 9?53 3 236 0; 1?-746

:5 ;?5 B5>< ,->5 =-,71 ;?>-7@?-7; ;>2603@ ,2>55>+

#; 9044 244-9 =->.23,5 6-93;7>31 236 0; 9044 A>515>B5

;>2603@ 2,,-73; 67>03@ ;?515 8.51E 532:403@ >< -3 ;>2603@+

D?5 ,->5 A>03,0A45 -= .-35< [email protected]; 01 ;?2;

>01J 2 B5>< 1.244 A->8-3 -= ;?5 .-35< ;?2; 265 90;? -3 23265+

,-./01 21 $34&%-'5 +6 %-78 .$'$5&.&'+9 $' $::6)'+ :$' 7)%;-;& 06'5&%

3%$

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$23< A>-=5110-324 ;>265>1 6- 3-; 26B-,2;5 >01J03@ 23< .->5 ;?23 n} ;-

g} -= 23 2,,-73; -3 2 103@45 ;>265+

`0.083@ >01J A5> ;>265 ;- 2 .2K0.7. -= KM>e -= 9?-45 2,,-73;@>52;4< >567,51 ;?5 5X5,; -= 4-103@ 1;>52J1E 21 515>B5 ;?5

.2T->0;< -= ;>2603@ 2,,-73;+

(01J03@ -34< n} -3 52,? ;>265 .5231 2651 03 2 >-9

236 1844 >5;203 -B5> r]} -= 1;2>83@ ,2A0;24+

#= 5 ;- >01J \} A5> ;>265E 2m5> ;953;< 4-103@ ;>2651 ;?5>5 9-746

:5 4511 ;?23 e]} -= ->0@0324 1;2>83@ ,2A0;24 >5.20303@+

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Risk/Rewarddoes it really matter?

[17& &'+A &%86&: &6-1 +$179: %)+7&% ,$6, 217 D6') .1&% ,$6) 217 91+%V

D?5 >01J ;- >592>6 >28- 01 ?-9 .7,? ,2A0;24 2 ;>265> 01 904403@ ;- >01J 03

->65> ;- @203 ;?5 A-;53824 >592>6 -3 ;?5 ;>265+ *-7 ,23 715 50;?5> 2

.-35;2>< B2475 -> A0A B2475 9?53 ,24,74283@ ;?5 >01J ;- >592>6+

R-> 5K2.A45{ 0= 5 &'+A')D fK;- A-;538244< .6A% f>E ;?5 >592>6 01

60B0656 :< ;?5 >01J 236 1- ;?5 &'+A ,1 &%86&: &6-1 '+ K?>3

#= 5 >01J03@ N\ 0'0+-3 2 ;>265 236 ?2B5 2 N\\ 0'0 0&1H, ,6&D%,E ;?5

&'+A ,1 &%86&: &6-1 '+ K?K\3

f?53 4--J03@ ;- ;2J5 2 ;>265E

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Risk/Rewarddoes it really matter?

%3< 8.5 53;5>03@ 03;- 2 ;>265E 5Z65;5>.0356 9?5>5

53;>< 9044 :5E 5Z65;5>.0356 9?5>5 1;-A 4-11 236 A>-L; ;2>@5;

9044 :5+

O3,5 5 1;-A 4-11 236 53;>< A-03; 01E 01J 236 A-;53824

A>-L; -3 ;?5 ;>265+

%1 2 @535>24 >745 -= ;?7.:E 2 >01J >592>6 >28- -= nVg -> :5W5>+ #= 01J ;- >592>6 >28- -= nVg ;?53 6 -= ;?5 ;>2651 ;- 903 ;- >5.203

:>52J 5B53+

D?5 >01J >592>6 >28- 01 ,4-154< ,-335,;56 ;- ;?5 A5>,53;2@5 -= ;>2651 ;?2; 536 7A 903303@+

#$% &'+A &%86&: &6-1 ',+%9< :1%+ )1, 67,1.6-(6992 .%6) +7((%++3 L*%) 6 &'+A &%86&: &6-1 165> ;- :5 17,,511=74 03 ;>2603@ ;?5 .53;24 @2.5+

*-7 2>5 24925A2>03@E 2324-,51103@ 236 5K5,783@+ %44 -=

9?0,? >5F70>5 .53;24 236 5.-8-324 1;2:040;265>E 0= 5 3-; 601,0A40356 236 =-44-9 >7451 -;?5>9015 >01J 17,,511 21 2 ;>265>+

#; ?21 :553 .< 5KA5>053,5 ;?2; .2T-> 4-1151 236 5K;>5.5 6>29 6-931

2>5 3-; 675 =-> ;?5 .-1; A2>; ;- 2 42,J -= J3-9456@5E :7; ;- 2 42,J -=

5X5,8B5 A423303@ 236 2 42,J -= =-44-9Z;?>-7@? 90;? >7451 236,-..0;.53;1+

The Road to Building Confidence

[ Mastering the Mental Game ]

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[ Mastering the Mental Game ]

The Road to Building Confidence

nt &5405= 03 154=+

gt D>71; 03 11;23603@ -= 9?2; ;>2603@ 10b5 1;23603@ -= ;?5 45B54 -= 4-1151 ;>2603@+

qt D?5 :5405= ;?2; 0; 01 A-110:45 ;- 903 03 ;>2603@+

st D?5 :5405= ;?2; 244 ?2>6 9->J 9044 :5 9->;? 0;+

rt D?2; 5 2 ;>265>E ;?2; 01 9?2; 15B5>23,5 ;- J55A ;>

Date post:	27-Feb-2018
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FOREX101 Day2

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