Forex-Trading for beginners Pt. 1: Trade with a system
Forex-Trading for beginners Pt. 1: Trade with a system, Theoretical basics to trade derivates on the Metatrader 4 platform.
Welcome, Traderfriend! Trading doesn’t have to be complicated and you really do not need a super math brain. You’ve come to the right place if you’re still a complete beginner in trading and are looking for the right start. In the basic course you will be taught theoretical and practical basics of forex trading in a beginner-friendly manner. The whole course is therefore divided into two courses – theory and practice. The goal is to get you in shape for strategic trading in the foreign exchange market although the strategy taught is also used for stock and crypto trading.
BASIC COURSE I – THEORY
In the theoretical part you will be introduced to the topic of forex trading, necessary terms will be explained and basic concepts will be illustrated. This includes topics such as:
- What is Forex?
- What are Pips, Lots and Leverage?
- What are Stop Loss and Take Profit?
- Difference in trading platforms: brokers, Metatrader 4 and Tradingview
- Understanding Risk and Expectation
- What are Trends, Hedges, Support & Resistance?
- Emotional stability
Starting with “What is Forex?” the video is aimed to give you an understanding about what exactly we’re dealing with. Pips, Lots and Leverage are basic terms that we will always use when it comes to placing and managing trades. Stop Losses and Take Profits are needed to calculate risk to reward ratios. Differences between broker platforms, Metatrader 4 and Tradingview are explained to get a clear picture of what is used when and how. Furthermore, concepts are presented that offer you a good introduction to risk management. Questions such as “What can I expect when it comes to profit?” are part of it. Identifying trends is major key for basic technical analysis. Concepts of Support & Resistance are demonstrated with easy to understand visuals inside the Metatrader 4 software. And last but not least is emotional stability because in the end you can have the best strategy in the world but if you’re not disciplined enough and too emotional it will be impossible to succeed. In the video we will find out if you’re ready for the unpleasant things usually nobody wants to show you.
All in all I hope this course will motivate you to take trading seriously and start on the right foot. Please continue with the practical part afterwards to get the whole experience.
I am wishing you happy trading,