Forex Tutorial
Any course of basic forex training must include a forex tutorial that covers fundamental analysis. That is because fundamental analysis is the broad canvas against which the detail of daily and minute-by-minute trading is painted.
Even the most hardened technical trader must know the context in which his charts are working - it helps him to see when markets are turning from one trend to another.
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Fundamental Analysis – the theory
A fundamental analysis is about getting to grips with the big economic events that shape movements in currency flows between nations. Money flows between nations are dependent on their relative economic strength, as importers pay for the goods they purchase from abroad. There are also huge pools of investment cash chasing the best returns across the world.
With fundamental analysis, you are looking at the events and economic news that may move currencies from one country to another, and so push forex rates up or down.
The skill lies in being able to see where currencies may be mis-priced by the market, and taking advantage of points where there will be an adjustment back to a proper price.
As part of the course you will learn:
- How to become familiar with your first free demo account
- How to easily set up your computer for forex trading
- Risk-free methods to make your money work for you
- How to simplify and completely understand forex trading
- The world’s simplest and safest way of making a living, trading forex online
- Crucial money-management strategies for maximum growth potential
Lets look at a worked example
It is good for any forex tutorial to include a practical work flow, so you can see what sorts of decisions need to be made. So let's look at the EUR/GBP cross.
You will have been keeping an eye on the EUR/GBP prices for several weeks, and have seen on overall weakening of the EUR. There is an impending rescue package being discussed to aid nations with severe deficits; but the market seems to hold out little help of an agreement.
Your analysis has shown that the markets are very often too pessimistic on the EUR, and there is often a big move up when an agreement is reached. You can take advantage of this potential mis-pricing. You place a buy trade of 1000 EUR, leveraged at 10:1, at the current spot of 1.055 EUR/GBP, just prior to when the date agreement must be made by.
You feel an upswing of 50 pips to 1.050 EUR/GBP is possible. So you plan to close out your trade a little lower, at say 40 pips, with a stop loss a few pips below the current rate.
On the day, an agreement is indeed reached, and the EUR lurches up to 1.051 – and you make a tidy profit of £36. But remember, you need a good feel for what drives the market long term to make these plays work. That requires a comprehensive forex tutorial package, good market intelligence and a lot of practice!
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Unlike other courses, my 4-week course cuts out the overload and provides all the clear-cut information you need to earn great money from Forex. It's simple, straightforward - and you don't need the IQ of a brain surgeon. And YES - you CAN start from an absolute, know-nothing beginning. Many of our most successful live traders - started from absolute scratch.
Because everyone on the course deserves my full attention, there are only a strict number of places available each month. This is to allow me to ensure you fully understand the course and learn as much as you can from it. For this reason I advise you to enrol today to avoid disappointment.