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Forex Trading — Creating and Testing a Strategy — Part 10

This is a free forex course aimed for the beginners and is part 10 of the series. In this video, you will look at how to create and test a strategy. This strategy makes use of RSI and Bollinger Bands indicator. As you can see, whenever the price stretches beyond the bands, it tends to move to the center of the band. This is a counter trend trading strategy. When the price stretches above the upper band with the RSI […]

Forex Trading — Trading Reversals — Part 9

This is a free forex course aimed for the beginners and is part 9 of the series. In this video, you will look at the counter trend or mean reversion trading. The counter trend trading strategy involves placing yourself against the flow of the market. However, momentum based strategies take advantage of the flow of the market. Counter trading makes you against what the majority believe about the market. Counter trend traders pay attention for market […]

Forex Trading — Trend Following — Part 8

This is a free forex course aimed for the beginners and is part 8 of the series. In this video, you will learn about the trend following strategy. The opposite of this is the mean reversion or counter trend trading. The trend trading strategy involves taking advantage of the direction of the market flow. To identify an existing trend and taking trades in the direction of the trend greatly enhances your profit potential. Now, look at a breakout trading example. As you […]

Forex Trading — Price Action — Part 7

This is a free forex course aimed for the beginners and is part 7 of the series. In this video, you will learn about the price action in forex trading. In simple terms, the price action can be explained as two coordinates on a chart. The X coordinate represents the time and the Y coordinate represents the price. Some traders like to study the details of price movement and do their price action analysis and like to come to conclusions before […]

Forex Trading — Having a Game Plan — Part 5

This is a free forex course aimed for the beginners and is part 5 of the series. For beginner traders, it is important to have a game plan in forex trading. You must start using a strategy and keep practicing with it. Without a strategy, you will end up becoming a gambler. You will make profits and then you will also lose them all. Hence, risk management becomes vital for success […]

Forex Trading — How to Setup a Demo Account — Part 4

This is a free forex course aimed for the beginners and is part 4 of the series. In this video, you will learn about the importance of demo account in forex trading. The demo account is very important for new traders coming into forex trading. Most of the forex brokers offer you a demo account along with the MetaTrader platform. Hence, you can practice your strategy using a demo account before you […]

Forex Trading — MetaTrader 4 Guide — Part 3

This is a free forex course aimed for the beginners and is part 3 of the series. In this video, you will learn about the MetaTrader platform. Most of the forex brokers offer you a demo account and the MetaTrader platform. Some brokers offer you custom platforms besides the MetaTrader platform. You can download the latest version of MetaTrader from the broker's website for free. By default, You have the charts of some pairs like the GBP/USD […]

Forex Trading — What Is a Currency Pair? — Part 2

This is a free forex course aimed for the beginners and is part 2 of the series. In this video, you will learn about currency pairs in forex trading. For example, consider the EUR/USD currency pair. Here, the EUR is the base currency, and the USD is the quote currency. When you go long with the EUR/USD pair, it means that you are buying the euro against the US dollar, speculating that the euro […]

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