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17 views42 pages

Level Up eBook (1)

Uploaded by

facttechz0j
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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SALAM

SUPER
TRADER
L E T ’S A L L S T R I V E F O R S U CC E S S A N D B E CO M E S U P E R
TRADERS!
What is Forex?
The foreign exchange market – also known as
forex or FX – is the world’s most traded market.

Forex trading is the buying and selling of global


currencies. It’s how individuals, businesses, cen-
tral banks and governments pay for goods and
services in other economies. Whenever you buy a
product in another currency, or exchange cash to
go on holiday, you’re trading forex
CURRENCY
TOPIC 01

IN FOREX TRADING
FOREX
CURRENCY

MAJOR
CURRENCY
PAIRS

CROSS
CURRENCY
PAIRS
TYPES
TOPIC 02

OF CHART
CANDLESTICK
CHART

LINE CHART

BARS CHART
PARTS
TOPIC 03

IN CANDLESTICK
High Price High Price

Open Price Close Price

Upper Shadow/Wick

Body Body

Lower Shadow/Wick

Close Price Open Price

Low Price Low Price

Bearish Candlestick Bullish Candlestick


TOPIC 04

TIMEFRAME
Types of
Timeframe

How to use
Timeframe
TYPES
TOPIC 05

OF ORDERS
PIPS
TOPIC 06

CALCULATION
POINTS
TOPIC 07

HOW TO PROFIT
FROM BUY & SELL
MARKET
TOPIC 08

STRUCTURE
CHART
TOPIC 09

PATTERN
Chart patterns in forex trading refer to specific
formations or shapes that appear on price charts.
These patterns can provide valuable insights into
the future direction of price movements and are
widely used by traders to identify potential trading
opportunities.

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Here are some common chart patterns in forex:


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KKK

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DSGDF

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HEAD & SHOULDER
DOUBLE TOP &
DOUBLE BOTTOM

Double Bottom: Double Top:


This pattern forms when the
The inverse of the double top price reaches a resistance
pattern, it occurswhen the level twice, creating two
price reaches a support level peaks at approximately the
twice, forming two troughs same price level. It indicates
at around the same price a potential trend reversal
level. It suggests a potential from bullish to bearish.
reversal from bearish to
bullish.
Ascending &
Decending
Triangle

This pattern forms when The inverse of the ascending


the price creates higher riangle, it occurs when the
lows and a horizontal price forms lower highs and
resistance level. It suggests a horizontal support level.
a potential breakout to It indicates a potential
the upside breakout to the downside.
CANDLESTICK
TOPIC 10

PATTERN
Candlestick patterns are key indicators on
financial charts, offering insights into market
sentiment and price movements. These patterns
emerge from the open, high, low, and close
prices of a security within a given period and are
crucial for making informed trading decisions.

The aim is to identify potential market reversals


or trends, helping you make better decisions and
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potentially increase your earnings.


HAMMER &
INVERTED HAMMER
SHOOTING STAR
& HANGING MAN
ENGULFING
BULLISH &
BEARISH

The bullish engulfing pattern is formed


of two candlesticks. The first candle is a
short red body that is completely engulfed
by a larger green candle.

A bearish engulfing pattern occurs


at the end of an uptrend. The first candle has a small
green body that is engulfed by a subsequent long
red candle.
TOPIC 11

SUPPORT &
RESISTANCE
“Support and resistance” is one of the most widely
used concepts in trading. When the price moves
up and then pulls back, the highest point reached
before it pulled back is now resistance.

Resistance levels indicate where there will be a


surplus of sellers. When the price continues up
again, the lowest point reached before it started
back is now support. Support levels indicate
where there will be a surplus of buyers.
The basic strategy in the market is to buy an asset when
prices are at the support level and to sell when prices are
at the resistance level.
TOPIC 12

SUPPORT BECOME RESISTANCE


( SBR )
RESISTANCE BECOME SUPPORT
( RBS )
A key concept of technical analysis is that when a resistance or
support level is broken, its role is reversed. If the price falls below
a support level, that level will become resistance. If the price rises
above a resistance level, it will often become support.
SUPPLY
TOPIC 13

& DEMAND
A time period when a currency pair's price seems to increase
dramatically is called the demand zone – there's a lot of buyers
interested in the pair, which drives the price up.
Conversely, there's a time when a pair's price depreciates
because there are more sellers than buyers. This is called
the supply zone.
SUMMARY
These four tips for successful Forex money management
should stand you in good stead when starting up as a
trader. Remember to stick to your rules once you have
established exactly what they are. For example, as part
of your overall trading plan, you may choose to
incorporate the following Forex money management
system:
• I will not risk more than 10% of my account
balance on any one trade
• My preferred risk to reward ratio
is 1:2 per trade
• My accumulated losses for the week will
not exceed 20% of my balance. If I
reach this target, I will stop trading
for the week.
If you are interested in learning more about
Forex trading, you can contact me directly.

As with anything in life, the best way to


perfect your money management in Forex
trading is by practicing. With Admirals, you
can do this on a demo account, absolutely free.
RALLY BASE DROP (SUPPLY)
DROP BASE RALLY (DEMAND)
DROP BASE DROP (SUPPLY)
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RALLY BASE RALLY (DEMAND)


TOPIC 15

MONEY MANAGEMENT
& TRADING PLAN
Money management refers to the process of managing your
financial resources effectively and efficiently, particularly in
the context of trading or investing. It involves making strategic
decisions about how much capital to allocate to different trades
or investments, setting risk limits, and controlling potential
losses. Money management aims to protect your capital,
maximize profitability, and minimize risks.

Only Trade What You Can Afford to Lose


Our first Forex money management tip, and probably the most
important for any trader, is to only trade what you can afford to
lose. As a beginner trader, you should only deposit what you
can afford to trade with into your trading account and no more.

Quantify Your Risk per Trade


Once you have decided on an amount of money you are happy
to trade with, the next step in creating your Forex money
management plan is to establish how much you are going
to risk per trade and how you are going to measure this. This
will help determine where you will place your stop loss each
time you enter the market.

Establish Your Risk to Reward Ratio


Now you know how much you intend to risk per trade, establish
how much you are aiming to profit from that risk and use this to
help place a take profit for your trades.

Withdraw Profit
Something that many traders are guilty of is never withdrawing
their profit, or not doing it regularly enough.
If you start to make a sizeable return in your trading account -
withdraw some of it, enjoy it, do something worthwhile
with the money.

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