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Forex

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21 views17 pages

Forex

Uploaded by

fcshukla
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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Welcome to care capital

Introduction to trading

Unlocking the World of Forex


Agenda

 Introduction
 About Us
 Basics of Forex Trading
 The Forex Market
 Trading Strategies
 Candlestick Charts
 Moving Averages
 Support and Resistance
 Risk Management
 Trading Psychology
 Our profits

Introduction
Founder:
Chirag Joshi: Chirag Joshi, the founder of CARE ENTERPRISE & SWABHIMAN GROUP in
Bardoli, is a visionary entrepreneur known for his innovation and leadership.

Co-Founders:
1) Vishal Patel: Vishal Patel is the owner of CARE MEDICAL and MR. BAKE (CAKE CORNER) in Valod,
known for his commitment to healthcare and delightful cakes.
2) Ronak Shukla (BE MECHANICAL) :Ronak Shukla, a mechanical engineer, brings valuable expertise to
the team, driving innovation.
3) Yogesh Birari (CLASS 2 OFFICER) :Yogesh Birari, a Class 2 Officer, adds administrative finesse, ensuring
smooth operations.
About Us
Basics of forex trading

 The foreign exchange (forex or FX) market is a global


marketplace for exchanging national currencies.
 Because of the worldwide reach of trade, commerce, and
finance, forex markets tend to be the world's largest and most
liquid asset markets.
 Currencies trade against each other as exchange rate pairs.
For example, EUR/USD is a currency pair for trading the
euro against the U.S. dollar.
The Forex Market

 Definition: Forex, or the foreign exchange market, is the largest financial market globally, where currencies are traded.
 Size and Liquidity: It is characterized by immense liquidity and high trading volumes, making it accessible to traders
worldwide.
 Market Participants:
 Retail Traders: Individual traders like you.
 Institutional Traders: Large financial institutions, banks, and corporations.
 Central Banks: Influence currency rates and economic stability.
 Speculators: Traders aiming to profit from currency movements.
 Market Structure: The forex market operates 24 hours a day, five days a week, due to its decentralized nature.
 Major Currency Pairs: Highlight some of the most commonly traded pairs like EUR/USD, USD/JPY, and GBP/USD.
 Market Hours:
 London Session: The most active session.
 New York Session: Significant overlap with the London session.
Trading Strategies

 Day Trading: Traders buy and sell within the same trading day, capitalizing on short-term price movements.
 Swing Trading: Holding positions for several days or weeks to capture intermediate price trends.
 Scalping: Very short-term trading, aiming to make small profits from numerous trades within a day.
 Position Trading: Holding positions for the long term, potentially weeks, months, or even years.
 Algorithmic Trading: The use of automated systems and algorithms to execute trades.
Candlestick Charts

 Candlestick Patterns: Candlestick charts visually represent price movements and are essential in technical
analysis.
 Bullish and Bearish Candlesticks: Explain the difference between bullish (upward) and bearish
(downward) candlesticks.
 Common Patterns: Mention a few common patterns like doji, hammer, and engulfing patterns.
Moving Averages

 Definition: Moving averages smooth price data to identify


trends and eliminate noise.
 Types: Mention simple moving averages (SMA) and
exponential moving averages (EMA).
 Using Moving Averages: Show how to use moving
averages to identify trends, crossovers, and
support/resistance levels.
 Golden Cross and Death Cross: Explain these critical
trading signals involving moving averages.
Support and Resistance

 Definition: Support is a price level where a


currency tends to stop falling, while resistance is
where it tends to stop rising.
 Importance in Technical Analysis: Discuss their
significance in making trading decisions.
 Drawing Support and Resistance Lines: Show
how to identify and draw these lines on a chart.
Risk Management

 It involves strategies to minimize potential losses and protect your capital.


Importance: Emphasize why risk management is crucial in forex trading:
 Preserves trading capital.
 Reduces the impact of losing trades.
 Provides a systematic approach to trading.
 Risk-Reward Ratio: Introduce the concept of the risk-reward ratio, which helps assess the potential gain against potential loss for
each trade.
 Stop-Loss Orders:
 Explain the use of stop-loss orders to limit potential losses.
 Provide an example of how to set a stop-loss order.
 Position Sizing:
 Describe how position sizing determines the volume or lot size of each trade.

Trading Psychology

1. Emotions in Trading: Discuss common emotions experienced by traders:


1. Greed: The desire for excessive profits.
2. Fear: The fear of losses or missing out.
3. Hope: Hoping that losing trades will turn around.
4. Overconfidence: Being overly confident in trading decisions.
2. The Impact of Emotions:
1. Explain how emotions can lead to impulsive and irrational decisions.
2. Mention that they can result in losses and hinder long-term success.
3. Maintaining Discipline:
1. Stress the importance of having a trading plan and sticking to it.
2. Discuss the role of discipline in executing your strategy.
4. Trading Journal:
1. Recommend keeping a trading journal to track decisions, emotions, and outcomes.
2. Mention that it can help identify patterns and improve decision-making.
5. Risk Tolerance Revisited:
1. Relate trading psychology to risk tolerance.
2. Emphasize that knowing your risk tolerance helps in controlling emotions.
Our profits
What will you learn?

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