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What is Forex?

So what exactly is this thing called Forex? Lecture: Summary of the lecture: Forex means foreign exchange. The object traded is money. Forex is a decentralized market. The daily volume of the forex market is $5 trillion. It is the largest market in the world. The infographic used in this Read more…

By Instructor, ago
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Why Trade Forex?

This lecture covers six main reasons why you should be trading forex. Lecture: Summary of the lecture: Low transaction costs.  Your only cost is the bid/ask spread in most cases. No middlemen. Leverage.  50:1 in the U.S. and 200:1 international, compared to 2:1 in a stocks margin account Trading times.  Read more…

By Instructor, ago
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Forex Orders

This lecture goes over how you enter or exit a trade. Lecture: Summary of the lecture: 9 types of orders (5 entry and 4 exit) Entry orders:  market, buy stop, sell stop, buy limit, sell limit Exit orders:  stop loss, trailing stop, market close, take profit The infographic used in Read more…

By Instructor, ago
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Gold and Oil

How does gold and oil affect the forex market? Lecture: Summary of the lecture: Compare exporters and importers When gold goes up, Aud/Usd goes up When oil goes up, Cad/Jpy goes up Look for discrepancies in these moves The infographic used in this lecture: The next lecture is on:  Cross Read more…

By Instructor, ago
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Trading System

This lecture is on how to come up with a trading system.  It combines a lot of the earlier lectures. Lecture: Summary of the lecture: Follow the 5 steps Test the system with the 3 steps The infographic used in this lecture: The next lecture is on:  Trading Journal If Read more…

By Instructor, ago