How to Start Forex Trading for Beginners in 2023 | Full Course
Hey y'all...
This is nearly 3 years overdue!
In my time on YouTube, I've been asked if I have any organized step by step information for folks who are just beginning their forex trading journey. Now I do.
In this detailed video, you will learn the basics about the forex market, who the players are, how we make money, technical and fundamental analysis.
I've sectioned off each chapter so you can focus on where you need help the most.
I hope this info is helpful to you!
Kaci J.
========================================== 00:00 Introduction 04:32 Who Trades In the Forex Market 05:41 When Is the Market Open? 06:28 Why Trade Forex? 09:04 How Do We Make Money In the Forex Market? 09:54 What Is a Pip + How Do We Calculate Them? 10:51 What Are Lot Sizes 13:52 Understanding Leverage + Margin 17:00 How Do We Catch Pips In the Forex Market 17:38 Analysis Types 19:18 Understanding How a Currency's Value Impacts a Pair 21:59 Forex Charting Platforms 23:19 Best Sites for Forex News 24:24 The Anatomy of an Exchange Rate 26:19 Traded Currencies: Major, Minor and Exotic Pairs and Commodities 30:48 Best Times to Trade 32:16 Trading Sessions 33:33 Forex Broker Types 38:09 Order Types 40:40 Outro
Join me as a I take a look at this forex pair and complete a multiple time frame analysis.
I analyze 28 pairs on a pretty consistent basis and choose the pairs that make the most sense for me and my trading style. I mostly look at price action and market structure.
I cover both major and minor pairs. I rarely cover XAUUSD and XAGUSD.
Disclaimer Legal Notice: The views and opinions expressed on this channel are provided for information purposes only and should not be taken as (a) a solicitation of an offer to buy or sell a currency, (b) an endorsement or recommendation of any particular trading strategy or (c) investment advice.
Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Past performance is not indicative of future results. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
