How To Get Started With FX Trading?
After many questions and requests, here's a quick start video for those looking to start trading.
----
We interpret and explain price moves in real-time, 24 hours a day. Our team of analysts produce text, video and audio commentary.
You understand the markets and trade with confidence. Learn more at our website here: https://bit.ly/2HFykNd
-----
We have a question here from a subscriber, saying that they have just started trading very recently. And it's still easing into everything. And they want to know whether, we have any advice on where, or how they can get started off on the right track.
Now, this would be advice that, I would give someone, that wanted to start off on the right track. And that is just going back. And I know it sounds very cliche, but just go back to the realest basics, of what trading is.
The real basics, that you should always start with, is knowing the difference, between fundamental analysis and technical analysis.
Now, with the fundamentals, we look at things like economic data, monetary policy, geopolitics. We look at cross asset, cross correlations, market volatility, market positioning, daily sentiment. We use all of that to determine, whether an instrument is undervalued or overvalued. Or in other words, whether we think the market will most likely buy it. Or will most likely sell it. Then we can also turn to something like the technicals.
Now, this is the charts, or the chart tools and techniques, we use to find high probability entry and exit spots on the charts. And these can be things, like support and resistance levels, or trendlines, or moving averages. I mean, there's so many out there. So, for example, we might be, the fundamentals might be telling us to be bullish, on a particular currency pair.
But because, it's such a massively important level, It means that we need to take caution, and either take our profit, if we've been trading to the upside. Or reduce our risk and lock in some profit. Or if we still want to get in on the trade. It means that it will be based, to wait for the market, to either break through that level. Or wait for a possible pullback to then re-engage it back to the to the upside. And basically buy it back on sale.
So the quickest way for you, to learn the fundamentals as well as the technicals. Can be combined, by just using the resources, that we have available in the terminal.
Then the precision briefings we have every day. These things are absolute gold. Because they will be telling you exactly, what is happening in the markets right now. What is moving the market right now. And not only in the FX Space.
What is moving the markets in terms of currencies. What's moving commodities, what's moving fixed income. Is giving you a whole range of market moving events. And now, this is of course, a lot of information for a beginner to digest. So to try and help you. And basically teach you how to use market data and news to develop a bias for a currency. Every single day, we have the dominant currency sentiment reports. And you can see that, that's just a little in bite sized nugget.
Where we basically take all of that information. And we filter it down, and give you bite sized chunks information. On telling you exactly, what is moving the markets right now. What is the most important things you need to know. Apart from the dominant sentiment team reports. Every day, you'll always have the videos. We'll give you a daily opening video, telling you exactly what is moving the markets.
Now after that, there's also as we said, the video commentary section. And, this is basically an era, where we tried to combine, both the fundamentals as well as the technicals. By looking at the current biases in the market. And, looking at the major currency pairs. What's the bias on each of them. And then, of course, showing you some high probability areas on the charts.
Now, if you go through the daily process, a couple of times. Starting with the dominant sentiment theme. Or rather starting with the opening news, then reading the dominant sentiment themes. Reading this tradable sentiment shift report, watching the videos. As you go through that process, a couple of times, you should catch on quite quickly. And apart from the daily reports, there's also the weekly reports.
A COT report, and that's released on a weekly basis. And more recently, we also have our new video library or video archive. Now, this is a wealth of info on questions, that was basically asked by our subscribers.
So in my opinion, you're using these tools that's already available in the terminal, is a great way for a trader to get started. With both understanding, the fundamentals as well as the technicals. And in one clearly defined process on a daily basis.
-----
If you find this content helpful, you’ll love Forex Source.
There’s a link below were you can learn more about it
https://bit.ly/2HFykNd
----
We interpret and explain price moves in real-time, 24 hours a day. Our team of analysts produce text, video and audio commentary.
You understand the markets and trade with confidence. Learn more at our website here: https://bit.ly/2HFykNd
-----
We have a question here from a subscriber, saying that they have just started trading very recently. And it's still easing into everything. And they want to know whether, we have any advice on where, or how they can get started off on the right track.
Now, this would be advice that, I would give someone, that wanted to start off on the right track. And that is just going back. And I know it sounds very cliche, but just go back to the realest basics, of what trading is.
The real basics, that you should always start with, is knowing the difference, between fundamental analysis and technical analysis.
Now, with the fundamentals, we look at things like economic data, monetary policy, geopolitics. We look at cross asset, cross correlations, market volatility, market positioning, daily sentiment. We use all of that to determine, whether an instrument is undervalued or overvalued. Or in other words, whether we think the market will most likely buy it. Or will most likely sell it. Then we can also turn to something like the technicals.
Now, this is the charts, or the chart tools and techniques, we use to find high probability entry and exit spots on the charts. And these can be things, like support and resistance levels, or trendlines, or moving averages. I mean, there's so many out there. So, for example, we might be, the fundamentals might be telling us to be bullish, on a particular currency pair.
But because, it's such a massively important level, It means that we need to take caution, and either take our profit, if we've been trading to the upside. Or reduce our risk and lock in some profit. Or if we still want to get in on the trade. It means that it will be based, to wait for the market, to either break through that level. Or wait for a possible pullback to then re-engage it back to the to the upside. And basically buy it back on sale.
So the quickest way for you, to learn the fundamentals as well as the technicals. Can be combined, by just using the resources, that we have available in the terminal.
Then the precision briefings we have every day. These things are absolute gold. Because they will be telling you exactly, what is happening in the markets right now. What is moving the market right now. And not only in the FX Space.
What is moving the markets in terms of currencies. What's moving commodities, what's moving fixed income. Is giving you a whole range of market moving events. And now, this is of course, a lot of information for a beginner to digest. So to try and help you. And basically teach you how to use market data and news to develop a bias for a currency. Every single day, we have the dominant currency sentiment reports. And you can see that, that's just a little in bite sized nugget.
Where we basically take all of that information. And we filter it down, and give you bite sized chunks information. On telling you exactly, what is moving the markets right now. What is the most important things you need to know. Apart from the dominant sentiment team reports. Every day, you'll always have the videos. We'll give you a daily opening video, telling you exactly what is moving the markets.
Now after that, there's also as we said, the video commentary section. And, this is basically an era, where we tried to combine, both the fundamentals as well as the technicals. By looking at the current biases in the market. And, looking at the major currency pairs. What's the bias on each of them. And then, of course, showing you some high probability areas on the charts.
Now, if you go through the daily process, a couple of times. Starting with the dominant sentiment theme. Or rather starting with the opening news, then reading the dominant sentiment themes. Reading this tradable sentiment shift report, watching the videos. As you go through that process, a couple of times, you should catch on quite quickly. And apart from the daily reports, there's also the weekly reports.
A COT report, and that's released on a weekly basis. And more recently, we also have our new video library or video archive. Now, this is a wealth of info on questions, that was basically asked by our subscribers.
So in my opinion, you're using these tools that's already available in the terminal, is a great way for a trader to get started. With both understanding, the fundamentals as well as the technicals. And in one clearly defined process on a daily basis.
-----
If you find this content helpful, you’ll love Forex Source.
There’s a link below were you can learn more about it
https://bit.ly/2HFykNd
