Forex-Trading-Guide(1).pdf

Before we begin , let's review what is now being called the "Perfect" trading platform.

About Forex

The Forex market has quickly become the world's largest financial market, with an estimate daily turnover of $3.2 trillion. It is

a market that has great appeal to a financial trader because of its volume which guarantees liquidity. High liquidity means

that a trader can trade whatever currencies he feels like at all times, since there will always be someone to buy and sell any

currency he wants. Another outstanding feature of the forex market is that it is active 24 hours a day and is closed only on

the weekends. This means that unlike the stock market for example, traders in the forex market don't need to wait for a bell

to ring, but can make trading decisions around the clock.

Enter the internet into the equation. Now the forex market is literally at your fingertips. Most brokers offer online trading

facilities which enable you to trade simply by clicking a button, instead of the traditional phone call. The internet has really

revolutionized the industry, making the retail section of the market more dominant than ever.

About eToro

eToro is a forex trading platform developed to cater to the emerging retail segment of the forex market. With its simple style

and exciting trade visualizations, eToro is the perfect platform for a novice trader to get his first forex trading experience.

With its great array of professional forex trading and analysis tools, eToro is also the perfect platform for experts in the field

who want to trade comfortably and reliably. eToro has developed a truly intuitive interface that lets traders concentrate on

trading instead of messing around with bulky and overcomplicated software.

It's important to mention that eToro also offers an educational experience, so novices can gain knowledge of the forex

market and eventually become pros if they're so inclined. eToro offers forex trading guides, forums and video tutorials to

facilitate their traders' progress. eToro also offers an unlimited practice mode where both beginner and seasoned traders can

sharpen their skills and test their strategies with real market rates.

Overall eToro have successfully designed a software that caters to a very wide segment of the forex trading public. eToro is

bound to remain a leader in the forex industry for a long time to come.

eToro's features:

Visual representation of trades : Monitor your trades with ease by watching creative visualizations of your trading activity.

Practice mode : Test your skills and strategies by trading with live rates, without risking a cent.

Trading Challenges: Compete against fellow traders for cash prizes - with no entry fees.

Trade: Enjoy immediate and accurate execution with all your trades.

Low Spreads: Save a fortune on eToros super low spreads - as low as 2 pips.

Trade: Enjoy real time execution with all your trades.

eToro's Pro Insight: Get a look at what currency pairs eToro's top 100 traders are trading at the moment, and use the

inside info to your advantage!

Download eToro for FREE and join a fast growing forex community.

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Limits of Liability / Disclaimer of Warranty:

The authors of this information and the accompanying

materials have used their best efforts in preparing this course.

The authors make no representation or warranties with respect

to the accuracy, applicability, fitness, or completeness of the

contents of this course. They disclaim any warranties

(expressed or implied), merchantability, or fitness for any

particular purpose. The authors shall in no event be held liable

for any loss or other damages, including but not limited to

special, incidental, consequential, or other damages.

This

manual

contains

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protected

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International Federal Copyright laws and Treaties. Any

unauthorized reprint or use of this material is strictly

prohibited. We actively search for copyright infringement and

you will be prosecuted.

Table of Contents

CHAPTER 1: WHAT THE STOCK MARKET IS ALL ABOUT ...................4

CHAPTER 2: STOCK MARKET TRENDS ......................................... 12

CHAPTER 3: AN INTRODUCTION TO FOREX ................................. 16

CHAPTER 4: UNDERSTANDING CURRENCY CONVERSION............... 21

CHAPTER 5: UNDERSTANDING STATISTICS................................. 26

CHAPTER 6: FOREX VOLATILITY AND MARKET EXPECTATION ......... 30

CHAPTER 7: ASPECTS OF THE TRADE ......................................... 34

CHAPTER 8: RISK MANAGEMENT................................................ 38

CHAPTER 9: BUZZ WORDS ........................................................ 43

CHAPTER 10: EXPERT TRADING OPTIONS ................................... 48

CHAPTER 11: OTHER TRADING OPTIONS .................................... 51

CHAPTER 12: IN REVIEW .......................................................... 55

CHAPTER 13: ONE FINAL OPTION............................................... 60

Chapter 1: What the Stock Market

is All About

In any business or moneymaking venture, preparation and

foreknowledge are the keys to success. Without this sort of

insight, the attempt to make a profitable financial decision

can only end in disaster and failure, regardless of your level

of motivation and determination or the amount of money

you plan to invest.

In the stock market, this rule applies to the nth degree, as

you are investing your own money in what could be

considered a high risk wager, and you are playing with fire if

you do not have at least a general background knowledge of

how it functions. Since having a background in any area is

helpful in guiding you down a path in that particular region,

the more solid your basis of investment knowledge is, the

more likely you are to profit from any attempt to trade on

the open market.

In many ways, trading on the stock market can be

compared to driving – you do not have to be an expert to

get behind the wheel of a car, though you are expected to

have some previous knowledge about basic traffic laws,

including moving violations, safety regulations, and other

legal vehicular infractions, which are learned through either

specific study and coursework or even through some form of

simple exposure (such as the years you have spent riding

with your parents and others who have driven for years).

You should be able to comprehend the basic tools used to

navigate a car (where the break pedal is located versus the

gas, and how to use the rearview mirror, for example), even

if you have never touched a steering wheel.

The same is true in entering the world of the stock market.

While you do not have to know all the terminology (you will

not be short selling or determining your own long and short

positions at first, so you do not have to understand these

references completely, though you should be aware of

them), you should certainly be versed in the basic

functionality of trading stocks, bonds, securities, and other

commodities. And just like someone who is behind the

wheel of a car and getting ready to touch the gas pedal for

the first time, you should start out with caution and work

your way in slowly. A first time driver will first set the

mirrors to his or her own liking, then put the car in gear,

look for any interfering traffic, and ease onto the gas pedal,

never flooring it and testing the engine coming out of the

gate on the first attempt. Likewise, when you select your

first investment, you should choose something stable with

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