Course Content
Module 1
What is forex?Forex is Foreign exchange.It is the opportunity to trade two currencies against each other. If you think one currency will be stronger versus the other, and you end up correct, then you can make a profit. If you’ve ever traveled to another country, you usually had to find a currency exchange booth at the airport, and then exchange the money you have in your wallet into the currency of the country you are visiting.The foreign exchange market, which is usually known as “forex” or “FX,” is the largest financial market in the world. The Forex market is a global, decentralized market where the world’s currencies change hands. Exchange rates change every second so the market is constantly moving. Most of the currency transactions that occur in the global foreign exchange market are bought (and sold) for speculative reasons. Currency traders (also known as currency speculators) buy currencies hoping that they will be able to sell them at a higher price in the future.
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Forex Trading Basics Level 1 (Free)
    About Lesson

    The Bounce

    The Bounce

    The Bounce As the name suggests, one method of trading support and resistance levels is right after the bounce. Many retail forex traders make the error of setting their orders directly on support and resistance levels and then just waiting for their trade to materialize. Sure, this may work at times but this kind of trading method assumes that a support or resistance level will hold without the price actually getting there yet. You might be thinking, “Why don’t I just set an entry order right on the line? That way, I am assured the best possible price.” When playing the bounce, we want to tilt the odds in our favor and find some confirmation that the support or resistance will hold. For example, instead of simply buying right off the bat, we want to wait for it to bounce before entering.

    The Break

    The Break

    In a perfect world, support and resistance levels would hold forever, McDonald’s would be healthy, and we’d all have jetpacks.
    In a perfect forex trading world, we could just jump in and out whenever the price hits those major support and resistance levels and earn loads of money.
    The fact of the matter is that these levels break… often.
    So, it’s not enough to just play bounces. You should also know what to do whenever support and resistance levels give way!