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The main thing you need to understand to start forex trading from scratch is the chart, in order to learn that we will use certain tools to view the charts, so we can see when to trade (buy or sell) and when to not.
These tools that I’m showing to you in the video, will help you to do or improve your technical analysis, check the stocks, currencies or any asset.
And the importance of this tools is for you to see where the market is heading, and where is the trend of the price going, if it’s bearish (dropping) or bullish (increasing).
Time Stamps:
How To Start Forex Trading From Scratch in 2023
00:00 Intro
00:24 What Are the Charts?
00:49 Where do your Profits Come From?
01:30 Understanding Direction of the Market
02:00 Trading View as the Best Tool for Trading
03:02 Learning Top-Down Analysis
04:26 Taking your Trades
05:52 Learning to Use your Broker
06:47 Types of Market Orders
07:45 What are Lot Sizes?
08:10 Take Profit Area and Stop Loss
STANDARD DISCLAIMER:
The foreign exchange market and currency trading is highly speculative in nature and as such, currency prices may become extremely volatile. You may sustain a total loss of your funds.
Foreign exchange trading carries a high level of risk and may not be suitable for all investors. Always consult a financial professional before making any investment decisions.
It is possible you will sustain a loss of some or all of your initial investment. No representation is being made that any account will or is likely to achieve profits or losses. Past performance is not indicative of future results.
Individual results vary and no representation is made that you will or are likely to achieve profits or incur losses comparable to those that may be shown. You acknowledge and agree that no promise or guarantee of success or profitability has been made between you, andSwing Trading Lab LLC and/or Alex Gonzalez.
For further information, please review our Terms of Use, Privacy Policy, and Risk Disclosures.
CFTC RULE 4.41- Hypothetical or simulated performance results have certain limitations.
Unlike an actual performance record, simulated results do not represent actual trading.
Also, since the trades have not been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, including but not limited to, lack of liquidity.
Simulated trading programs in general, are also subject to the fact that they are designed with the benefit of hindsight.
No representation is being made that any account will or is likely to achieve profit or losses similar to those depicted on the swingtradinglab.co website.