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Supertraderx academy crash course

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Hafizzat Rusli began forex trading at age 17 and grew his initial $500 investment to over $20k within a month. He became educated on trading strategies and was appointed by FXPrimus as their youngest Super Introducing Broker at age 19. The document then provides information on what forex trading is, why people trade forex due to benefits like 24/7 markets and leverage, who trades such as banks and individuals, popular currency pairs, and the best times to trade during different global market sessions.

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Supertraderx academy crash course
By : Hafizzat HAFIZZAT RUSLI FOREX TRADER | TRAINER| AMBASSADOR
By : Hafizzat HAFIZZATS STORY Hafizzat Rusli, 24 delved into the world of forex trading even before he reached the age of 17. He saved all his earnings as a waiter to start trading. Within less than a month he grew his relatively small capital of USD500 into more than USD20k. Hafizzat set about training and educating himself with a vengeance. He learnt from the best he could find but more importantly he acquired and honed his own trading skills and strategies. FXPrimus, one of the industrys fastest growing brokers, approached Hafizzat and appointed him as their Super Introducing Broker which is quite a feat for a boy of 19 with just 2 years of experience in forex trading. Hafizzat remains the youngest Super IB in the world in this elite group of only 30 individuals. In July 2011 Hafizzat was ranked 5th in FXPrimus Top 20 Traders Global Contest having made a percentage gains of 81.7% in 2 days. The student had by now become a master.
Supertraderx academy crash course
Supertraderx academy crash course
By : Hafizzat What is Forex? FOREX (Foreign Exchange) or more familiar with currency transactions Forex means buying or selling a currency against another currency with a view to profit The currency is a kind of trade / transaction trade in the currency of a country's national currency involving other major money markets in the world for 24 hours continuously The foreign exchange market, which is usually known as forex or FX, is the largest financial market in the world. Compared to the measly $22.4 billion a day volume of the New York Stock Exchange, the foreign exchange market looks absolutely ginormous with its $5 TRILLION a day trade volume.
By : Hafizzat What is Forex? The largest stock market in the world, the New York Stock Exchange (NYSE), trades a volume of about $22.4 billion each day. If we used a monster to represent NYSE, it would look like this
By : Hafizzat What is Forex? So the NYSE sounds big, its loud and likes to make a lot of noise. But if you actually compare it to the foreign exchange market, it would look like this
Supertraderx academy crash course
By : Hafizzat Why trade Forex? ADVANTAGES OF FOREX There are many benefits and advantages of trading forex. Here are just a few reasons why so many people are choosing this market: No commissions No middlemen No fixed lot size Low transaction costs A 24-hour market No one can corner the market Leverage High Liquidity Low Barriers to Entry Free Stuff Everywhere!
By : Hafizzat Why trade Forex? No commissions No clearing fees, no exchange fees, no government fees, no brokerage fees. No middlemen Spot currency trading eliminates the middlemen and allows you to trade directly with the market responsible for the pricing on a particular currency pair. No fixed lot size In the futures markets, lot or contract sizes are determined by the exchanges. A standard-size contract for silver futures is 5,000 ounces. In spot forex, you determine your own lot, or position size. Low transaction costs The retail transaction cost (the bid/ask spread) is typically less than 0.1% under normal market conditions. At larger dealers, the spread could be as low as 0.07%. Of course this depends on your leverage and all will be explained later.
By : Hafizzat Why trade Forex? A 24-hour market There is no waiting for the opening bell. From the Monday morning opening in Australia to the afternoon close in New York, the forex market never sleeps. This is awesome for those who want to trade on a part-time basis, because you can choose when you want to trade: morning, noon, night, during breakfast, or in your sleep. No one can corner the market The foreign exchange market is so huge and has so many participants that no single entity can control the market price for an extended period of time. Leverage In forex trading, a small deposit can control a much larger total contract value. Leverage gives the trader the ability to make nice profits, and at the same time keep risk capital to a minimum.
By : Hafizzat Why trade Forex? High Liquidity Because the forex market is so enormous, it is also extremely liquid. This means that under normal market conditions, with a click of a mouse you can instantaneously buy and sell at will as there will usually be someone in the market willing to take the other side of your trade. You are never stuck in a trade. You can even set your online trading platform to automatically close your position once your desired profit level (a limit order) has been reached, and/or close a trade if a trade is going against you (a stop loss order). Low Barriers to Entry You would think that getting started as a currency trader would cost a ton of money. The fact is, when compared to trading stocks, options or futures, it doesnt. Online forex brokers offer mini and micro trading accounts, some with a minimum account deposit of $25. Were not saying you should open an account with the bare minimum, but it does make forex trading much more accessible to the average individual who doesnt have a lot of start-up trading capital.
By : Hafizzat Why trade Forex? Free Stuff Everywhere! Most online forex brokers offer demo accounts to practice trading and build your skills, along with real-time forex news and charting services. AND GUESS WHAT?! THEYRE ALL FREE! Demo accounts are very valuable resources for those who are financially hampered and would like to hone their trading skills with play money before opening a live trading account and risking real money.
Supertraderx academy crash course
By : Hafizzat Who trade Forex? the rulers of the world the world's major banks international class business hedge fund currency speculators individuals THE PEOPLE WHO TRADE IN FOREX MARKET ARE: Thus the number of players in the Forex market is causing the velocity of money becomes very fast. Transactions happens more than 1.9 trillion U.S. dollars every day and that means money are transferred from one hand to another in just a few seconds.
By : Hafizzat Who trade Forex? Forex Market Hierarchy Major Banks Electronic Brokering Services (EBS) / Reuters Dealing 3000-spot Matching Medium-sized and small banks Retail Market Makers Retail Traders Retail ECNs Hedge funds and commercial companies
Supertraderx academy crash course
By : Hafizzat When can you trade Forex? Now that you know whatforex is, whyyou should trade it, and whomakes up the forex market, its about time you learned whenyou can trade. Yes, it is true that the forex market is open 24 hours a day, but that doesnt mean its always active the whole day. You can make money trading when the market moves up, and you can even make money when the market moves down. BUT you will have a very difficult time trying to make money when the market doesnt move at all.
By : Hafizzat When can you trade Forex? THE MAIN TRADING SESSIONS Despite the Forex market is open 24 hours a day it doesnt mean that the market is always active the whole day. FX traders can make money trading when the market moves up, and they can even earn money when the market moves down. However, it is extremely difficult to make any money when the market does not move at all. The Forex maket can be divided into four major trading sessions that are: Sydney Session Tokyo Session London Session New York Session
By : Hafizzat What is Forex? WORLD POPULAR CURRENCY USD "U.S. Dollars" or "buck" (the currency of the USA) EUR "Euro" (European currency) GBP "Sterling" or "Cable" (UK currency) AUD "Aussie Dollar" (Australian currency) NZD "Kiwi" (the currency of New Zealand) JPY "Yen" (Japanese currency) CHF "Swissy" (Swiss currency) CAD "Dollar Canada" (Canadian currency)
By : Hafizzat What is Forex? THE CURRENCY PAIR Direct currency: (EUR/USD, GBP/USD and other currencies in which the normal USD written at the back) Indirect currency: (USD/JPY, USD/CHF and other currencies in which the normal USD written at the front) Currency cross rate: (GBP/JPY, EUR/CHF currency which is not compared to the USD *base and counter Example: GBP / USD That means GBP is the base currency and the USD is the counter currency
By : Hafizzat When to trade Forex? Lets take a look at the average pip movement of the major currency pairs during each trading session. From the table, you will see that the European session normally provides the most movement.
By : Hafizzat When to trade Forex? TOKYO SESSION = ASIAN SESSION Tokyo session is often referred to as the Asian session because Tokyo is the financial capital of Asia and with its population of 36 million people it is also the largest metropolitan area in the world. Japan is also the third largest Forex trading center in the world and the Japanese yen is the third most traded currency partaking in about 16,5 % of all Forex transactions. Therefore we can say that the Asian session opens at 11:00 PM GMT and overall, about 21 % of all Forex Transactions take place during this session.
By : Hafizzat When to trade Forex? Below is a table of the Asian session pip ranges of the major currency pairs. These pip values were calculated using averages of past data from the month of May 2012. Take note that these are NOT ABSOLUTE VALUES and can vary depending on liquidity and other market conditions. Also, the session range for EUR/CHF has not been included since the Swiss franc has been pegged to the euro at 1.2000 during the period.
By : Hafizzat When to trade Forex? KEY CHARACTERISTICS OF THE ASIAN SESSION: Despite the most Forex transactions are made in Japan, tons of Forex transactions are made in other financial hot spots like Hong Kong, Singapore and Sydney. The main market participants during the Asian session are commercial companies (exporters) and central banks. This is due to the fact that Japan's economy is heavily export dependent and, with China also being a major trade player, there are a lot of transactions taking place on a daily basis. Liquidity can sometimes be quite thin. During these times most pairs may stay within a range providing opportunities for short day trades or potential breakout trades later during the day. It is more likely to see stronger moves among the Asia Pacific currency pairs such as AUD/USD and NZD/USD as opposed to non-Asia pacific pairs like GBP/USD. Most of the action takes place early in the session, when more economic data is released. Moves in the Tokyo session may set the tone for the rest of the day. Traders in latter sessions often look at what happened during the Tokyo session to help organize and evaluate what strategies to take in other sessions. Often, if there have been big moves during the preceding New York session, consolidation can be seen during the Asian session.
By : Hafizzat When to trade Forex? WHICH PAIRS ARE COMMONLY TRADED DURING THE ASIAN SESSION? Pairs that include JPY Pairs that include AUD Pairs that include NZD This is simply because the Tokyo session is on when news from Australia, New Zealand and Japan come out presenting a good opportunity to trade. Usually, there is more movement in JPY pairs as a lot of yen is changed as Japanese companies are conducting business. Furthermore, since China is an economic super power, the news from China tends to create volatile moves. Because Australia and Japan are relying heavily on Chinese demand, it is possible to see greater movements in AUD and JPY pairs when the Chinese data come in.
Supertraderx academy crash course
By : Hafizzat How to trade Forex? 1UNDERSTAND BASIC FOREX TERMINOLOGY Base currency is the type of currency you are spending, or getting rid of. Quote currency is the currency that you are purchasing. In forex trading, you sell 1 type of currency to purchase another type. The exchange rate tells you how much you have to spend in quote currency to purchase base currency. For example, if you want to purchase some U.S. dollars using British pounds, you may see an exchange rate that looks like this: GBP/USD=1.589. This rate means that you'll spend 1.589 dollars for 1 British pound. A long position means that you want to buy the base currency and sell the quote currency. In our example above, you would want to sell U.S. dollars to purchase British pounds.
By : Hafizzat How to trade Forex? A short position means that you want to buy quote currency and sell base currency. In other words, you would spend sell British pounds and purchase U.S. dollars. The bid price is the price at which your broker is willing to buy base currency in exchange for quote currency. The bid is the best price at which you are willing to sell your quote currency on the market The ask price, or the offer price, is the price at which your broker will sell base currency in exchange for quote currency. The ask price is the best available price at which you are willing to buy from the market A spread is the difference between the bid price and the ask price
By : Hafizzat How to trade Forex? 2DECIDE WHAT CURRENCY YOU WANT TO BUY AND SELL Make predictions about the economy. If you believe that the U.S. economy will continue to weaken, which is bad for the U.S. dollar, then you probably want to sell dollars in exchange for a currency from a country where the economy is strong. Look at a country's trading position. If a country has many goods that are in demand, then the country will likely export many goods to make money. This trading advantage will boost the country's economy, thus boosting the value of its currency. Consider politics. If a country is having an election, then the country's currency will appreciate if the winner of the election has a fiscally responsible agenda. Also, if the government of a country loosens regulations for economic growth, the currency is likely to increase in value. Read economic reports. Reports on a country's GDP, for instance, or reports about other economic factors like employment and inflation, will have an effect on the value of the country's currency.
By : Hafizzat How to trade Forex? 3Read a forex quote You'll see 2 numbers on a forex quote: the bid price on the left and the ask price on the right. 4Learn how to calculate profits A pip measures the change in value between 2 currencies. Usually, 1 pip equals 0.0001 of a change in value. For example, if your EUR/USD trade moves from 1.546 to 1.547, your currency value has increased by 1 pip. Multiply the number of pips that your account has changed by the exchange rate. This calculation will tell you how much your account has increased or decreased in value
By : Hafizzat Philisophy of Supertraderx Academy Emotional Control1 Make pips2 Keep pips3 Repeat4
Supertraderx academy crash course
By : Hafizzat Traders Fundemental analisis Much depends on the news. Lack of precision and something unexpected often occurs Type of trading Technical Analisis Depending on the technique used. Usually 70% to 80%
By : Hafizzat Strategy Define ur strategy Currencies? Time? Term? T/B?
Supertraderx academy crash course
By : Hafizzat Why traders fail? 1st 2st 3st 4th
By : Hafizzat Money management 1st 2st 3st 4th
By : Hafizzat Materials for trade Strategy Money Management Risk Management Trading Plan
By : Hafizzat Finance Division Multiple Entry/Multiple Exits?? How long are you willing to buy?? What is the risk / reward parameters? When to take profit? CLOSE Money Management Division
By : Hafizzat Psychology Division Use the willing to lose money Get to know yourself Starting with a little amount Do not over confident Take a break after each trade Psychology division
Supertraderx academy crash course
By : Hafizzat Technical Analysis Fundamental Analysis Sentiment Analysis Types of Analysis
By : Hafizzat Types of Analysis Its kind of like standing on a three- legged stool if one of the legs is weak, the stool will break under your weight and youll fall flat on your face. The same holds true in trading. If your analysis on any of the three types of trading is weak and you ignore it, theres a good chance that it will cause you to lose out on your trade!
By : Hafizzat Types of Charts Line chart Bar chart Candlestick chart
By : Hafizzat Types of Charts 1. Line Charts A simple line chart draws a line from one closing price to the next closing price. When strung together with a line, we can see the general price movement of a currency pair over a period of time. Here is an example of a line chart for EUR/USD:
By : Hafizzat Types of Charts 2. Bar Charts A bar chart is a little more complex. It shows the opening and closing prices, as well as the highs and lows. The bottom of the vertical bar indicates the lowest traded price for that time period, while the top of the bar indicates the highest price paid. The vertical bar itself indicates the currency pairs trading range as a whole. The horizontal hash on the left side of the bar is the opening price, and the right-side horizontal hash is the closing price.
By : Hafizzat Types of Charts *Take note, you will see the word bar in reference to a single piece of data on a chart. A bar is simply one segment of time, whether it is one day, one week, or one hour. When you see the word bar going forward, be sure to understand what time frame it is referencing. Here is an example of a line chart for EUR/USD:
By : Hafizzat Types of Charts Bar charts are also called OHLC charts, because they indicate the Open, the High, the Low, and the Close for that particular currency. Heres an example of a price bar: Open: The little horizontal line on the left is the opening price High: The top of the vertical line defines the highest price of the time period Low: The bottom of the vertical line defines the lowest price of the time period Close: The little horizontal line on the right is the closing price
By : Hafizzat Types of Charts 3. Candlesticks Charts Candlestick chart show the same information as a bar chart, but in a prettier, graphic format. Candlestick bars still indicate the high-to-low range with a vertical line. However, in candlestick charting, the larger block (or body) in the middle indicates the range between the opening and closing prices. Traditionally, if the block in the middle is filled or colored in, then the currency closed lower than it opened.
By : Hafizzat Types of Charts In the following example, the filled color is red. For our filled blocks, the top of the block is the opening price, and the bottom of the block is the closing price. If the closing price is higher than the opening price, then the block in the middle will be green or hollow or unfilled.
By : Hafizzat Types of Charts *Take note, you will see the word bar in reference to a single piece of data on a chart. A bar is simply one segment of time, whether it is one day, one week, or one hour. When you see the word bar going forward, be sure to understand what time frame it is referencing. Here is an example of a candlestick chart for EUR/USD
By : Hafizzat Types of Charts The purpose of candlestick charting is strictly to serve as a visual aid, since the exact same information appears on an OHLC bar chart. The advantages of candlestick charting are: Candlesticks are easy to interpret, and are a good place for beginners to start figuring out chart analysis. Candlesticks are easy to use and candlestick patterns have cool names such as the shooting star, which helps you to remember what the pattern means. Candlesticks are good at identifying marketing turning points reversals from an uptrend to a downtrend or a downtrend to an uptrend.
Supertraderx academy crash course
By : Hafizzat Examples of resistance & support Look at the diagram above. This zigzag pattern is making its way up (bull market). When the market moves up and then pulls back, the highest point reached before it pulled back is now resistance. As the market continues up again, the lowest point reached before it started back is now support. In this way resistance and support are continually formed as the market oscillates over time. The reverse is true for the downtrend.
By : Hafizzat Resistance & Support
By : Hafizzat Resistance
By : Hafizzat Resistance
By : Hafizzat Resistance
By : Hafizzat Support
By : Hafizzat Support
By : Hafizzat Support
By : Hafizzat Broken Resistance
By : Hafizzat Broken Support
By : Hafizzat Japanese candlestick Candlesticks can be used for any time frame, whether it be one day, one hour, 30-minutes whatever you want! Candlesticks are used to describe the price action during the given time frame. Candlesticks are formed using the open, high, low, and close of the chosen time period. If the close is above the open, then a hollow candlestick (usually displayed as white) is drawn. If the close is below the open, then a filled candlestick (usually displayed as black) is drawn. The hollow or filled section of the candlestick is called the real body or body. The thin lines poking above and below the body display the high/low range and are called shadows. The top of the upper shadow is the high. The bottom of the lower shadow is the low.
Supertraderx academy crash course
Supertraderx academy crash course
By : Hafizzat Chart
By : Hafizzat Breakout sell
By : Hafizzat Breakout sell
By : Hafizzat Breakout sell
By : Hafizzat Breakout sell
By : Hafizzat Breakout buy
By : Hafizzat Breakout buy
By : Hafizzat Breakout buy
By : Hafizzat Breakout buy
Supertraderx academy crash course

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Supertraderx academy crash course

  • 2. By : Hafizzat HAFIZZAT RUSLI FOREX TRADER | TRAINER| AMBASSADOR
  • 3. By : Hafizzat HAFIZZATS STORY Hafizzat Rusli, 24 delved into the world of forex trading even before he reached the age of 17. He saved all his earnings as a waiter to start trading. Within less than a month he grew his relatively small capital of USD500 into more than USD20k. Hafizzat set about training and educating himself with a vengeance. He learnt from the best he could find but more importantly he acquired and honed his own trading skills and strategies. FXPrimus, one of the industrys fastest growing brokers, approached Hafizzat and appointed him as their Super Introducing Broker which is quite a feat for a boy of 19 with just 2 years of experience in forex trading. Hafizzat remains the youngest Super IB in the world in this elite group of only 30 individuals. In July 2011 Hafizzat was ranked 5th in FXPrimus Top 20 Traders Global Contest having made a percentage gains of 81.7% in 2 days. The student had by now become a master.
  • 6. By : Hafizzat What is Forex? FOREX (Foreign Exchange) or more familiar with currency transactions Forex means buying or selling a currency against another currency with a view to profit The currency is a kind of trade / transaction trade in the currency of a country's national currency involving other major money markets in the world for 24 hours continuously The foreign exchange market, which is usually known as forex or FX, is the largest financial market in the world. Compared to the measly $22.4 billion a day volume of the New York Stock Exchange, the foreign exchange market looks absolutely ginormous with its $5 TRILLION a day trade volume.
  • 7. By : Hafizzat What is Forex? The largest stock market in the world, the New York Stock Exchange (NYSE), trades a volume of about $22.4 billion each day. If we used a monster to represent NYSE, it would look like this
  • 8. By : Hafizzat What is Forex? So the NYSE sounds big, its loud and likes to make a lot of noise. But if you actually compare it to the foreign exchange market, it would look like this
  • 10. By : Hafizzat Why trade Forex? ADVANTAGES OF FOREX There are many benefits and advantages of trading forex. Here are just a few reasons why so many people are choosing this market: No commissions No middlemen No fixed lot size Low transaction costs A 24-hour market No one can corner the market Leverage High Liquidity Low Barriers to Entry Free Stuff Everywhere!
  • 11. By : Hafizzat Why trade Forex? No commissions No clearing fees, no exchange fees, no government fees, no brokerage fees. No middlemen Spot currency trading eliminates the middlemen and allows you to trade directly with the market responsible for the pricing on a particular currency pair. No fixed lot size In the futures markets, lot or contract sizes are determined by the exchanges. A standard-size contract for silver futures is 5,000 ounces. In spot forex, you determine your own lot, or position size. Low transaction costs The retail transaction cost (the bid/ask spread) is typically less than 0.1% under normal market conditions. At larger dealers, the spread could be as low as 0.07%. Of course this depends on your leverage and all will be explained later.
  • 12. By : Hafizzat Why trade Forex? A 24-hour market There is no waiting for the opening bell. From the Monday morning opening in Australia to the afternoon close in New York, the forex market never sleeps. This is awesome for those who want to trade on a part-time basis, because you can choose when you want to trade: morning, noon, night, during breakfast, or in your sleep. No one can corner the market The foreign exchange market is so huge and has so many participants that no single entity can control the market price for an extended period of time. Leverage In forex trading, a small deposit can control a much larger total contract value. Leverage gives the trader the ability to make nice profits, and at the same time keep risk capital to a minimum.
  • 13. By : Hafizzat Why trade Forex? High Liquidity Because the forex market is so enormous, it is also extremely liquid. This means that under normal market conditions, with a click of a mouse you can instantaneously buy and sell at will as there will usually be someone in the market willing to take the other side of your trade. You are never stuck in a trade. You can even set your online trading platform to automatically close your position once your desired profit level (a limit order) has been reached, and/or close a trade if a trade is going against you (a stop loss order). Low Barriers to Entry You would think that getting started as a currency trader would cost a ton of money. The fact is, when compared to trading stocks, options or futures, it doesnt. Online forex brokers offer mini and micro trading accounts, some with a minimum account deposit of $25. Were not saying you should open an account with the bare minimum, but it does make forex trading much more accessible to the average individual who doesnt have a lot of start-up trading capital.
  • 14. By : Hafizzat Why trade Forex? Free Stuff Everywhere! Most online forex brokers offer demo accounts to practice trading and build your skills, along with real-time forex news and charting services. AND GUESS WHAT?! THEYRE ALL FREE! Demo accounts are very valuable resources for those who are financially hampered and would like to hone their trading skills with play money before opening a live trading account and risking real money.
  • 16. By : Hafizzat Who trade Forex? the rulers of the world the world's major banks international class business hedge fund currency speculators individuals THE PEOPLE WHO TRADE IN FOREX MARKET ARE: Thus the number of players in the Forex market is causing the velocity of money becomes very fast. Transactions happens more than 1.9 trillion U.S. dollars every day and that means money are transferred from one hand to another in just a few seconds.
  • 17. By : Hafizzat Who trade Forex? Forex Market Hierarchy Major Banks Electronic Brokering Services (EBS) / Reuters Dealing 3000-spot Matching Medium-sized and small banks Retail Market Makers Retail Traders Retail ECNs Hedge funds and commercial companies
  • 19. By : Hafizzat When can you trade Forex? Now that you know whatforex is, whyyou should trade it, and whomakes up the forex market, its about time you learned whenyou can trade. Yes, it is true that the forex market is open 24 hours a day, but that doesnt mean its always active the whole day. You can make money trading when the market moves up, and you can even make money when the market moves down. BUT you will have a very difficult time trying to make money when the market doesnt move at all.
  • 20. By : Hafizzat When can you trade Forex? THE MAIN TRADING SESSIONS Despite the Forex market is open 24 hours a day it doesnt mean that the market is always active the whole day. FX traders can make money trading when the market moves up, and they can even earn money when the market moves down. However, it is extremely difficult to make any money when the market does not move at all. The Forex maket can be divided into four major trading sessions that are: Sydney Session Tokyo Session London Session New York Session
  • 21. By : Hafizzat What is Forex? WORLD POPULAR CURRENCY USD "U.S. Dollars" or "buck" (the currency of the USA) EUR "Euro" (European currency) GBP "Sterling" or "Cable" (UK currency) AUD "Aussie Dollar" (Australian currency) NZD "Kiwi" (the currency of New Zealand) JPY "Yen" (Japanese currency) CHF "Swissy" (Swiss currency) CAD "Dollar Canada" (Canadian currency)
  • 22. By : Hafizzat What is Forex? THE CURRENCY PAIR Direct currency: (EUR/USD, GBP/USD and other currencies in which the normal USD written at the back) Indirect currency: (USD/JPY, USD/CHF and other currencies in which the normal USD written at the front) Currency cross rate: (GBP/JPY, EUR/CHF currency which is not compared to the USD *base and counter Example: GBP / USD That means GBP is the base currency and the USD is the counter currency
  • 23. By : Hafizzat When to trade Forex? Lets take a look at the average pip movement of the major currency pairs during each trading session. From the table, you will see that the European session normally provides the most movement.
  • 24. By : Hafizzat When to trade Forex? TOKYO SESSION = ASIAN SESSION Tokyo session is often referred to as the Asian session because Tokyo is the financial capital of Asia and with its population of 36 million people it is also the largest metropolitan area in the world. Japan is also the third largest Forex trading center in the world and the Japanese yen is the third most traded currency partaking in about 16,5 % of all Forex transactions. Therefore we can say that the Asian session opens at 11:00 PM GMT and overall, about 21 % of all Forex Transactions take place during this session.
  • 25. By : Hafizzat When to trade Forex? Below is a table of the Asian session pip ranges of the major currency pairs. These pip values were calculated using averages of past data from the month of May 2012. Take note that these are NOT ABSOLUTE VALUES and can vary depending on liquidity and other market conditions. Also, the session range for EUR/CHF has not been included since the Swiss franc has been pegged to the euro at 1.2000 during the period.
  • 26. By : Hafizzat When to trade Forex? KEY CHARACTERISTICS OF THE ASIAN SESSION: Despite the most Forex transactions are made in Japan, tons of Forex transactions are made in other financial hot spots like Hong Kong, Singapore and Sydney. The main market participants during the Asian session are commercial companies (exporters) and central banks. This is due to the fact that Japan's economy is heavily export dependent and, with China also being a major trade player, there are a lot of transactions taking place on a daily basis. Liquidity can sometimes be quite thin. During these times most pairs may stay within a range providing opportunities for short day trades or potential breakout trades later during the day. It is more likely to see stronger moves among the Asia Pacific currency pairs such as AUD/USD and NZD/USD as opposed to non-Asia pacific pairs like GBP/USD. Most of the action takes place early in the session, when more economic data is released. Moves in the Tokyo session may set the tone for the rest of the day. Traders in latter sessions often look at what happened during the Tokyo session to help organize and evaluate what strategies to take in other sessions. Often, if there have been big moves during the preceding New York session, consolidation can be seen during the Asian session.
  • 27. By : Hafizzat When to trade Forex? WHICH PAIRS ARE COMMONLY TRADED DURING THE ASIAN SESSION? Pairs that include JPY Pairs that include AUD Pairs that include NZD This is simply because the Tokyo session is on when news from Australia, New Zealand and Japan come out presenting a good opportunity to trade. Usually, there is more movement in JPY pairs as a lot of yen is changed as Japanese companies are conducting business. Furthermore, since China is an economic super power, the news from China tends to create volatile moves. Because Australia and Japan are relying heavily on Chinese demand, it is possible to see greater movements in AUD and JPY pairs when the Chinese data come in.
  • 29. By : Hafizzat How to trade Forex? 1UNDERSTAND BASIC FOREX TERMINOLOGY Base currency is the type of currency you are spending, or getting rid of. Quote currency is the currency that you are purchasing. In forex trading, you sell 1 type of currency to purchase another type. The exchange rate tells you how much you have to spend in quote currency to purchase base currency. For example, if you want to purchase some U.S. dollars using British pounds, you may see an exchange rate that looks like this: GBP/USD=1.589. This rate means that you'll spend 1.589 dollars for 1 British pound. A long position means that you want to buy the base currency and sell the quote currency. In our example above, you would want to sell U.S. dollars to purchase British pounds.
  • 30. By : Hafizzat How to trade Forex? A short position means that you want to buy quote currency and sell base currency. In other words, you would spend sell British pounds and purchase U.S. dollars. The bid price is the price at which your broker is willing to buy base currency in exchange for quote currency. The bid is the best price at which you are willing to sell your quote currency on the market The ask price, or the offer price, is the price at which your broker will sell base currency in exchange for quote currency. The ask price is the best available price at which you are willing to buy from the market A spread is the difference between the bid price and the ask price
  • 31. By : Hafizzat How to trade Forex? 2DECIDE WHAT CURRENCY YOU WANT TO BUY AND SELL Make predictions about the economy. If you believe that the U.S. economy will continue to weaken, which is bad for the U.S. dollar, then you probably want to sell dollars in exchange for a currency from a country where the economy is strong. Look at a country's trading position. If a country has many goods that are in demand, then the country will likely export many goods to make money. This trading advantage will boost the country's economy, thus boosting the value of its currency. Consider politics. If a country is having an election, then the country's currency will appreciate if the winner of the election has a fiscally responsible agenda. Also, if the government of a country loosens regulations for economic growth, the currency is likely to increase in value. Read economic reports. Reports on a country's GDP, for instance, or reports about other economic factors like employment and inflation, will have an effect on the value of the country's currency.
  • 32. By : Hafizzat How to trade Forex? 3Read a forex quote You'll see 2 numbers on a forex quote: the bid price on the left and the ask price on the right. 4Learn how to calculate profits A pip measures the change in value between 2 currencies. Usually, 1 pip equals 0.0001 of a change in value. For example, if your EUR/USD trade moves from 1.546 to 1.547, your currency value has increased by 1 pip. Multiply the number of pips that your account has changed by the exchange rate. This calculation will tell you how much your account has increased or decreased in value
  • 33. By : Hafizzat Philisophy of Supertraderx Academy Emotional Control1 Make pips2 Keep pips3 Repeat4
  • 35. By : Hafizzat Traders Fundemental analisis Much depends on the news. Lack of precision and something unexpected often occurs Type of trading Technical Analisis Depending on the technique used. Usually 70% to 80%
  • 36. By : Hafizzat Strategy Define ur strategy Currencies? Time? Term? T/B?
  • 38. By : Hafizzat Why traders fail? 1st 2st 3st 4th
  • 39. By : Hafizzat Money management 1st 2st 3st 4th
  • 40. By : Hafizzat Materials for trade Strategy Money Management Risk Management Trading Plan
  • 41. By : Hafizzat Finance Division Multiple Entry/Multiple Exits?? How long are you willing to buy?? What is the risk / reward parameters? When to take profit? CLOSE Money Management Division
  • 42. By : Hafizzat Psychology Division Use the willing to lose money Get to know yourself Starting with a little amount Do not over confident Take a break after each trade Psychology division
  • 44. By : Hafizzat Technical Analysis Fundamental Analysis Sentiment Analysis Types of Analysis
  • 45. By : Hafizzat Types of Analysis Its kind of like standing on a three- legged stool if one of the legs is weak, the stool will break under your weight and youll fall flat on your face. The same holds true in trading. If your analysis on any of the three types of trading is weak and you ignore it, theres a good chance that it will cause you to lose out on your trade!
  • 46. By : Hafizzat Types of Charts Line chart Bar chart Candlestick chart
  • 47. By : Hafizzat Types of Charts 1. Line Charts A simple line chart draws a line from one closing price to the next closing price. When strung together with a line, we can see the general price movement of a currency pair over a period of time. Here is an example of a line chart for EUR/USD:
  • 48. By : Hafizzat Types of Charts 2. Bar Charts A bar chart is a little more complex. It shows the opening and closing prices, as well as the highs and lows. The bottom of the vertical bar indicates the lowest traded price for that time period, while the top of the bar indicates the highest price paid. The vertical bar itself indicates the currency pairs trading range as a whole. The horizontal hash on the left side of the bar is the opening price, and the right-side horizontal hash is the closing price.
  • 49. By : Hafizzat Types of Charts *Take note, you will see the word bar in reference to a single piece of data on a chart. A bar is simply one segment of time, whether it is one day, one week, or one hour. When you see the word bar going forward, be sure to understand what time frame it is referencing. Here is an example of a line chart for EUR/USD:
  • 50. By : Hafizzat Types of Charts Bar charts are also called OHLC charts, because they indicate the Open, the High, the Low, and the Close for that particular currency. Heres an example of a price bar: Open: The little horizontal line on the left is the opening price High: The top of the vertical line defines the highest price of the time period Low: The bottom of the vertical line defines the lowest price of the time period Close: The little horizontal line on the right is the closing price
  • 51. By : Hafizzat Types of Charts 3. Candlesticks Charts Candlestick chart show the same information as a bar chart, but in a prettier, graphic format. Candlestick bars still indicate the high-to-low range with a vertical line. However, in candlestick charting, the larger block (or body) in the middle indicates the range between the opening and closing prices. Traditionally, if the block in the middle is filled or colored in, then the currency closed lower than it opened.
  • 52. By : Hafizzat Types of Charts In the following example, the filled color is red. For our filled blocks, the top of the block is the opening price, and the bottom of the block is the closing price. If the closing price is higher than the opening price, then the block in the middle will be green or hollow or unfilled.
  • 53. By : Hafizzat Types of Charts *Take note, you will see the word bar in reference to a single piece of data on a chart. A bar is simply one segment of time, whether it is one day, one week, or one hour. When you see the word bar going forward, be sure to understand what time frame it is referencing. Here is an example of a candlestick chart for EUR/USD
  • 54. By : Hafizzat Types of Charts The purpose of candlestick charting is strictly to serve as a visual aid, since the exact same information appears on an OHLC bar chart. The advantages of candlestick charting are: Candlesticks are easy to interpret, and are a good place for beginners to start figuring out chart analysis. Candlesticks are easy to use and candlestick patterns have cool names such as the shooting star, which helps you to remember what the pattern means. Candlesticks are good at identifying marketing turning points reversals from an uptrend to a downtrend or a downtrend to an uptrend.
  • 56. By : Hafizzat Examples of resistance & support Look at the diagram above. This zigzag pattern is making its way up (bull market). When the market moves up and then pulls back, the highest point reached before it pulled back is now resistance. As the market continues up again, the lowest point reached before it started back is now support. In this way resistance and support are continually formed as the market oscillates over time. The reverse is true for the downtrend.
  • 64. By : Hafizzat Broken Resistance
  • 66. By : Hafizzat Japanese candlestick Candlesticks can be used for any time frame, whether it be one day, one hour, 30-minutes whatever you want! Candlesticks are used to describe the price action during the given time frame. Candlesticks are formed using the open, high, low, and close of the chosen time period. If the close is above the open, then a hollow candlestick (usually displayed as white) is drawn. If the close is below the open, then a filled candlestick (usually displayed as black) is drawn. The hollow or filled section of the candlestick is called the real body or body. The thin lines poking above and below the body display the high/low range and are called shadows. The top of the upper shadow is the high. The bottom of the lower shadow is the low.