How To Day Trade ForexForex Expo 2017

Learn StrategiesMarket MakersAnd Banks Use DailyTo Make Mega Profits In The 5.3 Trillion Dollar Forex Market

Forex Is Traded 24 Hours A Day, 5 Days A Week

The foreign exchange market – also known as forex or

the FX market – is the world’s most traded market,

with turnover of $5.3 trillion per day*. To put this into

perspective, the U.S. stock market trades around $226

billion a day; quite a large sum, but only a fraction of

what forex trades. Forex is traded 24 hours a day, 5

days a week across by banks, institutions and

individual traders worldwide. Unlike other financial

markets, there is no centralized marketplace for forex,

currencies trade over the counter in whatever market

is open at that time.20XX 20XX 20XX 20XX

How FX Trading Works

Trading forex involves the buying of one currency and simultaneous selling of another. In forex, traders attempt to profit by buying and selling currencies by actively speculating on the direction currencies are likely to take in the future.

Top 6 Most Tradable Currency Pairs

EUR/USDThe EUR/USD currency pair tends to have a negative correlation with USD/CHF and a positive correlation with the GBP/USD (more on these currency pairs later on). This is due to the positive correlation of the euro, the British pound and the Swiss franc. (To learn why the EUR/USD currency pair, see Why isn't the EUR/USD currency pair quoted as USD/EUR?)

GBP/USD: Trading The "Cable"The GBP/USD pair tends to have a negative correlation with the USD/CHF and a positive correlation to the EUR/USD. This is due to the positive correlation between the pound, euro and the Swiss franc. (To learn more, read Forex: Making Sense Of The Euro/Swiss Franc Relationship.)

USD/CADThe USD/CAD currency pair tends to be negatively correlated with the AUD/USD, GBP/USD and EUR/USD pairs due to the U.S. dollar being the quote currency in these other pairs. (To learn more on the Canadian dollar, check out Commodity Prices And Currency Movements.)

Top 6 Most Tradable Currency Pairs

USD/CHF: Trading The "Swissie"The USD/CHF currency pair tends to have a negative correlation with the EUR/USD and GBP/USD pairs. This is due to the strong positive correlation between the Swiss franc, pound and euro. The franc has long been thought of as a safe haven for forex traders in times of political unrest. (To learn more, read A Primer On The Forex Market.)

USD/JPY: The "Gopher" The next most actively traded pair has traditionally been the USD/JPY pair. This pair has been sensitive to political sentiment between the United States and the Far East. The pair tends to be positively correlated to the USD/CHF and USD/CAD currency pairs due to the U.S. dollar being the base currency in all three pairs.

AUD/USD: Trading The "Aussie" The AUD/USD currency pair tends to have a negative correlation with the USD/CAD, USD/CHF and USD/JPY pairs due to the U.S. dollar being the quote currency. As well, the correlation with the USD/CAD is also due to the fact that both the Canadian and Australian dollars share a positive correlation with each another as both currencies are commodity block currencies.

How to Make Money Trading Forex

There are different ways to trade Forex. And different indicators you can use to trade on:Fundamentals (Economic indicators. News Based Trading)Technical (Chart Reading)RobotbTrading ( Artificial Intelligence)

Fundamental Trading:● Fundamental Analysis in the Currency markets centers

around Macroeconomic data● Macroeconomic analysis can be simplified by focusing

on interest rates (and expectations)● In the Forex market, many statistics don’t exist, and

we’re trading entire economies against one another. ● Due to the nature of the market, many traders refer to

technical analysis,

The art of Technical Analysis revolves around analyzing a chart – and strategizing an approach for trading it. There are numerous ways of doing this, and many traders like to include indicators, price action, and a whole flurry of other analytical systems for designing ways of placing trades in the present based on price movements of the past. The picture below shows just some of what traders are looking for in regards to Technical Analysis:

Technical AnalysisOne of the most common questions of new traders is: ‘which is better: Technical or fundamental analysis?’

BuB Bullish Indicator Using Bollinger Bands

Short Trade Indicator Using Bollinger Bands

Here is an Easy To Understand, Step-By-Step Forex Trading Video Course. You'll get Instant Access to our Private Member Area with the Complete Forex Trading Course!

You Can Download The Forex Trading Course Videos to your PC, MAC, iPad etc. Or Watch them Online in the Member Area.

You'll also be able to download all forex strategy templates from the member area.

The Link For The Course Can Be found At:http://tinyurl.com/forexexpo2017