How to trade forex?

How to trade forex?

How to trade forex for beginners.

Before we talk about how you can trade Forex, I will first tell you a bit more about what the Forex market is exactly.

What is Forex? / How to trade forex.

Forex is short for Foreign Exchange.
Think of that moment at the airport when you make an international trip to one of your favorite holiday spots.
You can’t pay with your American Dollars (USD) in Paris (France).

So what do you need to do? Exactly, change your American Dollars (USD) for the local currency the Euro € (EUR).
Right in that moment you are a part of the biggest trading market in the world; the Foreign Exchange.
Of course, you are just a tiny part of it, as the Forex market has a trading volume of 5.3 trillion a day.
And no, there is nothing wrong with your eyes! 5.3 trillion a day!

Just to give an example of the opportunities laying ahead of you, note that the Forex market is active 24 hours a day and five days a week.
Since at some point of the day in some part of the world the stock market will be open for trading.
It starts at Sunday night at 11pm and goes until Friday night 11 pm.

All traders: companies, investors, banks and the small trader like you and I will be trading during this time.
I can hear you thinking: Do I have to go outside of my house to a local exchange market or a bank?
No, not at all. And that is the beauty of this game.
The only thing you will need to make a trade is a working laptop, with a good Wi-Fi connection and an online platform where you can make your trades.
That online platform is called a “broker”.

The mostly traded currencies are the U.$. Dollar, The euro and the Japanese Yen.
A few other popular trading currencies are the British Pound, the Australian Dollar, the Swiss Franc, Canadian Dollar and the Swedish Krona.
You can trade them in every pair that you can think of.

The whole basis of the market is to buy and sell a certain pair, which means you are predicting the strength of one currency against another.
For example, the EUR/USD is the most popular pair. But you can also trade the GBP/SEK.
This is the British Pound dancing with the Swedish Krona, and the GBP/SEK price represents how many
Swedish Krona you can get in exchange for one British Pound.

Now that we understand this a little better I will now tell you how to start trading Forex yourself.

-First we choose a Forex pair. / How to trade forex.
When trading forex you are exchanging the value of one currency for another. In other words, you will always buy one currency while selling another at the same time.
That’s why we always trade currencies in a pair.
You can trade any pair you want. But if you are just starting to trade, many novice traders choose to trade with some more famous pairs such as EUR / USD.

-Make an analysis.
Of course you also need an analysis to be able to make a trade.
If you do not make a correct analysis then you just gamble and the chance that you will lose a trade is many times greater.
Unless of course you are always lucky!
I always make an analysis based on the Supply and Demand strategy.
You can find this in several blogs on my site.
You can also learn everything about Supply and Demand extensively in my course.

-Choose your position. / How to trade forex for beginners.
If you’ve traded stocks or other financial products, you know that you can usually only speculate on the one direction of the market and that is up.
With Forex this works slightly differently and we can go up but also down.
In other words you can buy and sell.

With a buy position you believe that the value of the base currency will rise compared to the quote currency.
If you’re buying USD/JPY, you believe the price of the DOLLAR will strengthen against the YEN.

With a sell position you believe that the value of the base currency will fall compared to the quote currency.
If you’re selling USD/JPY, you believe the price of the DOLLAR will weaken against the YEN.

Do you want to become Success Supply and Demand Trader or want to know more about how to trade forex for beginners?

If you are a beginner trader and to become a good professional forex trader. Want to know more about How forex leverage works? The Forex Scalper teaches you the best scalping trading strategy using supply and demand zones which are already traded and tested by thousands of TFS members and performs daily trades.

To become profitable from Beginner Trader and most successful Scalping trader in Supply and Demandjoin THEFOREXSCALPERS and trade with 3500+ community traders with daily analysis and educations which boosts your trading skills make you Professional Forex Market Trader.

JOIN HERE TFS COMMUNITY

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Forex Trading

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TheForexScalper recommends you join ICMARKET which is regulated and the most trusted broker. They provide very tight raw spread account with fast execution and having multiples deposit and withdrawal options.

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Forex Analyse / in Supply and Demand.

Forex Analyse / in Supply and Demand.

Forex Analyse / in Supply and Demand.

Forex Analyse / in Supply and Demand.

As many of you have known for a long time, I am a true Supply and Demand trader.
Yet I am still often asked how exactly you make an analysis in Supply and Demand.
Now I will give you an answer to this in this blog.
First let me make it clear that Supply and Demand is NOT the same as Support and Resistance and therefore a different way of trading.
I also often use Support and Resistance lines in my trading, but in a different way than a Support and Resistance trader would use them.
I think the biggest difference between Support and Resistance and Supply and Demand trading is that with Support and resistance you assume levels that have been hit / tested more often and at Supply and Demand we prefer fresh levels!

How do I make my Forex analysis in Supply and Demand.

Before we discuss anything else, we should define what supply and demand actually is.
In short: demand is how many buyers there are in a given market and how much they are willing to buy an instrument.
Supply is how many sellers there are in a market and how much they are willing to sell an instrument.

As I explained above, at Supply and Demand we are mainly looking for fresh levels and then we prefer a test / touch of the zone no more than 3 times.
After the third touch, the zone is actually no longer valid.
Or, in most cases, it will be very weak and unreliable.

Forex Analyse

Forex Analyse

We see a nice H4 Supply zone in the image above.
We see here that there was not much “traffic” (candles) when the zone was created.
That already makes it a nice zone for me.
We also see that the price had already tested the zone once and fell again.
Now we see that the price went even deeper into the zone for the second time and then came down again.

In addition to the zone that I draw, I also often draw a baseline.
The baseline shows me even better where exactly the most important point is and is also very important to determine when I enter a trade.
But how do I find the correct baseline? I’m going to explain that to you now.

Forex Analyse

As you can now see in the image above, I’m going to go to the line chart to find the correct baseline.
I’m starting from the first point in the zone here.
You can also see this in the image.
Now let’s go back to the Candle chart for a moment.

Forex analyse

Forex Analyse

This is what it would look like on the Candle Chart.

And so we could expect a nice sell after breaking the base.
So this is in short how I make a simple Supply and Demand Forex Analysis.
But we cannot always make a successful trade with this alone.
For this we look at many more things, such as the volume, and we also switch back to lower time frames for an entry.

In my course I explain step by step how you can find the best Supply and Demand Zones and also how we can use them in combination with liquidity and Support and Resistance.
I will also explain everything about volume, market manipulation and much more.
So that you too can make the best Supply and Demand Forex Analysis.

Do you want to become Success Supply and Demand Trader or want to know more about Forex analyse?

If you are a beginner trader and to become a good professional forex trader. Want to know more about How forex leverage works? The Forex Scalper teaches you the best scalping trading strategy using supply and demand zones which are already traded and tested by thousands of TFS members and performs daily trades.

To become profitable from Beginner Trader and most successful Scalping trader in Supply and Demandjoin THEFOREXSCALPERS and trade with 3500+ community traders with daily analysis and educations which boosts your trading skills make you Professional Forex Market Trader.

JOIN HERE TFS COMMUNITY

======================
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Forex Trading

Looking for a Trusted Regulated Broker?

TheForexScalper recommends you join ICMARKET which is regulated and the most trusted broker. They provide very tight raw spread account with fast execution and having multiples deposit and withdrawal options.

Join IC Market

Buying and selling in the forex market

Buying and selling in the forex market

Buying and selling in the forex market.

Buying and selling in the forex market
It is very important to understand the Buyers and Sellers aspect in the (forex) market.
We as forex traders always want to beat the market.
The so-called ‘Beat the Markets’.

First of all, in order to make money in trading, we need Buyers and Sellers.
Because if there not both there, there is no money to be made.
I have to buy or sell to someone to make money.
And if I go with the crowd I’m probably wrong.
We know that 95% of traders lose money. This means if I belong to that large group (Large group of people)
I will probably lose money like that because I am in the 95%.
So to become really successful in trading you should not think like the 95% but think like the 5% that is successful on the forex market.

But what exactly does the 5% do that makes them so successful? /  Buying and selling in the forex market

First, they have tight risk management and make fewer trades than most of the traders.
Suppose I want to go short on a forex pair then of course I also need buyers who buy the same forex pair.
If I’m right, they lose their money and I take the profit.

So always ask yourself who exactly you are buying or selling from in a trade.
If the answer to that is the 95% unsuccessful traders, take the trade!
And do not go against the professional institutions or banks which together trade billions.
Because then you will definitely be broke at the end.

Let me give you an example. / Buying and selling in the forex market
When I buy a forex pair I think the price is too low and the price will get higher.
But why am I thinking this and who am I buying from? Someone whoever has to sell it to me.
But why?
When I think that the large institutions and banks are going to buy, I know that I am in the right place.
Why I think that I am not going to explain now, but I think most of them understand me.
Especially if you have done the course.

So suppose I’m right now and the big money is in a buy.

Now we come to the underlying problem:
I have to buy it from someone.
But who wants to sell it to me? Let’s take a look at the technical analysis of the 95% unsuccessful traders then we will see that the majority of those traders want to sell.
But why do they want to sell? And why are they all wrong?
This is a tricky part but mostly it has to do with panic (when the price actually takes liquidity).
Have a look at the image below …

buying and selling in the forex market

Looking at the arrow that’s where the 95% is going to sell.
After all, that is the direction that the market is now heading.
But why do I think it is a buy?
Because the big money and the big people (the so-called market movers) are waiting for a better price to buy again.
So in short, the traders who look at the big traders the banks and the institutions will win.
These have a lot more money and will make the market move much faster.

In the image below you can see exactly how beautifully the market moves in waves.

In my new youtube video I also explained a few things.
Be sure to watch and don’t join the 95% if you want to win!

buying and selling in the forex market

 

 

Do you want to become Success Supply and Demand Trader or want to know more about Buying and selling in the forex market?

If you are a beginner trader and to become a good professional forex trader. Want to know more about How forex leverage works? The Forex Scalper teaches you the best scalping trading strategy using supply and demand zones which are already traded and tested by thousands of TFS members and performs daily trades.

To become profitable from Beginner Trader and most successful Scalping trader in Supply and Demandjoin THEFOREXSCALPERS and trade with 3500+ community traders with daily analysis and educations which boosts your trading skills make you Professional Forex Market Trader.

JOIN HERE TFS COMMUNITY

======================
Results – Instagram
====================== 
Forex Trading

Looking for a Trusted Regulated Broker?

TheForexScalper recommends you join ICMARKET which is regulated and the most trusted broker. They provide very tight raw spread account with fast execution and having multiples deposit and withdrawal options.

Join IC Market

 

How to trade EUR / USD?

How to trade EUR / USD?

How to trade EUR / USD?
I think EUR / USD is one of the most traded pairs worldwide.
I do not trade this pair that much, but that does not mean that it is not a nice pair to trade.
The pair moves very differently than for example GBP / JPY and if you like a bit more relaxed trading then EUR / USD could really be your pair to trade!
Many swing traders like EUR / USD as it moves or not as fast as GBP / JPY, but in the longer term this pair can get you a lot of pips.

The behavior of EUR / USD. – How to trade EUR / USD?

EUR / USD makes a lot less fake outs and is therefore also a pair that is good for a novice trader to trade.
Especially if you want to start off a bit more slowly and don’t want to burn your fingers on a more manipulative pair like GBP / AUD for example.
If you are a bit more impatient as I can sometimes be, I don’t think EUR / USD is your pair to trade.
A trade on this pair can sometimes take a long time to reach your TP.
But once EUR / USD moves, it can also move quickly.

How to trade EUR/USD?

How to trade EUR / USD?

Above we see the EUR / USD Chart on the h4 timeframe.
We see here that EUR / USD actually quickly gives a rejection in the Supply zone and then also comes down.
We do not see any Fakeout and that is also something you rarely encounter on EUR / USD.
Waiting for a possible fake out is therefore not recommended for this pair.

In general, EUR / USD moves very smoothly between the zones.
What can sometimes make it a bit dangerous when you are going to scalp this pair is that this pair tends to get into consilidation more.
Which in turn ensures that your trade can still go in all directions after the consalidation.
EUR / USD is a very attractive pair for swinger traders.
Because once EUR / USD goes into a certain direction, this pair often keeps going for a while.

How to trade EUR/USD?

How to trade EUR / USD?

Conclussion

Above, I have posted another EUR / USD chart on the h1 timeframe.
We see here again how EUR / USD approaches the zone and does not shoot through.
But actually rejects the zone twice and comes back down.

And if you paid attention in the previous blog, you can also see here how the price got into the zone with high volume.
And we know what indication that volume bar can give right?

To be able to see and recognize this, it is better not to have lists of forex pairs open in the beginning.
Preferably choose 3 and get to know them completely.
You often see the behavioral patterns of a specific couple very well.
And so you can learn to trade better.
The trick is not the more the better but the less the more winning trades you will eventually make.

Besides what I have now explained, you should of course pay attention to more things before taking a trade.
Do you want to know what exactly? You will learn all this in the course, but applying it will take some practice.

Do you want to become Success Supply and Demand Trader or want to know how to trade EUR / USD?

If you are a beginner trader and to become a good professional forex trader. Want to know more about How forex leverage works? The Forex Scalper teaches you the best scalping trading strategy using supply and demand zones which are already traded and tested by thousands of TFS members and performs daily trades.

To become profitable from Beginner Trader and most successful Scalping trader in Supply and Demandjoin THEFOREXSCALPERS and trade with 3500+ community traders with daily analysis and educations which boosts your trading skills make you Professional Forex Market Trader.

JOIN HERE TFS COMMUNITY

======================
Results – Instagram
====================== 
Forex Trading

Looking for a Trusted Regulated Broker?

TheForexScalper recommends you join ICMARKET which is regulated and the most trusted broker. They provide very tight raw spread account with fast execution and having multiples deposit and withdrawal options.

Join IC Market

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