Let’s keep up the momentum from part one and take the next steps toward becoming a successful forex trader.
In this video, we’ll look at three types of currency markets, the Spot, Forwards, and Futures markets.
After, I’ll introduce the three main trading styles and how the one you choose should depend on your account size, commitment to real-time market watching, and your long-term goals.
Once we’re done there, I’ll finish with a short chat about the importance of the trend in Forex trading.
Contents:
00:00 Intro
01:11 Important Lessons
02:26 Spot Market
02:41 Forwards Market
03:20 Futures Market
03:53 Different Trading Styles
04:10 Scalping
04:37 Day Trading
05:04 Swing Trading
05:38 The importance of “The Trend”
06:08 Dow Theory
07:00 Primary Trend, Secondary Trend, and Minor Trend.
Read our full content for “Basics of Forex Trading – Part 2”:
https://fxempire.com/education/basics-of-forex-trading-part-2-692309
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