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Forex Trading Guide

The Complete Forex Trading Guide provides a comprehensive overview of Forex trading, covering essential topics such as choosing a broker, trading platforms, and basic analysis techniques. It emphasizes the importance of a trading plan, demo practice, and maintaining a trading journal for improvement. The guide also includes resources and tools to stay informed and enhance trading skills.

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jaymin.soni1508
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13 views11 pages

Forex Trading Guide

The Complete Forex Trading Guide provides a comprehensive overview of Forex trading, covering essential topics such as choosing a broker, trading platforms, and basic analysis techniques. It emphasizes the importance of a trading plan, demo practice, and maintaining a trading journal for improvement. The guide also includes resources and tools to stay informed and enhance trading skills.

Uploaded by

jaymin.soni1508
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Complete Forex Trading Guide

From Zero to Hero

Author: Jaymin

Date: May 22, 2025


Table of Contents

1. 1. Introduction to Forex
2. 2. Choosing a Broker
3. 3. Trading Platforms
4. 4. Basic Analysis
5. 5. Trading Plan
6. 6. Demo Practice
7. 7. Live Trading
8. 8. Records & Improvement
9. 9. Resources & Tools
Chapter 1: Introduction to Forex

Forex trading involves buying one currency while selling another across a global decentralized
market operating 24/5. Learn key terms like pips, lots, spreads, and leverage to get started.
Chapter 2: Choosing a Broker

Select a regulated broker (FCA, ASIC, CySEC) offering low spreads, reliable execution, and good
support. Try IC Markets, OANDA, or Pepperstone. Open a demo account to practice risk-free.
Chapter 3: Trading Platforms

Use MetaTrader 4/5 or TradingView for charting and order placement. Platforms offer indicators,
expert advisors, and mobile apps to trade on the go.
Chapter 4: Basic Analysis

Technical analysis uses price charts and indicators (MA, RSI) to forecast movements. Fundamental
analysis considers economic news (GDP, interest rates) to gauge currency strength.
Chapter 5: Trading Plan

A trading plan defines goals, risk tolerance, and strategy. Use stop-loss orders, risk 1-2% per trade,
and outline entry/exit rules (trend-following, breakout).
Chapter 6: Demo Practice

Practice on a demo account as if real money is on the line. Track your performance in a journal,
noting wins, losses, and patterns.
Chapter 7: Live Trading

Fund your live account with an affordable amount. Start small, follow your plan, and control
emotions. Use stop-loss and take-profit orders.
Chapter 8: Records & Improvement

Keep a detailed trading journal recording every trade. Analyze outcomes to refine strategies. Review
monthly and adjust your plan.
Chapter 9: Resources & Tools

Stay updated with Forex Factory and DailyFX for news. Use economic calendar apps, charting
software like TradingView, and educational courses.

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