Pivot Point

The ultimate goal of the last class at Forex High School level is for students to remember that the Pivot Points saved Mary Jane from the loss of investing with Harry Osborne instead of Peter Parker. Who needs Spiderman, if we have a Pivotman?

Pivot Class Subject Points:

Fibonacci And Moving Average

Basic Fibonacci Understanding
In general, Fibonacci is a method of mathematical calculations coined by an Italian mathematician, Leonardo Fibonacci Da Pisa. Calculations using Fibonacci will often be encountered in trading, so we should try to understand it.

Fibonacci Retracement
Fibonacci retracement indicator will be very useful when the market is trending. The basic idea of ​​this indicator is to buy in the Fibonacci retracement support level when the trend is rising and sell at Fibonacci retracement resistance level when the trend is down.

General Indicators

Bollinger Bands®
Bollinger Bands developed by John Bollinger is not a joke. He uses this indicator to measure market volatility. Simply put, the Bollinger Bands indicator shows us when the market is not sounding and when the market is NOISY!

Moving Average Convergence Divergence (MACD)
This trading tool is used by most traders to identify moving averages that indicate a new trend, which can be either bullish or bearish.

Type of Analysis Type

There are three kinds of analysis in forex with each advantage that can help us bring profit. The thing is, we must be very clever to choose. Choose which analytics type.

Caps, chips, cups, buds ...

Three Dominant Analysis
Action and analysis of two things that are inseparable in the world of Forex trading. There are three dominant analyzes in forex trading: technical, fundamental, and market sentiment. Although if able to master all three will be an advantage, but We do not have to master it all. Like a mate, just select one that fits at heart. Hehehe...

Types of Orders

Almost similar to the notion of "order" in the culinary world, in Forex trading this word hints at what we want to do to our trading transactions. For example if we want to "order" open-position or close-position.

Therefore, it is important for us to know the types of orders received by our broker. Some orders have a simple term, while some others will sound like a food menu. Okay, let's go straight to the scene!

Types of Graphs

Choosing a chart is like choosing a vehicle type. If it matches the graph and can read it easily, we will be able to speed up and get to the destination immediately: profit. But if not? We'll end up whirling around.

There are three types of charts that are popular in the world of Forex trading, namely:
Line Graph (Line Chart)
Bar Graph (Bar Chart)
Candlestick chart (Candlestick Chart)
Well, now let's learn three types of graphs that will be familiar with our eyes.

Support and Resistance

Support and resistance are always associated with technical analysis. But that does not mean that fundamental traders should not learn it. Quite the contrary, it is very important to learn the support and resistance, so we can estimate the price in the future, not just gebetan.

Definition of Suppport and Resistance
Support and resistance is very important in understanding the trading charts later. In this class we will discuss the basic understanding of support and resistance.

Candlestick

Instead of condemning the darkness, turn on the candle. "Benjamin Franklin says If Franklin were already familiar with Forex trading, he would have said," Rather than cursing loss, study the candlestick. "So let's learn about candlesticks and annihilate the darkness because of loss!

Candlestick Japan
Japanese Candlestick? No, we're not talking about the candle made by Sakura State. In this class we will discuss more about the Candlestick Chart.

Forex Brokers

The role of forex brokers for individual traders is very important. But remember! Not all brokers can take us to the top of profits. If one chooses a broker, instead of profit, there is even bankruptcy.

Well, as the first lesson in this Forex Primary School, we will learn more about the types of forex brokers. In kindergarten, we have learned at a glance that a broker is a "bridge" that connects traders with a complex forex market. But actually, the ins and outs of this forex broker is much more.

Forex Psychology For Beginner Traders: Understand It Before Loss

Still thinking Forex trading will bring you lightning profits? Take the eraser, if you need a board eraser, and get rid of that thought from your head. There is no instant profit in this world. On the contrary, there are some risks of Forex trading that we need to know.

All forex traders must have lost
Yes, that means ALL. The word is deliberately written in the form of capital for us to remember: the exact losses we can not avoid in life, including in the famous Forex trading with its lucrative offerings. Come on, who is not interested in making money just by sitting watching the movement of the charts? Here we are talking about money in MILLIONS, sometimes even MORE. But before that, of course there is a loss that we must face.

Types of Orders In Forex

Similar to the notion of "order" in restaurants; In Forex trading, this word hints at how we want to "order" open-position or close-position, or want a message for now or later. Whether to buy / sell at what price, how the trading position will be closed, and so on.

1. Market Order
This is the simplest type of order. Market order is a type of buy / sell order at the best available price in the market. For example, the bid price on EUR / USD is currently at 1.2140, and the ask price at 1.2142. If we want to buy EUR / USD at market price, then it will be "sold" on us with the price 1.2142. We will click "buy" on the trading platform, and the platform will immediately execute the buy order at that price. Simple is not it? It's like buying things in an online shop, it's just that we buy not new clothes.

Best Time For Forex Trading

Once we know what Forex trading is and who plays it ... it's time we learn when is the right time to trade. One point we should not miss!

Previously it has been mentioned that Forex is a market that is open 24 hours. But that does not mean we have to keep our buttocks in the chair and glare at the computer screen for 24 hours, just in case the market moves will threaten us. Not like that.

Who are the Forex Actors

Back in the late 1990s, forex businesses were jetsets or wealthy people called "big boys", big financial institutions such as central banks, private and state banks, and big commercial firms like Apple or Toyota. They trade forex can be for trading purposes, pay debts, hedging (hedging), or investment. Capital required large, and not just anyone can do forex business.


But after the development of the internet around the world in the late 90s, the forex market can eventually be diterjuni by almost all individuals, from entrepreneurs to housewives, young and old. The brokers also began to design forex to be traded in retail by individuals. So now, from money changers, banks, to motorcycle taxi drivers hung in front of your house alley ... everyone can jump in the Forex market!

What is Forex Trading?

Forex Trading is trading currencies from different countries. Forex is an abbreviation of Foreign Exchange (Currency Exchange). An example of forex trading is buying Euro (European currency), while simultaneously selling USD (American currency), can be abbreviated EUR / USD.

In the shadow of a layman, forex trading is the activity of exchanging money in Money Changer, trading and buying foreign currency manually done through money changer. In fact, forex trading is different from manual transactions like in Money Changer. Generally, the purpose of someone to buy and sell money in Money Changer is because of the need to exchange currency to transact in a country.

How to Trade Forex

How to profit with forex trading? There are two ways: "buy" (buy) and "sell" (sell). If you want to take profit when the price goes up, then "buy", whereas if you want to take profit when the price drops then "sell". Suppose we have a GBP / USD field and the crop we choose is "buy", automatically it means we "buy" GBP and "sell" USD. While if the harvest tool "sell", it means we "sell" GBP and "buy" USD.

So, trading in the forex market is simple, similar to other markets. Especially if you have stock trading experience, then forex trading will be easy.

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