Forex tips

Post on 04-Dec-2014

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Transcript of Forex tips

Forex

What is it?

Major participants

Quotes• Direct and indirect currency

• Cross currency

• Bid and Ask

Direct and indirect currency

EGP/EUR=0.1136

Base Currency

Quote Currency

Cross currency

Bid and Ask

Fundamental Analysis

Purchasing Power Parity

Interest rate parity

Asset Market Model

Gross Domestic Product

Interest Rates

Conventions

Technical analysis

Is it effective?

Philosophy • The market discounts everything…SPECIALY in Forex.

• Price moves in trends.

• History tends to repeat itself.

Do you need it in Forex?

Tips for Forex

Trigger Fundamentally, Enter and Exit Technically

Don’t turn yourself into a LOSER

Risk Can Be Predetermined; Reward Is Unpredictable

Logic wins, impulse kills

of trading overseas

How to

choose

Your broker

The credit crisis

Supply and Demand

THANK YOU