Forex Basic

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FOREX BASIC

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FOREX BASIC

© , ,

Forex


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FOREWORD

E-Book 2

23

Mr. Tanagool Kasemchoke


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CONTENT

FOREX 3

METATRADER 4 8

20

34

42

INDICATOR 45

73

OVERBOUGHT OVERSOLD 77

MONEY MANAGEMENT 81

1

2

3

4

5

6

7

8

9


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1Forex


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24 04.00 . 04.00 .

4

05.00 . 05.00 .

(Daylight Saving Time)

2 4,600

Leverage

1,000

1,000

1 1,000 1-3% 1,000

100%


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Margin NFA 1% Margin 1%

2 MetaTrader CTrader

MetaTrader

Pips

Pips Pips EUR/USD 1.1100 1.1101 1 Pips

Lot 2 Mini Lot size

(10,000 ) Standard Lot Size (100,000 )

Pips Lots Position

Standard Size USDCHF Pips Value 0.9500 (.0001 / 0.9500) x 100,000 10.53 Pips 1 Pips

10.53 = 1 Pips x Pips

Margin

Available Margin ( ) Used Margin ( )


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Buy Sell

Buy Sell

Spread

Bid Ask Spread Spread Position

Leverage

Margin Leverage CADJPY (Leverage 1:1)

100 Leverage 1:1000 $1,000/100=$0.1 Leverage

Stop Loss (S/L)

Position Buy Position Sell

Target (T/P)

Position

Swap

Position ( Server) Swap 3 Swap Swap

Swap Position Swap Position


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Requote

Maximum Deviation

Maximum Deviation EURUSD 1.1000 Maximum Deviation 5

1.0995 1.1005


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2 MetaTrader 4


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MetaTrader 4 Client Terminal

MetaTrader 4

Microsoft Windows 98SE

Demo Accounts

MetaTrader 4


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MetaTrader 4

Main Menu

MetaTrader 4 File, View, Insert,Charts, Tools, Window Help

File View (Market Watch, Data Window, Navigator, Terminal

Tester) Full Screen

Insert Charts , , , Object, Volume, Grid -

Tools Client Terminal MetaEditorWindow MetaTrader 4Help MetaTrader 4

Toolbars

Standard, Charts, Line Studies Periodicity

Toolbars

Market Watch Ctrl+M Market Watch Data Window

Ctrl+D

Navigator Ctrl+N Terminal Ctrl+T


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Tester Ctrl+R Expert Advisors

MetaEditor

Expert Advisors, Custom Indicators, Scripts MQL 4

Expert Advisors Options Ctrl+O

Full Screen F11 Preview

MetaTrader 4

Line Studies Toolbar

Data Window

Support Resistance


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Gann 45

Gann Fan

Fibonacci Retracement Fibonacci (Retracement) 0.0%, 23.6%, 38.2%, 50%, 61.8%,

100%, 161.8% 261.8% 423.6%

Gann 45 Fibonacci Channel Range Fibonacci

0.618 1.000, 1.618, 2.618, 4.236

Fibonacci Time Zones 1, 2, 3, 5, 8, 13, 21, 34,

Fibonacci Fan Fibonacci 38.2%, 50% 61.8%

Fibonacci Arcs Fibonacci 38.2%, 50% 61.8%

Fibonacci Expansion Fibonacci 61.8%, 100% 161.8%

Andrews' Pitchfork

Cycle Lines


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Periodicity Toolbar

1 5 15 30 1 4 1 1 1

Market Watch


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Data Window

Data Window

Copy Ctrl+C Last Data Auto Arrange ;Grid

Show

Navigator

Navigator Open Accounts, Expert Advisors, Indicators Scripts

Ctrl+N

Accounts

Indicators


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Expert Advisors Expert Advisors Expert Advisors Terminal

Expert Advisors MetaEditorScripts Expert AdvisorsFavorites Tab Navigator

Terminal

Trade Exposure Account History News Alerts Mailbox Market Signals Code Base Experts Expert Advisors

Journal Terminal

Tester Expert Advisors

Expert Advisors Ctrl+R


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Tester

Settings Expert Advisors

Results Expert Advisors

Graph

Report Expert Advisors

Journal Expert Advisors

TesterOptimization Results

Optimization Graph

Expert Advisors

Tick Charts

Terminal F8

ColorsBackground Foreground Scales OHLC Line

Grid Grid

Bar Up Bar Down Bull Candle Bear Candle Line Graph Line Chart

Volumes Volumes

Ask Line Ask line

Stop Levels Stop Orders


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CommonOffline Chart

Chart on foreground

Price ChartChart shift

10 50% Chart auto-scroll

Scale fix One to One

1-1

Scale fix

Bar chart

Bar Chart Alt+1 Candlesticks

Candlesticks Chart Alt+2 Line chart

Line Chart Alt+3 Show OHLC

OHLC OPEN, HIGH, LOW CLOSE (OHLC)

Subwindows Show Ask line

Ask line Ask

Show period separators

Show grid

Grid Ctrl + G


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Show volumes

(Volume) Ctrl + L Show object descriptions

Status Bar

Terminal

MetaTrader 4Indicators

Position Ctrl + I

Period

(Timeframe) 9 M1 M5 M15 M30H1 H4 D1 W1 MN MetaTrader 4

Zoom

Scrolling

Shift+F12 F12

Chart Shift

Chart Shift Chart Shift 10-50%

Templates


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Deleted Charts

Ctrl+F4


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3


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Forex ( )

A

Aggregate Demand

Appreciation

Arbitrage

Around

Ask Rate

Asset Allocation

B

Back Office

Balance of Trade

Bar Charts

1 1


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Base Currency

( ) Bear Market

Bid Rate

Bid/Ask Spread

Big Figure

EURJPY 122.20 122.50 "20/50"

Book

Position

Broker

Bretton Woods Agreement of 1944

35 1971

Bull Market

Bundesbank

Buying/Selling


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C

Cable

1800

Candlestick Chart

Central Bank

FED, Bundesbank, ECB, BOE, BOJChartist

Choice Market

Spread Clearing

Contagion

Collateral

Commission

Confirmation

Contract

Contract (Unit or Lot)

Counterparty


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Country Risk

Cross Rates

Currency

Currency Risk

D

Day Trading

Dealer

Deficit

Delivery

Depreciation

Derivative

Option

Devaluation

Down Trend


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E

Economic Indicator

End Of Day Order (EOD)

5:00 . ETEuro

(EMU) (ECU) 19

2002

European Central Bank (ECB)

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F

Federal Deposit Insurance Corporation (FDIC)

Federal Reserve (FED) Federal Reserve System

23 1913 12 Board of Governors

Federal Reserve 7

14 Fixed Exchange Rates

Floating Exchange Rates


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Flat/Square

Foreign Exchange (Forex FX)

Forex 24

Forward

Forward Contract

Forward Rates (Swaps)

Forward Trading

Forward Points

Fundamental Analysis

Futures Contract

G

Gearing

Group of Five (G5)

5 Group of Seven (G7)

7 G5


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Group of Ten (G10)

1962

Good ‘til Cancelled (GTC)

H

Hedging

I

Inflation

Initial Margin

Position Interbank Rates

L

Leading Indicators

London Inter-Bank Offered Rate (LIBOR)

LIBOR

Limit Order

Line Charts


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Liquidity

Liquidation

Position Long Position

Position

M

Margin PositionMargin Deposit

Position

Position Margin Call

Position Margin Call

Market Maker

Ask Bid

Market Risk

Mark-to-Market

Position

Maturity


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N

Narrow Market

O

Offer

Offsetting Transaction

Position One Cancels the Other Order (OCO)

Open Order

Open Position

Over the Counter (OTC)

Overnight

P

Pips

0.0001 1 PipsPolitical Risk

Point And Figure Charts

Position


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Premium

Price Transparency

Q

Quote

R

Rate

Resistance

Revaluation

Risk

Risk Capital

Position

Risk Management

Rollover

Rollover Rate

Position


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S

Settlement

Short Position

Sideway

Spot/Next

Swap Spot Price

Spot (Rate)

Spread

(Bid) (Ask)

Sterling

Stop Loss Order

Support Levels

Swap

Swift


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T

Technical Analysis

Tick

Ticker

Tomorrow Next (Tom/Next)

Trading

Transaction Cost

Transaction Date

Trend 3

3 (Uptrend) (Down Trend) (Sideway)

Trend Line

Turnover

U

Uptick

Up Trend


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US Prime Rate

US Dollar

V

Value Date

Variation Margin

Volatility (Vol)

Volume

W

Whipsaw

Y

Yard

Yield


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4


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2

B

Bank Holiday

Bank Lending

Business Confidence

0

0

Building Permits

Bulletin

Hawkish

Dovish


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C

Consumer Price Index (CPI)

Consumer Confidence

0 0

Crude Oil Inventories

EnergyInformation Administration (EIA)

Current Account

D

Daylight Saving Time Shift

1


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E

Economy Watcher Sentiment

50 50

Employment Change

F

Fixed Asset Investment

Flash Manufacturing

50

50

Foreign Currency Reserves

G

Gross Domestic Product (GDP)


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H

Home Loans

House Price Index (HPI)

I

Industrial Production

Investor Confidence

2,800

J

Job Advertisements

L

Leading Indicators

11


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Libor Rate

M

Manufacturing Sales

Monetary Policy Meeting Minutes

Hawkish Dovish

N

Non-Farm Payrolls (NFP)

O

Official Cash Rate

P

Producer Price Index (PPI)


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Press Conference

2

Hawkish Dovish

R

Rate Statement

Hawkish Dovish

Retail Sales

T

TIC Long-Term Purchases

Treasury International Capital (TIC)

Trade Balance


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U

Unemployment Claims

Unemployment Rate


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5


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3 Major Pairs, Cross Pairs,Emerging Market Pairs 4 Commodity, Indices, Future CFD

MetaTrader 4 Tools New Order

F9

Instant Execution

Sell Buy

Pending Order

Sell Limit Sell Stop Buy Limit Buy Stop


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Stop Loss (S/L)

Target (T/P)

Position

Trailing Stop

Stop Loss (S/L) Trailing Stop Position Position Trailing Stop

Trade Positions

Opening position Modifying position Position Placing orders Deletion Closing position Position

Maximum Deviation

Position

Multiple Close

Position


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6INDICATOR


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Accumulation/Distribution (A/D)

Divergence


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Alligator

( Alligator) ( Alligator)

( Alligator)

Alligator


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Average Directional Movement Index (ADX)

2 + DI -DI + DI –DI 25


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Average True Range (ATR)


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Awesome Oscillator

34 Moving Averages (H+L)/2 5

Buy Saucer 3 Oscillator Oscillator 0 0 Oscillator

Two Peaks 0 Sell


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B

Bear Powers Bulls Power

Alexander Elder Bulls Power 0 Sell

Bear Powers 0 0 Buy


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Bollinger Bands

Bollinger Bands Envelopes Envelopes Bollinger Bands

Bollinger Bands


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C

Commodity Channel Index (CCI)

Divergence

Divergence Overbought (±100) Oversold (-100)


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D

DeMarker

0.7 0.3


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E

Envelopes

Sell

Envelopes Buy Envelopes


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F

Force Index

Alexander Elder Bulls Power

Buy Force Index 0 Sell Force Index 0


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Fractals

Bill Williams Bill Williams’ Trading SystemFractals 5 HIGH

Alligator Fractals


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G

Gator Oscillator

Bill Williams Bill Williams’ Trading SystemGator Oscillator Alligator Oscillator


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I

Ichimoku Kinko Hyo

5

Tenkan-sen Kijun-sen

Senkou Span A

Senkou Span B Chinkou Span Shift

Senkou


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M

Market Facilitation Index

Bill Williams Bill Williams’ Trading System


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Momentum

Oscillator Convergence Divergence


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Money Flow Index (MFI)

Relative Strength Index (RSI) 80 20

Divergences


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Moving Average (MA)

Moving Average 4

1. Simple Moving Average (SMA)

2. Exponential Moving Average (EMA)

3. Smoothed Moving Average (SMMA)

4. Linear Weighted Moving Average (LWMA)

Moving Average


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Moving Average Convergence/Divergence (MACD)

Correlation Moving Average 26 12 (EMA) Oscillator

Convergence, Divergence, Overbought Oversold


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O

On Balance Volume (OBV)

Joseph Granville


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P

Parabolic SAR

Moving Average Parabolic SAR


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S

Standard Deviation


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Stochastic Oscillator

Oscillator %K %D %K

Oscillator ( % K %D) ( 20) Oscillator ( 80)


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W

Williams’ Percent Range

Overbought Oversold Stochastic Oscillator %R Stochastic

Oscillator -30% 80 100% Oversold

0 20% Overbought


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7


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(Support) 1

2 (Major Support) (Minor Support)

(Resistance) 1

2 (Major Resistance) (Minor Resistance)

(Rebound) Trendline, Fibonacci

Retracement Moving Averages 50


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8OVERBOUGHT OVERSOLD


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Overbought Oversold

Overbought Oversold Overbought

Sell Oversold Buy

Overbought Oversold

Overbought Oversold Relative Strength Index (RSI), Stochastic Oscillator Overbought - Oversold Index (OBOS)

Relative Strength Index (RSI) 70 30


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Stochastic Oscillator 80 20


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Overbought - Oversold Index (OBOS) Overbought Oversold Overbought -Oversold Index (OBOS)


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9MONEY MANAGEMENT


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Pending Orders Instant Execution

Pending Orders Instant Execution

Stop Loss (S/L) Target (T/P)

Stop Loss (S/L) Target (T/P)


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(Overtrade)

15%

(Demo)

Forex Basic

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