Forex Trading Beginner Courses

How much do forex traders make a day? For example, with an average five-pip profit and 10 trades per day with a standard accounts the trader will make $100 (Note: this is an estimate and will depend on the currency pair traded). 25% to 40% return every month

Beginner 0(0 Ratings) 3 Students enrolled
Created by sheraz aslam Last updated Sat, 30-May-2020 English
What will i learn?

Curriculum for this course
112 Lessons 02:23:42 Hours
What is Forex?
8 Lessons 00:10:42 Hours
  • What Is Forex?
  • What Is Traded In Forex?
  • Buying And Selling Currency Pairs
  • Forex Market Size And Liquidity
  • The Different Ways To Trade Forex
  • What is Forex? 00:00:00
  • What Is Forex? Video lesson 00:03:16
  • Top 10 Traders Who Millionaires Video lesson 00:07:26
  • How to Make Money Trading Forex
  • Know When to Buy or Sell a Currency Pair
  • What is a Pip in Forex?
  • What is a Lot in Forex?
  • Impress Your Date with Forex Lingo
  • Types of Forex Orders
  • Demo Trade Your Way to Success
  • Can You Get Rich By Trading Forex?
  • How Do You Trade Forex? 00:00:00
  • Forex Trading Sessions
  • Tokyo Session
  • London Session
  • New York Session
  • Best Times of Day to Trade Forex
  • Best Days of the Week to Trade Forex
  • When Can You Trade Forex? 00:00:00
  • Forex Market Structure
  • Forex Market Players
  • Know Your Forex History!
  • Advantages Of Forex Trading
  • Forex vs. Stocks
  • Forex vs. Futures
  • What Is Traded In Forex? Video lesson 00:03:31
  • Introduction and Installation
  • Logging in
  • Open Practice Trading Account
  • Open Real Trading Account
  • User Interface and Customization
  • Trading basics
  • Ignoring Leverage: Why Most New Forex Traders Fail
  • Leverage and Margin Explained
  • Margin Call Explained
  • Be Careful Trading On Margin
  • See How Leverage Can Quickly Wipe Out Your Account
  • Low Leverage Allows New Forex Traders To Survive
  • How Leverage Affects Transaction Costs
  • Never Underestimate Leverage
  • Death of Forex Traders 00:00:00
  • Position Sizing
  • Calculating Position Sizes
  • How to Calculate Your Position Size in Different Forex Pairs and Account Currencies
  • Summary: Position Sizing
  • Position Sizing 00:00:00
  • Most Common Mistakes 00:00:00
  • The 5 Deadly O’s of Trading: What Traders Do To Guarantee Their Own Failure
  • How to Lose All the Money in Your Trading Account in 10 Days (or Less)
  • Tips for Forex Trading Beginners
  • Computer
  • Internet
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It is possible cane i Make $100 a day trading Forex

Let’s get straight down to the facts here. Yes, you can make a $100 a day and more while trading in the foreign exchange. It doesn’t matter if you have a micro account with just $250 in it. If you know how to make it you can easily make 100 a day trading forex. Here are a few worthwhile tips which will get you to that mark. A $100 a day means about $30,000 a month, not bad at all!

  • Choose the right currency pair and strategy

If you’re thinking that you can make 100 a day trading forex in USD EUR then you’d better ponder on it. This is not saying you can’t, this is simply saying that it depends. There are numerous factors to making a profit and it depends completely on the set or future market trends. For example, if GBP USD has registered a slump and forecasts observe a definite resistance in the future, you should look at investing in it even though you haven’t made much head way into the other asset which you have.

A suggestion would be to have two trading accounts instead of one as this will give you the flexibility in making trades beyond the pre-supposed plan which you might have had at the start of the day. To make money day trading forex, you also can keep an eye on other prospects which might end up fruitfully for you. Day trading or scalping is all about adaptability, and you should always have a contingency strategy or plan.

  • Make 100 a day trading forex with proper forecasts

Day trading or scalping requires constant monitoring and quick responses. Price quotes change within seconds irrespective of the time-charts being followed. If you want to properly forecast the market for that day, you need to keep an eye out not only on technical tools and indicators but also on economic news and forecasts by other traders too.

Trading forums are very important for day trading; making money day trading forex is one-shot chance and if you end up predicting the other way, that whole day is lost. You will more than a few situations where your forecasts will not match up with what was originally expected. This forums and blogs provide live updates of the market and will give you a heads-up as to what you might’ve been missing in your forecast.

  • A scalpers’ attitude

And it’s not just about the right attitude; it’s about the whole mentality which you need to have to make sure that you do scalp the profit through the day. To make money daily with forex, you need to be an opportunist with a sound strategy and the urgency of getting the job done. Let’s consider an example here to brighten the possibility of it.

Considering that you have a 250:1 leverage account with $500 in it. You buy long $100 in a currency which stands at 1.25 against USD (Say) and sell it off at a 1.27. As per leverage, you garner a profit worth $400. That’s 4 times more than what you’ve been thinking you can get through so far!

So invest and make 100 a day trading forex. It’s easier than you think!

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