forex - optionsinfinity.com · forex masterclass - macro overview 2 1. intro to forex 1. the...
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FOREX MASTERCLASS - Macro Overview
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1. Intro to FOREX 1. The 3-Principle Method2. Chart Setup3. Executed Trade Example
1. Finding the Trade 2. Entering the Trade3. Exiting the Trade4. THE EDGE
PART 2:PART 1: Part 3:
PART 1: Micro Overview
Forex Explained
FOREX Trading as a Business
Why I trade FOREX as a compliment to other asset classes
Why I specifically follow/Trade the USD/JPY
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FOREX ...in 3 Sentences
FOREX
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The Foreign Exchange (Forex) market is one in which a nation’s currency is traded for that of another at a
mutual agreed rate.
Forex market is run electronically within a network of banks, 24 hours, 5 days a week.
It is the largest market in the world - $3 trillion per day versus $500 billion for stock.
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The Business of FOREX Trading
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Minimal Investmentstart w/ $200 (50/1 leverage)
No employees, office, inventory
Minimal Time Commitment
Recession Proof
Your wealthy Future Inc.
But...
You have to be willing to master the 3 Principles!
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The Business of FOREX Trading
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Build your business from anywhere in the world.
Plan your daily trading routine around your day job.
Profit returns of 5-20% a month.
EUR/USDGBP/USD
USD/JPYUSD/CHFAUD/USDNZD/USDUSD/CAD
24-Hour MarketFlexibility
Generate Consistent Profits
7 Pairs withLiquidity
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The Business of FOREX Trading
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Add your own subtitle here.
Markets Times Open (based on EDT) Currency
New York 9am to 5pm USD
Sydney 5pm to 2am AUD
Tokyo 7 pm to 5 am JPY
London 4am to 12pm EUR & GBP
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Currency Exchange Rates
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While all other pairs are quoted to 4 decimal places (1 pip = 0.0001), the JPY pairs are quoted to 2 decimal places (1 pip = 0.01).
This quote tells us that 1 US dollar is equivalent to 1112.35 Japanese Yen.
A PIP (Price Interest Point) is the smallest change in value for any given forex quote.
USD/JPY = 112.35
PIP
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PROFIT/LOSS =
Calculating FOREX Profits
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Number of PIP’s x Number of Lot’s x $ Value per PIP per mini lot*
100 X 1 X .$90** = $90.00
Leverage made be a big as 50 to 1, so only $200 margin
would be required to earn $90 or 45%.
* TOS standard is a mini lot (10,000) ** $ value per PIP for USD/JPY
100 PIP Move X 1 Lot X $.90 per PIP