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Just a reminder: This Wiki is intended for educational purposes only and is not intended as financial advice. Consult your financial advisor should you have questions about your finances. | Just a reminder: This Wiki is intended for educational purposes only and is not intended as financial advice. Consult your financial advisor should you have questions about your finances. | ||
''NOTE: This Wiki is in constant development starting March 30, 2023. Please bookmark and check back regularly for updates.'' | ''NOTE: This Wiki is in constant development starting March 30, 2023. Please bookmark and check back regularly for updates.'' | ||
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='''The 6 Essential Elements of Forex Trading'''= | ='''The 6 Essential Elements of Forex Trading'''= | ||
In this Wiki, we will look at the 6 essential elements of professional [[Forex]] trading, why they are so important to your success, and how you should approach learning them. Understanding these 6 key elements will help form the structure of your learning and understanding of how the Forex market works and why price moves the way | In this Wiki, we will look at the 6 essential elements of professional [[Forex]] trading, why they are so important to your success, and how you should approach learning them. Understanding these 6 key elements will help form the structure of your learning and understanding of how the Forex market works and why price moves the way they do. Trading is a business just like any other with many moving parts and lots of things you need to know. We have done our best and are constantly updating this Wiki and the other Wikis it links to in order to give you the best information available to help you make more pips. | ||
The 6 Essential Elements of Forex Trading are: | The 6 Essential Elements of Forex Trading are: | ||
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After you have a solid understanding the next thing you need to do is define your trading strategies based on what makes the most sense to you and your situation. | You can click on any of those links above now to take you to the Wikis on those subjects or you can keep reading the brief descriptions below for a bit more information. | ||
After you have a solid understanding of these 6 concepts the next thing you need to do is define your trading strategies based on what makes the most sense to you and your situation. | |||
This Wiki is an aggregate of several other Wikis. At any time you can click on the links to the other Wikis where you will be brought to the main Wiki for that subject. In those Wikis, you will find great amounts of information that are designed to help you understand each subject like a professional. There is a heavy emphasis on trading in line with the larger players in the market that are the ones that are responsible for moving the [[Forex]] market. | |||
=='''[[Fundamental Analysis]]'''== | =='''[[Fundamental Analysis]]'''== | ||
[[Fundamental Analysis]] is simply the process of identifying and understanding the "factual reasons" why the market is moving in the direction that it is currently moving within the overall trend over the long term. This is in contrast to identifying that a trend or price move has already happened which is the job of [[Technical Analysis]]. [[Technical Analysis]] is backward-looking at past prices while [[Fundamental Analysis]] is forward-looking and allows you to use current information to try and predict where prices might go in the near future. | |||
[[Fundamental Analysis]] is an extremely underserved subject when it comes to retail traders and how they obtain their trading knowledge. Whereas [[Technical Analysis]] uses ''past prices'' and indicators based on ''past prices'', [[Fundamental Analysis]] uses ''past market information'' to try and predict the future direction of prices. This ''past market information'' is what the big banks and hedge funds use to make their trading decisions and these are the people that have the money to move prices so it makes sense for us retail traders to understand how they are looking at the markets. | |||
In this Wiki, we will explore all the various aspects of [[Fundamental Analysis]] including: | |||
* [https://volatility.red/Fundamental_Analysis#Introduction What Fundamental Analysis is] | |||
* [https://volatility.red/Fundamental_Analysis#Objections_to_Fundamental_Analysis Objection to Fundamentals] | |||
* [https://volatility.red/Fundamental_Analysis#Institutional_and_Retail_Traders The differences between institutional and retail traders] | |||
* [https://volatility.red/Fundamental_Analysis#Sentiment_Analysis Sentiment Analysis] | |||
* [https://volatility.red/Fundamental_Analysis#Central_Banks Central Banks] | |||
* [https://volatility.red/Fundamental_Analysis#Economic_Data_Releases Economic Data Releases] | |||
* [https://volatility.red/Fundamental_Analysis#Fundamental_Supply_and_Demand Fundamental Supply and Demand] | |||
* [https://volatility.red/Fundamental_Analysis#Intermaket_Analysis Intermarket Analysis] | |||
* [https://volatility.red/Fundamental_Analysis#Economic_Cycles Economic Cycles] | |||
* And so much more... | |||
Revision as of 10:10, 31 March 2023
Trading in the Forex market can be a complicated and difficult task if you don't know where to start or what type of information to consume. There is an enormous amount of information available on the internet and even more people that want you to spend your hard-earned money on their courses, systems, signals, algos or any other number of trading related schemes. What we have done in this Wiki is break down the essential skills and information you will need to build a solid foundation as a Forex trader.
We have gone to great lengths to put this information together that was developed and written by actual full-time traders with decades of experience. It is our hope that, with this information, we can bridge the gap between the big banks and retail traders to help put more money in the pockets of retail Forex traders and less in the coffers of the big banks.
In this Wiki, we will look at the 6 Essential Elements of Professional Forex Trading, why they are so important to your success, and how you should approach learning them.
Just a reminder: This Wiki is intended for educational purposes only and is not intended as financial advice. Consult your financial advisor should you have questions about your finances.
NOTE: This Wiki is in constant development starting March 30, 2023. Please bookmark and check back regularly for updates.
The 6 Essential Elements of Forex Trading
In this Wiki, we will look at the 6 essential elements of professional Forex trading, why they are so important to your success, and how you should approach learning them. Understanding these 6 key elements will help form the structure of your learning and understanding of how the Forex market works and why price moves the way they do. Trading is a business just like any other with many moving parts and lots of things you need to know. We have done our best and are constantly updating this Wiki and the other Wikis it links to in order to give you the best information available to help you make more pips.
The 6 Essential Elements of Forex Trading are:
- Fundamental Analysis
- Sentiment Analysis
- Risk Management
- Trading psychology
- Price Action Analysis
- Technical Analysis
You can click on any of those links above now to take you to the Wikis on those subjects or you can keep reading the brief descriptions below for a bit more information.
After you have a solid understanding of these 6 concepts the next thing you need to do is define your trading strategies based on what makes the most sense to you and your situation.
This Wiki is an aggregate of several other Wikis. At any time you can click on the links to the other Wikis where you will be brought to the main Wiki for that subject. In those Wikis, you will find great amounts of information that are designed to help you understand each subject like a professional. There is a heavy emphasis on trading in line with the larger players in the market that are the ones that are responsible for moving the Forex market.
Fundamental Analysis
Fundamental Analysis is simply the process of identifying and understanding the "factual reasons" why the market is moving in the direction that it is currently moving within the overall trend over the long term. This is in contrast to identifying that a trend or price move has already happened which is the job of Technical Analysis. Technical Analysis is backward-looking at past prices while Fundamental Analysis is forward-looking and allows you to use current information to try and predict where prices might go in the near future.
Fundamental Analysis is an extremely underserved subject when it comes to retail traders and how they obtain their trading knowledge. Whereas Technical Analysis uses past prices and indicators based on past prices, Fundamental Analysis uses past market information to try and predict the future direction of prices. This past market information is what the big banks and hedge funds use to make their trading decisions and these are the people that have the money to move prices so it makes sense for us retail traders to understand how they are looking at the markets.
In this Wiki, we will explore all the various aspects of Fundamental Analysis including:
- What Fundamental Analysis is
- Objection to Fundamentals
- The differences between institutional and retail traders
- Sentiment Analysis
- Central Banks
- Economic Data Releases
- Fundamental Supply and Demand
- Intermarket Analysis
- Economic Cycles
- And so much more...
Sentiment Analysis
Coming Soon
Risk Management
Coming Soon
Trading psychology
Coming Soon
Price Action Analysis
Coming Soon
Technical Analysis
Coming Soon
Trading Strategies
Coming Soon
Fundamental Trading Strateiges
Coming Soon
Sentiment Trading Strategies
Coming Soon