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11

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..
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.

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12

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13

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14

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,
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: $8000 , $1000
..
... !!..
, :
.


:
$3000 .
.
leverage
.
, , $10.000 $1000
.
15

 $1000 " used

. " margin

$2000 " . " usable margin

,
.
$12000 $10.000
= . $5000
$8000
$2000 ,
$1000 .
" "
,

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16


Used and Usable margin

, , :
: used margin ,
.
: usable margin ,
.

.
$1000 . $2000
$1000 .

.
:
= /
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10 , :
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= $1000 = 10 / 10.000

:
= $2000 = 1000 / 20.000

17


, .
= , $10.000
$10.000 ..
!!
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= * /
,
.
:
= $10.000 = 10
:
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:
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3
$3000 .
20

20
:
= * /
= $ 500 = 20 / 10.000 * 1
18

 $500 .

:
=
:
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19


.

.

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$10.000 $1000
$2000 .
.. . $10.000
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.. !!..

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20


.

.
..
,

$10.000 $11.000
. $12.000
$10.000 ,
$12.000 .
$12.000 ,

, $12.000 $10.000
$2000 ) ( $10.000 - $12.000
$3000 ) $5000 $2000 + ( .
, .
!!..
$1000 , $2000 %200 ..

!!..

$10.000 $9500 .
. $500
$9500
$9500 $500 ,
= $3000 ) $2500 $500 ( .
..

21

 !!..
.
!!
$9500 . $9000
$1000
. $2000
..
. $8000

.
!!..
!!..
..

= $2000 .
$8000
, $2000 .
$8000 $2000
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.
!!..
.
$8000
22

 . Margin Call
.

.
.
$9000 ,
$1000 .
$8500
.
$8000
= $2000
- - .
= $7500 = $2500

$2500 - = $10.000 - $7500
$2000 $500
.
: = ..

:
$8000
$2000 ) $8000 +
23

 $2000 ( $1000 )
$3000 $2000 (
$2000 .

.
$1000 = $3000
$7000 .
$8000

$8000 .
.. !!..
. $8000
.
. Auto Close
..
..
.. .
. trading in margin basis

.
!!

24

 ..
,
.
,
order ,

200 !!..
..
.

25


,
.
:

Unit
. " " Lot
. lot
, .
.. ..
= .
Soy beans 5000 - Bushel
- = 5000
. 560 = 560 .
, .

Contract Size
.
= $10.000
1 $10.000 2
(10.000 * 2 ) $20.000 ..

.

26

 Leverage
) (

:
= * /
) 1 ( $10.000
$1000 .. :
= * /
= 10 = $1000 / $10.000 * 1
1:10 $ 1 ,
$1000 $10.000
: $10.000 $1000

: = * /
= 40 = $1000 / $10.000 * 4
40:1 $1000
$40.000 4 .

.

Used Margin
,

..
.

:
= * /
27


.
= $10.000 10
1 :
= * /
= $1000 = 10 / $10.000 * 1
3 3 :
= , $3000 = 1000 / $10.000 * 3 $3000 3
) 3 ( .
: 1 = $20.000 = 20 20:1
2

: = * /
= $2000 = 20 / $20.000 * 2 .
: 2 , 4
: = $4000 = 20 / 20.000 * 4 .

Usable Margin
, .
,
$500 .

.

..
, .
, :

28

 =
,
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,
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.
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: $10.000

10

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= * /
= $1000 = 10 / $10.000 * 1 $1000
=
= $2000 = $1000 - $3000 ,
.
= $12.000
$2000
)(10.000 -12.000
29

 ..
$9000 ,
$1000 .

$8000 , =10.000-8000 ) $2000
(2000 . ,
.

$8000
.
:
,
:
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=
= $ 1000 = 2000 -3000 , .
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(10.000 * 2 ) $20.000 $4000
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.
.
$9500 .

30

 $19000 $1000

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,
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31


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.

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32


..
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.. .
.
,
.
, .
,
.


, .
$10.000 , $8000
$10.000 $8000 $2000
.
.. .

!!..

$10.000
33

 $8000

$10.000 ,
$8000 .

. $2000
$10.000 $8000 !!.. $2000
.

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.
$10.000 $8000 .
: .
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, .
.
.
.
.
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34

 " " Bullish " " Bearish

, Bull ,
Bear , .

bulls .

bears .

,
.

: $2000

. $3000

: $2000 $3000

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(.
.
: 2 $2000

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,
..
35

 , $2000 $2000
.
$1000
$1000 , $1000 .

, $3000
$3000 , $2000 $1000
.
.
,
.

.
.
LONG SHORT .
LONG SHORT .


.
.
$1000 ,
. $3000

$10.000
, .
1 = . $10.000

36

 $1000 , $2000
.
, $9000
$1000 , $10.000
.
..
.. . $12000
$2000 .
, $12000
$10.000 $2000 .
= . $5000
:
=
= $2000 = 10000 -12000

= $10.000
.
.
, $10.000
.
$1000 .
.
$2000 , .
= . $11000

37

 $1000 $10.000
= $11000 , $1000
.
.. ..
= , $8000
$8000 $2000 .
, $8000 $2000
= $5000
:
=
= $2000 = $8000 - $10.000

.

38




:
:

Stocks
Commodities
Currencies
:

Stock market

.
, brokerage
,
.. .
,
,

.
,
, -
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:

39


,
.

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CFD contract for difference
.
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!!..
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41

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42


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,
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43

44


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45

 platform
download .

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..
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46


Currencies Trading

,
.

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exchange
.
:

9 ) ( EST 4 .

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47

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!!..
24 .
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10
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,
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High liquidity
,
.

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liquidity

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Fair and Transparency

!!..
48


.
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49

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!!..

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!!..

50


, ,
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51

 High Leverage
.

.

,
.
: 1:10 $1000 . $10.000
1:20 $1000 . $20.000
:
= / .
,
.
.
200 !!..
$1000 !!.. $200.000

.

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.
.. .

52


, .

25 2000 !! .
.

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.
1947 " "

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.
.
1970

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,
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,

.

53


.

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.

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..

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.

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!!..
.

54


.

.
!!..

, .

..

.
.
.. .

55

 Currency rate
$10.000 , $20
120 3.5 .

.
.
.. .
,

.
!!..
.
..
.
, .

, .

.
. Supply and Demand
.
.
56

 .
: = 3.5
.
3.5 .
3.6 3.7
4 ,
.

.
.

.
.
..
= 3.5 3.5 .
= 4 .
.
.
= 3.5 3.5
= 3 .
, .
, .
.

57

 .
.

.
.
!




.
..
.
..
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!!.. Speculators

.
,
.
..
.
.

58

 !!..

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, .
..
!!..
.

59


..
.
.
: =
.. .
.
,
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$10.000 , $8000
$10.000 $8000 $2000
.
.. .

!!..

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60

 $8000

$10.000 ,
$8000 .

. $2000
$10.000 $8000 !!.. $2000
.

..
) ( .
$10.000 $12000 .
.
$10.000 $8000 .
: .
: .

.
, .
.
.
.
.
, .
61

 " " Bullish " " Bearish

, Bull ,
Bear , .

bulls .

bears .

,
.

: $2000

. $3000

: $2000 $3000

$1000 ) .
(.
.
: 2 $2000

, $1000

: $2000 , $2000

$1000 . $1000 . $1000

..

.. ..

,
..
62

 , $2000 $2000
.
$1000
$1000 , $1000 .

, $3000
$3000 , $2000 $1000
.
.
,
.

.
.
LONG SHORT .
LONG SHORT .


.
.
$1000 ,
. $3000

$10.000
, .
1 = . $10.000

63

 $1000 , $2000
.
, $9000
$1000 , $10.000
.
..
.. . $12000
$2000 .
, $12000
$10.000 $2000 .
= . $5000
:
=
= $2000 = 10000 -12000

= $10.000
.
.
, $10.000
.
$1000 .
.
$2000 , .
= . $11000

64

 $1000 $10.000
= $11000 , $1000
.
.. ..
= , $8000
$8000 $2000 .
, $8000 $2000
= $5000
:
=
= $2000 = $8000 - $10.000

.

65


.
.

,
.

. OTC

platform

- - .

.

.

66

 Majors
Symbol

,
symbol .
USD U.S dollar
CAD Canadian dollar
AUD Australian dollar
symbol .
.
:
: . EUR
: JPY . Japanese yen
: GBP . Great Britain pound
: CHF . Confidralic Helevitica Franc
%80 .




.
pairs -
, . .
67

 ,
.
, .
.
:
: !!


.


.
,
%80 .

,
!!..
.
.
.
.
.
:
EUR/USD
68

 GBP/USD
USD/JPY
USD/CHF
. Majors

:
. USD/CAD
. AUD/USD
,
.
.

.
%80
.
.

69

 Croses


: .
. EUR/GBP
. CHF/JPY
.
. CROSES
:
. EUR/GBP
. EUR/JPY
. EUR/CHF
. GBP/JPY
. GBP/CHF
,
.

%95

70

 RATES
..
.
.


: .
.
35 $10.000 6500 .
3.5 .70 .
,
: .
3.5 .
3.5 .
120 .
120 .
.
.
.
.90 . EUR / USD =.90

71

 .90 ) 90 ( .
1.5 . GBP / USD = 1.5 :
1.5 .

72

 Base currency
:
.
GBP /USD = 1.5 :
1.5 1.5

USD / JPY = 120 :
120 120

Base currency
.
..
GBP / USD = 1.5 :
) (
) ( )
( .
1.5 .
EUR / USD = .90 :
) (
) ( )
( .
.90 .

73


USD / JPY = 120 :

) ( ) ( .
120 .
USD / CHF = 1.4 :

) (
) ( .

USD / JPY JPY / USD
: ,

.
USD /JPY = 120
120 .
= 120 .
JPY /USD

) (
) ( .
= 120
1/120 = .008 .
JPY / USD : ) ( )
( : .008 .
USD / JPY ) ( )
( :
74

 120 .

.
120 .
$ .008 .

75


Direct and indirect currencies
,

EUR / USD : . GBP / USD

EUR/USD = .9000 :
= .9000 .
GBP/USD = 1.5000 :
= 1.5000 .
.

EUR/USD
GBP/USD
AUD/USD

.
.

USD/JPY : . USD /CHF

76

 USD /JPY = 120 :

= 120 . .
USD/CHF = 1.4000 :
= 1.4000 .
.

USD/JPY
USD/CHF
USD/CAD

: !!..

, .

.

77


!!
.
EUR/USD = .98
EUR/USD = 1

$.98 .
$1 .
, .
, .
GBP/USD = 1.3
GBP/USD = 1.5

.
$1.3 $1.5

, .
.
: .
:
1
EUR/USD = 1 :
78

 EUR/USD = 1.01 :

: .
2
EUR/USD = .95 :
EUR/USD = .90 :

: .
3
GBP/USD = 1.6
GBP/USD = 1.2 :
.
: .
4
GBP/USD = 1.6
GBP/USD = 1.69 :

: .
.
..
USD/JPY = 125

79

 USD/JPY = 120 :

125 .
120 .

.

.
.
USD/JPY = 125
USD/JPY = 130 :

:
.

.
:
1
USD/JPY = 126 :
USD/JPY = 128 :

:

.
2

80

 USD/JPY = 127.8
USD/JPY = 127 :

:

.
3

USD/CHF = 1.42 :
USD/CHF = 1.40 :

: 1.42 ,
1.4 .
4
USD/CHF = 1.62
USD/CHF =1.78 :

: .
.
.

.
.

81


.
.

,
.
.

!!.
.. ..
.
, .

82

.
,
.
.

83


, .
, .
.
,
.

!!..

EUR/USD = .9892 :
) ( .
GBP/USD =1.5264 :
) ( .
USD/CHF = 1.4232 :
) ( .
USD/JPY = 125.26 :
) ( .
.0001
.01
. POINT OR PIP
: EUR/USD = .9825
EUR/USD = .9826 : .0001
. one pip
84

 EUR/USD = .9825
EUR/USD = .9824 :
.

GBP/USD =1.5253
GBP/USD =1.5254 .0001
.
GBP/USD = 1.5252
.

.

USD/CHF = 1.4236
USD/CHF = 1.4235 : .0001
.
USD/CHF = 1.4237 :
.

USD/JPY = 120.50
USD/JPY = 120.51 .01
.
USD/JPY = 120.49
.
85


.
,
.
.

:

.
= ) ( * 10000
.
1
EUR /USD = .9850
EUR/USD = .9890

:
= ) ( * 10000
= ) 40 = 10000 * ( .9850 - .9890
40 ) . ( .
86

2
GBP/USD = 1.5289
GBP /USD = 1.5320

:
= ) ( * 10000
= ) 37- = 10000 * ( 1.5320 1.5289
37 ) . ( .

.
= )) ( * 1- * (10000
.
1
USD/CHF = 1.4827
USD/CHF = 1.4785

:
= )) ( * 1- * (10000
= )) 42 = 1- * ( 10000 * (1.4827 - 1.4785
42 ) . ( .
87

2
USD/CHF = 1.3267
USD /CHF = 1.3102

:
= )) ( * 1- * (10000
= )) 165- = 1- * ( 10000* ( 1.3102 1.3267
165 ) . ( .

.
= )) ( * 1- * ( 100
.
1
USD /JPY = 124.82
USD /JPY = 123.50

:
= )) ( * 1- * ( 100
= )) 132 = 1- * ( 100 * ( 124.82 123.50
132 .
88

2
USD/JPY = 126.03
USD/JPY = 125.27

:
= )) ( * 1- * ( 100
= )) 76- = 1- * ( 100 * ( 125.27 126.03
76 .
:
50
: !!..
.
.

!!
!!

89

 Contract size
.
.
.

.

. LOT
.
: LOT .
2 3 20 ...
, .

..
. contract size
100.000
.

100.000
, .
100.000
.
100.000 .
100.000 .

90

 $100.000
$100.000 .
!!..
..

91

 PIP value
$10 ,
$10 ..
.
$15 1000 , . $5000

1000 = 250 , .
.
10.000 = $2500
.
..

.
,

:
EUR /USD = .9850
EUR/USD = .9851 .
1000 .
1000 , $985 . $ 985
1000 .
EUR/USD = .9851
92

 , 1000 $985.1 .
=
= .1 = 985 985.1 10
1000 10 .
50 5 50 ) . * .10 ( .
!!..
100.000 1000
100.000 $ 98500 .
100.000 .
. $98510
=
= $10 = 98500 98510
100.000 . $10
50 500 ) 50 * $10 ( .
..
,
.
1000 10 .
100.000 $10 .
, .
100.000
, .

93

 .
,
.

1000
100.000 .
.
100.000 ,

: :
= . $10
= . $10
= $8 .
= $6 .
.

94


Profit & Loss
, :
.
.
.
!!..
, ,
.
...
.. .
:

= )(* * .
.
.
1
1 GBP/USD = 1.4926
GBP/USD = 1.5085

:
.

95

 = ) ( * 10000
= ) 159 = 10000 * ( 1.4926 1.5085
159
:
= )(* * .
= $1590 = 10 * 159 * 1 = $10
= $1590
2
2 EUR/USD = .9762
EUR/USD = .9793

:
.
= ) ( * 10000
= ) 31 = 10000 * ( .9762 - .9793
31 .

= )(* * .
= $620 = 10 * 31 * 2 = $10
620
3

96

 3 USD/JPY = 123.08
USD /JPY = 123.62

:
.
= )) ( * 1- * ( 100
= ) 54- = 1- * ( 100 * ( 123.08 123.62
.

= )(* * .
= $1296 - = 8 * 54 - * 3 = $8
1296 .
4
4 USD/CHF = 1.4356
USD/CHF = 1.4500

:

= )) ( * 1- * ( 10000
= )) 144 = 1- * (10000 * (1.4500 1.4356
.

97


= )(* * .
= $3456 = 6 * 144 * 4
4 $3456
,
,
.

98


Standard & Mini account
.
1000 = 10 .
100.000 = . $10
100.000 .
= 100.000 :
= . $10
= . $10
= . $8
= . $6

. Standard account
= 100.000

100.000 , 2 200.000
.
$100.000 .
.
50 = , $500
2 .. $1000 .

80 300 .

99

 50 $500
..
..
!!..
!!..
.

.

$2000 50 $500
, %25 .
, ,

!!..
, .
. Mini account
.


= 100.000 , = 100.000 .
= 10.000 , = 10.000 .
1 10.000 ,
1 $10.000 .
.
= 10.000 :
100

 = . $1
= . $1
= $.80 80 .
= $ .60 60 .
.
.
:
1
2 USD/JPY = 125.23
USD/JPY = 124.60
.
:
.
= )) ( * 1- * ( 100
= )) 63 = 1- * ( 100 * ( 125.23 124.60 ) ( .
:
= )(* * .
= $ 100.8 = .80 * 63 * 2
= . $100.8

101

 3 GBP/USD = 1.5282
GBP /USD = 1.5332
.
:
.
= ) ( * 10.000
= ) 50 - = 10000 * ( 1.5332 1.5282 ) (
:
= )(* * .
= - $150 = 1 * -50 * 3
. $150
. $1500
.
... .
,
.

.
..

,
..

102

100.000

10.000

$50

$500

$ 10

$1

$ 10

$1

$8

$ .8 80

$ 6.5

$ .65 65

2004 100
100:1 200
NFA

1000
100

103


Forex trading in margin basis
.
.


.
,
200 !!..
!!..
!!..


.

, =

, . $2000

100.000 .

1 -

, 100.000

, . $500

EUR/USD = .9550

EUR/USD = .9500 50

$95000 .

$1500 .
104

1 100.000 .

EUR/USD = .9550

100.000 . $95500

$95000 $500

EUR/USD = .9450 .

. $94500

$95000 .

$1500 $500

$1500 .

. $2500

$500 .
.

EUR/USD = .9350

$1500 .

, margin call

$93500 . $95000

.

.
= 100.000 $10.000 .
$500
$200.000 1:200 1:10
$1000 . $10.000
.
105

 .
.
.
.
.

.
.
,
.

.
.
.

.

2004 100 100:1 200
NFA
1000
100

106


.
,
.

Forex brokrage firms ,

.


.
.



.

platform

.
:

107


.
24
.
.
.

.

.

108



.

download ,


.

,

,
Mobile - PDA
- .

.

109

 Demo account
, Demo account

. .
.

,
,
.

.
:
: Standard account Real = 100.000
.

: Mini account Real =

10.000 .

: Demo account
.

Price Motion
simulator -

- Price Motion

simulator .

110

:
http://www.expertworx.com/pm/index. htm

111


,
.

...!!
!!..
!!..
.
..

200

:
:

. Commisions
. Spread
. Interest
. Fees
.

112

 Commisions

.
: $500 $20
, 2 $20 .

$300 $20
. $320 .
.
..
!!..
.
.
,
!!..
, !!
.

113

 Spread
.


:
:
:
: 3.65 : 3.50 :

3.65 .
3.50 .
3.65 .
3.50 .

.

3.50 3.65 .
.15 = 3.50 3.56 : ,
.
. spread
.
.
114

 : .
: EUR /USD = .9500-9505
, . $.9500
, . $.9505
$ .0005 .
ASK
BID
:

ASK
.9805
1.5240
123.30
1.4833

BID
.9800
1.5235
123.25
1.4828

EUR/USD
GBP/USD
USD/JPY
USD/CHF

)(1

: .
: ASK $.9805 , $ .9805
: BID $ .9800 , $ .9800
.

: ASK .
: BID .
5 .
SPREAD = 5 POINTS :
115

 1000 ) (1 $980.5
1000 , $980
. $.5
.
,
.
:
1
:

ASK
.9805

BID
.9800

EUR/USD

60 EUR/USD = .9860

:
.
.9805 .
ASK ,
.
1 .9805

:

ASK
.9875

BID
.9870
116

EUR/USD

 )
( .9870
BID , ,

.9875 .
1 .9870 .
1 .9805 .9870 = 65 .
$650 $65 .
2
:

ASK
123.55

BID
123.50

USD/JPY

:
: ASK .
: BID .
.
) ( ) ( . BID
. 123.50
!!
:
117


. ASK
. BID
..
. BID
. ASK
.
:
: 3
:

ASK
1.4830

BID
1.4825

USD/CHF

50 ,
:
,
.

BID ,
.
. 1.4825
: 4
118

ASK
1.5240

BID
1.5235

GBP/USD

80 ,
:
,
.

BID ,
. 1.5235
: 5
:

ASK
122.13

BID
122.08

USD/JPY

,
:
, .
.
ASK ,
.
122.13

. SPREAD

SPREAD 5 4 8 .
SPREAD = 5 .
119

 SPREAD .
,

,
.

120

 Rollover Interest or
.
100.000 $500
.
100.000

100.000 .
.

100.000 .


.
!!..
,
.. .

,
.

100.000
.
24 .

121


$20 -$8
= 100.000 Standard =
10.000 Mini $1 .

. .

.
: = 100.000

$10 .

$15 .
.
. .

.
5 EST 12
.

1 12
.
12 , 12
.
12 ,

12

.

.

122


.
:
= )( * *
, :
= )( * * ) * ) * .

.
12
.

1
2 USD /CHF = 1.4520
12 USD /CHF = 1.4580
= $6 = $10 .
:
.
= )) ( * 1- * ( 10000
= )) 60- = 1- * ( 10000 * ( 1.4520 1.4580 .
, 12 .
= ) )( * * ( ) )( * * (
.
123

= ) $ 740 = ( $10 * 1 * 2 ) - ( 6* 60- * 2

$720 $10

12 , 12 ,
!!
2

3 GBP/USD = 1.5250
12 3 . GBP/USD = 1.5185
= $10 = $12
:
.
= ) ( * 10000
= ) 65 = 10000 * ( 1.5185 1.5250 .
, 12 .
= ) )( * * ( ) )( * * (
.
= ) $1878 = (12 * 2 * 3 ) ( 10 * 65 * 3
= $1950 $72 3 .
3
1 USD/JPY = 124.23
12 USD/JPY = 123.81
= $8 = $9.5 .
:
.
124

 = )) ( * 1- * (100
= )) 42 = 1-* ( 100 * ( 124.23 123.81 .
, 12 .
= ) )( * * ( ) )( * * (
.
= ) $336 = ( $9.5 * 0 * 1 ) ( 8 * 42 * 1

4
2 EUR/USD = .9850
12 EUR/USD = .9875
= $10 = $8 .
:

= ) ( * 10000
= )25 - = 10000 * ( .9875 - .9850
, 12
3 .
= ) )( * * ( ) )( * * (
.
= ) $548- = ( 8 * 3 * 2 ) ( 10 * 25- * 2
$500 2 12
, .

125


.
,
.

:
: 12 .
%90 , ,
.
: .

Spread
.

126


.

.

.

: . Open position
: . Close position
.
: 1 .
.
.
.
:
.
.
1 .
.
.
.
:
.
127

 :
.
.

128

 Enter and exit point

2 . GBP/USD = 1.5245
. GBP / USD =1.5280
1.5245 . 1.5280
1 USD/JPY = 123.52
. USD /JPY = 123.70
, 123.52 . 123.70
: Enter point .
: Exit point .
.
!!..
.
, .
,

129


profit &loss and floating profit &loss
.
.
: 1 .
10 .
$100 = . $10
10
= . $100
30 .
. $300
.
. Floating loss
.
.
, 80 70 , 60 ,
.
10 .
$100 10
= $100
50 .
$500 .

130

 .
. Floating profit
.
, 100 80 ,70 , .
.

131


.
.

100 5
, !!..
.
EUR / USD = .9800 100
EUR /USD =.9900 5 .
:
EUR /USD = .9800
EUR /USD = .9780 20
= $200 1 .
EUR /USD = .9845 45
= . $450
. EUR /USD = .9790 10
= . $100
EUR /USD = .9860 60 =
. $600
EUR /USD = .9815 = $150 . $600
EUR /USD = .9900 .

.
!!..
132

 !!..
!!!..

.
.
.

!!..
,

.
!!..
..
...
.. ..
!!..

Retracement or Correction
" ".

.
: 820 :
180 .
150 .
133

 240 .
120 .
50 .
200 .
220 .
820 .
.
. Retracement
.

,
.



,
.
Correction
.


!.

134



.
..
Standard account , Mini account

.
Universal
account

2.3 2 3

.
.. $2000
= . $2000
: .
:
. Balance
. Used margin
. Usable margin
. Equity

135

: Balance
.

: Used margin

: standard $500
, $500

$2000 , $1500 2
$1000 $1000 .
.
:
= *

: Usable margin
.
:
=
1 $500
= $1500 = 500 2000
, $1500
Margin call .

: Equity
.

136

 ,
$10
, $10 .
Equity .
: 1 ,

20 $200
$2200

:
= +
= $5000
$500
.
= $5500 = 500 + 5000
$5500
$300
.
= $4700 = (300-) + 5000
$4700
.
Equity

.
137

138


Forecasting

100000 $500
,
..


$10 ) (
, 300-100

..
..
50 $500 ..
100 $1000 .. ..
, , ..


.. .. ..

139

 ..
!!..
.. !!..
, $10 ...

$10 !!..
50 $500
.
..
.
..
..

.
..
..
..
,
.
,
300-100 .
.
..
140


.. " " Trends
..

Technical analysis Fundamental analysis


:
Up word
Down word
Sideline

..
, .
,
.

..
.
,
,
.

:

141

 Technical analysis

.
Fundamental analysis

,
.

142

 Technical analysis

:
Prices move in Trends
,
.
.. ..
,
Trend
.
Trend
..


.

Trend .
History repeats it self
" " " " .
.
Trends exist until not broken
,
143

 .
!!..

.

) (1 ,
!.

)(1

144

 ,
,
.

.

,

. download

,

,
.
.

145

 Time frame
:

.

,

.

. Hourly

,

.

. Daily

:
: 1 Minute .
: 15 Minute .
: Hourly .
: Daily .
: Weekly .
10 5 ..
.
146

 : .. Chart
. package software

.. hourly
..
..
..
..
..

..

,
" "
.

147



:
Open price
Close price
High price
Low price


:
.
.
.
.

:




.. :
148

 Open price
.

Close price
.

High price
.

Low price
.

149



) (1

)(1
.

.
)(2

150

 )(2
..
)(2
GBP/USD 1hour :
.
GBP/USD DAY :
USD/JPY WEEK :
USD/CHF 15MIN :
.
) (2
- .
.
.

151

152


.

,
.
3
:

Liner chart
Bars chart
Japanese candle stick chart

.

153

 Liner chart
.
)(3

)(3
.
) (
.
.
)(4

154

 )(4
.
7/30 .

patterns
.

155

 Bar Chart
,


.
: , hourly

.

.
.
.
.
)(5

156

 )(5

, daily


.

.
.
.
.
)(6

157

 )(6
.
,

:
.

.. .
.
:
158

:1

) ( .
: 1 = .9759
, . = .9771 .

: 2 = .9747 = .9745
= .9759 = .09762

: 3 = .9740 =

.9739 = .9747 = .9752

: 2

159


.
: 1 ) ( ) ( = 1.6240

, = 1.6250
, ) ( = 1.5875
, = . 1.5860
: 2 = 1.6450 = 1.6555
= 1.6235 = . 1.6225

: 3 = 1.6675 = 1.6725

= 1.6450 = . 1.6440

160


Japanese candle sticks


.

:

.
,
:
: :
.
.
161

 .
.
)(8

)(8
) ( )
( .
: :
.
.
.
.

162

 ) ( )

( .
)(9

)(9

.
:
: 1

163

 .
: 1
= ) .9731 ( = .9730
, = ) .9752 (
, = .9757
.
: 2 , = .9719 = .9731
, = .9732 = .9717

: 3 ,
, = ) .9735 (

= ) .9719 ( , = .9736
= . .9717

164

: 2

.
: 1 , = 1.5528
,
= 1.5526 = 1.5523
: 2 , = 1.5528

, = , 1.5532 = . 1.5526

:3 : = 1.5530 =

1.5528 = 1.5535 = . 1.5527

: 3
165

.
: 1 , , = 125.75

= 126.00 , = 126.10 = . 125.50

: 2 , = 124.40

, = 125.75
.
: 3 , = 124.40

, = , 124.30 = ) 125.00
. ( star

166

 ,

.
.


.

, ..

167



Base currency , EUR/USD :
GBP/USD

USD/CHF , USD/JPY :

.



.

)(10

)(10
.
.

168

 ) ( )
(
.
.

.
.
)
( ) ( .
)
( ) ( .
, !!..
.
:
1

169

:
1 = 125.75 125.75 .
2 = 125.30
" " .

3 = 123.90

.
, .
2

170

 :
1 4 = 1.4865 1.4865

2 5 = 1.4930

" " , .

3 6 = 1.4950

.
,
.

171



.
.

.
.
.

,
.

172


Analysing Chart
,

.
, .

.


.
.
,
.
:
, .

.

:
Trend
Support and Resistance
Patterns
Over buy over sell
173


,
.

174

 Trend

.
:
, Up word .
, Down word .
, Side line .
,

, ,

.


.
trend line Drawing up
higher lows

.
.

175


, .
higher lows
.

176


- -
.
.
,

.

.
:

177


.
. line Up trend
" :
" .

.
.. Braking trend line

)(11

178

 )(11

.
)(12

179

 )(12

.
)(12

)(12

180

 down trend line Drawing

lower
lows .

) (
:

:

. lower highs

.
:
181


- -
.

.
,

.

.
:

182


.
. line Down trend
" :
" .

trend has broken )(13

183

 )(13

) (
. )(14

184

 )(14

.

,

!!..
.
Long term trend .
Medium term trend .
Short term trend .

, " "
,

..

,
.

Trend is your friend

,

.. trend

.. .
.
) ,

( .
185

 ) ( .
.
trend
.
.

186

 Support and Resistance

.

: Resistance .

, ,
, - .

.
)(15

)(15

1.0030 .
187


.
1.0145 .
.
,

,
..
,
,
. strong resistance


,
.
: Support .

, " " ,

,
. strong support

)(16

188

 )(16
.
.9905
,
.9780 .
.9700 .

,
.

,
.

,
.

189

 .
:

.
.

.
.
, :

: .
: .
resistance :

.

.
support :

.

.

190

 Patterns

, ,

.
.
:

Reversal patterns
.

.
:
Head & shoulders
: " "

" " " "

" " " "
" " " " " "
3
. " " . line nick

191

 shoulder left
shoulder right Reversal

. pattern

.
Invert head & shoulders

:

192

 Double top
: " "

" " " "

.
.
:

193

 Double bottom

. .
:

194

 Triple top

195

 Triple bottoms

:

196

 Continuation patterns
.

.
:
Triangle
:

.
.
.

197

 symmetrical triangle triangle ascending

triangle descending
Flag

.
:

198




,
.
liner chart

. .

.. .
199



.


.

. Patterns

.

200

 Indicators
,
, !!

.

.
, .
:
Moving average
.
.
: GBP/USD = 1.4000
10

10 .
.

10 10 10

10 10 10
100 100 . 100
.

201

 10 . 10
10
.
:

10 - -
.

10
10 .
.

202

 Moving average

.
Moving average

.
.
10 30 .
10
30 .

.

10 30 .

Crossover
10
30 .
.
.
:

203

 10 20


.

.

Crossover .
Crossover .
.

.

204

 signals

10 30
.. ,

50 100 200

26 200
.

hourly daily
10

10 daily
10 5 ) * 10 (
.
.

10
.

) 15 , 10 , 5 (

Moving average type

205


.
Simple moving average - SMA
) 20 (
)(20
.
.
EMA- Exponential moving average
.
.

Weighted moving average - WMA

.
.
.

206


.
!!

.
.
.

..

100 !!
.

MACD

Moving Average Convergence Divergence

EMA 26 12
.

207

 26 12 .
.
" " . MACD line
) bullish

12 26 (
. bearish

9 "
" signal line

.
.
.

208

 MACD MACD
.

.
1 0 1-
.

.
209

Crossover .

.
:

Crossover .

.
.
.
:

210


.
.

.

.
..

! keep it simple

!
.
RSI .
.

,

.

Demo account

211

 :
Moving average
.
MACD

.
RSI
" " Momentum

.
0 . 100

70 Over bought ,
.

30 Over sold ,
.

.
15
20 over sold
.

.
. 20
period , 20 20
5 * 20 -

212

 RSI RSI .
RSI 70 over bought
RSI 30
.

.

213

 STOCHASTIC

.

d % k%
.

Stochastic .
%D %K .

%K %D
%K . %D
PARBOLIC SAR
.
.
.

214

 parabolic sar
.
- -

.
.
BOLLINGER BANDS
Volatility .

.

215

 Bollinger band .

.

AVERAGE TRUE RANGE

.
.

216

 high volatility
.
.
.
WILLIAM PERCENT RANGES
momentum over bought over sold
.
.

217

 william .
75- oversold -
. 25- over bought .
.


.

.

, .

218

 Candle stick analyzing

,
Bars
.

Bears Bulls Supply

. Demand


patterns

,
.

.
.

:
" " . Doji star
219

bearish .
:

,
.
bullish .

.

220


.
:
Hammer
Hanging man
Haramy
Morning star
Evening star
Three soldiers
.

. .

!
resistance RSI
over bought
.

.

!

.

221

 Fundamental analysis

, .
.

,

.
:
, ,
,
.
: EUR/USD = .9850 )

(EST ,
EUR/USD = .9700 ,

.
.
.

.
:

222

.
.. .
Calendar

,
.

. http://www.forexnews.com/
WAP
LAPTOP

, :
)Consumer Price Index ( CPI
. month to

month year to year

: %3 %2.5 ,

) . Month to Month (M/M

). Year to Year (y/y
)Producer Price Index (PPI
.

Retail sales index

223

Wholesale index
,

Balance deficit
, .
Trade balance
,

, .
.

Unemployment rate
,

.
Jobless claim

Consumer confidence index

, ,

Producer confidence index

,

)Gross domestic production ( GDP

224

.
Interest rate

,

.
.

,

.

Intervention
,

.

.
.

: USD/JPY = 118.00
= USD/JPY

, 120.00 .

225


.

,
.
.
: DJI 30 ,

.

.

:
FTSE 100 .
NIKKEI 250 .
NASDAQ 100

.
DJI

.
. NASDAQ

.
.
,

.
226

 .
: .


,
.

.

.

" : .. " .
.

..

,
,

.

Subscribe Newsletter
.
..
.

, :

,
227

 .
.
, .

,
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228

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229

230

 Type of orders

.


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..

, .
EUR/USD = .9000
..
.. . .
. Market order

Market Order
.
EUR/USD = .9000

EUR/USD = .9850 ..
.. .9850 .
,

Limit entry orders
231

 Limit Entry Order

,
.

.9850 :
.9850
. .9850 .9850
.
platform
.
.

:
. Stop order
. Limit order

:
. Entry limit
. Entry stop
,

,
part time

.
.
232

Stop order
.
: EUR/USD = .9000
.

$10 $1
. $10

30 $300
60 $600 .
Stop order
.

.9000 , .9850
.9000
.9850 50
.

50 .9850
.

:

.9000 .9000
.9890 .9875 ,
!!..
.9850

233

 ,
.

Always trade with stops : .


:
20 .. .. .
40 .. .. .
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120 ..! .. . !!..
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200 .
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234

 .9000
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.9000 .9870
.
stop

: 1
EUR/USD = .9850 stop
: .9850 stop .9810

40 .

: 2

235

 GBP/USD = 1.6098
: 1.6098 stop 1.6143 45
.

: 3
USD/JPY = 118.50
: 118.50 stop

119.00 119.00 .. ,
50 .

: 4
USD/CHF = 1.4560
: 1.4560 , stop 1.4500

, 60 .

Stop order

.. stop .
.. stop .

.. stop .
.. stop .

236

 Limit order
.
: 80 .

80 , limit
order .

1.6000 80
, 1.6080 1.6080 ,
.

80 .

Strategy

limit order .
:

: 1
.9500
: limit order .9550
.9550 50 .

: 2
1.6230 .
: , . 1.6170
60 .
: 3
237

 118.50 .
: , 118.00 50 ,
50 .
: 4
1.4500 .
: , , 1.4620

70 .

order Limit

.
.

.
.

Stop order Limit order

:

Stop
Limit
238

Stop
Limit

239

 Stop
Limit

Stop
Limit

240

 , stop order Limit order

.
,

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, limit order . stop order

.

30 .
,

: 1.5500

1.5450 ..

1.5450 ,


,

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.

241

 , .

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.

.

EUR/USD = .9000 :
.9100
.
.
.
.

ENTRY ORDER LIMIT

.

:
1
EUR/USD = .9500 EUR/USD =.9450

:
: .9450 ,
EUR/USD =.9450 ,
. order limit entry .
2

242

 1.5560 1.5595
..
: 1.5595
1.5595 .

entry order limit .

3
119.20 119.50 ..

: 119.50 119.50

, . 119.50

. entry order limit

.
4

USD/CHF = 1.4065 1.4020 ..

: , 1.4020

, 1.4020 . entry order limit

.

entry order limit

.
.

.

243

STOP ENTRY ORDER

.

1
EUR/USD = .9780 : .9810

: .9810 .9810

. .9810
. stop entry order
.
2
GBP/USD = 1.5500 : 1.5450

: 1.5450 1.5450

.
stop entry order .
3
USD/JPY = 121.30 : , 120.90

120.90

120.90

. stop entry order

.

244

 4
USD/CHF = 1.4260 , 1.4300

: 1.4300 1.4300
- - .

stop entry order .

stop entry order

.
.

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.

!
!!
,
.

,
.

245

 order Stop
Limit order .
,
.

:


:
!!
,
.
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,excuted

246

 Risk and trading

.
100.000 $500
,
..
.
.
$10 ) ( .
$10 .
200-50
.
.
..
50 $500 .. .
.
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$10 .

247

 $10 !!..
50 $500 .
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%100 %4 .
%1000 .
.

248


.
:
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High volatility

.
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200-50 ,
.
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:
Technical analysis . Fundamental analysis
.

..
!!

249

 ,
.
.
forecast
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!!..
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:

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rules Risk management
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251

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252

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253

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Standard account
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!!
Mini account
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254

255

.
.

.

,
:
: .
: % 2.5 2 .
: .
: .
: .
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. alwayes trade with stops

stop order ,
.
256


.
.
.
.
.
,

" :
"
" "
.

.
Decipline
.

% 5
.
.
% 5 .

$10.000
$500 %5 .

257

 : 1 GBP/USD = 1.4500

. GBP/USD = 1.4450
$500 %5 .
2
GBP/USD = 1.4450 $100 2 1
% 10 : GBP/USD = 1.4475 :
.
25
1.4475
.
:
) ( .
$10 , $1
.
.
%5 .
.
2 %5 2 .
%5
.
30 .

.

258

 10 ,
.

.
%5
.

Trend is your friend
.

.

.

up trend down trend side away

.

: .

.
. .

.
259

 Uptrend .
Down trend .
.
trend ,
.
side away
.

,
.
, .

.
" "
.

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: Fear . Greed
!!

.

260

 . !

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261

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262



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2000/5/26
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263

 ) 10000 ( .2 . / ) 2000
( ) ( 10000 5
) ( % 20
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/ ) 35 (
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) 2000 (
) 35 (
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264

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.
:
265

266


,

.

.

.



.

.

.
:
.
.
.
:

CFTC

267

 Commodity Futures Trading Commission

.
National Futures
Assosiation NFA CFTC

.
NFA .
NFA

ID NFA

.
NFA
NFA
.
NFA

NFA ID .

NFA
.
NFA :

/http://www.nfa.futures.org/basicnet
NFA

NFA CFTC NFA

.

268

 Demo account
Support
.

:

$500 $50 .
Spread
.
5 Majors .
4 5
.
3
.

5 .


.
Standard account :

269

 = . $10
= . $10
= $6 .
= $8 .
Mini account :
= . $ 1
= . $ 1
= $ 0.6 .
= $ 0.8 .
,
.
.

Commissions

.
.

Fees ,
$35
. .
$50 .
.

270


.
Chart package

.
Financial markets

. $200 -$40

.
.

.
.

.

,

.

.

271


!
..
.


.


.
!

.
.

: !
.
.
.
.


.

272

Platform
.

Platform

.
Demo
!
,
Support .
,

.


.
.
, ,
Moving average

273

!

.
,


.


.
.
, !
.

.


!
! Keep it simple

!.

274

 !
,
.

..

.
.

275

 Resources

.

.

.

/http://www.nfa.futures.org
NFA
/http://www.nfa.futures.org/basicnet
NFA NFA ID
http://www.cftc.gov/cftc/cftcglan.htm
CFTC
http://www.cftc.gov/enf/enfforex.htm

CFTC
/http://www.newyork.bbb.org

276


/http://www.mgforex.com

, NFA
.
.

200:1 $500

.

/http://www.cms-forex.com
NFA

platform
.
$200

http://www.fxcm.com/
, NFA

277

/http://www.gcitrading.com

CFD
/http://www.ifxmarkets.com

CFD

/http://www.saxobank.com

/http://www.forex-ice.com
BANK COMMERCE

278


/http://www.refcofx.com

http://www.forexnews.com/
.
,
.

http://www.fxstreet.com/

279



/http://www.equis.com/Education/TAAZ
/http://stockcharts.com/education
http://www.incrediblecharts.com/index.htm
patterns
/http://www.chartpatterns.com
http://www.incrediblecharts.com/technical/chart_patterns.htm

http://www.incrediblecharts.com/technical/indicators.htm
http://www.equis.com/Education/TAAZ/?page=6

http://www.marketsonline.com/education/candlesticks.htm
/http://www.candlestickshop.com

/http://www.forexnews.com

/http://www.ny.frb.org
/http://www.global-view.com/beta
/http://www.intermoney.com
280

/http://www.quicken.com/glossary

Price Motion

http://www.expertworx.com/pm/index. htm

http://www.globalforex.com/books.htm
http://www.mgforex.com/resource/default.asp?loc=books
http://www.learnforex.com/links.html
http://www.forex-trc.com/books.htm
http://store.traders.com/chap14quicsc1.html

281