This Forex trading tutorial details the basics to my forex trading strategy as well as how to apply it to your Forex chart analysis. There is obviously more to this forex trading strategy but if you are able to grasp the foundation thereof, you will be able to use it to assist your trading and improve on your skills as a forex trader. The key parts to this trading strategy are based on trading structure formations and the break of those structures.
This is not typical Elliott Wave Theory but I do use a large Elliott Wave Theory influence in my trading strategy. This strategy is based on technical analysis but I do use a basic understanding of fundamental analysis when deciding to place a trade. Trading Forex for a living requires discipline and commitment. Knowledge is power and you can never have too much knowledge in the trading industry. Strive to learn as much as you can and always be ready to learn more. I hope this video will assist you in gathering momentum on the pips journey.
If you found this video useful, give it a thumbs up and share it with your friends. Also, leave a comment in the comments section below and let me know what you think about this video. Join our free Telegram Channel here: https://t.me/lintonwhite For more information or to find out about our managed account service, go to http://www.greenboxmarkets.com/ Green Box Markets is based in South Africa. Currently, we can see a huge increase in interest with regards to Forex trading in South Africa and we are excited about the opportunity for growth that this presents. We will be launching a range of educational material soon which will include; “trading Forex for dummies” and “trading Forex for beginners” so be on the lookout.
Disclaimer Notice Trading financial instruments carry risk, losses can exceed deposits. Past performance is not a guarantee of future performance. The services that we offer include trading products on margin, this carries risk. Before deciding to trade on margin products you should consider your investment objectives, risk tolerance and your personal experience with these products. Trading on margin may not be suitable for all investors and you should ensure that you understand the risks associated with the products before participating. The information contained on this website, including attachments, is not to be construed as advice in terms of the Financial Advisory and Intermediary Services Act 37 of 2002 unless specifically referred to as “Advice.”
The Bank of England
The Bank of England is the central bank of the United Kingdom. It was established in 1694 and was privately owned in the beginning, the Bank was nationalized in 1946 so now is completely owned by the UK government. BOE’s main reason to be is to maintain monetary and financial stability in the country. Some of its other tasks are producing secure bank notes, operating asset purchase facility and keeping the inflation low and stable.BOE Official Website, on Twitter and Facebook
The European Central Bank (ECB)
The European Central Bank (ECB) is the central bank empowered to manage monetary policy for the Eurozone and maintain price stability so that the euro’s purchasing power is not eroded by inflation. The ECB aims to ensure that the year-on-year increase in consumer prices is less than, but close to 2% over the medium term. Another of its tasks is the one of controlling the money supply. The European Central Bank’s work is organized via the following decision-making bodies: the Executive Board, the Governing Council, and the General Council. Mario Draghi, a member of the Executive Board, is also the President of this organism.
The Federal Reserve Bank (Fed)
The Federal Reserve System (Fed) which is the central banking system of the United States. Fed has two main targets: to keep unemployment rate to their lowest possible levels and inflation around 2%. The Federal Reserve System’s structure is composed of the presidentially appointed Board of Governors, partially presidentially appointed Federal Open Market Committee (FOMC). The FOMC organizes 8 meetings in a year and reviews economic and financial conditions. Also determines the appropriate stance of monetary policy and assesses the risks to its long-run goals of price stability and sustainable economic growth.