Forex & Crypto Trading Your Complete Guide to Get Started Like a Pro

By UBER AUTHOR

Learn everything you need to know to start trading on the Forex Market now!

In this Book I will go through the most important concepts in Forex trading, showing how to apply them. I strongly believe that the statement "knowledge is power" is not true, I believe that "applied knowledge is power", so you will also be provided wit

• Language: English
• Publisher: UBER AUTHOR
• Release date: Dec 2, 2023
• ISBN: 9798868953101

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Copyright

Copyright 2023 by Uber Author

All rights reserved.

Published in the United States by Currency, an imprint of Uber Author

IngramSpark

PO Box 14 Ingram Blvd,

La Vergne, TN 37086 USA.

All rights reserved. No part of this book may be used or reproduced in any manner whatsoever without written permission except in the case of brief quotations embodied in critical articles and reviews.

Forex & Crypto Trading Your Complete Guide to Get Started Like a Pro

Book design by Uber Author, adapted for ebook

Cover design: Uber Author

Table Of Contents

Copyright

Table Of Contents

About

Combining Indicators And Price Action

What Is Money Management

How To Create A Forex Trading Strategy

Trading Strategy

Trading Strategy 2

Introduction To EA

What Is Hedging

Basic Hedging Trading Strategy

Hedging With Options

Controlling Your Emotions

Final Words

Practical Trading Strategies in Futures & Options

Introduction

How I Started Trading Futures

4 Reasons to Trade Futures VS Stocks/Crypto

The Right Way to Approach Futures

The Right Way to Trade Systematically

Risk Management Above Everything

Case Study : How I Made 900 USD in 15 Minutes

Case Study: How to Trade With The Path Of Least Resistance

Case Study: How I Tripled Minimal Futures Trading Account

Wrap Up

Introduction to Ripple

What is CryptoCurrency?

RipplePay.Com

Open Coin

Ripple & Traditional Banking

Ripple Complete Functions

How Ripple System Works

Market Makers On Ripple

XRP

Why Invest in Ripple? Part 1

Why Invest in Ripple? Part 2

Bitcoin Vs Ripple

What are Major Icons saying about Ripple

Privacy

How to Buy Ripple on Bitstamp

How to Buy Ripple on Kraken

Ripple Trading October 2019 Update

Major Cryptocurrencies Exchanges

What Is Etherdelta And How To Use It

How To Trade Crypto Using Fiat Money

Trading Strategie 1

Trading Strategie 2

Trading Strategie 3

Difference Between Trading And Investing

How To Spot A Great Cryptocurrency Project

Thank You And What You Can Do Now

About

Learn everything you need to know to start trading on the Forex Market now!

In this Book I will go through the most important concepts in Forex trading, showing how to apply them. I strongly believe that the statement knowledge is power is not true, I believe that applied knowledge is power, so you will also be provided with examples to understand how to apply what you learn.

You will learn how to take advantage of currency fluctuations to make profits.

We will start from the very beginning, so, first of all, you will have an idea of how the Forex market works. I will talk in detail about leverage, margin, lot, PIP, spread and much more.

I will also explain how to easily separate top Forex brokers from unreliable ones.

You will learn how to read a market chart and how to use the most common and effective tools of technical analysis. Furthermore, I will teach you the foundations of fundamental analysis and how to read the Economic Calendar, so you will understand the reasons behind price movements.

You will also be provided with links and tools so you can monitor important news and be ready for them.

This is a real business, it can take months or years to produce the income you're looking for.

Pretending to sign up today and become rich next week is like pretending to build a new coffee shop today and become the new Starbucks in a week's time.

I hope that you are ready to take the first step to change your life!

Combining Indicators And Price Action

Hello guys and welcome back to another class of our Book about the complete introduction to For extreme in English class. We are going to talk about combining indicators and price action to be able to create a certain strategy. So I will do this very simple for the purpose of this class.

We are going to work with three indicators which will be the first one. Simply clicking on the answer will be the M A so simply go on custom and look for Magda. Here we go. The second indicator will be the RSI. So the same thing. Simply choose RSI. And finally we will use the bullying to Ben's. My goal here is simply to present to you one way that you guys can trade by using indicators and also price action all right. So let's say we are using those indicators.

Our goal here is to find out and create a basic basic strategy. And our goal here will be to create something that will use those three indicators together. All right. So let's say for example we are using only the MVC so technically when the ECB the point is pivoting we will enter the trade and open up a sell trade here. But if we don't have confirmation of our ASPI and the bullish bends we will simply not get in the trade if we have two confirmations. So let's say we have two confirmations on treat.

Well we can think about it. Thank you. Taking the treat. Right. So let's say for example we are at this point right here. So right here what do we see? We see that the Bollinger bands are at the top. We see that the RSI is at the top also. So we can say that this place is our ball right here. And we also have our point. Well our Kendall is that that touches the highest well that touches the higher end of our bowling group. So this means that we have a confirmation of two indicators we can wait till we have a confirmation of those three indicators. But at this point we have confirmation of two indicators and we can take the threat.

All right. So the next thing that we want to do is simply put our sport and our resistance. In this case our highest point is the point right here our lowest point is the point right here. And what do we see that we can do right now with all this information we can set up our stop loss and our take profit. So in this case we can put our stop loss a bit higher than our point right here. For example we are somewhere there we can put our stop loss somewhere here around there. And we take profits somewhere in between. So let's say we put our profit at the middle. So what does this mean?

This means we have a risk reward that is very interesting. So in this case we have a risk of 15 pips and a reward of around one hundred seventy eight pips. So it's a risk reward of one for 10 something around that. So as you can see it's an interesting trade and we can take it in the case of if it doesn't. If it didn't work well no worries we had a risk word that is very high. And this means that at the end we are still going to be profitable we can try to do this at another please So let's say for example we are trying to find a place where we have a confirmation of those three indicators which can be very very hard since they don't always they're not always confirming the three of them.

Let's say Here for example. So what do we see here once again. We have a confirmation of two indicators. Our eyesight is very high. And also we have our bollinger bands that are at the top. So you can see here our RSA crossed at this point here and our Well it touches our been somewhere there. All right. So we can open up our trade somewhere around this point. So once again we are at this point right here technically if we see all those Kindles our support will be somewhere here. But let's say that we are somewhere right there.

So our point is right here we're just coming back to it. So we are here technically. Technically we can see this point. So right now we don't see the point. We can't see this point simply going back to our point. All right. So let's say we are there so we have our sport. Our sport theoretically will be at the highest point and we are at the highest point. So our sport will be somewhere around this bar here. Our resistance will be our lowest point. So in this case our lowest point of past charts will be somewhere there and once again we can have we can open up our trade somewhere here.

We can place our loss somewhere around there. So once again we'll have a good risk reward. And our main goal will be to close the trade in the middle. And so at the moving average close to treat as you can see once again we have a profit of one hundred and sixty six pips. And our risk for this trade was something around 52 pips. So what's once again it's a risk reward of around 1 for 2 which can be very very interesting. In this case we had a loss because as you can see well the trade went down and what happened after that. Well it didn't come back up. So we came back up and well it didn't work. So we hit our stop loss. So we can see this is one strategy that we can use. There are plenty of others.

Once again it's just a way to show you guys that you can put together price action and indicators to be able to create a strategy. Let's find another place. For example, let's say somewhere right here which is a nice place. Once again the RSI is at the top. Once again we only need a confirmation of only two indicators. So as you can see that our eyesight is at his stop and we have our blender then we have our band that has touched our up and our band that is touched. So here. Technically we would enter the trade somewhere around this point or this point and our goal will be to place our stop loss somewhere higher than this point so our stop loss would be somewhere here.

And once again our take profit would be somewhere around the I would go around the moving average. So here it touches the moving average. In this case we would make a profit. So our profit would be here. Our stop loss would be here and we had a risk reward of forty four two hundred fifty so a record of approximately 1 4 5. So one bit of risk versus and we get five pips of reward. Once again we didn't really use the Magdi because we only use the blinker bends and are a sight to find out. Our entries but once again it's a good strategy you can wait for a moment where the tree of those indicators are together well and are working together they are confirming the movement of the chart.

Once again sometimes it's gonna take you a lot of time so you can just work with two indicators on three but it's possible to add more indicators once again having too many indicators. It's like having not enough of them. So your goal when you are creating a strategy it's having something that is simple and that can be used. So here we have a place where almost all our indicators are respected. So somewhere around a year maybe not Yeah well. So as I said it's really really complicated having all the indicators that are respected.

So to have a confirmation with the Magda confirmation with the RSI and the confirmation with the boolean ribbons and the more indicators that you have the more it's gonna be hard to. Well to have a place where all indicators are respected where all indicators will tell you to go in this direction for example once again. So if you want to try it out and try out the strategy very simple you simply open up the Magda you open up the RSI and you open up your bowling your bins you'll see you will use mostly the bowling ribbons and the RSI to confirm your traits the majority of times this is when the trade will come into will work when you use the RSI and the blinker bends if you can use the Magda if if you're not able to find trades that have Magda as a confirmation if for example let's take this this trade right here as an example.

So for example you open up your trade here because the bends are touched and also your eyesight is well is very high you want to look at the magazine and the moment that the magazine changes for example it goes from a very high Magda to a bit lower on the histogram Well it's your signal so for example instead of entering here you can enter let's say somewhere around here because here is the point where the magazine goes a little bit down and this is the moment for you guys to take the opportunity and simply sell your position so once again you'll work the exact same way.

So let's say here will be our stop loss here is our point of entry and so here will be our entry and somewhere around here will be our take profit since our goal is to close the transaction when the trade reaches the middle pencil the moving average so we have a risk reward of around 1 4 2 so 1 4 2 1 4 1 and a half. So as you can see, yes this strategy well this is an example of strategy doesn't always work but the main goal is for you guys to have something that is