If you want to learn and enter the world of cryptocurrencies and Forex trading and know how it works; a basic course is the best option; especially if you have zero knowledge on the subject. That is why we will indicate some basic knowledge that you should learn about Forex trading.
E a basic Forex course should offer you the necessary tools to operate in the currency markets. Also the use of technical analysis tools, live trading tools such as Metatrader 4 and how to open an account at a Broker. But do you know what all these terms mean?
Forex In a basic course you will be taught the main terminology to be able to operate correctly in the foreign exchange market and move like a professional. You can also learn some strategies and operating systems to simulate operations, in demo mode; This until you acquire enough knowledge to function naturally in the foreign exchange market.
What do I need to learn to trading Forex?
A beginner’s course should teach you the following basic tools and terminologies:
- How to connect Broker with Metatrader 4
- What is a wave
- How Metatrader 4 works
- What are Japanese candles?
- How to open and close trades
- Fibonacci extensions and retracements
- What are the indicators?
- Sequences of maximums and minimums
- Fibonacci and trend lines
- What is a divergence and how to operate them
- Forex strategy with divergences and Fibonacci #1
- Supply and demand zones
- How to use strategy with RSI indicator
- Forex strategy with divergences and Fibonacci #2
- Elliott Waves
- Management of risk / benefit ratios
These and other topics are what you need to be able to initially handle the Forex market and its currency pairs without any problem. It should be noted that these are basic topics that you must learn just to start in this world of the currency market. To be a professional you must continue to feed yourself with information always; since this is a changing market.
