Global Currencies

Chapter 1

Forex Basics

Chapter 2

Fundamental Factors

Chapter 3

Technical Tools

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Lesson 1. Introduction to the Foreign Exchange

This lesson will take you through the working of the largest market in the world. We will explore the Foreign Exchange market's operation and background.

1.1	What is Forex? Purpose Background
1.2	Operation The 8 Major Currencies A 24 Hour market Business Hours of the World’s Financial Centers

1.3

Aspects of Trading
Fundamental Analysis
Technical Analysis

Lesson 2. How Trading Works and Terminology

This lesson explains the main concepts behind Forex trading. It breaks down how trading in the Forex market works starting with how to read a Forex chart. Next, some terminology is dissected in easy to understand language. Finally we introduce two of the basic risk management tools, limit and stop orders.

2.1	How Forex Trading Works Going Long or Short How to Read a Forex Chart More Trading Terminology - Spread
2.2	Explanation of Margin and Leveraged Trading Contract Sizes and Pip values Leverage Margin Call Tying Everything Together in an Example

2.3

Risk Management
Limit and Stop Orders
Example – Euro vs. US Dollar

Lesson 3. A Sample Trade

This lesson will take a novice that has never used an online trading platform through opening two positions and then following how they change in value.

3.1Setting Up An Example
Reading Candlesticks
Initial Analysis

3.2Opening two Positions

3.3Initial Changes, 4 Hours Later

3.4The Next Day, 24 Hours Later

3.5	Candles Can Paint A Story of Wild Activity - 26 Hours Later
3.6	Retraction from a Big Move - 30 Hours Later
3.7	Two Days Later - 48 Hours Later Conclusion - a Tale of Two Positions

Risk Warning

Before deciding to participate in the Forex market, you should carefully consider your investment objectives, level of experience and risk appetite. Most importantly, do not invest money you cannot afford to lose.

There is considerable exposure to risk in any off-exchange foreign exchange transaction, including, but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or currency pair.

More over, the leveraged nature of forex trading means that any market movement will have an equally proportional effect on your deposited funds. This may work against you as well as for you. The possibility exists that you could sustain a total loss of initial margin funds and be required to deposit additional funds to maintain your position. If you fail to meet any margin requirement, your position may be liquidated and you will be responsible for any resulting losses. To manage exposure, employ risk-reducing strategies such as 'stop-loss' or 'limit' orders.

Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

Forex.com/UK acts as the clearing agent and counterparty to customers introduced by "Global Currencies" for an IB margined forex transactions. FOREX.com is a trading name of GAIN Capital - FOREX.com UK Limited and is authorised and regulated by the Financial Services Authority. FSA No. 190864.