Are You Finally Ready To Start Making Money Easily?
Hold on to the Large Traders tail, and enjoy the ride!
This guide was created by Maxx Mereghetti, and is offered FREE to all Forex traders.
1.2. What the institutional investors think............................................................................22
1.3. What the managers think................................................................................................24
1.4. What the traders think ....................................................................................................25
1.5. What do people starting out in trading think................................................................26 1.6. What I think .....................................................................................................................26
2.2. Oscillators .........................................................................................................................30
2.3. Automatic systems............................................................................................................32
2.4. The Holy Grail..................................................................................................................33
2.5. Money moves the price ....................................................................................................33
2.6. Who has money, decides..................................................................................................34 2.7. Who has power, has money.............................................................................................35 2.8. 95% of the losses end up in the hands of 5% of the rich..............................................36
3.2. Maximum duration of losses in time ..............................................................................40
3.3. Number of consecutive losses..........................................................................................41 3.4. The trader’s goal is to “last” ...........................................................................................43
4.2. All traders have had some difficulties............................................................................47
4.3. How a successful trader does face difficulties ...............................................................49
4.4. The approach of “start with a loss”................................................................................50
4.5. Everybody makes mistakes with operations..................................................................52
4.6. Daily and monthly balance..............................................................................................54
4.7. Earnings, losses and emotions.........................................................................................56
4.8. Trader or gambler ...........................................................................................................60 4.9. My advice for those starting, and for those who have already started .......................61
5.2. The trading platforms: Metatrader................................................................................65
5.3. The Forex market.............................................................................................................66
5.4. Volatility in the Forex market in relation to the stock exchange.................................71
5.5. News on the Forex market...............................................................................................73
5.6. Leverage............................................................................................................................74
5.7. The PIP, the true star of the Forex.................................................................................76
5.8. Lot, mini-lot and micro-lot..............................................................................................78
5.9. Commission applied by the brokers: the spread...........................................................80
5.10. The broker “is the banker”.............................................................................................84
5.11. Reference currencies........................................................................................................85 5.12. Swap ..................................................................................................................................89
6.3. The bar or OHLC chart ..................................................................................................94
6.4. Bullish bar.........................................................................................................................97
6.5. Bearish bar .......................................................................................................................98
6.6. Japanese candlestick chart............................................................................................100
6.7. Bullish candlestick .........................................................................................................102
6.8. Bearish candlestick ........................................................................................................104
6.9. The market trend ...........................................................................................................106
6.10. The primary trend and its four phases ........................................................................108
6.11. The trend.........................................................................................................................111
6.12. Upward trend .................................................................................................................112
6.13. The downward trend .....................................................................................................115
6.14. Trend and reversals .......................................................................................................117
6.15. Trend: fundamental concepts .......................................................................................117
6.16. Upward trendlines..........................................................................................................118
6.17. Channels..........................................................................................................................119 6.18. Ascending channel .........................................................................................................119
6.19. Descending channel........................................................................................................119
6.20. Supports and resistances ...............................................................................................121
6.21. Dynamic supports and resistances ...............................................................................123
6.22. Static supports and resistances .....................................................................................123
6.23. The importance of a chart .............................................................................................127
6.24. Technical analysis and price .........................................................................................129
6.25. Technical analysis and chart analysis ..........................................................................132
6.26. Reversal patterns............................................................................................................132
6.27. Common aspects of pure reversal patterns .................................................................132
6.28. Heads and Shoulder.......................................................................................................134
6.29. Head and shoulders........................................................................................................135
6.30. Inverse Head and shoulders..........................................................................................140
6.31. Double top.......................................................................................................................145
6.32. Double bottom ................................................................................................................151
6.33. Rounding tops and bottoms ..........................................................................................156 6.34. Cup with handle .............................................................................................................157
6.35. Continuation patterns....................................................................................................159
6.36. Triangles .........................................................................................................................160
6.37. Symmetrical triangle......................................................................................................162
6.38. Ascending triangle .........................................................................................................166
6.39. Descending triangle........................................................................................................169
6.40. Flag & pennant...............................................................................................................172
6.41. Pennant ...........................................................................................................................173
6.42. Flag ..................................................................................................................................175
6.43. Wedge..............................................................................................................................178 6.44. Rectangle.........................................................................................................................183
7.2. The importance of minima and maxima......................................................................189
7.3. New maxima and minima..............................................................................................190
7.4. Price breakouts and breakdowns .................................................................................192 7.5. Time frame and scalping ...............................................................................................196
7.6. Method, perseverance and discipline ...........................................................................196
7.7. Market sessions ..............................................................................................................197 7.8. The session breakout technique ....................................................................................199
8.2. Candlesticks. What they are and how you draw them. ..............................................204
8.3. Long black line / Long white line..................................................................................206
8.4. Short black line / Short white line ................................................................................207
8.5. Long black / white marubozu line ................................................................................208
8.6. Long black / white opening bozu line ...........................................................................209
8.7. Long black / white closing bozu line.............................................................................209
8.8. Spinning Top ..................................................................................................................210
8.9. Lower Shadows ..............................................................................................................211
8.10. Upper Shadows...............................................................................................................212
8.11. Doji lines .........................................................................................................................213 8.12. Reversal Pattern.............................................................................................................214
8.13. Hammer and Hanging Man ..........................................................................................215
8.14. Doji Line .........................................................................................................................217
8.15. Engulfing pattern ...........................................................................................................220
8.16. Dark Cloud Cover..........................................................................................................222
8.17. Piercing Pattern..............................................................................................................223
8.18. Star ..................................................................................................................................224
8.19. Abandoned Baby............................................................................................................226
8.20. The Tri Star ....................................................................................................................227
8.21. Shooting Star and Inverted Hammer...........................................................................228 8.22. Price and money.............................................................................................................229
10.3. Gaps and correlations....................................................................................................248 10.4. Scalping and correlations ..............................................................................................254