Trading 101: Fundamentals, Indicators, Signals and How to Create Strategy
In this beginner’s guide you will learn economic principles, factors impacting price, what is broker and exchange, how to calculate pip value, what is LOT, types of orders, fees and spread, you will learn about technical analysis and indicators, market types, why indicators work, leading vs lagging indicators, signals and interpretations, how to spot a trend and its strength, how to identify price levels and their strength, price action and movement including patterns, what is fibonacci retracement and extension, how to find a momentum, what is stop hunt, fakeout and traps, you will learn about trading psychology, how to create trading strategy (or/and plan), when to enter, exit and take profits, set stop loss, what is Risk-Reward-Ratio, examples and tips.