Our Present To You! Free Forex Trading Manual 101
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Transcript of Our Present To You! Free Forex Trading Manual 101
All The Right Reserved To The Owner Of The Work: Ideal Market Trading Any Reproduction is Prohibited Disclaimer: Trading shares/foreign currencies can be a challenging and potentially profitable opportunity for investors. However, before deciding to participate in shares/Forex
market, you should carefully consider your investment objectives and seek professional guidance before trading.
Online Trading
Training Manual
Important Notice: On each screenshot there is information to guide you on how you can
browse around the platform.
Remember that your demo account is more like your playground you are welcome to make
mistakes as that how you will progress, we are open to mistakes as long as they occur on the
demo account which is why we stress on teaching our clients to navigate around the demo
before trading on the live account using real money.
Our Current Proffered Broker is CM Trading
Click here to open a Live Trading Account CM Trading
1. How to login and access your account information
My Account Screen
2. Access Webtrader
Trading Platform
3. Technical Analysis
How to find support and resistance
4. Placing a Trade
How to place a trade on the trading platform
5. Take Profit Order
How to place a take profit orde
All The Right Reserved To The Owner Of The Work: Ideal Market Trading Any Reproduction is Prohibited Disclaimer: Trading shares/foreign currencies can be a challenging and potentially profitable opportunity for investors. However, before deciding to participate in shares/Forex
market, you should carefully consider your investment objectives and seek professional guidance before trading.
Let Get Started
1) Click on the Following Link: www.cmtrading.com
Next Page you will be directed to the CM Trading website (Our Preferred Brokerage Firm)
1.2) Login to your account information as per the below screen!
All The Right Reserved To The Owner Of The Work: Ideal Market Trading Any Reproduction is Prohibited Disclaimer: Trading shares/foreign currencies can be a challenging and potentially profitable opportunity for investors. However, before deciding to participate in shares/Forex
market, you should carefully consider your investment objectives and seek professional guidance before trading.
1.3) My Account Screen: Select the account you wish to access, the 5163901 is (live Account)
and the 30300254 number is your (Demo Account)
1.4) Click on Access Webtrader in order to be directed to the Webtrader (Trading
All The Right Reserved To The Owner Of The Work: Ideal Market Trading Any Reproduction is Prohibited Disclaimer: Trading shares/foreign currencies can be a challenging and potentially profitable opportunity for investors. However, before deciding to participate in shares/Forex
market, you should carefully consider your investment objectives and seek professional guidance before trading.
2) Access Webtrader, after selecting Webtrader from the previous screen, you will be directed to the trading platform or the below screen may appear. Please take note that you may be either directed to your trading platform account or the system may ask you to enter your user name and password again as per the below screen ; this happens depending on your networks quick response.
The Trading Platform. This is how the trading platform looks likes. You will either be
directed to the next screen or the previous.
2)
All The Right Reserved To The Owner Of The Work: Ideal Market Trading Any Reproduction is Prohibited Disclaimer: Trading shares/foreign currencies can be a challenging and potentially profitable opportunity for investors. However, before deciding to participate in shares/Forex
market, you should carefully consider your investment objectives and seek professional guidance before trading.
Section 2
In the following section we will be showing you easy steps on how to navigate around the
trading platform. Remember that the trading platform is web based you can login and trade
from any computer there is no special software needed. For the security of your account you
just need to make sure that you log out when you are finished.
What to do before placing a trade.
After maximizing the previous screen this is how the next screen will show, please take note of
the information in highlighted boxes. In currency trading we make profit both on falling (we
sell) and rising (we buy) market.
All The Right Reserved To The Owner Of The Work: Ideal Market Trading Any Reproduction is Prohibited Disclaimer: Trading shares/foreign currencies can be a challenging and potentially profitable opportunity for investors. However, before deciding to participate in shares/Forex
market, you should carefully consider your investment objectives and seek professional guidance before trading.
Now that you are ready to place a trade, on the next section we are going to be explaining to you
what you should do at all times before placing the trade. Our trading is not based on assumptions
but on technical analysis by using an external feature based on real-time trading chart. Which
looks like the screen below.
After taking into consideration all the information as per the previous screen this is how your next
screen should look like. The currency trade is GBPJPY and the starting unit based on our strategy
should be at 0.03 before putting a trade.
All The Right Reserved To The Owner Of The Work: Ideal Market Trading Any Reproduction is Prohibited Disclaimer: Trading shares/foreign currencies can be a challenging and potentially profitable opportunity for investors. However, before deciding to participate in shares/Forex
market, you should carefully consider your investment objectives and seek professional guidance before trading.
3) Technical Analysis:
Here we are going to give you a brief as to what you should consider before placing a trade. Based on our years of
experience we use something called a REALTIME Chart, believe us! you will understand this as time goes on. The
REALTIME Chart will give you an insight as to how the market is preforming during each given time and it also
allows you to go back in history to give you an overview on any currency you might be interested on trading. Our
trading strategy is based on the price movement on the REALTIME Chart. The reason we start on the demo account
is to make sure that you are able to master these easy to follow strategies so that you do not make any possible
mistakes on the Live Account
Why are we using REALTIME Chart?
To avoid any misinterpretation that might occur from any system delays on the trading platform as each
second counts.
To be on the right loop of the market and make sound trading decisions before placing a trade.
How to access the REALTIME Chart?
Type free forex chart from Google as per the below screen.
After you have selected Free Forex Chart you should see the screen below.
All The Right Reserved To The Owner Of The Work: Ideal Market Trading Any Reproduction is Prohibited Disclaimer: Trading shares/foreign currencies can be a challenging and potentially profitable opportunity for investors. However, before deciding to participate in shares/Forex
market, you should carefully consider your investment objectives and seek professional guidance before trading.
Now you should be on the screen below, which will give you a list of different currencies that you can choose from.
We are going to start with the GBPJPY (Great Britain vs Japanese Yen). On this screen you will select view chart
where the arrow is pointing and you will be directed to the trading chart screen
The screen below shows you the REALTIME Chart.
The REALTIME Chart will show as below on a single window screen! Always make sure that it is maxim-
ized (fit the whole screen) as this is the major tool that assist us on making sound decisions when trad-
All The Right Reserved To The Owner Of The Work: Ideal Market Trading Any Reproduction is Prohibited Disclaimer: Trading shares/foreign currencies can be a challenging and potentially profitable opportunity for investors. However, before deciding to participate in shares/Forex
market, you should carefully consider your investment objectives and seek professional guidance before trading.
Let get to business!
Remember the two main tools we are using that are now open?
Our Trading Platform and
Our REALTIME Chart which enables us to do the technical analysis before we place each
trade!
Remember the following before you place a trade
You should be able to see the support and the resistance levels as illustrated on the chart
below.
Never buy around the highest high and never sell around the lowest low! (as illustrated on
the chart)
Your trades should be based within where the market is ranging (Price Movement)
Our Strategy:
Remember nobody knows the exact buy or sell level, our strategy relies on the market price
movement:
Never sell at around the lowest lows and never buy around the highest highs and our take profit
level should be within the market range/price movements.
We can only place a trade once all the above REALTIME Chart factors are taken into considera-
tion.
All The Right Reserved To The Owner Of The Work: Ideal Market Trading Any Reproduction is Prohibited Disclaimer: Trading shares/foreign currencies can be a challenging and potentially profitable opportunity for investors. However, before deciding to participate in shares/Forex
market, you should carefully consider your investment objectives and seek professional guidance before trading.
4) Placing a Trade
You have your trading platform opened and you also have the Realtime Chart to do the technical analysis.
Follow the bellow step by step on placing your trade.
After you have placed a trade the bellow screen will appear!
All The Right Reserved To The Owner Of The Work: Ideal Market Trading Any Reproduction is Prohibited Disclaimer: Trading shares/foreign currencies can be a challenging and potentially profitable opportunity for investors. However, before deciding to participate in shares/Forex
market, you should carefully consider your investment objectives and seek professional guidance before trading.
5. Take Profit Order?
This means that you wont have to sit looking at the market and manually closing the trade your-
self, by placing a take profit order it means that the system would close automatically at your de-
sired price level as explained as per bellow screen.
The screen bellow will explain on how to update the take profit feature on our platform!
All The Right Reserved To The Owner Of The Work: Ideal Market Trading Any Reproduction is Prohibited Disclaimer: Trading shares/foreign currencies can be a challenging and potentially profitable opportunity for investors. However, before deciding to participate in shares/Forex
market, you should carefully consider your investment objectives and seek professional guidance before trading.
The bellow confirmation screen appears, after you have updated on the previous screen.
Now you have an open trade and a take profit in place as per bellow screen!