trading in forex

Forex trading, also known as foreign exchange trading, involves the buying and selling of currencies in order to profit from changes in exchange rates. It is a highly liquid market, with an average daily trading volume of over $5 trillion, and is accessible to traders all over the world. Trading in forex requires a solid understanding of the market and various tools for analysis and trading. Traders can use fundamental analysis, which involves analyzing economic and political events that can affect currency values, or technical analysis, which involves studying price charts and using indicators to identify trends and potential trading opportunities. One of the most important aspects of trading in forex is risk management. Traders should always use stop-loss orders to limit potential losses, and should not risk more than they can afford to lose. It is also important to have a trading plan and to stick to it, rather than making impulsive trades based on emotions. Traders can use various trading strategies in forex, such as swing trading, day trading, and scalping. Swing traders hold positions for several days or weeks, while day traders hold positions for a few hours or less. Scalping involves making multiple trades in a short period of time, with the aim of making small profits on each trade.

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information about forex

Forex, or foreign exchange, is a decentralized global market where currencies are traded. It is the largest financial market in the world, with an average daily trading volume of over $5 trillion. Forex trading involves buying and selling currencies in pairs, such as USD/EUR or GBP/JPY, with the aim of making a profit from changes in exchange rates. The forex market operates 24 hours a day, five days a week, and is accessible to traders all over the world. It is a highly liquid market, which means that traders can easily enter and exit trades, and there is always a buyer and seller for every currency pair. This makes forex trading an attractive option for those looking for a flexible and dynamic trading environment. Forex trading can be done through a broker or a trading platform, which provides traders with access to the market and various tools for analysis and trading. The most popular trading platform is MetaTrader 4 (MT4), which is widely used by brokers and traders around the world. One of the advantages of forex trading is the ability to use leverage, which allows traders to control a larger position with a smaller amount of capital. For example, if a trader has a $1,000 account and uses a leverage of 1:100, they can control a position worth $100,000. This can increase potential profits, but also carries a higher risk of losses. Another advantage of forex trading is the ability to trade in both rising and falling markets. Unlike stocks, which can only be bought or sold, currencies can be traded in both directions, allowing traders to profit from both upward and downward movements in exchange rates. However, forex trading also carries risks, and traders should be aware of the potential for losses. The volatility of the forex market can lead to rapid price movements, which can result in significant losses if trades are not properly managed. It is important for traders to have a solid understanding of risk management and to use stop-loss orders to limit potential losses. In conclusion, forex trading is a dynamic and exciting market that offers traders the potential for profit in both rising and falling markets. It is important for traders to have a solid understanding of the market and to use risk management strategies to minimize potential losses. With the right approach, forex trading can be a rewarding and profitable experience.

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participating in forex market trades

The forex request is each about trading between countries, the currencies of those countries and the timing of investing in certain currencies. The FX request is trading between counties, generally completed with a broker or a fiscal company. numerous people are involved in forex trading, which is analogous to stock request trading, but FX trading is completed on a much larger overall scale. important of the trading does take place between banks, governments, brokers and a small quantum of trades will take place in retail settings where the average person involved in trading is known as a onlooker. fiscal request and fiscal conditions are making the forex request trading go over and down daily. Millions are traded on a diurnal base between numerous of the largest countries and this is going to include some quantum of trading in lower countries as well. From the studies over the times, utmost trades in the forex request are done between banks and this is called interbank. Banks make up about 50 percent of the trading in the forex request. So, if banks are extensively using this system to make plutocrat for stockholders and for their own bettering of business, you know the plutocrat must be there for the lower investor, the fund mangers to use to increase the quantum of interest paid to accounts. Banks trade plutocrat daily to increase the quantum of plutocrat they hold. Overnight a bank will invest millions in forex requests, and also the coming day make that plutocrat available to the public in their savings, checking accounts andetc. marketable companies are also trading more frequently in the forex requests. The marketable companies similar as Deutsche bank, UBS, Citigroup, and others similar as HSBC, Braclays, Merrill Lynch, JP Morgan Chase, and still others similar as Goldman Sachs, ABN Amro, Morgan Stanley, and so on are laboriously trading in the forex requests to increase wealth of stock holders. numerous lower companies may not be involved in the forex requests as considerably as some large companies are but the options are stil there. Central banks are the banks that hold transnational places in the foreign requests. The force of plutocrat, the vacuity of plutocrat, and the interest rates are controlled by central banks. Central banks play a large part in the forex trading, and are located in Tokyo, New York and in London. These aren't the only central locales for forex trading but these are among the veritably largest involved in this request strategy. occasionally banks, marketable investors and the central banks will have large losses, and this in turn is passed on to investors. Other times, the investors and banks will have huge earnings.

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10 Websites To Make Money Online For FREE In 2020 💰 (No Credit Card Required!)

- Hey everybody.

So, to kick off the new year,

I thought that recently I've been doing

quite a few serious heavy video topics lately.

So I thought, today, I'm gonna do something that is fun,

motivational, while being educational at the same time.

I decided to set myself a challenge

for something that I know a lot of you have wanted me to do.

Could I find 10 websites online

where you can make money for free?

That's right.

I want to find 10 entirely free websites

where you can make money

without having to spend any money to make it.

No hidden subscription services,

no hidden fees, nothing like that.

Perhaps this might become a series if you guys like it.

But you know what, the challenge doesn't end there.

I decided to up the ante.

Could I find 10 websites where people

are making money online for free

without needing a credit card?

And you know what, I think I've delivered.

Now disclaimer, these 10 website,

they are not going to make you a millionaire overnight.

But as you'll see, through taking action,

people have built up money streams on these websites,

including passive income,

that now earns them a full-time income

which I think is pretty cool.

So I'm hoping that this video is going to motivate you

and smash some of those mental roadblocks

that you may have been having,

where you think things like,

oh, you need money to make money,

or you need to live in America,

or you need a credit card.

Because you know what, those myths, the are not true.

What you actually need is to take action.

So, let's kick things off with a bang,

because this first website, it can be used world wide.

Yep, this website is making people money worldwide.

But to do so, you're going to need to know the secret hack

which I will show you.

Now, when you see this first website,

I don't want you to click away,

because I bet some of you are gonna go,

"Sarah, look, I'm not talented enough

"to make money using that website."

But you know, I bet that doesn't true.

So, website number one, redbubble.com.

So what is Redbubble and how does it make money?

Well, it is a website that allows you to make money

by creating and selling custom products online.

So it lets you create things like T-shirts,

phone cases, that sort of thing.

But how do you make them?

Well, it's simple.

Once you create an account, which is absolutely free,

and you only need to enter your name and email address.

You can start uploading artwork and designs to products

literally in less than a minute.

No credit card required.

You can choose which products you want to list and sell

with your art work online,

and you can customize your products,

choose what color they would come in, what style,

and then your own custom product description and title.

Then when a customer purchases one of them,

such as this T-shirt, Redbubble's production warehouse

will print your design onto a T-shirt,

package that T-shirt up,

and then ship it out to the customer

automatically, without you having to do anything.

In this industry, we have a name for the service.

It's called print-on-demand.

And as you can see, once you've created

and uploaded your designs onto the products,

it's an extremely passive source of income.

With Redbubble, they pay you a commission

on each product sold

with the standard commission rate being 20%.

Because they pay you out as a commission,

you never have to pay any fees,

and so selling is free.

Now I can imagine for some of you out there,

there are two big objects

that you might be having right now.

Object one.

Okay, Sarah, but is it actually free?

Sure, I can create a T-shirt to sell,

but what about traffic?

Don't I have to pay to advertise my T-shirt?

The answer is nope.

You know how people come to eBay

and they search for products that they want to buy here.

eBay has invested lots of money into advertising

to say the least.

And so now it's so well-known

that it's what you would call a destination website.

People come here and buy products each day,

and so most eBay sellers make their money

just by people searching their products.

Well, Redbubble is the same.

It's a destination website.

People come here looking for products that they want to buy.

And so most Redbubble sellers make money

through free traffic that they get to their listing

via the search bar.

Now onto objection number two.

Okay, Sarah, that's great, you know,

but what if I'm not a graphic artist, you know?

Look, that's a coll picture on that phone case there,

but I can't draw that.

And you know what, neither could I.

I couldn't draw these sweaters

and I couldn't draw that cool T-shirt,

but here's the thing.

To make money on Redbubble,

you don't need to be an artist,

and I'll prove it to you right now.

So we're gonna head on over to one of Redbubble's

most popular products, T-shirts,

and we're gonna look for funny T-shirts

by typing funny into the search bar.

And I think a lot of people are going to be very surprised,

because check this out.

These are some of the top-selling designs

right now on Redbubble for funny T-shirts,

and a bunch of them are incredible text-based designs.

Now, let me ask you a question.

Does this T-shirt here look difficult to make?

Because I'll tell you now, it's incredibly easy.

I have very little graphic design skills.

I normally have to hire people to make designs for me,

but even I was able to replicate this design

and make one that looks extremely similar

using the free app Canva

with open source commercial licensed fonts.

And it took me less than five minutes,

because it's literally just text.

Anyone could've made this T-shirt,

uploaded it and sold it,

and that's the secret.

If you have no graphic design skills

and you wanna make money,

focus on selling humorous T-shirts,

because often times simple text-based designs

add to the humor and make it funnier

that if it had had a more complicated design.

All right, so you sold your funny T-shirts.

That's awesome,

but how do I get paid, Sarah?

Well, Redbubble have two payment options.

First of all, they can pay out directly to PayPal

or they can payout directly to a bank.

Now, unfortunately, bank deposits

are only available in limited countries,

however, there is a workaround,

and that is Payoneer.

With Payoneer, you can set up your USA bank account

to receive money in all online for free.

Now most people don't think that you can set up

a Redbubble account to Payoneer

because Redbubble requires your bank's physical address

which Payoneer doesn't tell you in your account info,

but they will send it to you

if you contact an ask their support.

By doing this, people have connected

their Payoneer bank accounts to Redbubble,

and they have accepted payment into it.

Now I can imagine you're all thinking,

"Sarah, this all sounds good and all,

"but does this simple T-shirt actually

"well, you know, make money on Redbubble?"

The answer is it sure does.

You see how this T-shirt is sitting here

in the search results.

Well, Redbubble is similar to Etsy's search engine.

If I type in funny T-shirts into Etsy's search engine,

I'll get lots of results too.

In fact, there are thousands of funny T-shirts on Etsy,

literally.

So how do they choose which T-shirts

they're gonna list on the first page?

The number one way that the search engine decides that

is with sales.

If a T-shirt is selling,

it would sit higher in the search results.

We know then that all of these T-shirts on the first page

must've sold recently.

The same is with Redbubble,

we know that all of the T-shirts

that are here on the first page have sold recently.

So, yes, simple text-based designs, when funny,

can sell great.

"But Sarah," you say, "how can I get those initial sales

"so that my T-shirts will start ranking for

"bigger words like funny when I'm just getting started?"

Well, there is a secret hack which I am going to show you.

Rather than go for a broader humorous T-shirt,

if you're stuck for ideas,

create a niche-specific design

and look for niches and groups of people

that have been ignored.

So, for example, this T-shirt here

is pretty specific, right?

It's about engineers.

This is a good idea,

because engineers are passionate about their jobs

and they love wearing career-specific merch.

There's just one problem with this niche

if we do a search in Redbubble for funny engineer T-shirts,

you know what, we'll see that there are

lots of T-shirts already

that we would have to compete with the sales.

And so, that's what you should do.

Come and see if you can find groups of people

who don't already have any T-shirts made for them.

So, if we check out another passionate career,

science teachers, we'll see that, yep,

they have lots of T-shirts made for them

with jokes about being specifically a science teacher.

But what about another type of teacher?

What about a drama teacher.

If we come and do a search for that,

we'll find something interesting.

While there are T-shirts aimed at people

interested in drama and theater

and general teacher T-shirts.

There are very, very aimed specifically at drama teachers.

This niche is completely wide open

for someone to create a great funny T-shirt aimed at them

and to take all the sales and traffic

as a gift for drama teachers.

Because again, if you come to the search bar,

and this time typing gifts for drama teachers,

you'll see, again, we'll get gifts

aimed at theater lovers

and gifts aimed at teachers in general,

but very, very few aimed at drama teachers

as this group has just been completely ignored on Redbubble.

It's wide open for you or anyone to come in

and make great products for.

And by the way, if you have learned something new

and you would like to learn even more

about making money online,

then be sure to hit that Subscribe button

and click that little notification bell next to it,

so that you don't miss out on any of our videos.

All right, onto the next website,

and I think that a lot of people

are probably going to recognize it,

because it's featured on YouTube a lot,

but you probably never realized

that it could be making you money,

and that it's actually making some people

over $100,000 a year, largely in passive income.

Now, there are two ways to make money with this website.

The first is the slow way,

and that is the more obvious way

to make money with it.

However, after that,

I'm then gonna tell you about

the little known way to make much faster money with it,

and to make way, way more money

than you would with the first method.

And don't worry, when a lot of people see this website,

they're gonna go, "Look, Sarah, I'm not skilled enough.

"I'm not qualified enough.

"I can't do it."

However, if you keep listening, as you'll see,

you don't need to be special or have any skills at all.

So we are here on Skillshare.

This website sponsors a lot of YouTubers,

and no, they are not sponsoring this video.

Anyway, normally, people come here

and pay them $10 a month

to get access to all their video classes.

So, for example, if I wanted to learn how to make a latte,

I could just type that into the search box and boom,

I'd get given a bunch of free video classes I could watch,

such as this one.

And here's what most people don't know.

This class, it was just made by some random guy,

because anyone is allowed to make a Skillshare class

and start making money with it.

Me, you, anyone.

And on average, new teachers make between

$200 to $3,000 in their first month,

which is pretty cool,

but that's not the best part.

The best part is once you put your classes up,

all that money that you're earning, it is passive.

And remember, that is how much they earn

in their first month with their first course.

Imagine what happens when they then go and create

another one and then create another one.

It all adds up.

And once your class is live,

you don't have to do anything

that is how people have been able to make

over $100,000 a year with Skillshare.

So the way that you get paid on Skillshare

is for each minute somebody watches your videos,

you get paid.

So if I wanted to learn how to make French press coffee,

I'd watch this five-minute video

and then he'd be paid for each of those five minutes.

Now, you might have noticed that this says

that he's only had a thousand students.

Well, all that means is a thousand people

have watched a big chunk of his whole course,

but the vast, vast majority of people

will only watch the specific videos that they want.

So, for example, most people will come in here and say,

"You know what, I just want to know

"how to make cold brew coffee."

Because they only watched this one video,

they won't be noted as a student,

but he'll still get paid

for all of those views just the same.

And as you can see, this video is super simple.

It was probably filmed on a cellphone and bad lighting.

And based on the audio quality,

he probably just used a cell phone microphone.

And here is another video course.

It's literally just someone talking

while they recorded their screen.

There is no fancy editing required here.

And if you wanted to make even more money from your classes,

you could put them up on our third website, Udemy.

Udemy is another website

that also lets you sell your courses.

Unlike Skillshare, which is a subscription service,

here, people buy your courses individually.

Because of that, earnings on Udemy do tend to be higher.

Teachinguide.com estimates that about

40% of classes have made over $5,000.

I actually got a friend that makes about

$25,000 a year with one course which is neat.

However, you guys might be thinking,

"Well, Sarah, that's great and all,

"there's just two problems.

"One, I don't have any skills.

"I've got nothing to teach.

"How could I make a class and then sell it?

"And Sarah, I've got another problem with all of this.

"That's great, you know,

"but you know what, I want even more money than that."

Well, never fear, because I've got you covered.

So, here's what you do.

Check this out.

If we come in and type in Photoshop,

as we can see, lots of people want Photoshop tutorials.

And guess what, you could make these for free.

Most of these tutorial videos

are just a mixture of talking over slideshows

and talking over screen captures

of people doing the editing inside of Photoshop.

And even if you're like me

and you have a, quote unquote, funny accent

and people don't like the way that you pronounce words,

never fear because lots of these Photoshop tutorials

also feature people with foreign accents.

But anyway, regardless, let's come on over to YouTube

and type in Photoshop tutorials.

You will get a bunch of tutorial videos.

And you know what you can do,

you can take the popular topics and videos,

recreate them yourself,

and then go and list those videos on Skillshare and Udemy.

You don't need to be a Photoshop guru.

"But wait, Sarah," you say,

"don't I need to pay $10

"to buy a monthly Photoshop description?"

Nope, Photoshop has a free seven-day trial.

Download it and hustle hard for those seven days

and record lots and lots of tutorial videos.

"But wait, Sarah," you say,

"don't I need money to buy screen capture software

"to make these videos?"

Nope, check this out.

There is a free open source screen capture software,

and there is free video editing software

for you to use.

"But wait, Sarah," you say,

"don't I need to buy a mic to do the voice over?"

Well, not if you have a phone that record audio.

And it gets even better,

because Adobe has an affiliate program

that you can use to make even more money.

So if you don't know what an affiliate program is,

let me show you.

I'm here on my website, Wholesale Ted.

Now if we click on this link,

we'll get taken to my favorite e-commerce platform,

Shopify.

And if we come and check out the URL,

we'll see it has a tracking code attached.

This means that shopify tracks everyone that clicks on it.

And if they buy a subscription, I'll get a commission.

And check this out.

Each year, I make well over $100,000 a year

with Shopify commissions with my affiliate links.

So yes, I very much believe that this

is a superior way to make money on Skillshare.

It's allowed.

But you know what, not a lot of people

are doing it on Skillshare.

So, once you've made your Skillshare and Udemy courses,

sign up for the Adobe affiliate program

and get your tracking link,

then put your link in the description

of your Photoshop tutorials,

and tell people that they can click on it

to get a free trial for Photoshop.

And each time someone buy's Photoshop

or one of their Adobe products,

you will get 85% commission

on their first month subscription.

So if you wanna make even more money from these platforms,

create video lessons on products

that have affiliate programs

and free trials for you to take advantage of.

And here is a tip.

Skillshare actually has two different accounts

you can sign up for.

You can sign up for the $10 a month account,

which you can easily get a free two-month trial for,

but you don't need that to create a course.

To create a course on there and become teacher.

All you need is their free plan.

And of course, once you have gone ahead

and recreate tutorial videos that you found on YouTube,

what's stopping you from posting them onto YouTube itself.

So, this of course is my fourth website on the list.

So here is one of my tutorial videos.

This teaches people how to set up a Shopify store

using my favorite e-commerce app and platform, Shopify.

It's been up for 10, 11 months now,

and it's made me a fair chunk of change

in AdSense revenue, $9,000 for one video.

Not bad.

But the real money of course

comes from affiliate commissions.

I put my Shopify link in the video description,

people click on it and buy Shopify.

So while this video has made about $9,000 in USD

for ad revenue alone,

it's made tens of thousands of dollars

in addition to that in affiliate commissions.

And the thing is, is you're probably like,

"Well, Sarah, look, you are in a little box there,

"And I don't want to have to be

"on camera for my tutorials.

"You told me I didn't have to be on camera

"to make money from tutorial videos."

You know what, it is true.

Take a look at this tutorial teaching people

how to set up a store in Shopify.

It's even more popular than mine.

There is no one on camera at all.

It's just someone filming the screen

while they click buttons and talk over it.

So there is no camera required.

And so, if you aren't skilled

with filming and editing videos,

tutorials are a great way to get started

making money on YouTube.

Of course, if you do have actual video skills,

then you might wanna consider this next website,

Shutterstock.

Of course on here you can sell photos and videos

that you take a stock footage.

And do people buy this?

Absolutely.

I myself spend lots of money on stock videos.

In fact, I've used stock videos

and this video multiple times,

and some of the clips I've bought

have been incredibly basic.

For example, I bought this clip here

which anyone could've filmed

just by sticking a 4K-ready smartphone on a tripod.

That's it.

No fancy filming.

It's literally just a still shot

of people walking past the Forever 21 store

that was shutting down due to their bankruptcy.

I know people that make thousands of dollars passively

each month off their portfolios.

The way that they make it though isn't by selling photos.

It is by selling videos that are in 4k.

These have the highest royalty commissions.

So if Shutterstock sounds like something

that you like to make money from,

I highly recommend focusing on 4k video.

Now the next video is something

that my regular subscribers will probably recognize,

and I think that you guys are gonna be pretty interested

in some of the case studies that I'm going to show you.

And this is it, Merch by Amazon.

Say, a lot of people don't know this,

but Amazon has its own print-on-demand service too

that works just like Redbubble.

You need to submit an application

and I do recommend Googling

best practices for submitting an application.

But if you're accepted,

you get access to the print-on-demand service.

All you need to do is upload a piece of artwork or design,

and Amazon will create these products for you,

and you can create an Amazon product listing

that people can find

just by using their search engine.

You can set your own price,

add in your own title, description,

and fully edit your listing.

Now, some people use Merch by Amazon

as a source of side income.

Some people use it to earn a full-time income.

This T-shirt here,

it was made with Amazon's Merch by Amazon program.

And according to the Amazon sales research tool,

Jungle Scout, in the past month,

it sold roughly 640 shirts.

Now, based on the product price,

that's roughly $4.50 commission a shirt.

So it made this creator

roughly $2,800 in profit this month alone.

And for many people, that's a full-time income.

And check this out, the simple text-based T-shirt,

piggy backing off of the new meme

and phrase that came out of that incident,

this T-shirt has been regularly selling well

since it launched and, according to Jungle Scout,

has sold roughly 450 shirts this month alone.

And since this T-shirt is priced lower,

it has a smaller commission per shirt of $3.70.

So this T-shirt made about $1,600 in profit,

which is nice side income.

And this T-shirt is sold the most,

according to the Jungle Scout research app,

roughly 1,080 shirts.

And at this price, it made its creator roughly $3 a shirt,

which means over $3,200 in profit.

And as you can see, this T-shirt has been up since 2017,

making its creator money passively for free.

Just like with Redbubble, Amazon,

it is obviously a destination website.

So, they take care of the marketing for you,

and bring in the customers.

And just like with Redbubble, its commission-based

so if I were to sell this T-shirt for $17.99,

Amazon will remove their fees

to sell and produce this T-shirt

and pay out $3.72 as a commission.

So you don't need to pay

for the cost of producing a T-shirt to sell it.

Amazon takes it out of the product price.

And so how do you get your commissions?

Well, Amazon pays them out into a bank account,

and that includes a Payoneer account.

All right, so my next website.

It's a bit of cliche but, trust me, don't click away,

because I'm gonna tell you the secret

as to how you can actually make money on on it.

All right, so I'm here on Fiverr.

Now if you don't know what Fiverr is,

it's a place where freelancers

can offer their services

in the form of one-off gigs that people can buy.

It's free to create and list a gig selling their services.

So, if you're a freelancer,

this is a great site to make money.

And seriously, I spend so much money on here,

I have spent thousands buying people's gigs last year,

so I know a lot of money can be made on here,

because I pay people thousands of dollars each year.

Now usually, people hate Fiverr

as a suggestion to make money because

(scoffs) it's too competitive,

but that's because everyone is trying to make gigs

like everyone else is doing

such as offering a blog post writing service.

Lots of people have this.

And so to make sales, you need to have

lots of reviews to standout.

Or if they're artistic, they're trying to make gigs

around super popular services,

like designing T-shirts for print-on-demand stores.

Again, you need lots of reviews to standout.

But you know what, that's not how you make money

as a broke freelancer on Fiverr.

Nope, check this out.

Sneakers are a popular print-on-demand product,

because they can self for high prices.

So I wondered, are there any gigs

that advertise print-on-demand sneakers.

And, well, it turned out that there was only

one listing I could find on Fiverr, and that was it.

There might have been more than this,

but they have been very poorly optimized

for the search keywords.

And so, this listing, despite being quite new

is getting lots of orders.

This is a service that lots of people want and need,

and there is only one person offering it,

and there are lots of services out there just like this,

with lots of room for you to come in and take over.

The key here is to do the research

and don't just try to sell what every else is.

And if you are a freelancer writer based in the USA

and you just wanna make money writing

and don't want to have to hustle for clients,

be sure to check out this site, Textbroker.

The way this works is that you sign up for the website,

you take a writing sample test.

Based on that, you're assigned a level.

Most people I know who got As and Bs

in English class at school

get a four-star ranking immediately,

earning you 1.4 cents a word.

Once assigned, you can then log in

to the orders portal, choose an order,

and write the article for it.

Now, I don't know about you,

but I can easily write a 1,000 word article in an hour,

which would be $14 an hour with a four-star ranking.

But if you work on your writing craft

and hit that five-star ranking,

now you make $50 an hour.

But yes, unfortunately,

I'm fairly certain that it's only available for Americans.

However, the next website, it is available worldwide.

Anyone from anywhere can make money with it.

Check this out.

$28,600 US dollars in the past five months.

This was how much money was made from my next website,

Instagram.

There are a lot of opportunities

for people to earn money online with Instagram.

So this $28,600 was made

from free organic Instagram traffic

from one page with less than 50,000 followers

and a specific niche by a friend of mine.

And they built that page just by posting

great niche-specific content.

They didn't pay for any adds.

And so, the way they monetized it

was they created an ebook for free

using this free ebook creator app.

And then next, they created

a free two-week trial on ClickFunnels,

and they made a mini website that sold their ebook.

And you know, you can actually sell products

with ClickFunnels and pay nothing

over their two-week trial period,

which I found pretty insane

that they don't make you upgrade early

if you actually try to sell things.

And so, after that, they then announce their ebook

to the Instagram page.

And within their first week,

they had sold over $7,000.

And of course, over the pat five months,

they made over $28,600 in total.

And they were selling their book for less than $20.

But people, I am sorry, I have to admit something to you.

I lied to you today.

This method wasn't free,

because they also bought an $8.88

Namecheap.com domain name

and connected it to their funnel

instead of using ClickFunnels free sub domain.

Sarah, how could you?

You promised us only free methods,

and $8.88 is not free.

That's $8.88.

Look, I'm sorry, you're right.

So let me make it up to you

by showing you to completely free methods

that you can use to make money with Instagram.

Here is one way.

This Instagram meme page for cats.

When you click on the link on the bio,

it links you to their print-on-demand store

where they are selling their own T-shirts.

And remember what anyone can do.

Anyone can create their own free print-on-demand store

using Redbubble,

and start selling T-shirts

with free Instagram traffic right now,

and here's another way.

Do you see this Instagram page?

Somebody has built it for free

just by reposting cute photos and videos of dogs.

Well, if we check out their latest post,

we'll see that there's actually a video ad for a product

that creates a custom necklace of your dog.

And if we check out their bio,

we'll see a link to their product.

This was a paid advertisement

bought by this online store Wear Felicity.

And they likely purchased

this Instagram shout out ad

on a site similar to the next one on my list, Shoutcart.

This is a website that lets Instagram accounts

sell shout outs.

You buy it for a limited amount of hours usually,

and after that, it gets deleted.

This allows pages to advertise

without clogging up their feed with ads.

Shout outs are an easy low-effort way

to make money on Instagram.

But of course, you could take that money you earn from them

and reinvest that back into an $8.88 domain name

and make even more money.

So, did I deliver on my challenge?

Let me know on the comment section.

And if you have any other websites to add to this list,

be sure to put them in the comment section,

so that you could help clear that mental roadblock

that a lot of people have,

that makes them think that they need money to make money.

And of course, if you would like even more free training

on creating a print-on-demand store,

then be sure to download my free ebook,

"The 6 Steps That 6-Figure Online Stores Follow

"To Make Over $10,000 a Month."

And you'll find the link to download that ebook

   in the video description below.

source ; here

Read More

Professional Forex Trading Course Lesson

professional forex trading course I'm

Adam Koo and in this course you're gonna

be learning the exact skills and

strategies of how to trade forex

consistently how to cheat consistent

profits and create another source of

income for yourself and I can tell you

that if you are committed to master

these skills and to apply and to

practice you're gonna be trading like a

professional in a short period of time

and you can create another source of

income for yourself - you know better

your lifestyle eventually use it to

replace your EHR so if you know nothing

about forex let's begin in lesson 1

which is the introduction to forex

trading so what is forex I'm sure you've

heard of it and on the news or to

friends and Mistie Forex is for an

exchange or FX right and the FX market

is one in which a nation's currency is

traded of that in another at a mutually

agreed rate the forex market is run

electronically within a network effect

so there's no exact you know stock

exchange right it's in a run via the

bank Network and it's 24 hours five days

a week

it's the largest market in the world so

if you compare the stock market the

total value of the stock market is about

500 billion dollars in comparison for

Forex is 3 trillion a day

it's the biggest market in the world and

the way I trade Forex is I treat it like

any other business right so in any

business how you make money you make

money by buying something and selling it

at a higher price ok for example if you

own a restaurant you're buying

ingredients at a lower price you're you

know buying people's time to cook the

meals and you're selling in a higher

price on the menu that's how you make

money or in business sometimes you can

sell your customer first and a higher

price and manufactory at a lower price

and deliver the goods right this that

was any business now it's no difference

in a forex trading business the only

difference is your buying and selling

not physical products you're buying

selling currencies ok and it's all the

best businesses you can get into for a

few reasons number one minimal

investment so if you start any other

business a restaurant a shop you know it

would sort of take a few hundred

thousand dollars just to get started

okay but enough you know this is a forex

trading can start as little as two

hundred US dollars which is a mini

trading account okay I can say that you

know most people start up a few thousand

but again you can events like two

hundred dollars next minimal time

commitment in any other business

especially if your startup forget about

going back to your family forget about

work-life balance you're working 15 to

16 hours a day you're doing everything

right but when you trade Forex even as a

beginner you don't need more than 3 to 6

hours a day to be really really

successful and to succeed in this

business next you don't have to worry

about overheads by any other business

there's no employees there's no office

rental to worry about there's no

inventory costs okay makes things

recession-proof you know the main thing

that kills people or kills businesses

are bad times recession people not

spending money right in the business of

forex trading there is no good at that

time right you know why because we make

money regardless of the direction of

currency pairs right then market buuza

currency goes up we go along on a 7

currency pair if the concept peg was

that we go short which is peaceful sell

so either way we're making money

regardless of the economic situation so

it is totally non correlated to the

stock market so you know someone was

early trading stocks like I am and

investing in stocks and you want to have

another avenue to generate income that's

not correlate that Forex is a perfect

business to get into

right in other words you can make money

in both these markets successfully next

to succeed you must be willing to work

hard and master the skill you know I

keep telling people that is trading easy

well it's like asking the same question

is business easy is our relationships

easy is maintaining good health easy of

course not because if any of these

things were easy everyone would be a

multi-millionaire would all a

billion-dollar company and would be you

know having a six-pack set of abs

it's not easy right it was easy nobody

in the world would work okay everyone a

stay at home and make money by pressing

a button on a computer screen is fun

easy right and good it's not easy

because it's this easy everyone will do

it and you know there's no money left

okay this is not easy

alright there's no free lunch in this

one gives you free money so the business

of forex trading is like any other

business like any other career in the

way that you need skills you need

knowledge right a lot of people they go

into trading without skills and

knowledge and that's akin to gambling

right so when they make money is based

on luck and it lose fancy space is

because of my bad luck and that's not

sustainable because you know anyone can

make money in the markets any way any

media and it's called luck but can you

keep that money can you do it

consistently now there is not about luck

that's about skill so that's the main

difference so you can understand that

yes the skill of forex trading it's like

any other skill that you learn in any

other profession whether you're lawyer

doctor or an engineer it takes time to

hone these skills but a good thing is

that in training it takes less time

relative to other professions by being a

medical doctor and doing surgery it

takes less time relatively but it still

takes time nonetheless and I can tell

you that from my experience even with

the best coach and the best training

you're probably taking at least six

months to 12 months to truly master

these skills if you work really hard ok

I know people have taken you know three

to four years to master this skill right

you know maybe they didn't spend as much

time every day or they kind of like you

know a half-hearted but you're truly

committed I can't is six months to one

year you can do this professionally with

what you can have in this course because

by taking this course you just cut short

your learning curve tremendously by more

than 90 percent okay I don't know how is

tell people that could you do this

yourself could you live Forex or self

though you know attending a course and

the answer is of course you could do it

yourself to trial and error

I can tell you that it's not gonna take

you a year or four years you probably

knew over ten years you know I have know

people who have been trading for more

than ten to twelve years and not making

any money consistently they make the

money they lose it back again because

they're going around in circles making

the same stupid mistakes so the purpose

of this course is to really help you to

catch it on learning curve so what if

invested in this cause I can tell you

you've just bought ten years of your

life

compress to a couple of hours if you

learn this course in a condensed fashion

all right so you gotta work hard you

gotta practice you're gonna have a skill

that's gonna guarantee you an income for

the rest of your life I can tell you

that you know I tell people nowadays

that you know we go to school we learn

skills like engineering and accountancy

and programming and these skills are

great but they can't guarantee us a job

in five to ten years because we can be

replaced by someone else with the same

skills someone eventually younger

cheaper and faster and when you work in

a company you know the more senior you

are the more you get promoted the more

expensive you are to be kept and

eventually you can get retrench career I

don't get a pay cut but when you master

the skill of trading whether it's a

forex trading learn stock trading is a

skill that can guarantee you an income

for the rest of your life all you need

is a laptop and internet connection the

skills that's it all right you're set

for life so I hope you're excited to

master the skill all right so the next

benefit of trading Forex is that it's a

24-hour mark it's just extremely

flexible you can do it anytime during

the day right and so you can build your

business from n you in the world and

whatever time zone and in fact you can

play plan your daily routine around with

a job so you can keep your day job and

trade Forex outside your working hours

no worries so this gives you and all of

you of when the different forex markets

are active and number of Forex is run

electronically via banks right so that's

most central exchange we will right so

different banks around the world kind of

get active at different possible day so

what you're looking at here is actually

mine

which is Singapore local time okay so if

you're looking at New York time which is

Eastern stat a time would be like

savings it's come like the reverse so in

other words Singapore 1:00 a.m. would be

p.m. for Eastern Standard Time Eastern

Standard Time that would be New York

time okay and again 1:00 p.m.

Singapore time would be a.m. Eastern

Standard Time so just flip it around if

you are in the Eastern Standard time

zone okay all right

so what happens is I'm gonna talk in

terms of Singapore time so just flip it

around at 6:00 a.m. Singapore time the

Australians start trading all right

Australian market opens Sydney opens so

they start trading from 6:00 a.m. to

2:00 p.m. so that's when the Aussie

dollar Australian dollar starts getting

active because that's been a pause these

are training ok and at 8:00 a.m. you

find that Tokyo that Tokyo market opens

at Tokyo Bank start trading so that's

when the Japanese yen starts getting

active all the way from 8 a.m. to 4 p.m.

ok now so that's again when the Japanese

yen gets active um at 4 p.m. to

Singapore time which is again 4 a.m.

Eastern Standard Time the London market

opens so the euro the power right these

start getting active in training all the

way to chance midnight Singapore time

which is 12 p.m. Eastern Standard Time

and the US the New York to be exact

stats and again obviously 9 a.m. in your

time which is 9 p.m. Singapore time all

the way to 5 a.m. Singapore time that's

when the US market starts getting active

right and the US dollar starts getting

really active so most people who trade

the very liquid currency pairs like the

Euro USD okay they will

start looking at a markets usually from

4 p.m. Singapore time onwards that's

when it starts getting active you're

trading the Japanese yen or the

Australian dollar you can start of

course a lot earlier all right next the

business of forex trading allows you to

generate consistent profits once you

master this skill

okay so profit returns of 5% of 20% a

month are very possible

in fact that's pretty common among

successful forex traders now some of you

may think but you know currencies don't

move 5 to 20% of money so how do you

make 5 or 10% in life and the answer is

through leverage the currency market

allows you to leverage and what it means

is that you can buy you know a million

dollars of million US dollars worth of

currency without having a million US

dollars right in fact you just need less

than one percent of cash in order to

take a million dollar position so even

if the price of the US all the moves by

just a bit like move by 0.001 percent

that equates to even a 10 percent return

on your investment because of the

leverage factor okay so for $100,000

come for example you can easily generate

5 to 20 grand a month in profits

forgiven see easily means you have

mastered the skill okay now you don't

have to start if 100,000 obviously like

I said again start up a thousand dollars

you can start of $200 but understand

that you are then getting you know 5 to

20 percent returns off that thousand

dollars or off that $200 ok and all some

of you are thinking hey Adam I've seen

videos of on watch ads where people say

you know I'm making hundred percent a

month you know five hundred cent of

money in forex while you make you leave

5 percent 3 percent right that's not

exciting yeah sure you know are there

people who make hundred percent two

hundred a month in forex yes they are

they are well I can tell it is they

don't do that every month ok and I can

tell you most of the people who are

making a hundred percent 2 percent a

month I think extremely high risk and

what they don't tell you is that a month

later or the next money lose everything

okay so if you wanna make you know get a

big bang

sure go do that go ris a lot and can

make a lot you know in a shop bit of

time but more often than not it is not

sustainable like I said making money in

the financial markets is very easy and

either can do it

it's called luck just being there the

right place at the right time remember

the market can either go up or go down

so you've got a 50-50 chance of being

right when you place the bet okay but it

is be able to keep that money and to do

it consistently like a regular income

source that's difficult and if you wanna

do that you cannot risk a large amount

of your capital because all you need is

one time you're wrong and you will be

wrong this is a 50-50 chance 50-50

chance in a short term you're gonna wipe

everything out and I saw most people who

don't understand this most people go

into trading with this grandiose thing

they're gonna come in and they're

overnight 99.9% they will lose

everything all right so I can tell that

most people who do not take a proper

cost and it go in and try this out

you'll tend to blow the account blow

their companies they're gonna lose

everything at least three to four times

before you wake up and say okay fine now

I'm gonna do it properly and doing it

properly means not one thing to get a

hundred percent 2% return of money

that's not sustainable

okay it's getting five percent twenty

percent of mine that's sustainable all

right and then it's better to do that on

16 month of the month of the month then

Harper Center of us and one man and blow

everything the next month make sense I

hope you agree and that's really

important okay good let's move on Forex

basics okay if you know nothing about

Forex understand a Forex is called the

always in currency pairs okay so it's

unlike the stock money in stock market

you ask what's the price of Facebook

Facebook's hundred and sixty dollars

that's it that's one stop buying

currency you can ask what is the price

of the US dollar no the price of the

u.s. dollar versus what

versus the euro versus the yen so

currency is always quoted in pants right

one

see being exchanged for another currency

okay

and each currency is given a tree let

the code so this is something that you

have to memorize okay

EU R is the Euro USD is the US dollar

GBP is the Great British Pound JPY

Japanese yen CHF the Swiss franc AUD the

Australian dollar see a deacon and

canadian dollar and NZ d the New Zealand

dollar so these are the eight most

common currency symbols that we will be

trading we will be trading Zimbabwe

dollars or Singapore dollars now that's

too exotic all right main currency pairs

so again these are other currency

symbols that we will be trading all

right at least I don't drink them and

again the most successful traders only

trade the most common and liquid seven

pairs now I do trade beyond the seven

pass slightly beyond it will show it to

you but these are the seven most common

pairs which are the most liquid yeah the

most actively traded okay highest volume

so it moves with the greatest volatility

and the tightest spreads and almost

spreads in a while so other seven most

common pass you've got the euro USD or

credit euro dollar we've got the pound

dollar we've got the dollar yen which is

u.s. dollar versus Japanese yen dollar

franc we have the Aussie dollar New

Zealand dollar and dollar cap okay so

these are the seven most common pants so

how do you read a currency quote again

currencies are coded in pairs and mostly

in four decimal places so what you see

is euro USD 1.35 or five - now we only

pay attention to the four decimal places

okay

the fifth decimal place is known as a

fractional pip and we do not care about

that okay so

it's too small to worry about we're

looking at four decimal places right so

the last decimal place represents a pip

and I'll talk about the inertia

Wow okay so when you see a currency pair

the first one is known as the base

currency so euro is the base currency

USD is known as the core currency

all right and like I said the fourth

decimal place is known as the pin and

the PIP is the smallest change in the

currency pair that we are concerned

about okay so in this case it is 3 5

over 5 now usually what we really we

don't go one point three five four five

we just a tree 505 okay now if it goes

from three five oh five two three five

or six what does it mean it means that

the euro has or rather the Euro USD has

gone up by one pip right cuts from five

to six it's one tip in exams okay now if

it goes three five or five to three five

one six what has happened the Euro USD

has gone up by 11 pips

let's make sense eleven pips because 11

plus 5 is 16 okay

so pip is the last decimal place so if

you look at this entire thing is three

thousand five hundred five tips since

you move that from zero okay just a damn

long time ago my convention is a

fraction of pips so we're not gonna

worry about that we're gonna look at the

pip okay so I can say the base currency

always has a value of one okay so in

this case euro we're saying one euro so

in this case what we're saying is that

one euro is equivalent to one point

three five or five US dollars at this

particular point in time so in other

words if you want to buy one euro you

have to pay one dollar thirty five or

five cents

u.s. dollars to buy one euro and if you

want to sell one you know you would

receive one point three five four five

US dollars so that's how you read kind

of support okay

now understand all currency pairs except

the ones with the Japanese yen in them

are always quoted to four decimal places

okay so one pip is 0.0001 okay so that's

one tip which I mentioned early on but

anytime you've got a Japanese yen in the

pan like you've got dollar yen you've

got pound yen or anything again

okay the pants are always quoted to two

decimal places so when you have a up

again one pip is the second decimal

place second decimal place for any of

the yen pairs so most good other best

example is the US yeah or the dollar yen

so in this case the dollar yen is 98-73

on 98.7 tree so again what is this call

right the first currency in the court is

the base currency right I mean it's the

base currents moving right now it's the

base currency and what is this call

ladies and gentlemen it's called a court

currency that's right so remember that

the base currency which is the first one

is always one okay it's always one so

what we're saying now is that one u.s.

dollar is equivalent to ninety eight

point seven three Japanese yen okay and

again this tree the second decimal place

is a tip so if it goes from nine eight

seventy three to nine eight seventy four

right the dollar yen has gone up by one

pip make sense right if it goes from 98

cemetry to 98 in

for it's gonna by 11 pips okay if we

goes from 90s and we treat the money

it's 72 is gone down by one pin right so

you got that okay so in other words

again right one u.s. dollar is

equivalent to 98.7 three Japanese yeah

so again what's a pip pip is known as a

price interest point is the smallest

change in value for air for any given

Forex quote that we're interested in of

course the smallest one is the

fractional pip we don't care about that

so it's the smallest one we care about

okay so once again for all long yen

Forex pairs one pip represents the

fourth decimal place on the court

okay so again when the euro/usd moves

from three five over five to three five

or six it's a movement of one pit or

0.0001 okay for yen Forex pairs one pip

represents the second decimal place of

the court where the dollar yen moves

from 1855 to eighty eighty seven it's a

movement of the knee two pips right just

read we know what I just said right so

hope you understand you're clear at this

point fine

all right so the next thing to

understand is contract lock sizes so in

the forex markets when you buy or you

sell you're buying units of currency

right in lots so one standard lot that

you buy is always a hundred thousand of

the base currency so if you buy one lot

of Euro USD you're actually buying a

hundred thousand euros if you buy one

lot of dollar friend you're buying a

hundred thousand US dollars okay so he

goes by Lots and again one pip is a

fourth decimal place for non yen pants

and for yen pants like dollar yen pound

yen is a second decimal place so just

remember once then that law is a hundred

thousand of the base currency now you

don't have to buy one lot you can buy

less than one block okay so like I said

stand alone is a hundred thousand of the

base currency and you don't have to buy

one lot you could buy a mini long

10,000 Microlock thousand and then a lot

100k now you don't have to remember the

names of these it's not important what's

important is to know how many units you

have to buy and how do key in the lot

size now it depends on broken your use

for example if you use more empty for

platforms you key in in terms of lot

size for example if you are buying a

hundred thousand euros okay for euro USD

then you key in one alright because one

is one lot is a hundred thousand okay

you're gonna buy 50,000 what you give

yukine 0.5 okay 0.5 because one lot is a

hundred thousand so 0.5 is 50,000 can

you just write it down for you so one

lot is a hundred thousand one two three

and fifty point five is fifty thousand

one two three okay so let me repeat if

you're trading with most brokers that

use an mp4 platform then you key in one

four hundred thousand 0.5 to fifty

thousand if you gotta buy five hundred

thousand then you can fine

let's make sense okay but there are

certain brokers for example if you treat

if Interactive Brokers that when you

keep in no team by los sites you can buy

the currency unit so in other words for

interactive brokers you key in 100,000

right yukine a hundred thousand not one

this puke in one you just buy one you

guys dollar okay see at the key in a

hundred thousand so you have to know the

broker you're using you keen in lot size

on the left on your keen in the number

of units alright it's really important

but I guess it for most empty for

brokers that you'll be using

yukine by lot size alright next how do

you top it Forex prophets so the

prophets you make or the loss you make

is equal to the number of pips that you

capture

okay it moved by 20 pips it moved by a

hundred pips so how many pills did you

capture multiply it by the number of

lots multiplied by the dollar value per

pip the standard lot okay so you

understand the number of pips

all right 20 pips hundred pips right you

understand the number of lots all right

so one lakh 100000 two lots to our

thousand okay I understand that now what

is the meaning of the dollar value per

pip in other words how much is one Pig

worth per stand a lot okay and the

answer is this the dollar value per pip

for each then the law is usually about

ten dollars okay for most of the

actively traded pants like euro USD

pound USD and also USD okay but to get

the exact value you can go to this

website over here which is empty

predicted comm slash pit value table to

find out the exact dollar value per pip

a lot for most of the major comes best

so if you go to the website you will see

something like that okay and again this

changes all the time so you have to get

the latest update on that day okay so on

this day when I log in it's the 7 of

October so as of the 7th of October you

can see that for euro USD the value of

one pip is now this table is based on a

mini lot of 10,000 so we want to look at

a standard lot which is a hundred

thousand right which I talked about so

in other words you have to take this

multiplied by 10 to get a stand alone

okay so 1 times 10 is 10 dollars all

right so all this would be 10 dollars

okay this would be 8 dollars and 90

cents right and this would be 1 this

would be 10 dollars and 20 cents right

just multiplied by 10 you know you roll

frame this would be

$10.20 this will be $8.90 so you can see

that for most of the currency pairs it

is straight-up ten dollars alright so in

other words everyone pip movement is ten

bucks

a lock that you buy that's what it means

alright so let's take a look at an

example so over here you can see that

this pair on the chart is a euro USD

okay and say we believe that the euro

USD is going up okay so when we say the

euro US is going up it means that the

euro is appreciating against the dollar

or we say the dollar is depreciating

against the euro so when we buy euro USD

we are bullish on the Euro we think the

euro is going up and we think the dollar

the US dollar is going down so we go

along on the euro US dollar make sense

okay and say we go along at three five

one zero okay and we buy one lot we buy

a hundred thousand of the base currency

which is 100,000 euros so we keen one

lakh into the broker and we in the train

and say we are right and it goes to

three five five zero and we sell so how

many pips do we capture we captured 40

pips right because three five five zero

minus three five one zero is 40 pips and

we bought one standard lot so times one

if you bought two Lots time stood you

bought half a lot times zero point five

exams and we multiplied by the dollar

value per pip and a dollar value per pip

for euro USD which you saw on a table is

ten dollars

all right so 40 pips - and all this

times 1 lakh is $400 all right so in

this case you meet $400 again this is

the dollar value couple less than a lot

so let me explain the same thing in a

linear form some people like to think

linear so again I go along on your us

one standard lot at three five one zero

okay so again I bought eur/usd at three

five one zero and I sell your USD at

three five five zero so the difference

is 40 pips okay

and again the profits is the number of

tips times the dollar value per pip

times number of laws so the 40 pips

times ten bucks times one knot that's

four hundred dollars okay so another way

of looking at it is that I'm buying one

hundred thousand euros and paying one

hundred thirty five thousand one hundred

dollars okay I'm buying a hundred

thousand euros and paying one three five

one hundred for those hundred thousand

euros and then I sell a hundred thousand

euros over here and we see a her in

thirty five thousand five hundred

dollars right you can see over here so

the profit earned is this and this so

this class this - this is four hundred

dollars okay so notice that if you don't

use leverage all right you would have to

invest a hundred thirty five thousand a

hundred dollars or a hundred thousand

euros to earn four hundred dollars u.s.

right so in other words you're earning

four hundred US dollars from $135,000

that's a 0.29% we third let me say

that's such a small return in order to

borrow a hundred thirty-five thousand US

dollars we make four bucks are you mad

okay

that is why in forex or forex traders

use leverage because we don't use

leverage doesn't make sense because

currencies move very little every day so

for us we're gonna be day traders with a

buy and sell on the same day all right

so to make it worth our while to have a

good return all right we need to use

leverage in other words we don't want to

put down a hundred thousand euros in

order to make a lousy for a box we want

to quit a small

deposit in order to buy the 100,000

euros so that a profit over our deposit

is a good return okay so most forex

brokers allow you to leverage one is to

a hundred what does that mean that means

for every hundred thousand euros you

need 1,000 euros of deposit to buy that

position okay so if you only use a

thousand euros okay that means you're

making $400 from a thousand euros and

that's a much better return okay but I

can tell you that for us or for me at

least when I trade Forex I don't ever

use more than one is 220 leverage

okay so again broker's allow you to

leverage one is 200 but for the purpose

of trading we will not be leveraging any

more than one 220 okay so in other words

for every ten thousand you put into your

account as capital you don't have to buy

more than 200 thousand worth of any

currency very rarely right usually I

only leverage about 10 to 15 times so

for every ten thousand I put in I'm only

buying a hundred thousand worth or

hundred fifty thousand worth of currency

okay

so again if you employ an average of one

to twenty we just need to invest a

margin margin means deposit of 675 five

right or other five percent of the

position signs so our return in this

case becomes four hundred dollars profit

over 675 five which is a deposit you

need to buy her and thirty five thousand

euro dollars and that's a 5.9 percent

per tree which is a lot better right so

let's look at opposites in error which

is going short so in this case we

believe the euro USD is going down all

right the euro is depreciating against

the dollar okay so we'll go short and we

short

euro/usd at three five six zero we shot

one standard contract one lot which is a

hundred thousand euros all right and

simply alright it goes down and we then

buy it back at three five two zero okay

so how many pills do you have okay so

notice in the forex markets okay yeah

two weeks to make money one way to make

money is by low sell high

all right which is what we did in a

previous example the other way to make

money is to sell high and buy low right

so it's the same thing just go in the

opposite direction you make make the

same profits okay so in this case we

sell at three five six zero we buy at

three five two zero and we made 40 pips

okay I made 40 pips the difference

between 3 5 6 0 minus 3 5 2 0 40 pips

you've made 40 pips and each pip is $10

we bought one lot less for our box so

same thing so again I mean we explain in

linear form going short euro-usd one

standard contract and so we saw euro USD

at three five six zero and we bought it

back at three five to zero difference 40

pips okay

so again what's your total profits

number of pips

which is 40 multiplied by the dollar

value per pip which is ten bucks for

this pair x 1 lakh which we bought one

lakh if you bought two Lots we times two

okay so with four hundred US dollars so

again another way of looking at it is

that we start by selling a hundred

thousand euros okay and received a

hundred thirty five thousand six hundred

dollars okay and then we bought a

hundred thousand euros and paid a

hundred thirty-five thousand two hundred

dollars so we bought her thousand you

and paid this amount of which we have

this amount already okay so the total

profit earned will be the difference

between this and this 400 bucks

all right so meet foreign dollars so

again without leverage notice that you

would have to utilize $135,000 to earn

400 dollars and the return 400 over 135

grand is 0.29% meter all right so how do

you with our okay so we use leverage so

instead of putting down a hundred 85

grand if we use leverage of 1 is to 20

that means we only have to put a 5%

deposit or five percent margin in order

to pick this position yes right so 5% of

135 grand is $6,000 so $6,000 we can't

buy this position or rather sell it and

buy it back and we're making foreign

dollars so $400 over oops

school fast $400 over let's go back to

that

right $400 over six grand is five point

nine percent return for one trade that

takes one to two hours pretty good with

them

right so leverage is what makes what

allows us to get a really good return on

our screens okay so again let me just

talk a bit more on leverage again in

forex most brokers were allowed traders

to leverage one is to 100 times okay

so that means you can buy or sell a

hundred thousand US dollars worth of

currency with just a thousand dollars in

your account but in most trading

situations we usually only leverage one

is to Trinity okay so this means that

the $10,000 account we usually will buy

or sell up to two hundred thousand worth

of the currency and the very most and

that is all that's required to achieve

exceptionally high returns consistently

okay so notice that based on the

leverage that tells you the margin

required okay

so again once the twenty means that we

just put a 5% deposit or five percent of

the contract size to go long or short on

the position right so that's how we use

leverage all right so as the ball the

different kind of forex traders so just

like there are so many ways to cook fish

just so many ways to trade Forex and

there's no the way there's no the right

way there are many ways and you can be

really successful really profitable in

many different ways so it all depends on

choosing a style of trading that you're

comfortable with that suits your

personality and that fits in with again

your work schedule or your time schedule

alright so they're busy four kinds of

forex traders and let's begin with the

long term and then I'm going to go down

to the short term right so some people

are or composition traders in other

words they will enter the Forex position

and you will hold it for a couple of

months or even years why do you have a

long term view and normally these people

they will tend to trade based on looking

at fundamentals right the under

buying half of economy what's happening

to interest rates in GDP and they look

at the overall big trend so no me

position traders like George Soros for

example when he enters a trade he will

target five hundred to a thousand pips

but trade or more right so to capture

five hundred thousand pips you have to

stay in the trade for you know a few

weeks two months even years right and

position traders they tend to look at a

chance and they look at daily candles

right so each candle represents one day

or they may get weekly candle so those

are position traders okay next we have

swing traders so swing traders would

typically target 50 pips to about 150

pips per trade so when you get in they

hit 50 150 the outlet rate and the trick

duration usually lasts for less than a

week couple things right and you look at

charts with hourly or for hourly candles

so those are some traders makes you've

got day traders and they trade us as the

name implies they buy and sell within

the day right the trade rarely passes

over the next day right by the energetic

they close the trade and so normally a

day traders would do a couple of trades

a day right maybe two three trades a day

where swing traders right it takes about

a couple days to close the trade right

so let me not take as many trades and

position traders would take even less

trades because they are one trade lasts

for a few months or even weeks or years

okay

day traders would look at chance and

analyze based on 15-minute candles or

one-hour candles or for our candles now

the shortest time frame their people

trade are the well calling scalpers

where they sculpt the market so scalpers

usually they enter and exit within a few

seconds so if I poop they sell all right

and they just target five to ten tips

they're out of the trade and they look

at one minute and five

cackles right so again you've got

successful traders in all four

categories

my personal preference and it's worked

for me where I make the most money

consistently is that's right I'm a day

trader right so I usually take anywhere

from 1 to a maximum of three traits that

they know more than that right because

my take you might take an average of two

trades a day which I do in a month

you're doing about four traits and

that's more than enough 14 traits about

this morning okay and again my usual

target is like it applies 20 to 40 pips

per trade and I bet the trade on

15-minute candle so each candle is

15-minute timeframe so that is my

personal style so let me show you the

chart and show you how this comp looks

like on the chart itself all right so

let me show you an example of the

different come trading styles with the

charts okay so what I'm using is the mt4

platform which is the trading platform

there most traders use and most forex

brokers use the same mt4 platform and in

the lesson on technical analysis you can

be learning exactly how do you set up

the platform how do you use all the

charting software but for now I'm just

gonna show you some basics of how we

trade in a different styles right so I'm

looking at the euro USD okay and the

markets close right now I'm doing this

on a weekend so you can see that the the

price are not moving but when the

markets open you can see the prices

we're moving rapidly okay now what I've

selected is d1 which means daily candles

right which means each candle represents

one day so that's one day two days three

days four days five days so on and so

forth and you can see these written

green candles the green candles

represent bullish candles which means

the price closed higher than the open

and bearish candles where the price

closed lower than the open and again

you'll be learning candlestick patterns

in detail under the lesson of penny

analysis so right now I just want to

show you that for

and traders okay who are long-term

traders they look at daily candles right

and so what happens is for example you

may see an uptrend and say okay I want

to enter the trend so for example you

can see this is a very clear uptrend

over here all right let me see okay I

want to buy here right by the euro USD

and maybe you want to sell it somewhere

here for example okay so so how long is

this right so this April right April May

June July August right April May June so

it's five months right so the whole one

trip for five months before you exit is

a position trainer to me it's really

long term and how many pips is that well

let's take a look if you click on this

crosshair okay and you click on this and

drag now do you notice you can see these

numbers gives it is four three seven six

can you see that if you drag for six

three eight five one three can you see

that okay so those are the number of

pips number of pips so in other words if

you were to buy from here okay from here

and you want to sell it here how many

pips is that that is six one three one

can you see that now six one three one

can sees four decimal places

okay but in this case the one is a

fractional pip

so you ignore the one you think six one

three so this means is 613 pips 613 pips

okay so which means that if you were to

buy here all the way you sell it there

how many pips is that there is one

thousand three hundred and fifty seven

tips right because the tree at the end

one three five seven tree ignore the

tree because there is a fractional dip

so again one three five centers 1357

tips so you can

see that for a long-term opposition

trader right yeah you know you need to

capture a thousand pips five hundred

pips mm okay so to do that you have to

be in a trade for a couple of months

okay so that's position trading so

that's not my style right you can do

that if you want to that's not my style

next would be I mentioned swing trading

right so swing trading is again you tend

to look at hourly candles as a swing

trader so when you click h 1 its hourly

candles so now it's complimentary a

microscope we're zooming in such that

now each candle that you see is one hour

so this one-hour candle one hour so each

candle takes one hour to form okay so as

a swing trader okay you can look at the

hourly candles one out of four hour

candles for our candles right where each

candle represents four hours so for

swing trader they may take a slightly

longer tree okay

four for swing trader they may for

example trade from here I can see an

uptrend

this is uptrend here right and this is

consolidation going sideways so they may

take a trade for example they may buy

somewhere here okay and now me maybe

sell yeah

in fact shorter than that so for swing

trader you zoom in a bit okay so let me

buy somewhere but there and they may

even sell just there okay so they

captured about 100 in because you 1/3

1/5 1/3 1/5 at the center so that's 100

then you want pips all right slowly

capture hundred 31 pips

get out of the tree and again from here

to there we buy and sell there it took a

couple of days from the fifth of July to

about the 11th of July right so that's

about five days six days right so

there's a swing trader right so the

treat lasts for a few days okay they

look at four hour one hour candles okay

mix so let's go down we have got

position trading swing trading and next

week day trading right which is what I

do so I'm a day trader and it's a day

trader I tend to use 15-minute candles

right 50 minute candles so now it's like

I take a microscope i zoom in even

further down and each of these candles

you see over here okay these are 15

minute candles or each candle represents

15 minutes 15 minutes between minutes

right so as a sweet as a day trader I

will usually go for you know 20 or 30

pips

and I'm out right so you know I could

for example you can notice that you know

there's a nice trend here going up trend

going down right so we vessels up and I

could take a trade here somewhere for

example I'll teach you again on the

lesson on the strategy right the impulse

poobah impulse pinball tell you exactly

when to get in based on the moving

averages support resistance candlestick

patterns so I'm not showing you the

exact strategy right now I don't confuse

you just showing you you know how many

pips we capture right so I could enter

here for example as a day trader and you

know I kept just something like about

there I can see two for two in the

center so there's 24 pips

alright so you know I buy somewhere here

all right i buy again i buy somewhere

here

whoops buy somewhere here and there are

sell somebody all right so here myself

there I get 24 pips

that's it I'm out and I go for the next

trade I mean by here and sell there all

right so

capturing the very short-term trends

within the day so you can see that this

trade from here to here was within the

same day within a third of October so

how long did this trade thing it took

one two three four right one candle is

15 minutes right so four candles is one

hours one two three four this one hour 1

2 3 4 2 hours 1 P 3 half an hour right

so this trick lasts for you know about

two and a half hours that's it out of

the trade so this is day trading right

and finally you got scalping and

scalping I don't do because it's too

fast pace for me right it's too

stressful

I know ideas copper but scalpers they

may use one minute candles or five

minute candidates right so let me use a

1-minute candle and it's kind of like

you zoom in even further but microscope

alright and you can see that each of

these these candles are one minute why

did they wanted to form and the scalper

may buy here right me say hey okay

there's this sideways trend going out

right so they buy here they buy here and

you know they get maybe like 10 pips I

can see one through three all right the

center so that's 10 tips so we buy here

you get 10 pips poop get out it's so

right get in the game it's elegant get

in the cursor really stressful you do a

lot of trades a day not my stuff right

so again I'm a day trader and hope this

gives you a better understanding of the

different kind of trainers okay so let's

move on to the next part

all right so let's run through the

entire training cost curriculum and you

should be able to finish this course

within a week you know you can look at

one less than a day and then practice

it'll be ideal to be optimal right and

do practice it as you learn so less than

one we have just coming to the end of

lesson one where is the introduction to

forex trading I do hope now you've got a

pretty good understanding of what Forex

is all about and how we trade it okay

lesson two we'll be going to next where

you're gonna learn the secret to

achieving consistent trading profits and

it's based on statistics based on

mathematics right

you'll be learning the statistics

off-again consistent profits how to

achieve consistent profits from random

outcomes right in a short-run price

movement is pretty random but there are

repeatable patterns that we exploit in

the markets to create consistent profits

over a number of trades you'll be

learning exactly how to trade just like

a casino

you know the casino is playing a game of

chance with the players but a casino

always wins at the end of the day

because they've got an edge over the

players mathematically you will learn

the principle how casinos do it and

implement it into your trading routine

and how to develop a trading system with

a positive expectancy no markets next in

lesson 3 be going through technical

analysis which is the main tool I use to

get an edge in the markets to end

dissipate price movements you'll be

learning about the foundational

principles of PA will cover candlestick

patterns how do you identify trends how

to utilize support and resistance levels

how to master moving averages and how to

use the trading platform and we're gonna

be using the empty four platform which

is the most common platform used by

traders okay lesson four lesson for us

all about position sizing risk

management how do you manage your money

and size your positions how many units

do you buy make contracts you three and

how do you automate your trading

business with all the management

techniques so your entries and exits are

automated you don't have to be there

things your emotions of equation okay

lesson five Anderson lesson five will be

the first lesson will be learning the

actual strategy where we put everything

together into a system okay a system

there were generate consistent profits

and the first strategy you'll learn is

the impulse pullback strategy okay so

you'll be learning about specific price

action patterns be using for this

strategy entry and exit rules for long

setups and short setups how do we feel

to take only the highest quality traits

and how do you manage your trade right

how do you exit a trade how do you enter

the trade with precision okay lesson six

really important psychology of winning

traders so how do you how do winning

traders think differently from the herd

how do you manage overcome negative

emotions that will impede your progress

as a trader that can sabotage you okay

how do you manage temporary draw downs

in your capital which is inevitable

trading and how do you program your mind

to become a winning trader okay so in

lesson seven you'll be learning the next

strategy which is the impulse pinbar

strategy this is not a very powerful

strategy that I use with really high win

rates and expected profits okay you'll

be learning about the bullish and

bearish pinbar and specific price action

patterns that work with this strategy

exact entry and exit rules form long and

short setups how do you fill them for

the highest quality trades and again

trade management and exit strategies

finally to cap it all off lesson eight

developing a trading plan just like any

business is a business plan as a trainer

professional trader you need a trading

plan to guide you so you'll be learning

to develop such a training plan and

you'll be learning about my daily

trading routine that takes three to six

hours a day or even less okay how do you

keep a trading journal to record your

progress and to keep improving with each

and every day and you also talk about

how do you choose a Forex broker with

really tight spreads no commissions that

can really help you in your training

journey okay so that concludes lesson

one and I'll see you guys in the next

lesson do you revise what you've learned

got questions send me an email

happy to help is adam koo

source : By Adam Khoo

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