Tackle Today: New Tackle Release: Forex 101 | Tackle Trading
“The very basics of currency trading.”
Trading currencies can be challenging, just like options trading, for example. Lots of nuances but also lots of opportunities. Let me throw some quick topics here:
Portfolio Design
How do you fit Forex inside your portfolio? Most traders would simple say: DELTA! DAY TRADING! Yes, I agree, but what about cash flow? What about long-term investing? What about hedging your investments from the dangers of an exotic currency? Yes, it’s all possible with Forex.
Position Sizing
It’s all about PIPs, lots and leverage. What are they? OK, let’s jump to the next topic:
Definitions
Forex has its own set of definitions. What would you expect from the largest and most liquid financial market in the whole world, opened 24/5.5? Trillions of dollars are traded every single day, so, do expect some terminology: Base currency, Quote currency, Currency pairs, Major pairs, Exotic pairs, PIPs, Lots, Pegged Rate, Free-floating, Dollarization, Carry Trade, Go-to-bed Trade, Bank-Open trade, Tick Value…
Are you already panicking? Please, don’t, because we’ve just released something for you.
FOREX 101 \o/\o/\o/\o/
Here’s what you are going to learn in this 101 series:
Module 1: Why Forex
Module 2: Forex Systems explained and key definitions
Module 3: How to Trade Forex
Module 4: Event-Based Trading
Module 5: Trading Forex
Module 6: The S.T.E.P. System and Forex
That is what we call Rocktober. Last week, we’ve released the Tackle Trading Playbook. Now the Forex 101. What a month!
We do hope #TeamTackle likes it. CLICK HERE to access the course.
Of course, it’s only available for PRO Members.
Chart of the Day: The Carry Trade: How it works
The Carry Trade is one of the most famous strategies in Forex. Do you want to learn how it works? Let Coach Cody teach it to you. CLICK HERE to access the course.
Video of the day: What is Forex
In this video, you’ll learn what the forex market is. Also known as the FX market as well as the foreign exchange market.
Financial freedom is a journey
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Originally published at https://tackletrading.com on October 22, 2019.
