This ebook is an educational introduction to foreign exchange trading written by Vince Stanzione, New York Times bestselling author of The Millionaire Dropout and a trader with 37+ years of market experience. It explains the FX market in plain language and...
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This ebook is an educational introduction to foreign exchange trading written by Vince Stanzione, New York Times bestselling author of The Millionaire Dropout and a trader with 37+ years of market experience. It explains the FX market in plain language and then shows how to apply those ideas on Deriv platforms.The book covers:What the forex market is, daily volume, and 24-hour session times (Sydney, Tokyo, London, New York overlap)
Who uses FX: consumers, tourists, businesses, banks, governments/central banks, investors, and speculators
Major world currencies, with emphasis on the US dollar as the dominant reserve and commodity-pricing currency
Currency pairs on Deriv: majors, minors, and exotics
Trading FX on Deriv Trader with digital options (Rise/Fall, Higher/Lower, Touch/No Touch) and multipliers
Trading FX CFDs on Deriv MT5, including stop loss, margin call, and stop out
How currencies move: base vs quote currency, pips/points/ticks, uptrends, downtrends, and sideways ranges
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