Baby Trader
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All basic education about forex trading.
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As you can see:

The United States is still the world’s largest economy.
China is the world’s second-largest economy.
The United States and China together make up nearly 40% of the global economic GDP.
The top 15 economies represent a whopping 75% of the total global GDP.
Trade Flows and Trade Balance
International trade can be broadly distinguished between trade in goods (merchandise) and services.

We’re living in a global marketplace. Countries sell their own goods to countries that want them (exporting), while at the same time buying goods they want from other countries (importing).
Which country has world’s largest economy?
Anonymous Quiz
40%
China
5%
Europe
4%
Japan
1%
Swizzerland
49%
United States of America
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GET TO LEARN & MASTER OUR 90% WIN RATE STRATEGY
LESSON 8: CHART PATTERNS
Think of chart patterns as a land mine detector because, once you finish this lesson, you will be able to spot “explosions” on the charts before they even happen, potentially making you a lot of money in the process.

When correctly identified, it usually leads to an explosive breakout, so watch out!

Remember, our goal is to spot big movements before they happen so that we can ride them out and rake in the cash.

Chart formations will greatly help us spot conditions where the market is ready to break out.
DOUBLE TOP

A double top
is a reversal pattern that is formed after there is an extended move up.
The “tops” are peaks which are formed when the price hits a certain level that can’t be broken.

If the price bounces off of that level again, then you have a DOUBLE top!


In the chart above you can see that two peaks or “tops” were formed after a strong move up.
Notice how the second top was not able to break the high of the first top.
DOUBLE BOTTOM

The double bottom is also a trend reversal formation, but this time we are looking to go long instead of short.

These formations occur after extended downtrends when two valleys or “bottoms” have been formed.
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🚨 ANNOUNCEMENT 🚨

We entered a new month with new beginnings. We as a team, have been preparing for you some special offers including a new
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Remember I’m not doing this by myself, we have a team behind to take care of your account.

PS: This group will still run as a studying platform for our newbies.


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MARKET ENVIRONMENT

Before spotting those opportunities, you have to be able to determine the trading environment.

The state of the market can be classified into three scenarios:

-Trending up
-Trending down
-Ranging
RETRACE / REVERSAL ?

Nobody likes to be hit by the “Smooth Retracement” but, sadly, it does happen.
Why?

In the above example, the forex trader failed to recognize the difference between a retracement and a reversal.
Trading Multiple Timeframes

Multiple time frame analysis is simply the process of looking at the same pair and the same price but on different time frames.