www.estsmar.

com
1

( ) 4

-
o
o
o
o
o
o
o
o

( ) 11
( ) 17

( ) 02
( ) 06

( ) 33

( ) 39

( ) 43

( ) 45

-
o
o
o
o
o
o
o
o
o
o
o
o
o
o
o
o
o

( ) 47

( ) 53

( ) 56

( ) 62

( ) 66

( ) 67

( ) 72

( ) 71
( ) 73

( ) 76

( ) 78

( ) 84

( ) 86

( ) 92

( ) 90

( ) 95

( ) 99
2

( ) 124

( ) 127

( ) 110

o ( ) 112
o
o

( ) 113

( ) 114

o ( ) 101

o ( ) 107
o
o
o

( ) 109

( ) 132
( ) 130

o ( ) 135

-
o

( ) 139

o ( ) 143

o ( ) 146
o

( ) 149

( ) 153

( ) 156

o ( ) 152

o ( ) 154
o
o
o
o
o

( ) 161

( ) 168

( ) 173

( ) 175

( ) 187

o ( ) 191

o ( ) 021
o

( ) 019

o ( ) 000
o ( ) 031

o
o
o
o
o
o
o

( ) 047

( ) 051

( ) 056
( ) 063

( ) 067
( ) 070

( ) 076


!
..
.

! .

.
.

.

..
.
.

!! .
.

.
.
! .
.
!

!!

 !

! .

.
!
!!
!!
.
!!
.

!

!
!

!

!

.
6

 !
.

.
.
.
!!
,
.
.
.

.
.

.
.
.
.
.

.

 .
.
.
.

,

.
.
.

.

.
.
.
.

 .
.

:

.

.
.

!
.
.
.
!

.

!
.
.
!!
9

 .
! .
.

.
!

.
!
.

.
.. .. ..
.. .

.
10

 . .
.
..
..
...

11

$ 12222
.. $12222
.

.. $10222 ..

$0222
$12222
$8222

$0222
.. .

!!..
$12222 ..
.
..
..
$12222

12

 .. Trading in margin basis

" : $01111
$0111

"
..

"" ..
.

.. !!..
..

..

$10222

. $10222

$10222 ..
$12222 $1222

$0222

..

.
!!..

13

 $1222 $0222 %022

.


leverage $1222

$12222 .
. Leverage

.

.
.
$12.222 $122.222

.. $0222 (*0222

)$02222=12 $12222
!!..

.. .
!
:
:
.
.
.

14

 , .
:
$1222
.
$1222 , $120222

.
- -
.

, - -
$120222 .
..
, (
) 12 ,
$1222 $010111

, $1222 .

, $100222 $120222
$0222 .


$8222
, $0222

.
,

15

, .

$8222 $0222 $120222

.
!
: $1222
, - $100222
.
: $8222 , $1222
..

... !!..
, :
.

$3222 .
.
leverage

, , $120222 $1222
.
$1222 " used

. " margin

16

 $0222 " . " usable margin

.

$10222 $120222
= . $5222
$8222
$0222 ,
$1222 .
" "
,
.

.. .

17


Used and Usable margin

, , :

: used margin ,
.

: usable margin ,
.

$1222 . $0222
$1222 .

.
:
= /
: = $120222 12 ,
12 , :
= /
= $1222 = 12 / 120222
:
= $0222 = 1222 / 020222

, .
18

 = , $120222
$120222 ..
!!
:
= * /
,

:
= $120222 = 12
:
= * /
= $1222 = 12 / 120222 * 1
:
= * /
= $0222 = 12 / 120222 * 0
3
$3222 .
02
02
:
= * /
= $ 522 = 02 / 120222 * 1
$522 .

19


:
=
:
$3222 = $3222
$1222 , :
=
= $ 0222 = 1222 3222
.
, $0222 :
=
= $ 1222 = 0222 3222
.
:

..

20


.

.

.

.
.

.
:
: = * / .
: =
.
:
$120222 $1222
$0222 .
.. . $120222
.. $120222
.. !!..

.

.
21


.
..
,

$120222 $110222

. $100222

$120222 ,

$100222 .

$100222 ,
, $100222 $120222
$0222 ( ) $120222 - $100222
$3222 ( $5222 $0222 + ) .
.
,
!!..
$1222 , $0222 %011 ..
!!..

$120222 $9522 .
. $522
$9522

$9522 $522 ,
= $3222 ( $0522 $522 ) .
..
!!..
.
22

 !!
$9522 . $9222
$1222
. $0222
..
. $8222

.
!!..
!!..
..

= $0222 .
$8222
, $0222 .

$8222 $0222
$0222 ..

.
!!..
.
$8222

. Margin Call
.
23

.
.
$9222 ,
$1222 .
$8522
.

$8222
= $0222
- - .
= $7522 = $0522

$0522 - = $120222 - $7522
$0222 $522
.
: = ..

:
$8222
$0222 ( $8222 +

$0222 ) $1222 (
$3222 $0222 )
$0222 .
24


.
$1222 = $3222
$7222 .
$8222

$0111 .
.. !!..
. $8222
.
. Auto Close
..
..
.. .

. trading in margin basis

.
!!
..

,
.

25

 ,
order ,

022 !!..
..

26

 ,
.

Unit
. " " Lot
. lot
, .
.. ..
= .
Soy beans 5222 - Bushel
- = 5222
. 562 = 562 .
, .

Contract Size
.
= $120222
1 $120222 0
)120222 * 0 ( $020222 ..

Leverage

27

 ( )

:
= * /
( 1 ) $120222
$1222 .. :
= * /
= 12 = $1222 / $120222 * 1
1:12 $ 1 ,
$1222 $120222
: $120222 $1222

: = * /
= 42 = $1222 / $120222 * 4
42:1 $1222
$420222 4 .

.

Used Margin
,

..
.

:
= * /

28


.
= $120222 12

1 :

= * /
= $1222 = 12 / $120222 * 1
3 3 :
= , $3222 = 1222 / $120222 * 3 $3222 3
( 3 ) .
: 0 = $020222 = 02 02:1
0

: = * /
= $0222 = 02 / $020222 * 0 .
: 0 , 4
: = $4222 = 02 / 020222 * 4 .

Usable Margin
, .
,

$522 .

..

, .

, :

29

 =
,

,
.

,
.

,
, .
.
.
: $120222 12

, $3222
:

:
( 1) ,
:
= * /
= $1222 = 12 / $120222 * 1 $1222
=
= $0222 = $1222 - $3222 ,
.
= $100222
$0222
()120222 -100222
30

 ..
$9222 , $1222
.

$8222 , - =120222-8222 ( $0222

)0222 .

,
.

$8222
.
:
,
:
= * /
= $ 0222 = 12 / 120222 * 0 .
=
= $ 1222 = 0222 -3222 , .
$100222
)120222 * 0 ( $020222 $4222 (

$04222 $020222 ) .
.
.
$9522 .

31

 $19222 $1222

$1222 ,
.

, .

$8222
. $9522
,
.

:
( * ) ( * ) >= ( )
, :
.

.
,
.
, ..
.
!!
,

32

 ,
.

..

33

 .
.
: =
.. .
.
,

, .
,

, .
$120222 , $8222
$120222 $8222 . $0222
.. .

!!..

$120222
$8222
$120222 ,
$8222 .
34


. $0111
$010111 $0111 !!.. $0111
.

..
( ) .
$120222 $10222 .
.
$120222 $8222 .
: .
: .

.
, .
.
.
.
.
, .
" " Bullish " " Bearish
, Bull ,
Bear , .

35


bulls .

bears .

,
.

: $0222
. $3222

: $0222 $3222

$1222 ( . )

.
: 0 $0222
, $1222

: $0222 , $0222

$1222 . $1222 . $1222

..

.. ..

,
..
, $0222 $0222
.

36

 $1222

$1222 , $1222 .

, $3222
$3222 , $0222 $1222
.

.
,

. .
LONG SHORT .
LONG SHORT .


.
.
$1222 ,

. $3222

$120222
, .
1 = . $120222
$1222 , $0222
.

37

 , $9222
$1222 , $120222
.
..
.. . $10222
$0222 .
, $10222
$120222 $0222 .
= . $5222
:
=
= $0222 = 12222 -10222

= $120222

.
, $120222
.

$1222 .
.

$0222 , .
= . $11222
$1222 $120222

= $11222 , $1222
.
38

 .. ..
= , $8222
$8222 $0222 .
, $8222 $0222
= $5222
:
=
= $0222 = $8222 - $120222

39


:
:

Stocks
Commodities
Currencies
:

Stock market

.
, brokerage
,

.. .
,

,
.
,
, - -

:

,

!!..
40

 ,
...
,
.

.
CFD contract for difference
.

Commodities
( ) , :
: , , , ... .
: , , ... .
: , , , ... .
: , , ... .
,

, 16
. lot

" " 16 ,

41

 16 ..

.

, ,
.. .
,

..

.
( derivatives
futures ) options .

Currency market
!!..
..
( ) ,

, .
, .
42

 , .
.
,
.
..
.. !!..

.

, .
!!..

.

, : , ,
.

43

 ,
. supply and demand
,
.
:
, .
:

Exchange
)Over the counter (OTC


.

, .
, .
, .
- .

.

,
.
.

44


.
.
45

 " "
.
.
.
!!..
,
.


, ,
. Brokerage firms
.

, .

,

.

platform

download .

password .

46


..

,
. .

.
..
.
,

Currencies Trading
47

exchange

:
9 ( ) EST 4 .

4 11

.
,
04 .. ( ) !!..
10 ( 8 )

9 ( 5 ) ...

!!..

02 .
.. .
48

 12

12

.

.. .

,
.

, 04 ,
" " ,
.

High liquidity
,

,
,

.
liquidity
commodities .

Fair and Transparency

!!..

.
,

49

 ,
,
. .
" "

,
.

, .

" " .

.
.
.


,

.

,
, .

50

 derivatives

, .

!!..

.

pairs .
,
.

, .

.

.
!!..

, ,
, .

%01

, 8 %92
.
51

.
..

.

.. .. .

,

.
, ..

High Leverage
.

.

, .
52

 : 1:12 $1222 . $120222

1:02 $1222 . $020222
:
= / .
,
.
.
011 !!..
$0111 !!.. $0110111
.

, .

.

.. .

, .

05 0111 !! .
.

53

.
1947 " "

.
.
1972

,
,

.
,

, ( )

.
54


( ) .

..

.
,
,

.

,
, 0

!!..

.

.

.
!!..

, .

..

55

.
.. .

Currency rate
$120222 , $02
102 305 .

.
.
.. .
56

.
!!..
.
..
.
, .

, .

.
. Supply and Demand
.
.
.
: = 305 .
305 .
306 307
4 , .

.
57

.
.
..
= 305 305 .
= 4 .
.
.
= 305 305
= 3 .
, .
, .
.
.
.

.
.
!

58


.
..
.
..
.

!!.. Speculators

,
.
..
.
.
!!..
.
,
.

..
!!..
.

59


..
.
.
: =
.. .
.
,

, .
60

, .
$120222 , $8222

$120222 $8222 . $0222

.. .

!!..

$120222
$8222
$120222 ,
$8222 .

. $0111
$010111 $0111 !!.. $0111
.

..
( ) .
$120222 $10222 .
.
61

 $120222 $8222 .
: .
: .

.
, .
.
.
.
.
, .
" " Bullish " " Bearish
, Bull ,
Bear , .

bulls .

bears .

,
.

: $0222
. $3222

62

 : $0222 $3222

$1222 ( . )

.
: 0 $0222
, $1222

: $0222 , $0222

$1222 . $1222 . $1222

..

.. ..

,
..
, $0222 $0222
.
$1222

$1222 , $1222 .

, $3222
$3222 , $0222 $1222
.

.
,

. .
LONG SHORT .
63

 LONG SHORT .


.
.
$1222 ,

. $3222

$120222

, .
1 = . $120222

$1222 , $0222
.
, $9222

$1222 , $120222
.
..
.. . $10222
$0222 .
, $10222
$120222 $0222 .
= . $5222
:
=

64

= $0222 = 12222 -10222

= $120222
.
.
, $120222
.

$1222 .
.

$0222 , .
= . $11222
$1222 $120222
= $11222 , $1222
.

.. ..
= , $8222
$8222 $0222 .
, $8222 $0222
= $5222
:
=
= $0222 = $8222 - $120222

65


.
.

.
. OTC

.

platform

- - .

66

Majors
Symbol

symbol .
USD U.S dollar
CAD Canadian dollar
AUD Australian dollar
symbol .

: . EUR
: JPY . Japanese yen

67

 : GBP . Great Britain pound

: CHF . Confidralic Helevitica Franc
%82 .




.
pairs -

, . .
, .
, .
.
:
: !!


.

.
,

%82 .
68


,

!!..
.
.
.
.
.
:
EUR/USD
GBP/USD
USD/JPY
USD/CHF
. Majors

. USD/CAD
. AUD/USD
, .
.

.

69

 %01

Croses


: .
. EUR/GBP
. CHF/JPY
.
. CROSES
:
. EUR/GBP
. EUR/JPY
. EUR/CHF
. GBP/JPY

70

 . GBP/CHF
,
.

%59

RATES
..
.
.



: .
.
35 $120222 6522 .
305 .70 .
,
: .

71

 305 .
305 .
102 .
102 .
.
.
.
.90 . EUR / USD =.90
.90 ( 92 ) .
105 . GBP / USD = 1.5 :
105 .

72

 Base currency
:
.
GBP /USD = 1.5 :
105 105

USD / JPY = 120 :
102 102

Base currency
.
..
73

 GBP / USD = 1.5 :

( )

( ) (

) .

105 .
EUR / USD = .90 :
( )
( ) ( ) .

.90 .

USD / JPY = 120 :

( ) ( ) .

102 .
USD / CHF = 1.4 :
( )
( ) .

USD / JPY JPY / USD
: ,
.

USD /JPY = 120

102 .
= 102 .
74

 JPY /USD
( )
( ) .
= 102
1/120 = .008 .
JPY / USD : ( ) ( )
: .008 .
USD / JPY ( ) (
) :
102 .

.
102 .
$ .008 .

75


Direct and indirect currencies
,

EUR / USD : . GBP / USD

EUR/USD = .9000 :
= .9000 .
GBP/USD = 1.5000 :
= 105222 .
.

76


EUR/USD
GBP/USD
AUD/USD

.
USD/JPY : . USD /CHF
USD /JPY = 120 :

= 102 . .
USD/CHF = 1.4000 :
= 104222 .
.

USD/JPY
USD/CHF
USD/CAD

: !!..
77

 ,
.

!!
.
EUR/USD = .98
EUR/USD = 1

$.98 .
$1 .
, .
, .
GBP/USD = 1.3
GBP/USD = 1.5

.

78

 $103 $105

, .
.
: .
:
0
EUR/USD = 1 :
EUR/USD = 1.01 :

: .
0
EUR/USD = .95 :
EUR/USD = .90 :

: .
3
GBP/USD = 1.6
GBP/USD = 1.2 :
.
: .
2
79

 GBP/USD = 1.6
GBP/USD = 1.69 :

: .
.
..
USD/JPY = 125
USD/JPY = 120 :

105 .
102 .

.
.
USD/JPY = 125
USD/JPY = 130 :

:
.

:
80

0
USD/JPY = 126 :
USD/JPY = 128 :

:
.

0
USD/JPY = 127.8
USD/JPY = 127 :

:
.

3
USD/CHF = 1.42 :
USD/CHF = 1.40 :

: 1040 , 104
.

2
USD/CHF = 1.62
USD/CHF =1.78 :

: .
81

 .
.

.
.

.
.

, .
.

!!.

.. ..
.
, .

82



.
,
.

.
,
.

.
83


, .
, .
.
,

.
!!..

EUR/USD = .9892 :
( ) .
GBP/USD =1.5264 :
( ) .
USD/CHF = 1.4232 :
84

 ( ) .
USD/JPY = 125.26 :
( ) .
.0001
.01
. POINT OR PIP
: EUR/USD = .9825
EUR/USD = .9826 : .0001
. one pip
EUR/USD = .9825
EUR/USD = .9824 :
.

GBP/USD =1.5253
GBP/USD =1.5254 .0001
.
GBP/USD = 1.5252
.

USD/CHF = 1.4236
USD/CHF = 1.4235 : .0001
85

 .
USD/CHF = 1.4237 :
.

USD/JPY = 120.50
USD/JPY = 120.51 .01
.
USD/JPY = 120.49
.

.
,

.

:

.
= ( ) * 01111
86

 .
0
EUR /USD = .9850
EUR/USD = .9890

:
= ( ) * 12222
= ( 42 = 12222 * ) .9852 - .9892
42 ( . ) .
0
GBP/USD = 1.5289
GBP /USD = 1.5320

:
= ( ) * 12222
= ( 37- = 12222 * ) 105302 105089
37 ( . ) .

.
= (( ) * 0- * )01111
87

 .
0
USD/CHF = 1.4827
USD/CHF = 1.4785

:
= (( ) * 1- * )12222
= (( 40 = 1- * ) 12222 * )104807 - 104785
40 ( . ) .
0
USD/CHF = 1.3267
USD /CHF = 1.3102

:
= (( ) * 1- * )12222
= (( 165- = 1- * ) 12222* ) 103120 103067
165 ( . ) .

.
= (( ) * 0- * ) 011
88

 .
0
USD /JPY = 124.82
USD /JPY = 123.50

:
= (( ) * 1- * ) 122
= (( 130 = 1- * ) 122 * ) 104080 103052
130 .
0
USD/JPY = 126.03
USD/JPY = 125.27

:
= (( ) * 1- * ) 122
= (( 76- = 1- * ) 122 * ) 105007 106023
76 .
:
52
: !!..
.

89

 .

!!
!!

Contract size
.
.
.

. LOT
.
: LOT .
0 3 02 ...
, .

90

 ..
. contract size
0110111

1220222
, .
1220222
.
1220222 .

1220222 .

$1220222
$1220222 .
!!..
..

91

 PIP value
$12 ,

$12 ..

.
$15 1222 , . $5222

1222 = 052 , .
.
120222 = $0522
.

..

92



.
,

:
EUR /USD = .9850
EUR/USD = .9851 .
1222 .
1222 , $985 . $ 985
1222 .
EUR/USD = .9851
, 1222 $98501 .
=
= .1 = 985 98501 12
0111 01 .
52 5 52 ( . * .10 ) .
!!..
1220222 1222
1220222 $ 98522 .
1220222 .
. $98512
=

93

= $12 = 98522 98512

0110111 . $01
52 522 ( 52 * $12 ) .
..
,
.

1222 12 .
1220222 $12 .
, .
1220222
, .
.
,

1222
1220222 .
.
122.000 ,

: :
= . $01
= . $01
= $0 .
94

 = $6 .
.

Profit & Loss
, :
.
.
.
!!..
, ,
.
...
.. .
:
95

 = ()* * .
.
.
0
1 GBP/USD = 1.4926
GBP/USD = 1.5085

:
.
= ( ) * 12222
= ( 159 = 12222 * ) 104906 105285
159
:
= ()* * .
= $1592 = 12 * 159 * 1 = $12
= $0951
0
0 EUR/USD = .9762
EUR/USD = .9793

:

96

 .
= ( ) * 12222
= ( 31 = 12222 * ) .9760 - .9793
31 .

= ()* * .
= $602 = 12 * 31 * 0 = $12
601
3
3 USD/JPY = 123.08
USD /JPY = 123.62

:
.
= (( ) * 1- * ) 122
= ( 54- = 1- * ) 122 * ) 103028 103060
.

= ()* * .
= $1096 - = 8 * 54 - * 3 = $8
1096 .

97

2
4 USD/CHF = 1.4356
USD/CHF = 1.4500

:

= (( ) * 1- * ) 12222
= (( 144 = 1- * )12222 * )104522 104356
.

= ()* * .
= $3456 = 6 * 144 * 4
4 $3456
,
,
.

98


Standard & Mini account
.
1222 = 12 .
1220222 = . $12
1220222 .
= 1220222 :
= . $12
= . $12
= . $8
= . $6

99


. Standard account
= 0110111

1220222 , 0 0220222
.
$1220222 .
.
52 = , $522

0 .. $1222 .

01

311 .

52 $522

..

..
!!..
!!..
.

$0222 52 $522
, %05 .

, ,

!!..
, .
100

 . Mini account
.

= 0110111 , = 0110111 .
= 010111 , = 010111 .
120222 ,
1

1 $120222 .
.
= 120222 :

= . $0
= . $0
= $.80 01 .
= $ .60 61 .
.
.

:
0
0 USD/JPY = 125.23
USD/JPY = 124.60
.

:
101

 .
= (( ) * 1- * ) 122
= (( 63 = 1- * ) 122 * ) 105003 104062 ( ) .
:
= ()* * .
= $ 12208 = .82 * 63 * 0
= . $01100

0
3 GBP/USD = 1.5282
GBP /USD = 1.5332
.

:
.
= ( ) * 120222
= ( 52 - = 12222 * ) 105330 105080 ( )
:
= ()* * .
= - $152 = 1 * -52 * 3
. $152
. $1522

102

... .
,

.

.
..
,
..

1220222

120222

$522

$52

$1

$ 12

$1

$ 12

$ .8 82

$8

$ .65 65

$ 605

0224 122
122:1 022
NFA

103

 1222
122

Forex trading in margin basis
.
.


.
,

022 !!..

!!..
!!..

104

, =

, . $0111

0110111 .

EUR/USD = .9550
0 -

, 0110111

, . $911

EUR/USD = .9500 91

$59111 .

$0911 .

0 0110111 .

EUR/USD = .9550

0110111 . $95500

$59111 $911

EUR/USD = .9450 .

. $52911

. $0911
.

$59111 .
$911 .

$0911 $911

$0911 .

EUR/USD = .9350

$0911 .

$53911 . $59111

105

, margin call
.

.

.
= 1220222 $120222 .
$522
$0220222 1:022 1:12

$1222 . $120222

.
.
.
.
.
.

.
,

106

 .
.

0224 122 122:1 022
NFA

1222
122

,
.

Forex brokrage firms ,

.
.

107

platform
.
:

04
.
.

108

.

download ,

.
,

,

Mobile - PDA
- .

109

 Demo account
, Demo account

. .
.

,

,
.

.
:
: Standard account Real = 0110111
.

: Mini account Real =

010111 .

: Demo account
.

Price Motion

110

 simulator -

- Price Motion

simulator .

:
http://www.expertworx.com/pm/index.htm

111


,
.

...!!
!!..
!!..
.
..

022

:
:

. Commisions
. Spread
. Interest
112

 . Fees
.

Commisions

.
: $522 $02
, 0 $02 .

$322 $02
. $302 .
.
..
!!..
.
.
,
!!..
, !!
.

113

 Spread
.


:
:
:
: 3069 : 3091 :

3065 .
3052 .
3065 .
3052 .

.

3091 3069 .
114

 .15 = 3052 3056 : ,

.
. spread
.
.
: .
: EUR /USD = .9500-9505
, . $.9500
, . $.9505
$ .0005 .
ASK
BID
:

ASK
.9805
1.5240
123.30
1.4833

BID
.9800
1.5235
123.25
1.4828

EUR/USD
GBP/USD
USD/JPY
USD/CHF

()1

: .
: ASK $.9805 , $ .9805
: BID $ .9800 , . $ .9800

115

 : ASK .
: BID .
5 .
SPREAD = 5 POINTS :
1222 ( )1 $98205
1222 , $982
. $.5

.
,
.

:
0
:

ASK
.9805

BID
.9800

EUR/USD

62 EUR/USD = .9860

:
.
.9805 .
ASK ,
.

116

 1 .9805

:

ASK
.9875

BID
.9870

EUR/USD

(
) .9870
BID , ,
.

.9875 .
1 .9870 .
1 .9805 .9870 = 65 .
.
$652 $65

0
:

ASK
123.55

BID
123.50

USD/JPY

:
: ASK .
: BID .
.
117

 ( ) ( ) . BID
. 123.50
!!
:

. ASK
. BID
..
. BID
. ASK
.
:
: 3
:

ASK
1.4830

BID
1.4825

USD/CHF

52 ,
:
,

118

 BID ,
.
. 1.4825
: 2
:

ASK
1.5240

BID
1.5235

GBP/USD

82 ,
:
,

BID ,
. 1.5235
: 9
:

ASK
122.13

BID
122.08

USD/JPY

,
:
, .
.
ASK ,
.
100013

.
119

. SPREAD

SPREAD 5 4 8 .
SPREAD = 9 .
SPREAD .
,

120

 Rollover Interest or
.
1220222 $522

1220222
.

0110111 .
.

1220222 .

.
!!..
,
.. .

,

121

 1220222
.

04 .

$02 -$8

= 1220222 Standard = 120222

Mini $1 .

. .

.
: = 1220222
$12 .
$15 .

. .

.
9 EST 10

1 10
.

10 , 10

00 ,
10
.

122


.
.
:
= () * *
, :
= () * * ( * ) * .

.
10

0
0 USD /CHF = 1.4520
10 USD /CHF = 1.4580
= $6 = $12 .
:
.
= (( ) * 1- * ) 12222
= (( 62- = 1- * ) 12222 * ) 104502 104582 .
, 10 .

123

 = ( () * * ) ( () * * ) .
= ( $ 742 = ) $12 * 1 * 0 ( - ) 6* 62- * 0
$702 $12
10 , 10 ,

!!
0

3 GBP/USD = 1.5250
10 3 . GBP/USD = 1.5185
= $12 = $10
:
.
= ( ) * 12222
= ( 65 = 12222 * ) 105185 105052 .
, 10 .
= ( () * * ) ( () * * ) .
= ( $1878 = )10 * 0 * 3 ( ) 12 * 65 * 3
= $1952 $70 3 .
3
1 USD/JPY = 124.23
10 USD/JPY = 123.81
= $8 = $905 .
:

124

 .
= (( ) * 1- * )122
= (( 40 = 1-* ) 122 * ) 104003 103081 .
, 10 .
= ( () * * ) ( () * * ) .
= ( $336 = ) $905 * 2 * 1 ( ) 8 * 40 * 1

2
0 EUR/USD = .9850
10 EUR/USD = .9875

= $12 = $8 .
:

= ( ) * 12222
= (05 - = 12222 * ) 09875 - 09852
, 10 3

= ( () * * ) ( () * * ) .
= ( $548- = ) 8 * 3 * 0 ( ) 12 * 05- * 0
$522 0 10 ,
.

125


.
,
.

:
: 10 .

%92 , ,

: .

Spread
.

126


.

.

.

: . Open position
: . Close position
.
: 1 .
.
.
.
:
.
.
1 .
.
.
.
:
.
127

 :
.
.

128

 Enter and exit point

0 . GBP/USD = 1.5245
. GBP / USD =1.5280
1.5245 . 1.5280
1 USD/JPY = 123.52
. USD /JPY = 123.70
, 103050 . 103072
: Enter point .
: Exit point .
.
!!..
.
, .
,

129


profit &loss and floating profit &loss
.
.
: 1 .
12 .
$122 = . $12
12
= . $122
32 .
. $322
.
. Floating loss
.
.
, 82 72 , 62 ,
.
12 .
$122 12

= $122

52 .
$522 .

130

 .
. Floating profit
.
, 122 82 ,72 , .
.

131


.
.

122 5
, !!..

.
EUR / USD = .9800 122
EUR /USD =.9900 5 .
:
EUR /USD = .9800
EUR /USD = .9780 02

= $022 1 .

EUR /USD = .9845 45

= . $452
. EUR /USD = .9790 12
= . $122
EUR /USD = .9860 62 =
. $622
EUR /USD = .9815 = $152 . $622
EUR /USD = .9900 .

!!..
132

 !!..
!!!..

.

!!..

,
.

.
!!..
..
...
.. ..
!!..

Retracement or Correction
" ".

.
: 802 :
182 .
152 .
133

 042 .
102 .
52 .
022 .
002 .
802 .
.

. Retracement
.

.

Correction

!.

134

..
Standard account , Mini account

Universal
account

003 0 3

.
.. $0222
= . $0222
: .
:
. Balance
. Used margin
. Usable margin
. Equity

135

 : Balance
.

: Used margin

: standard $522
, $522
$0222 , $1522 0

$1222 $1222 .

.
:
= *

: Usable margin
.
:
=
1 $522
= $1522 = 522 0222
, $1522

Margin call .

: Equity
.

136

$12 , $12

.
Equity .
: 1 ,

02 $022
$0022

:
= +
= $5222
$522
.
= $9911 = 911 + 9111
$5522
$322
.
= $2011 = )311-( + 9111
$4722
.
Equity

.
137

138


Forecasting

122222 $522

,
..

$12 ( )
, 322-122

..
..
52 $522 ..
122 $1222 .. ..
, , ..


.. .. ..

139

 ..
!!..
.. !!..
, $12 ...

$01 !!..
52 $522
.
..
.
..
..

.
..
..
..
,

,
322-122 .
.
..
140


.. " " Trends
..

Technical analysis Fundamental analysis


:
Up word
Down word
Sideline

..
, .

..
.
,
,
.

:

141

 Technical analysis

.

Fundamental analysis

142

 Technical analysis

:
Prices move in Trends
,

.. ..
,

Trend

.
Trend
..

Trend .
History repeats it self
" " " " .
.
Trends exist until not broken
,
143

 .
!!..

.

.
( )1 ,
!.

()1

144

 ,
,
.

.

. download

.
.

145

 Time frame
:

. Hourly

. Daily

.

:
: 1 Minute .
: 15 Minute .
: Hourly .
: Daily .
: Weekly .
01 9 ..
.

146

 : .. Chart
. package software

.. hourly

..

..

..

..

..

..

,
" " .

147



:
Open price
Close price
High price
Low price


:
.
.
.
.

:




.. :
148

 Open price
.

Close price
.

High price
.

Low price
.

149



( )1

()1
.



.
()0

150

 ()0
..
()0
GBP/USD 1hour :
.
GBP/USD DAY :
USD/JPY WEEK :
USD/CHF 15MIN :
.
( )0
- .
.
.

151

152

,
.
3
:

Liner chart
Bars chart
Japanese candle stick chart

.



.

153

 Liner chart
.
()3

()3
.
( )
.
.
()4

154

 ()4
.
7/32 .

patterns
.

155

 Bar Chart
,

.
: , hourly

.

.
.
.
.
()5

156

 ()5

, daily

.

.
.
.
.
()6

157

 ()6
.
,

:
.

.. .
.
:
158

:0

( ) .
: 0 = .9759
, . = .9771 .

: 0 = .9747 = .9745
= .9759 = .09762

: 3 = .9740 =

.9739 = .9747 = .9752

: 0

159


.
: 0 ( ) ( ) = 1.6240
, = 1.6250

, ( ) = 1.5875
, = . 1.5860
: 0 = 1.6450 = 1.6555
= 1.6235 = . 1.6225

: 3 = 1.6675 = 1.6725
= 1.6450 = . 1.6440

160


Japanese candle sticks

.

:

.
,
:
: :
.
.
161

 .
.
()8

()8
( ) (
) .
: :
.
.
.
.

162

 ( ) (

) .
()9

()9

.
:
: 0

163

 .
: 0
= ( .9731 ) = .9730
, = ( .9752 )

, = .9757
.
: 0 , = .9719 = .9731
, = .9732 = .9717

: 3 ,
, = ( .9735 )

= ( .9719 ) , = .9736 =
. .9717

164

: 0

.
: 0 , = 1.5528

,
= 1.5526 = 1.5523

: 0 , = 1.5528
, = , 1.5532 = . 1.5526

:3 : = 1.5530 =

1.5528 = 1.5535 = . 1.5527

: 3
165

.
: 0 , , = 125.75
= 126.00 , = 126.10 = . 125.50

: 0 , = 124.40
, = 125.75

: 3 , = 124.40

, = , 124.30 = ( 125.00

. ) star

166

 ,

.
.


.

, ..

167

Base currency GBP/USD , EUR/USD :

USD/CHF , USD/JPY :

.



.

()12

()12
.
.

168

 ( ) (
)
.
.

.
.
(
) ( ) .
(
) ( ) .
, !!..
.
:
0

169

:
0 = 125.75 125.75 .
0 = 125.30
" " .

3 = 123.90

.
, .
0

170

 :
0 4 = 1.4865 1.4865

0 5 = 1.4930
" " , .

3 6 = 1.4950
.

.
,
.

171



.
.

.
.
.

,
.

172


Analysing Chart
,

.
, .

.


.

.
,

:
, .

.

:
Trend
Support and Resistance
Patterns
Over buy over sell
173


,
.

174

 Trend

.
:
, Up word .
, Down word .
, Side line .
,

, ,

.


.
trend line Drawing up
higher lows

.
.

175


, .
. higher lows


:

176


- -

.
,
.

.
:

177


.
. line Up trend
" :
" .

.. Braking trend line

.

()11

178

 ()11

.

.
()10

179

 ()10

()10

()10

180

 down trend line Drawing

lower

lows .

( )
:

:

. lower highs

.
:
181


- -

.
,
.

.
:

182


.
. line Down trend
" :
" .

trend has broken ()13

183

 ()13

( )

. ()14

184

 ()14

.

!!..

.
Long term trend .
Medium term trend .
Short term trend .

, " "

,
..

,
.

Trend is your friend

,

.. trend

.. .

.
( ,
) .
185

 ( ) .
.
trend
.
.

186

 Support and Resistance

.

: Resistance .


, ,
, - .

.
()15

()15

1.0030 .
187

1.0145 .
.

,
..

,
,

. strong resistance

.
: Support .

, " " ,

,

. strong support
()16

188

 ()16
.
.9905
,
.9780 .
.9700 .

,
.
,
.

,
.

189

 .
:

.
.

.
.
, :

: .
: .
resistance :

.

.
support :

.

.

190

 Patterns

,
,
.

.
:

Reversal patterns
.

:
Head & shoulders
: " "
" " " " "

" " "

" " " " " "

3 .
" " . line nick

191

 shoulder left
shoulder right Reversal
. pattern

Invert head & shoulders

:

192

 Double top
: " "
" " " "

.
:

193

 Double bottom

. . :

194

 Triple top

195

 Triple bottoms

196

 Continuation patterns
.

:
Triangle
:

.
.

197

 symmetrical triangle triangle ascending

triangle descending
Flag

.

198

liner chart

. .

.. .
199

. Patterns

200

 Indicators
,
, !!

.

.
, .
:
Moving average
.
.
: GBP/USD = 1.4000
12

12 .
.

01 01 01 .
12 12 12 122
122 . 122
.
12 . 12
201

 12 .
:

12 - -
.

12

12 .
.
Moving average

202

 Moving average

.

.
12 32 .
12
32 .

12 32 .

Crossover
12
32 .
.
.
:

203

 12 02


.

.

Crossover .
Crossover .
.

.

204

 signals

12 32
.. ,

52 122 022

06 022

hourly daily
12

12 daily

12 5 ( * 12 )
.
.

12
.
( 09 , 01 , 9 )

Moving average type

205


.
Simple moving average - SMA
( 02 )
()02

.
.
EMA- Exponential moving average
.
.

Weighted moving average - WMA

.
.
.

206


.
!!

. .
.

..

122 !!
.

MACD

Moving Average Convergence Divergence

EMA 06 10
.
06 10 .
207

 .
" " . MACD line
( bullish

10 06 )
. bearish

9 "

" signal line

.
.
.

208

 MACD MACD
.
.
1 2 1-
.

Crossover .
209

 .
:

Crossover .

.
.
.
:

210


.
.

.

.
..

! keep it simple
!
.
RSI .
.

Demo account
.

:
211

 Moving average
.
MACD

RSI
" " Momentum

.
2 . 122

72 Over bought ,
.

32 Over sold ,
.

.
15 02
over sold
.

. 02
period , 02 02
5 * 02 -

212

 RSI RSI .
RSI 72 over bought
RSI 32
.

213

 STOCHASTIC

d % k%
.

Stochastic .
%D %K .

%K %D
%K . %D
PARBOLIC SAR
.
.
.

214

 parabolic sar
.
- -

.
.
BOLLINGER BANDS
Volatility .

.

215

 Bollinger band .

.

AVERAGE TRUE RANGE

.
.

216

 high volatility

.
.

.

WILLIAM PERCENT RANGES

momentum over bought over sold
.
.

217

 william .
75- oversold -
- .

05- over bought .

.

, .

218

 Candle stick analyzing

,
Bars
.

Bears Bulls Supply

. Demand

patterns
.

.

,
.

.
.

:
" " . Doji star
219

bearish .
:

,
.

bullish .

220

:
Hammer
Hanging man
Haramy
Morning star
Evening star
Three soldiers
.
.

.
!

resistance RSI

over bought
.

.

!

.

221

 Fundamental analysis

, .
.

,


.
:
, ,
,
.

: EUR/USD = .9850 (

)EST ,
EUR/USD = .9700 ,

.
.
.

.

:
.

222

.. .
Calendar
,

. http://www.forexnews.com/

WAP
LAPTOP

, :
)Consumer Price Index ( CPI
. month to
month year to year
.

: %3 %005 ,
,

) . Month to Month (M/M

). Year to Year (y/y

)Producer Price Index (PPI
.

Retail sales index

223

Wholesale index
,

Balance deficit
, .
Trade balance
,
, .

Unemployment rate
,
.
Jobless claim
,

Consumer confidence index

, ,

Producer confidence index

,
.

)Gross domestic production ( GDP

224

.
Interest rate

,
.

.

,

Intervention
,

: USD/JPY = 118.00
= USD/JPY

, 120.00 .

225

,
.

.
: DJI 31 ,

:
FTSE 011 .
NIKKEI 091 .
NASDAQ 011
.

.
DJI
.

. NASDAQ
.
.
,

.
226

 .
: .


,

.
" : .. " .
.

..

Subscribe Newsletter
.

..
.

, :

,
227

, .

,
, .

, .

- 0 ) - (EST
.


.

- trend .
.
.

, .

.

.

228

 .. !!

.
!!..
.
.. ..
.. ..
.. ..
.. .
.
.
Keep it simple
.
!!
.

.

.
..
!! .

229

230

 Type of orders

.
..

, .
EUR/USD = .9000
..
.. . .
. Market order

Market Order
.
EUR/USD = .9000

EUR/USD = .9850 ..
.. .9850 .
,

Limit entry orders
231

 Limit Entry Order

,

.9850 :

.9850 .
.9850 .9850

platform
.
.

:
. Stop order
. Limit order

:
. Entry limit
. Entry stop
,

part time

232

Stop order
.
: EUR/USD = .9000 .

$12 $1

. $12

32 $322

62 $622 .
Stop order
.

.9000 , .9850
.9000 .9850
52 .

52 .9850 .

:

.9000 .9000

.9890 .9875 ,
!!..

.9850

,

233

 Always trade with stops : .

:
02 .. .. .
42 .. .. .

82 .. .. .
102 ..! .. . !!..
022 .. 42 !!

" " " "

.

.. 42

, 42

022 .

: ,
.9000 .9895 5

: !!..
.9000
..

.9890 .9895 5
234

5 .

.
.
!!..

!!..

: 32
.9000 .9870
.

stop

: 0
EUR/USD = .9850 stop
: .9850 stop .9810

42 .

: 0
GBP/USD = 1.6098
: 1.6098 stop 1.6143 45

235

 : 3
USD/JPY = 118.50
: 118.50 stop
119.00 119.00 .. , 52

: 2
USD/CHF = 1.4560
: 1.4560 , stop 1.4500
, 62 .

Stop order

.. stop .
.. stop .

.. stop .
.. stop .

Limit order

236

 .
: 82 .
82 , limit
order .

1.6000 82
, 1.6080 1.6080 ,
.

82 .

Strategy

,
limit order .

:
: 0
.9500
: limit order .9550
.9550 91 .

: 0
1.6230 .
: , . 1.6170
61 .
: 3
118.50 .
: , 118.00 52 ,
52 .

237

 : 2
1.4500 .
: , , 1.4620
72 .

order Limit

.
.

.
.

Stop order Limit order

:

Stop
Limit

238


Stop
Limit

Stop
Limit

239

Stop
Limit

, stop order Limit order

,

240

 ,
,
!!

!!.

, limit order . stop order

.

32 .
,

: 1.5500
1.5450 ..

1.5450 ,

,
.

,
.
, .

,
.

241

 .

EUR/USD = .9000 :
.9100
.
.
.
.

ENTRY ORDER LIMIT

:
0
EUR/USD = .9500 EUR/USD =.9450

:
: .9450 ,

EUR/USD =.9450 , .
order limit entry .

0
1.5560 1.5595

..

: 1.5595
1.5595 .

entry order limit .

242

 3
119.20 119.50 ..
: 119.50 119.50

, . 119.50
. entry order limit

.
2

USD/CHF = 1.4065 1.4020 ..

: , 1.4020

, 1.4020 . entry order limit

.

entry order limit

.
.

.
.

STOP ENTRY ORDER

243


0
EUR/USD = .9780 : .9810

: .9810 .9810

. .9810

. stop entry order

.
0
GBP/USD = 1.5500 : 1.5450

: 1.5450 1.5450
.
stop entry order .
3
USD/JPY = 121.30 : , 102092

102092

120.90

. stop entry order

.
2
USD/CHF = 1.4260 , 1.4300

: 104322 104322 -
- .
stop entry order .

244


stop entry order

.
.

.
.

!
!!
,
.

order Stop

Limit order .

,
.

245



:
!!
,

.
,

,excuted
.

Risk and trading

.
1220222 $522

,
..

246

 .
.
$12 ( ) .
$12 .
022-52
.

.
..
52 $522 .. .
.
.
..

!!..
, , !!..
$12 .

$01 !!..
52 $522 .
.
.
,
.
247

 !!..
,
.
.

.
.
.
%4 ..
%1222

!!..

%122 %4 .
%1222 .
.

.

:
.
.. .
.. .

248

 ..

High volatility

.
022-52 ,

.
.

.. ..
"" trends .
:
Technical analysis . Fundamental analysis
.
..
!!
,
.

.
forecast

!!..
.
.
249

 .

.
..
.. !!..

:

.
.

, .
rules Risk management

:
: .
: .
: .

250

.. !!..
Demo


.
,

.

.

! .. ,

,
, .

.. ,
.

.
,
.

251

.
.
.
,

.. ,
,

.
..
!!..
:

.

252

!!..

.

: .. ..

.

: 1 122 .
.

.
.. 122

122 .

!!..
1 $12

,
$1

!!..
253

 $52 $522 .

.

!
Standard account
.

!!
Mini account
!!

254

.

.

,
:
: .
255

 : % 009 0 .
: .
: .
: .
.

. alwayes trade with stops

stop order ,
.

.
.

. .
.
,

" :
"

" "

256

 Decipline
.

% 9
.

% 9 .

$120222
$522 %5 .
: 1 GBP/USD = 1.4500

. GBP/USD = 1.4450
$522 %5 .
0
GBP/USD = 1.4450 $122 0 1 12
% : GBP/USD = 1.4475 :
.
05

1.4475

:
( ) .

257

 $12 , $1
.
.
%5 .
.
0 %5 0 .
%5
.
32 .

.
12 ,
.

%5
.

Trend is your friend

.

258

up trend down trend side away

: .
.
. .

Uptrend .
Down trend .
.
trend ,

side away
.

, .

259


.
" "

.
: Fear . Greed
!!

.

. !

.


.
.

" " .
.
260

" " ,

! .
,
,
.

.
.
.

" ! "
!
.
.
.

.

.. .
.
261


.
.

,
.

262

 :
.
0222/5/06
:. .
-
:

:
( / / )

( ) Margin .1 :

( 12222 ) .0 . / ( 0222 )
( ) 12222 5

( ) % 02
.3 . /

( 35 )
.4 .
(0222
)
( 0222 ) ( 35 )

.5 . (12222

. .6 .
: .

.
.7
.

( 35 )

263


()( : ) .
:
)1 .
)0 .
)3 .
)4 .
:
.
.

.
,

10

.
,

:
: 10 ,

264

.
:

,
.

.
:


:

265

.



.

266

.
:
.
.

.
:

CFTC
Commodity Futures Trading Commission
.

National Futures
Assosiation NFA CFTC

NFA .
NFA

ID NFA

.
NFA
NFA
.
NFA

NFA ID .
.

267

 NFA
.
NFA :

/http://www.nfa.futures.org/basicnet
NFA
NFA CFTC NFA

Demo account
Support .

:

$522 $52 .
Spread
. 5
Majors .
4 5

268

5 .

Standard account :
= . $01
= . $01
= $6 .
= $0 .
Mini account :
= . $ 0
= . $ 0
= $ 106 .
= $ 100 .
,

Commissions

269

 .

Fees ,
$35
. .

$52 .
.

.
Chart package

.
Financial markets

,
. $022 -$42

.

.
.

.

,

270


.

.

!
..

!

.

.

: !
271

 .
.
.
.

Platform
.

Platform

.
Demo

,
Support .
,

.


.
.
272

 , ,
Moving average

.


.

.
, !
.

!
! Keep it simple
273


!.



.
!
,
.

..

.
.

274

 Resources

.

.

/http://www.nfa.futures.org
NFA
/http://www.nfa.futures.org/basicnet
NFA NFA ID
http://www.cftc.gov/cftc/cftcglan.htm
CFTC
http://www.cftc.gov/enf/enfforex.htm

CFTC

275

/http://www.newyork.bbb.org

/http://www.mgforex.com

, NFA

.
.

01100 $911

.

/http://www.cms-forex.com
NFA

platform
.
$011

http://www.fxcm.com/
276

 , NFA

/http://www.gcitrading.com

CFD
/http://www.ifxmarkets.com

CFD

/http://www.saxobank.com

277


/http://www.forex-ice.com
BANK COMMERCE

/http://www.refcofx.com

http://www.forexnews.com/
.
,
.

278

http://www.fxstreet.com/

/http://www.equis.com/Education/TAAZ
/http://stockcharts.com/education
http://www.incrediblecharts.com/index.htm
patterns
/http://www.chartpatterns.com
http://www.incrediblecharts.com/technical/chart_patterns.htm

http://www.incrediblecharts.com/technical/indicators.htm
http://www.equis.com/Education/TAAZ/?page=6

http://www.marketsonline.com/education/candlesticks.htm
/http://www.candlestickshop.com

/http://www.forexnews.com


279

/http://www.ny.frb.org
/http://www.global-view.com/beta
/http://www.intermoney.com
/http://www.quicken.com/glossary

Price Motion

http://www.expertworx.com/pm/index.htm

http://www.globalforex.com/books.htm
http://www.mgforex.com/resource/default.asp?loc=books
http://www.learnforex.com/links.html
http://www.forex-trc.com/books.htm
http://store.traders.com/chap14quicsc1.html

280

281