Learn to Trade

Are you tired of endless online tutorials and courses that promise the world so far as learning to trade but always fail to deliver? Would you like to learn to trade the way the most profitable traders do? Then we’re here to make a firm commitment to you. Nirav and the team at G7FX are here to teach any budding trader exactly what they need to know to trade successfully. You’ll progress through two courses where you’ll learn everything you’d learn in your first few months at a top institution.  Forget about those unscrupulous educators who only wish to hold you back while making themselves richer. Forget about those videos on YouTube that only lead you round in circles. No experience is necessary – all you need is the right attitude, an internet connection, and spare time. You’ll even receive a couple of expensive analytics tools, including in the course price! So, what are you waiting for? Learn to trade today! 

Do You Want to Learn to Trade?  

Are you interested in learning how to trade? If you are but have been left feeling jaded by the unscrupulous educators and misleading information out there, you’re not alone. There are many individuals finding themselves in the same situation, which is why they turned to G7FX. Here at G7FX, we teach you everything you’d learn working for a top-flight trading institution. We hold back nothing, equipping you with the skills, tools, and knowledge you need to trade profitably. 

Can You Actually Make Money with Forex Trading?  

It is very possible to make money with Forex trading though it’s worth noting that trading Forex might sound simple, but it’s actually quite difficult. Using a simple, risk-controlled strategy, you can obtain a decent win rate, earning more winners than you lose on losing trades. You can attain returns as high as north of 20% per month though you shouldn’t expect this much. That being said, with the right conditions, a decent day trader can easily earn between 5 and 15% per month. 

Contact Us

To get in touch regarding our learn to trade educational services, email nv@g7fx.com to arrange a call outside of market hours.

    Why Trade Forex?  

    This is a question we often get asked, and the simple answer is this – the volatility of Forex markets makes it an appealing market to trade. Not only that, but the extended trading hours compared to other markets, such as stocks and indices, means it’s a lot easier to fit trading around your lifestyle. There are several other benefits to trading Forex, such as the ability to seize Forex volatility, trade around the clock, capitalise on high liquidity, and make your money go further with leverage.  

    Can Anyone Learn Forex Trading?  

    Absolutely! While Forex trading can be difficult to learn and master, it’s not impossible. Best of all is that you don’t even need a fancy degree or a solid financial background to get started. All you need is a keen interest, the right attitude, some free time, and the money to pay for the courses. Learning with G7FX is super easy as we assume no experience and teach you everything you need to know to succeed and be profitable. 

    An Introduction to Forex Trading  

    Let us explain what Forex trading is. Forex trading is, in a nutshell, a process in which a single currency is converted into another. The standard procedure in Forex trading is to trade a currency pair – you’re selling one currency while at the same time buying another. Every currency is listed with a three-letter code that signifies the region and the currency itself (e.g. US dollars (USD) or Japanese yen (JPY). With this trade, you would be buying the USD while selling the JPY. 

    A Quick History on Forex  

    Forex is hardly a new concept; in fact, the earliest origins can be traced back to the Babylonians. In the early days, barter was a common practice, trading one material item for another. Later, gold and silver became the tool of transaction. This led to the Gold Standard. This meant that governments would redeem any amount of paper money for its value in gold as gold itself was heavy to carry about. Around the early 20th Century, the use of gold became restricted, and the value of money diminished. 

    This led to a panic as many wanted to exchange their money for gold. The Gold Standard was removed in 1931 because of this, and the Forex market was created. The Forex market offers more monetary stability and reliability. It was set up in such a way and had certain restrictions in place to prevent destabilising the money crisis.  

    What Exactly is Forex Trading?  

    As stated above, Forex trading is the process of taking a single currency and converting it into another. Currencies are traded in pairs, usually one of the following four categories: 

    • Major Pairs – these seven currencies comprise around 80% of all Forex trading and include EUR/USD, USD/JPY, GBP/USD, and USD/CHF 
    • Minor Pairs – these pairs aren’t traded as often and are often comprised of major currencies trading against each other instead of USD (EUR/GBP, EUR/CHF, and GBP/JPY) 
    • Exotics Pairs – an exotics pair is a major currency put up against a currency from a small or emerging economy (USD/ PLN, GBP/ MXN, EUR/CZK, etc.) 
    • Regional Pairs – these are currency pairs classified by region, for example, Scandinavia and Australasia. 

     Types of Forex Trading Strategies  

    We touched on the idea of strategies above and how they can play a huge role in you being a successful day trader, so what are these strategies, and how do they work? The strategies are as follows: 

    • Scalping 
    • Day Trading 
    • Swing Trading 
    • Position Trading 

    As to how they work, we’ve touched on this below, and if you have questions, don’t hesitate to get in touch with G7FX. 

     Scalping  

    When learning how to trade with G7FX, you’ll be taught various strategies, starting with scalping. If you’ve ever purchased concert tickets before, you’ll likely have heard of scalping. In trading terms, scalping is where traders profit from small price changes and quickly reselling. Scalping carries high risk as a sizeable loss can easily wipe out any small gains made by the trader. For that reason, traders engaged in scalping must have a good exit strategy in mind. 

    Day Trading  

    The whole point of day trading is that securities are purchased and sold within a single trading day. This is one of the most common types of trading that occurs in Forex and stock markets. The process is rather simple and involves using high amounts of leverage and short-term trading strategies to capitalise on small price movements, usually occurring within liquid stocks and currencies. To learn how to day trade effectively, you’d either need to work for a top-flight firm or enrol in our courses. 

    Position Trading  

    Position trading is a strategy whereby a trader purchases and holds until a trend peaks. As with swing trading, this strategy is heavily reliant on technical analysis. It also relies on fundamental analysis and, sometimes, a combination of the two to inform decision making. Generally speaking, position trades don’t take very long to complete, though buy-and-hold investors buy for the long-term. 

    Is Forex Trading Profitable?

    With Forex trading, the size of your trades can actually be a lot larger than your deposit, meaning you can trade more than you have. This can lead to high profits, but it all depends on your trading strategy, understanding of the market, and the risks you are willing to take.

    Important Terms to Know in Forex Trading  

    There are many important terms to be aware of when it comes to Forex trading. To the layman, many of these terms might seem foreign and meaningless, but to the savvy trader, they can provide a lot of contexts. You’ll pick up these terms as you learn to trade with G7FX. We’ll ensure you understand each of these terms and precisely what they mean and why they are important. For a brief introduction of these terms, see below. The terms are as follows: 

    • Cross Rate 
    • Exchange Rate 
    • Pip 
    • Leverage 
    • Margin 
    • Spread 

     

    Cross Rate  

    In situations involving a currency pair in which neither is the USD, Forex traders use the term cross rate as a reference to price quotes between the pair. In virtually all transactions on the Forex market, major currency pairs are being traded. A major pair is where at least one of the currencies is the USD. So, if you ever see that, say, USD/CAD is quoted at 1.24, that means that currently, a single US dollar is worth the same as 1.24 Canadian dollars. 

    Exchange Rate  

    In the retail currency exchange market, there exist different buying and selling rates – this is referred to as the exchange rate. As we’ve mentioned above, trading in the Forex market involves swapping currency pairs, e.g., GBP/USD. Traders will often attempt to predict fluctuations in the exchange rate between the two currencies. In doing so, they’ll attempt to anticipate when to buy and when to sell. For instance, if US dollars are set to strengthen against the pound, a trader will buy dollars and ditch their pounds. 

    Pip  

    A Forex pip is often used to reference a movement in the fourth decimal place of a currency pair – that’s because they are used as a unit of measurement for movement in a Forex pair. An example would be GBP/USD moving from $1.45262 to $1.45372; in this instance, it has moved by a single pip. Decimal places displayed after the pip are referred to as micro pips or pipettes; these signify a fraction of a pip. There is an exception to this rule which we’ll cover during our courses. 

    Leverage  

    Leverage permits a trader to increase exposure to a financial market without needing to put forward as much capital. This is an important benefit of Spot Forex. The beauty of trading with leverage is that there’s no need to pay the full value of your trade upfront. All that’s need is a small deposit, referred to as a margin (more on this below). Upon closing a leveraged position, the full size of the trade determines your profit or loss. Leverage can magnify your profits, but it can also amplify your losses, including your initial deposit. 

    Margin  

    We mentioned margins abovethis is a critical component of leveraged trading. The term margin is used to describe the small deposit you put forward to open and maintain a leveraged position. Your margin requirement when trading Forex will alter depending on how big the trade size is and the broker you’re using. A percentage of the full position is used to express the margin. 

    Spread  

    In Forex trading, you have the listed difference between the purchase and sale prices quoted for a currency pair; this is referred to as the spread. The spread is measured in pips, so if the purchase price for EUR/USD was 1.7645 and the sale price was 1.7649, this would equate to a spread of four pips. You’ll need to trade at the purchase price, slightly above the market price, if you wish to open a long position. Conversely, you trade at the sale price, slightly below the market price, for short positions. 

    More Trading Terms  

    The above are the main terms to be aware of, but they aren’t the only terms you’ll hear while trading Forex. We’ve defined a few more terms to be on the lookout for below. These are: 

    • Buying and Selling 
    • Long vs Short 
    • Order Types 
    • Trailing Stop 

     Buying and Selling  

    In Forex trading, buying a position is where you purchase a market asset. Closing a position or selling is where you sell that asset back to the market. Buyers, commonly referred to as Bulls, purchase an asset believing its value will increase. Sellers, commonly referred to as Bears, will sell an asset if they believe its value is about to fall. You’ll normally be presented with two prices when opening a position. 

    You can either open a long position and choose to trade at the buy price or a short position and choose to trade at the sell price. As we discussed above, the difference between the buy and sell price is referred to as the spread. 

    Long vs Short  

    If you expect the price of an asset to increase, you will normally opt for a long position with the intention of selling it later for a profit. This is commonly known as buying or going long. 

    Conversely, if you’re looking to capitalise on markets that are dropping in price, you’d opt for a short position. A short trade is where you sell a borrowed asset, hoping that its price will fall. You would then buy it back for a profit. This is known as shorting, going short or short selling. 

    Order Types  

    There are many common order types to be aware of, such as limit orders, stop-loss orders, and market orders. Market orders involving buying and selling a security immediately. Buy limit orders are restricted in that they can only be carried out at the limit price or lower. Sell limit orders are carried out at the limit price or higher. A stop-loss order is where an order is given to buy or sell a stock as soon as it reaches a specified price (stop price). At which time, it becomes a market order. 

    Trailing Stop  

    When the stop price is set at a fixed amount that sits below the market price with an attached “trailing” amount, this is referred to as a trailing stop. The stop price then increases by the trail amount as the market price increases. If the stock price drops, the stop-loss price doesn’t change. In such circumstances, a market order is submitted once the stop price is reached. 

    Why Learn to Trade with G7FX?  

    You should choose to learn with G7FX because we provide truly comprehensive courses that teach you everything you need to know to be profitable. Our courses are led by Nirav, the only trading educator in the world with a proven institutional background and the evidence to prove it. We’re not affiliated with any brokers, so we’re incentivised to help you succeed. Both our Foundation and Pro courses are available for a single, affordable payment, and this includes FREE analytics tools. 

    If you would like to find out more, get in touch with G7FX using the email address below. 

    Get in Touch with G7FX Today  

    Now that you’ve had a chance to read through the above information, it should be beyond clear just who to call to learn how to trade – G7FX. Most educators out there only wish to further their success at your expense, so don’t let them. If you truly wish to learn to trade, Nirav will teach you everything you would learn in your first few months working at a top trading firm. The difference is that you’ll trade with a simulator – no real money – making the learning curve that much easier. 

    Our goal is to help you become a profitable trader. Remember that Nirav is the only trading educator in the world with a proven background working for financial institutions. And he has the verified/ audited records to back this claim up, all easily accessible by anyone with an internet connection. To get in touch, email nv@g7fx.com to arrange a call outside of market hours.