Learn With The Blokes
Our educational partner, Bizintra, have given us a glimpse into their great trading education. They offer education for all levels of traders - live trade rooms, forums for students and trading signals. Our new partnership means that they’ve given us a little sneak peak into that world. Below, we’ve got their trading Bootcamp which is for complete beginners. If you want some viewing material to start yourself off this is a great place to start. If you wish to go on and learn their strategies, you can do so at the bottom of the page.
When we get asked about what markets should you trade, the first answer is, well, where are you trading from? The global markets operate through different sessions, the US Session, the European Session and the Asian Session. We explain the differences between trading during these sessions.
Correlation is an important concept for traders as it allows you to understand some factors that impact more than one market. A price rise in one market can mean a price drop in another and this comes down to the degree of correlation between the markets.
There are many ways in which you can place a trade. The first thing you need to do is set up your order. Before you do that, you will need to understand the differences between the types of orders that you can place. This video outlines those differences.
When you look at the markets, you are watching the ebb and flow of buyers and sellers. The price of an asset changes by the second and when you look at a chart you see the price action in the market. We introduce the basic idea of price action in the marketplace.
When you put a trade on, you have to select the size of the trade that you want. Your trade volume is how you do that. If you had a million-dollar trading account, your trade volume would be larger than if you had a $10,000 account. You set this up before you put the trade on.
Support & Resistance
Support and resistance are where we see repeated price movements at certain price levels. These levels are significant when analysing a given market as they are seen as opportune areas to enter into trades.
In a market, you have buyers and sellers and in financial markets we use brokers to bring them together. The spread is the difference between these buyers and sellers and depending on the market, this can be wide or narrow. This is how the brokers generate their income in the financial markets.
TRY BIZINTRA EDUCATION FOR FREE???
Bizintra enables students to take their courses through sponsored places. It is a great way to test their strategies, enjoy their trade rooms and make the most of their expert traders because it doesn’t cost anything. Just set up an account with one of their recommended brokers. Click below to enrol.