Forex Trading for Beginners: Step-by-Step Guide & Transcript

[00:04] We have already created a lot of content on crypto trading. Today we will talk about Forex trading. As you know, the crypto market even got their accounts washed out. Bad conditions are prevailing and only those people would have been washed out

[00:19] trading. That's why I have always been telling and teaching you about spot trading. Those who have done spot trading, their prices and their capital would definitely have reduced significantly but the loss will happen only when they sell. If they do

[00:33] not lose patience then Insha Allah these prices will bounce back also. Sir, the condition of crypto is bad at this time. So should we turn to Forex? You should trading should also know forex trading. And anyone who is not combining Forex with crypto is

[00:47] And anyone who is not combining Forex with crypto is Especially, those people who have less capital can also work on Forex because here you will find many brokers who provide leverage without interest. There

[00:59] who provide leverage without interest. There How to create an account brother? The link is available in the description. Go watch the video and create an account. Today's video is not about creating an account. You have

[01:12] created the account. Now the next question will be, Sir, how to trade on this? Look brother, there are two ways. First of all, many people say that it may take 3 4 5 6 months to learn Sir. We have to earn something from day one. So brother, we also have its version. There's a

[01:25] link to our community in the description. You can access that premium community free of cost. Yes , you can join free of cost. Where we give you Forex signals. Let me tell you that you should buy this thing. But now the problem arises here

[01:39] that it is free but we have put a small filter on it. The filter is that brother, if we open it for everyone then there will be a rush there and the serious people who want to learn and trade, those poor guys will

[01:53] suffer the most losses. So what did we do to solve it now? We said brother, you want to do forest trading. It is also taught there. You are also given signals there. But we put a condition that brother, we will keep only that person

[02:05] in that premium group who has at least $100. Now you will say that Sir, just now you were saying that this is free of cost. Where did the $100 come from? Brother, we won't take even $1 from you. You have to create an account using the link given in the description and

[02:17] deposit $100 in it. Done it. After that, you have to go to the screenshot which WhatsApp the number and tell that Sir, we have also signed up the account with your reference. $ was also deposited. Now the next thing is you will get

[02:31] access to the premium community. Now whatever signal comes there, what do you have to do with it simply told to buy gold at this price. So buy it at the price that is being told to you. It is So buy it at the price that is being told to you. It is

[02:45] tell you one thing here as a disclaimer. Brother, we do not give any financial advice. ourselves are also following. So we are working for ourselves, if you also want to sir, we want to copy trade you. Brother, first of all I do

[02:59] I am learning myself. Now, the links of those people whom I follow and learn from and whose in the description. My link is not attached. You have to follow their link. You will learn there and apart from this, with the signals coming there, you will

[03:13] also start earning from day one, Insha Allah. Now many people will say that Sir, we have created the account but we do not know how to make the deposit. So let's go to the how to make your first deposit and then how to open and close your trade.

[03:27] team there will also guide you. But let me also guide you a little. Let's towards the screen. But if you have So we're back on the screen. The first thing you have to do here is

[03:41] it asks you whether you want to open a standard account, standard cent, pro, rawpad, zero. So brother, if you are a complete beginner then start from standard , click on continue. It

[03:53] will ask MT5, MT4 or XNS, so here you have to select XNS only. After that the You should reduce this a little. As much as it depends on you. You can do 1 or you can do 1000. Well, here I am doing this just to explain it to you.

[04:09] For example, you can take gold trading. Ok? You gave it a name. Simply saved it here and created an account. Now this account has been soon as you click, you will see that zero zero is written here. Now

[04:25] we have to do the first thing. Deposit has to be made inside this. Click on Simple Deposit. As soon as we click on deposit, it is going to give us many options. As soon as we click on this, now the payment method is okay here? See All Payment

[04:37] are so many options here. You can also do it from a local bank in Pakistan. There are also plenty of options to withdraw cash from Binance Pay using bank cards. But since a lot of So I would recommend you to do it through Binance Pay. Simple, we

[04:53] selected Binance Pay. Here you have your Binance user ID. Ok? The amount you pay here is for example 100. But I would recommend you not to do it 100%. Make it 105. Sometimes some deductions etc. also take place. We click on continue

[05:06] and simply click on continue from here. Although charges are not deducted, still you should add $5 more as a precaution, brother. It won't make any difference. ok sir. And this will take me then over to Binance. And this brings me to

[05:19] Binance. Here I will simply confirm. And let's see this. This is how I got my face recognized using the pass key. And this is what became of the Let's See transaction after that. And it will also tell us that your money has been deposited.

[05:33] So, you have to sign up for an account using the link given in the description and make a deposit using the same method shown here. The deposits must have been made now. There deposits must have been made now. There

[05:45] and see if we have received a deposit. Yes. So here you can see we have $105 in our gold trading account. Now the deposit is done. Now we have to trade. The simple way to trade is to

[05:58] click on Trade. You may want to pay XAU i.e. Gold slash USD make sure it is slash USD because it will be spot forex. If you click on this, there are many more options

[06:10] available here. So you have to stay on top of it. This chart is present here and below you have buy and sell options. When to buy , when to sell. Obviously, you will have to learn this thing. So while your learning journey is going on, if you

[06:24] want to make money at the same time, then the simple way is that you have to come on Discord. Now here we are, over at Discord. Here you can see how many options are available here. Here is frex xns premium. You will click on this but it will

[06:37] not be shown to you. Shown when you have created an account through our referral and deposited $. Ok? If you do n't want to work on XNS, no problem. Do it on XM brother. Same method is there also. Now see, if we come to Forex, all

[06:51] for example, let us catch any one signal. Buy Gold signal is available here. He is saying that you have to buy between 4061 and 4072.

[07:05] you have to take profit at 4080. Have to do it on 4085 also. Now this is an old signal. Obviously it must have expired. Recently GPY has come. thing to keep in mind is that if the signal time has

[07:18] passed then you should not follow it. We have to wait for the next signal to arrive. Now let me tell you how to implement the signal. Yes. For example, you get a signal that you have to buy whatever is the current price at this time.

[07:31] What would you do simply? You will click on Buy and swipe it upwards so that you get the option. A time signal is something that tells you about a limit order and that you have to buy when the price goes here. So for that you can do buy limit.

[07:43] whatever went there. For example, they are saying that if your price comes down to Rs 4000 then you should buy it. So here you write 4000 for example and we will confirm it by limit order. So this order will not be executed now.

[07:57] When it executes the price will be $4000 per gold. Below that there are take profit and stop loss options. Coming back to market orders, let me give you a demo. One thing to keep in mind is that if you are a beginner and starting with $, then try

[08:13] not to keep your lot size more than 0.01. Well, these things will guide you there in the group as well. If you are new, ask them. Please tell in the group that brother, I am doing it for the first time. Please guide me. They will guide you with how many lots to play.

[08:26] By the way, let me tell you, if you want to trade gold then you should have at least $500 for that. Then you can earn money for fun. But you can start with $. You can gain experience. After that, one thing has to be kept in mind that the stop loss which will be mentioned there must be kept.

[08:39] thing has to be kept in mind that the stop loss which will be mentioned there must be kept. Trading without stop loss is like you have a lot of money and you have invested it to waste it. So brother, stop loss is a must. These markets

[08:53] became Forex, crypto. You don't know when a news is going to come and where the market is going to go. So those who trade without stop loss, brother, they do not do good to themselves. No matter how great a guru you are, brother, if you are not using stop loss,

[09:06] just remember what I am saying. Ok? Stop Loss Stop loss is a must. You have $. You are also trading small lots. You are also trading $10. So brother, this means you can do 10 trades. For example, your

[09:21] stop loss is $10. Whatever you write here. For example, let us try writing it here. For example, if the current price at this time is 4090, then our current price is 4090. ok sir. And we think that if its

[09:35] price comes to Rs 4085, then I think it will be too much. Sorry, I wrote this in the TP. You have to come down. Let's make it 4088. So I my trade will be closed. Now how much loss am I incurring after closing? $4 okay

[09:51] ? How much? 4.12 You have to see and always remember that good teachers tell you that friend, you have to keep your risk factor between 1 to 2%. you have to keep your risk factor between 1 to 2%. Meaning if it is $ then you lose up to $1-$2

[10:05] in one trade. Don't do more than this. If you are a beginner, if I have to reduce it, it means I will make it 189. This will come down further. I will make it 189.5. This will go down further. But now since the price is fluctuating backwards,

[10:20] down, I won't lose much more than this. whether you are following signals is risk management. If you know risk management, you will learn it with time and by facing hardships.

[10:33] Because no matter how many teachers teach you, you will not incur any loss until you do not gain wisdom. It is our nature that even if you have done the most expensive course, you will not create any trouble until you yourself will say, Sir, it seems

[10:48] talking about risk management, what is risk management, look, I will what is risk management, look, I will a shock and your account will become zero. Okay, you will say, friend, I had just deposited $1,

[11:02] where did it disappear, so brother, stop loss is a must. Ok? This is the gist of today's video. You saw how to deposit, how to open a trade. show you. From here I confirmed bye. So at this time let us see this price here. Yes, let me go

[11:17] bye. So at this time let us see this price here. Yes, let me go And this is our order is not placed. Why was the order not placed? Because of the stop loss value we had set. There is another way to set a good stop loss.

[11:31] place its stop loss, you can see TP and SL written here. Ok? I will go to simple SL and I can also hold it and slide it. I slid and confirmed from here, so my order has been placed. 0.52 is my stop loss.

[11:45] Meaning, if my stop loss is hit and the price reaches 4086, how much loss will I incur? Of 0.52. And look, the stop loss was also hit. Because I trade got closed and my balance became 104.3 on top. So your focus should be

[12:01] on saving your capital. It doesn't matter if the profit is not that big in the beginning. you suffer a big loss, you will become demotivated. Then you will not feel like trading. After that we blame that this work is not right. It's not like that. The work is correct. People are

[12:16] earning. Earning well. You can also earn. There are just a few precautions. You have to do that. Hope you understand things. The video has become long. Inshallah I will meet you. Take great care of yourself in the next video.

[12:28] great care of yourself in the next video.