Terminology

"Introduction to Forex" provides a foundational understanding of the foreign exchange market, covering how currency pairs are traded, market participants, and basic concepts. It equips beginners with essential knowledge to start trading and navigating the Forex market.

What is Forex Trading?

What is Forex Trading - Quiz

How are Currency Traded?

How are Currency's Traded - Quiz

What Are Currency Pairs?

What Are Currency Pairs - Quiz

How are Currency Pairs Quoted

How are Currency Pairs Quoted - Quiz

What are Majors Minors and Exotics

What are Majors, Minors and Exotics - Quiz

What are Indicies and Commodities

What are Indices and Commodities - Quiz

What is the Best/Worst times to Trade?

What are the best/worst times to trade - Quiz

What are the 3 Market Movements

What are the 3 Market Movements - Quiz

Important acronyms to know

Important Acronyms to know - Quiz

Risks of Forex

Risks of Forex - Quiz

Introduction to Forex

A Forex Fundamentals Course is designed to equip learners with a comprehensive understanding of the foundational aspects of the foreign exchange (Forex) market.

"Forex Fundamentals" teaches the basics of currency trading and key economic influences to help you trade in the Forex market.

What are pips, lots and spreads

What are Pips, Lots and Spreads - Quiz

What is Leverage?

What is Leverage - Quiz

Order Types

Order Types - Quiz

What is a Stop Loss?

What is a Stop Loss - Quiz

Money & Account Management

Money & Account Management - Quiz

What Timeframes Should You Trade On?

What timeframes should you trade - Quiz

What is Trading View?

What is Trading View - Quiz

How to Calculate your Position Size?

How to calculate your position size - Quiz

What is MT4 or MT5?

Using MT4/5 - Quiz

What is Overleveraging?

Over-leveraging - Quiz

Fundamental Analysis Trader

Fundamental Analysis Trader - Quiz

Technical Analysis Trader

Technical Analysis Trader - Quiz

Scalper

Scalper - Quiz

Intraday Trader

Intraday Trader - Quiz

Swing Trader

Swing Trader - Quiz

Forex Fundamentals

A Characteristics of Candlesticks Course is focused on teaching traders how to interpret candlestick chart patterns, a vital tool in technical analysis. 

"Characteristics of Candlesticks" explains how to read and interpret candlestick chart patterns for trading.

Introduction To Candlesticks

Introduction to Candlestick Characteristics - Quiz

Bullish Engulfing Candlestick Pattern

Bearish Engulfing Candlestick Pattern

Hammer Candlestick Pattern

Shooting Star Candlestick Pattern

Bullish & Bearish Harami Candlestick Patterns

Bullish Pinbar Candlestick Pattern

Bearish Pinbar Candlestick Pattern

Bullish Spinning Top Candlestick

Bearish Spinning Top Candlestick

Inverted Hammer Candlestick Pattern

Hanging Man Candlestick Pattern

Doji, Dragonfly Doji, Gravestone Doji Candlestick

Piercing Line Candlestick Pattern

Dark Cloud Cover Candlestick Pattern

Morning And Evening Star Candlestick Pattern

3 White Soldiers Candlestick Pattern

 3 Black Crows Candlestick Pattern

Characteristics of Candlesticks

A Support and Resistance / Chart Patterns Course teaches traders how to identify and interpret key technical analysis concepts. It covers the formation and significance of support and resistance levels and explores various chart patterns like head and shoulders, double tops and bottoms, and triangles. The course equips participants with the skills to use these patterns to predict market movements and make informed trading decisions through real-world examples and practical exercises.

"Support and Resistance / Chart Patterns" teaches how to identify key price levels and chart formations to predict market movements.

Support And Resistance

Bullish Uptrend

Bearish Downtrend

 Bullish Flag Pattern

Bearish Flag Pattern

Ascending Triangle Pattern

Descending Triangle Pattern

Symmetrical Triangle Pattern

Bullish Pennant Pattern

Bearish Pennant Pattern

Double Top – M Pattern

Double Bottom – W Pattern

Rising Wedge Pattern

Falling Wedge Pattern

Head And Shoulders Pattern

Inverse Head And Shoulder Pattern

Support and Resistance / Chart Patterns

A Technical Indicators Course provides a concise understanding of various indicators used in technical analysis, such as moving averages, RSI, and MACD. It teaches traders how to apply these tools to analyze market trends, identify opportunities, and make informed trading decisions.

"Trading Technical Indicators" demonstrates how to use diverse tools for technical analysis to make informed trading decisions based on market trends.

Simple Moving Average – SMA

Exponential Moving Average – EMA

Volume Weighted Average Price – VWAP

Bollinger Bands Indicator

Fibonacci Retracements

Relative Strength Index (RSI)

The Stochastic Oscillator Indicator

Technical Indicators

A Sniper Strategies Course focuses on precision and accuracy in trading, teaching participants how to wait patiently for high-probability trading opportunities before executing trades swiftly and decisively. It emphasizes the importance of discipline, strategic planning, and precise execution to achieve successful trading outcomes.

Forex trading strategies" are the tactics traders use to analyze, manage risk, and make profitable trades in the currency markets

Moving Average Strategy – Golden Cross & Death Cross

Fibonacci Retracement – Swing High-Low-Swing Low-High

RSI Bearish Bullish Divergence Strategy

MACD Bearish Bullish Divergence Strategy

Sniper Strategies

Sniper Education

Forex trading, also known as foreign exchange trading or currency trading, is the act of buying and selling currencies with the aim of making a profit. It is a decentralized global market where all the world’s currencies trade. Investors and traders participate in the forex market by speculating on the price movements of currency pairs. The goal is to buy a currency at a lower price and sell it at a higher price to make a profit, or to sell a currency at a higher price and buy it back at a lower price to profit from the price difference.

Forex trading involves the simultaneous buying of one currency and selling of another. Currencies are always traded in pairs. For example, in the EUR/USD currency pair, EUR is the base currency, and USD is the quote currency. When you buy a currency pair, you are buying the base currency and selling the quote currency. When you sell a currency pair, you are selling the base currency and buying the quote currency.

Forex trading takes place in the foreign exchange market, which is the largest and most liquid financial market in the world. Participants in the forex market include individual retail traders, institutional investors, hedge funds, banks, and central banks.

Traders in the forex market use various strategies to analyze and predict the movements of currency pairs. Technical analysis involves studying historical price data and using chart patterns and indicators to identify potential trade opportunities. Fundamental analysis involves analyzing economic indicators, central bank policies, geopolitical events, and other factors that can affect currency prices.

Risk management is a crucial aspect of forex trading. Traders use stop-loss orders to limit their potential losses and take-profit orders to lock in profits. Leverage is also commonly used in forex trading, allowing traders to control larger positions with a smaller amount of capital. However, leverage can magnify both profits and losses, so it’s important to use it wisely.

Overall, forex trading offers opportunities for profit, but it also carries risks. It requires knowledge, experience, discipline, and a solid trading plan to succeed in the forex market.

Currencies are traded in the forex market through a network of banks, financial institutions, brokers, and individual traders. The forex market operates 24 hours a day, five days a week, allowing traders to access the market at any time. Here’s how currencies are traded in the forex market:

Currency Pairs: Currencies are always traded in pairs. The first currency in the pair is called the base currency, and the second currency is called the quote currency. For example, in the EUR/USD currency pair, EUR is the base currency, and USD is the quote currency.


Price Quotations: Currency pairs are quoted with two prices: the bid price and the ask price. The bid price is the price at which the market is willing to buy the base currency, and the ask price is the price at which the market is willing to sell the base currency. The difference between the bid and ask prices is known as the spread.


Buying and Selling: When a trader believes that the value of the base currency will rise relative to the quote currency, they buy the currency pair (also known as going long). When a trader believes that the value of the base currency will fall relative to the quote currency, they sell the currency pair (also known as going short).


Lots and Leverage: In forex trading, currencies are traded in specific quantities called lots. The standard lot size is 100,000 units of the base currency. However, traders can also trade in smaller lot sizes, such as mini lots (10,000 units) or micro lots (1,000 units). Leverage is used in forex trading to control larger positions with a smaller amount of capital. Leverage magnifies both profits and losses, so it’s important to use it cautiously.


Order Types: Traders can place different types of orders in the forex market, such as market orders, limit orders, stop orders, and trailing stop orders. These orders help traders execute trades at specific price levels or automatically close trades at predetermined price levels.


Overall, currencies are traded in the forex market through a decentralized global network, providing opportunities for traders to speculate on the price movements of currency pairs and potentially profit from them.


All Forex currencies are given a 3-letter code much like a stock’s ticker symbol. There are more than 175 currencies worldwide. The U.S. dollar is included in many pairs of forex trading, so it’s important to know, USD (U.S dollar). The second most popular currency in forex is the euro (EUR).Other major currencies, in order of popularity, are:

All forex trading is conveyed as a mixture of the two currencies being exchanged. The following seven currency pairs, which are known as the Majors account for a large majority of trading in the forex market:

 Forex Markets are always quoted in pairs

The price for a pair is how much of the quote currency it costs to buy one unit of the base currency

When you trade forex, you are always buying one currency while selling another.


It is very important to understand how currencies are traded if you are looking to be a consistent profitable trader in your Forex career. Keep the key points in mind when trading or looking to enter in a trade. You always want to know the price of each, what key levels you are at, what price action is showing you, and finally what macro and micro economic factors come into play when entering a trade.

Currency pairs are the basic building blocks of the foreign exchange market (forex). In forex trading, currencies are quoted in pairs because you are always simultaneously buying one currency and selling another. Each currency pair consists of two currencies: a base currency and a quote currency. The value of a currency pair represents the relative value of the base currency against the quote currency.

Here are some examples of currency pairs and their common abbreviations:

1. EUR/USD: Euro against US Dollar
2. USD/JPY: US Dollar against Japanese Yen
3. GBP/USD: British Pound against US Dollar
4. USD/CHF: US Dollar against Swiss Franc
5. AUD/USD: Australian Dollar against US Dollar
6. USD/CAD: US Dollar against Canadian Dollar

When you see a currency pair quote, such as EUR/USD = 1.1500, the first currency listed (EUR) is the base currency, and the second currency listed (USD) is the quote currency. The exchange rate represents how much of the quote currency is needed to purchase one unit of the base currency.

Currency pairs can be categorized into three main groups:

1. Major Pairs: These are the most traded currency pairs in the forex market and typically involve the US Dollar (USD). Examples include EUR/USD, USD/JPY, and GBP/USD.

2. Minor Pairs: These currency pairs do not include the US Dollar and are also known as cross pairs. Examples include EUR/JPY, GBP/AUD, and NZD/CAD.

3. Exotic Pairs: These pairs consist of one major currency and one currency from an emerging or smaller economy. They are less liquid and have wider spreads compared to major and minor pairs. Examples include USD/TRY (US Dollar against Turkish Lira), and EUR/SEK (Euro against Swedish Krona).



Understanding currency pairs is fundamental to forex trading, as traders analyze and speculate on the price movements of these pairs to make trading decisions.

Currency pairs are quoted in the foreign exchange market using a pricing convention called a currency pair quote. Understanding how currency pairs are quoted is essential for forex trading. Currency pairs are always quoted in two prices: the bid price and the ask price.

 The bid price is the price at which the market is willing to buy the base currency in exchange for the quote currency. In other words, if you want to sell the currency pair, you would receive the bid price. This is the price at which you can sell the base currency.

The ask price is the price at which the market is willing to sell the base currency in exchange for the quote currency. If you want to buy the currency pair, you would pay the ask price. This is the price at which you can buy the base currency.

When you look at a currency pair quote, you will typically see two prices listed. For example, if the EUR/USD currency pair is quoted as 1.1200/1.1202, this means:

– The bid price, which is the price at which you can sell the EUR (base currency) and buy the USD (quote currency), is 1.1200.

– The ask price, which is the price at which you can buy the EUR (base currency) and sell the USD (quote currency), is 1.1202.

The difference between the bid and ask price is known as the spread. The spread represents the cost of trading and is how brokers make money in the forex market. Generally, the spread will be narrower for major currency pairs and wider for exotic or minor pairs.

Currency pairs are quoted in specific increments known as pips, which is the smallest unit of price movement in the forex market. For most currency pairs, one pip is equivalent to 0.0001, except for pairs involving the Japanese Yen, where one pip is 0.01.

By understanding how currency pairs are quoted and the bid/ask prices, traders can make informed decisions and execute trades in the forex market effectively.

Each currency pair represents the current exchange rate for the 2 currencies. Here’s how to understand that information, using

The exchange rate is how much of the quote currency is needed to buy 1 unit of the base currency. The base currency is always stated as 1 unit while the quote currency fluctuates based on the current market conditions and how much is required to buy 1 unit of the base currency.

If the GBP/USD exchange rate is 1.5, that means 1 British Pound will buy $1.50. Basically, it will cost $1.50 to buy 1 British Pound. When exchange rates rise, that means the base currency has risen in price relative to the quote currency.

Currency pairs are typically showed with the base currency first and the quote currency second. This means you would typically never see USD/GBP, its always stated in this order – 

In the foreign exchange market (forex), currency pairs are categorized into three main groups: major pairs, minor pairs, and exotic pairs. These classifications are based on trading volume, liquidity, and the economic significance of the currencies involved. Understanding the differences between major, minor, and exotic pairs can help traders choose the most suitable currency pairs for their trading strategies.

Major currency pairs are the most liquid and widely traded pairs in the forex market.

These pairs always include the US Dollar (USD) on one side and are considered the most stable and widely recognized currencies globally.

The major pairs consist of the most powerful and influential economies in the world.

Examples of major currency pairs include:

Minor currency pairs, also known as cross pairs, do not include the US Dollar on either side.

These pairs are less liquid and have wider spreads compared to major pairs.

Minor pairs are traded less frequently than major pairs but can still present trading opportunities based on market conditions.

Examples of minor currency pairs include:

GBP/AUD (British Pound/Australian Dollar)

NZD/CAD (New Zealand Dollar/Canadian Dollar)

Exotic currency pairs consist of one major currency and one currency from an emerging or smaller economy.

These pairs are considered more volatile and less liquid than major and minor pairs, which can lead to wider spreads and higher trading costs.

Exotic pairs can present higher profit potential but also carry higher risks due to their lower trading volume and less predictable price movements.

Examples of exotic currency pairs include:

Overall, major, minor, and exotic currency pairs offer different trading opportunities based on their liquidity, volatility, and risk levels. Traders should consider these factors when selecting currency pairs to trade and tailor their strategies accordingly.

Indices, in the context of finance and investing, are measures of the performance of a group of assets or securities that represent a particular market or sector. They provide a snapshot of the overall performance of a specific segment of the financial markets, allowing investors to track the performance of a diversified portfolio of assets without having to buy each individual security.

 Indices can be composed of stocks, bonds, commodities, currencies, or other financial instruments. Stock indices, such as the S&P 500 or the Dow Jones Industrial Average, are among the most widely followed indices. These stock indices represent the performance of a basket of stocks from specific exchanges or sectors.

Indices can be weighted in different ways. Some indices are price-weighted, where stocks with higher prices have a greater impact on the index value. Others are market-cap weighted, where companies with larger market capitalizations have a higher weight in the index. Equal-weighted indices give each component of the index an equal weight.

Indices are used as benchmarks against which the performance of investment portfolios or mutual funds can be compared. Portfolio managers often aim to outperform a specific index that represents the market or sector they are investing in.

 Indices provide diversification benefits by representing a broad selection of assets. Investing in an index fund or exchange-traded fund (ETF) based on an index allows investors to gain exposure to a diversified portfolio of assets with a single investment.

There are various types of indices, including broad market indices (e.g., S&P 500), sector-specific indices (e.g., NASDAQ Biotechnology Index), regional indices (e.g., FTSE Europe Index), and volatility indices (e.g., VIX).

Investors and traders use indices for various purposes, such as tracking market trends, assessing risk and return, constructing portfolios, and developing investment strategies.

Overall, indices serve as important tools in the financial markets, providing investors with insights into market movements, sector performance, and overall economic health. By tracking and analyzing indices, investors can make informed decisions about their investment strategies and allocations.

Indices are a measurement of the price performance of a group of shares from an exchange. For example, the NAS100 100 tracks the 100 largest companies on the NASDAQ. Trading indices enables you to get exposure to an entire economy or sector at once, while only having to open a single position. indices are an extremely liquid market to trade, and with more trading hours than most other markets, you can receive longer exposure to potential opportunities.

It’s essential to choose an index that is appropriate to your trading style. This will depend on your individual desire for risk, available capital and whether you prefer taking short-term or long-term positions.

For example, the Dow Jones (US30) is usually a volatile index that is favoured by traders with high-risk appetites and who prefer short-term trading. On the other hand, the US 500 is largely known for its steady returns over time, making it a favourite with traders with lower appetites for risk and a long-term outlook.

Commodities are raw materials or primary agricultural products that can be bought and sold. They are interchangeable with other goods of the same type and are typically used in the production of other goods or services. Commodities are traded on exchanges around the world and play a crucial role in the global economy. Here are some key points about commodities:

Soft commodities include agricultural products such as wheat, corn, soybeans, coffee, sugar, and cotton.

Hard commodities refer to natural resources that must be mined or extracted, such as gold, silver, oil, natural gas, copper, and aluminum.

Energy commodities include crude oil, natural gas, gasoline, and heating oil.

 Precious metals like gold, silver, platinum, and palladium are traded as commodities due to their intrinsic value.

 Livestock commodities include live cattle, feeder cattle, and lean hogs.

– Commodities are traded on exchanges such as the Chicago Mercantile Exchange (CME), the London Metal Exchange (LME), and the New York Mercantile Exchange (NYMEX).

– Investors can trade commodities through futures contracts, options, exchange-traded funds (ETFs), and commodity-linked notes.

– Commodities play a crucial role in diversifying investment portfolios. They tend to have low correlation with traditional asset classes like stocks and bonds, which can help reduce overall portfolio risk.

– Commodities can also provide a hedge against inflation, as their prices may rise during periods of inflation.

– The prices of commodities are influenced by various factors such as supply and demand dynamics, geopolitical events, weather conditions, and economic indicators.

– Fluctuations in commodity prices can have significant effects on industries and economies around the world. For example, changes in oil prices can impact transportation costs and inflation rates.

– Many investors and traders engage in commodity trading for speculative purposes, aiming to profit from price movements.

– Institutional investors may allocate a portion of their portfolios to commodities as an alternative asset class.

Commodities are essential components of the global economy, and their prices play a significant role in various industries and investment strategies. Understanding commodities and their role in the financial markets can help investors make informed decisions about their investment portfolios.

Commodities are the building blocks of the economy, upon which most other goods are created. They fall into two distinct categories. ‘Hard’ commodities are natural resources that must be mined or extracted. These include energies such as oil and natural gas, and metals such as gold and aluminium. ‘Soft’ commodities, on the other hand, are agricultural goods such as crops and livestock.

Commodity markets are popular with traders because prices can be extremely volatile, indicating there are frequent opportunities to profit by going long or short. Things that can impact pricing include currency valuations, reserve levels, economic performances, government policies, weather patterns or disasters, consumer trends, infrastructure issues, among many others.

One of the key takeaways of this piece is that every commodity is different. The factors that affect oil prices, for example, are very different to the factors that affect gold’s price. For this reason, it is very important to carry out a thorough analysis of your chosen market before placing a trade, taking into account all the factors that could affect the underlying commodity’s price.

Sniper Education

Terminology

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