Would you like to inspect the original subtitles? These are the user uploaded subtitles that are being translated:
1
00:04:07,948 --> 00:04:11,588
billion dollars of daily
trading volume. Now the scale
2
00:06:00,848 --> 00:06:05,128
absolutely fundamental skills
understanding basic human
3
00:05:55,368 --> 00:05:57,528
edge is what you're going to
learn how to develop in this
4
00:06:38,448 --> 00:06:42,208
is how you will extract profit
from the market on a consistent
5
00:06:22,908 --> 00:06:26,748
over and over again. And then
finally, which is probably the
6
00:06:26,748 --> 00:06:30,388
hardest bit and what may take
the most time is understanding
7
00:05:50,448 --> 00:05:55,368
in the market that you have
over others now your trading
8
00:06:17,028 --> 00:06:20,148
number three, understanding
basic pattern recognition. So
9
00:04:58,788 --> 00:05:02,508
someone else for a much higher
price looking in the difference
10
00:06:08,228 --> 00:06:11,148
mathematical probabilities.
Don't worry about this. The
11
00:06:20,148 --> 00:06:22,908
looking for the same things
happening again in price action
12
00:04:15,268 --> 00:04:18,468
buying and selling volume
happening at any given time is
13
00:05:57,528 --> 00:06:00,848
course and it all comes down to
you mastering these four
14
00:05:43,448 --> 00:05:46,568
million dollars in the market
but the strategy that you
15
00:05:15,188 --> 00:05:18,708
But the trillion dollar
question is, how do you
16
00:05:41,688 --> 00:05:43,448
is literally a million
different ways to make a
17
00:05:28,728 --> 00:05:33,248
the market high when it is
overvalued for a nice profit.
18
00:05:46,568 --> 00:05:50,448
choose to answer that question
ultimately is your trading edge
19
00:04:25,308 --> 00:04:28,628
price can change over a given
time period. A liquid market
20
00:05:33,248 --> 00:05:38,288
How do you know that? There are
an endless amount of methods
21
00:04:21,748 --> 00:04:25,308
liquidity is very important
because it determines how easy
22
00:04:53,388 --> 00:04:56,348
think of it a bit like eBay,
right? You want to buy
23
00:04:45,468 --> 00:04:48,508
a shift in exchange rates and
then selling it back to the
24
00:05:06,308 --> 00:05:10,908
trader. To buy low and sell
high or vice versa. That's how
25
00:04:02,908 --> 00:04:07,948
to this. The entire US stock
market it only turns over 250
26
00:05:38,288 --> 00:05:41,688
and strategies that traders use
to try to determine this there
27
00:04:37,268 --> 00:04:41,788
what is actually traded in the
Forex market? Money. Forex
28
00:04:48,508 --> 00:04:53,388
market at a later point in
time, ideally for a it. So
29
00:04:31,908 --> 00:04:37,268
happen with very little effect
on price or price action. So,
30
00:06:11,148 --> 00:06:13,988
maths is literally super easy.
Don't worry about that
31
00:03:51,108 --> 00:03:55,348
a staggering average daily
trading volume exceeding $6. 6
32
00:05:02,508 --> 00:05:06,308
for a tidy profit? That is
literally your sole aim as a
33
00:04:11,588 --> 00:04:15,268
of the Forex market it means
that liquidity so the amount of
34
00:05:18,708 --> 00:05:22,588
actually determine the true
value of an exchange rate? So
35
00:06:33,548 --> 00:06:38,448
strategic foresight and master
planning. Mastering four skills
36
00:06:13,988 --> 00:06:17,028
whatsoever if you're not a big
math fan of maths. And then
37
00:05:10,908 --> 00:05:15,188
you will make money. Sounds
simple enough in theory, right?
38
00:03:25,288 --> 00:03:27,928
and this is pretty much when
you will, you know, pretty much
39
00:06:05,128 --> 00:06:08,228
behavioral tendencies
understanding basic
40
00:03:55,348 --> 00:03:59,788
trillion dollars just to put
that into perspective all of
41
00:03:30,288 --> 00:03:34,808
day during those two sessions
but this global market, it's
42
00:03:04,668 --> 00:03:08,268
market opens in Sydney and then
moving into Tokyo during the
43
00:03:08,268 --> 00:03:11,708
Asian session and then before
it opens up in London and this
44
00:03:37,768 --> 00:03:40,928
to capitalize an opportunity
and have the ability to
45
00:02:53,308 --> 00:02:56,788
open twenty-four seven. So good
luck getting any rest with
46
00:02:34,288 --> 00:02:37,768
for trading Forex. Instead,
currencies are traded by an
47
00:02:46,268 --> 00:02:50,548
days a week, only closing down
on the weekend. The only market
48
00:03:44,408 --> 00:03:48,048
their own personal time
constraints may be. The FX
49
00:03:40,928 --> 00:03:44,408
sustainably build their wealth
around the clock no matter what
50
00:03:18,708 --> 00:03:22,008
So as I say the London and New
York session is where and when
51
00:02:50,548 --> 00:02:53,308
to eclipse this is the
cryptocurrency market which is
52
00:03:22,008 --> 00:03:25,288
the majority of the trading
volume goes through the market
53
00:03:14,268 --> 00:03:18,708
but before the session finally
ends in New York for the day.
54
00:02:37,768 --> 00:02:41,928
electronic global network of
banks, dealers, and brokers and
55
00:02:23,608 --> 00:02:27,808
traded through a central
exchange. So, you know, many US
56
00:02:41,928 --> 00:02:46,268
as a result, the FX market open
twenty-four hours a day, five
57
00:02:30,768 --> 00:02:34,288
unlike stocks or commodities,
there is no central exchange
58
00:02:27,808 --> 00:02:30,768
stocks, they are traded through
the New York Stock Exchange but
59
00:02:02,008 --> 00:02:05,128
Forex traders with the aim of
earning a profit from these
60
00:01:54,808 --> 00:01:58,128
capital. Now, while a lot of
foreign exchange is done for
61
00:02:19,208 --> 00:02:23,608
classes, say like stocks or
commodities, they are generally
62
00:02:15,368 --> 00:02:19,208
FX so attractive to the
traders. Now, with asset
63
00:01:58,128 --> 00:02:02,008
practical purposes like that, a
lot of it is also undertaken by
64
00:01:37,448 --> 00:01:41,168
abroad or pay their overseas
employees and imagine what that
65
00:01:22,348 --> 00:01:28,528
11 euros and on Thursday, maybe
1. 12 euros. Now, this tiny
66
00:00:33,928 --> 00:00:38,288
hedge funds, pension funds,
insurance firms, and banks, as
67
00:06:30,388 --> 00:06:33,548
how to transcend your own
emotional reactions through
68
00:00:38,288 --> 00:00:42,088
well as commercial businesses
to convert one currency into
69
00:01:02,708 --> 00:01:08,688
Italy and you convert your US
dollars into euros When you do
70
00:00:50,088 --> 00:00:52,968
ever traveled to another
country, it's pretty likely
71
00:00:52,968 --> 00:00:55,808
that you've converted some of
your local currency into
72
00:00:42,088 --> 00:00:45,448
another for a variety of
different reasons such as
73
00:01:18,808 --> 00:01:22,348
continuously. A single dollar
on Wednesday could get you 1.
74
00:04:41,788 --> 00:04:45,468
trading is quite literally the
act of buying money, waiting on
75
00:02:08,368 --> 00:02:11,728
converted every day can make
price movements of subcurencies
76
00:05:25,288 --> 00:05:28,728
undervalued and then that you
know you are selling it back to
77
00:03:48,048 --> 00:03:51,108
market is the largest most
liquid market in the world with
78
00:01:31,608 --> 00:01:35,328
think of it on a much bigger
scale. A large international
79
00:01:41,168 --> 00:01:44,528
could do to their monthly net
profit is simply exchanging one
80
00:01:44,528 --> 00:01:48,528
currency for another cost you
more depending on when you do
81
00:04:56,348 --> 00:04:58,788
something nice and cheap and
then you want to sell it onto
82
00:05:22,588 --> 00:05:25,288
that you know you actually
buying it when it's cheap and
83
00:04:28,628 --> 00:04:31,908
environment like Forex, it
enables huge trading volumes to
84
00:03:59,788 --> 00:04:02,908
the world's stock markets
combined do not even come close
85
00:01:11,888 --> 00:01:15,768
supply and demand determines
how many euros that you get for
86
00:04:18,468 --> 00:04:21,748
extremely high. So from the
perspective of trader,
87
00:00:25,788 --> 00:00:29,908
buyers and sellers that allows
individuals like ourselves such
88
00:00:00,968 --> 00:00:06,068
What actually is Forex trading?
Well, to understand what Forex
89
00:00:09,028 --> 00:00:13,828
market is. FX or Forex is short
for foreign exchange and the
90
00:00:45,448 --> 00:00:50,088
commerce, tourism, or just pure
speculation. So if you have
91
00:00:20,988 --> 00:00:25,788
mutually agreed rate. So, it is
a decentralized network of both
92
00:00:06,068 --> 00:00:09,028
trading is, first, we must
understand what the Forex
93
00:00:17,348 --> 00:00:20,988
nation's currency is exchanged
for that of another at a
94
00:03:34,808 --> 00:03:37,768
made Forex trading extremely
attractive as it allows traders
95
00:03:11,708 --> 00:03:14,268
is when you start to see a lot
of the volume coming through
96
00:02:56,788 --> 00:03:00,868
that. Now affiliate currencies,
they are traded worldwide in
97
00:03:00,868 --> 00:03:04,668
four major financial sectors in
different time zones. The
98
00:03:27,928 --> 00:03:30,288
nearly always see the biggest
amount of volatility for the
99
00:01:15,768 --> 00:01:18,808
your dollars and this exchange
rate is fluctuating
100
00:01:52,128 --> 00:01:54,808
quickly when you are dealing
with significant sums of
101
00:02:11,728 --> 00:02:15,368
extremely volatile and it's
this volatility that can make
102
00:01:48,528 --> 00:01:52,128
it. These few small price
differences, they add up pretty
103
00:01:35,328 --> 00:01:37,448
company, you know, they may
need to import goods from
104
00:01:28,528 --> 00:01:31,608
price difference may seem
insignificant initially but
105
00:02:05,128 --> 00:02:08,368
fluctuations in exchange rates
and the amount of currency
106
00:01:08,688 --> 00:01:11,888
this, the exchange rate between
the two currencies based on
107
00:00:59,488 --> 00:01:02,708
in the forex market. If you
take a trip from a America to
108
00:00:55,808 --> 00:00:59,488
another currency and therefore
you have already participated
109
00:00:29,908 --> 00:00:33,928
as traders and investors, big
financial institutions such as
110
00:00:13,828 --> 00:00:17,348
foreign exchange market is the
global marketplace in which a
111
00:06:42,208 --> 00:06:47,968
basis. This is the journey you
are about to begin.
10350
Can't find what you're looking for?
Get subtitles in any language from opensubtitles.com, and translate them here.