FX-SNIPER PRESENTS
Date
30th April, 2023.
Lesson 2
Topics
 Platforms to trade/analyze the
market
 Fundamental Analysis
 Technical Analysis
PLATFORMS TO TRADE AND ANALYZE THE MARKET
Before we begin, I want to make sure everyone has clicked on the link in the previous lecture
under broker to set up their brokerage account, because without a broker, you wouldn’t be able to
use any trading platform. Okay!!!!! Let’s dive into it. Your broker dashboard should look like
this or something similar (For security reasons we will be closing some detail and covering some
valid information)
Platforms required include:(MUST BE DOWNLOADED ON YOUR MOBILE PHONES)

TradingView

Metatrader5 or Metatrader4 (Shorten as MT5 or MT4 respectively)
TradingView: TradingView is a web based social network for trader's allowing them to interact
and share trading ideas as well analyze and trade directly from TradingView's advanced charting
capabilities. So this is where we do our analysis, draw our trend lines, and check support and
resistance as well as any other price action to determine or predict the next movement in our
favor. TradingView has its app available on our phone app stores but I prefer the web use on
your laptop because you will get a clearer view. Below is what tradingview looks like when the
chart hasn’t been edited.
Metatrader5 or Metatrader4: MetaTrader is a web-based trading platform designed to help
Forex and stock traders automate trading using trading robots, signals, technical and fundamental
analysis. Below is a sample image showing what metatrader looks like on both phone and pc.
Unlike tradingview, this is preferably used and easier to understand on the phone and you will
have to download this from your appstore.
Forex Analysis can be classified under two categories:
 Fundamental
 Technical
Fundamental Analysis Forecasts price levels in the currency markets by analyzing economic and
political data and scenarios in an effort to predict which currency may gain strength or weakness
versus another over time while Technical Analysis Forecasts market trends usually with chart
analysis to forecast price fluctuations in different currency markets.
Fundamental Analysis
Fundamental Analysis refers to analyzing the political, economic and fiscal events that may
influence currency prices. These may consist of reports regarding unemployment, economic &
monetary policies, economic growth rates, and even the current or future outlook of inflation in a
country. Before trading in the markets, it is essential that Forex traders have a least a general
understanding of the forces that can affect the world’s currency markets. We have various types
of news, the high impact, medium impact and low impact. We want to focus more on the high
impact news as they affect the market most, high impact news such as FOMC, CPI and NFP.
There are lots of website you can stay updated on economic calendar but the most popular are;
forexfactory, investing and myfxbook.
Technical Analysis
Technical analysis is the framework in which traders study price movement. The theory is that a
person can look at historical price movements and determine the current trading conditions and
potential price movement. Someone who uses technical analysis is called a technical analyst.
Traders who use technical analysis are known as technical traders. Technical analysis is NOT so
much about prediction as it is about POSSIBILITY. Technical analysis is the study of historical
price action in order to identify patterns and determine possibilities of the future direction of
price.
This is where you will learn how to determine movements, enter and exit trades using different
criteria such as support and resistance, candlestick and chart patterns as well as tendlines.
THANK YOU!!!! SEE YOU IN THE NEXT
CLASS
QUESTION??????