SUPERTRADERXTr a d e w i t h G o l d e n To u c h

By : Hafizzat

STX HAFIZZAT RUSLI

FOREX TRADER | TRAINER| AMBASSADOR

By : Hafizzat

STX HAFIZZAT’S STORY

• Hafizzat Rusli, 24 delved into the world of forex trading even before he reached the age of 17.

• He saved all his earnings as a waiter to start trading. Within less than a month he grew his relatively small capital of USD500 into more than USD20k.

• Hafizzat set about training and educating himself with a vengeance. He learnt from the best he could find but more importantly he acquired and honed his own trading skills and strategies.

• FXPrimus, one of the industry’s fastest growing brokers, approached Hafizzat and appointed him as their Super Introducing Broker which is quite a feat for a boy of 19 with just 2 years of experience in forex trading. Hafizzat remains the youngest Super IB in the world in this elite group of only 30 individuals.

• In July 2011 Hafizzat was ranked 5th in FXPrimus Top 20 Traders Global Contest having made a percentage gains of 81.7% in 2 days. The student had by now become a master.

THREE WAYS OF EARNINGTr a d i n g , i n t r o d u c e r f e e s & p a s s i v e i n c o m e

WHAT IS FOREX?Tr a d e w i t h G o l d e n To u c h

By : Hafizzat

What is Forex?STX

• FOREX (Foreign Exchange) or more familiar with currency transactions

• Forex means buying or selling a currency against another currency with a view to profit

• The currency is a kind of trade / transaction trade in the currency of a country's national currency involving other major money markets in the world for 24 hours continuously

• The foreign exchange market, which is usually known as “forex” or “FX,” is the largest financial market in the world. Compared to the measly $22.4 billion a day volume of the New York Stock Exchange, the

foreign exchange market looks absolutely ginormous with its $5 TRILLION a day trade volume.

By : Hafizzat

What is Forex?STX

The largest stock market in the world, the New York Stock Exchange (NYSE), trades a volume of about $22.4 billion each day. If we used a monster to represent NYSE, it would look like this…

By : Hafizzat

What is Forex?STX

So the NYSE sounds big, it’s loud and likes to make a lot of noise.

But if you actually compare it to the foreign exchange market, it would look like this…

WHY TRADE FOREX?Tr a d e w i t h G o l d e n To u c h

By : Hafizzat

Why trade Forex?STX

ADVANTAGES OF FOREX

There are many benefits and advantages of trading forex. Here are just a few reasons why so many people are choosing this market:

• No commissions

• No middlemen

• No fixed lot size

• Low transaction costs

• A 24-hour market

• No one can corner the market

• Leverage

• High Liquidity

• Low Barriers to Entry

• Free Stuff Everywhere!

By : Hafizzat

Why trade Forex?STX

No commissionsNo clearing fees, no exchange fees, no government fees, no brokerage fees.

No middlemenSpot currency trading eliminates the middlemen and allows you to trade directly with the market responsible for the pricing on a particular currency pair.

No fixed lot sizeIn the futures markets, lot or contract sizes are determined by the exchanges. A standard-size contract for silver futures is 5,000 ounces. In spot forex, you determine your own lot, or position size.

Low transaction costsThe retail transaction cost (the bid/ask spread) is typically less than 0.1% under normal market conditions. At larger dealers, the spread could be as low as 0.07%. Of course this depends on your leverage and all will be explained later.

By : Hafizzat

Why trade Forex?STX

A 24-hour marketThere is no waiting for the opening bell. From the Monday morning opening in Australia to the afternoon close in New York, the forex market never sleeps. This is awesome for those who want to trade on a part-time basis, because you can choose when you want to trade: morning, noon, night, during breakfast, or in your sleep.

No one can corner the marketThe foreign exchange market is so huge and has so many participants that no single entity can control the market price for an extended period of time.

LeverageIn forex trading, a small deposit can control a much larger total contract value. Leverage gives the trader the ability to make nice profits, and at the same time keep risk capital to a minimum.

By : Hafizzat

Why trade Forex?STX

High LiquidityBecause the forex market is so enormous, it is also extremely liquid. This means that under normal market conditions, with a click of a mouse you can instantaneously buy and sell at will as there will usually be someone in the market willing to take the other side of your trade. You are never “stuck” in a trade. You can even set your online trading platform to automatically close your position once your desired profit level (a limit order) has been reached, and/or close a trade if a trade is going against you (a stop loss order).

Low Barriers to EntryYou would think that getting started as a currency trader would cost a ton of money. The fact is, when compared to trading stocks, options or futures, it doesn’t. Online forex brokers offer “mini” and “micro” trading accounts, some with a minimum account deposit of $25.

We’re not saying you should open an account with the bare minimum, but it does make forex trading much more accessible to the average individual who doesn’t have a lot of start-up trading capital.

By : Hafizzat

Why trade Forex?STX

Free Stuff Everywhere!

Most online forex brokers offer “demo” accounts to practice trading and build your skills, along with real-time forex news and charting services.

AND GUESS WHAT?! THEY’RE ALL FREE!

Demo accounts are very valuable resources for those who are “financially hampered” and would like to hone their trading skills with “play money” before opening a live trading account and risking real money.

WHO TRADE FOREX?Tr a d e w i t h G o l d e n To u c h

By : Hafizzat

Who trade Forex?STX

• the rulers of the world• the world's major banks• international class business• hedge fund• currency speculators• individuals

THE PEOPLE WHO TRADE IN FOREX MARKET ARE:

Thus the number of players in the Forex market is causing the velocity of money becomes very fast.

Transactions happens more than 1.9 trillion U.S. dollars every day and that means money are transferred from one hand to another in just a few

seconds.

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Who trade Forex?STX

Forex Market Hierarchy

Major Banks

Electronic Brokering Services (EBS) / Reuters Dealing 3000-spot Matching

Medium-sized and small banks

Retail Market Makers

Retail Traders

Retail ECNsHedge funds and

commercial companies

WHEN CAN YOU TRADE FOREX?Tr a d e w i t h G o l d e n To u c h

By : Hafizzat

When can you trade Forex?

STX

Now that you know what forex is, why you should trade it,

and who makes up the forex market, it’s about time you

learned when you can trade.

Yes, it is true that the forex market is open 24 hours a day, but that doesn’t mean it’s always active the whole day.

You can make money trading when the market moves up, and you can even make money when the market moves down.

BUT you will have a very difficult time trying to make money when the market doesn’t move at all.

By : Hafizzat

When can you trade Forex?

STX

THE MAIN TRADING SESSIONS

Despite the Forex market is open 24 hours a day it doesn’t mean that the market is always active the whole day. FX traders can make money trading when the market moves up, and they can even earn money when the market moves down. However, it is extremely difficult to make any money when the market does not move at all.

The Forex maket can be divided into four major trading sessions that are:• Sydney Session• Tokyo Session• London Session• New York Session

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What is Forex?STX

WORLD POPULAR CURRENCY

• USD "U.S. Dollars" or "buck" (the currency of the USA)

• EUR "Euro" (European currency)

• GBP "Sterling" or "Cable" (UK currency)

• AUD "Aussie Dollar" (Australian currency)

• NZD "Kiwi" (the currency of New Zealand)

• JPY "Yen" (Japanese currency)

• CHF "Swissy" (Swiss currency)

• CAD "Dollar Canada" (Canadian currency)

By : Hafizzat

What is Forex?STX

THE CURRENCY PAIR

• Direct currency: (EUR/USD, GBP/USD and other currencies in which the normal USD written at the back)

• Indirect currency: (USD/JPY, USD/CHF and other currencies in which the normal USD written at the front)

• Currency cross rate: (GBP/JPY, EUR/CHF currency which is not compared to the USD

*base and counter Example: GBP / USD

That means GBP is the base currency and the USD is the counter currency

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When to trade Forex?STX

Let’s take a look at the average pip movement of the major currency pairs during each trading session.

From the table, you will see that the European session normally provides the most movement.

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When to trade Forex?STX

TOKYO SESSION = ASIAN SESSION

• Tokyo session is often referred to as the Asian session because Tokyo is the financial capital of Asia and with its population of 36 million people it is also the largest metropolitan area in the world.

• Japan is also the third largest Forex trading center in the world and the Japanese yen is the third most traded currency partaking in about 16,5 % of all Forex transactions.

• Therefore we can say that the Asian session opens at 11:00 PM GMT and overall, about 21 % of all Forex Transactions take place during this session.

By : Hafizzat

When to trade Forex?STX

Below is a table of the Asian session pip ranges of the major currency pairs.

These pip values were calculated using averages of past data from the month of May 2012. Take note that these are NOT ABSOLUTE VALUES and can vary depending on

liquidity and other market conditions. Also, the session range for EUR/CHF has not been included since the Swiss franc has been pegged to the euro at 1.2000 during the

period.

By : Hafizzat

When to trade Forex?STX

KEY CHARACTERISTICS OF THE ASIAN SESSION:

• Despite the most Forex transactions are made in Japan, tons of Forex transactions are made in other financial hot spots like Hong Kong, Singapore and Sydney.

• The main market participants during the Asian session are commercial companies (exporters) and central banks. This is due to the fact that Japan's economy is heavily export dependent and, with China also being a major trade player, there are a lot of transactions taking place on a daily basis.

• Liquidity can sometimes be quite thin. During these times most pairs may stay within a range providing opportunities for short day trades or potential breakout trades later during the day.

• It is more likely to see stronger moves among the Asia Pacific currency pairs such as AUD/USD and NZD/USD as opposed to non-Asia pacific pairs like GBP/USD.

• Most of the action takes place early in the session, when more economic data is released. Moves in the Tokyo session may set the tone for the rest of the day. Traders in latter sessions often look at what happened during the Tokyo session to help organize and evaluate what strategies to take in other sessions.

• Often, if there have been big moves during the preceding New York session, consolidation can be seen during the Asian session.

By : Hafizzat

When to trade Forex?STX

WHICH PAIRS ARE COMMONLY TRADED DURING THE ASIAN SESSION?• Pairs that include JPY• Pairs that include AUD• Pairs that include NZD

This is simply because the Tokyo session is on when news from Australia, New Zealand and Japan come out presenting a good opportunity to trade.

Usually, there is more movement in JPY pairs as a lot of yen is changed as Japanese companies are conducting business.

Furthermore, since China is an economic super power, the news from China tends to create volatile moves.

Because Australia and Japan are relying heavily on Chinese demand, it is possible to see greater movements in AUD and JPY pairs when the Chinese data come in.

HOW TO TRADE FOREX?Tr a d e w i t h G o l d e n To u c h

By : Hafizzat

How to trade Forex?STX

1UNDERSTAND BASIC FOREX TERMINOLOGY

• Base currency is the type of currency you are spending, or getting rid of. Quote currency is the currency that you are purchasing. In forex trading, you sell 1 type of currency to purchase another type.

• The exchange rate tells you how much you have to spend in quote currency to purchase base currency. For example, if you want to purchase some U.S. dollars using British pounds, you may see an exchange rate that looks like this: GBP/USD=1.589. This rate means that you'll spend 1.589 dollars for 1 British pound.

• A long position means that you want to buy the base currency and sell the quote currency. In our example above, you would want to sell U.S. dollars to purchase British pounds.

By : Hafizzat

How to trade Forex?STX

• A short position means that you want to buy quote currency and sell base currency. In other words, you would spend sell British pounds and purchase U.S. dollars.

• The bid price is the price at which your broker is willing to buy base currency in exchange for quote currency. The bid is the best price at which you are willing to sell your quote currency on the market

• The ask price, or the offer price, is the price at which your broker will sell base currency in exchange for quote currency. The ask price is the best available price at which you are willing to buy from the market

• A spread is the difference between the bid price and the ask price

By : Hafizzat

How to trade Forex?STX

2 DECIDE WHAT CURRENCY YOU WANT TO BUY AND SELL

• Make predictions about the economy. If you believe that the U.S. economy will continue to weaken, which is bad for the U.S. dollar, then you probably want to sell dollars in exchange for a currency from a country where the economy is strong.

• Look at a country's trading position. If a country has many goods that are in demand, then the country will likely export many goods to make money. This trading advantage will boost the country's economy, thus boosting the value of its currency.

• Consider politics. If a country is having an election, then the country's currency will appreciate if the winner of the election has a fiscally responsible agenda. Also, if the government of a country loosens regulations for economic growth, the currency is likely to increase in value.

• Read economic reports. Reports on a country's GDP, for instance, or reports about other economic factors like employment and inflation, will have an effect on the value of the country's currency.

By : Hafizzat

How to trade Forex?STX

3 Read a forex quote• You'll see 2 numbers on a forex quote: the bid price on the left and

the ask price on the right.

4 Learn how to calculate profits• A pip measures the change in value between 2 currencies. Usually, 1

pip equals 0.0001 of a change in value. For example, if your EUR/USD trade moves from 1.546 to 1.547, your currency value has increased by 1 pip.

• Multiply the number of pips that your account has changed by the exchange rate. This calculation will tell you how much your account has increased or decreased in value

By : Hafizzat

Philisophy of Supertraderx Academy

Emotional Control1

Make pips2

Keep pips3

Repeat4

STX

YOUR WAY OF TRADE

Tr a d e w i t h G o l d e n To u c h

By : Hafizzat

Traders

Fundemental analisis

Much depends on the news. Lack of

precision andsomething

unexpected often occurs

Type of trading

Technical Analisis

Depending on the technique used.

Usually 70% to 80%

STX

By : Hafizzat

Strategy

Define ur strategy Currencies?

Time?

Term?

T/B?

STX

MONEY MANAGMENT“ E m o t i o n a l c o n t r o l ”

By : Hafizzat

Why traders fail?

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Fear o

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Leads to

fear

1st 2st 3st 4th

STX

By : Hafizzat

Money management

1st 2st 3st 4th

Em

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Be D

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Less th

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STX

By : Hafizzat

Materials for trade

StrategyMoney Management

Risk Management

Trading Plan

STX

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Finance Division

Multiple Entry/Multiple Exits??

How long are you willing to buy??

What is the risk / reward parameters?

When to take profit?

CLOSE

Money Management

Division

Money Management

Division

STX

By : Hafizzat

Psychology Division

Use the willing to lose money

Get to know yourself

Starting with a little amount

Do not over confident

Take a break after each trade

Psychologydivision

Psychologydivision

STX

TYPES OF ANALYSIS &

CHARTSTr a d e w i t h G o l d e n To u c h

By : Hafizzat

STX

Technical Analysis

Fundamental Analysis

Sentiment Analysis

Three Basic Types of Market

Analysis

Three Basic Types of Market

Analysis

Types of Analysis

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Types of AnalysisSTX

It’s kind of like standing on a three-legged stool – if one of the legs is weak, the stool will break under your weight and you’ll fall flat on your face.

The same holds true in trading. If your analysis on any of the three types of trading is weak and you ignore it, there’s a good chance that it will cause you to lose out on your trade!

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Types of ChartsSTX

Line chart

Bar chart

Candlestick chart

three most popular types of charts

three most popular types of charts

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Types of ChartsSTX

1. Line Charts

A simple line chart draws a line from one closing price to the next closing price. When strung together with a line, we can see the general price movement of a currency pair over a period of time.

Here is an example of a line chart for EUR/USD:

By : Hafizzat

Types of ChartsSTX

2. Bar Charts

A bar chart is a little more complex. It shows the opening and closing prices, as well as the highs and lows. The bottom of the vertical bar indicates the lowest traded price for that time period, while the top of the bar indicates the highest price paid.

The vertical bar itself indicates the currency pair’s trading range as a whole.

The horizontal hash on the left side of the bar is the opening price, and the right-side horizontal hash is the closing price.

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Types of ChartsSTX

*Take note, you will see the word “bar” in reference to a single piece of data on a chart. A bar is simply one segment of time, whether it is one day, one week, or one hour. When you see the word ‘bar’ going forward, be sure to understand what time frame it is referencing.

Here is an example of a line chart for EUR/USD:

By : Hafizzat

Types of ChartsSTX

Bar charts are also called “OHLC” charts, because they indicate the Open, the High, the Low, and the Close for that particular currency. Here’s an example of a price bar:

Open: The little horizontal line on the left is the opening price

High: The top of the vertical line defines the highest price of the time period

Low: The bottom of the vertical line defines the lowest price of the time period

Close: The little horizontal line on the right is the closing price

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Types of ChartsSTX

3. Candlesticks Charts

Candlestick chart show the same information as a bar chart, but in a prettier, graphic format.

Candlestick bars still indicate the high-to-low range with a vertical line.

However, in candlestick charting, the larger block (or body) in the middle indicates the range between the opening and closing prices. Traditionally, if the block in the middle is filled or colored in, then the currency closed lower than it opened.

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Types of ChartsSTX

In the following example, the ‘filled color’ is red.

For our ‘filled’ blocks, the top of the block is the opening price, and the bottom of the block is the closing price.

If the closing price is higher than the opening price, then the block in the middle will be “green” or hollow or unfilled.

By : Hafizzat

Types of ChartsSTX

*Take note, you will see the word “bar” in reference to a single piece of data on a chart. A bar is simply one segment of time, whether it is one day, one week, or one hour. When you see the word ‘bar’ going forward, be sure to understand what time frame it is referencing.

Here is an example of a candlestick chart for EUR/USD

By : Hafizzat

Types of ChartsSTX

The purpose of candlestick charting is strictly to serve as a visual aid, since the exact same information appears on an OHLC bar chart. The advantages of candlestick charting are:

• Candlesticks are easy to interpret, and are a good place for beginners to start figuring out chart analysis.

• Candlesticks are easy to use and candlestick patterns have cool names such as the shooting star, which helps you to remember what the pattern means.

• Candlesticks are good at identifying marketing turning points – reversals from an uptrend to a downtrend or a downtrend to an uptrend.

SUPPORT AND RESISTANCETr a d e w i t h G o l d e n To u c h

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Examples of resistance & support

STX

Look at the diagram above. This zigzag pattern is making its way up (bull market). When the market moves up and then pulls back, the highest point reached before it pulled back is now resistance.

As the market continues up again, the lowest point reached before it started back is now support. In this way resistance and support are continually formed as the market oscillates over time. The reverse is true for the downtrend.

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Resistance & SupportSTX

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ResistanceSTX

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ResistanceSTX

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ResistanceSTX

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SupportSTX

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SupportSTX

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SupportSTX

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Broken ResistanceSTX

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Broken SupportSTX

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Japanese candlestickSTX

Candlesticks can be used for any time frame, whether it be one day, one hour, 30-minutes – whatever you want! Candlesticks are used to describe the price action during the given time frame.

Candlesticks are formed using the open, high, low, and close of the chosen time period.

• If the close is above the open, then a hollow candlestick (usually displayed as white) is drawn.

• If the close is below the open, then a filled candlestick (usually displayed as black) is drawn.

• The hollow or filled section of the candlestick is called the “real body” or body.

• The thin lines poking above and below the body display the high/low range and are called shadows.

• The top of the upper shadow is the “high”.• The bottom of the lower shadow is the

“low”.

EXPLAINATION ON REAL CHARTA s k o r y o u w i l l b e a s k e d ! ! !

TRENDLINE’SS u p e r , d u p e r , u p p e r s k i l l ! ! ! ! !

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ChartSTX

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Breakout sellSTX

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Breakout sellSTX

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Breakout sellSTX

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Breakout sellSTX

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Breakout buySTX

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Breakout buySTX

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Breakout buySTX

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Breakout buySTX

EXPLAINATION ON REAL CHARTA s k o r y o u w i l l b e a s k e d ! ! !