Part 4 – Leverage, bid, ask, spread and type of orders

By Online Guru Trader

Jan 17

In this video lesson, you’ll learn about leverage, how much you need in your forex trading account (in dollar terms) to trade. What are bid, ask spread? What price level are you buying if you were to execute a buy order and what price level are you selling if you were to execute a sell order? Knowing the different types of commonly used order types for buying and selling.

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About the Author

Thomas Yin is the trading expert that other experts go to when they want to bring their trading to a whole new level, teaching his Trade To Win formula to analysts, fund managers, brokers and working professionals from all walks of life. As a trader who walks the talk, in a 3 year trading challenge from 2013 to 2015, he made over 150% returns on capital. Here are just some of his live market forecast that he is renowned for. Thomas forecast that crude oil was going to reached bottom and start to move up within the first quarter of the 2016 (crude oil bottomed out at $26.05 in Feb 2016 and went on to triple in price). He and his trading community short-sold GBP/USD in May 2016 before Brexit Referendum and profited over 400 pips. In 2018, he forecast that gold would go down after moving up to test around 1360 to 1377 (gold moved to a high of 1369 in April 2018 and proceeded to drop all the way down to 1167 in August 2018). He also cautioned his trading community to be cautious trading the U.S. stock market during the fourth quarter of 2018 (the Dow Jones Index dropped over 20% during the fourth quarter of 2018). With students in over 5 countries, it's been said that Thomas has helped more of his students generate at least 4 to 5 figures annual trading income than any other experts today. And, aspiring traders fly in to Singapore from around the region -- for a single day of guidance with Thomas to learn his renowned Trade To Win Formula.

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