 Good evening, everyone. Welcome to the webinar near TikMil. This is about basics of foreign trading. My name is Christine Francisco. I'm the country manager for TikMil Philippines. So we will start our session. By the way, thank you for taking your time to participate in this webinar. And hopefully at the end of the session, we all are able to learn something about foreign trading. So first, I just want to read this disclaimer. TikMil does not give financial advice. If in doubt, please seek independent financial advice. All comments stated in this webinar does not reflect the opinion of TikMil as a company whilst this presentation has been prepared to the best of our knowledge, TikMil will not be held liable for any inaccuracies or errors found in the documents. Rest Warning. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% and 70% of retail investor accounts lose money when trading CFDs with TikMil UK limited and TikMil Europe limited respectively. You should consider whether you understand how CFDs work and whether you can afford to take the higher risk of losing your money. So today, we're going to discuss the basics of the forex market. If we are a beginner, ano nga ba yung mga dapat natin go in to start trading in the market? Now, if we have any questions during this webinar, feel free to use our chat box for your questions or you can also raise your hand. So let's begin. So today, we will discuss what is forex? What are the common forex trading terminologies? What are the type of forex analysis? How to start trading in the forex market? And what are the ways to earn in this market? So firstly, what is forex? Forex is a short cut of foreign exchange. It's a market where buying and selling of foreign currencies occur. So dito, we buy and we sell instruments or assets. So mainly foreign currencies, but we also have commodities indices. We also offer that in TikMil. So forex is the largest market in the world. So if we compare it to the stock market, eto po yung kanyang representation. So as you can see here, eto po si stock market, this is 212 billion. Pero si forex, 5.1 trillion market siya. So ibig sabihin, it's a very huge market and a lot of people are participating in this trading. So how does forex trading work? Simple lang po, no? We will give a sample. For example, you are traveling. So nagpunta ka na ibang bansa. Let's say you went to the United States. Tapos, siyepro yung money that we have, we have Philippine peso. We're not able to use our money to purchase items when you're in the U.S. So what you're gonna do is you will go to Money Changer or di kaya naman sa bank, ipawapanit mo, let's say ang baon mo is $1,000. So at the time, ang exchange rate is 51.19. Tapos, ang $1,000 mo magiging, $51,900. So after, let's say 3 months, 3 months kang nagpunta ng U.S., bumalika na sa Pilipinas. Ah, one year pa. After one year, yung 51.90, gumanda yung ekonomi ng Philippines. So after one year, na isipong gumalik, tapos na yung bakasyon mo. So ang rate niya na is 45. So $1 is equivalent to 45 pesos. So may dala kaulit, sabihin natin, marami kang kamag-anak sa U.S. and di ka nila pinagastos. So you have yung baon mo $1,000. $1,000 pa rin, hindi mo siya nagalaw. So you have $51,900 sa pera, you have $51,900. So ang gilawang mo, pinalit mo na siya sa money changer. So yung value ng initial mo na $1,153.33. So kumita ka na $153.23. So yun po yung pinaka-idea ng Forex, pero dito nga lang, we don't need to travel. We don't have to go somewhere para lang makabag-trade. Kailangan lang natin is the platform and internet and puwede na tayo mag-trade sa Forex Market, kahit na saan po tayo. Next question. Why trade Forex? So okay, Mr. Steen, ano reason bakit bakon mag-trade ng Forex? Beneficial ba yan for me? Ano ba yung hukuha ko kapag nag-trade ako ng Forex? So simple lang. There are several reasons why you should trade Forex. First, it's what we call liquidity. So Forex has very high liquidity and when we say liquidity, it describes the extent to which an asset can be bought or end sold quickly at a stable prices and converted to cash. So ibig sabihin, since it's a $5.1 trillion market, ang buying and selling niya is simultaneous. So pag nag-lagay ka ng isang item, mabeles siya, mabibenta. So next. Another thing, it's a 24x5 market. So if you compare it to stock market, stock market, I think they're just open from 9.30 am tapas around 1.30 close na sila. So that's for the Philippine stock market. Sa Forex naman, wherever you are, it's open 24x5. So nag-start siya at around 5 am. This is Manila time. Nang one day tapas mag-close siya na Saturday at around 5 am or 6 am. Dependipo if there's daylight savings, daylight saving time. So since we're talking about it's 24x5 market, kelan po ba yung best time to trade? So since we are in the Philippines, I will give you the Philippine the best time in the Philippines. So the market opens at Asia. So this is the Sydney market and the Tokyo market. This opens, like I've mentioned earlier, at around 5 am. O kaya naman, 6. Nagbubokas siya si Tokyo opens at 7. Tapos si London market or the European market it opens at 4 pm. 4 pm o kaya naman, 3 pm sa atin. Tapos si New York market, New York market opens at around 9 pm. So the best time to trade is when there's a lot of traders that are participating in the market. So this is actually the best time when the New York market and the London market meets. This is the best time to trade. Kasi this is the time that the market is active, marami lang nag-de-trade and it can help you decide kung ano yung magiging direction ng market natin. Next. So there are major currency pairs that we are trading in the market. So these major currencies are the Euro US Dollar, New Zealand Dollar versus US Dollar, US Dollar versus Japanese yen, Australian Dollar versus US Dollar, Great British Pound versus US Dollar, US Dollar versus Switzerland Frank and the US Decade, United States versus Canadian dollars. So the major currencies they're very okay to trade. Why? Because most brokers when you trade the major pairs this is the pairs that has the lowest spread. I'm very proud to say that for these major currencies most of the time the spread starts from 0.0. So later on I will discuss what is the spread. So nagsestart ko sa 0.0 and when you're trading that's very important because this is actually the trading cost that you're paying and if you're paying as much then meaning you get lesser profits but if you're paying less then that means it is more profit for you. Other than the majors we have the cross currency pairs so we have the euro paired to other currencies like GBP, Switzerland Frank, Canadian Dollar, Australian Dollar, New Zealand Dollar and Japanese yen. Same din po si Japanese yen has pairs same lang din ang mga currencies GBP, Canadian Dollar and Australian Dollar and New Zealand Dollar so meron din po siya those are the cross currency pairs. Meron din ang mga po tayong tinatawag ng mga exotic pairs so these are the pairs that has really huge spread kasi mas konte yung nag-de-trade so we have US Dollar versus Hong Kong Dollar in some brokers there's USDPHP for Philippine Peso Euro, Turkish lira we also have US Dollar and Danish Kron but if you're a beginner I wouldn't recommend that you trade these exotic pairs I would actually advise that you trade the major pairs. Next Another feature of the forest markets is the high volatility Profits can be earned within a shorter period of time this means that if you place a trade even after a few seconds you can start earning profit so I'm gonna show you an example of how volatile this market can be so this is let me play it okay so there as you can see the video that's less than a minute but the trading profit is around $2000 so that's how fast you can earn money in the forex trading but of course I wanna be honest na at the same time if you can earn that much in a short period of time it's also possible that you can lose that much as well so you really have to educate yourself when you're trading in the forex market in the forex market there's what we call the leverage trading so you can trade more with less so for example you deposited $100 so you can have bigger buying power because of the leverage so for example your $100 can have a buying power of $100,000 the other features of the forex market is you can actually profit from bullish and bearish market so when we say bullish it's when the market is going up and when we say bearish it's when the market is going down so the reason why they use the bullish term in the bearish for bull when they attack pataas sila other animals pa ba ba so that's where the bullish and the bearish term came from so another reason is the east of access so I mentioned earlier that wherever you are basta you have internet and a platform where you can trade a laptop or kaya naman a mobile you can use it in the forex market basa meron tayong working internet kahit nasa atas ka ng bundo o kaya naman na sa beach ka so next so who trades forex so there are a lot of forex participants so let's start with the big participants like the central bank so European Central Bank and the other central banks like the one in the United States there's also commercial bank so hindi lang po we're not only talking about BPI or BDO but we're talking about huge banks internationally like JP Morgan Bank of America those are the big participants as well multinational companies or hedge fund companies they're also participants of the market and also fund managers and here we are we are the retail traders so right now since we have the technology there's a lot of people who've been becoming interested in forex actually sa Philippines for the last few years a lot of people are getting interested and have been have been participating in the forex market right next, what is a forex broker so some of you might have an idea what is a forex broker already but basically forex broker is the one that gives us access to the market because if we say this market panobado I just need to give my money I go to the bank so of course you need a forex broker which is Tickmin to trade so Tickmin will give you access to the market so what are the common forex trading terminologies so there are some that we will be using first we have long long or short that means long you buy and short means you sell and the other is leverage and margin pip and points lot bid and ask and spread so first what does it mean when you say long it means you're buying so going long you believe price higher you place a trade at a lower price and will make money as the price moves higher so for example you buy at this rate tapos umangat siya then you start to get profit sa forex trading when someone say I'm long on euro USD or I'm going long on euro USD that means you're buying euro USD next is long short short buy short and sell sell means going short so you believe price will fall you place a trade at a higher price and will make money as the price moves lower so for example this is your buy price sorry your sell price and the market went down in your favor so you will start to make money the term is also going short next is leverage we mentioned leverage earlier it's the ability to trade at a scale that is much larger than the funds available in a trader's account so some people they call it the broker is lending you money in order to trade but this is basically the broker giving you a power to trade in the the forex market it's the minimum amount that the trader must deposit into the trading account to start trading so for example if you have a leverage of one is to 100 you will need at least $1,100 in order to trade one lot of euro USD so that's how margin works but if you have if you have one is to 100 leverage you need $1,000 to be able to trade one lot of euro USD but if you have let's say one is to 500 you don't need to have $1,100 you'd need just around $500 margin to cover that trade for the one is to 500 leverage next is pip or percentage in point so the percentage in point it's the unit of measurement used by traders to show the change in value between currency pairs the fourth and decimal in the currency pairs or second decimal for yen pairs so in this image you see yung pip is ikaapat po sya from this decimal point 1,2,3,4 so this is the pip and ito naman po yung pang fifth digit is the point so most of the time when you are actually checking the movement ang pinating ng po nang mga traders is the pip or yung fourth decimal point so that's for euro USD but we have pairs like USDJPY and gold pairs na hindi po siya 5 digit after the decimal so in this case 2 digits lang if not may iba 3 digits so the pip value if 2 digits is in the last digit pero kung 3 po to let's say um let's say may 1 pa dito so the pip value 1 pip is ito pong 2 okay so dito ko magsa start so in this example 113.82 and 113.83 ang difference po sa price is 1 pip if naging 1182 tapos ito po ay naging 4 then the difference in the value is 2 pips okay so later on pakita ko sa inyong value magiging dollar value noong mga pip na iyon so there so when you're trading in the 4x market meron tayong volume or lot size na tinatawag this is how much you buy or sell so parang if you have let's say you own a farm you nakatanim ka ng mga meron kung mga hand ito yung parang ilang ka-in ng mga ba ang ibebenta mo we have the standard lot we have the mini lot micro lot nano lot so standard lot it's 100 units so that's 100 units 1 volume 1 lot or yung volume niya 1.00 so per dollar per pip movement niya is equivalent to 10 dollar so kanina in this example that's 1 pip ibig sabihin the value of this is 10 dollars if it moves 2 pips the value will be 20 dollars if you're trading 1 lot 1.00 let's say you're just trading mini lot that's 10,000 units ang ilalagay mo sa platform it's not 1.00 but 0.10 the dollar value will be 1 dollar per pip movement and for micro lot 1,000 units the volume is 0.01 and the dollar value is 0.10 per pip movement and we have the nano lot which is 100 units ang volume niya is 0.001 and the value per pip is 0.01 so mostly for this nano reasons for brokers that has micro account but for those that does not have the micro account this is actually not applicable because the smallest volume that you can trade is this one 0.01 next we also have the bid and ask bid is the price the products trader is willing to sell a currency pair for and ask is the price the trader will buy a currency pair at so in this example so we have EuroUSD the bid price is 1.0151 and the ask price is 1.1053 so this is the first digit will always be the base currency or the counter or currency so for another example let's say we have US dollar versus Philippine peso so the base currency is US dollar the code currency is the Philippine peso meaning to say sa chart it will be 1.00 is equivalent to if whatever the 1.00 and the code currency will be in dollars so for example this okay let's see okay so the the second is the code currency the big sabihin 1 euro is equivalent to 1.051 na the US dollar so same din po US dollar is around 50.20 so the last time I check next okay here's the spread that I mentioned earlier so for the spread so we have the bid price and the ask price so ngamadating example po nito is when we are at the money changer or we are at a bank niba po when you're trying to exchange money at a bank may buy and sell price so it's the same so for x there's buy and sell and there's the spread so spread naman ito yung usually chi na charge ni broker okay the spread so the lower the spread the better kasi ito na yung pinakatransaction cost so if if in this case if you have 0.001 pip na spread that's 10 dollars equivalent pero if your broker has lower then meaning to say you pay lower cost and when you trade makikita mo kasi agad negative yan but if there's a smaller spread, conting movement lang ng market pwede yung positive na agad yung trade mo okay okay next when you're trading we're actually not guessing what the market will do so there are analysis that we can follow or we can help us in making decisions when you're trading so first there are three basic types of forex market there's the fundamental analysis technical analysis and sentiment analysis so isa-isahin natin yan what is fundamental analysis the fundamental analysis is a way of looking at the forex market by analyzing economic social and political forces that may affect the supply and demand of an asset so for fundamentals we are basically talking about news so what is actually happening to the specific country so for example you're trading euro, us dollar what is happening between the euro and the us dollar what are the news na mga nangyayare nakaka-affect mo siya sa currency so if the GDP is bad then it affects the currency employment data trade balance these are high impact news events so ibig sabihin nakaka-affect to siya sa prices ng pairs na tinatrain mo so there are some websites that you can use for this we have Pikmin analysis and also we have other websites like forex factory or investing.com so basically for fundamental analysis you are whenever you have the weak economy the currency value drops so you sell it you will have to dispose your currency that has weaker value and then you have to keep the one with the strong economy or the currency value with the higher the currency pair with the higher value for example for us dollar and philippine peso at the moment of course you would want to keep us dollar because in essence us has stronger economy than the philippines especially during last year na umabot na 53 dollars 53 pesos i mean ang isang us dollar so in those instances of course you would give the dollars and kapan, gumaganda-ganda ng economy ng philippines at mas magiging mataas na na yung value niya na in essence na mataas mo sya sa or mga one is the one yung us dollar but what i'm trying to say is if last year the exchange rate was 53 of course you will hold the us dollar because it has higher value but if mag start na sya to drop from 53 to 52 that's the time you have to change your dollar into peso because mas magiging mataas na yung value niya so here are some economic calendars so in forex market another tool is this is for thickmail we have economic calendar so may mga time po yan you can actually change it GMT plus 8 because that's our time yan po yung ating time so there are specific time na nagsasabi from 8.30 lalabas yung data if it's 8.30 ng gabed and on time po yan 8.30 lalabas yung data depending kung ano market or any country and you can also choose the impact so you can choose the medium to high impact kasi yan po yung most of the time nagpapagalaw din and it will help you check whether a certain currency pair is going up or down next analysis is technical analysis so forex technical analysis involves looking at patterns in price history to determine the higher probability time and place to enter a trade and exit a trade as a result technical analysis in forex is one of the most widely used type of analysis so for technical analysis po we are mainly looking at the chart patterns so there are trend lines that you have to check there are some patterns that predicts the next move of the market although this is not 100% na nangyayare but based on the history say for example based on the history in price action if there's double bottom so kung siya namin natin double bottom ito po yan ok so double one two so double bottom kapag nangyayare ang double bottom ang next move ng market is it will go up so historically mas mataas more than 50% ang chance na tataas siya basta mabrake niya so when you see a double bottom you will buy pero hindi ibig sabihin na at this price pa lang magbabay ka na of course you have to wait for the confirmation so you have to wait for it to break this resistance close above this resistance and start buying so since it's close above resistance you can place your buy here and you can expect some profit there ok so next is sentiment analysis what is sentiment analysis foreign sentiment is another widely popular form of analysis when you see sentiment overwhelmingly position to one direction this means that the vast majority of traders are already committed to that position so ito na po the sentiment mostly is for anubay yung feel ng mga traders currently yung positions nila so in this case makikita niyo po yung sentiment and you can also follow it but not really that much kasi minsan if say for example ah ok dito EuroJPY you are seeing na a lot of people are actually sell so 69% so should I sell na rin of course that's the sentiment but possible din ok marami nang mga sell possible na bumagsak na rin so you still have to again check the support and resistance of the chart ok so how to trade in the market so if we haven't opened up any trading account of course na start trading you have to register in tickmail client area so just go to the website that's htps www.tickmail.com register sa client area dito po just click this create account this one and just fill out the form and then you will have your client area after that of course what you need to do is to get your account validated so for a tickmail we are very strict in terms of validating clients so kailangan fully validated na tayo I think some of the attendees can attest to that kasi I am seeing some clients already so you have to provide one valid ID and one proof of address so the valid ID government issued ID po siya tin PRC voters ID driver's license you may postal ID or accepted but fill health we are not accepting it PNP ID for police or in the military you can also use that ID passport that you can also use and for proof of address na man you can provide utility bill under your name it can be water bill phone bill, cable bill, internet bill or you can also provide bank statement kahit yung first page lang and if it's not available you can also accept birdongay clearance and you can also upload another ID with an address so for example nag upload ganang you made for your proof of identification you can upload your driver's license as proof of address ok next so once it's fully validated the account is fully validated you will have access to your client area so this is an example of a client area so dito po sa part na ito may nakalagay open your trading account so just select which account type classic pro and the VIP and choose which leverage so once you have, you're able to open a trading account ang next is you download the platform saan mo ilalog in so download the mp4 platform and yung client in trading account na in open mo you can download it to the mp4 platform for mp4 it's actually available or the meta trader for it's available in android ios we also have the web trader it's available in mac os and also windows os so for mp4 you are able to trade cfds, sound products, stock indices commodities and bonds it will execute your order with no partial fills as a result of our huge depth of liquidity if you are using ea you can install it in our platform and we also provide bps so for this you can talk to your account manager about the bps service of tickmail it's actually offering free for clients with a specific amount of balance there's also indicators that will help you in your trading and trading signals with an advance notification system so that's available in our mp4 so of course actually download the platform log in your trading account the next step is for you to fund your account so we're very lucky for tickmail we have a lot of ways to fund the account so dito lang you just go to your traders room and then click deposit and you will see these are the payment methods available so we have stick pay net teller, skrill, web money these are online wallet credit card or debit card would be our master card logo bank transfer that's also an option so ito po yung mga funding time as we can do it and the other is in the most convenient way is the philippines online bank transfer if you're familiar with dragon pay and gcash you can use it to fund your account so all you have to do is to click this select and just follow the procedure peding online bank transfer using your mobile app we have ddo metro bank land bank you also have over the counter payments and even services of remittances like sabuana sm bills pay and also yung already pawn shop so may mga ganan din po it's available for dragon pay ito po yung pinakamadali ang processing time for deposit at least within one working day but if you're able to fully verify it then almost instant available na siya sa account and of course ito po ang pinakat the best fee for deposit and withdrawal technique will not charge you anything so lahat po yun free lang namin na may binibigay sa clients we are covering the charges even for bank wire if you're depositing let's say at least $5,000 then we can cover the wire fee that your bank charge you so ganan po ka ba ito tic mill kasi we try to make sure na yung profits that you earn is pure profits talaga wala tayong sobra sobrang please na binabayaran okay so I just wanna discuss about tic mill tic mill is a broker based in the main office are in Cyprus and in United Kingdom and we are a fully regulated broker we have three main licenses we have the FCA UK CISEC in European Union and FSA Seychelles so yun po yung three main licenses na din and we are a big firm with heavily regulated broker so you can be assured that your trading account is safe with us okay next so for trading conditions na man na I mentioned earlier for the spread we start from 0.0 and you that's where most major pairs and we don't have recodes no restrictions on trading strategies and also this is actually aside from trading by yourself you can also opt to become an introducing broker okay so an introducing broker na ba yan it's an IB it's becoming a partner subbroker all you have to do is to refer clients to tick mean and when you refer clients and they actively trade then you can earn from their rebates so the more clients you bring the higher potential that you can also earn so yun nga po besides self trading or if you have EAs you can earn from forex and ito po isa rin naman introducing broker you don't actually need to have a trading account you can be a partner kaya naman we have a lot of clients signal providers they also have EAs so most of them use it they register as an introducing broker tapos yung mga clients na yun binibigyan nila ng 3 EAs tapos when those clients trade at pinaka earnings nila iseng rebates from the trading activities of the clients that they refer so if you want to become an introducing broker since you have a client area na all you have to do is to click IB room na client area and instantly you'll be an IB yun very easy lang don't need to have another website for that in the client area mo and wala tayong masyadong restrictions in terms of how many you can refer kahit isa pala yun na re-refer mo you can earn rebates wala tayong masyadong conditions on that kasi gusto natin the partners are getting rewarded sa mga efforts nila sa pag-refer ng clients so pick min si Scythic Mill din on the website actually kumleto tayo we have webinars, seminars video tutorials, e-books infographics glossary articles, blogs and FAQs actually kanina lang on my facebook account I shared one of the e-books na in offering at Scythic Mill for free about trading the majors so if we're friends in facebook you can get that or if not, it's also available on the website let me show you Scythic Mill website so I'll share my screen so that's the website scythicmill.com so dito po tayo mag-create ng account and once you create ng account you will actually choose Scythic Mill satials okay, so that's satials fill out the form and once you're done you can just you will go to the you will be directed to the client area so since I have my Scythic Mill account na so let's just log in and this is the client area so this is where you will open account tapos dito na rin po lahat trading account, payment history withdraw all transfers ito yung mga available accounts nyo and if you become an IB ito lang po, ito klik nyo lang yung IB room and instantly you will become an IB so you will have your own IB code and referral links under promotional materials okay, so yan piliin nyo lang whether you want the link, banner, logo select which language and yan, pwede nyo napong ishare yung Tick Mill so we have for example the welcome account na live trading na pwede nyo siyang klik lang tapos dibigyan kayo ng link dito just copy it and share it to your friends and your network and once they sign up and start trading then you can also earn from the trading okay so there that's it and for client tools naman we have ebooks na pwede nyo gamitin lahat po yan available for free sa mga clients natin and this is actually one of the best that we give to our future clients the $30 welcome account is an account that we give to the client so live account tapo siya $30 that's live, it's not demo you can start trading this for 90 days once you profit from $30 up to $100 you can you can withdraw it so ensure mo lang na itong terms and conditions this one is mabasa mo siya para at least hindi masayang effort mo pang iwi withdraw mo siya so there are certain conditions that you have to meet although very basic lang naman siya, mahigbet lang din sitik mail sa multiple accounts in one IP address so ensure mo lang that when you open an account a welcome account once na talo yun that's it you will not open another because even if you profit from the second account then you won't be able to withdraw it okay so there just that's it anyone can use this to ensure that you can withdraw I've been seeing a lot of clients who were able to withdraw the profit from the welcome account most of them are able to reach up to $100 so hopefully if you try this welcome account you get to earn profit as well and then you can use it for trading okay so any questions if you have okay any questions I will leave my contact details okay so you can contact me through facebook, telegram, whatsapp viber so this is my number you can reach out to me and we can I can help you get your account started okay so if you have any questions medyo sakto tayo sa time so that's a one hour webinar I want to thank you for participating in this webinar and hopefully you will be able to join by next month will have more advanced session and just feel free to reach out to me if you have any questions again thank you for participating in the webinar of stick mill and happy trading good night