Forex Trader Course

What you’ll learn

1. Introduction to Forex

  • What is Forex?
  • Currency pair types.
  • Key terminologies in forex
  • What moves currency pairs in the short and long-term

2. Setting up as a Trader

  • Creating your trading room/office.
  • Selecting a good broker.
  • Setting your trading software
  • Demo vs. Live accounts
  • Websites to use when trading

3. Installing and Configuring MT4

  • Introduction to MetaTrader.
  • Differences between MT4 and MT5
  • Downloading and installing MT4
  • Parts of MT4
  • Setting up trading charts

4. Chart Reading Essentials

  • Introduction to charts in forex.
  • Types of charts in forex.
  • Candlestick charts reading basics.
  • Reversal candlestick patterns
  • Continuous candlestick patterns
  • Support and resistance, channels, and pivot points.

5. Forex Trading Technical Analysis

  • Introduction to technical analysis
  • Technical indicators in analysis
  • Elliot wave analysis in forex
  • Fibonacci retracement
  • Andrew’s Pitchfork

6. Forex Trading Fundamental Analysis

  • Introduction to fundamental analysis.
  • Introduction to interest rates.
  • The economic calendar
  • Trading the news
  • Carry trade strategies
  • Tips for fundamental analysis

7. Forex Trading strategies

  • Introduction to forex trading strategies.
  • Fundamentals of day trading.
  • Using technical analysis in day trading.
  • Fundamentals of swing trading
  • Algorithmic trading

8. Your Trading Plan

  • The importance of writing a trading plan
  • Trading philosophy
  • Trading psychology
  • Trading time frame
  • Daily routine

9. Risk Management

  • Introduction to risk and risk management.
  • Risk management basics
  • Trading capital
  • Leverage
  • Position sizing
  • Risk management concepts
  • Risk reward ratio
  • Stop loss

10. Trading Psychology

  • Introduction to Trading psychology
  • Why emotions matter when trading
  • Benefits of managing your emotions in the market
  • How to manage your trading psychology

11. Continuing your Trading Journey

  • Introduction
  • Stages all traders go through
  • Growing your trading business
  • Continuous learning
  • Tips and mistakes when trading