Forex Trading Course For Beginners
Genre: eLearning | MP4 | Video: h264, 1280x720 | Audio: AAC, 44.1 KHz
Language: English | Size: 3.93 GB | Duration: 5h 16m
Learn the simple, professional art of Forex trading online
What you'll learn
What the Forex market is, how it works, what the relationship between currencies is, and what makes them change.
Where to get software for trading charts, trading platforms, news feeds and time zone differences - a lot of it is even FREE!
How to set up your charts and platform to track the changes in exchange rates, your trades and your profit history
How to add indicators and lines to your charts to identify low risk/high reward trading opportunities, using the professional G7 Forex trading system
Requirements
You don't need to be a 'pro, because I've boiled down the very best of my 18+ years of professional Forex expertise into a simple, step by step video training which literally anyone can easily follow and implement.
Description
Here's What You'll Discover In This Forex Video Course...
Video 1: What Forex is, and what is the relationship of one currency against another. What affects their relationships, how they are traded on the multi-trillion dollar foreign exchange market, and how this provides you with an opportunity to harvest profits from the moves that take place.
Video 2: Which currency pairs you should trade, the "minors" vs. "the majors", why and how are they different, better or worse, how many pairs you should consider, how to select them on your charts and trading platform and what times of the day each pair is likely to provide the best opportunites for trading.
Video 3: Opening a live or a demo (practice) trading account; from service provider selection, registration, installation and setting up on your laptop, desktop or even your mobile device. Which are the best options for demo and/or live accounts and how to access all of it without paying a penny to get going. And, how to fund your trading account, should you wish to start trading with real money!
Video 4: Opening a FREE Forex charting service (your charts are the heart of your trading system) from chart provider selection, registration, installation and setting up your charts with the essentials to get started. (Like the trading platforms, you can choose either a web-based platform, a computer app., or an app. for your mobile device).
Video 5: An introduction to candlestick charting (crucial for understanding the market), including; what a candlestick is, what time-frame we observe on the charts, single and multi pair reversal patterns, what price action is, and what it means to the trader, the use of candles in conjunction with other indicators, and my favourite, most profitable candle patterns.
Video 6: What is a pip and how to calculate the number of pips in each move, how much money you gain or lose per pip, depending on your trading lot size (lots refer to the amount of money you allocate to each trade, and the currency pair(s) you are trading. The "pip" is the most important concept in your trade excecution.
Video 7: Next we move into setting up your chart indicators, beginning with support and resistance lines - horizontal lines placed on your chart which indicate important price points in the market from where trades may be considered (depending on other indicators and candlestick price action). If you had nothing else available to you, support and resistance lines by themselves would be enough to profitably trade the Forex market moves.
Video 8: A fun little interlude from the technical stuff (we all need a breather sometimes) - A song by a famously successful market trader with some vital trading concepts in the lyrics. Like I said, a bit of fun, but with a very vital message from an expert. Play this every day before you start trading
Video 9: Trend lines and how to use them. Trend lines are angled lines you place on your charts to indicate reversal points, retracement levels, trade opportunities, overall market direction and sentiment. We look at longer and shorter term trend lines and how to combine them to identify high probability trading zones on your charts.
Video 10: Fibonacci levels (Fibs). These appear to be very mysterious levels on your charts where trade opporunities can be picked with a very high success rate. I say "appear" because the mystery is actually mathematically explainable, and I'll tell you about it inside (this fascinates me, because I have post-grad degrees in math). But, fibs are certain levels on the charts we all watch very carefully, because they really work. I'll show you where they are and how to trade them.
Video 11: Indicators. These are very useful in both trending and ranging markets to identify what I call "no brainer" trade opportunities. You'll learn about Stochastics, Bollinger Bands and Moving Averages - the only three indicators I personally use on my trading charts. These indicators add to the already accurate tools in the previous videos.
Video 12: Money management and trading. Here I show you several live trades on my personal account and discuss crucial money management factors such as leverage, lot size vs. account balance, percentage risk and percentage reward, risk-reward ratios, stop losses and take profit levels in terms of pips and price levels and more. This video is incredibly important, as money management (or lack thereof) is often the trader's downfall, even if they understand everything else.
Video 13: Final video in which I discuss monthly targets in terms of pips and percentage growth of your account. I also talk about trading time ones and what to expect from the European, Asian and New York trading sessions, plus when news announcements come out and which announcements are important and how to react to them. Finally, I talk about the greatest challenge of them all - trading psychology, and how to deal with the perils of anxiety, fear and greed when you are in the cut and the thrust of the market trading times.
Who this course is for
Beginner and experienced Forex traders and those interested in trading for a living
Screenshots
