Course introduction:
Have a strong foundation of how the Forex market works
Understand basic concepts such as lot, margin, leverage, margin call
Familiarize yourself with different types of orders
Trade with Meta Trader 4
Use technical analysis for different scenario
Read the economic calendar
Manage risks effectively
Make informed trading decisions
Generate consistent profits in the currency market
Understand what leverage is and how to apply it
Open a MT4 account with a renown broker
Analyze the market with both technical and fundamental analysis
Start trading with MT4
Module 1: Introduction to Forex Trading
Overview of the Forex market
Market participants and their roles
Major currency pairs and their characteristics
Currency quoting and pip calculation
Module 2: Fundamental Analysis in Forex Trading
Introduction to fundamental analysis
Economic indicators and their impact on currency movements
News events and their effect on Forex markets
Interpreting central bank policies and statements
Module 3: Technical Analysis in Forex Trading
Introduction to technical analysis
Candlestick patterns and chart reading techniques
Trend identification and drawing trendlines
Support and resistance levels
Introduction to popular technical indicators (e.g., moving averages, MACD, RSI)
Module 4: Chart Patterns and Price Action Analysis
Common chart patterns (e.g., head and shoulders, double top/bottom)
Japanese candlestick patterns and their significance
Price action analysis and trading strategies
Module 5: Forex Trading Strategies
Scalping strategies for short-term trading
Day trading strategies for capturing intraday price moves
Swing trading strategies for capturing medium-term trends
Carry trading strategies for taking advantage of interest rate differentials
Module 6: Risk Management in Forex Trading
Importance of risk management in Forex trading
Determining risk tolerance and setting trading goals
Position sizing and determining appropriate lot sizes
Setting stop-loss and take-profit levels
Managing risk-reward ratio
Module 7: Forex Trading Psychology
Emotions and their impact on trading decisions
Developing a disciplined trading mindset
Building a trading plan and sticking to it
Managing stress and handling losing trades
Learning from mistakes and continuous improvement
Module 8: Forex Trading Platforms and Tools
Overview of popular Forex trading platforms
Using charting software for technical analysis
Economic calendars and news sources for staying updated
Backtesting and demo trading platforms for practice
Module 9: Forex Trading Strategies for Specific Market Conditions
Breakout trading strategies for volatile markets
Range trading strategies for consolidating markets
Trend-following strategies for trending markets
Counter-trend strategies for reversals
Module 10: Advanced Forex Trading Concepts
Correlation analysis and trading correlated currency pairs
Multiple time frame analysis for improved trade timing
Advanced risk management techniques (e.g., trailing stops, hedging)
Trading with leverage and margin considerations
Developing a personalized trading plan and strategy