Description
1. Introduction to Forex
2. Setting up as a Trader
3. Installing and Configuring MT4/ MT5
4. Chart Reading Essentials
5. Forex Trading Technical Analysis
6. Forex Trading Fundamental Analysis
7. Forex Trading Strategies
8. Your Trading Plan
9. Risk Management
10. Money Management
11. Trading Psychology
12. Continuing your Trading Journey
1. Introduction to Forex
a. What is Forex?
b. Currency pair types.
c. Key terminologies in forex
d. What moves currency pairs in the short and long-term
2. Setting up as a Trader
a. Creating your trading room/office.
b. Selecting a good broker.
c. Setting your trading software
d. Demo vs. Live accounts
e. Websites to use when trading
3. Installing and Configuring MT4
a. Introduction to MetaTrader.
b. Differences between MT4 and MT5
c. Downloading and installing MT4
d. Parts of MT4
e. Setting up trading charts
4. Chart Reading Essentials
a. Introduction to charts in forex.
b. Types of charts in forex.
c. Candlestick charts reading basics.
d. Reversal candlestick patterns
e. Continuous candlestick patterns
f. Support and resistance, channels, and pivot points.
5. Forex Trading Technical Analysis
a. Introduction to technical analysis
b. Technical indicators in analysis
c. Elliot wave analysis in forex
d. Fibonacci retracement
6. Forex Trading Fundamental Analysis
a. Introduction to fundamental analysis.
b. Introduction to interest rates.
c. The economic calendar
d. Trading the news
e. Carry trade strategies
f. Tips for fundamental analysis
7. Forex Trading strategies
a. Introduction to forex trading strategies.
b. Fundamentals of day trading.
c. Using technical analysis in day trading.
d. Fundamentals of swing trading
e. Algorithmic trading
8. Your Trading Plan
a. The importance of writing a trading plan
b. Trading philosophy
c. Trading psychology
d. Trading time frame
e. Daily routine
9. Risk Management
Introduction to risk and risk management.
a. Risk management basics
b. Trading capital
c. Leverage
d. Position sizing
e. Risk management concepts
f. Risk reward ratio
g. Stop loss
10. Money Management
a. Introduction to Money Management
b. Defining risk per trade using position sizing
c. Set a maximum account drawdown across all trades
d. Assign a risk: reward ratio to every trade
e. Use a stop loss and take profit order to plan trade exit
f. Only trade with funds you can afford to lose
11. Trading Psychology
a. Introduction to Trading psychology
b. Why emotions matter when trading
c. Benefits of managing your emotions in the market
d. How to manage your trading psychology
12. Continuing your Trading Journey
a. Introduction
b. Stages all traders go through
c. Growing your trading business
d. Continuous learning
e. Tips and mistakes when trading
