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Updated in [May 25th, 2023]
This course, The SECRETS to Profitable Forex Trading, provides an overview of the fundamentals of Forex trading. Participants will learn how to open, close, and modify trades using the trading application, as well as how to use fundamentals and technicals to analyse the market. Additionally, the course will cover proper risk management in order to minimise losses and maximise profits, as well as comprehending trading psychology.
[Applications]
After completing this course, students should be able to apply the knowledge they have gained to their own trading strategies. They should be able to open, close, and modify trades using the trading application, analyse the market using fundamentals and technicals, and understand proper risk management in order to minimise losses and maximise profits. Additionally, they should have a better understanding of trading psychology and how it can affect their trading decisions.
[Career Paths]
1. Forex Trader: A Forex trader is responsible for buying and selling currencies on the foreign exchange market. They must be able to analyse the market and make decisions based on their analysis. They must also be able to manage risk and use proper risk management techniques to minimise losses and maximise profits. The demand for Forex traders is increasing as the global economy continues to expand and more people are looking to invest in the foreign exchange market.
2. Forex Analyst: A Forex analyst is responsible for researching and analysing the foreign exchange market. They must be able to interpret data and make predictions about the future of the market. They must also be able to provide advice and guidance to traders and investors. The demand for Forex analysts is increasing as the global economy continues to expand and more people are looking to invest in the foreign exchange market.
3. Forex Broker: A Forex broker is responsible for connecting traders and investors to the foreign exchange market. They must be able to provide advice and guidance to traders and investors. They must also be able to manage risk and use proper risk management techniques to minimise losses and maximise profits. The demand for Forex brokers is increasing as the global economy continues to expand and more people are looking to invest in the foreign exchange market.
4. Forex Educator: A Forex educator is responsible for teaching people about the foreign exchange market. They must be able to explain the basics of the market and how to use fundamentals and technicals to analyse the market. They must also be able to provide advice and guidance to traders and investors. The demand for Forex educators is increasing as the global economy continues to expand and more people are looking to invest in the foreign exchange market.
[Education Paths]
1. Bachelor of Science in Finance: This degree path provides students with a comprehensive understanding of financial markets, including the Forex market. Students will learn about financial analysis, portfolio management, and risk management. Additionally, they will gain an understanding of the fundamentals and technicals of the Forex market, as well as the trading psychology. This degree path is becoming increasingly popular as more people are looking to become successful Forex traders.
2. Master of Science in Financial Engineering: This degree path focuses on the quantitative aspects of finance, such as mathematical modeling, algorithmic trading, and risk management. Students will learn how to develop and implement trading strategies, as well as how to use data to make informed decisions. This degree path is becoming increasingly popular as more people are looking to become successful Forex traders.
3. Master of Business Administration in Finance: This degree path provides students with a comprehensive understanding of financial markets, including the Forex market. Students will learn about financial analysis, portfolio management, and risk management. Additionally, they will gain an understanding of the fundamentals and technicals of the Forex market, as well as the trading psychology. This degree path is becoming increasingly popular as more people are looking to become successful Forex traders.
4. Master of Science in Quantitative Finance: This degree path focuses on the quantitative aspects of finance, such as mathematical modeling, algorithmic trading, and risk management. Students will learn how to develop and implement trading strategies, as well as how to use data to make informed decisions. This degree path is becoming increasingly popular as more people are looking to become successful Forex traders.
Course Syllabus
3 Secrets to Profitable Trading
Introduction to the Business
4 Key elements of Trading
Introduction to Strategy+Risk+Psychology
Strategy - Enter & Exit Trades
Strategy - Metatrader4 Introduction
Metatrader4 - Open by Market Execution
Metatrader4 - Modify Trades (SL &TP)
Metatrader4 - Close Trades
Metatrader4 - Open by Pending Orders
Introduction to Market Analysis
Market Analysis - Fundamentals
Fundamentals - Examples of Breaking News
Fundamentals - Examples of Scheduled News
Fundamentals - Currency Pairing
Market Analysis - Technicals
Technicals - Price Action
Technicals - Support & Resistance
Example combining Fundamentals & Technicals
Introduction to Risk Management
Risk Management - Minimize Losses
Risk Management - Maximize Profit
Risk Management - Leverage
Risk Management - Equity
Risk Management - Margin
Introduction to Trading Psychology
Psychology - Trading Plan
Psychology - Trading Journal
Psychology - Trading Management
Trading Management - Trailing Stop
Trading Management - Partial Close
Psychology - Trading Goal
Problems Traders are facing
