Description
This course material is mainly designed as a foundation course for all who are willing to learn Forex Trading. The prime objective of the course is to lay a strong foundation for the learner regarding the basics of Trading. As we all know, the foundation is the most essential part of any structure. A building can afford any number of floors over it only if its foundation is strong enough. In the same way, we need to first acquire a thorough knowledge about all the basics in trading, so that we can advance further in a smooth way.
By deciding to learn and follow trading, you are entering into a serious business world and hence you should train your mind to think so. As in every business, there are certain points that each trading aspirant has to first understand - like,
The basics of trading business
What is the profit in it
What are the risks incurred
How to overcome the risk
How to overcome the loss, if any
What is Forex Business
What are the traps waiting
Considering all the above points, in our course, we take you through a series of videos that cover the entire basics of Forex trading business.
The course is structured such that it takes you through different sessions that explains all that a trader needs to know, clears the doubts in the mind of trader, give a thorough basics knowledge and exposure to trading world.
The topics covered are,
What is traded in Forex Business
What is Forex Trading or currency trading and how does this business happen
What are Major Currency Pairs in Forex
What are Cross currency pairs in Forex
Market Size and Liquidity of Forex market
Why is Dollar called as King in the Forex Business
Different Ways to trade Forex
Effect of Forex market on other financial markets
Who Trades Forex
Forex market Business participants
Difference between Forex Market business and Other financial Markets
Advantages Of Forex Trading over other markets
We also take you through the different types of analysis done in Forex market business like,
Fundamental analysis
Technical analysis
Sentimental analysis
Without knowing the terminologies used in the trading world, you cannot take even a single step in the trading business world. So in our videos, we are giving a detailed explanation of all the terminologies used, which includes,
Defining pip
Reading the currency quote in Forex
Explanation of bid and ask prices
Leverage
Margin
Equity
Balance
Lot
Spread
Commission
Stop loss
Take profit
Trend
Short selling in Forex
How a trader make money in Forex is illustrated with examples. One of the highlights of trading is that we can grab the opportunities in our business by placing pending orders. Hence it is explained in detail with examples as,
Types of orders
Market orders
Pending orders (Sell Stop, Buy Stop, Sell Limit, Buy Limit)
While in business, you should know about the best time to do the business. So, time of trade is an important factor, and hence we have developed videos on,
Forex Trading Sessions
Best Time of Day to trade Forex
Best Time of the Week to trade Forex
Worst Time of a day to trade Forex
The success in every business lies in knowing the areas where we might get cheated or where the traps are laid for us. We will take you through different types of frauds and scams that you should be aware of and should avoid under the following videos,
Choosing a broker for your trading business
How to recognize a cheating broker and avoid dealing with them
Forex Frauds
Once you understand about selecting brokers and also the frauds, we will guide you step by step on how to register and open an account. That is, we are giving guidance on how to start your own business with the help of below videos,
Opening a Trading Account with the right broker
How to deposit and withdraw money from brokers
The registration process of one broker
Once you register with broker, it is time to execute the trading business. So our next step is to help you download and make you familiar with the tool that we use for trading business. The following video session covers,
Downloading your trading terminal platform
Opening a demo account for practice with real time environment
mt4 trading terminal introduction
Customizing chart
Placing your first market order
Setting up your mt4 terminal
Adding indicators to your mt4
Setting up profiles in your mt4
In addition to all above, we provide you with videos on some technical tools that are helpful in the trading business like,
Trend is your friend
Identifying Trend
Explanation of moving average indicator and how it works
Placing Pending Orders
Drawing support and resistance lines
Trend-lines
Introduction to candlesticks and price action
Why indicators are delayed
Why choose Price Action
Types of signals, continuation and reversal pattern signals etc…etc…
We are giving you more awareness additionally about trading world through below videos,
Legends of Forex trading
Why many traders fail in this Forex business
What type of trader you are
Swing trading (long term trader)
Speculator
Position Holder
In future, we will be adding more videos which will be available for free along with this course.
The ultimate objective of this course is making you understand the foundation of Forex trading business in detail and it is done systematically. Now the next question will be ‘What is next’ after completing this course !!!
We have the answer for it…Watch our video “What’s Next”…
In this video, we guide you to the next step to be followed to become the most successful trader…
Thank you and wish you all success, as you enter into the trading world.
Requrirements
Requirements
Willingness to learn.
Someone who has an attitude to make money. Its an easy business, if done systematically.
Anyone can learn. Educational background on finance is not required.