Course Mode Highlights
Join Us on Telegram Forex Trading
1.1 What is Forex?
- Definition of Forex (Foreign Exchange Market)
- History and evolution of Forex
- Importance of Forex in the global economy
1.2 How the Forex Market Works
- Currency pairs (Major, Minor, Exotic)
- Bid, Ask, and Spread
- Forex market participants (Banks, Governments, Retail traders, etc.)
1.3 Forex Market Hours
- Trading sessions (New York, London, Tokyo, Sydney)
- Understanding market overlap and the best trading times
1.4 Basic Forex Terminology
- Pips, Lots, Leverage, Margin
- Long vs. Short positions
- Types of orders (Market, Limit, Stop, etc.)
- Module 2: Getting Started with Forex Trading
2.1 Setting Up a Forex Trading Account
- Choosing a reliable Forex broker
- Steps to open a trading account
- Understanding account types (Standard, Mini, Micro)
2.2 Forex Trading Platforms
- Introduction to popular trading platforms (MT4, MT5, etc.)
- Navigating the platform (Charts, Indicators, Order placement)
2.3 Demo Trading
- Importance of practicing with a demo account
- How to use a demo account effectively
- Transitioning from demo to live trading
2.4 Understanding Currency Quotes
- Base currency and quote currency
- Reading and interpreting currency quotes
- Module 3: Fundamental Analysis
3.1 Introduction to Fundamental Analysis
- Calculating position size based on account balance
- Risk percentage per trade
4.1 Setting Stop Loss and Take Profit
- Scalping, Day Trading, Swing Trading, Position Trading
- Pros and cons of each strategy
4.2 Creating Your Trading Plan
- Setting trading goals
- Identifying trading opportunities
- Developing entry and exit rules
4.3 Backtesting and Optimizing Strategies
- Importance of backtesting your strategy
- How to perform backtesting on historical data
- Optimizing your strategy for better performance
- Module 7: Advanced Forex Concepts
5.1 Understanding Leverage
- How leverage works in Forex trading
- The risks and rewards of using leverage
- Managing leveraged positions
5.2 Margin Trading
- What is margin?
- How to avoid margin calls
- The impact of margin on your trading strategy
5.3 Hedging in Forex
- What is hedging?
- Different hedging strategies
- Pros and cons of hedging
5.4 Forex Trading Psychology
- Conducting mock trading sessions
- Reviewing trades and identifying areas for improvement
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