Forex Trader Beginner Guide - Basic Tutorial Course

With the latest technology available nowadays, Trading Forex became accessible to almost every Filipino. And of course we need to understand that Forex Trading is not a get-rich-quick scheme. Proper Forex education is so essential before you decide to risk with real money.

To become a successful Forex Trader, you need to know how the Forex Market works. So whether you want to have some extra income by trading FX or make this as your career, then Education should be your first investment.

What are the things we need to learn;
✔️  Completely understand how the FOREX Market works
✔️  How to Open a FOREX Trading Account
✔️  What are Pips, Points and Lots
✔️  Understanding Leverage and Short Selling
✔️  Learn FX Terminologies like Bid, Ask, Spread, etc.
✔️  What is Technical and Fundamental Analysis.
✔️  Read Charts and Candlestick Patterns
✔️  Filter out noise with indicators
✔️  Platform Navigation with Metatrader 4
✔️  Read and interpret the Economic Calendar.
✔️  Risk Management and manage portfolio

Forex Trader Beginner Guide - Basic Tutorial Course


TOPICS TO BE DISCUSSED



Lesson I: Introduction

1. What Is Forex Trading?
2. Why Do Currency Rates Change?
3. Why Trade Forex?
4. Word of Warning to Forex Traders
5. Detailed View on Currency Pairs
6. Forex Market Structure
7. Trading Sessions
8. How Is Money Made in Forex?
9. Pips
10. Lots
11. Margin and Leverage
12. Trading Orders
13. Demo Trading


Lesson II: Retail Forex Industry

1. Details on Retail Forex
2. Different Types of Brokers
3. Bucket Shops
4. Broker Regulation
5. How to Open a Trading Account?

Lesson III: Analysis Basics

1. Technical Analysis
2. Fundamental Analysis
3. Sentiment Analysis
4. Which Type of Analysis Is the Best?

Lesson IV: Chart Basics

1. Line Chart
2. Bar Chart
3. Candlestick Charts
4. Exotic Types of Charts
5. Which Type of Chart Is the Best?


Lesson V: Chart Lines

1. Support and Resistance
2. Classic and Math-Based Trend Lines
3. Channels


Lesson VI: Japanese Candlesticks

1. Japanese Candlestick Structure
2. Basic Japanese Candlestick Patterns

Lesson VII: Fibonacci

1. Fibonacci Retracements
2. Fibonacci Extensions

Lesson VIII: Indicators

1. Moving Averages
2. Moving Average Crossover
3. Momentum
4. Bollinger Bands
5. Moving Average Convergence-Divergence (MACD)
6. Parabolic SAR
7. Stochastic Oscillator
8. Relative Strength Index
9. Average Directional Index
10. Average True Range
11. Ichimoku Kinko Hyo
12. Leading vs. Lagging Indicators
13. Is There a Best Indicator?


Lesson IX: Advanced Chart Analysis

1. Chart Patterns
2. Pivot Points
3. Basics of Elliott Wave Theory
4. Harmonic Price Patterns
5. Divergence Trading

Lesson X: The Market

1. Classifying the Market
2. Short-Term Trading
3. Medium-Term Trading
4. Long-Term Trading
5. Trading Styles Appropriate in Different Market Types
6. Trading Breakouts
7. Trading Pullbacks


Lesson XI: Fundamental Analysis

1. Why Interest Rates Matter?
2. Monetary Policy for Dummies
3. Reaction to News and Macroeconomic Reports
4. Geopolitical Events
5. News Trading


Lesson XII: Diversity of Forex

1. Major Currency Pairs, Minors, Crosses
2. Multi-Timeframe Analysis (MTF)

Lesson XIII: Sentiment Analysis

1. What Is Market Sentiment?
2. The Commitment of Traders Report
3. Other Ways to Measure Market Sentiment


Lesson XIV: Forex Connections

1. Carry Trade
2. Intermarket Correlations
3. Currency Correlations


Lesson XV: Planning

1. Trading Plan
2. Risk Capital and Realistic Expectations
3. Trading Log
4. Revising the Trading Plan


Lesson XVI: Trading Systems Basics

1. Manual Trading Systems
2. Mechanical Trading Systems
3. Automated Mechanical Systems


Lesson XVII: Risk Management

1. What Is Risk Management?
2. Drawdowns
3. Risk-to-Reward Ratio
4. Position Sizing Explained
5. Popular Position Sizing Techniques
6. Importance of Using a Stop-Loss Order
7. Stop-Loss Methods
8. Scaling In and Out of Positions


Lesson XVIII: Trading Strategies

1. Non-Farm Payrolls
2. Trading the NFP V-Shaped Reversal
3. Opening Range Breakout Trading Strategy
4. Understanding Commodity Correlations
5. What is the Tweezer Candlestick Formation
6. Trading Gold
7. Keys to Trading Gold