Description
This is a course that will enable you to learn the business of Forex Trading from scratch. In this course, you will be able to learn: What is Forex Trading and how it works. Why start Forex Trading. How to get started in Forex Trading, that is choosing a broker and opening a trading account. All the Forex Terminologies, like currency pairs, pip, leverage, lot size and the simple calculations behind them. How to use MetaTrader 4, which is the main trading platform and place a trade. Setting Take Profit and Stop Loss orders. Risk management and Position sizing. Selecting the best Time Frame. Technical Analysis, that is, Chart and Candlestick patterns, Indicators, Trend, Support and Resistance. Fundamental Analysis in Forex Trading. Trading strategies. Mistakes traders make and avoiding them. Trading Psychology and essential skills for successful Forex Trading. The subtopics of the course will be: What is Forex TradingWhy start Forex Trading, and how to get started in Forex TradingHow to read and interpret a Currency Pair quoteWhat is a PipForex Price TerminologiesWhat is LeverageWhat is Lot SizeWhat is Pip ValueForex CandlesticksInstalling MetaTrader 4, and opening a Demo AccountMetaTrader 4 Masterclass. The four major tabs of MetaTrader 4Take Profit and Stop Loss ordersSelecting the best Time FrameRisk Management and Position Sizing in Forex TradingRisk to Reward ratio in Forex TradingIntroduction to Technical AnalysisIdentifying Trends in the Forex MarketSupport levels in the Forex MarketResistance levels in the Forex MarketThe major Chart Patterns in Forex ChartsThe most important Candlestick shapes and patternsThe most useful Forex IndicatorsHow to place Live Trades skillfullyHow to exit Live Trades skillfullyFundamental Analysis in Forex TradingFormulating a Trading Strategy and BacktestingConsistent execution of Trades and JournalingThe major Misconceptions and Scams in Forex Trading
