Forex Trading Essentials (Beginner Course):
Overview:

This course is designed for those who are new to Forex trading. You’ll gain a solid understanding of the Forex market, key trading concepts, and how to place your first trade confidently.

What You’ll Learn:
1. Introduction to Forex Trading

• Basics of the Forex market: Understanding currency pairs, pips, and spreads.
• Key market participants: Identifying banks, institutions, and retail traders involved in Forex.
• Overview of trading sessions: Exploring the characteristics of the London, New York, and Tokyo trading sessions.
• Basic order types: Learning about market, limit, and stop orders.

2. Reading Price Charts & Technical Indicators

• Types of charts: Familiarizing yourself with line, bar, and candlestick charts.
• Support and resistance levels: Understanding how to identify key price levels.
• Common indicators: Using moving averages, RSI, and MACD to inform trading decisions.
• Understanding time frames: Differentiating between short-term and long-term trading perspectives.

3. Building a Basic Trading Strategy

• Importance of having a trading plan: Recognizing why a structured approach is essential for success.
• Overview of strategies: Exploring various strategies like trend-following, range, and breakout trading.
• Backtesting strategies: Learning how to test strategies on historical data for effectiveness.
• Setting realistic goals and profit targets: Establishing achievable objectives to guide trading activities.

4. Risk Management Techniques

• Position sizing and risk per trade: Applying the 1-2% rule for capital protection.
• Using stop-loss and take-profit orders: Understanding how to manage trades effectively.
• Risk-reward ratios and trade profitability: Calculating and analyzing ratios for informed decision-making.

5. Additional Insights

• Emotional discipline: Managing emotional aspects and controlling trading psychology.
• Introduction to fundamental analysis: Understanding the impact of economic news and events on the market.

Bonus Material

• Free Basics Ebook: Each participant receives a complimentary basics ebook to enhance their learning experience.