Course Description
Forex trading is the buying and selling of currencies on the foreign exchange market with the aim of making a profit. It is a highly volatile and fast-paced market, and trading requires extensive knowledge and skill. In this course, we will cover everything from the basics of forex trading to advanced trading strategies and risk management.
Course Outline
Chapter-1: Introduction to Forex Trading
- What is forex trading?
- How does the forex market work?
- Major currencies and currency pairs
- Factors that influence the forex market
- The role of brokers in forex trading
- Understanding forex quotes and spread
Chapter-2: Fundamental Analysis
- What is fundamental analysis?
- How to analyze economic indicators and news releases
- Understanding central bank policies and their impact on the market
- How to use fundamental analysis to make trading decisions
Chapter-3:Technical Analysis
- What is technical analysis?
- How to read charts and use technical indicators
- Identifying trends and trading opportunities
- Understanding support and resistance levels
- How to use technical analysis to make trading decisions
Chapter-4: Trading Strategies
- Introduction to trading strategies
- Trend following strategies
- Range trading strategies
- Breakout strategies
- Scalping strategies
- Swing trading strategies
- Position trading strategies
Chapter-5: Advanced Trading Concepts
- High-frequency trading and algorithmic trading
- Using trading robots and Expert Advisors
- Managing multiple accounts and portfolios
- Trading during news events and high-volatility periods
Chapter-6: Risk Management
- The importance of risk management in forex trading
- How to manage your trading capital
- How to calculate your position size
- Setting stop-loss and take-profit orders
- Managing your emotions and psychological biases
Chapter-7: Trading Psychology
- The psychology of trading
- Common psychological biases in forex trading
- How to develop a winning mindset
- Dealing with losses and setbacks