Course Description:
This course is designed for individuals who are new to forex trading and want to learn the basics of the industry. Forex, or foreign exchange, is the market where currencies are traded globally. In this course, students will learn what forex is, how the interbank market works, and how to use leverage and margin to increase their trading power. They will also learn about pip values, risk management techniques, trading psychology, and various types of trading pairs.
Course Content:
- Introduction to Forex Trading: Understanding the Market
- Interbank Market: How it Works
- Leverage and Margin: Increasing Trading Power
- Pips: Understanding Pip Values
- Risk Management: Techniques to Minimize Risk
- Trading Psychology: The Importance of Mindset
- Trading Pairs: Types and Characteristics
- Lot Size: How to Calculate and Use It
- Equity: Understanding Your Trading Account Balance
- Market Participants: Who Trades in Forex
- Trading Charts: Understanding Price Movements
- Candlesticks: How to Read Them
- Technical Analysis: Using Charts to Predict Price Movements
- Fundamental Analysis: Analyzing Economic and Political Events
- Creating a Forex Account: Using a Forex Broker
- Using MT4: Desktop and Mobile Versions
- Order Types: Sell Limit, Buy Limit, Sell Stop, Buy Stop
- Using TradingView: Desktop and Mobile Versions
- Indicators: Using Them to Analyze Price Movements
- Currency Calculation: How to Convert Currencies
Course Goals:
Upon completion of this course, students will have a strong understanding of the basics of forex trading. They will be able to explain what forex is, how it works, and the various market participants involved. Students will also understand the use of leverage and margin, pip values, and risk management techniques. Finally, students will be able to use various trading platforms, including MT4 and TradingView, and will have a solid foundation in technical and fundamental analysis.
Course Duration:
This course is designed to be completed in approximately 6-8 weeks, depending on the pace of the student.
Prerequisites:
There are no prerequisites for this course. However, it is recommended that students have a basic understanding of financial markets and instruments.
Assessment:
The course will include quizzes and assignments to test the students’ knowledge and understanding of the material. There will also be a final exam to assess the overall learning outcomes.
