Forex Trading – Basic Course

About Course

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 trading pairs.

 

Course Goals:
Upon completing this course, students will have a strong understanding of the basics of forex trading. They can explain forex, its workings, and the various market participants involved. Students will also understand 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 2-4 weeks, depending on the student’s pace.

 

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 students’ knowledge and understanding of the material. There will also be a final exam to assess the overall learning outcomes.

 

Final Exam: At the end of the course, students will be required to complete a final exam that tests their overall understanding of the material covered in the course. The final exam will be designed to ensure that students have met the learning outcomes for the course.

 

The course material will be delivered through our online learning management system (LMS), allowing students to access the lectures, readings, and practical exercises from anywhere with an internet connection. The LMS will also provide a platform for communication between students and instructors and for submitting quizzes, assignments, and the final exam.

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Course Content

Introduction to Forex Market
How it works, and the major players in the market.

Trading Psychology & Risk Management
Psychological aspects of Forex trading & risk management

Concept of Terms: Leverage, Margin & Pips
Essential tools in forex trading

Concept of Terms: Trading Pairs, Lot Size, Equity, Spread, Swap
two currencies that are being traded in a forex transaction, unit of measurement used to determine the size of forex trade.

Concept of Terms: Chart, Time Frame, SL & TP and Candlestick

Market Participants
Different types of market participants in the forex market

Types of Analysis
Technical Analysis and Fundamental Analysis

Creating a Forex Account
create a forex account with a broker and the requirements for opening an account.

Using MT4 on Laptop/PC and Mobile
how to use the MetaTrader 4 platform on a laptop/PC and mobile device.

Types of Orders
Different types of orders can be placed in forex trading.

Using TradingView on Laptop/PC and Mobile
How to use TradingView, a popular platform for analyzing financial markets.

Indicators and Currency Calculation:
Different types of indicators used in forex trading and how to perform currency calculations.

Grand Test

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