The Advanced Forex Course for Smart Traders
4.2 (120 ratings)
Instead of using a simple lifetime average, Udemy calculates a course's star rating by considering a number of different factors such as the number of ratings, the age of ratings, and the likelihood of fraudulent ratings.
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The Advanced Forex Course for Smart Traders

Based on the careful study and application of methods from the famous ‘Market Wizards’
4.2 (120 ratings)
Instead of using a simple lifetime average, Udemy calculates a course's star rating by considering a number of different factors such as the number of ratings, the age of ratings, and the likelihood of fraudulent ratings.
7,518 students enrolled
Created by Sam Eder
Last updated 3/2016
English
Price: Free
Includes:
  • 5 hours on-demand video
  • 23 Supplemental Resources
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
What Will I Learn?
Learn the practices and principles of the famous market wizards and how to apply them to Forex trading
Complete a 16 page interactive Forex trading plan template
Align your beliefs with the beliefs of top traders
Develop a big picture model of the market to guide you to where opportunities lie
Learn the basics of trading statistics and probability
Learn how to set effective objectives for your trading
Learn how to build a position sizing model to achieve your goals
Know how to identify the market type and trade the right strategy for the market type
Learn how to identify low risk trade ideas.
Learn how to find high probability set-ups and time an entry to improve the risk/reward ratio
Learn how to use dealing ranges to place your stop-loss
Learn how to adapt your exit strategy to what happens after you place a trade
Learn advanced trade management techniques for scaling-in and out of positions
Learn how to trade around your position and build a "risk-free" position
Learn how to improve your trading system by using advanced position sizing techniques
Learn how to run your trading business like a hedge fund
Develop the mindset of a master trader
Learn in-depth techniques for psychological transformation
Build a daily routine for peak trading performance
View Curriculum
Requirements
  • Students will benefit from having access to Forex charts
Description

The Advanced Forex Course for Smart Traders is based on the careful study and application of the principles and practices of the famous "Market Wizards".

The Market Wizards are the elite traders and investors interviewed by Jack D. Schwager in his Market Wizards series of books.

This includes great traders such as Richard Dennis, Van K. Tharp, Tom Basso and Ray Dalio.

In this Forex course we have isolated what it is these top traders do, and how they think and present it to you in a week-by-week lesson format.

Here are the twenty lessons:

  • The power of beliefs and how they shape your trading
  • The 25 beliefs of highly successful traders and how to model them
  • The scientific path to financial freedom
  • How to develop a compelling model of the forex market
  • How to get an edge and trade like the “house”
  • How to set objectives that let you risk less and win big
  • Why it's through position sizing that you achieve your trading goals
  • The key to Forex system development: market types
  • Damn good Forex set-ups
  • How to stalk a “low risk /high reward” entry point
  • How your stops get hunted and what to do about it
  • Trading what's in-front of you with a complex exit strategy
  • Trading after the trade: advanced trade management techniques
  • How to run your trading business like a hedge-fund
  • How to avoid system death for good.
  • How to develop the master trader mindset
  • The one secret the world's top trading psychologist recommends
  • How trading is a game and you make the rules
  • Constructing advanced position sizing algorithms
  • The 12 daily tasks of top Forex traders
  • How to get in the trading zone like an elite athlete
  • Writing your trading plan and executing your strategy
Who is the target audience?
  • The Advanced Forex Course for Smart Traders is suited to any level of trader whom has a grasp of the very basics. If you’re newer to trading, it will teach you the right way to do things… if you’re experienced it will provide you with more tools and sharpen your mental edge.
  • The course is NOT for students looks for training on basic terminology or how Forex trading works.
Students Who Viewed This Course Also Viewed
Curriculum For This Course
Expand All 25 Lectures Collapse All 25 Lectures 04:55:35
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The Road Map to the Advanced Forex Course for Smart Traders
1 Lecture 10:06

Learn how to get the most out of this course.

The Road Map to the Advanced Forex Course for Smart Traders
10:06
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Lesson #1
1 Lecture 07:40

This lecture emphasizes the importance of your beliefs about the market as you start to formulate your trading plan.

Every action you take is first filtered through your beliefs. If you do not truly believe you can win, you may find trading quite draining and perplexing.

Here’s how to drive your trading planning and performance through the power of self-belief. It’s absolutely essential.

Lesson #1: How Beliefs Shape Your Trading
07:40
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Lesson #2
1 Lecture 16:15

There’s a lot more than numbers and statistics involved in trading at a top level. The market wizards distinguished themselves as truly self-aware and highly emotionally intelligent.

Learn what makes the top traders different, and how to apply the same principles. It’s easier and more rewarding than you might think.

Lesson #2: How to Model the Beliefs of Top Traders
16:15
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Lesson #3
1 Lecture 12:48

Financial freedom is a huge milestone for anyone, but what does it truly mean to you? This lesson is designed to help you conceptualize and set meaningful goals for achieving and maintaining your independence.

By being clear with ourselves on what we expect from financial freedom, and how much money it will take to get there, we are able to formulate good short, medium and long-term milestones to strive for.

Lesson #3: The Scientific Path to Financial Freedom Through Forex Trading
12:48
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Trade Examples AUDUSD
1 Lecture 03:59
View examples of trades based off the principles from this course.
AUDUSD Trade Examples
03:59
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Lesson #4
1 Lecture 07:01

This is our first peek into the market’s many facets and machinations. How the financial system works, why opportunity is everywhere, and how to react when you’re inevitably wrong sometimes.

With a compelling model of the market, you can start to formulate ideas for what will happen when and why. As you get more advanced, you’ll also start to realize the importance of ‘who’ and ‘how’.

This lesson is about how to construct your model from scratch, and then use it analyze the markets

Lesson #4: How to Craft a Compelling Model of the Market
07:01
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Lesson #5
1 Lecture 13:12

A casino tends to win at its own games over time, because it has a built-in edge. This lesson is about how to recognize, develop and apply your very own edge to forex trading.

By developing an edge and properly defining your initial risk, it becomes easy to see the value in stalking great entries. From here on we will redefine the way we express profits, preferring to use a statistical measure based on the initial risk.

Lesson #5: How to Get an Edge and Trade Like the House at a Casino
13:12
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Lesson #6
1 Lecture 11:23

Objectives are the first and most crucial step in system development. We’ve talked about how to create a model, and now we want to create a system to put that model into effect.

How much do you want to make? How much can you stand to lose? How will you recover if you lose too much? These are important considerations that will drive the basis for your system.

Lesson #6: How to Set Forex Trading Objectives that Let You Win Big
11:23
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Lesson #7
1 Lecture 11:26

Your model and system let you identify and trade opportunities. Your position sizing is what determines how much you stand to make, and how much you may lose.

Sizing your positions strategically is most valuable when done in line with clear objectives. If you identify a high-probability trade, it’s only natural that you configure the risks and rewards to benefit you most. Here’s how.

Lesson #7: You Achieve Your Goals Through Your Position Sizing Not Your Entry
11:26
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Lesson #8
1 Lecture 10:37

It is much easier to build a winning system for one or two market types, rather than waste time and energy looking for the holy grail system that works in all market types.

In this lesson you will learn an easy-to-use visual approach to market type identification.

Lesson #8: The Key to Forex System Development: Market Types
10:37
14 More Sections
About the Instructor
Sam Eder
4.2 Average rating
120 Reviews
7,518 Students
1 Course
Macro Forex Trader

Sam has been trading since 2007. Sam is an ex-army officer and he holds a masters in Leadership. In 2008 Sam joined one of the top 10 Global Forex brokerages, where he worked in both Australia and Singapore. Since then he started a share investing business, SpoonFed Investor and Forex trading business FX Renew.

Strategy

Heavily influenced by the Market Wizards, the following are five of Sam’s core beliefs on trading:

  • Entries give you an edge but position-sizing is how you achieve your trading objectives
  • It’s how you trade the market after you enter that matters
  • Work on your belief structure first. It will change everything
  • Mistakes kill trading systems, so learn to be in the zone and be mistake free
  • Trading is 100% psychology, as everything from placing a trade to developing systems is about the quality of your decisions.

Sam’s trading style is rules based discretionary. He looks to define the market type and direction using fundamentals and technicals, and then uses price action to stalk an low risk/high reward entry across time frames.