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Forex Trading Beginner Course by ~ Michael Harding
Rating: 3.9 out of 5(209 ratings)
7,187 students

Forex Trading Beginner Course by ~ Michael Harding

We help you get funded with prop firms like FTMO, MyForexFunds, ThePropTrading, TrueForexFunds, etc..
Created byMichael Harding
Last updated 4/2024
English
English [Auto],

What you'll learn

  • How to Open a Demo Account With MetaTrader 4 & 5
  • How to Read Charts and Understand Technical Analysis
  • How to Spot Low Risk Trading Opportunties
  • About Technical Indicators and Confirmations
  • Manage Risk and Your Own Trading Account
  • How to Execute Trades, Place Take Profits and Stop Losses
  • Financial Market Psychology
  • The Importance of Risk Events and the Economic Calendar
  • Understand the Basics of a Professional Trader's Mindset

Course content

2 sections • 18 lectures • 1h 59m total length

  • Getting Started23:11

    Learn the basics of forex trading, including currency pairs, leverage, and risk management with stop losses and take profits, and how to place pending orders on trading view.

  • MetaTrader5 (MT5) and Opening a Demo Account5:14
  • Deciding on a Forex Broker5:33
  • MT5 Initial Setup3:41

    Learn to set up MT5 charts and layouts by configuring market watch, time frames, default templates, and color schemes, while removing indicators and organizing pairs for quick access.

  • Executing Trades - Open & Close (Pendings, Stop Losses & Targets)9:13

    In this lecture you'll learn how to place trades with targets and stop losses. You'll also learn the 4 different types of pending orders. 

  • Volume - Lot Sizes - Margin & Leverage8:39

    Explains volume, lot sizes, margin, and leverage in forex trading, showing how 50:1 to 200:1 leverage affects capital, margin, and pip value for $100,000 trades, plus margin calls.

  • Pips, Spreads and Broker Commissions2:42

    Understand how pips, spreads, and broker commissions affect forex trading profits. See examples showing how ten pips move prices and how spreads set the broker's cost.

  • Forex Trading vs Stock Trading4:29

    Compare forex and stock trading by examining pip spreads and broker commissions. Learn about one-cent stock spreads, a $10 fee, and using CMC Markets with patience to find setups.

  • Price Alerts4:31
  • Basic Risk & Money Management8:32

    Master basic risk management in forex by applying the 3 percent rule and setting stop losses. Maintain a rational mind to avoid emotional trading and protect capital.

Requirements

  • You should be able to use a PC at a beginner's level

Description

Hello and welcome to the Forex Trading Master Class for Beginners where I transform new comers into professional profitable traders in a short period of time.

I'll do this by first teaching you the essentials like... what is forex, how traders make money, why traders need brokers and how to effectively use leverage with risk management to maximize your gains and limit your risk.

Following the essentials you'll learn everything about technical analysis and how to use and optimize the trading software like MetaTrader 4 and MetaTrader 5

Then we'll dive into learning about fundamental analysis and key macro economics that move the market. You'll also learn a lot about strategy development, trade planning, risk management, and lots more.

So if you're eager to learn, let's get you enrolled today. I'm Michael Harding and this is my Master Class.


== IN THIS COURSE YOU'LL LEARN ==

  • What is Forex?

  • How to Select a Forex Broker

  • Why Traders Need Leverage?

  • How to Open a Live & Demo Forex Trading Account

  • How to Optimize MT4 & MT5

  • Technical & Fundamental Analysis

  • Charting Techniques & Technical Indicators

  • How to Read Price Action

  • How to Spot High Probable Trading Opportunities

  • How to Enter & Exit Trades

  • Strategy Development

  • Risk Management & Protective Stops

  • Position Management & How to Hedge

  • Trade Planning

  • The Biggest Mistakes Traders Make & How to Avoid Them

  • How to Pass Prop Firm Challenges and Copy Other Traders

  • & Lots More!


Who this course is for:

  • This course is for beginners

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