FOREX Currency Trading For Beginners

Name: FOREX Currency Trading For Beginners
Rating: 4.7 (14 reviews)

Learn How To Trade Small Accounts with an FX Practice Trading Station.

(14 ratings)

98 students

Created by PAUL UGWU

Last updated 6/2014

English

English [Auto]

What you'll learn

Course Goal: By the end of this Beginners Forex Trading Introduction Course, beginning traders will understand all the basics of the Forex market and Forex trading. You will be able to comfortably execute well analysed trades in FX Trade Platform.
Course Objectives: In this course you will learn the following: Common FX Terminology, The Basics of Price Action Trading, Forex Charting, Technical Analysis, Fundamentals Forecasting and News, Traders Psychology, Money and Risk Management, Working on an FX Trading Station, and many more important subjects.

Requirements

No prerequisite knowledge of the FX market is required.
General familiarity with the use a computer is required. Students will require a computer with internet connection able to stream live data at reasonable speed. The course also requires the student to download an FX Trade Practice Demo account from www.Oanda.com.
In addition, students will need positive and objective mindset with ability in critical thinking and reserves of persistence to learn a new rewarding skill. Success in the FX markets require methodical and rational approach, rather than a disposition to swings of emotion and hope in the execution of trades.

Description

Learn Forex Trading. Trade under real market conditions as long as you want, risk free, using a Practice trading platform which gives you virtual money that never expires.

The Foreign Exchange (often abbreviated as Forex or FX) market is the largest market in the world with daily trading volume of over 3.9 $trillion. With its high liquidity, low transaction cost and low entry barrier, the 24-hour market has attracted investors around the world.

Recent technological advancement has broken down the barriers that used to stand between retail clients of FX market and the inter-bank market. The online Forex trading revolution originated in the late 90's, opening doors to retail clients by connecting the market makers to the end users.

A chart is the most important tool for understanding what is going on in the market. Almost all traders today, particularly those who trade actively, use their preferred types of charts to analyse the market. In the end, a chart is a visual representation of the price movements, a reflection of the psychology of the market and a visualization of the interaction between buyers and sellers in the market.

This course is structured in short and easy to follow format and is targeted at students who want to trade small accounts and learn to trade in the FX markets. The course introduces the student to experience the forex trading environment and learn with real time data flow with a reputable broker in a practice trading platform. An easy to follow, methodical approached is taught to shortlist current pairs with high probability of success. time market entry, profit taking and stop loss. Students are taught techniques for capital preservation.

Who this course is for:

This course is intended for beginners new to Forex Markets. It is also aimed at experienced traders looking to improve their skill in FX trades.
The course assumes no knowledge of the FX markets. Students learn the common FX terminology to gain familiarity with the market before proceeding to more advanced concepts. The course will also be beneficial to students who are experience in the FX markets. For these students the course will offer simple, methodical and well thought through approach to short listing and executing trades in the Forex market with high probability of success. To all students it will also offer tips on risk management, position sizing and capital preservation.

PAUL UGWU

Architect

4.3 Instructor Rating
579 Reviews
2,793 Students
4 Courses

Paul has over 25 years experience in the construction industry, designing and managing all phases of building projects. Paul was educated at the University of Cambridge and at London South Bank University. He has a Master of Science degree in Architecture and another Master of Science degree in Construction Management. He holds a CertHE in Conservation. He has extensive first hand personal experience of Building Information Modeling and the use of computer software like Autodesk Revit, 3dStudioMax and AutoCAD in the design of Buildings.

Paul's other passion is a keen interest in the financial markets, especially, FOREX currency markets.

You wouldn’t believe the freedom that studying this course offers. Sign up and find out for yourself why so many people are taking and recommending this course. I genuinely believe it’s one of the best on the market..