Udemy
    •  
    •  
    •  
    •  
    •  
    •  
    •  
    •  
Subscribe
Turn what you know into an opportunity and reach millions around the world.
Learn More
Your cart is empty.
Keep shopping
FOREX Currency Trading For Beginners
Rating: 4.6 out of 5(19 ratings)
112 students
Created byPAUL UGWU
Last updated 6/2014
English

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.

Course content

8 sections • 28 lectures • 4h 5m total length

  • Introduction and Installation of an FX Practice Trading Station.9:59

    Forex Currency Trading for Beginners. This lecture introduces Forex generally and describes the curriculum and what is covered in the lectures. The aim is to get students to learn to trade in a safe practice environment without risk to capital by opening and using a Practice Account from a reputable broker using their FX Market Practice Trading Platform. Students learn to trade small accounts as is likely to be the reality for many.. Students should heed the following:

    Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exist that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

    Any opinions, news, research, analyses, prices, or other information contained on this presentation are provided as general market commentary, and do not constitute investment advice. No liability is accepted for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

    Past performance is not indicative of future results.

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.

Report abuse