Forex Trading for Beginners

It will teach you how to use pivot levels to guide your currency trading to success.

Created byMichael Randell

Last updated 4/2013

English

What you'll learn

Learn How To:
Download and install free software for viewing charts.
Customise your Forex charts for maximum effectiveness.
Understand market prices and what they mean.
Use your price chart to easily see price patterns.
Control your Risk so that you can succeed where 95% of other traders fail.

Course content

2 sections • 21 lectures • 5h 17m total length

Download and Install Meta Trader 44:22
The very first step is to download and install Meta Trader. We will cover that, and opening up an

account with Meta Trader.
Quick Start Tutorial20:26
We will show you how to get started with customized screens, so you can explore the currency pairs at your leisure.
Basics 1, Template and Profile17:55
We will go over the account set-up again. Here you will have the opportunity to choose the level of leverage, 1-100 meaning basically if you had $1000 in the account; you would control a Forex contract worth $100,000. We will also learn the Meta Trader platform.
Basics 2, Template and Profile13:26
The last video we started to construct this profile, EURO dollar, US dollar, and will continue with that in this video. We will start off with an hourly chart changing the time frame any way you like, and will demonstrate it here.
File Menu Tutorial10:31
We are moving right along, we successfully installed the Meta Trader client terminal, and the client terminal is what we will be seeing on the screen. It’s capable of receiving quotes and news, performing trade operations, buying and selling, managing and controlling open positions. Also, a host of indicators are available, and we will go over these in this video.
View Menu Tutorial6:27
In this video, we will cover the view menu. Starting off with Languages in the sub menu, Then over to tool bars and managing tool bars.
Insert Menu Tutorial15:36
Welcome to the insert menu module. Before we get started with this module, we will open up a chart to work with. This is where many of the goodies of Meta Trader are located and we will explore all of them. Like indicators, moving averages, and changing colors. We will show you how to change moving averages.
Charts Tutorial17:20
In this module, we will maximize the Euro dollar-US dollar chart here. We will go over Objects in sub menu where we will find a list of objects, hot keys, candlestick, bar charts, line charts, and foreground charts. And explain how to use these charts with our example.
Tools and Menu Totorial24:28
We are going to explore the first item in the tools menu which is New Order. This shows us where the prices are, and we can instantly click- buy or sell putting us immediately into position. This is called a market order; we will learn how this works.
Window and Help Menu2:49
Starting off with Window, New Window sub menu, Standard Chart, Cascade, Pal Horizontal, Pal Vertical, and arranging icons. The Help menu has access to all kinds of information about Meta Trader, the menu is self explanatory. The Community menu is a place where you can discuss Meta Trader with other traders.

Toolbars Tutorial31:49
We will start off exploring the Standard Toolbar. You can also grab them and move them in any position, and we will show you that. We will also go over Profiles, Candlestick Profile 1, EURSD Standard Profile 1. Also here we can toggle open and close market watch window. We will show how you how this works. We will also go over the Data Window, Navigator, Terminal, and Strategy Tester.
Introduction to Risk Control21:26
In this module we will understand how important risk control is. We will explore an example of improper risk control.
Live Training Example 111:45
This is our first live trading example. We will start off with a random trade to show you the order process.
Live Training Example 216:47
A continuation of live trading examples. This video will show you an example of getting out of a trade with a profit.
Live Training Example 421:28
More live trading. In this video, we will be expanding our trading opportunities.
Live Training Example 312:50
Another live trading example. We show you how we sell the breakout of the low of a particular trade. Then we will go to the next time frame...
Live Training Example 5- Checking out our short-EURUSD11:57
More live trading in this module. Right now showing 38 pips to the negative and 53 pips to the positive.
Live Training Example 6- Checking out our short- EURUSD-213:37
More live trading. Now its showing that the market has moved 164 pips against us, down currently. But the market is moving up towards our stop.
Installing and activating indicators and expert advisors7:54
What we will cover in this video is adding additional expert advisors and indicators to Meta Trader.
Forex correlation trading19:10
As we wrap things up in this final module. We are going to about something very important in trading. Correlation trading or Forex Correlation will be explained here.
Support, Resistance and Conclusion15:27
When using correlation trading you can see how they line up with support and resistance. Explained fully in this video.

Requirements

A PC or Mac that will be able to download large video files

Description

21 Lectures and 4 hours of content.

The Forex Trading For beginners training course includes real life examples. You will actually get to watch trades in action! The training course will teach you the secrets of the successful traders.

- Learn the biggest mistakes of Forex traders and how to to not make the same mistakes yourself.

- Learn what the professionals know about Forex correlation and how it can multiply your profits.

- Learn how to turn a profit using scalping and position trading techniques.

- Learn top-down price analysis to see the market’s real trends.

- Learn more too. Much, much more.

The Forex Trading For Beginners Training System has all the information, all of the techniques, all of the tips, all of the tricks, and all of the strategies you need to trade successfully on the Forex market.

Who this course is for:

You don't know, or limited knowledge of Forex Trading.
To have a general concept of Forex Trading.