Forex Trading: How to Get Started and Build Your Edge

Name: Forex Trading: How to Get Started and Build Your Edge
Rating: 4.4 (146 reviews)

Learn the basics of Forex and understand how to develop a trading strategy on the market

Created byCody Harden, Nicholas Syiek

Last updated 10/2018

English

English [Auto],

What you'll learn

Students will have the basic knowledge base to approach the FX market with a strategy, manage risk properly, and control their emotions.

Course content

6 sections • 30 lectures • 1h 12m total length

Introduction0:56
Music: https://www.bensound.com
Disclaimer0:13
Review the disclaimer on risk and suitability. Recognize that trading involves substantial risk of loss and is not suitable for all investors, and that course knowledge is not trading advice.

What is a Currency Pair2:42
Placing an Order0:20
Learn how to place forex trade orders using market, limit, and stop orders to enter and exit positions, and understand how each order type serves different strategies.
New Order DEMO0:40
Open the new order menu, select the USD/CHF symbol, set volume, stop loss, and take profit, choose market or pending order, and buy or sell.
Market Order0:31
Use a market order to enter a trade at the closest available price, giving the fastest market entry. A market buy opens a long position at the current price.
Limit Order1:09
Stop Order1:13
Take Profits and Stop Losses1:09
Modifying An Existing Order0:13
Modifying In MT4 DEMO2:21

What Is A Drawdown0:56
A drawdown is a position that has moved against you but remains open; a loss is only realized when the position closes or hits the stop loss.
How to Set Up a Demo Account1:25
Set up a new forex demo account by logging into the broker platform, opening an account, selecting the practice server, and accessing account history for practice trading.
Creating a Gameplan3:48
Develop a disciplined forex game plan by prioritizing risk management and accounting for commissions and spreads. Trade with a proven strategy, plan your trade, and avoid emotional moves.
Power Of Indicators1:05
Introduction to Indicators DEMO8:59
Learn to apply RSI and Bollinger bands on daily forex charts and use Fibonacci retracement to identify reversal levels.
Power Of Price Action0:44
Introduction To Price Action DEMO6:34
Momentum/Trend Following1:34
Momentum Examples4:10
Counter Trend Trading1:22
Learn counter-trend or mean reversion trading, going against the crowd by seeking reversals when prices reach extremes. Trade spikes back toward the mean or prior levels.

Requirements

This course assumes that you are a beginner or intermediate trader, and have the desire to improve your trading. This course will act as a stepping stone in your journey to becoming a profitable trader.

Description

Meet Nick Syiek, known by many of his students as Trader Nick. Nick has many years of experience trading in the futures, forex, and U.S. Equities market. With a background in software development, Nick's approach to trading is rooted in risk management, psychological discipline, and trial and error.

In this course you will learn all about what it takes to start your journey towards being a successful forex trader. This course covers material on how to get started; covering everything from finding a proper broker, to building and testing your own strategies. In this course you will learn about the basics of technical analysis, and tools that can help traders find clues in the market about potentially profitable trades. You will learn how to analyze the market, manage your risk properly, and come up with a game plan that will help you navigate the forex market with an edge.

Forex trading can be a very profitable venture if done properly, but a few concepts are vital to the success of any trader and his/her strategy. In this course you will learn how to approach the market as a meticulous and calculated technician, rather than an impulsive gambler. Many traders do not have the proper tools and knowledge to approach the market in a rational and conservative way, and this course will help to correct many of the mistakes traders often make. With a proper education on how to begin trading, you will be equipped with the tools necessary to build your advantage and edge in trading.

***DISCLAIMER: Cannot guarantee any future earnings or losses***

Who this course is for:

Anyone interested in learning to trade the forex market profitably, manage their risk, and master their emotions to become a consistent trader.

Forex Trading: How to Get Started and Build Your Edge

What you'll learn

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Course content

Introduction2 lectures • 1min

An Overview of FX, and Setting Up your Trading Platform5 lectures • 16min

Understanding the Chart, and How to Place and Modify Orders9 lectures • 10min

An Introduction to Technical Analysis10 lectures • 31min

How to Build and Test a Trading Strategy3 lectures • 12min

Conclusion and Contact Information1 lecture • 3min

Requirements

Description

Who this course is for: