
Forex trading is the simple concurrent action of buying one currency by selling another, enabling hedging or speculation in a floating currency market.
This lecture shows how buyers control price to form a bullish trend, evidenced by higher highs and higher closes, testing initial structure highs and retracements with the hi unclose technique.
Master forex price action backtesting with an ABX testing phase, building a comprehensive spreadsheet, and evaluating trade setups, targets, and drawdown to reinforce profitable strategies and trading psychology.
Differentiate risk management from money management as capital preservation and position sizing for returns; apply backtested data, starting balance, max drawdown, and portfolio size to cap per-trade risk.
Learn a rule-based trend continuation strategy using price action to identify higher highs and higher lows, define initial structure, retracements, kill zones, and back test with a one-to-one risk-reward setup.
Master the ABCD pattern with equal CD, align price action with structure levels, and identify zones of interest to spot higher-probability forex trade setups.
Learn a Fibonacci retracement price action strategy with entry at 61.8% retracement, stop loss, swing-high to swing-low targets, and 1.272 extension, including double-bottom setups and retracement re-entries for trade management.
Background:
The Training Programme is to introduce the basics of FX trading to retail traders. As 80% of retail traders exit the FX market by either wiping out their entire trading account or just give up without achieving what they have set to achieve from FX trading, this course aims to bring retail traders “into the light” but emphasizing on the fundamentals and trading psychology and strategies.
Training Objectives:
Retail Traders will be able to understand the basics of FX trading design their trading plans and formulate trading strategies based on their trading plan while maintaining the right trading psychology throughout their entire trading journey.
Learning Outcomes: