A Complete Guide to Becoming a Trader on the Forex Market

Name: A Complete Guide to Becoming a Trader on the Forex Market
Rating: 4.4 (18 reviews)

A-Z course on how to really understand Forex market trends, thus becoming a Forex trader and make a living out of it!!

Created byElias Kazamias

Last updated 4/2016

English

English [Auto],

What you'll learn

Solid understanding of important terminologies
General knowledge of the MT4 trading software
Pitfalls and how to overcome them
Placing trades or deals
Become a consistent winner
Trading the markets efficiently and effectively

Course content

4 sections • 15 lectures • 56m total length

Introduction to Forex2:23
Explore the basics of forex trading, including how currencies pair as base and counter currencies, driven by market price movements, with examples like EUR/USD and USD/JPY.
The Bid and the Ask Price2:28
Explain bid and ask prices in forex trading, showing how selling or buying a currency pair reflects expectations of base currency strengthening or weakening, with euro and dollar examples.
Price Movements (Candlestick Bars)2:30
Explore price movements using candlestick bars, identifying bullish and bearish formations, and analyzing opening, closing, highest, and lowest prices within one-hour frames on the forex market.
MT4 Platform (The Basics)3:31
Master the MT4 platform basics for forex trading, including market watch, navigator, terminal windows, new order placement, timeframes, candlesticks, indicators, and chart customization.

The Real World of Forex2:19
Discover the real world of forex trading, where simplicity and discipline sustain profits. The 95 percent of traders fail; the 5 percent succeed through patience and a long-term mindset.
Pitfalls Traders Fall Into3:58
Identify seven common forex pitfalls, including overleverage, overtrading, fear and anxiety, and not using stop losses or take-profit targets, to promote discipline and long-term profitability.
Key Features of Successful Traders2:51
Explore the key features of successful traders, including discipline, following a proven strategy, perseverance through setbacks, and treating trading as a business to minimize losses for long-term growth.

Placing Your First Trade (The Basics)4:27
Place your first forex trade by identifying the eurodollar symbol, market price, stop loss and take profit, and understanding four pending order types for buy or sell on the spot.
Calculating Your P&L per Deal3:26
Explain how to calculate profit and loss per deal in forex using pips, leverage, and long or short positions to assess gains or losses in currency pairs.
Maintaining Consistency3:41
Develop consistency in forex trading through disciplined money management, a clear entry strategy, and strict risk controls like stop-loss and take profit. Cultivate patience and psychology for long-run success.

Introducing the Stochastic Oscillator5:16
Explore the stochastic oscillator within the trend channel strategy, learn how oversold and overbought signals identify potential reversals, and understand key parameters like percentage period and slowing.
Becoming Familiar With Zig-Zag Methodology5:25
Discover how the zig-zag methodology detects probable trend reversals and how it pairs with the stochastic oscillator to apply the trend channeller strategy in forex trading.
The Trend Channelor Strategy Applied (The Settings)10:28
Master the trend channel strategy by using the stochastic oscillator and zigzag indicators, applying clear entry and exit confirmations, disciplined patience, and defined take-profit and stop-loss rules.
EURCAD - LIVE TRADE !!1:47
Perform a live eurcad trade using a trend channel strategy, backed by three-line confirmations and stochastic oversold signals, with a long-term exit target.
EURCAD - LIVE TRADE (PROGRESS) !!1:46
Enter a live eurcad trade using trend channel with a red, white, and yellow triple-line confirmation and an oversold stochastic, entering a pie order as price moves from about 1.4460.

Requirements

A laptop or a PC of any type
MT4 Platform software downloaded
The course is applicable for everyone
No any prerequisite knowledge needed

Description

New Upcoming Lectures (Coming Soon !!!): Choosing your broker wisely and real live trades via the ''Trend Channelor'' strategy.

The whole course is broken down into four main areas. The very first area is mainly focused on the basic aspects of Forex, such as important definitions and terms, as well the so called ''MT4'' software widely used by brokers and traders nowadays.

The second part is a simulation into the real world of Forex, describing in detail the major traps beginner traders fall into, as well as the key characteristics successful traders possess.

Furthermore, the third section of the curriculum highlights the financial aspects every trader must have in mind, such as the key steps needed prior to placing an order or a deal, the profit and loss factor associated per deal, and the various methods needed in maintaining consistency during the trading process.

Last but not least, and the most important section of this course, is the introduction and implementation of the so called ''Trend Channelor'' strategy, a methodology that myself have been using for a long time now, thus making my predictions in relation to the various currency pairs available in the market.

Graphical illustrations and tables have been used as part of the teaching and lecturing procedure. The course's duration is approximately fifty minutes.

New comers and existing traders will have the opportunity via this course to learn what is specifically needed thus making a living via trading the markets.

Who this course is for:

Beginner traders
Intermediate traders
Advanced traders

A Complete Guide to Becoming a Trader on the Forex Market

What you'll learn

Explore related topics

Course content

Forex Foundation4 lectures • 11min

The Real Preview of Forex3 lectures • 9min

Getting Started3 lectures • 12min

The Trend Channelor Strategy5 lectures • 25min

Requirements

Description

Who this course is for: