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The SECRETS to Profitable Forex Trading
Rating: 3.7 out of 5(142 ratings)
4,188 students

The SECRETS to Profitable Forex Trading

Strategy + Risk Management + Psychology
Last updated 1/2022
English
English [Auto],

What you'll learn

  • how to use the trading application to open, close & modify
  • how to analyse the market using fundamentals & technicals
  • proper risk management to reduce losses & maximize profit
  • understanding the trading psychology

Course content

1 section39 lectures1h 37m total length
  • Introduction1:24

    Discover the secrets to profitable forex trading and set money goals by visualizing your earnings in the next three to six months.

  • Disclaimer0:55

    Apply the forex trading disclaimer by recognizing money comes with losses, not guaranteed success; minimize losses and maximize profit through disciplined practice and practical implementation.

  • About ME1:44

    Meet Tolu, a forex trader with over ten years of experience who turned losses into profitable trading while training thousands of traders offline and online.

  • Agenda for the Course0:33
  • 3 Secrets to Profitable Trading1:36

    Three secrets to profitable forex trading: start with small money, keep it simple to understand, and trade in the 24-hour market without gambling.

  • Introduction to the Business4:39

    Learn how forex and instruments generate profits from price fluctuations by buying when prices rise and selling when they fall, through 24-hour online trading with MetaTrader 4.

  • 4 Key elements of Trading2:12

    Explore the four key elements of trading—the trader, the strategy, the broker, and the market—and learn how a clear entry and exit method links them to profit.

  • Introduction to Strategy+Risk+Psychology0:21

    Discover the three essential pillars for profitable forex trading: strategy, risk management, and psychology, and learn how these pillars drive trader success.

  • Strategy - Enter & Exit Trades0:42

    Discover a strategy to enter and exit forex trades using the MetaTrader 4 trading application, and use market analysis to eradicate gambling while building and implementing a profitable trading plan.

  • Strategy - Metatrader4 Introduction2:00

    Navigate the MetaTrader 4 trading interface, open and modify trades with market execution or pending orders, and set stop loss and take profit using pips.

  • Metatrader4 - Open by Market Execution2:35

    Learn how to place trades in MetaTrader 4 using market execution, from opening a new order in market watch to setting symbol, volume, stop loss, and take profit.

  • Metatrader4 - Modify Trades (SL &TP)3:40

    Learn how to modify MT4 trades by setting a stop loss of 30 pips and a take profit of 70 pips, then input these values via the modify dialog.

  • Metatrader4 - Close Trades0:54

    Learn to close trades in Metatrader4 using manual close via right-click and automatic close with stop loss and take profit, highlighting a 30-pip loss and 70-pip profit.

  • Metatrader4 - Open by Pending Orders5:23

    Master MetaTrader 4 pending orders by placing buy limits, buy stops, sell limits, and sell stops to manage future prices, reversals, and continuations.

  • Introduction to Market Analysis0:33

    Explore market analysis that blends fundamental and technical methods to form a robust forex trading strategy and reduce gambling. Learn why combining these approaches strengthens analysis and decision making.

  • Market Analysis - Fundamentals1:49

    Explore forex market fundamentals through news-driven information, including scheduled and breaking news from tv, radio, newspapers, and the internet, and translate good or bad news into buy or sell signals.

  • Fundamentals - Examples of Breaking News5:04

    Explore how breaking news drives forex moves by illustrating scenarios like yen and rand trades, oil crashes, and Netflix effects during lockdown, highlighting buying and selling strategies for risk-aware traders.

  • Fundamentals - Examples of Scheduled News4:12

    Learn to interpret scheduled news for forex trading using color-coded impact signals from Forex Factory, focusing on actual vs forecast releases to decide buys, sells, or neutrality.

  • Fundamentals - Currency Pairing5:21

    Explore currency pairing basics, including base and quote currencies, how buy and sell actions determine which currency you acquire, and why you can't sell both sides at once.

  • Market Analysis - Technicals0:32

    Explore how price action and support and resistance reveal direction and trend, guiding entry and exit decisions, and how to combine fundamentals with technical analysis for forex trading.

  • Technicals - Price Action4:50

    Identify price action and trend directions by reading candlestick charts in line, bar, and candle views, using bullish and bearish engulfing and doji patterns to signal entries and exits.

  • Technicals - Support & Resistance2:13

    Identify support and resistance levels to time entries and exits, follow price action in uptrends and downtrends, and align fundamentals with technicals for profitable forex trading.

  • Example combining Fundamentals & Technicals12:32

    Combine fundamentals and technicals to trade forex, using World Cup 2018 Russia as an example, and learn to identify support and resistance, entry, stop loss, and take profit.

  • Introduction to Risk Management0:28

    Explore how risk management minimizes losses and maximizes profit, and learn to determine volume, lot size, leverage, equity, and margin.

  • Risk Management - Minimize Losses5:30

    Calculate trade volume using risk per trade divided by stop-loss, multiplied by one over ten. With a $1,000 account risking 1% and a 20-pip stop, 0.05 lot equals $10.

  • Risk Management - Maximize Profit2:02

    Maximize profits in forex trading by maintaining a favorable risk-reward ratio, setting stop loss and take profit levels, and ensuring rewards exceed risk before entering any trade.

  • Risk Management - Leverage1:44

    Leverage is a double-edged sword that magnifies profits and losses; manage it like a speedometer, avoid overtrading, and ensure volume and lot size align with balance.

  • Risk Management - Equity0:21

    Define equity as your account balance plus the profits and losses from open positions. See how open positions in profit or loss determine current equity for forex risk management.

  • Risk Management - Margin1:24

    Understand how margin sets the required equity to open a position and how instrument-specific margins affect your trading, as shown with a $100 account and $2 vs $200 margins.

  • Introduction to Trading Psychology1:26

    Master trading psychology for profitable forex trading by learning to control emotions, recognize states like happiness and fear, and implement a trading plan and goals to keep emotions in check.

  • Psychology - Trading Plan1:26

    Develop a disciplined forex trading plan defining the instrument, timeframe, risk, and sessions (Sydney, Tokyo, London, New York), plus your style and two trades per day to control emotions.

  • Psychology - Trading Journal2:20

    Maintain a three-month excel trading journal recording all trades, separating winners and losers. Review the data to identify your best instrument and its optimal day-of-week and time-of-day trading.

  • Psychology - Trading Management0:44

    Explore psychology of trade management by learning how to manage winning and losing trades with manual and automatic trailing stops, including two practical setup examples.

  • Trading Management - Trailing Stop2:14

    Explore automatic and manual trailing stops in forex trading to lock in profits as price moves, and adjust stops to 20 or 5 pips.

  • Trading Management - Partial Close4:31

    Learn partial closes in forex trading, using manual or automatic market execution to close small lots like 0.01, and protect gains with trailing stops.

  • Psychology - Trading Goal0:51

    Implement a structured training plan with trading management to foster healthy trading, recognizing that market opportunities vary daily.

  • Problems Traders are facing2:13

    Identify problems traders face, such as improper stop loss use, greed, revenge trading, overtrading, and risk management, and learn how discipline, patience, psychology, and a plan improve forex trading.

  • Road to Success3:29

    Learn how education, training, practice, and a mentor accelerate profitable forex trading with live market analysis, daily updates, risk management, a playbook, and ready trading plans.

  • Thank you for watching1:17

    Reach out for mentorship or questions to accelerate your forex journey with the right guidance, and learn to trade across crypto and equities at an elevator pace.

Requirements

  • willingness to learn

Description

This course covers Everything you NEED to know from the Strategy + Risk Management + Psychology.

This is an overview of the Business and if you require Mentorship with Daily Trade Setups, Ready Made Strategy, Risk Management Calculator etc to speed up your learning curve then contact for further discussions.

You need a Trading Strategy to place trades else you are GAMBLING.

Price action and Support & Resistance will help you to trade the proper way.

FOREX Trading uses one form of Support and Resistance e.g. Bollinger Bands, Moving Averages (Simple or Exponential), Fractals, Relative Strength Index etc

With a proven track record of low Risk to high REWARD ratio, this strategy will help in getting to financial freedom status as long as the trader perseveres as there's no strategy that is 100%.

Minimizing of Risk and maximizing of Reward is a crucial part of trading as everyone will have losses and the smaller the loss, the better.

Having the right mindset, mentality, attitude to the business is also crucial to success. At the end of the day, if you can’t control your emotions, your trading would be control by your emotions. You would need to work with a trading plan, journal, management and goal to keep your psychology in check.

Trading is a combination of everything Strategy, Risk and Psychology and you’ll be doing a big injustice if you focus on just one out of the 3 mentioned above.

Who this course is for:

  • beginner, intermediate & advanced traders looking to improve in trading