Forex 101 for the Smart Casual Trading Method™
5.0 (4 ratings)
Instead of using a simple lifetime average, Udemy calculates a course's star rating by considering a number of different factors such as the number of ratings, the age of ratings, and the likelihood of fraudulent ratings.
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Forex 101 for the Smart Casual Trading Method™

All you need to know. And what you DON'T need to know to start trading the Smart Casual Trading Method™
5.0 (4 ratings)
Instead of using a simple lifetime average, Udemy calculates a course's star rating by considering a number of different factors such as the number of ratings, the age of ratings, and the likelihood of fraudulent ratings.
17 students enrolled
Created by James Wong
Last updated 7/2017
English
Current price: $10 Original price: $170 Discount: 94% off
30-Day Money-Back Guarantee
Includes:
  • 3.5 hours on-demand video
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
What Will I Learn?
  • Learn the basics of technical analysis using OANDA's trading platform
  • Interpret candlesticks and price patterns
  • Add and customize indicators on OANDA's trading platform
  • Gain some insights into the Smart Casual Trading Method
  • Learn the trading philosophy behind the Smart Casual Trading Method
  • Finally, a teaser into the essence of the Smart Casual Trading Method.
View Curriculum
Requirements
  • No prerequisites required.
  • You will need a PC or laptop to follow the course.
Description

Welcome to Forex 101 for the Absolute beginner to trade the Smart Casual Trading Method™!

This course is designed and delivered to engage students on the very first baby steps towards trading forex using the OANDA platform. You will learn not only what you need to know and how to do them, but also what NOT you need to know or do to be a Smart Casual Trader™!

The structure is easy to follow, lectures are 15mins or less, and are lectured live as though I am right there with you.

I hope you will enjoy the course, and please give me feedback through your reviews of the course, and ask questions should you have any.

Look out for more courses by me to go more in depth in the Smart Casual Trading Method™!

James

Who is the target audience?
  • Absolute beginners in forex interested in trading the Smart Casual Trading Method, a tried and true method that I personally trade, with real results to show.
  • Anyone who is interested in forex trading, reading price charts and price patterns
  • Anyone seeking a side or full income from trading the Smart Casual Trading Method from a real trader, with real results
Curriculum For This Course
16 Lectures
03:25:40
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Introduction to the Course
1 Lecture 09:29

This is just an introduction to what you can expect from the Forex 101 Course for the absolute beginner. Anyone interested in forex can learn something from this course.

Preview 09:29
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Using OANDA's Demo Account for future lessons
4 Lectures 55:02

In this brief lecture, I demonstrate how you can open a demo account with OANDA, and go through the basics of the platform. The very bare minimum you need to know to start trading, with some introduction into some customization of charts and adding indicators. I couldn't execute a trial trade because it's the weekend, but we will do that over the next lectures.

How to Open and use the main functions of OANDA's trading platform
14:01

In this lecture we will go a little more in depth into how to customize more features of the OANDA's trading platform, with a twist at the end! Hahahah.

Key points to focus on in OANDA's trading platform: Customization, indicators
14:40

In this lecture we will discuss about the BEST INDICATOR IN THE WORLD....which doesn't exist.  Yet, anyway. You will learn about what indicators basically are, and how to be Smart about using indicators.

What are indicators? What do they do?
11:37

Finally, we will have a customized platform, all ready to place a trade. But, there are some very important things to note before you actually place your trade. And that's what you will learn in this very important video. Enjoy!

Putting it all together: Executing our first trade!
14:44
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Reading Candlesticks: What can you tell from a candle?
2 Lectures 29:47

In this video we introduce the "candlestick" and what how it is a great tool to represent price action.

Preview 14:51

In this video, we will see how we can use our understanding of candlesticks of find candlestick patterns that can give us some information about price action.

Examples of candlestick patterns and what kind of information they can tell us
14:56
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Understanding FOREX
4 Lectures 50:23

In this video, I crash course all you need to know about what is an exchange rate, the importance of spreads, and what are pips.

What is an exchange rate? What are "pips" and "spreads"?
14:49

Not all currency pairs are born equal. Some require more margin to buy the same number of units, and are hence what I call "expensive" pairs, which I don't like. I prefer cheap pairs, such like shopping for value for money groceries instead of premium brands.

Which currencies are available to trade? Why does this matter: Margin costs
11:31

OANDA has changed this term several times, from "interest earned" to "interest gained", and finally, now they call it "financing". What is it exactly?

What is "financing" and how to find out the holding costs of our positions?
12:32

In this video you will learn the basic approach and philosophy of the Smart Casual Trading method, which is to treat your trading as a retail business.

Putting it together: Thinking of forex as inventory for your retail business
11:31
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Introduction to trading strategy
2 Lectures 27:26

In this video I will demonstrate a very commonly used, and often quite effective basic trend trading strategy called the "crossing EMA" strategy. Note: This is just for educational purposes.

The Basic Trend Trading Strategy
13:31

In this video, I will show you, or rather, hint to you, my preferred trading strategy known as "divergence". There are many ways to trade divergences, but here is a little peek into how to spot divergences, and how to trade them. Note: This is purely for educational purpose.

Teaser to the Smart Casual Trading: Divergence
13:55
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Final words
3 Lectures 33:33

Congratulations! You are now fully equipped with the knowledge and skills to customize your own OANDA practice platform and practice trading strategies, just using the OANDA platform. Where do you go from here? Well, the path is for you take, and find out, because trading strategy is 10% success, while 90% of success comes from being Smart, and being Casual. Follow up with me for more if you want to stretch your trading even further.

Where to from here?
08:52

In this Bonus video I reveal what most trainers in this field would not: The Numbers. Also, my audio got cut off at the end of the video, I am sorry for that, but all I had wanted to say then was a closing statement, to trade Smart, and trade Casual

Bonus Lecture: The Reality of trading for a living
11:23

In this bonus video I will show you what typically, or atypically, happens during one of the highlights of the forex market: The N F P. Sounds like some kind of wrestling competition doesn't it? Well, whip up some popcorn, as we have some fun talking through a "live " NFP that didn't live up to expectations. Which is, nothing new.

Bonus Entertainment: Live NFP coverage
13:18
About the Instructor
James Wong
5.0 Average rating
4 Reviews
17 Students
1 Course
Principal Forex Coach at Smart Casual Trading™

I am a self taught forex trader who has been trading for a living for 3 years with 10 years of experience in the stock market. I am also an educator who lectures in at the pre-university level. I aim to coach and help others in their journey to find a source of side income. Trade Smart. Trade Casual. Now, I am putting up my lessons on the Smart Casual Trading Method™ here, and I hope you will find them useful in finding your edge in trading the forex market.