The Complete Forex Trader

A practical application of the retail Forex market. A lock, stock and barrel approach to successful Forex trading
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1,555 students enrolled
Instructed by Stephen Beak Business / Finance
$25
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  • Lectures 37
  • Contents Video: 6 hours
    Other: 18 mins
  • Skill Level All Levels
  • Languages English
  • Includes Lifetime access
    30 day money back guarantee!
    Available on iOS and Android
    Certificate of Completion
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About This Course

Published 10/2012 English

Course Description

In this Forex Trading Course, I have shared my personal experience on how I developed THAT winning strategy. In this course, I will teach you How to Trade Forex with these easy to follow rules.

What are the requirements?

  • All resources and software used in this course are free
  • A PC, or MAC users who have windows emulation software

What am I going to get from this course?

  • Successfully analyse the Forex market using technical analysis
  • Understand Forex Terminology, like ask, bid, spread, margin etc.
  • Be able to follow one of the successful strategies, or create one that works for you
  • You will know how to manage your risk when trading Forex
  • You will be able to select a reputable broker and understand the basics of regulations
  • A full and complete understanding of what Forex trading is, how it works, how to profit from it and how to manage your risk
  • You will learn how to use the fundamentals (forex news events) to decide when to trade and when not to.

What is the target audience?

  • Anyone who is interested in Forex trading
  • People who want to learn how to manage their own savings
  • People who have tried to learn Forex trading, but things just don't make sense. This course puts it all together.

What you get with this course?

Not for you? No problem.
30 day money back guarantee.

Forever yours.
Lifetime access.

Learn on the go.
Desktop, iOS and Android.

Get rewarded.
Certificate of completion.

Curriculum

Section 1: Introduction
05:58

The Complete Trader series is designed to give people an understanding of Forex trading, and to teach them several proven techniques to successfully trade the Forex markets. This video is an introduction video to how the videos are laid out, and what to expect.

11 pages
This document is an introduction to Complete Trader, so you can learn more about how we operate. The 12 week program mentioned is starting in April 2014. Udemy does not give out any personal details of students, so if you are interested in getting on to the 12 week program you will need to email info@completetrader.co.za - please include the name you used to sign up to this course so we can confirm it's really you.
Section 2: Get an understanding of what it is all about
323.2 kB

In part 1, we cover the introduction to Forex trading. We want you to understand what Forex trading really is, how it works, and where traders make  (or lose) money. The attached .pdf file covers the same information the videos do, they are designed as a learning tool as well as a reference tool to go over things you may have forgotten.

  • A brief history of the Forex market.
  • Forex vs Stocks - the pros and cons
  • What is traded and how ?
  • Market size and liquidity
  • When are the good times to trade ?
  • Different types of Forex trading, and why we use ours
  • What to consider when choosing currency pairs
  • How is money traded in the market ?
  • How to read a Forex quote
  • Long vs Short / Bid vs Ask
  • First look at a Forex chart and how to read it
  • Lots, leverage, profits and loss
  • Types of orders
12:02

In this video, we are taking you through the basic understand of how things are actually traded in the forex market. It's not vital to the actual forex trading strategies, but it is important for you to understand the first steps so that it makes everything else come easier.

06:20

We have a look at a few things to consider when choosing different forex pairs to trade, and give an example of how profit is made. As with all the 1xx videos, it's important to understand it so future forex trading concepts are easier.

04:36

We're having a look at how to read a Forex quote, and giving some insight in to the popular terms like "long", "short", "bull" and "bear".

05:49

This is our first look at an actual Forex chart in this series. We go through the first things you need to look at the chart, and explain what it is telling us.

08:37

A very important video to watch, specifically the information on leverage and how it works. Leverage can be your best friend in the forex market, but it can also be your worst enemy. You need to understand what it is before you start using leverage to increase your forex trading amount.

08:20

In this video we discuss a little about the regulations and what it means to us as an end user. The long story short is that it's good for us to use regulated forex brokers. It means a certain level of protection, and that the forex broker is playing by the rules. I use Markets.com and we run through a few of the other features they offer us.

Section 3: Learning Meta Trader 4 - the most powerful trading software available
804.5 kB

Please download the pdf, it covers the same information that the online parts 2 and 3 does. You can also follow this link to markets.com to register for your demo account.

07:30

This video takes you step by step on how to install Meta Trader 4 forex platform from Markets.com. Meta Trader 4 is the platform I use in my own trading as well as what I teach in class. If you've watched the previous videos you'll understand the reasons why I have selected this platform as my platform of choice.

The video is a step by step recording of how to download, register your account and get in to Meta Trader 4. Please make sure you have downloaded the Part 2 pdf file before watching the video.

24:13

In this video we walk through the first steps of learning how to use Meta Trader. I decided to first teach people how to use the software and navigate the various menus before we start teaching the actual systems, this is so that you are comfortable with the platform and when you start looking at more complicated sections you won't have to worry about "where that button is".

The introduction to Meta Trader 4 is broken in to multiple parts. By the end of the introduction you should know how to load new charts, assign templates, edit charts, load and edit indicators, place orders, place and edit objects and many of the other useful tools that Meta Trader offers us.


08:41

We spend more time on the Meta Trader 4 forex trading platform. It is very important to become comfortable with the software before learning the different systems. The last thing you want, is to have a working system but you are unable to use it.

19:48

A continuation of the "Introduction to Meta Trader" videos. In this video we put together the final pieces you'll need to become comfortable with the software and get started with the Forex trading

06:31

The conclusion in the sub-series "Introduction to Meta Trader 4". This video looks at how to move objects on your forex charts.

Section 4: Learning the tools of the trade, the more popular indicators that actually work
07:00

This can be seen as a continuation of the 2xx series. This video takes you through the basic functions of how to add, edit and delete indicators in Meta Trader 4. Forex trading platform

04:18

A closer look at the Average Directional Movement Index forex indicator, and how to add, edit and delete it.

05:30

A closer look at Bollinger bands. What is it really telling you and how do we use it to make money forex trading?

06:32

How simple moving averages (SMA) and exponential moving averages (EMA) work, and what they tell us, and how to use them to help with your Forex trading

06:22

A close look at the popular Moving Average Convergence Divergence indicator, and comparing it with EMAs using the same values. This is one of the most misunderstood Forex trading indicator, but extremely useful.

06:06

A closer look at the Relative Strength Index indicator and how it can save you a lot of money in the Forex market

06:27

Using the stochastic indicator is one of the best ways to determine overbought and oversold conditions in the market. In this video, we take a look at how you can use it to protect yourself while Forex trading.

Section 5: Part 4 - Time to start earning
241.5 kB

These notes are to be accompanied by the videos on the same chapter 

10:28

Our first complete system. This video takes you through the setup of the Cowabunga system, how to save it as a template, and the basic rules of how to use it for a complete Forex trading strategy. It is extremely important that you have gone through the 3xx series which covers the Forex indicators used in this system.

13:22

We take the Cowabunga system further, giving examples of entries, stop loss positions and where to take profit. I still use this Forex trading strategy to this day as one of my favourites.

05:54

Stephen's Simple Scalper is an extremely aggressive Forex trading strategy. My success rate on this strategy is also very low but the profits are massive and more than makes up for it.

14:14

Learn the ins and outs of this Forex trading strategy. This is more suited for the very aggressive traders who are looking for sniping entries in the Forex market.

06:16

I have an extremely aggressive forex trading strategy that I like to call The Revolver. I have been testing it for a couple months and it has had some fantastic results. I have introduced it to a handful of private clients, both via my Skype training and classroom training and the response has been very positive. So I thought I would introduce you to one of the triggers used in the Forex trading system.

Section 6: Part 5 - Long term strategies, chasing the big trades
Part 4 Notes - PDF Download
7 pages
04:49

Price action is a longer term Forex trading strategy, which means fewer trades but they are typically much much larger. This is not the type of strategy you can practice in a short period of time because it takes so long. My advice, is to use a scalping strategy first and while earning from that you can practice this Forex trading strategy on a separate demo account.

23:37

Price action is a longer term Forex trading strategy, which means fewer trades but they are typically much much larger. This is not the type of strategy you can practice in a short period of time because it takes so long. My advice, is to use a scalping strategy first and while earning from that you can practice this Forex trading strategy on a separate demo account.

15:52

In this Price Action video, we start looking at diagonal lines. Remember, we use the same principles with diagonal lines as we do with the more common horizontal lines.

Price action is a longer term Forex trading strategy, which means fewer trades but they are typically much much larger. This is not the type of strategy you can practice in a short period of time because it takes so long. My advice, is to use a scalping strategy first and while earning from that you can practice this Forex trading strategy on a separate demo account.

14:50

In this video we have a closer look at how to enter using price action Forex trading strategy. Using both a limit and a stop entry, we maximise profit potential but still manage the exact amount of money we're willing to risk.

Section 7: Further Education
Live trade, discussing money management and thought process of the trade
Preview
25:41
Waiting for a Trade, following Price Action rules - EUR USD Forex Pair
12:54
Preparing for the week starting 22nd July 2013
43:25
06:00

The Non-Farm Payrol is the single largest news even in the Forex Trading calendar, and it happens every month. A lot of places try to show you how much you can make in just a few minutes, but the reality is that it is so volatile and difficult to predict that you might want to consider sitting it out. Or just use a Forex demo account!

This video is using a timelapse of a live Forex chart showing 4 currency pairs leading up to the NFP. I discuss the pitfalls and how some people trade the NFP. All the cards on the table, I do often trade the NFP myself but it is not recommended for beginners. Forex trading is risky enough, it is important to learn when not to trade.

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Instructor Biography

Stephen Beak, Home Entrepreneur, and loving it

I have been working from home for myself for nearly ten years. Much of my work gets automated which leaves me with time to learn new things.

I have been a successful Forex Trader and designer/builder of E-Commerce sites, enough to support my family of 6.

My career has lead me to not only working to earn money directly for myself, but also several consulting positions. I don't want a full time job because I enjoy the freedom that my lifestyle offers me too much :D

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