Module 1 Introduction to Forex Trading
DAY 1 1. Course Introduction
* Overview of Forex Trading
* Goals and Objectives of the Course
* Open a brokerage account
* Downloading MetaTrader4/5 and trading view on Smart phone and PC
DAY 2 2. Basic Concepts
* What is Forex?
* Understanding Currency Pairs
* Base and quote currency
* Major, Minor, and Exotic Pairs
* Pips
* Spread
DAY 3 Basic Concept Cont.
* Lot size
* Leverage
* Margin
* Equity
* Margin level percentage
* Take profits
* Stop loss
* Order types/pending orders (limit and stop orders) and market execution
DAY 4 3. Market Participants
* Retail Traders
* Institutional Traders
* Central Banks
* Brokers
4. Forex Market Mechanics
* Forex Market Hours
* Trading Sessions
* How the Forex Market Works
Module 2
DAY 5 Type of market Analysis
1. fundamental analysis
* key factors influencing fundamental analysis
* How to check fundamental news using platforms like forexfactory.com,cnbc,e.t.c
2. Technical analysis
*What is chart
* Line Charts, Bar Chart, Candlesticks chart
3. Sentiment analysis
Module 3
DAY 6 Technical Analysis cont.
1. Candlesticks study
* Candlestick anatomy
*Candlestick patterns (engulfing,pin bar,hammer)
2. Supply and demand (Psychological levels)
* how to plot psychological levels on chart
3.Trend analysis
* Identifying trends
*Trend lines and channel
4. Indicators and oscillators
* RSI, MACD, Stochastic Oscillator
* TDI indicator
*Moving averages
Module 4
DAY 7 Trading Strategies
1. Day Trading
* Scalping
* Intraday Trading Techniques
2. Swing Trading
* Medium-term Strategies
* Using Technical and Fundamental Analysis
3. Position Trading
* Long-term Trading
* Using Macroeconomic Trends
DAY 8 Our Trading system
* Psychological level
* Trendlines
* High/low of the week
* Chart pattern
* Placing your first trade- Things to look out for
* How to spot a good entry signal
CHALLENGE FOR QULIFICATION
PASS AN ONLINE FOREX TEST WITH THE KNOWLEDGE GAINED IN THIS MODULES(NOTE-PASS MARK IS 70%)
QUALIFICATIONS
* CERTIFICATION
*MIGRATION TO THE INTERMEDIATE TRADING CLASS