Best 5 Asian Brokers

 

1 Exness

2 IC MARKETS

3 Pepperstone

4 Octa FX

5 FBS

Best Forex Signals

 

Visit:www.forexgdp.com

Best 5 Forex Learning Websites

 

1 www.investing.com

2 www.babypips.com

3 www.forexfactory.com

4 www.fxstreet.com

5 www.dailyfx.com

Becoming A Successful Trader

Course Objectives:

Forex trading.

2) Formulate and execute technical trading strategies based on the

candlestick formations

, indicators, and patterns.

3) Identify the levels of support and resistance in a currency pair to

manage risk and maximize profit with viable risk/reward ratio.

4) Understand how to acquire disciplined trading with correct trading

psychology, with a clear edge.

Class Schedule

Week / Chapter Activity Assessments

Week 1: Chapter 1

Getting Started-Basics:

What is Trading, How does Forex Trading Work? , What is the Forex?

, What are Advantages of Forex Trading?, When to buy?, When to

sell?, When can currencies be traded?, What is a lot?, How do traders

get paid?, What is spread?, What is Leverage?, What is Margin?, What

is Hedging?, What is a stop loss, What is a profit target?, What is

rollover/swap, Positive rollover, Negative rollover, What is a chart?,

Types of charts, Candlestick chart, Line chart, Bar chart.

Quiz

Week 2: Chapter 2

How candlesticks tell you part of the story?

Candlestick formation, Candlestick patterns, Candlestick basics,

Components of candlesticks, Who is in control, Bullish candlesticks,

Bearish candlesticks, Bullish or Bearish, Candlestick development,

Candlestick addition, Pre-requisite for using candlestick pattern,

Timeframe of influence, Entry signal for high probability trade,

Bearish reversal pattern, Candlestick reversal patterns, Entry signal

for high probability long trade (bullish reversal pattern), Continuation

pattern, Entry signal, Shooting star, Hanging man, Setup,

Confirmation, Hammer, Setup, Confirmation, Inverted hammer, Doji,

Types, Dragonfly-Doji, Gravestone Doji, Dark cloud cover, Bearish

engulfing pattern, Bullish engulfing pattern, Evening star, Morning

star.

Quiz

Week 3: Chapter 3

Basic Facts used in trading:

What is your edge in trading?, How to calculate expectancy, Law of

large number, Can trading replace your day job, What moves the

market?, Support, Resistance, Role reversal, An example of support

becoming resistance, vice versa, Dynamic support and Dynamic

resistance, What are impulse move and corrective move?, Market

phases, An example of trend to range, An example of range to trend,

Trend and timeframe, How do you know market is trending?, 2 ways

you may define a trend objectively, Structure of markets, Moving

Average, How to tell market is ranging?, How to define

strength/weakness of trend, Using slope?, Using candlestick sizes, 4

things to know about candlestick, Wick, Length of the wick, Size of the

candle, Close of the body.

Quiz

Week 4: Chapter 4

Pattern Trading:

Pattern formations, Double top, Head and Shoulders, Double bottom,

Inverse head and shoulders, Continuation pattern, Reversal pattern,

Triple bottom, Triple top, Falling wedge, Rising wedge, Bullish

rectangle, Trading pennant, Symmetrical triangle, Breakout,

Ascending triangle, Descending triangle, Trading cup and handle.

Quiz

Week 5: Chapter 5

Trading with Indicators

Technical Indicators, Types of indicators, Indicators for trend,

oscillators, volatility, volume, SMA, EMA, Directional Movement

System, Parabolic SAR, CCI, MACD Crossover, Stochastic oscillator,

RSI, Average True Range, Bollinger band, MVA Strategy. Use of

indicators in demo account.

2 day practice in demo account.

Week 6: Chapter 6

Build a trading system for life:

Trend trading, Swing trading, Mean Reversion, Scalping, 4 Steps

approach to Trading system, Setting your trading goals, Choosing your

stock trading strategy, Building your stock trading system, Document

your trading plan, Components of trading system, Back testing, How

long should you back test a trading strategy, Should you consider

paper trading before using real money, Paper trading (demo account),

What paper trading don’t tell you?,

Quiz

Week 7: Chapter 7

Risk Management:

What exactly is risk? , Why Stop loss, How to set stop loss to reduce

risk?, Volatility Stop loss, Time Stop, Structure stop, M.V.As, Pattern

based Stop loss, Average true range, Stop loss based on dynamic

support/resistance.

Quiz

Week 8: Chapter 8

Trading Psychology:

Psychology, Dopamine, Trading emotions, Overconfidence, Greed,

Denial, Revenge/Catch up trading, Boredom, Few other trading

emotions, Fear, Panic, Indecision, What are deadly mistakes in trading

you must avoid?, Mistake # 1, Mistake # 2, Mistake # 3, Mistake # 4,

Mistake # 5, Mistake # 6, Mistake # 7, Is there a way to overcome your

destructive emotions? Right mindset for a trader, How to approach

the market, Trading process, Market analysis,

Risk/Reward/Entry/Exit

Top 5 Brokers

 

 1 IC Markets

 2 Exness.com

 3 Xmwebsite.net

 4 Pepperstone.com

 5 Vantagemarkets.com

An Overview of Professional Trading

 

The concept of Forex trading • Directional Forex Trading is the art of using price movements in interbank Foreign Exchange or capital markets to make profit. Traders may be involved in a trade for 1 second or 1 decade (10 years), depending on their trading method and trading plan. • Our focus is the short-term view of price movement from point X to point Y. By ‘short-term’, I don’t mean ‘day-trading’ or ‘scalping’, as that is not our focus at all here. When I say “short-term view”, I mean we are holding trades anywhere from a few hours to a few days on average, possibly a week or two if we hit upon a very strong trending market. • To profit from market movements, we must predict price direction correctly, execute a trade entry, and then manage the position between our predetermined stop loss level and desired take profit level. • To win over the long-run, traders must develop a trading plan with a statistical edge. Price action, market trends, and support / resistance become our trading primary tools in creating this edge. • Every trade setup carries a unique degree of risk versus reward. The cliché – “Make your winners larger than your losers” is the most obvious road to wealth. However, traders often lose focus, and they forget what each trade can realistically offer them in terms of profit. Markets do not move in straight lines, yet traders hold on to winners way too long, expecting some giant winner on every trade, but soon they see these profits evaporate faster than they came.

You must lose your greedy attitude and set your trading guidelines! My trading setups aim to deliver approximately 2 to 4 times risk, and I am happy to take that kind of profit on any trade. This means I can win 1 in every 3 or 4 trades and still make decent profits over a sample of trades. • When trading Forex (or any market), we are effectively running a company. Trading Losses are the cost of business, wins are our revenue, and our profit is the difference between our winners and losers, as well as any fees such as spreads and commissions. Worst case scenario, on a $10,000 size account, we have to run this company at 500% per annum just to make a living! Difficult you ask? YES! Initiation Comes Through Experience • Becoming a great trader is like playing a difficult sport, such examples would be tennis, soccer or basketball. Learning the rules is easy, but as we all know, playing the game to win is difficult and requires training and experience to develop skills and intuition over time. The common element in most successful athletes, is that they start out very early in life, and the blue print for success slowly plants itself in he/she’s brain over time. Some train hard for years to master a sport, many fail, and a small percentage will progress to some advanced level, some will even turn pro. Those that fail simply don’t have what it takes, they find other dreams and aspirations and move on with their lives. The exact same logic applies to trading. Some make it, some don’t, some private traders earn $1000 to $100,000 per week, and some may even earn $100 million per year from this business. Some lose money for years on end and finally give up, which is a wise choice for them. • I am one of the lucky ones, I started early on at 15 years of age, and whilst I don’t make millions of dollars per year (yet), I do make a very good living. I make money because I can read price action and read the charts correctly, and I am very patient and disciplined. I truly believe this is a measure of experience and intuition. I was taught the basic strategies, but the way I can filter trades and understand what’s happening in front of me is something I learned from the ‘school of hard knocks’, and this is something that comes only through experience and screen time. • There are obviously some very basic strategies to help play this game we call trading. Some will play it socially, some will move on to an advanced level, some will perfect the art and turn into professional traders. • Remember, a solid trading judgment is the sum of years of screen time and trading experiences. Most of our subconscious learning is taught to us by trading live price action, listening to trading mentors, or reading about various trading concepts like the ones you are about to learn in this course. 

Forex Trading

 

People say Forex trading is risky. Well, there is a risk in everything.

The way many people do Forex trading is risky. But you can easily limit the risk. It is completely under your control. You can control the amount of the risk you take in each trade and get out of the market whenever you want.

You can become a profitable Forex trader, risk free in 4 steps.

 

How To Become A Profitable Forex Trader In 4 Easy Steps:

1. Learn the Basics
2. Learn a Trading System
3. Demo Trading
4. Live Trading


You can open a live account with the smallest possible balance you can trade with it 100% emotion free to lose. NEVER start with a bigger account. This is a big mistake.

Forex” stands for Foreign Exchange

It is a market where people exchange one country’s currency for another country’s currency

Payments for import and export, purchases and the selling of goods or services between countries all flow through the foreign exchange market.