FOREX TRADING: BEGINNER LEVEL

COURSE DESCRIPTION

Welcome to our Beginner Level Forex Trading Course. This is the first level of our Forex and CFD (Contract for Difference) Financial Instruments Training Programme. We are delighted for your interest in our courses and to have you with us!
The beginner level course is considered as one of the most essential levels in our forex programmes as it introduces you to the principles and concepts on which the forex trading profession is built. This level ushers you into all the rudiments that you would need to start your professional forex trading journey the right way. The duration for this level is 2 weeks (3 meetings per week, 2 hours per meeting). Students are given certificates after successful completion of the course.

Detailed Course Syllabus

  1. The overview of the financial markets
    • Money market, capital market and forex markets.
    • Features of the forex market.
    • Instruments traded on the forex market.
  2. Forex Trading
    • What Is Forex?
    • What Is Traded In Forex?
    • Buying And Selling Currency Pairs
    • Forex Market Size And Liquidity
    • The Different Ways To Trade Forex
  3. Why Trades Forex?
    • Why Trade Forex: Advantages Of Forex Trading
    • Why Trade Forex: Forex vs. Stocks
    • Why Trade Forex: Forex vs. Futures
  4. Who Trade Forex?
    • Forex Market Structure
    • Forex Market Players
    • Know Your Forex History!
  5. When Can You Trade Forex?
    • Forex Trading Sessions
    • When Can You Trade Forex: Sydney & Tokyo Sessions
    • When Can You Trade Forex: London Session
    • When Can You Trade Forex: New York Session
    • Best Times of Day to Trade Forex
    • Best Days of the Week to Trade Forex
  6. How Do You Trade Forex
    • How to Make Money Trading Forex
    • Know When to Buy or Sell a Currency Pair
    • What is a Pip in Forex?
    • What is a Lot in Forex?
    • Impress Your Date with Forex Language
    • Types of Forex Orders
    • Demo Trade Your Way to Success
    • Forex Trading is NOT a Get-Rich-Quick Scheme
  7. Introduction to MT4 platform – How to Use MetaTrader 4
    • Introduction to MetaTrader 4
    • MT4 Basics: How to Set Orders
    • MT4 Basics: How to Install an EA
    • MT4 Basics: How to Use Indicator
  1. Brokers 101
    • History of Retail Forex Trading
    • Forex Broker Types: Dealing Desk and No Dealing Desk
    • Dealing Desk vs. No Dealing Desk Forex Brokers
    • 6 Crucial Things to Consider When Choosing a Forex Broker
    • Beware of Forex Bucket Shops
    • How to Protect Yourself Against Forex Broker Scams
    • How to Open a Forex Trading Account
  2. Three Types of Analysis
    • 3 Types of Forex Market Analysis
    • Technical Analysis
    • Fundamental Analysis (Introduction to forex factory news platform)
    • Sentiment Analysis
    • Which Type of Analysis for Forex Trading is Best?
  3. Types of Charts
    • 3 Types of Forex Charts and How to Read Them
  1. Support and Resistance Levels
    • Forex Support and Resistance
    • Trend Lines
    • Channels
    • How to Trade Support and Resistance
    • Summary: Trading Support and Resistance
  2. Japanese Candlesticks
    • What is a Japanese Candlestick?
    • Japanese Candlestick Anatomy
    • Basic Japanese Candlestick Patterns
    • Single Candlestick Patterns
    • Dual Candlestick Patterns
    • Triple Candlestick Patterns
    • Japanese Candlestick Cheat Sheet
    • Candlesticks with Support and Resistance
    • Summary: Japanese Candlesticks
  3. Fibonacci
    • Fibonacci Trading
    • How to Use Fibonacci Retracement to Enter a Trade
    • Fibonacci Retracements are NOT Foolproof
    • How to Use Fibonacci Retracement with Support and Resistance
    • How to Use Fibonacci Retracement with Trend Lines
    • How to Use Fibonacci Retracement with Japanese Candlesticks
    • How to Use Fibonacci Extensions to Know When to Take Profit
    • How to Use Fibonacci to Place Your Stop so You Lose Less Money
    • Summary: Fibonacci Trading
  4. Moving Averages
    • What Are Moving Averages?
    • Simple Moving Average (SMA) Explained
    • Exponential Moving Average (EMA) Explained
    • Simple vs. Exponential Moving Averages
    • How to Use Moving Averages to Find the Trend
    • How to Use Moving Average Crossovers to Enter Trades
    • How to Use Moving Averages as Dynamic Support and Resistance Levels
    • Summary: Using Moving Averages
  5. Popular Chart Indicators (The indicators are categorized into basic and advanced and taught accordingly)
    • How to Use Bollinger Bands
    • How to Use the MACD Indicator
    • How to Use Parabolic SAR
    • How to Use the Stochastic Indicator
    • How to Use RSI (Relative Strength Index)
    • How to Use ADX (Average Directional Index)
    • Ichimoku Kinko Hyo
    • Trading with Multiple Chart Indicators
    • What is the Best Technical Indicator in Forex?
    • Summary: Popular Chart Indicators
  6. Quiz to refresh your memory
Course Price

GHS500.00


Course Duration
2 Weeks| 3 Days A Week
2 Hours Per Day

Payment Plan
N/A

Location
Dansoman, Accra

Course

We are here to help you learn Forex trading the right way