FOREX TRADING: PROFESSIONAL LEVEL

COURSE DESCRIPTION

This is the planning stage. At this level, you do what the experts (professionals) in forex trading do. Much emphasis is placed on how to develop your own trading plan, advanced risk management systems and trading psychology management. Register to learn forex the right way with Global FX.

Detailed Course Syllabus

  1. Developing Your Own Trading Plan
    • What is a Trading Plan?
    • Why Do Forex Traders Need A Trading Plan?
    • Why Trading Discipline is the Key to Consistent Profitability
    • How To Find A Trading Style That Suits Your Personality
    • What is Your Motivation to Be a Forex Trader?
    • What Is Your Risk Capital? How Much Money Can You Afford To Lose?
    • How Much Time Can You Dedicate To Forex Trading?
    • Which Kind Of Returns Do You Expect To Make From Forex Trading?
    • What Is Your Daily Pre-Trading Routine?
    • What Forex Trading Software, Hardware, And Other Tools Will You Use?
    • Stick With Your Trading Plan
    • Summary: Developing a Trading Plan
  2. Which Type of Trader Are You?
    • Know The Different Types Of Trading Styles
    • Your Most Important Investment As A Forex Trader
    • Scalping
    • Day Trading
    • Swing Trading
    • Position Trading
    • What Type Of Forex Trader Are You?
  3. Create Your Own Trading System
    • How To Create A Mechanical Trading System
    • Design Your Trading System in 6 Steps
    • Build Your Trading System in 3 Steps
    • The “So Easy It’s Ridiculous” Trading System
    • Summary: Creating Your Own Mechanical Trading System
  4. Keeping a Trading Journal
    • Why You Need A Forex Trading Journal
    • 5 Reasons To Keep A Forex Trading Journal
    • 5 Things You Must Have In Your Trading Journal
    • Potential Trading Area
    • Entry Trigger
    • Position Sizing
    • Trade Management Rules
    • Trade Retrospective
    • Trading Performance Statistics
    • Reviewing Your Trading Journal
    • Keeping A Trading Journal Is Hard But It’s Worth It
    • Summary: Keeping a Trade Journal
  1. Risk Management (The basics are introduced in the beginners’ course)
    • What Is Risk Management?
    • How Much Trading Capital Do You Need For Forex Trading?
    • Drawdown and Maximum Drawdown Explained
    • Never Risk More Than 2% Per Trade
    • Reward-to-Risk Ratio
    • Summary: Risk Management
  2. The Number 1 Cause of Death of Forex Traders
    • Ignoring Leverage: Why Most New Forex Traders Fail
    • Leverage and Margin Explained
    • Margin Call Explained
    • Be Careful Trading On Margin
    • See How Leverage Can Quickly Wipe Out Your Account
    • Low Leverage Allows New Forex Traders To Survive
    • How Leverage Affects Transaction Costs
    • Never Underestimate Leverage
  3. Position Sizing
    • Position Sizing
    • Calculating Position Sizes
    • How to Calculate Your Position Size in Different Forex Pairs and Account Currencies
    • Summary: Position Sizing
  4. Setting Stop Losses
    • 4 Types Of Stop Losses
    • How To Set A Stop Loss Based On A Percentage Of Your Account
    • How To Set A Stop Loss Based On Support And Resistance From Charts
    • How To Set A Stop Loss Based On Price Volatility
    • How To Set A Stop Loss Based On A Time Limit
    • 4 Big Mistakes Traders Make When Setting Stops
    • 3 Rules To Follow When Using Stop Loss Orders
    • Summary: Setting Stops
  5. Scaling In and Out
    • Scaling In And Out Of Positions
    • How To Scale Out Of Positions
    • How To Scale In Positions
    • How To Add To Winning Positions
    • Summary: Scaling In and Out Trades
  6. Currency Correlations
    • Currency Correlation Explained
    • How To Read Currency Correlation Tables
    • Are You Doubling Your Risk Without Knowing It?
    • 5 Reasons Why Factoring In Currency Correlations Help You Trade Better
    • Be Careful! Currency Correlations Change!
    • How To Calculate Currency Correlations With Excel
    • Summary: Currency Correlations
  7. Quiz to refresh your memory
Course Price

GHS800.00


Course Duration
2 Weeks (1 Week Training |1 Week Practice)
2 Hours Per Day

* Lifetime Mentorship after training

Mode of Training
  • One-on-one Training
  • Batch Training
  • Virtual Class (Zoom Training )


Location
Dansoman, Accra

Course Registration Registration 

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