Currency Trading For Beginners - course content

Section 1

Introduction to currency pairs
Major currencies
Forex, Equities & Futures
Liquidity
24 hour market
Cost comparisons
Leverage

Section 2

Principles of Currency Trading
Prediction vs. Betting
The Buy and Sell Movement
The “Spread” and it's effects
Sizes of trades – pip calculation
Gearing & effects
Margins and overnight interest
Practical Advantages
Dynamics
A few initial thoughts on strategy

Section 3

Overview of technical analysis
The Trading Platform
Downloading the demo platform
Help/Support for trading platform
Risks involved with Forex Trading
Where to download the manuals

Section 4

Intro to Fundamental analysis
Where to get live news feed
Brief on effects of world events

Section 5

Timescales
Introduction to technical analysis
Timeframes & scales
Understanding what charts mean
Candlestick, bar & line charts

Section 6

Understanding charts
Trends
Support & resistance
Trend reversals
Breakouts
Moving averages

Section 7

Studies and indicators
Short/Medium/Long term trades
Bollinger bands
Parabolic stop & reversal
Relative strength index
Directional movement index
MACD – Histogram
Williams %R

Section 8

Chart patterns that consistently make money
13 specific chart patterns that      work

Section 9

Placing trades – alternative ways
Placing stops and their importance
Placing limits
Moving both stops and limits
Changing chart parameters and colours

Section 10

Trailing stops to secure profits
Increasing positions
Setting alerts
Leaving Buy/Sell orders
Checking accounts
Hedging positions

Section 11

Inbuilt trading systems
The advantage of trading systems
Changing trading system parameters
How to set them up

Section 12

Bringing it all together
Which type of trader are you
Preparation
Sample early morning setup
Protecting your position
Locking in profits
Using alerts wisely
Recording your trades in a journal

Section 13

Showing you entry and exit strategies

Section 14

Money Management (The Holy Grail)
The importance of financial control
Trading sensibly within your means
Financial mistakes of most losers
Gamblers logic and rules

Section 15

Psychology of trading
Trading what you see and not what you feel
Self discipline and creating working habits
General section on metal problems and how to overcome them

Section 16

Websites
The best websites to visit and use for Forex
You are shown around the internet saving you hours of research

Section 17

In Conclusion
Keeping in mind special points
This is risk free learning do not rush to use real money
It takes time effort and discipline to learn
If you want to succeed, organise yourself, organise your time, have a trading plan, and keep records
Remember the importance of money management
Never let trading dominate your life
Help & Support from the author