Course Content

1. Introduction to Forex

• What is Forex?: Understanding the basics of the foreign exchange market.

• Major Currencies: Overview of key currencies like USD, EUR, JPY, GBP, etc.

• Currency Pairs: How currency pairs work (e.g., EUR/USD, GBP/JPY).

​

2. Market Mechanics

• How Forex Trading Works: Market participants, trading hours, and the structure of the market.

• Bid and Ask Prices: Understanding how prices are quoted and what they mean.

• Pips and Lots: Measurement units and trade sizes.

​

3. Technical Analysis

• Chart Types: Line charts, bar charts, candlestick charts.

• Technical Indicators: Moving averages, RSI, MACD, Bollinger Bands, etc.

• Chart Patterns: Head and shoulders, double tops and bottoms, flags, and pennants.

• Trend Analysis: Identifying and interpreting market trends.

​

4. Fundamental Analysis

• Economic Indicators: GDP, unemployment rates, interest rates, inflation.

• News Impact: How economic and geopolitical news affects currency prices.

• Central Banks: Role of institutions like the Federal Reserve, ECB, etc.

​

5. Trading Strategies

• Day Trading: Techniques and strategies for short-term trading.

• Swing Trading: Strategies for capturing short to medium-term gains.

• Scalping: Techniques for making quick, small profits.

• Position Trading: Long-term trading strategies based on fundamental analysis.

​

6. Risk Management

• Leverage: Understanding leverage and its implications.

• Stop-Loss and Take-Profit Orders: Setting limits to manage risk.

• Position Sizing: Calculating the appropriate trade size.

​

7. Trading Psychology

• Emotional Control: Managing emotions like fear and greed.

• Discipline: Sticking to your trading plan and rules.

• Mindset: Developing a trader’s mindset and mental resilience.

​

8. Trading Platforms and Tools

• Platform Features: Understanding how to use trading platforms like MetaTrader 4/5, cTrader, etc.

• Order Types: Market orders, limit orders, stop orders.

• Automated Trading: Introduction to algorithmic trading and expert advisors (EAs).

​

9. Regulations and Compliance

• Broker Selection: Choosing a reliable and regulated forex broker.

• Regulatory Bodies: Understanding the role of organizations like the CFTC, FCA, ASIC.

• Trading Costs: Commissions, spreads, and swap rates.

​

10. Practical Exercises

• Demo Trading: Practice trading with virtual money.

• Case Studies: Analysis of historical trades and market conditions.

• Simulation: Real-time practice with simulated market conditions.

​

11. Advanced Topics (Optional)

• Quantitative Analysis: Using statistical methods for trading decisions.

• Algorithmic Trading: Developing and using trading algorithms.

• High-Frequency Trading: Techniques used by high-speed trading firms.

​

12. Continuous Learning and Resources

• Staying Updated: Keeping up with market news and developments.

• Community Engagement: Joining trading forums and groups.

• Further Education: Exploring advanced courses and certifications.

​

​