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Forex Trader Course Curriculum (8 Days $2000)
More About Forex (CURRENCY) Trading
Global, simple and highly leveraged... the appeal of FX currency trading.
The foreign exchange, currency exchange, Forex or FX market is among the largest and most liquid in the world. The majority of trades are made between banks and other financial institutions which simply need to convert one currency into another. Yet at the same time, Forex trading is highly attractive to individual traders who want maximum leverage on their investments.
With leverage as high at 50:1, investors can take significant Forex positions for a few thousand dollars vs. tens of thousands for equity trading. A side benefit is the thrill of trading elbow-to-elbow with household names in finance.
Of course, extreme leverage also means that an investment in currency trading can quickly work against you. This is why an education in Forex trading, such as that offered by EXPLORE TRADING CAPITAL, is essential.
Two good reasons to trade Forex:
First is simplicity. Unlike the thousands of stocks that an equity trader must research, there are only a few major currencies and at any one time you will be doing a currency pair trade of one currency for another. In fact, over 80% of FX trading is concentrated in pairs of just six currencies: U.S. Dollar, Euro, Yen, Pound Sterling, Swiss Frank and Australian Dollar.
A second benefit of Forex trading is convenience. Trading is round the clock and moves with the sun; the Asian market is followed by the European Market then the U.S. Market and back to Asia, 24 hours a day except on weekends. Somewhere in the world, someone is always trading Forex and so can you during trading hours that last from 22:00 GMT on Sunday to 22:00 GMT on Friday. This makes Forex trading ideal for U.S. investors who can only trade in the evenings when the major equity exchanges are closed.
Add in the leverage of starting with a small initial capital outlay, and you can see why Forex is the choice of a growing number of EXPLORE TRADING CAPITAL students who want to start fast with dramatic upside potential in their trading.
Some technical details about FX currency trading:
In Forex trading, currencies are valued down to the “pip”—the smallest unit of measurement available for a currency pair. For example, in a Dollar/Euro swap a pip would be worth 1/100 cent. This sounds like a unit almost too small to measure—but in a typical (“standard”) Forex contract $1,000 can control $100,000 in currency so a Dollar/Euro pip is worth $10, and a typical day’s move of 100 pips up or down could result in a substantial profit or loss.
There is no central market for Forex; currency trades are made over-the-counter in billions of individual swaps every day. The traditional hub of currency exchange is London with New York, Tokyo, Hong Kong and Singapore also conducting significant trading volume. (Of course, EXPLORE TRADING CAPITAL graduates conduct all theirForex trading connecting from their desktops using a state-of-the-art trading platform.)
The most basic factor influencing currency exchange rates is supply and demand; money supplies are constantly fluctuating and if a currency is in reduced supply at the exact moment a trade must be made its price will go up. Beyond that, traders or speculators may assign a premium or a penalty to a currency based on expected changes in money flow caused by gross domestic product (GDP), inflation, budget debits or surpluses and other macroeconomic conditions.
Fortunately, short-term traders have developed technical analysis methods to track and capitalize on market moves without access to complete research in the underlying market conditions—and that is the focus of the EXPLORE TRADING CAPITAL Forex curriculum. Students learn about Fibonacci-based trades, reversal trades and break trades and also the management of risk and capital preservation with high-probability strategies.
Spot vs futures Forex trading:
The "spot" Forex market is a cash market. The trade will be executed immediately at the current exchange rate, taking into account any pips which have been included into the price on either side in order to generate a profit on the trade. The "futures" market represents the perception of where that same currency pair will be trading at on a specific date in the future; each side commits to a hypothetical trade on that date at the agreed-upon price.
The spot market is unregulated and prone to manipulation by brokers on the other side of the trade, who may add pips to their price that make the deal unprofitable no matter how it turns out. FX futures, in contrast, are traded on the Chicago Mercantile Exchange (CME), a regulated market where there is a clear view of trades and prices. Therefore at EXPLORE TRADING CAPITAL we generally advise our students to trade in the futures market, using very near-term dates if they want to capitalize on fast-breaking market conditions.
Forex Trader Course Curriculum ( 8 Days $2000)
Course Agenda - Part 1 (Days 1 -3)
Day 1
· Introduction to the Forex Markets
· Forex Terminology / Order Entry Types
· What is the Forex Market?
· The History of Forex trading
· Why Trade the Forex Market?
· Forex Fundamentals
Day 2
· Basics of Becoming a Trader
· Beginnings of a Business
· Introduction to Trading Platform
· Forex Technical Market Analysiss
· Fundamental Analysis
o News
o Correlations
Day 3
· Risk Management
· Technical Analysis
o Support and Resistance
o Trends
· Trading Plan
Course Agenda - Part 2 (Days 4 - 8)
Day 4
· Live Trading & Trade Analysis
· Trading Platform
· Class Trade
· Trading Day Preparation
· Trade Management
Day 5
· Live Trading & Trade Analysis
· Technical Chart Patterns
· Continuation
o Triangles
o Flags/Pennants
Day 6
· Reversal
o Head & Shoulders
o Double Top and Bottom
· Candlestick Patterns
· Multiple Time Frame Analysis
· Fibonacci
· Live Trading & Trade Analysis
· Moving Averages
Day 7
· Technical Indicators
o Momentum
o MACD
o Stochastics
o RSI
o CCI
· Volatility
o Bollinger Bands
o ATR
· Psychology
Day 8
· Live Trading & Trade Analysis
· Choosing a Broker
· Regulatory Agencies
· Forex Futures
· Trade Plan
· Hard Right Edge
For more info:
Email: Info@exploretradingcapital.com
Phone # 212-776-3045