Course Content
Introduction to Forex Market
Start with the basics; what is the forex market, who are the key players, learn about market structure and size, what are the advantages of forex trading, and why you should trade forex. Learn how to setup a free practice account so you can try everything you learn.
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Basic Terminology
Learn the basic terminology used while trading forex. Get familiar with basic terms such as currency pairs, types of orders, pips, spreads, margins, and leverage.
0/2
Synchronize Time and Place for Forex Trading
Delve into what is traded in the forex market, major currency pairs, cross currencies, and exotic pairs. Find out when the forex market is the most active and how money is made from trading.
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Get Equipped for Forex Trading
Familiarize yourself with the basic tools needed to successfully trade forex. Learn how to analyze charts, trend lines, and time-frames. Discover what trading strategies are at your disposal, such as; scalping, day trading, long vs. short trading, swing trading, and many more.
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Fundamental Forex Trading Strategies
Discover the factors that most commonly influence the market and what impact they can have on your trading decisions. Learn how and when to use fundamental analysis, and the importance of a good economic calendar which details upcoming economic events.
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Technical Forex Trading Strategies
Learn how to use technical analysis to evaluate the market and acquire a better understanding of the most popular trading strategies. You’ll learn about price action, support and resistance levels, chart patterns, and the importance of technical analysis.
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Fibonacci Technical Indicator
The Fibonacci Indicator is one of the most commonly used indicators. Receive an in-depth explanation of what the Fibonacci indicator is and how to use it when trading. Start creating your personal trader's toolbox.
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More Technical Trading Indicators
A profitable trader has many tools at his disposal. Learn about the essential tools used by traders such as; Moving Averages (MA), Relative Strength Index (RSI), Stochastic, Bollinger Bands, Parabolic SAR, ADX, and Pivot Points.
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Killer Combinations for Trading Strategies
The key to using forex indicators is to which to use together. Learn more about the Elliott Wave prediction pattern, divergence trading, carry trading, currency correlation strategies, and retracement/reversal strategies. Learn which indicators to use together for the best results.
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Forex in Relation to Stocks and Commodities and Trading with MetaTrader
Learn about the inter-relationship between stocks, commodities, and indices to the forex market. Take your first steps and learn how to master the MetaTrader trading platform.
0/3
Forex Trading Course
About Lesson

Price Action

You already figured out that prices change continuously. For years, technical analysts have tried to study the patterns behind market trends. Over the years, traders have improved technical methods that help them follow and predict changes, called trading the price action. Important: At any given time, unexpected fundamental events might appear and break all the existing patterns on which we base our trades. Fundamentals can sometimes cast doubt on our technical analysis. Commodities and stock indices are mostly affected by fundamentals. When fears of another global recession prevailed from 2014 to early 2016, the price of oil kept declining and the technical indicators were just small bumps along the way. Oil effected by fundamentals The same happened to the stock indices. Take a look at the Nikkei 225; it went through all the moving averages and support levels like a knife through butter during the Chinese stock market crash in August 2015, and again in January and February 2016 amid global financial worries. Nikkei price action Because of the above, we recommend that you do not base all your trades on the following patterns, although they are still excellent tools for predictions. Recognizing the patterns you are going to learn about would be very useful. Sometimes a trend will progress exactly according to pattern. As simple as that… Wouldn’t it be amazing if we could figure how a price is going to behave at any given time?? Well, forget it! We do not have any miracle solutions. We still have not found the tool that predicts market trends 100% (unfortunately)… But the good news is that we are going to introduce you to a box full of helpful patterns. These patterns are going to serve you as great analytical tools for price movements. Experienced traders follow trend directions, as well as their strength and timing! For instance, even in case you guessed right that a bullish trend is about to appear, you should figure out where to enter, so you do not make mistakes. Patterns are very important in these cases.

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