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.
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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.
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Forex Trading Course
About Lesson

Risk and Money Management

We will discuss how to maximize your profits while minimizing your risk, using one of the most important tools of forex trading – proper money and risk management. This will help you mitigate your risk and still allow you to make a nice profit.

  • Market Volatility
  • top Loss Settings: How, Where, When
  • The Risks of Leverage
  • Trading Plan+ Trading Journal
  • Trading Checklist
  • How to Choose the Right Broker – Platforms and Trading Systems

There is no doubt that when building a trading plan, your risk management strategy is critical. Proper risk management allows us to remain in the game longer, even if we experience specific losses, mistakes, or bad luck. If you treat the Forex market as a Casino, you will lose! It is crucial to trade each position with only small parts of your capital. Please do not put all your capital, or most of it, in a single position. The goal is to spread and reduce risks. You have a fantastic plan if you built a plan expected to produce 70% profits. However, simultaneously, you must keep your eyes open for losing positions and always keep reserves in case of several unexpected, consecutive losing positions. The best traders are not necessarily the ones with the fewest losing trades but the ones who only lose small amounts with losing trades and earn high amounts with winning trades. Other issues impact the level of risk, such as the pair day of the week (for example, Fridays are more dangerous trading days due to intense volatility before closing the week’s trading; another example – by trading JPY during the busy hours of the Asian session); time of year (before vacations and holidays increases the risk); proximity to major news releases and economic events. However, there is no doubt about the importance of the three trading elements. By paying attention to them, you can adequately maintain your risk management. Every respectable platform allows you to use these options and to update them live. Can you guess what they are?

  • The Leverage
  • Setting a “Stop Loss”
  • Setting a “Take Profit”

Another good option is “Trailing Stops”: setting trailing stops allows you to retain your earnings while the trend goes in the right direction. For instance, say you put a Stop Loss 100 pips higher than the current price. Nothing will happen if the price reaches this point and continues to go up. But, if the price starts dropping, reaching this point again on its way down, the position will automatically close, and you will exit the trade with 100 pips of revenues. That is how you can avoid future decreases that will eliminate your profits.

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