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.
0/8
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.
0/2
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.
0/3
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.
0/2
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

Having met Mr. Fibonacci, it’s time to get to know some other popular technical indicators. The indicators you are about to learn about are formulas and mathematical tools. As prices shift all the time, the indicators help us put prices into patterns and systems. Technical indicators are on the trading platforms for us, operating on the charts themselves, or beneath them.

More Technical Indicators

  • Moving Averages
  • RSI
  • Bollinger Bands
  • MACD
  • Stochastic
  • ADX
  • SAR
  • Pivot Points
  • Summary

Important: Although there are a wide variety of technical indicators, you don’t have to use them all! In fact, the contrary is true! Traders should not use too many tools. They will just become confusing. Working with more than 3 tools will slow you down and cause mistakes. As in every other area in life, there is a point on the advancement graph that once breached, efficiency starts to drop. The idea is to choose 2 to 3 powerful, effective tools and to feel comfortable working with them (and more importantly, ones that help you achieve good results). Tip: We do not recommend using more than two indicators simultaneously, especially not during your first couple of months. You should master the indicators one at the time and then combine two or three of them. The indicators which we are going to present to you are our favorites and in our own opinion, the most successful ones. Be consistent with which tool you work with. Think of them as an index of formulas for a mathematics exam – you can study them perfectly in theory, but unless you run a few exercises and sample tests you will not truly have control and know how to use them! Back to business: We mentioned that indicators are formulas. These formulas are based on past and present prices in order to try to foresee the expected price. The Indicators box is situated in the chart Tools Tab (or Indicators Tab), on the trading platforms. Let’s see how it looks like on eToro’s WebTrader platform: eToro web platformeToro web platform chart See how it looks the Markets.com trading platform:"Markets.com AVA Trader web platform: Ava Trader web platform Now, time to meet our indicators:

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