Become a Profitable Forex Trader

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Become a Profitable Forex Trader

This course teaches how to trade profitably by using the right and effective analysis to navigate the forex market.

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60 students enrolled

Forex Trading

Ola Adewale

What you'll learn

Thorough understanding of how the FOREX Market works.
How to choose a Broker and Open a FOREX Trading Account.
Understand Pips, Points, and Lots.
Understanding Leverage and Short Selling.
Understand FOREX Terminology: Bid, Ask, Spread, etc.
Understand how to use Technical Analysis and Fundamental Analysis.

How to Master Technical Analysis: Patterns, Chart Patterns, Volume, and Technical Indicators.
How to send Orders and different Order Types.
How to Filter out the noise, and get to know what our traders use and how they think. Get insight from a professional trader\'s standpoint.
How to use an Economic Calendar.
Risk Management: how to reduce losses and manage overall portfolio risk.
Money Management: how to manage risk on each position, how much to buy, and where to take a loss.

DESCRIPTION

The forex market is so enormous that it can accommodate all trading from all traders be they experienced ones or not. The forex market is the largest financial market in the world as it has high liquidity and a daily turnover of 5 trillion dollars available for all traders, your category determines your cut. Here, you will learn how to survive the forex market and earn before the market closes with simple TECHNIQUES like "P3" detailed in the core of the course.

Understanding the distinct fact about this market lies in the flexibility of the exchange of currencies in the Forex market which is the largest, most liquid financial market in the world. Even the stock market can't match it.

To further conceptualize Forex trading, tourists who travel from one country to another must exchange currencies to pay for local products or services. A pile of Euros would be useless to an Italian tourist wishing to visit the Sphinx in Egypt since apparently, it is not the locally accepted currency. The tourist would have to exchange his Euros for the local currency, Egyptian pounds, at the existing exchange rate at that moment in time(day).

Basically, without the knowledge of Forex trading, it is understood that across the globe daily, countries exchange currencies with one another in transactions the same way we exchange goods for services rendered or for items bought. A case study of a US resident, trying to buy a nice bottle of French wine may pay for it in dollars but the wine has already been stocked in Euros. Somewhere along the line, either the wine producer or the American importer had to have exchanged the equivalent value of U.S. dollars (USD) for Euros.

Who this course is for: