Forex Market Trading

About the Program

This course is designed for those who want to practically understand the fundamentals of the Forex market, the logic of trading currency pairs, and the key principles of risk management. The program covers the structure of the Forex market, working with trading platforms, the basics of fundamental and technical analysis, capital management, and simulated trading practice.

What You Will Learn

• How the Forex market works
• The basics of currency pairs and trading terminology
• BUY / SELL logic and trade management
• Risk management and capital protection
• The basics of fundamental, technical, and sentiment analysis
• How to work with the MetaTrader 5 platform
• How to use charts, Japanese candlesticks, and indicators
• Practical skills needed for simulated trading

Who the Course Is For

• Beginner traders
• Those who want to better understand the Forex market
• People who are starting to learn how to trade currency pairs
• Those who want to manage risks and make trading decisions more thoughtfully

Week I

• Essence and functioning of the Forex market
• Currency pairs: Major, Minor, Exotic
• BUY / SELL logic
• Market participants
• Pip, Lot, Spread, Bid/Ask
• Stop Loss and Take Profit
• Profit/Loss calculation

Week II

• Start of trading practice
• 3 types of market analysis
• Technical analysis
• Fundamental analysis
• Sentiment analysis
• Trading styles
• The impact of the economy on currencies
• Macroeconomic indicators and monetary policy

Week III

• Important economic news
• NFP, Forex Factory, and Investing.com
• Price reaction to news
• Capital management
• Risk per trade
• Risk/Reward Ratio
• Win Rate paradox
• Introduction to the MetaTrader 5 platform
• Creating a demo account and placing first trades

Week IV

• Charts and Japanese candlesticks
• Types of price charts
• Bullish and Bearish candles
• Doji, Hammer, Shooting Star, Engulfing
• Unwritten rules of the market
• Supply and demand logic
• Trend and corrective movement
• Basics of Dow Theory

Week V

• Support and resistance
• Round and semi-round price levels
• Key Levels
• Trading channels
• Triangle patterns
• Indicators and basic strategies
• Moving Average, EMA, MACD
• Analysis of indicator signals