Forex Trading for Beginners
Texlearn Academy
Level 3 | Free Instant PDF Certificate | High-quality Course Materials| 24/7 Experienced Tutor Support | Lifetime Access
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Overview
Certificates
Reed courses certificate of completion
Digital certificate - Included
Will be downloadable when all lectures have been completed
Curriculum
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Module 01: An Introduction to Forex Trading 06:00
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Module 02: Basics of Forex Trading 06:00
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Module 03: Developing Your Own Trading Plan 05:00
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Module 04: Fundamental Personalities of Currencies 06:00
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Module 05: Forex Trading Signals 07:00
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Module 06: The Most Common Trading Mistakes 07:00
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Module 07: Forex Trading Scams 06:00
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Module 08: Alternative Setups and Trading Strategies 05:00
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Module 09: Create Your Own Trading System 05:00
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Module 10: Market Sentiment 06:00
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Module 11: Trading the News 05:00
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Module 12: Carry Trade 04:00
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Module 13: Trading Techniques 05:00
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Module 14: Developing a Trading Codex 06:00
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Module 15: Volatility in Forex and Its Dimensions 06:00
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Quizzes of Forex Trading for Beginners 03:00
Course media
Description
Why Enrol on Forex Trading for Beginners with Texlearn Academy:
The following are some of the justifications for why you should study the Forex Trading course:
- Get Access to the Forex Trading course through the online learning platform
- Get 24/7 experienced tutor support
- The Forex Trading course is entirely online with high-quality course materials
- Complete the Forex Trading course 100% online from any internet-enabled device anywhere
- A very flexible course deadlines with full Lifetime access to the Forex Trading course
** Course Curriculum **
*** Forex Trading for Beginners Course ***
Module 01: An Introduction to Forex Trading
- Introduction
- Forex Trading
- Principles of Forex Trading
- Different Types of Forex Traders
- Advantage of Forex Trading
Module 02: Basics of Forex Trading
- Introduction
- Important Terms and Professions
- Forex Markets
- Currency Pairs and Their Prices
- Second Major Currency Pairs
- Quote Currency
Module 03: Developing Your Own Trading Plan
- Trading Plan
- The Difference Between a Trading Plan and a Trading System
- Forex Traders Need a Trading Plan
- Trading Discipline is the Key to Consistent Profitability
- What Is Your Risk Capital?
- How Much Time Can You Dedicate To Forex Trading?
- What Activities Will You Do Before You Start Trading?
Module 04: Fundamental Personalities of Currencies
- Introduction
- Actual Trade Forex
- Important Information for US-based Traders
- Tracking Currency Strength
- Australian Dollar (Aussie)
- Canadian Dollar
- New Zealand Dollar
- Carry Trade
- EURO
Module 05: Forex Trading Signals
- Introduction
- What is a Forex Trading Signal?
- Manual Forex Trading Signals
- Convenient Trading Tool
- Profitable Risk Compensation Ratio
- Easy to Access for Beginners
- Backtesting Trading Strategies
- How to Choose the Best Trading Signals
- Should Forex Traders Use Free Forex Signals or Paid Forex Signals
Module 06: The Most Common Trading Mistakes
- The Five Deadly O’s of Trading
- Overconfidence
- Overtrading
- Revenge Trading
- Overleveraging
- Overexposure
- Overriding Stops
- Tips for Forex Trading Beginners
- Good Traders
Module 07: Forex Trading Scams
- Forex Managed Accounts
- Forex Scams
- Forex Robots
- Forex Signals
- Forex Broker Scams
- S. Regulatory Agencies
Module 08: Alternative Setups and Trading Strategies
- Introduction
- Essential Components of Risk Control
- Trailing Stops
- Profit Limits
- Multilot Trading
Module 09: Create Your Own Trading System
- How to Create a Mechanical Trading System
- Design Your Trading System
- Write Down Your System Rules
- How to Test Your Forex Trading System
- What Time Frame Should You Trade?
- The New Trader’s Trap
- Should You scalp?
- The “So Easy it's Ridiculous” Trading System
Module 10: Market Sentiment
- Introduction
- How to Develop a Market Sentiment-Based Approach
- The Commitment of Traders Report
- Understanding the COT Report
- Do not Ignore the Commercial Traders
- The Small Speculators
- How to Use the COT Report for Trading
- How to Pick Tops and Bottoms with the COT Report
- How to Create Your Own COT Trading Indicator
- How to Interpret the COT Report
Module 11: Trading the News
- News Makes the Forex Market Move
- Beginner’s Guide to Forex News Trading
- How to Trade Forex on News Releases
- How to Find Events that Produce Volatility
- Pay Special Attention to News from the U.S.
- How to Choose Currency Pairs to Trade the News
- Two Ways to Trade the News
Module 12: Carry Trade
- What is a Carry Trade?
- What is a Currency Carry Trade?
- Know When Do Carry Trades NOT Work
- Carry Trade Criteria and Risk
- What is FX Carry Trade?
- FX Carry Trade Working Model
Module 13: Trading Techniques
- Systems and Black Boxes
- Technical versus Fundamental Analysis
- Traditional Elements of Forex Strategy
- Traditional Elements of Forex Strategy
- Technical Analysis
- Indicators
- Behaviour Analysis
- Market Filters
- The Toolbox Approach
Module 14: Developing a Trading Codex
- From Traditional to Codex
- Elements versus Codex Approach
- Trading Tools
- The Codex Toolbox
- Trading Techniques—The Codes Toolbox
- Bar Charts
- Popular Bar Chart Patterns
- Trading GSCS
- Style
- Currency Personalities
- Markets for Trader Profiles
- Most Common Causes of Losing Trades
Module 15: Volatility in Forex and Its Dimensions
- Introduction
- Key Technical Indicators
- A Key-Missing Element in Spot Forex
- Trend-Related Indicators
- Momentum Indicators and Oscillators
- Market Inefficiencies
- Direct Emotional Search Terms
- Back Testing for Risk Management
- Using Trading Signals
Certification
You will receive a course completion Certification if you complete the Forex Trading for Beginners course successfully.
When you apply for your preferred jobs, your Forex Trading for Beginners course certificate will enable you to stand out from the competition by adding new, interesting abilities to your CV.
Who is this course for?
This Forex Trading for Beginners course is perfect for professionals looking to expand their skill set and advance their careers as well as prospective students looking to expand their skill set.
You will get the information, knowledge, and techniques you need from this Forex Trading course to build your confidence and advance your professional growth.
Requirements
The Forex Trading for Beginners course from Texlearn Academy has no formal entry requirements. Students must meet the following requirements in order to enrol in the Forex Trading course:
- Have a strong desire to learn
- Display a good understanding of the English language, and basic IT skills
- Be over the age of 16
Career path
Here are the potential career paths for the Forex Trading for Beginners course:
- Forex Trading Trainee
- Retail Forex Trader
- Forex Market Analyst
- Fundamental Analyst (Macro Forex)
- Forex Signal Provider
- Forex Trading Mentor/Coach
- Algorithmic Forex Developer
- Prop Trading Firm Trader
- Risk Management Specialist (Forex)
- Forex Trading Educator
- Forex Fund Manager
Questions and answers
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This course is advertised on Reed.co.uk by the Course Provider, whose terms and conditions apply. Purchases are made directly from the Course Provider, and as such, content and materials are supplied by the Course Provider directly. Reed is acting as agent and not reseller in relation to this course. Reed's only responsibility is to facilitate your payment for the course. It is your responsibility to review and agree to the Course Provider's terms and conditions and satisfy yourself as to the suitability of the course you intend to purchase. Reed will not have any responsibility for the content of the course and/or associated materials.
