Course Overview
Forex Trading involves buying and selling currencies on the foreign exchange market. Learn market analysis, trading strategies, and risk management for profitable navigation of currency markets. Ideal for investors and financial enthusiasts seeking diverse investment opportunities.
What you’ll learn
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Basic Market Concepts
- Currency pairs: Learn how currencies are quoted in pairs (like EUR/USD), separating the base currency from the quote currency.
- Terminology: Understand basic units and pricing terms like pips, spreads, lots, and margin.
- Leverage: Learn how leverage allows you to control large positions with a small deposit, which multiplies both gains and losses.
- Market sessions: Know the active hours of major global financial centers like London, New York, Tokyo, and Sydney
Analysis and Strategies
- Technical analysis: Learn how to read price charts, identify trends, spot support and resistance levels, and use candlestick patterns.
- Fundamental analysis: Understand how global economic data, interest rates, inflation, and political news drive currency values.
- Trading strategies: Study specific approaches like trend trading, range trading, or breakout strategies.
Risk Management and Psychology- Risk management: Learn how to use stop-loss orders to limit potential losses on every single trade.
- Capital allocation: Never risk more money than you can afford to lose, and avoid over-leveraging your account.
- Emotions: Control fear and greed by sticking strictly to a defined trading plan rather than reacting impulsively to market swings. [1]
Requirements
- You will need a copy of Adobe XD 2019 or above. A free trial can be downloaded from Adobe.
- No previous design experience is needed.
- No previous Adobe XD skills are needed.