FXer Fast Track
Take your first steps towards trading in the Forex market with us, quickly learn Forex trading skills, and start earning.
What you will learn in this course
KICK START
Currency Trading for Starters
- Getting to know the financial markets and Forex
- Types of financial markets
- What is forex?
- Why is forex popular?
- Over-the-Counter Market vs. Stock Exchange
- Install Forexer5 and Creating a demo account
- Creating a demo account
- Registering in Trading view
- Navigating FOREXER5 Platform: Key Features and Functions
- International Currency Symbols
- Major, minor, exotic currency pairs
- Currency Format (Direct, Indirect, Cross)
- PIP, POINT, and LOT
- Spread
- Margin and Leverage
- Free margin/Margin level/Call margin/
- Ask & Bid levels
- Commission/Swap
- Balance/Equity
- The importance of identifying reliable brokers
- Verifying the Regulation Status of a Broker
- Establishing Broker Credibility through verification of the Head office locations (The authenticity of the phone, address, and...)
- Bilingual Support
- Provides Web trader, Mobile Trader and...
- Market Maker and Market Real Brokers, the differences and how to distinguish them
- Determining the credibility of the broker using trading costs and how to recognize it
- Commission amount
- Spread rate
- Swap
- Margin level amount
- Leverage factor
- Determining the credit of the broker using special trading technics such as:
- SCALPING/ HUNTING/ AMAZING/ HEDGING/ EXPERTING
- Trading mechanism in Forex and do it in Forexer 5
- Buy And Sell
- Long and Short orders
- Profit and Loss calculation
- Types of trading orders:
- BUY STOP/BUY LIMIT/SELL STOP/SELL LIMIt
- Trading Journal
- Definition of trading journal
- The main parameters that should be considered in the trading journal
- Create and register trading journal
- Making a trades (buying and selling) on demo Account
- Currency Trading Test
ACTION PACK
Understanding Behavior of Currency Prices
- Currency Charts and their review in Forexer5 and Trading View
- What is a chart?
- Types of charts
- Bar Chart
- Candle Stick Chart
- Line Chart
- Other Charts
- Time Frame
- Concepts of supply and demand and their review in Forexer5 and Trading View
- Support & Resistance Point
- Shifting from Supply to Demand Zone and Vice Versa
- Identifying Market Trends and their review in Forexer5 and Trading View
- What is Trend
- What is the trend?
- Types of trends
- upward trend
- downward trend
- Neutral process
- What is a channel?
- Types of channels
- Draw trend lines and channels
- trend lines
- trend channel
- Reversal Price Patterns
- Head and Shoulders
- Double Tops
- Double Bottoms
- Continuation Price Patterns
- Symmetrical triangle
- Ascending triangle
- Descending triangle
- Identifying and drawing lines of support, resistance, trends, channels, and patterns on the demo account
- Currency charts, trend lines, and price patterns Test
PINPOINT
Types of analysis methods in forex
- Types of analysis in the Forex
- Technical analysis: What are the technical analysis tools in forex?
- Fundamental analysis: What is fundamental analysis in Forex? (political and economic news)
- Emotional (Mental) Analysis
- The importance of psychology in trading
- Dealing with losses and emotions in trading
- Developing the mindset of a professional trader
- Updating and constantly completing the trading journal
- The Significant Point on Charts and their review in Forexer5 and Trading View
- Peaks & Bottoms
- Identifying the chart's prominent points on the demo account and Trading view
- Magical Lines and their review in Forexer5 and Trading View
- Locate the Points
- Implementation and Identification of magic lines on demo Account and Trading view
- Math Behind the Indicators and their review in Forexer5 and Trading View
- Leading Indicator
- Introduction of Leading Indicator (Stochastic/RSI/MACD/Commodity Channel Index/Momentum/Bears Power/Bulls Power)
- Stochastic Indicator
- RSI: Relative Strength Index Indicator
- Lagging Indicator
- Introduction of Lagging Indicator (Moving Average/Bollinger Bands/Average Directional Movement Index/Parabolic SAR)
- Moving Average Indicator
- Bollinger Bands Indicator
- Updating the Trading journal based on done trading
- Practicing indicators in past market on demo Account and Trading view
- Types of analysis in the forex market and Technical analysis Test
BEHIND THE SCENES
Fundamental analysis review
- News & its effect on the currency market
- Unexpected News
- Breaking News
- Types of unexpected news
- Expected News
- Economic Calendar
- Interpreted date
- Actual Data
- Interpreting Actual Data
- Effect of news on a currency
- Major Economic Indicators
- Gross Domestic Product (GDP)
- Consumer Price Index (CPI)
- Producer Price Index (PPI)
- Inflation/Deflation
- Trade Balance
- Unemployment Rate
- Change in Employment
- Money Supply
- Interest Rate
- Updating the trading journal in the field of news affecting trading
- Examining the impact of news on the forex rate in Forexer 5 and Trading view
- Practice and report special news of the day on Forex market rates in Forexer 5 and Trading view
- Fundamental analysis Test
SAFE BOAT
Interpreting your Risk in Currency Trading
- Understanding Risks
- Definition of Risk
- Risks Related to Financial Market and their review in Forexer 5
- Initial capital (Margin)
- Leverage ratio
- The importance of choosing the correct trading volume (Leverage the top killer of forex traders)
- Calculation of trading volume
- Example of Trades With Leverage
- Safety with no leverage trading
- Example of Trades without Leverage
- Sharp market Volatility
- Market Accessibility
- Convenience of Trades
- Determining the Stop Loss & Take Profit Level
- Updating the Trading journal based on executed trades
- Risks Related to Human Psychology
- Fear
- Greed
- Pride
- False Hope
- Compensate
- Implementation of leveraged trading on demo Account
- FINANCIAL MARKETS Risks Test
SHOW TIME
Developing Currency Trading Techniques
- Developing & Achieving Your Financial Vision
- Vision
- Goals & Objectives
- Smart Goal & Objective
- The goal of S.M.A.R.T
- Simulation & Break Down
- Focus on Achieving Objectives
- Trading Plan
- Capital Investment
- Short Term Risk
- Short Term Objective
- Product (EUR/USD, GBP/USD, USD/JPY, Gold,…)
- Entry Method
- Action Pack & Pin Point
- Implementation Trading Plan
- Traders Mindset
- Environment
- Be Informed
- Continuous Assessment of Trading journal
- SWOT Analysis
- Trading Journal
- Evolve
- Practice
- Implementing and setting up the trading program in the demo account and performing the final practice and test
- Final update of the trading journal document
- Delivery of tp account to the user and Providing complete explanations
- Final and comprehensive test of the Fast Track course