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Free Forex Trading Course for Beginners
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Free Forex Trading Course for Beginners
Great, we wholeheartedly believe that Forex trading can provide an excellent opportunity to create more freedom in your life…and it can be a lot of fun!To get more news about High School, you can visit wikifx.com official website.
But just like with any other skill, it will take work to become a consistently profitable trader.
Since you found this course, we know that you are someone who is willing to put in the time and effort to become successful.We created this free Forex trading course because we know that learning to trade can be confusing for beginners. There are so many trading systems, robots and indicators out there.
Chapter 1: What is Forex?
We will start by teaching you some basic trading terminology, give you a (very) brief history of the Forex market and the benefits of Forex over other markets out there. You will also learn how traders make money trading Forex.After you finish this section, you will be able to sit down at any table with experienced traders, and not sound like a total newbie.
Chapter 2: What You Need to Get Started in Forex
Learn the basic things that you need to get started in Forex trading. Get the checklists and see what to avoid in trading.
Chapter 3: What's the Difference Between Technical and Fundamental Analysis?
There are basically two ways that traders make decisions to buy or sell. Learn how technical and fundamental analysis work and how to figure out which one is right for you.
Chapter 4: Technical Analysis Explained – Price Action and Trading Indicators
In this chapter, we will dive into the specifics of technical analysis. Some traders use indicators and others rely on pure price action.Learn the pros and cons of both, as well as how to figure out what works best for you.
Chapter 5: News Trading Explained
Some traders primarily trade based on the news, otherwise known as fundamental analysis. While this isn't as popular as technical analysis, this trading method may resonate with you.It can also potentially give you some information to consider when using technical analysis.
Chapter 6: Trading Risk Management Explained
One of the biggest reasons that so many Forex traders fail is because they don't manage their risk properly. This is not a sexy topic, but if you really want to succeed as a trader, you will need to understand risk management.
Chapter 7: How to Create a Trading Plan and Test Strategies
Here's where the rubber meets the road. We will pick a trading strategy, create a plan and test the strategy. If the strategy is profitable in testing, then we will show you how to place your first trade in a demo account.
Chapter 8: Develop the Psychology of a Successful Trader
This is the most important chapter in this course. Forex trading is not as easy as some websites make it seem. Profitable trading strategies are usually very simple, but the psychology side of trading can be quite difficult.
Chapter 9: How to Choose the Right Forex Broker
This chapter will show you what to look for in a good Forex broker. The reality is that there isn't a single best Forex broker. The best broker for you will depend on how much money you are trading, where you live and a few other factors.
Chapter 10: The Best Forex Trading Tools
There are so many great tools out there for Forex traders nowadays and we will show you the best of the best. No need to do hours of research on the internet.