A 6 hour video course on CD-ROM on how to trade World currencies (Forex). Designed for the complete beginner and unbeatable value.

Section 1

  • Introduction to currency pairs
  • Major currencies
  • Forex, Equities & Futures
  • Liquidity
  • 24 hour market
  • Cost comparisons
  • Leverage

Section 2

  • Principles of Currency Trading
  • Prediction vs. Betting
  • The Buy and Sell Movement
  • The “Spread” and it’s effects
  • Sizes of trades – pip calculation
  • Gearing & effects
  • Margins and overnight interest
  • Practical Advantages
  • Dynamics
  • A few initial thoughts on strategy

Section 3

  • Overview of technical analysis
  • The Trading Platform
  • Downloading the demo platform
  • Help/Support for trading platform
  • Risks involved with Forex Trading
  • Where to download the manuals

Section 4

  • Intro to Fundamental analysis
  • Where to get live news feed
  • Brief on effects of world events

Section 5

  • Timescales
  • Introduction to technical analysis
  • Timeframes & scales
  • Understanding what charts mean
  • Candlestick, bar & line charts

Section 6

  • Understanding charts
  • Trends
  • Support & resistance
  • Trend reversals
  • Breakouts
  • Moving averages

Section 7

  • Studies and indicators
  • Short/Medium/Long term trades
  • Bollinger bands
  • Parabolic stop & reversal
  • Relative strength index
  • Directional movement index
  • MACD – Histogram
  • Williams %R

Section 8

  • Chart patterns that consistently make money
  • 13 specific chart patterns that work

Section 9

  • Placing trades – alternative ways
  • Placing stops and their importance
  • Placing limits
  • Moving both stops and limits
  • Changing chart parameters and colours

Section 10

  • Trailing stops to secure profits
  • Increasing positions
  • Setting alerts
  • Leaving Buy/Sell orders
  • Checking accounts
  • Hedging positions

Section 11

  • Inbuilt trading systems
  • The advantage of trading systems
  • Changing trading system parameters
  • How to set them up

Section 12

  • Bringing it all together
  • Which type of trader are you
  • Preparation
  • Sample early morning setup
  • Protecting your position
  • Locking in profits
  • Using alerts wisely
  • Recording your trades in a journal

Section 13

  • Showing you entry and exit strategies

Section 14

  • Money Management (The Holy Grail)
  • The importance of financial control
  • Trading sensibly within your means
  • Financial mistakes of most losers
  • Gamblers logic and rules

Section 15

  • Psychology of trading
  • Trading what you see and not what you feel
  • Self discipline and creating working habits
  • General section on metal problems and how to overcome them

Section 16

  • Websites
  • The best websites to visit and use for Forex
  • You are shown around the internet saving you hours of research

Section 17

  • In Conclusion
  • Keeping in mind special points
  • This is risk free learning do not rush to use real money
  • It takes time effort and discipline to learn

If you want to succeed, organise yourself, organise your time, have a trading plan, and keep records
Remember the importance of money management
Never let trading dominate your life
Help & Support from the author