Learn Forex Trading (FX Academy)

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INTRODUCTION TO FOREX TRADING

An introduction to the foreign exchange market, the world's largest market, where approximately $2 trillion worth of currency is swapped every day. In this course you will learn why almost all individuals and businesses must participate in this market, and the reasons why people want to speculate in forex, including:

Availability of very high leverage.
The absence of any short selling restrictions.
Very flexible hours and lack of manipulation and slippage.
Forex is an attractive, alternative, and indicative asset class.

APPLYING SR AND CANDLESTICKS

This module will teach you how to read and interpret Forex candlesticks, by far the most common and informative method of visually representing the changes in currency exchange rates. Candlesticks are a superior alternative to traditional OHLC bar charts, and were developed by Japanese rice traders hundreds of years ago.

You will learn how:

Forex candlesticks are drawn.
Bodies and wicks are interpreted to indicate future price movement.
Candle patterns are used to gauge the strength of a price movement.
Candle patterns can be interpreted in conjunction with S/R zones to guide trade decisions.

SUPPORT AND RESISTANCE BASICS

In Forex, support and resistance are key concepts, both referring to price zones where it is hard for the price to break through and move beyond.

In this module, in addition to giving you an introduction to Japanese candlesticks as the best method of visually displaying and interpreting forex price movements, we will explain how traders identify support and resistance zones in order to:

See likely “cheap” and “expensive” prices for a time period.
Use forex support and resistance to determine stop loss placement.
Determine where to go “short” or “long”.
Identify high reward, low risk trade opportunities.

ADVANCED SR & TREND LINES

As a good understanding of how to identify support and resistance is essential to profitable forex trading, it is important to learn advanced support and resistance concepts. In this module, we will show how to determine the quality, and not just the position, of likely support and resistance, by measuring whether there are several confluent factors acting on the support/resistance, such as the age and durability of the zone. We will also explore several advanced methods of determining which zones are likely to act as support and resistance, using:

High and low prices of previous days and weeks.
Start and stop points of previous trends.
Round numbers, bollinger bands and moving averages.
Trend lines showing mobile and advanced support and resistance.

FIBONACCI RETRACEMENT LEVELS

This module will teach you about an indicator called the Fibonacci Retracement (“Fibs”). The indicator is based on mathematical proportions that occur widely in nature and in human behavior. Simply put, when the price moves in one direction, it tends to pull back – retrace – to certain levels, which are percentages of the original move. You will learn the most reliable levels in Forex Fibonacci Retracement, as well as:

How to draw Fibs on your chart correctly to identify likely S/R.
How to use multiple time frames to draw Forex Fibonacci Retracement.
How to use Fib levels to set trade entry/exit points.

MOVING AVERAGE CROSSOVERS & MOMENTUM

This module will teach you how to bring together what you have already learned into the coherent methodology of Technical Analysis. Technical analysis is the term for the use of indicators derived from past price movements in forecasting future price movements.You will see how momentum indicators such as moving averages (MAs), together with identification of S/R, can provide a more accurate determination of the likely best trade entry and exit points. We will teach you how:

DBBs can be used as Momentum indicators in Forex technical analysis.
To use S/R ranges and channels as momentum indicators.

TRADING WITH DOUBLE BOLLINGER BANDS

This module will teach you the basis of a technical rule-based trading strategy using Double Bollinger Bands (DBBs). DBBs are two sets of the Bollinger Band indicator drawn together. They are superior to the typical single Bollinger Band, which are only really useful indicators in flat, ranging markets, while DBBs are also useful in trending markets. You will learn:

How to construct Double Bollinger Bands (DBBs).
Rules for interpreting price action within DBBs' three zones.
How to tell when a trend exists and if it likely to continue.
How to find good trade entry/exit points, with examples.

TRADING WITH PRICE ACTION

This module will teach you how to read and interpret Forex candlestick charts and graphs, by far the most common and informative method of visually representing the changes in currency exchange rates. Candlestick charts are a superior alternative to traditional OHLC bar charts, and were developed by Japanese rice traders hundreds of years ago. You will learn how:

Forex candlesticks are drawn.
Bodies and wicks are interpreted to indicate future price movement.
Candlestick patterns are used to gauge the strength of a price movement.
Candlestick patterns can be interpreted in conjunction with S/R zones to guide trade decisions.
MA crossovers by price or by other MAs can identify trend changes.