Forex Course

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The Forex course below consists of 92 lessons that will teach you the essentials of currency trading. The course was written by the founder and an economist at Rockefeller Treasury Services, Barbara Rockefeller, and co-written by Vicki Schmelzer, a senior FX correspondent, book author, and a professional Forex trader with 20 years of experience.

It will guide you through the very basics, will show you how to do your own technical and fundamental analysis, will introduce you to advanced trading concepts, and will explain the real difference between a losing trader and a professional one. You will learn how to work with charts, apply indicators and simple patterns, plan your trades, manage your risks, and navigate your way through the industry. After going through these lessons, you will understand how to use sentiment analysis to you advantage, how real world events affect currency rates, what power central banks have over Forex, and what alternatives traders have to the popular spot FX trading.

Each lesson ends with a short quiz — answer the questions after reading the text to assess yourself as you acquire new knowledge. Taking the quiz is optional — you can skip to the next lesson anytime.

  1. 1.Introduction

    1. 1. What Is Forex Trading?
    2. 2. Why Do Currency Rates Change?
    3. 3. Why Trade Forex?
    4. 4. Word of Warning to Forex Traders
    5. 5. Detailed View on Currency Pairs
    6. 6. Forex Market Structure
    7. 7. Trading Sessions
    8. 8. How Is Money Made in Forex?
    9. 9. Pips
    10. 10. Lots
    11. 11. Margin and Leverage
    12. 12. Trading Orders
    13. 13. Demo Trading
  2. 2.Retail Forex Industry

    1. 1. Details on Retail Forex
    2. 2. Different Types of Brokers
    3. 3. Bucket Shops
    4. 4. Broker Regulation
    5. 5. How to Open a Trading Account?
  3. 3.Analysis Basics

    1. 1. Technical Analysis
    2. 2. Fundamental Analysis
    3. 3. Sentiment Analysis
    4. 4. Which Type of Analysis Is the Best?
  4. 4.Chart Basics

    1. 1. Line Chart
    2. 2. Bar Chart
    3. 3. Candlestick Charts
    4. 4. Exotic Types of Charts
    5. 5. Which Type of Chart Is the Best?
  5. 5.Chart Lines

    1. 1. Support and Resistance
    2. 2. Classic and Math-Based Trend Lines
    3. 3. Channels
  6. 6.Japanese Candlesticks

    1. 1. Japanese Candlestick Structure
    2. 2. Basic Japanese Candlestick Patterns
  7. 7.Fibonacci

    1. 1. Fibonacci Retracements
    2. 2. Fibonacci Extensions
  8. 8.Indicators

    1. 1. Moving Averages
    2. 2. Moving Average Crossover
    3. 3. Momentum
    4. 4. Bollinger Bands
    5. 5. Moving Average Convergence-Divergence (MACD)
    6. 6. Parabolic SAR
    7. 7. Stochastic Oscillator
    8. 8. Relative Strength Index
    9. 9. Average Directional Index
    10. 10. Average True Range
    11. 11. Ichimoku Kinko Hyo
    12. 12. Leading vs. Lagging Indicators
    13. 13. Is There a Best Indicator?
  9. 9.Advanced Chart Analysis

    1. 1. Chart Patterns
    2. 2. Pivot Points
    3. 3. Basics of Elliott Wave Theory
    4. 4. Harmonic Price Patterns
    5. 5. Divergence Trading
  10. 10.The Market

    1. 1. Classifying the Market
    2. 2. Short-Term Trading
    3. 3. Medium-Term Trading
    4. 4. Trading Styles Appropriate in Different Market Types
    5. 5. Long-Term Trading
    6. 6. Trading Breakouts
    7. 7. Trading Pullbacks
  11. 11.Fundamental Analysis

    1. 1. Why Interest Rates Matter?
    2. 2. Monetary Policy for Dummies
    3. 3. Reaction to News and Macroeconomic Reports
    4. 4. Geopolitical Events
    5. 5. News Trading
  12. 12.Diversity of Forex

    1. 1. Major Currency Pairs, Minors, Crosses
    2. 2. Multi-Timeframe Analysis (MTF)
  13. 13.Sentiment Analysis

    1. 1. What Is Market Sentiment?
    2. 2. The Commitment of Traders Report
    3. 3. Other Ways to Measure Market Sentiment
  14. 14.Forex Connections

    1. 1. Carry Trade
    2. 2. Intermarket Correlations
    3. 3. Currency Correlations
  15. 15.Planning

    1. 1. Trading Plan
    2. 2. Risk Capital and Realistic Expectations
    3. 3. Trading Log
    4. 4. Revising the Trading Plan
  16. 16.Trading Systems Basics

    1. 1. Manual Trading Systems
    2. 2. Mechanical Trading Systems
    3. 3. Automated Mechanical Systems
  17. 17.Risk Management

    1. 1. What Is Risk Management?
    2. 2. Drawdowns
    3. 3. Risk-to-Reward Ratio
    4. 4. Position Sizing Explained
    5. 5. Popular Position Sizing Techniques
    6. 6. Importance of Using a Stop-Loss Order
    7. 7. Stop-Loss Methods
    8. 8. Scaling In and Out of Positions
  18. 18.Staying Safe

    1. 1. Avoiding Common Scams
  19. 19.Alternative Forex Markets

    1. 1. Trading Forex with Futures
    2. 2. Trading Forex via Vanilla Options
    3. 3. Trading Forex via Binary Options
    4. 4. Retail Forex Traders vs. Investment Bank Traders

If you find some error or if you have any suggestion or questions regarding this Forex course, please let us know.