Knowledge Gained Through Years of Experience

Course Objectives

The objective of the course is to provide advanced skills related to operate in forex markets and the ways of investing in it. It will enable the student to take up investment in forex markets independently.

Units

Unit I: Ways of Trading in Forex Market (2 Hours)

Automated Trading; Discretionary Trading; Technical Trading; Fundamental Trading; Day Trading; Scalping; Position Trading; Range Trading; Trend Trading; Counter-trend Trading; Carry Trading; Mapping Method; Personal Goals; Understanding of Amateur Forex Traders vs Professional Forex Traders

Unit II: Trading Platform(2 Hours)

Order types and their role in the trading; Quick trade setting and its implication; Account management; Layout management and personalization; Algo trading, security features, and trade access management; Trading Symbols or Watchlist Management; Other aspects of trading software operationalization based on AX1 Trading Platform

Unit III: Fundamental Analysis (2 Hours)

Concept of Fundamental Analysis; Factors Affecting Market Price; Relationship Between Major Economic Indicators; Major Economies to Follow; Major Fundamental Indicators; Monetary Indicators; Monetary Indicators & Central Bank; Central Bank Policies & Actions; MajorMonetary Policy Makers; Economic Indicators & Events; Approaches To Fundamental Analysis; Euro to Dollar; USD to CAD; USD to JPY; Gold; Copper; Crude Oil

Unit IV: Technical Analysis (2 Hours)

Concept of Technical Analysis; Types of Charts (Line Chart, Bar Chart, Japanese Candlesticks); Major Candlesticks Patterns-Doji, Gravestone Doji, Dragonfly Doji, Bullish Engulfing Pattern, Bearish Engulfing Pattern, Dark Cloud Cover, Piercing Pattern, Hammer and Hanging Man, Morning Star, Evening Star, Shooting Star; Support & Resistance; Technical Analysis Indicators; Technical Tools-(Simple Moving Averages, Exponential Moving Averages, Relative Strength Index, Bollinger Bands & MACD); Strengths and Weaknesses of Technical Analysis

Unit V: Risk and Trade Management (2 Hours)

Forex Fund/Portfolio Management; Essential Points of Risk Management; Risk Taking Percentage; R/R Management; Correlations and Risk; Portfolio Management; Trade Checklist; Trading Plan; Breakout; Gap Strategies; Wolfe Waves: Modern Approach; Other Type of Patterns; Rounded Top and Bottom Pattern; Cup and Handle Patterns; Different Types of Trading Strategies; Technical Indicators Combination; Gold and Currency Relationship; Disciplined Trading