Online Forex Trading Course - Learn From Basics

Forex trading, also understood as foreign exchange trading, is the process of buying and selling currencies on the global market. Traders seek to benefit from the oscillations in currency swap rates by assuming whether a particular currency will rise or fall in value against another.

This course is open to anyone looking to transform their income into profit and establish a strong foundation for financial stability. 

• Students
• Professional
• Homemakers
• Entrepreneurs
• Individuals seeking financial freedom

Forex trading applies trading currency pairs, where one currency is purchased and another is sold simultaneously. Currency pairs are quoted with a bid price and an asking price. Traders can take long (buy) or short (sell) roles, assuming whether a currency will relish or decline in value.

Primary currency pairs are EUR/USD, USD/JPY, GBP/USD, and USD/CHF. These pairs affect the world's most influential currencies, and they commonly have increased liquidity and lower sweeps.

Here is a brief of the forex trading course. Mentor-guided practical sessions and analysis will be added to modules.

Modules	Topics
Basics of forex market:	What is forex? Why forex trading? Who trades forex? Forex market hours.
Structure of the forex market:	Market participants Major currency pairs Bid & Ask Spread What is Pip? What is Lot size? What is leverage and margin? What are long or short orders? What are pending orders? Swap charges
Types of market analysis	Fundamental Analysis How does news affect the market? Major news to look into. Sentimental Analysis Technical Analysis What type of analysis is better?
Basic chart analysis	Candlestick Psychology Pattern Psychology
Smart money concept	True SMC Structure Break of structure Change of character Advanced Trendlines SNR $ SND OTE + Premium & Discount True SMC Order blocks Fair value gaps Liquidity Concepts Momentum trading Top-down analysis

The add-ons in the forex course are:

• Entry modules
• Trade plans
• Putting all together
• Introduction to Funded accounts
• Trading rules to live by

Yes. you can get personal mentor guidance and sessions if required.

Yes, as a newbie to trading, you can begin with Forex trading. Forex trading is prevalent among beginners because of its accessibility and flexibility. Yet, it's essential to note that Forex trading involves risks, and it's important to familiarise yourself with the market, design a trading plan, and exercise risk management techniques.

• You will be introduced to the fundamentals of the market to advanced trading strategies
• Through critical thinking and market analysis, you can generate trade ideas
• You will be guided throughout regarding the capital management and the factors that will save you from risks and losses

The currency market's influencing factors . Some of the most volatile financial markets can be found in the forex market. Developing an understanding of the internal and external forces influencing forex markets might help you prepare to trade them.

Internal factors that affect forex

Internal variables are elements of a trader's experience level-specific and potentially controllable forex strategy. The following internal variables impact the currency market:

• Trader's knowledge of the market: You can more effectively prepare for significant market moves by using a trader's understanding of the market. To assist beginner forex traders get started, it's helpful to learn not just the fundamentals like how pairs move and how to make a trade, but also more complex settings like how forex pairs are priced and when is a good time to trade.

• Global currency insight: Gaining knowledge about global currencies can be obtained by keeping up with news on international markets and studying the historical price movement of the main forex pairs over the course of the recent day, as well as previous weeks, months, and years, across various time zones.

• Financial literacy: In the context of the forex markets, financial literacy can refer to comprehending economic patterns through the use of charts and technical or fundamental research, as well as leverage.

• Forex broker: The perks offered to traders by forex brokers might vary. Since these factors may have an impact on a trader's trading, many traders evaluate platform technology, customer service, and trading fees when selecting a broker.

External factors that affect forex

The movement of the forex market can be influenced by outside influences, most of which are outside a trader's control. But being aware of the following elements can aid in risk management and opportunity preparation:

• Global market news: Forex market volatility gets impacted by news from the global markets. The connection between two locations and its exchange rate might vary as a result of ongoing events like stock market collapses or problems with the supply chain.

• Geopolitical conflict: Geopolitical conflicts may lead to war, which can have a variety of repercussions on an economy and therefore cause a country's currency to fluctuate in the foreign exchange market.

• Economic data: Economic data can significantly affect both the long-term trend and the short-term trading patterns of the currency markets surrounding its publication. For instance, employment statistics may indicate the strength or weakness of the currency that coincides with it, which may present an opportunity for traders seeking to profit from market volatility.

• Interest rate environment: Comparing interest rate conditions across areas frequently leads to matching price behavior. For instance, dollars could beat pounds due to greater interest rates in the US compared to the UK, and vice versa.