Course Outline
Introduction to Forex
What is Forex?
- Lecture and Discussion: Definition and overview of the Forex market
- Group Activity: Identifying key participants in the Forex market
- Class Discussion: The importance of Forex in the global economy
Forex Terminology
- Interactive Lecture: Currency pairs, base and quote currency, bid and ask price, pips
- In-Class Quiz: Key terminology and concepts
Market Analysis
Support and Resistance
- Lecture: Definition and importance
- Workshop: Identifying support and resistance levels on charts
- Case Study: Role in market analysis and trading strategies
Engulfing Candle Strategy
- Lecture: What is the Engulfing Candle pattern?
- Hands-On Activity: Identifying Bullish and Bearish Engulfing patterns
- Group Analysis: Implementing the Engulfing Candle strategy in trading
Renko Charts and Patterns
- Lecture: What are Renko charts?
- Hands-On Activity: Reading and using Renko charts
- Group Analysis: Common Renko patterns and their interpretations
Trading Strategies
Kangaroo Tail Strategy
- Lecture: Introduction to the Kangaroo Tail strategy
- Hands-On Activity: Identifying Kangaroo Tail patterns on charts
- Group Discussion: Practical application in trading
Workshop: Identifying The Last Kiss Trade Setups
- Group Discussion: Strategy implementation and analysis
Womies and Mollas Strategy
- Lecture: Overview of the Womies and Mollas strategy
- Hands-On Activity: Identifying Womies and Mollas setups
- Group Discussion: Application and effectiveness in trading
Trading Mechanics
Brokers
- Lecture: Role of brokers in Forex trading
- Group Discussion: How to choose a reliable broker
- Exercise: Understanding broker fees and spreads
Lot Size and Leverage
- Interactive Lecture: Explanation of lot sizes and leverage
- Calculation Workshop: Calculating position sizes
Pairs and Trading Actions
- Lecture: Major, minor, and exotic currency pairs
- In-Class Practice: Basics of buying and selling currencies
- Demonstration: Understanding order types (market orders, limit orders, stop orders)
Risk and Fund Management
Risk Management
- Lecture: Importance of risk management
- Simulation: Setting stop-loss and take-profit levels
- Exercise: Position sizing and risk-reward ratio
Fund Management
- Lecture: Managing trading capital
- Group Activity: Strategies for preserving capital
- Discussion: Diversification in Forex trading
Trading Psychology
Trading Psychology Basics
- Lecture: Emotional aspects of trading
- Group Discussion: Common psychological pitfalls (fear, greed, overtrading)
- Workshop: Developing a disciplined trading mindset
Building a Trading Plan
- Lecture: Importance of a structured trading plan
- Interactive Activity: Components of a trading plan
- Workshop: Adapting and evolving your trading plan
Practical Application
Simulated Trading Exercises
- Hands-On Session: Using demo accounts to practice trading
- Group Activity: Applying learned strategies in a risk-free environment
- Analysis: Reflecting on trades
Case Studies and Real-World Examples
- Lecture: Reviewing successful and unsuccessful trades
- Group Discussion: Learning from market events and scenarios
- Continuous Improvement: Analyzing real-world examples
Conclusion and Next Steps
Recap: Key concepts learned Resources: Further study and improvement materials Guidance: Starting live trading Q&A Session: Course feedback and discussion