Course Outline
- Introduction to Forex
- What is Forex?
- Lecture and discussion: Definition and overview of the Fore 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
- What is Forex?
- 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
- Support and Resistance
- 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
- Big Shadow Strategy
- Lecture: Understanding the Big Shadow pattern
- Hands-on activity: Spotting Big Shadow patterns
- Group analysis: Implementing the Big Shadow strategy
- The Last Kiss Trade
- Lecture: Explanation of The Last Kiss trade strategy
- 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
- Kangaroo Tail Strategy
- 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)
- Brokers
- 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
- Risk Management
- 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
- Trading Psychology Basics
- 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
- Simulated Trading Exercises
- 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