HOW TO BECOME A SUCCESSFUL FOREX TRADER

Lecture 1 will introduce you to the fundamentals of trading - basics, terms, parameters of the foreign exchange market. The topic is introductory. The different classes of instruments with their peculiarities will be presented, with the focus on the foreign exchange markets.

In Lecture 1 "First steps in Forex trading" you will learn:

1. What is forex trading
2. What is a forex trader:
   • Buyers (bulls)
   • Sellers (bears)
3. What drives the markets? Price movement principles
4. Price - market price, opening price, closing price, spread
5. Graphical representation of the price movement and periods:
   • Line charts
   • Bar charts
   • Candlestick charts
6. Long and short positions (buys and sales)
7. Margin (leverage effect)
8. Order types:
   • Market orders
   • Pending orders
9. Trades on the BenchMark trading platform
10. Discussion panel with questions and answers

Lecture 2 will answer the question of how technical and fundamental analysis are used in predicting market movements in the forex market. We will focus on how both analyzes can be used in an easy and accessible way for the novice trader. We will emphasize the key mistakes, which will save you years of unsuccessful attempts.

In Lecture 2 "How to analyze market movements" you will learn:

1. What does a financial instrument analysis mean?
2. Different approaches to analysis and decision making:
   • Technical analysis
   • Fundamental analysis
   • Mixed
   • Frequent mistakes
3. Fundamental analysis:
   • Economic Indicators
   • Statements
   • Geopolitical factors
4. Technical analysis:
   • Price movements
   • Psychological and structural price levels
   • Indicators (mathematical models)
   • Graphic figures
5. The difference between a forex trader and an analyst

Lecture 2 is suitable for those familiar with Lecture 1.

Lecture 3 aims to show the principles and rules in finding appropriate market trends. One of the biggest challenges for any forex trader is to find and read properly the price structure.

In Lecture 3 "Basic Concepts of Technical Analysis" you will learn:

1. Type of trends:
   • Uptrending markets
   • Downtrending markets
   • Sideways markets
2. Price structure basics:
   • Support
   • Resistance
   • Horizontal
   • Diagonal
3. Breakout trading

Lecture 3 is suitable for those familiar Lectures 1 and 2.

Technical formations are another major part of any forex trader's toolkit. This lecture will introduce you to some exceptions to the price movements and how you can benefit from them. We will explain and analyse some popular formations, their structure and how they could be traded.

In Lecture 4 "Technical Formations as Part of the Analysis" you will learn:

1. Formations basics:
   • Are the financial markets financial?
   • Technical formations as psychological models
   • Technical formations as graphic models
2. Groups of Chart patterns:
   • Reversal patterns
   • Continuation Patterns
   • Visual examples
3. Discussion panel with questions and answers
   

Lecture 4 is suitable for those familiar with Lectures 1, 2 and 3.

In Lecture 5 we will discuss the main characteristics of the technical indicators, their types and how to use them effectively when trading. We will also discuss the two types of divergences that we will utilize in a trading strategy. This strategy can be used as a foundation on which you can add your signals for opening and closing a trade. Furthermore, the strategy allows it to be largely automated as an "expert system".

1. Technical indicators:
   • Oscillators
   • Trend indicators
2. Forex trading strategy:
   • Signals
   • Parameters
   • Opening and closing positions
   • Position management
3. Statistics:
   • Discipline in forex trading and its hidden traps
   • Psychology and difficulties in implementing the strategy

Lecture 5 is suitable for those familiar with Lectures 1, 2, 3 and 4.

Risk management is probably the most powerful weapon of any forex trader. Rapidly changing market conditions and high volatility lead to risks and reduced profits. Lecture 6 discusses the most popular approaches to risk management.

In Lecture 6 "Risk management - the key in trading" you will learn:

1. 70% of trading is risk management:
   • The difference between strategy and system
   • Do not look for a universal strategy
2. Forex position management:
   • Stop orders
   • Reducing exposure
3. Profit / loss ratio:
   • 1:3 ratio
   • 5:1 ratio
4. Discussion panel with questions and answers

Lecture 6 is suitable for those familiar with Lectures 1, 2, 3, 4 and 5.