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HOW TO BECOME A SUCCESSFUL FOREX TRADER

The successful conquest of each peak begins with preparation. That is why we - the team of BenchMark - have developed the free forex training course "HOW TO BECOME A SUCCESSFUL FOREX TRADERS", which will give you the necessary foundation with which to take your first steps in the huge world of money.

 

In 8 lectures you will get acquainted with what are the financial markets, what are the main styles of analysis, what are the most commonly used strategies by professional traders and most importantly - adequate risk management. Financial markets provide exceptional opportunities for all market players, but whether we will take advantage of them depends entirely on our knowledge of the markets themselves.

Lectures in the Forex training course

• September 28, 2020 - Lecture 1: First Steps in Forex Trading

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

 

• September 30, 2020 – Practice Session

• October 02, 2020 – Lecture 2: How to Analyze the Markets

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.

 

• October 05, 2020 – Lecture 3: Basic Concepts of Technical Analysis

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.

 

• October 07, 2020 – Lecture 4: Technical Formations as Part of the Analysis

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.

 

• October 09, 2020 – Lecture 5: How to Trade Efficiently on the Markets

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".

 

In Lecture 5 "How to Trade Efficiently on the Markets" you will learn:

 

  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.

 

• October 12, 2020 – Lecture 6: Risk Management - the Key in Trading

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.

 

• October 14, 2020 – Practice Session

Forex trading course parameters

Who is it suitable for?

This forex trading course is suitable for anyone who wants to learn and apply the successful principles for trading with currencies (forex), stocks, stock indices, gold, oil and other financial instruments.

 

When does it start?

The first lecture of this forex course will be held on September 28, 2020, and the last - on October 14, 2020. Lectures will be presented every Monday, Wednesday and Friday at 06:30 pm

 

How long does a lecture last?

Each of the 8 lectures in this training course lasts about 60 minutes.

 

Where is it held?

This forex training is a live online event.

 

How much does it cost?

This forex training is absolutely free of charge.

 

Who are the lecturers?

Traders and analysts with many years of experience in the financial markets.

 

This forex training course is a module of the product "Free training for trading in the financial markets", which also includes a demo account, seminars, competitions, consultations, training materials, e-books and other information for educational purposes. By registering for the training course you register for the product and will receive information about all its modules by email and/ or phone based on the legitimate interest in improving your knowledge and skills, considering the opportunity to open a live account. The use of the product is not bound by an obligation to open a live account or purchase an investment service. Read our privacy policy.