Course Modules and Schedules

Transcription

1 Course Modules and Schedules Course Modules Together with our international partners we have developed a comprehensive Forex Trading Course. Some of the highlights of our course are: Its interactive features ( allowing trainee traders to interact with others and with the class ) Our Trade Stations allow for an interactive user experience where trainee traders can share ideas in a dynamic way. You DON T WANT TO MISS OUT ON THIS EXPERIENCE! A Handbook with well laid out material In addition to the material we have world class training rooms that are unparalleled in design. Below is an overview of our Courses.

2 Module 1: INTRODUCTION TO FOREX (MONTH 1) COURSE INTRODUCTION TO FOREX WHAT IS FOREIGN CURRENCY (FOREX) 1.2 THE HISTORY OF FOREX 1.3 MARKET SIZE AND LIQUIDITY 1.4 WHO TRADES IN FOREX 1.5 HOW TO READ A FOREX QUOTE 1.6 THE MAJOR CURRENCY PAIRS 1.7 CROSS PAIRS 1.8 SYNTHETIC PAIRS 1.9 MULTIPLE CHOICE ASSESSMENT TEST 2 WHAT DRIVES THE ECONOMIC ENGINES OF THE 'MAJORS' 2.1 AMERICAN DOLLAR :USD 2.2 BRITISH POUND: GBP 2.3 JAPANESE YEN: JPY 2.4 AUSTRALIAN DOLLAR :AUD 2.5 NEW ZEALAND DOLLAR: NZD 2.6 CANADIAN DOLLAR:CAD 2.7 EURO : EUR 2.8 SWISS FRANC: CHF 2.99 MULTIPLE CHOICE ASSESSMENT TEST WHY ZIMBABWE IS UNIQUELY POSITIONED TO PARTICIPATE IN THE FOREIGN CURRENCY MARKET 3.2 FOREX AS AN EXPORT EARNER FOR THE NATION 3.3 FOREX FOR JOB CREATION AND POVERTY ALLEVIATION UNDERSTANDING FOREX LINGO BUYING SHORT AND LONG 1.2 WHAT IS SPREAD? 1.3 WHAT IS LEVERAGE? 1.4 WHAT IS A LOT? 1.5 INTRODUCTION TO RISK MANAGEMENT 1.6 MARGIN AND LEVERAGE 1.7 RISK REWARD RATIO: THE SECRET TO BEING PROFITABLE

3 1.8 POSITION SIZING 1.9 STOP LOSSES AND TAKE PROFIT ORDER TYPES 2.2 ENTRY ORDERS 2.3 STOP LOSS ORDERS 2.4 HOW TO SET STOPS 2.5 TRAILING STOPS 2.6 TAKE PROFIT ORDERS 2.7 TEST WHAT IS ROLLOVER HOW TO TRADE FOREX 1 THREE TYPES OF ANALYSIS 1.1 TECHNICAL ANALYSIS 1.2 FUNDAMENTAL ANALYSIS 1.3 SENTIMENTAL ANALYSIS 2 USING TECHNICAL ANALYSIS TOOLS IN TRADING 2.1 FIBONACCI TRADING 2.2 JAPANESE CANDLESTICK 2.3 SUPPORT AND RESISTANCE LEVELS 2.4 MOVING AVERAGES 2.5 MACD 2.6 STOCHASTIC OSCILLATORS 2.7 PARABOLIC SAR 2.8 IHK 2.9 AVERAGE TRUE RANGE STANDARD DEVIATION MOMENTUM RSI DEMARKER MONEY FLOW INDEX BOLLINGER BANDS IMPORTANT CHART PATTERNS PIVOT POINTS ELLIOTT WAVE THEORY HARMONIC PRICE PATTERNS TRADING DIVERGENCE TRADING BREAKOUTS AND FAKEOUTS ZIG ZAG

4 ON COMPLETION OF THIS MODULE TRAINEE TRADERS WILL BE ABLE TO: 1. UNDERSTAND WHAT FOREIGN CURRENCY IS 2. UNDERSTAND WHY MOVEMENTS IN EXCHANGE RATES CREATE TRADEABLE OPPORTUNITIES 3. UNDERSTAND WHAT DRIVES THE FOREX MARKET 4. UNDERSTAND HOW TO READ A FOREX QUOTE 5. READ AND INTEPRET A FOREX CHART 6. KNOW HOW TO USE TECHNICAL ANALYSIS TOOLS TO INTEPRET MARKET AND PRICE BEHAVIOUR 7. KNOW ALL THE MAJOR TECHNICAL ANALYSIS TOOLS USED BY TRADERS BUT BEGIN TO APPRECIATE THE IMPORTANCE OF FOCUSING ON USING JUST A FEW TOOLS TO MINIMISE NOISE 8. UNDERSTAND RISK AND REWARD 9. UNDERSTAND HOW TO MANAGE POSITION SIZES 10. UNDERSTAND WHY FOREX TRADING CAN BENEFIT BOTH INVIDUALS AND THE NATION AT LARGE, ESPECIALLY ZIMBABWE. Module 2: DEMO TRADING (MONTH 2) MONITORED APPLICATION OF PRINCIPLES In MONTH TWO we go deeper into Fundamental & Sentimental analysis. We also open demo trading accounts for each student and group trainee traders into groups with similar risk profiles. This is done after completing our comprehensive TRADER ASSESSMENT TEST. This is important so you begin to understand the psychological aspects that will impact your trading performance before we commence LIVE TRADING. You will surprised just how greedy you are! DEMO TRADING (MONTH 2) 3 HOW TO TRADE USING THESE TECHNICAL ANALYSIS TOOLS 3.1 OPENING A DEMO TRADING ACCOUNT 3.2 YOU ONLY NEED TO CHOOSE A MAXIMUM OF THREE TOOLS THAT YOU UNDERSTAND AND LIKE 3.3 BACK TESTING ALL THE TECHNICAL ANALYSIS TOOLS

5 4 4.1 TRADING USING PRICE ACTION (NAKED CHARTS I.E NO TECHNICAL ANALYSIS USED AT ALL) 5 FUNDAMENTAL ANALYSIS 5.1 NEWS AND ECONOMIC DATA DRIVES PRICES 5.2 USING THE ECONOMIC CALENDER TO TRADE 5.3 BACK TESTING USING FUNDAMENTAL ANALYSIS 6 SENTIMENTAL ANALYSIS 6.1 WHAT IS MARKET SENTIMENT 6.2 HOW CAN YOU TRADE MARKET SENTIMENT 6.3 WEEKLY COMMITMENT OF TRADERS REPORT PLACING A TRADE 7.1 GENERATING AND DOCUMENTING A TRADE IDEA 7.2 CONVERTING A TRADE IDEA INTO A TRADE PLAN (INCORPORATING RISK REWARD) 7.3 EXECUTING THE TRADE PLAN (ENTRY AND EXIT) 7.4 MANAGING AN OPEN TRADE 7.5 POST TRADE ANALYSIS AND JOURNALLING TRADING PSYCHOLOGY 8.1 WHAT KIND OF TRADER ARE YOU? 8.2 THE IMPORTANCE OF PATIENCE AND DISCIPLINE TO A TRADERS RESULTS 8.3 MANAGING EMOTIONS DURING A TRADE 8.4 DEALING WITH A STRING OF WINNING TRADES 8.5 DEALING WITH A STRING OF LOSING TRADES 8.6 WHEN TO STOP AND REVISIT THE BASICS 8.7 ITS NOT ABOUT BEING RIGHT, ITS ABOUT MONEY MANAGEMENT ON COMPLETION OF THIS MODULE TRAINEE TRADERS WILL BE ABLE TO: 1. PLACE A TRADE USING THE TECHNICAL ANALYSIS TOOLS LEARNT IN MODULE 1 2. UNDERSTAND FUNDAMENTAL ANALYSIS 3. KNOW HOW TO BACKTEST THEORIES 4. PLACE A TRADE USING FUNDAMENTAL ANALYSIS 5. UNDERSTAND SENTIMENTAL ANALYSIS AND HOW IT AFFECTS PRICE 6. BE ABLE TO GENERATE A TRADE IDEA, TRADE PLAN, EXECUTE A TRADE AND JOURNAL THE TRADE 7. UNDERSTAND THE ROLE OF PYSCHOLOGY IN TRADING 8. HAVE A GOOD UNDERSTANDING OF WHAT DRIVES THEIR TRADE DECISIONS ON A PYSCHOLOGICAL LEVEL 9. UNDERSTAND THAT TO BE A GOOD TRADER YOU HAVE TO BEAT THE MARKET PSYCHOLOGICALLY. YOU ARE TRADING AGAINST OTHER TRADERS!

6 Module 3: LIVE TRADING (MONTH 3) TRADING THE MARKET WITH REAL MONEY This is when the action begins! We open a LIVE ACCOUNT for you which we require you to fund with a minimum of $20. You will plan your trades and execute accordingly. We have a $5,000 Trading competition that we will run for the duration of this month. The money will be allocated to the following categories: Best documented trade idea ($1,000) Best trade plan ($1,000) Best money management technique ($1,000) Most profitable SINGLE trade ($1,000) Most Profitable GROUP at the end of the Month ($1,000) Below is the Outline of the course for this final month of your trading course: LIVE TRADING 1 OPEN LIVE ACCOUNTS 1.1 PLACE TRADES ON A LIVE ACCOUNT 1.2 PRE TRADE PSYCHOLOGICAL ANALYSIS 1.3 POST TRADE PSYCHOLOGICAL ANALYSIS MONEY MANAGEMENT TOOLS 2.2 KNOWING WHEN TO LET A TRADE GO/ PREVENT OVER TRADING 2.3 MANAGING GREED, FEAR AND EUPHORIA ON COMPLETION OF THIS MODULE TRAINEE TRADERS WILL BE ABLE TO: 1. GENERATE AND EXCECUTE A HIGH PROBABILITY TRADE 2. HAVE A CLEAR UNDERSTANDING OF THE EMOTIONS ACTIVATED DURING LIVE TRADING 3. HAVE AN APPRECIATION OF FOREX TRADING AND WHAT FOREX TRADING IS NOT A GET RICH QUICK PROMISE. THERE IS A WAY IN WHICH THE MARKET MUST BE APPROACHED A SKILL THAT IS WORTH LEARNING AND ACQUIRING 4. UNDERSTAND THE NEWS AND HOW IT AFFECTS THE CURRENCY MOVEMENT 5. COMMENCE TRADING WITH A SMALL ACCOUNT WHILE CONTINUING TO BUILD AND STRENGTHEN THEIR SKILLS 6. APPRECIATE THE NEED FOR ON GOING GUIDED MENTORSHIP

7 Having completed the course trainees can qualify to be LEVEL 1 trainers. They will be required to write an assessment test in order to qualify. Course Schedules We have created options for class schedules that suit different needs. Classes (1 hour 30 minute lectures) are available daily on a working week and a 5 hour block course on Saturday Monday to Friday Morning Sessions Afternoon Sessions Evening Sessions 8-9:30 am 12-1:30 pm 5:30-7:00 pm Saturdays Block Lecture 2-7pm Classes (1hour 30 minute lectures) are available three times during the week and a block course (5 hours) on Saturday