Forex Trading Syllabus

 

 

1. Introduction to Forex Trading

 

• What is Forex?
  
  
  • Definition and history
  
  
  • Forex market structure
  
  
  • Major currency pairs
  
   


• How Forex Trading Works
  
  
  • Buying and selling currencies
  
  
  • Forex market participants
  
  
  • Trading sessions and time zones
  
   

 

 

 

2. Basic Forex Concepts

 

• Currency Pairs
  
  
  • Base and quote currencies
  
  
  • Major, minor, and exotic pairs
  
   


• Pips, Lots, and Leverage
  
  
  • Understanding pips and pipettes
  
  
  • Lot sizes (micro, mini, standard)
  
  
  • Leverage and margin
  
   


• Types of Orders
  
  
  • Market orders
  
  
  • Limit and stop orders
  
  
  • Trailing stops
  
   

 

 

 

3. Fundamental Analysis

 

• Economic Indicators
  
  
  • GDP, inflation, employment data
  
  
  • Central bank policies
  
  
  • Interest rates and their impact
  
   


• News and Events
  
  
  • How to interpret economic news
  
  
  • Impact of geopolitical events
  
  
  • Using economic calendars
  
   

 

 

 

4. Technical Analysis

 

• Chart Types
  
  
  • Line, bar, and candlestick charts
  
  
  • Time frames
  
   


• Technical Indicators
  
  
  • Moving averages
  
  
  • Relative Strength Index (RSI)
  
  
  • Bollinger Bands
  
   


• Chart Patterns
  
  
  • Head and shoulders
  
  
  • Double tops and bottoms
  
  
  • Triangles and flags
  
   

 

 

 

5. Trading Strategies

 

• Trend Trading
  
  
  • Identifying trends
  
  
  • Using moving averages
  
   


• Range Trading
  
  
  • Support and resistance levels
  
  
  • Oscillators
  
   


• Breakout Trading
  
  
  • Identifying breakouts
  
  
  • Entry and exit points
  
   

 

 

 

6. Risk Management

 

• Position Sizing
  
  
  • Calculating position size
  
  
  • Risk-reward ratio
  
   


• Stop Loss and Take Profit
  
  
  • Setting stop loss levels
  
  
  • Using take profit orders
  
   


• Managing Emotions
  
  
  • Avoiding overtrading
  
  
  • Handling losses
  
   

 

 

 

7. Trading Platforms and Tools

 

• Choosing a Broker
  
  
  • Types of brokers
  
  
  • Regulation and safety
  
   


• Trading Platforms
  
  
  • MetaTrader 4/5
  
  
  • TradingView
  
   


• Using Trading Tools
  
  
  • Economic calendars
  
  
  • Forex calculators
  
   

 

 

 

8. Developing a Trading Plan

 

• Creating a Trading Plan
  
  
  • Setting goals
  
  
  • Defining trading rules
  
   


• Backtesting Strategies
  
  
  • Using historical data
  
  
  • Analyzing results
  
   


• Keeping a Trading Journal
  
  
  • Recording trades
  
  
  • Reviewing performance
  
   

 

 

 

9. Advanced Topics

 

• Algorithmic Trading
  
  
  • Basics of algorithmic trading
  
  
  • Using trading bots
  
   


• Hedging Strategies
  
  
  • What is hedging?
  
  
  • Techniques for hedging
  
   


• Psychology of Trading
  
  
  • Understanding trader psychology
  
  
  • Building discipline and patience
  
   

 

 

 

10. Practical Application

 

• Demo Trading
  
  
  • Opening a demo account
  
  
  • Practicing strategies
  
   


• Live Trading
  
  
  • Transitioning to a live account
  
  
  • Managing real trades
  
   


• Continuous Learning
  
  
  • Staying updated with market news
  
  
  • Joining trading communities
  
   

 

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