Introduction to Forex Trading Business For Beginners

Course details

This course material is mainly designed as a foundation course for all who are willing to learn Forex Trading. The prime objective of the course is to lay a strong foundation for the learner regarding the basics of Trading. As we all know, the foundation is the most essential part of any structure. A building can afford any number of floors over it only if its foundation is strong enough. In the same way, we need to first acquire a thorough knowledge about all the basics in trading, so that we can advance further in a smooth way.

By deciding to learn and follow trading, you are entering into a serious business world and hence you should train your mind to think so. As in every business, there are certain points that each trading aspirant has to first understand - like,

• The basics of trading business
• What is the profit in it
• What are the risks incurred
• How to overcome the risk
• How to overcome the loss, if any
• What is Forex Business
  
• What are the traps waiting

Considering all the above points, in our course, we take you through a series of videos that cover the entire basics of Forex trading business.

The course is structured such that it takes you through different sessions that explains all that a trader needs to know, clears the doubts in the mind of trader, give a thorough basics knowledge and exposure to trading world. 

The topics covered are,

• What is traded in Forex Business
• What is Forex Trading  or currency trading and how does this business happen
• What are Major Currency Pairs in Forex  
• What are Cross currency pairs in Forex
• Market Size and Liquidity of Forex market
• Why is Dollar called as King in the Forex Business
• Different Ways to trade Forex
• Effect of Forex market on other financial markets
• Who Trades Forex
• Forex market Business participants
• Difference between Forex Market business and Other financial  Markets
• Advantages Of Forex Trading over other markets

We also take you through the different types of analysis done in Forex market business like,

• Fundamental analysis
  
• Technical analysis
• Sentimental analysis

Without knowing the terminologies used in the trading world, you cannot take even a single step in the trading business world. So in our videos, we are giving a detailed explanation of all the terminologies used, which includes,

• Defining pip 
  
• Reading the currency quote in Forex
• Explanation of bid and ask prices
• Leverage
• Margin
• Equity
• Balance
• Lot
• Spread
• Commission
• Stop loss
• Take profit
• Trend 
• Short selling in Forex

How a trader make money in Forex is illustrated with examples. One of the highlights of trading is that we can grab the opportunities in our business by placing pending orders. Hence it is explained in detail with examples as,

• Types of orders
  
• Market orders
• Pending orders (Sell Stop, Buy Stop, Sell Limit, Buy Limit)

While in business, you should know about the best time to do the business. So, time of trade is an important factor, and hence we have developed videos on,

• Forex Trading Sessions
  
• Best Time of Day to trade Forex 
  
• Best Time of the Week to trade Forex 
• Worst Time of a day to trade Forex 

The success in every business lies in knowing the areas where we might get cheated or where the traps are laid for us. We will take you through different types of frauds and scams that you should be aware of and should avoid under the following videos,

• Choosing a broker for your trading business
• How to recognize a cheating broker and avoid dealing with them  
• Forex Frauds

Once you understand about selecting brokers and also the frauds, we will guide you step by step on how to register and open an account. That is, we are giving guidance on how to start your own business with the help of below videos,

• Opening a Trading Account with the right broker
• How to deposit and withdraw money from brokers
• The registration process of one broker

Once you register with broker, it is time to execute the trading business. So our next step is to help you download and make you familiar with the tool that we use for trading business. The following video session covers,

• Downloading your trading terminal platform
• Opening a demo account for practice with real time environment
• mt4 trading terminal introduction
• Customizing chart
• Placing your first market order
• Setting up your mt4 terminal
• Adding indicators to your mt4
• Setting up profiles in your mt4

In addition to all above, we provide you with videos on some technical tools that are helpful in the trading business like,

• Trend is your friend
• Identifying Trend
• Explanation of moving average indicator and how it works
• Placing Pending Orders
• Drawing support and resistance lines
• Trend-lines 
• Introduction to candlesticks and price action
• Why indicators are delayed
• Why choose Price Action
• Types of signals, continuation and reversal pattern signals etc…etc…

We are giving you more awareness additionally about trading world through below videos,

• Legends of Forex trading
• Why many  traders fail in this Forex business
• What type of trader you are
• Swing trading (long term trader)
• Speculator
• Position Holder

In future, we will be adding more videos which will be available for free along with this course.

The ultimate objective of this course is making you understand the foundation of Forex trading business in detail and it is done systematically. Now the next question will be 'What is next' after completing this course !!!

We have the answer for it…Watch our video "What's Next"…

In this video, we guide you to the next step to be followed to become the most successful trader…

Thank you and wish you all success, as you enter into the trading world.