Lex's Technical Trading Strategies for FX

Course details

In his BBC television TV show Million Dollar Traders former Goldman Sachs trader Lex van Dam trained a diverse group of eight people with no trading experience for two weeks, after which he handed them $1 million of his own money. They then traded his money for eight weeks, and ended up outperforming the professionals. This training program was the basis for his 5-Step-Trading ® method.

In 5-Step-Trading ® FX we spend a lot of time talking about how to find good trading ideas and how to analyse them to see if they make sense from a fundamental perspective. Only then do we look at charts for additional reasons to trade or to hold off, before continuing with the psychology of trading and risk management. In Lex's Technical Trading Strategies for FX online course we speak about technical indicators and currency charts. When it comes to trading set-ups, fundamentals are pretty much irrelevant; it is purely about price action.

Lex's Technical Trading Strategies For FX starts by explaining the different types of traders in the market so you can understand what kind of trader you might be yourself. We will then discuss a variety of technical indicators that Lex uses himself. We will look at how they are derived and what they exactly indicate. That will lead to what this course is really about and that is sharing twelve of Lex's favourite trading set-ups. They help make trading less emotional and more objective and probably most importantly Lex uses them himself to generate actual trades. This analysis is not just suitable for currencies, it is also applicable to Commodities and Indexes as well.

Lex van Dam is regulated by the FCA and the Academy adheres to the highest professional and ethical standards.

What kind of materials are included?

• Online videos (total time 2.5 hours)

How long will the course take to complete?

The course consists of seven online videos, each 10 - 30 minutes long. The overall length of the online videos is approximately 2.5 hours. We are also happy to answer any questions you may have while learning with us.

Why take this course?

This course is meant for those who want to improve the timing of their trading and purely focuses on the technical aspects of trading with so-called technical trading set-ups. Of course, it is impossible to have one set-up that will work under all circumstances, despite what you might be told by people who are trying to sell you expensive secret set-ups. Using other people's set-ups without thinking about the current market or your own style and personality does not strike Lex van Dam as a winning strategy.

That is why you need to have many different set-ups in your arsenal and you must play with them and possibly change some of the parameters and variables to make them work at a specific time for a specific currency pair. Paper-trading or back-testing might be part of that. Also don't forget that you need to adapt your set-ups to your own personality and your own trading style as well.

By taking this course you will have the best chance of learning how to choose the right set-up at a specific time for a specific currency. In addition, this course is applicable to commodities and indexes trading as well.

Disclaimer

Our courses are for educational purposes only and do not serve as investment or trading advice.