BECOME A BETTER TRADER

At the Forex Library we don’t just keep you up to date with the latest financial news but we also see value in educating traders around the world. Therefore, the Forex Library has developed and built a course suited for traders of any skill level, from beginners to professionals, with ease of access so anyone, from the comfort of their home can learn and develop their skills as a trader. The step-by-step lectures will capture the essence of trading Forex in a comfortable and understanding manner.

Our educators and analysts that have developed this course have over 300 combined years of experience in the financial markets, therefore you can be sure that all the information that you are yet to receive is accurate and has been tested and executed successfully.

We hope you include The Forex Library on your journey to improving your Forex trading knowledge.

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The course material tackles the following topics:

• Essential Forex terminology

The forex market comes with its own set of terms and jargon. We’ll teach you how to speak forex before you delve deeper into the market.

• Key phrases and expressions used in the industry and what they mean

Trading slang can be difficult to decipher, but it’s essential to know when and where to use them if you want to keep up with major players in the market.

• Detailed examples and helpful analogies to illustrate key concepts

We break down complex principles by using clear analogies and real-life examples.

• Forex market facts and figures

Forex data is variable, but we’ll help you process daily activity and unpredictable market movements. You’ll also learn basic forex facts that can help you make smarter trading decisions.

• Chart examples, including real historical examples

Trading may look intimidating to some beginners because of all the graphs and figures involved.

Forex charts present the historical behavior of price movements between currency pairs. We’ll help you interpret charts and identify patterns that can signal entry and exit points, continuations, and reversals.

• Technical essentials, including market structure, support, and resistance patterns

When analyzing chart patterns, traders need to be familiar with the concepts of market structure, support, and resistance. These terms are often used to refer to price levels that prevent an asset’s price from moving towards a certain direction.

• The difference between technical analysis and fundamental analysis

Learn about the two main schools of thought when it comes to market analysis. Investors and traders use both types of analysis to evaluate and predict future stock prices.

• Understanding bullish and bearish chart patterns

Forex charts guide traders in tracking currency movements, identifying the number of active traders in a market, and determining areas of support and resistance.

Chart patterns come in different types. Each one highlights a specific trend in a specific market. Understanding the differences between various types of chart patterns is critical to making more informed trading decisions.

• The importance of candlestick patterns

A candlestick chart displays the market’s high, low, open, and close price for the day.

Learn how to read and interpret candlestick charts, as well as recognize candlestick patterns that can help you evaluate price direction and previous price movements.

• The basics of trend reversals

Every trend in the forex market will reverse and stop at some point. A smart forex trader will have a reliable trend reversal trading strategy to balance the lower odds of trading success.

Learn how to discover trend reversals, read price actions, and forecast potential areas where the market could reverse.

• The power of Fibonacci Retracements

Fibonacci retracements help traders determine key levels of support and resistance and where to place orders for market entry. As a result, traders can take profits and stop-loss orders.

Fibonacci levels are typically calculated following a large movement (either up or down) in a market, causing the market to flatten out at a specific price level.

Discover how to leverage Fibonacci retracements and learn how they’re different from moving averages.

• The difference between Forex and other types of trading

Analyze what sets the currency market apart from other financial markets such as bonds, stocks, physical assets, and options and derivatives.

• Common trading mistakes

Foreign exchange is a highly profitable yet complex market. Mistakes are inevitable, especially for people entering the market for the first time. Likewise, traders who rush into trading without learning the basics can end up making costly mistakes.

Learn about the common mistakes first-time traders make, so you can minimize errors and maximize returns.

• Underrated performance management tools

Common variables traders usually look at include net profit, payoff ratio per trade, win percentage, and largest drawdown.

But there are other metrics traders tend to overlook, which can provide critical insight into your day trading performance. Know which metrics to watch out for and how they can help take your trading strategy to the next level.

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Other concepts you’ll learn:

• Liquidity and trading volume
• The role of forex brokers
• Equity, margin, and leverage and how they help you optimize probability
• Volatility in the market and how traders react to it
• The most popular currency pairs as well as exotic currency pairs
• Patterns, support, and resistance levels and how to monitor these
• Identifying forex chart patterns and using them to inform trades
• Maximizing profit while keeping risk at reasonable levels
• What market orders and pending orders achieve and how to determine which is more appropriate in any given situation
• Why the economic calendar is a crucial tool for any trader
• Other tools traders need to stay informed in real time
• How to time trades effectively
• Key participants in the forex market, including investment banks, fund managers, and individuals
• How to use the timing of different trading sessions to your advantage
• Which times of day liquidity is deepest and spreads are tightest
• When forex pairs tend to be most volatile
• How to keep a proper record of your currency trading history to develop and improve your strategy
• How to objectively self-assess and evaluate professional trading decisions
• How to execute your trading system consistently and track its performance
• The psychological factors that need to be considered when building a forex trading strategy
• How to effectively practise self-discipline when trading

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Who is this Forex Course For?

Our course offering is designed for traders of varying skill level, including:

• Individuals who are new to forex trading or only traded other financial instruments such as options and shares.
• Traders who have ventured into forex in the past and need a refresher course to enter the market again.

Forex Trading Course Aims

Our forex trading training course aims to help both new and experienced traders sharpen their skills, boost their confidence, and achieve success. Learn the fundamentals of foreign currencies, market analysis, risk, and money management, and more.

The Importance of Forex Education

The foreign exchange market is always changing. Trading strategies that worked just a few years ago may be obsolete today. Even seasoned traders require continuous training to keep up with market trends and drive long-term profits.

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Learn Forex Fundamentals

A forex course allows novice traders to learn the basics of trading. This includes understanding terminology, performing basic calculations, and knowing how currency values are formed and the factors that can impact exchange rates.

To be a successful trader, it’s also essential to have a firm grasp of risk management early on.  Likewise, familiarizing yourself with key concepts such as margin, rollover, and type of orders is a must for all traders. It’s impossible to trade successfully without knowledge of these fundamentals.

Develop a Proper Trading Mindset

Winning traders have similar mindsets. They know the importance of committing to their trading plans and not letting emotions get the best of them. Successful traders know when to book profits and losses and see failure as a learning opportunity.

Online courses are designed to help beginners think like professional forex traders. Developing a trader’s mindset enables you to develop smarter decisions and limit mistakes down the road.

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Build Confidence in Forex Trading

As a forex trader, confidence helps you build profit, cut losses short, and regulate unwanted emotions.

Forex trading courses can give you the confidence and autonomy to take risks while being patient between trades. Additionally, confident traders don’t have to keep consulting for every trade, allowing them to save time and avoid unnecessary risk.

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Master the Skill of Forex Trading

By learning the basics of the FX market, you gain the skills and knowledge you need to be a smart and responsible full-time trader.

Sign up for our forex trading training course now, and kickstart your trading journey.

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