Forex Trading
Course Outline

The Proper Mental Attitude

·    How to prepare your mind for trading
·    Relaxation Techniques
·    Concentration and Focus
·    50 Rules for trading
·    When not to trade

Introduction to Forex

·    What is Forex?
·    Who are the major players in the Forex market?
·    Central Banks
·    Advantages of Currency Trading (FOREX)
·    Forex vs Equities and Futures
·    Commercial and Investment Banks
·    Corporations
·    Global Managed Funds
·    Individuals

Trading Platform

·    Mechanics of a Forex trade
·    Spread
·    Pips
·    Lots
·    Long and Short
·    What is Margin?
·    What are the different order types?
·    Entry Orders
·    Exit Orders

Technical Analysis Vs Fundamental Analysis

·    What is technical analysis?
·    Why use technical analysis?
·    Advantages/Disadvantages of technical analysis
·    What is fundamental analysis?
·    Why use fundamental analysis?
·    Advantages/Disadvantages of fundamental analysis

·    Range Bound vs Trending Markets
·    Determining type of market
·    Finding support/resistance
·    Drawing trend lines
·    Trading support and resistance lines

·    Candle Formations
·    Bullish Formations
·    Bearish Formation
·    How do we use these to trade?

·    Chart Formations
·    Bullish Formations
·    Bearish Formations
·    How do we use these to trade?

·    Moving Averages
·    How do we set up the Moving averages?
·    Simple vs Exponential
·    Using the moving average with price as an indicator
·    Using multiple moving averages as indicators

·    Bollinger Bands
·    How do we set up the Bollinger Bands
·    Simple Moving Average
·    Standard Deviation
·    Using more periods vs less
·    Trading the ranges
·    Predicting Volatility
·    Finding Breakouts

·    MACD
·    Setting up the MACD
·    MACD Crossover
·    Center Line Crossover
·    MACD Divergence
·    Histogram
·    Divergence
·    Lows and Highs

·    Pivot Points
·    How are they calculated?
·    How are they traded?
·    How do we trade them?

·    Relative Strength Index (RSI)
·    How is RSI calculated?
·    Most common periods used
·    Overbought/Oversold
·    Divergence
·    Center Cross

·    Stochastic
·    How are Stochastics calculated
·    Fast vs Slow
·    Overbought/Oversold
·    Divergence

Fundamentals

·    A look at the Central Banks
·    Central Bank Rates
·    Carry Trades
·    Capital Flows
·    Trade Flows
·    Trade Balances
·    Keys to each countries economy
·    Trading on the Reports

Money Management

·    Risk Reward ratios
·    How many lots to trade?
·    Trading multiple pairs at same time
·    Swing Trading vs Day Trading

Live Trading

·    Using the techniques we have learned we will
     spend a day trading and analyzing our trades
·    Learn how to not only find buy and sell signals
     but when they are worth the risk

Forex Glossary

·    Standard Forex Terms

Follow up support, newsletters, recommendations, FAQs, research

How do I get started?

Step 1

Open a demo account (click here) to see the platform and learn how it works.

Step 2

Contact IMForex at info@imforex.com or call 516 889 8500 with any questions you may have on the demo or forex in general.

Step 3

Design a strategy

- Will you be a day trader or swing trader?

- Will you want to take advantage of the carry trades with a 2% account or would you rather more leverage with a 1% account?

- Which currency pairs will you be trading?

- What is your risk management strategy?

- What is your money management strategy?

Step 4

If you are struggling with any of the above you need to contact IMForex. We can provide one on one training that will help you formulate a strategy. The advantage of the personalized training is just that. We personalize the lessons to you. Based  the amount of time you have to trade, your risk tolerance, on how much you are going to start your account with, etc. This is something you can not get from a book. Look at what one of our students said about us:

“I am still a beginner in FX trading. When I started about 8 months ago, I thought I could buy a few trading books, read them, learn from them, make up strategy and earn money. I did buy them, read them and ,learned from them but I could not make up strategy. It is good to read the books at the beginning, to gain basic understanding of the FX market, but after some time you get stuck. You cannot go any further with your trading. You have a lot of questions but you don’t have anybody experienced to answer them. At this point I took IMForex one-on-one lessons. I asked him what I couldn’t understand and he clearly explained it to me and what is more he immediately showed me the example of my problem on the current charts, to make it even clearer to me. He has helped me to make a strategy that works and has given me his many years experience in trading FX. It was worth the money.”

Step 5

Open an account

Whether you decide to take training with IMForex or not you can still open an account through us. When opening an account through IMForex you will be opening an account with ChoiceFX. They will handle all the administrative work, your funds will be sent to them and you will be ready to trade.  What you get for free from IMForex is our expert analysis, our pivot and risk calculator, which comes with a free lesson to learn how to use it. Depending on the size of your account you will have different levels of access to our traders to ask questions. All this is FREE.