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Forex Trader Part 2 - Saudi
Course Description
You have now learned the basics of Foreign Currency trading. You have been taught the tools of the trade but now you want to "put it all together". The Forex Trader Part 2 Class is designed to give you that next step in your Forex development. In this class, which is really a "lab session," you will be taught how identify a trading model and a series of tactics that fit you. In these sessions, we insist that you trade with live streaming data. You will download a platform, set it up and begin trading. Each segment is then completed and compared to the Online Trading Academy Model Trading Plan. We help you identify your strengths and weaknesses to see how well you can match the model.
This then leads to a real time calculation of Win/Loss ratios, Pip Profit/Loss ratios and clearly shows you how to improve so that you are now getting "strings" of winners instead of the erratic trading most begin with.
In this class, you will work the Forex markets with a Trading Professional who will tell you how to do it, show you how to do it and make you do it. You then critique each trade and each tactic to see what best fits your style of trading. We will cover scalping, momentum and Swing trading along with the necessary technical and fundamental analysis required.
Course Times
Class Materials
Each student will receive a binder with all class slides printed in color, with room to write notes. Also included are class handouts and any additional material the instructor provides for the course, so student can easily refer to all class material after the class.
Course Curriculum
Days 1 - 5
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Learn Advanced Trading Techniques
Develop Personal Trading Plan
Develop Personal Trading Audit and Diary
Open demo account if not already open (attendees should open them prior to attending. Demo account can be from any firm they choose to trade as long as it provides "live" data streams)
Learn components of personal trader plan
Compare trading plan to model plan of Online Trading Academy
Trading plan model components
Develop your trading plan - step by step
Technical analysis
Review of 3 Key Trading Strategies
Fib Based Trades
Reversal Trades
Break Trades
First test drive of skills in teams by putting on trades that apply each of these trading strategies
Report group test trades and identification of weaknesses
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Remedying weaknesses in trading strategies and tactics
Focus on multiple time analysis
Multiple time analysis of the EURUSD and discover how powerful a tool it is to help you shape your trades
Strengthening group understanding of a particular trading tactic/tactics
Further develop personal trading plan
Compare personalized trading plan with model
Develop personal trading performance benchmarks
What is the Win/Loss Ratio?
What is your winning streak pattern?
What is your losing streak pattern?
What is the distribution of PIP gains versus PIP losses?
What is the length of time in the trade?
Trade the day
Wrap up and analysis of trades and model comparison
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Some comments from recent graduates:
"The instructor obviously knew the subject well and his delivery was excellent."
David P., September 2005
"Half way through the second day, a light literally clicked on inside my head! I cannot over emphasize this fact. I was amazed how the last 18 months of individual study and searching came together with a clarity of understanding that truly surprised me and well beyond my expectations for this class. Thank you so very much."
Russell T., December 2004
"No gimmicks, learn the real deal, with an active trading instructor."
Fabian R., June 2004
"I was very pleased with the FX class, it was well organized, had good content with enough substance to more than satisfy your target market and was delivered by Mike in a way that kept our attention. I have been in the markets for 31 years and have attended many training programs and seminars over the years, and I believe that Mike is probably the best instructor that I have seen."
Mark, Chicago, IL, February 2004
"You may have wind to set your sails but you need a map to plot your course...Online Trading Academy is the map to set you in the right direction."
Fabian R., June 2005
"The instructor did a really good job of making me understand the reality of Forex trading and showed great knowledge and experience in answering my questions."
Sanjeev M., September 2005
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