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The most basic factor influencing currency exchange rates is supply and demand. Proper Forex trading is simply a transfer of accounts from those
who have not attained the needed edge through proper education, into the accounts of those who have. This allows the trained Forex trader to
apply our simple, rules-based strategy to identify ideal entry and exit points even without access to underlying market research. Each day’s
agenda contains 2-3 powerful and fully interactive lectures led by a professional trader combined with 1-2 live trading sessions focusing on
market analysis and trade execution.
Prerequisites: Professional Trader Course, Part 1 and 2.
View Course Curriculum
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What You Will Learn
Analyze the global market and choose the right currency pairs for your trading objectives.
Learn to track and capitalize on market moves even if you don’t have access to complete research on underlying market conditions.
Your Trading Plan
Develop your personalized trading performance benchmarks and practice strategy execution with real time data.
Understand the difference between Forex and equities trading and how to use both in harmony.
Professional Forex Trader Curriculum
Course Type: On Location, Online
Duration: 5 days, Days are approximately 6.5 hours/ 10, 3 hr sessions online
Forex trading is a serious competition between two sides where there is always a winner and a loser. To be successful in trading
the Forex markets, you must have a simple rules-based “edge”. The OTA edge is our award winning market timing strategy.
Market Timing is the ability to identify key market turning points and strong market moves in advance with a very high degree of
accuracy. The Professional Forex Trader Course delivers this strategic edge by combining powerful skill building lessons and hands
on live market trading sessions during this five day course. What you will learn in this class you will not find anywhere else or
read in any industry trading books.
Why trade the Forex markets?
- Leverage – Low capital requirements. Forex traders can start with much smaller amounts of money than you need for
- Time – Forex traders can trade when they have time. The Forex market is open and moving 24 hours a day, 5 ½ days a
week. Trading occurs in all time zones in the world and can be a part time or full time occupation.
- Opportunity – The most important reason to trade the Forex markets is the fact that they are fantastic trending
markets that are always moving, there is always a Forex market to trade. They are also made up of markets that are not moving in the
same direction. This provides rare non – correlated opportunity. Also, traders can profit in up and down trends by buying long or
- OTA Core Strategy - OTA's unique core strategy identifies where banks and institutions are buying and selling in
the Forex markets. With Forex trading dominated by the world's largest banks causing strong market moves, knowing where they are
buying and selling is KEY information for the individual trader.
This course is designed for students of all experience levels who are serious about trading like a professional Forex trader.
Professional Trader Course, Part 1 and 2. Online Student Orientation and the Platform Orientation are recommended pre-requisites
for this course. No trading experience is required.
- Each day's agenda contains 2-3 powerful and fully interactive lectures led by a professional trader combined with 1-2 live trading
and analysis sessions focusing on market analysis and trade execution.
- Maximum 22 person capacity providing individual attention from your instructor
- Each student is provided a classroom computer where they learn in a hands-on environment
- Students are provided trading workstations with real time data so they can practice strategy execution while under the guidance
of a seasoned trader/instructor.
To clearly understand and properly execute OTA's rules-based Core Strategy in order to attain short term income and long term wealth.
Detailed Course Outline
- Forex Foundations
Gain a foundational historical perspective of where foreign exchange began in order to better understand how trading the Forex markets
really work. Learn eight powerful reasons why Forex Trading is an exceptional market to trade.
- Forex Terminology and Market Structure
Forex has a language unto itself. Become proficient in using terms including spot, lot, pip, pairs, rollover and
how the Forex Markets are structured. You will be taught key concepts including Decentralized Market Structure, Market Participants,
and how both traditional brokers and ECN brokers operate.
- Currency Pairs
Two currencies linked together in what is known as a currency pair is the cornerstone of Forex Trading. You will gain a solid
understanding of Base Currency, Quote Currency, The “Majors” and Cross Pairs and their notable characteristics, as well as important
strategic trading action steps based on Supply and Demand Trading with Online Trading Academy's Core Strategy.
- Core Strategy Review and Application
This course is built on the foundation of Online Trading Academy's Core Strategy taught in Professional Trader
Part 1. Reviewing and understanding the OTA core market timing strategy is key. Knowing where the next market move
is going to begin and end is the key to consistent short term and long term trading profits.
- Trading Styles
You will explore the different trading styles including short term as well as long term (Swing and position trading)
and what to look for when applying these styles of trading to the Forex Markets. You will utilize a Trading Style
decision matrix to identify the style of trading that is the best fit for you and your trading goals.
- Preparing To Trade
To successfully trade as a professional Forex trader requires preparation. Your instructor will outline a solid,
consistent routine that will assist you in becoming and remaining a patient, focused and disciplined trader.
- Order Types
You will review the primary order types including Market, Limit, Stop Market, Stop Limit and Bracket orders.
You will be taught what these order types are used for and advantages and disadvantages of each.
- Live Trading and Analysis
Our live market trading and analysis sessions are a favorite part of the course for students. During these
sessions throughout the course, you will put into practice what you are learning in a hands-on fashion in
the live markets. From your own individual classroom trading workstation, you will use a live trading platform
from the industry leading FXCM Forex broker to trade live in the Forex markets with real data. You will put into
practice what you are learning in a hands-on fashion under the guidance and support of an expert Forex Trader.
- Multiple Time Frame Analysis
Multiple Time Frame analysis is key to identifying high probability, low risk, and high reward trading opportunities.
No matter what style of trader you are, you will utilize three specific chart time frames with purpose and focus.
- Forex Fundamentals
Awareness of news and Economic Reports providing key information such as the strength and weakness of various
economies, overall market and investor sentiment is critical to the prepared professional Forex Trader.
Knowing what action to take when Central Banks adjust Interest Rates is one example of the skills you will
develop through this course. Using Online Trading Academy's Trader's Dashboard, you will focus on the most
important Forex reports to be prepared for identifying high probability trading opportunities based on the
market reaction to such news and reports.
- Risk Management
Risk Management is one of the 7 key components of your trading. You will continue to develop a proper risk
management plan that considers three Controllable Risk Factors which allow you, as the Forex Trader, to grow in
your trading experience and competence while not destroying your capital. You will gain the knowledge and
skill to properly calculate position size to minimize risk on each and every trade.
- XLT Live Trading
XLT stands for the Extended Learning Track which is the graduate program at Online Trading Academy. XLT
is an online program that extends the time our graduates have with their instructors and their fellow students.
This segment of the course provides you with a 90 minute actual XLT session specifically for the students in any one
of Online Trading Academy's Professional Trader Courses, allowing you to experience what our graduate program is all about.
- Forex Correlations
Global correlations with commodities such as Oil and Gold play a large role in the flow of global capital and international
trade which impacts the Forex trading market from which quality trading opportunities arise. This portion of the course will
look at these important correlations and provide trading action steps based on whether the importing market is the base
currency or the quote currency and which correlation (negative or positive) to look for.
- Forex Relative Strength
The concept of “Cross Pairs” will be added to your knowledge and applied in order to measure the strength of an individual
currency which helps in determining which are the quality Forex pairs to trade.
- Odds Enhancers
Odds Enhancers are Online Trading Academy's proprietary scoring system for objectively measuring the quality of trading
opportunities. This lesson reviews the 4 Odds Enhancers presented in the Pro Trader course, as well as unveils Odds Enhancer
#5, “Level on Top of Level” and Odds Enhancer #6 which focuses on the US Dollar Correlation. Odds Enhancers are an important
component that gives you “the edge” over the trading competition.
- Trade Management
Often times the most difficult part of trading is not identifying a trade setup, but managing the position after
you have entered the trade. You will focus on position management through scaling in and out of trades, as well as learning
exit techniques designed to capture maximum profit with the least amount of risk.
- Live Trading and Analysis
From your own individual classroom trading workstation, you will use a live trading platform from the industry leading
FXCM Forex broker to trade live in the Forex markets with real data. You will put into practice what you are learning
in a hands-on fashion under the guidance and support of an expert Forex Trader.
- Forex Time Zones
The market responds with high probability price patterns within certain time zones. Some time zones have higher liquidity
and price movement than other time zones. Forex is open for close to a 24X7 timeframe. As a Forex Trader you will
learn the ebb and flow of various time zones and look to take advantage of trading opportunities that reoccur on a
regular basis during specific times of the day.
- Momentum Breakouts
The benefit of momentum trading allows you to participate in a strong market move after it is under way (breakout).
You will learn the rules and skills to take advantage of momentum moves while still properly managing risk and reward.
- Secondary Support Tools
Improper use of technical indicators and oscillators are some of the biggest reasons traders fail! These tools are
not the primary tool used in Online Trading Academy's Core Supply and Demand Trading Strategy, but when used properly,
these secondary support tools can help stack the odds in your favor and provide that additional confirmation when taking a trade.
- Trade Plan Development
Having a trading plan is key to the professional trader. Trade-plan development is not a “topic in a course” but
rather a process of taking concepts that have been learned and skills that have been acquired and continually
updating your trading plan to reflect the level of trader you are at and plan to achieve. In addition to trade plan development,
you will explore valuable considerations about establishing your trading as a business.
- Live Market Trading and Analysis
You will begin your final day of class with another hands-on trading session identifying trading opportunities and
executing trades in all the global futures markets.
- Broker Accounts and Regulation
Forex broker dealers want your business and there is enormous competition between them to acquire it. You will
be taught key aspects, such as regulation and capitalization, which will help you identify reliable and competent
broker organizations using objective measurement criteria.
- Forex Futures and Spot Forex
Trading Forex markets can be done in a number of ways which offers you a tremendous amount of flexibility, but
can also cause some confusion. You will gain a clear understanding of the advantages and disadvantages of both
Forex Futures and Spot Forex.
- Mastering the Mental Game
The human mind is not wired to trade properly. From birth we are conditioned and naturally gravitate toward
that which makes us feel good and staying away from that which makes us feel bad. Taking this action in the markets
is a recipe for consistent losses. This has to be corrected! This course provides you with the proper
tools to handle those natural emotions and the actions that stem from these emotions. You will also explore keys
to successful trading such as discipline, integrity, patience, diligence and hardwork.
- Ten Laws of Trading
The Ten Laws of Trading are absolutes that should be a part of every trader's trading plan. These dos and don'ts
keep Online Trading Academy students focused on the right things. This gives you the foundation for becoming a
well-rounded, disciplined trader.
- Final Exam and Graduation