Scribd
Upload
58 views7 pages

Forex Trading Masterclass For Newbies

The Forex Trading Masterclass for Newbies is a comprehensive course designed to teach beginners the fundamentals of Forex trading, covering topics such as market mechanics, trading terminologies, market analysis, and trading strategies. Each module includes practical activities to reinforce learning, such as creating demo accounts, placing trades, and developing trading plans. Additional resources like a Forex glossary and a list of reliable brokers are provided to support learners in their trading journey.

Uploaded by

Samuel Olorunda
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
58 views7 pages

Forex Trading Masterclass For Newbies

The Forex Trading Masterclass for Newbies is a comprehensive course designed to teach beginners the fundamentals of Forex trading, covering topics such as market mechanics, trading terminologies, market analysis, and trading strategies. Each module includes practical activities to reinforce learning, such as creating demo accounts, placing trades, and developing trading plans. Additional resources like a Forex glossary and a list of reliable brokers are provided to support learners in their trading journey.

Uploaded by

Samuel Olorunda
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 7

Forex Trading Masterclass for Newbies

Learn, Trade & Grow - Master the Basics to Start Earning


Forex Trading Masterclass for Newbies

Module 1: Introduction to Forex Trading

Topics Covered:

- What is Forex?

- Major currencies and currency pairs

- How the Forex market works (buyers/sellers, brokers, liquidity)

- Market sessions and best trading hours

- Key benefits and risks of Forex trading

Practical Activity:

Create a free demo trading account on a trusted platform like MetaTrader 4 or TradingView.
Forex Trading Masterclass for Newbies

Module 2: Forex Terminologies & Trading Platforms

Topics Covered:

- Pips, lots, leverage, margin, and spreads

- Bid/Ask price, long/short positions

- Types of orders (market, limit, stop-loss, take profit)

- How to use MetaTrader 4 or 5 (interface, placing trades, charts)

Practical Activity:

Place a demo trade using a basic currency pair (e.g., EUR/USD). Set your stop-loss and take-profit.
Forex Trading Masterclass for Newbies

Module 3: Understanding Market Analysis

Topics Covered:

- Technical analysis basics (support, resistance, trendlines, indicators)

- Popular indicators (Moving Averages, RSI, MACD)

- Fundamental analysis basics (news, economic indicators)

- How news affects currency prices

Practical Activity:

Read the ForexFactory calendar, pick a major news event, and observe its effect on the market in your demo

account.
Forex Trading Masterclass for Newbies

Module 4: Trading Strategies for Beginners

Topics Covered:

- Risk management (1-2% rule, stop loss discipline)

- Simple day trading and swing trading strategies

- Timeframes and strategy selection

- Developing your own trading plan

Practical Activity:

Create a simple trading strategy using 1 indicator + support/resistance. Test it on your demo account.
Forex Trading Masterclass for Newbies

Module 5: Psychology, Discipline & Going Live

Topics Covered:

- Trading psychology (fear, greed, overtrading)

- Building emotional control and discipline

- Journal your trades (entry, exit, emotion, result)

- When and how to switch from demo to live account

- Choosing the right broker (regulation, spreads, deposit methods)

Practical Activity:

Start a trading journal and document at least 5 demo trades with your emotions and analysis.
Forex Trading Masterclass for Newbies

Bonus Resources

- Forex glossary PDF

- List of reliable brokers

- Demo trading challenges

- Risk management calculator

You might also like

pFad - Phonifier reborn

Pfad - The Proxy pFad of © 2024 Garber Painting. All rights reserved.

Note: This service is not intended for secure transactions such as banking, social media, email, or purchasing. Use at your own risk. We assume no liability whatsoever for broken pages.


Alternative Proxies:

Alternative Proxy

pFad Proxy

pFad v3 Proxy

pFad v4 Proxy