The Forex and CFD Trading Course

Introduction

The Forex market is the largest financial market in the world. During the late 1990’s with the development of the internet, trading software saw the emergence of Forex brokers who allowed trading on margin. That was the start of the growth of retail trading. Traders are able to trade spot currencies with market makers on margin by putting down only a small percentage of the trade size and can buy and sell currencies in seconds.

You are unique to us. Your trading style and methods should be very special. No one should know this better than you. No one knows the quirks of your trading methods better than you. But before we delve deeper into the subject of Forex trading, you need to get familiar with the tools of the trade. Just as learning to use any new tool, it will require a period of time to become fluent. It might require a period of time to become comfortable with the tool and what it tends to output in different price action situations. But once you do become familiar, you will come to know its response like the back of your hand.

In this lesson you will explore these things:

1. What is MT4

The reasons why we use the platform. Exploring different possibilities with MT4.

2. How to download your MT4 platform

This is a step by step tutorial on how to download the MT4 platform by logging into the Trader’s Room.

3. Which are the top pairs to trade

Most traded currencies and the top 8 pairs, which make up for 72 % of volume in the Forex market. This part also shows how easy it is to watch all the pairs from the Market and Mini Terminal.

4. What is a PIP, leverage, margin?

This part of the video explains these key terms by showing different examples and formulas. It is also advised that traders should start with lower risk in order to stay in business in the long run. Additionally it shows the power of higher leverage that can be used to a trader’s advantage, if used in the right way.

Before you start trading with real money you need to get used to trading with virtual money. We will provide you with a risk-free Demo account. Demo trading accounts are the perfect way to practice Forex trading in a risk free environment before committing any of your own money to trading.

1. How to open a Demo account

The lesson video shows a tutorial on how to open a Demo account.

2. How to open a Trader`s Room

Before creating a Demo account with Admiral Markets you need to get your Trader`s Room

MetaTrader4 (MT4) platform is a simple yet comprehensive way of accessing and analysing the financial markets. This video quickly explains how to download and install the software on your device, plus it shows you how to setup the basic functionalities of the platform.

Once ready, you are free to explore the various platform options, such as opening financial instruments, creating analysis, saving templates and adding indicators. Also, the multiple advantages of the MT4 Supreme Edition (SE) are explained, such as the wide scale of indicators, tools and order management.

In this lesson you will learn:

1. How to download and setup the MetaTrader 4 platform. Explaining the basic features of the trading platform.

2. How to use the MT4 platform—this part shows how traders can access trading charts inside the platform. It also explains how to save templates, change timeframes, and other important options.

3. Finally, traders will get a look at the benefits of the award winning MetaTrader 4 Supreme Edition*—this custom designed add-on for MT4 offers traders an improved way to engage with the market and their trading. Admiral Markets built the platform to serve the needs of its traders and has added many interesting features.

What is currency trading?

1. How to enter the market: the video explains how traders can enter the financial markets, through buying or selling.

2. How to place and modify stop loss and take profit: entering the market is one aspect but choosing a proper exit is just as important. Learn how to setup exits before entering the market. Also find out how to change exit during the setup by modifying the order.

3. How to add pending orders: this part not only explains how to set up pending orders but also where pending orders can be placed compared to current price. The video shows how to use buy limit, buy stop, sell limit and sell stop.

1. Trading strategy

The lesson explains proven 2xMACD strategy that I have created and customised with MACD and double Stochastic indicators. As well as a step-by-step tutorial on how to trade the strategy with different examples of entries.

2. Proper Risk Management

The video shows an example of both good and bad money management. The left side is the account with 10 bad trades in a row where only 17 % of the account has been lost, while the right side shows how over 60 % of the account has been lost due to bad money management in 10 losing trades.

3. How successful trading account statements look

My personal account statements, which differ in the amount of profit gained. All 3 (1, 2, 3) statements show a positive curve and ROI. This is proof that it’s possible to invest by trading Forex! Although this all depends on the individual.

How to Read Forex Charts

“When trading a system it is very important that you understand indicators used. In the 2xMACD system we will use 4 different indicators. EMA, MACD, Stochastics and Pivot Points.

EMA or Exponential Moving Averages is the indicator that traders use in conjunction with another EMA for a different period, to signal confirmation of a change in price behavior.

We use 2 exponential moving averages to show us the INTERIM trend. The current trend should be aligned with major trend.

How to Start in Forex

MACD is used to identify a new trend, whether it’s bullish or bearish. MACD points to MAJOR trend. When both interim and major trends are aligned our chance to have a successful entry is higher.

Stochastics is a momentum indicator. Stochastics is used as an entry indicator. We align stochastic with a trend and buy or sell when stochastic lines cross each other. Stochastic has a high degree of accuracy to spot overbought and oversold conditions.

We use Pivot Points to identify potential support and resistance levels. A pivot point and its support/resistance levels are areas at which the direction of price movement could possibly change. Pivot Points tell us where to place our stop loss (SL) and where to place profit target (TP).

The Various Indicators Used by Forex Trading Signals

Take Profit (TP or T/P) is an order used by currency traders specifying the exact rate or number of pips from the current price point estimating where to close out their current position for a profit

A stop-loss serves to limit a trader’s loss on a position. By using stop loss your losses will be limited.”

1. What are the core points of a trading plan—the video shows the core elements of a trading plan. Traders will discover what parts should be added in a trading plan and in what sequence.

2. Examples of a trading plan on charts—this part shows a simple trade plan example and lays out some of the choices traders can make when setting up a plan.

3. Key tips for making a better plan—the video explains some of the most important tips to keep in mind when setting up a trading plan.

The Forex and CFD Trading Course