Trading Skills Course

• Understand how fundamental, economic and political events influence financial markets
• Trade multiple assets in real-time markets using an online trading platform
• Use chart analysis to forecast financial market price behaviour
• Explain how technical analysis strategies can be used to identify trading opportunities
• Analyse the risks associated with retail and institutional trading
• Assess how asset prices and trading performance can be affected by human psychology
  

Where to start?

• Further understanding of the FX market
• Currency comparisons
• Fundamental and Economic Analysis
• How and why this affects the markets
• Checking daily macro news
• How to prepare your day as a trader

Building a Trading Strategy

• Fundamental or Technical approach?
• Identifying a trade from conception to execution
• Timeframe analysis
• Risk management and lot sizing

Support and Resistance Analysis

• Identifying major market levels – support/resistance/trend channel
• Strength of major market levels
• Potential market moves when approaching these levels

Analytical Tools

• Using Japanese candlestick analysis to identify shifts in sentiment
• Identifying price patterns and using them to identify possible targets
• Introduction to Moving Averages
  • Identify underlying trends
  • Generating trading signals

Setting Targets and Applying Stop Losses

• What are we trying to achieve from the markets?
• Are our price targets realistic?
• Reasons for stop levels – ensuring trades have time to develop

Understanding Your Emotions

• Managing emotions when holding winning or losing positions
• Trading psychology
• Understanding our natural human biases