Business Basics Forex: Learn and Master Trading (English)Course Description:This course is designed to provide beginners with a solid foundation in the fundamentals of forex trading. Participants will learn about the various aspects of the foreign exchange market, including how it operates, the major players involved, and the factors that influence currency prices. Through a combination of theoretical knowledge and practical exercises, students will gain the necessary skills to analyze market trends, make informed trading decisions, and manage risk effectively. By the end of this course, participants will be equipped with the essential tools and strategies to start their journey in forex trading.
Course Duration:- Total hours: 30 hours
- Weekly sessions: 3 hours per session
- Duration: 10 weeks
Course Outline:1. Introduction to Forex Trading- Understanding the forex market
- Major currency pairs and their characteristics
- Market participants and their roles
- Different types of forex traders
2. Basic Concepts and Terminologies- Exchange rates and currency pairs
- Bid and ask prices
- Pips and pipettes
- Leverage and margin
- Long and short positions
- Stop-loss and take-profit orders
3. Fundamental Analysis- Economic indicators and their impact on currency prices
- Interest rates and central bank policies
- News events and market reactions
- Reading and interpreting economic calendars
- Using fundamental analysis in trading decisions
4. Technical Analysis- Price charts and patterns
- Support and resistance levels
- Trend lines and channels
- Moving averages and oscillators
- Japanese candlestick patterns
- Identifying entry and exit points
5. Risk Management- Understanding risk and reward
- Setting risk tolerance levels
- Position sizing and lot sizes
- Stop-loss and take-profit levels
- Using risk management tools
- Developing a trading plan
6. Trading Strategies- Scalping, day trading, swing trading, and position trading
- Breakout and trend-following strategies
- Range-bound and mean reversion strategies
- Carry trading and hedging
- Developing a personalized trading strategy
- Backtesting and analyzing trading results
7. Trading Psychology- Emotions and their impact on trading decisions
- Overcoming fear and greed
- Maintaining discipline and patience
- Developing a positive mindset
- Dealing with losses and setbacks
- Building confidence and resilience
8. Demo Trading and Practice- Opening a demo trading account
- Executing trades in a simulated environment
- Practicing different trading strategies
- Analyzing trade results and making improvements
9. Live Trading and Risk Management- Opening a live trading account
- Implementing risk management techniques
- Executing trades in real-time
- Monitoring and adjusting trades
- Evaluating performance and making adjustments
10. Continuous Education and Resources- Keeping up with market trends and news
- Participating in webinars and workshops
- Joining online trading communities
- Utilizing educational resources and tools
- Developing a lifelong learning mindset
Assessment and Certification:- Regular quizzes and assignments throughout the course
- Final examination covering all course topics
- Certificate of completion awarded upon successfully passing the final examination
Note: This syllabus is subject to change based on the instructor's discretion and the learning needs of the participants.
This course is helpful for the following exams: Business Basics