Next Step in Forex – Module 1

Welcome to your Next Steps in Forex course by GO Markets. Develop and apply a greater understanding of technical analysis in your trading, including chart patterns, candlestick charting and Fibonacci levels. Looking for a different module? Click on one of the buttons below.

Learning dashboard Access module 2

Modules

Module 1.1: Module introduction

Module 1.2: Chart patterns

Learning Outcomes:

Understand the key principles behind using chart patterns in trading decision making
Identify common chart patterns and their potential meaning in relation to market sentiment.

Module 1.3: Candlesticks

Learning Outcomes:

Understand the key principles of using candles in trading decision making
Identify common candlestick patterns and their potential meanings in relation to market sentiment.

Module 1.4: Next Steps trend trading

Learning Outcomes:

Revise the key principles of moving averages as an indicator for trading action
Define the three major types of moving averages and choose which one you will use for your trading
Describe how you can use multiple moving averages to ensure multiple timeframe trend trading
Identify why the angle of a moving average may be important as a part of your decisions.

Module 1.5: ATR levels

Learning Outcomes:

Understand the meaning of Average True Range (ATR) and what it is telling you about price action
Describe how you can use the ATR to set initial stops, profit targets, and trailing stop levels as a part of your trading exit system.

Module 1.6: Fibonacci

Learning Outcomes:

Revise the key principles of support and resistance and why Fibonacci levels can be used as an extension of these
Understand the underlying concept of Fibonacci levels and how to apply these in Forex trading
Identify the key "rules of the game" when using Fibonacci levels as a part of your trading decisions.