Next Step in Forex – Module 2

This module explores the systems you can use which, when developed, can guide your trading activity, facilitate consistency when in the market, and measure your “Trading Business’s” continued development. We also examine crucial systems such as your trading plan, position sizing and journalling, we explore “supplemental systems” that will assist you in your trading development. This will allow you to base your trading on solid measurable systems. Looking for a different module? Click on one of the buttons below.

Learning dashboard Access module 3

Modules

Module 2.1: Module introduction

Learning Outcomes:

Understand the purpose of this module.

Module 2.2: Developing your trading plan

Learning Outcomes:

Identify the key components of a trading plan and why having one is a critical part of your trading
Using the example provided (download before watching) to create (or revise) your trading plan.

Module 2.3: Advanced position sizing

Learning Outcomes:

Recognise the essential function of correct position sizing in your trading risk management
Identify your individual tolerable risk level for any single trade.

Module 2.4: Your trading journal - the key to trading growth

Learning Outcomes:

Recognise the vital role that a journal can play in your trading development and your trading system
Identify the different levels of measuring your trading performance, and the minimal components of a meaningful journal
Describe and apply effective review systems of journal information in formal trading system review.

Module 2.5: Trading as a business

Learning Outcomes:

Recognise the purpose and contribution that additional systems may offer your trading
Identify, plan, and create the systems outlined in this unit.

Module 2.6: Accumulating into an open FX position

Learning Outcomes:

Recognise the potential of, and key practice points relating to accumulating into an open position
Know the key principles and system points of accumulating to apply as part of your trading plan.

Module 2.7: Mastering trading discipline

Learning Outcomes:

Identify the three key areas of trading discipline that you must address
Recognise the potential impact of ill-disciplined trading in your ongoing trading results
Develop awareness of and prioritise key areas in yor discipline checklist.