Next Step in Forex – Module 3

This final module focuses on two key topics: firstly, we will examine the concept and application of advanced entry orders, allowing you to place trades that the platform can action automatically if certain criteria are met. The remainder of the module invests time into exploring the exciting trading opportunities provided by CFDs (Contracts for Difference).

These financial instruments, which you can trade on your platform, will allow you to trade Gold, Silver, Oil, and some of the major global indices, e.g. S&P500, ASX200, and FTSE100. You can use many of the processes that you already use in a Forex context. We’ll guide you step-by-step through how CFDs work and explain in detail how you could add these to your trading activity.

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Learning dashboard Access module 2

Modules

Module 3.1: Module introduction

Learning Outcomes:

Understand the purpose of this module.

Module 3.2: Advanced entry orders

Learning Outcomes:

Identify the advanced entry order types that you can potentially use on your MT4 platform
Know the trading ideas behind each order type and the associated risks.

Module 3.3: An introduction to CFDs

Learning Outcomes:

Define CFDs and the trading opportunities they can create
Understand the similarities and differences in knowledge and action between trading CFDs and Forex on your MT4 platform
Find CFDs on your MT4 platform.

Module 3.4: Your trading journal - the key to trading growth

Learning Outcomes:

Identify the commodity CFDs you can trade on the GO Markets MT4 platform
Identify the margin, pricing structure, base currency, and contract sizing of each CFD type.

Module 3.5: Trading Index CFDs

Learning Outcomes:

Locate the index CFDs you can trade on your MT4/MT5 platform and then add them to your "Market Watch" box
Identify the margin, pricing structure, base currency and contract sizing of each CFD type
Understand what may move the value of indices and articulate the impact of these within your trading system.