Next Steps in Forex

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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