POTENTIAL BENEFITS
• No overnight gaps because the Forex market trades 24 hours per day, 5 ½ days per week
• Extended hours trading offered in the Forex market provides individuals with challenging time commitments a viable option to trade
• Swiss Academy's unique Core Strategy helps traders learn to identify where there could be a higher probability that banks and institutions are buying and selling in the Forex markets. With Forex trading dominated by the world's largest banks, knowing where they are buying, and selling is KEY information for the individual trader
• Can trade the currency pairs both long and short
• Large trading volume markets with available liquidity
• Forex provides great leverage—up to 1000:1. But it is very crucial to note that while leverage offers greater reward, it also means greater risk, so being educated and having a proper risk management plan is key
• Reduced effort in selecting markets as there are only 15-20 major Forex currency pairs that Swiss Academy students essentially learn to trade
• Forex also provides the potential to generate trading opportunities in both up and down trends because it offers the capability of both buying long or selling short
COURSE OBJECTIVE
To learn the basics of Foreign Exchange trading and its unique leveraging power while incorporating a step-by-step trading/investment rule-based strategy based upon Swiss Academy’s proprietary Core Strategy.
DELIVERY
• On Location in a traditional instructor-led, in-person classroom
• All the courses combine lessons with interactive scenarios, labs, and exercises with access to live financial markets
AUDIENCE
This course is designed for students interested in learning how to trade and invest in the Foreign Exchange markets.
PRE-REQUISITE
Core Strategy, Online Student Orientation, Option pre-essential videos are recommended pre-requisites for this course. No trading experience is required.
Curriculum
• Forex Terminology and Market Structure – Become proficient in using unique Forex-related terms and learn how the Forex Markets are structured
• Currency Pairs – Two currencies linked together in what is known as a currency pair is the cornerstone of Forex Trading. Students can gain a solid understanding of Base Currency, Quote Currency, the “Majors” and Cross Pairs and their notable characteristics
• Core Strategy Review and Application – This course is built on the foundation of Trading Academy’s Core Strategy. In this course students will specifically focus on applying the Core Strategy in the Forex markets
• Trading Purposes – Explore the different trading styles including daily, weekly and monthly timeframes
• Preparing to Trade – Learn consistent routine designed to assist students in becoming patient, focused and disciplined traders
• Order Types – Review the primary order types (Market, Limit, Stop Market, Stop Limit and Bracket orders) and learn what these order types are used for and the advantages and disadvantages of each
• Multiple Time Frame Analysis – Multiple Time Frame analysis is key to identifying the appropriate trading opportunities and utilizes three specific chart timeframes with purpose and focus
• News and Reports – Awareness of news and economic reports is critical to the prepared Forex trader and helps them focus on the most important Forex reports to be prepared for identifying quality trading opportunities
• Risk Management – Develop a proper risk management plan that considers three controllable risk factors
• Forex Correlations – Global correlations with commodities such as Oil and Gold play a large role in the flow of global capital and international trade. This portion of the course will look at these important correlations and provide trading action steps based on what to look for
• Forex Relative Strength – The concept of “Cross Pairs” measures the strength of an individual currency which helps in identifying which are the quality Forex pairs to trade
• Trading Academy Scoring Methodology – Learn Trading Academy’s proprietary scoring system for objectively measuring the quality of trading opportunities
• Trade Management – Learn how to apply Dynamic Trade Management techniques such as scaling in and out of trades as well as various exit techniques
• Forex Time Zones – Learn the ebb and flow of various time zones and discover how to identify trading opportunities that reoccur on a regular basis
• Momentum Breakouts – Learn Momentum trading which allows for participation in a strong market move after it is underway (breakout)
• Secondary Support Tools – Learn how to apply technical indicators and oscillators as a secondary support tool for confirmation in identifying trade opportunities
• Trade Plan Development – Trade plan development is a process of taking trading concepts as well as personal goals to create a specific action plan that fosters focus and accountability
• Live Market Trading and Analysis – Experience another interactive trading session which includes identifying trading opportunities and executing trades in several Forex markets
• Broker Accounts and Regulation – Learn key aspects to help identify reliable and competent broker organizations using objective measurement criteria
• Forex Futures and Spot Forex – Learn the advantages and disadvantages between Forex Futures and Spot Forex