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BEGINNER'S COURSE - DESCRIPTION

This is a live moderated TRAINING room. It has a specific delivered curriculum but it also allows for questions and answers from those participating. However, since the classes repeat, and there is new information given in each successive class, it is advised one go through the material of the 8 classes before asking questions on material not yet brought up. The second time through all the classes would be the best time to do this. The 8 one-hour theory classes repeat twice in case one misses a class, so the theory part of the course is 16 hours in length.

Anyone who is interested in finding out about the FOREX market can and should participate in the Beginner’s Course. No prior knowledge about the FOREX is necessary. It is an ideal place to start on this topic and/or to bring your friends to who want to know what you are doing. This is the start of an adventure by providing an entrance point to a little-known-about market, especially in North America and Australia. It is our belief that the majority of FOREX traders reside in Europe and Asia; in North America less than 2% of the population knows what this market is about or how it operates.

Learning how to use and trade the FOREX market is part of a “mid-range” financial plan, opposed to a “short-range” financial plan (such as having a job where you are paid weekly/monthly), or a “long-range” financial plan where you might invest in something like property and expect to see a Return Of Interest (ROI) within a few years or longer. Learning and trading the FOREX is no “get-rich-quick scheme”. Learning the FOREX market and how to trade (in general) is a career change! You will acquire a life-time skill and this takes time and patience. It is not for everyone. It is suggested that you spend a minimum of 10 hours a week and treat this as a part-time job in order to progress effectively. Having another source of income is essential to begin with, as it is unlikely you will “make a dime” while you learn the BASICS. Trading Forex is not suitable for everyone, you may lose some or all your initial investment in a LIVE account. The BASICS is what the Beginner’s Course is designed to teach, and not intended to produce someone who makes substantial $$. Not to say that one couldn’t with the data given, but one must realize there are gradients to learning anything and one is just starting in the Beginner’s Course and it is not intended to produce a fully financially competent trader. There are higher gradients to learn after the Beginner’s Course; the idea is to get the results expected at the level you are at before moving onto the next, more complex level (Intermediate Course). Keep in mind that trading Foreign Exchange on margin carries a high level of risk, and may not be suitable for all investors, especially those of investor mentality. Traders are responsible for their actions.

Practical vs. Theory

Besides the 16 hours of theory there is a two-week PRACTICAL live trading room (one hour a day, three days a week for two weeks) for an additional 6 hours of course time. In this time the instructor will walk the student through the famous “Make/Break” trade in a live real-time market so they can see how this trade, taught in the Beginner’s Course, will respond to the live market and will have the opportunity to take the trade themselves and ask any questions to the instructor regarding this application. The 16 hours of theory plus the 6 hours of practical make the overall course length 22 hours, over 6 weeks or 3 weeks (if done on a weekend schedule).

The best way to get the most out of this Beginner’s Course is to repeat the classes until you know the material COLD and feel you could teach the class yourself. By doing this you will have very little if any trouble moving through the more complex levels on your way to becoming an informed trader.

BEGINNER'S COURSE - PURPOSE

To give those who are new to trading FOREX the basics of trading and of the FOREX market in general, in relation to other markets they could involve themselves with, so that they know what their tools are, how to use them and why they are in this market vs. another market. To give the new trader the simplest rudimentary elements of a technical trader, and how one can identify trading opportunities in the FOREX market, develop one’s eye for chart analysis and grasp the fundamental principles of how this market operates.

To provide the FIRST step on what we believe to be a workable and consistent training regime – the Forexchartscapes®™ DAY Trading Strategy, that has helped many traders besides us become competent and viable FOREX traders.

BEGINNER'S COURSE - SCHEDULE

The Beginner’s Course consists of 8 separate classes of ONE HOUR each that run Monday – Thursday Week nights, consecutively for two weeks, then REPEAT the next two weeks so one does each class TWICE in a month.

Or 2 FOUR HOUR classes, one on Saturday and one on Sunday (weekends) that repeat the next weekend the same times. In each case the Beginner’s course totals 16 hours.

TIMES:
USA – New York Time....................... AUSTRALIA – SYDNEY Time
Mon - Thurs..................................... Mon - Thurs
7:00 pm - 8:00 pm............................ 8:00 pm - 9:00 pm
or 8:15 pm - 9:15 pm EST..................or 9:15 pm - 10:15 pm EST

Or TWO CONSECUTIVE WEEKENDS - 4 hours each day on a SAT & SUN

SAT & SUN........................................SAT & SUN
USA New York Time...........................AUSTRALIA Sydney Time
11:00 am - 3:00 pm.................. ........11:00 am - 3:00 pm


SCHEDULE FOR THE FIRST WEEK:

Monday:

Introduction to the Forex market - the comparison to other markets; Inter-banking system of central banks, the only fully electronic market in the world, seven major currencies of the central banks of the seven major countries; how $4 trillion dollars a day moves around the planet; how FOREX traders basically “piggy-back” off multi-million or billion dollar moves of the major players; what the broker gets out of this and what you get out of this. Trading being an activity you need to be well fed and rested for.

Tuesday:

Trade station/platform-what is it, which one we use and why; who is the preferred brokerage house and why there is free software and demo account. How the broker and your platform/trade station is the “gatekeeper” to the FOREX market. The trade station covered along with its functionality.

Wednesday:

What are Charts – as the “data feed”, where does this information/feed come from, who is controlling and/or “filtering” it and why and how would they do that. Why we use the data feed we do – MT4 charts. How to load the charts and illustrate the functionality of candles, time frames, price, lines and indicators. What are Pips and how they pertain to movement and price. How much a currency pair tends to move in 24 hours.

Thursday:

Technical analysis with the charts opposed to Fundamental analysis (examples of each) – Support & Resistance, price as the major indicator, and the Fibonacci (including retracement and how to draw). Highs & lows, trends (how they are formed), consolidation and channels.


SCHEDULE FOR THE SECOND WEEK:

Monday:

Different types of orders on the trading platform and how to place them. Stop Loss and Take Profit functionality. Charts and what we are looking for on the 5 minute chart as a Beginner before trades are made. Setting up for a demo trade.

Tuesday:

The importance of a Trading Journal, its purpose and standard trading administration, including calculating weekly statistics and graphs for visual observation of trading progress. Setting up a demo trade.

Wednesday:

Types of accounts provided from the broker. Demo accounts available and the importance of demo trading/paper trading before attempting to go “live”. The 5-minute chart with an indicator for assistance relating to support and resistance. Setting up for a demo trade.

Thursday:

Trading Psychology. Requirements for trading. Definition of a Bad Trade, Trader Reaction, The Pitfalls. Setting up for a demo trade.


Summary of the FOREXCHARTSCAPES®™
2011 BEGINNER’S Course

The Beginner’s Course is an on-line, mentored FOREX training room that educates new people and beginner FOREX traders on what the FOREX market is, how it operates and what is required to be a “trader”, with not only the theory but with live real-time application in the FOREX market.

This includes the basic tools a trader needs; what one will have to do to master this level before going onto the next step. This is STEP ONE of a 3-step program that ensures the student receives the FOREX trading basics required to prepare them for learning the Forexchartscapes®™ DAY trading strategy, so they may become a competent FOREX trader, who is trading, is viable and who will promote the FOREX training that enabled him/her to arrive in this condition to others. As with anything new, learning the terminology and tools is essential to the subject, as well as being in a learning environment where one is able to ask questions every step of the way, ensuring understanding of what is being shown to them.

It is expected one utilizes the theory learned in classes as well as all documentation given, outside of class time, by opening up a DEMO account and performing the various suggested exercises such as the “video tour” of the trading platform, which fully grooves one into the platform basic details. These are then reviewed with the instructor in class and questions asked, as well as participate in the real-time trading room PRACTICAL, moderated by the course instructor. It is recommended to take notes in class.

Why would one want to do the Forexchartscapes®™ Beginner’s Course?

Trading the FOREX for profit can be done from any location on the planet with an Internet connection; therefore it is a truly mobile income source once you have learned it.

The FOREX market is more accessible than any other market in the world – 24hrs/5 days a week. We believe trading the FOREX market is a safer market because it is a more transparent than any other market. Getting money from your FX account takes only a fax and an electronic transfer and can usually be completed within 24 hours.
Your money can work for you at 100:1 leverage if you choose. One learns to trade the famous “Make/Break” trade over the time of the 16 classes. You acquire a lifetime skill that increases in value the more you use it.


Expected duration for training? 1 month of evenings or two weekends; 16 hours of instruction.

REGISTER below. Cost is $1000.00 USD or AUD

 

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*Disclosure:

Hypothetical performance results have many inherent limitations. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. In fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particularly trading program.

One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk. Variables such as the ability to adhere to a particular trading program in spite of trading losses as well as maintaining adequate liquidity are material points which can adversely affect actual “live” trading results.

©Forexchartscapes ® ™ 2011

 

Disclaimer :
Forexchartscapes®™ and company staff, owners, associates and all administrators of this site and/or trading, training, seminar/workshop rooms are not licensed financial advisers and are neither intending, representing or advising financial decisions for any person coming to this site or assume responsibility for inaccurate information and shall not be liable for any special, direct, incidental, or consequential damages, including and without limitation, losses, lost revenues, or lost profits that may result from these materials. The purpose of this site is to provide educational information regarding the Forex market, access to further potential education for trading the Forex market and submitted testimonials of those who have used this educational information, which an individual may apply according to his or her own free choice. Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. You are solely responsible for your actions. Contents of this site and any enclosures are copyrighted 2011 by Forexchartscapes®™, LLC