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
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.
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.
COURSE - SCHEDULE
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
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
USA New York Time...........................AUSTRALIA Sydney
11:00 am - 3:00 pm.................. ........11:00 am - 3:00 pm
SCHEDULE FOR THE FIRST WEEK:
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
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.
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.
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:
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.
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.
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.
Trading Psychology. Requirements for trading. Definition of
a Bad Trade, Trader Reaction, The Pitfalls. Setting up for a
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.
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
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.
below. Cost is $1000.00 USD or AUD