Element Trading Forex Course
If you brought together some of the top FOREX traders from around the world and asked them what every new trader needed to know before they placed their first trade in the currency markets, it would be a demanding list of requirements. Element Trading has listened and has incorporated these essential concepts in its six day FOREX class. Within this course is an in-depth discussion of the supply and demand fundamentals that drive the currency trends for weeks, if not months. However, recognizing a trend is one thing, being able to properly prepare a successful trading plan to capture those potential profits in another. Let’s face it. The main interest of the active FOREX trader is to make money trading and this course teaches over a dozen separate styles of trading, so that the student can achieve his financial goals.
Why is this important? Because we all recognize that everyone is different. Everyone has their own style of trading. While that may be true, before a new trader can adapt to “his style”, he needs to be exposed to many ways to trade and engage the market. How can the new trader pick a style of trading, if he has never been exposed to it? The teaching professionals at Element Trading understand this and this is why our FOREX course spends an enormous amount of time discussing: support and resistance; moving averages; break-out strategies; swing trading; Fibonacci; trading range expansion and contraction; correction versus change in trend; average true range measurements; and many other strategies. Our instructors do not force the student to trade a single time frame or a single approach. There are many ways to trade the currency markets successfully and this in-depth course will give every student a chance to find the style of trading that fits their individual personality.
Finally, even the best of strategies can fail, if it is not supported by a strong foundation of solid professional money management principles. You will find this course will offer the most in-depth discussion of money management available in the industry.
When you combine the content of the course with the experience our instructors, who themselves are professional traders, you have a six day course that quickly will become the standard within the industry and the right choice for the new student who wants to take the first step in learning the essential skills necessary to trade the FOREX currencies.
A more detailed look and overview of the subjects discussed in the 6 Day FOREX Course offered by Element Trading:
1. Fundamental Review of individual country financial conditions: A thorough discussion of interest rates, employment, population
demographics, trade imbalance, GDP and other economics relevant to the major currency pairs involving the United States, Japan, Britain, Australia, Canada, New Zealand, Switzerland, and others.
2. FOREX Terminology: Whether a trader is totally new to FOREX trading or an experienced trader in currencies, this course sets the proper foundation so that every student is comfortable and confident throughout the course.
3. Examining the Trading Process and establishing a proper trade plan: This course teaches the new trader how to properly analyze a potential trade and place the trade in a proper framework of risk and reward.
4. FOREX versus other investment alternatives: Many of our students come from a background of trading other financial instruments. This course discusses the differences in trading FOREX currencies from the trading of stocks, stock indexes, currency futures, or other
physical commodities.
5. Analysis of the longer term trends: While most active traders are focused upon short-term intraday charts, it is essential to properly determine the trends of the daily and weekly time series. This course teaches the student an easy and effective way to determine the trends of the major currency pairs and more importantly – recognize the difference between price corrections from a change in trend. This powerful information can not only be used to trade the FOREX currencies. In fact, seventy percent of the trading concepts taught in this course can be used in the analysis and trading in any asset class.
6. Setting up your trading platform: The pilot has the cockpit dials and gauges to fly the plane and the trader has his monitor with the order entry, position monitors, and charts to glide through the trading day. This course discusses the necessary elements to a good trading platform, regardless of the broker selected by the trader.
7. Currency Correlations: Price movement among the different currency pairs is not only determined by the price movement among themselves, but equity prices, bond futures, precious metal prices, energy, and certain other important financial data. This course discusses what you need to know and what to watch as the student monitors his trades.
8. Common Technical Analysis Essentials: Every FOREX trader has a thorough knowledge of certain foundations of technical analysis -
1. Support and Resistance and how to trade them
2. Moving Averages
3. Fibonacci Retracements and projections
4. Popular Candlestick and other classical chart patterns
5. Stochastic indicator
6. Relative Strength Indicator
7. MACD
8. Average True Range
9. Trend lines
10. Overbought and oversold levels
11. Momentum and the principle of divergence
12. Time charts versus tick bars
13. Other discussions upon student requests
9. Technical Analysis – New Concepts: Technical research continues and this course discusses
new ways to trade and analyze the trends of the FOREX currency pairs –
1. Measuring price reversals in terms of ATR
2. Is a price reversal a correction or a change in trend?
3. Risk to Reward and percent of winning trades – a whole new discussion
4. Placing the trade in the context of the longer-term trend
5. Understanding price behavior from the early stages of a new trend, the well-developed trend, to the trends final end.
6. Swing Trading daily and weekly charts with the precision supported by back-testing analysis.
10. Money Management: This is not just the common discussion of cutting your losses and letting your profits ride. This course has one of the most thorough discussions of money management from the professional point of view.
11. Psychology of Trading: This course is taught by professional traders with decades of trading experience. They share the mistakes they have made in the past so that the student, hopefully, will not make the same mistakes in the future.
12. Turning Professional: Once the student “gets it” and begins to develop a solid trading record, they may be interested in taking the next step and trading for other institutions or proprietary firms. This course briefly discusses this process and what are the essentials the student must have to catch the eye of the major trading houses.
13. Student trading and discussion: Much of our time is looking at the price action in real time and discussing potential trades and where to buy and where to sell with precision. The class is an open dialogue with active student participation.
THIS COURSE IS VERY INTENSE AND A FIRE HOSE OF INFORMATION IN A SHORT PERIOD OF TIME!
The instructors for the FOREX course recognize that the information in this course is very in-depth and some of the material and concepts
may be new to our students. This is why Element Trading has established an extensive support mechanism for our students. Students are allowed entry into a special PRIVATE section of our website designed especially for the student of our FOREX class. In this section, the student will have access to our FAQ section and view answers to specific questions that the student may have after the class. Students can e-mail a question to the instructors and, as quickly as possible, the answer to the question is posted on the website. When combined with the other support features Element Trading has established for our community of traders, the students will gain the confidence they need to successfully trade in the foreign exchange currency markets.
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