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Forex Trader Part 2 - Canada
Course Description
You have now learned the basics of Foreign Currency trading. You have been taught the tools of the trade but now you want to "put it all together". Our 4 Day Forex Trader Part 2 Class is designed to give you that next step in your Forex development. In this class, which is really a "lab session," you will be taught how identify a trading model and a series of tactics that fit you.
In these sessions, we insist that you trade with live streaming data. You will download a platform, set it up and begin trading. Each segment is then completed and compared to the Online Trading Academy Model Trading Plan. We help you identify your strengths and weaknesses to see how well you can match the model.
This then leads to a real time calculation of Win/Loss ratios, Pip Profit/Loss ratios and clearly shows you how to improve so that you are now getting "strings" of winners instead of the erratic trading most begin with.
For 4 days, you will work the Forex markets with a Trading Professional who will tell you how to do it, show you how to do it and make you do it. You then critique each trade and each tactic to see what best fits your style of trading. We will cover scalping, momentum and Swing trading along with the necessary technical and fundamental analysis required.
Class Materials
Each student will receive a binder with all class slides printed in color, with room to write notes. Also included are class handouts and any additional material the instructor provides for the course, so student can easily refer to all class material after the class.
Course Curriculum
Day 1 - 4 |
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Learn Advanced Trading Techniques
Develop Personal Trading Plan
Develop Personal Trading Audit and Diary
Open demo account if not already open (attendees should open them prior to attending. Demo account can be from any firm they choose to trade as long as it provides "live" data streams)
Learn components of personal trader plan
Compare trading plan to model plan of Online Trading Academy
Trading plan model components
Develop your trading plan - step by step
Technical analysis
Review of 3 Key Trading Strategies
Fib Based Trades
Reversal Trades
Break Trades
First test drive of skills in teams by putting on trades that apply each of these trading strategies
Report group test trades and identification of weaknesses |
Remedying weaknesses in trading strategies and tactics
Focus on multiple time analysis
Multiple time analysis of the EURUSD and discover how powerful a tool it is to help you shape your trades
Strengthening group understanding of a particular trading tactic/tactics
Further develop personal trading plan
Compare personalized trading plan with model
Develop personal trading performance benchmarks
What is the Win/Loss Ratio?
What is your winning streak pattern?
What is your losing streak pattern?
What is the distribution of PIP gains versus PIP losses?
What is the length of time in the trade?
Trade the day
Wrap up and analysis of trades and model comparison |
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Testimonials
“It saved me more than I spent on the course.”
Chris T., August 2006
"You may have wind to set your sails but you need a map to plot your course...Online Trading Academy is the map to set you in the right direction."
Fabian R., June 2005
"The instructor did a really good job of making me understand the reality of Forex trading and showed great knowledge and experience in answering my questions."
Sanjeev M., September 2005
"I just want to say I really enjoyed the class and the instruction and materials were awesome. I absorbed so much information and the folks who sent me are very pleased with what I brought back to them. Excellent information that helped me tremendously. I knew bits and pieces when I came but I just couldn't put it together but after I left all the pieces fit perfectly and the puzzle is solved. You have made a monster out of me, which is a very good thing!"
P., June 2004
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