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Forex Trader Part 2 - Singapore
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". The Online Trading Academy 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.
Course Times
Time Zone |
Weekend |
Weekday |
Singapore |
9 am - 5 pm (Sat & Sun)
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7 pm - 12 am (Mon & Tues)
2 pm - 11 pm (Wednesday)
2
pm - 11 pm (Thursday)
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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
“I believe one of the main reasons I have gained confidence in the forex market and my ability to trade successfully was dependent on the clear and very informative instructor. Self taught courses on this subject do not touch the practical and hands on training benefits received.”
Michael B., January 2007
"I never thought of gaining this much confidince by taking this course, although i have beeing reading about FOREX for a while.. Highly recommended for biginners and smart traders."
Abdulkarim A. January 2007
"Forex coarse given by Ed Ponsi was fantastic, clear, informative and educational."
Tawfik K., June 2007
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