Learn How to Be a Profitable Forex Trader
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- Curriculum
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In this course you will learn everything you need to know to Start Trading the Forex Market right now!
This is not just a theoretical course, there is LIVE Trading Included (where we show you how to use the information learned to Trade Live in Real Time).
You will be learning from Professor Lonnie Boswell (Beach Trader), who is the Founder of Beach Trader Systems.
So whether you want to generate some side income by trading the FOREX Market or if you want to make trading your only source of income (like our Traders), then this course is for you.
In This course we will cover beginner and Intermediary level information to get you on the right path to becoming a successful and a consistently profitable Trader. On top of all the material we will be giving you our personal tricks, techniques and views on the Forex market that have tremendously fast-tracked our success.
By the end of this course you will understand the FOREX Market. You will know all Turbo FOREX terminology like: Call, Put, Candles, Compound Gains, Support, Resistance, Uptrend, Downtrend, Consolidation, 1-3 Minute Trades, Rollover, Double Up, and Much More!
You will be able to select which broker is best for you and will be able to open a trading account to start trading. You will also get familiar with the most popular Turbo FOREX Trading platforms.
You will know how to analyze the Currency you are trading by learning Technical Analysis and Fundamental Analysis. You will learn how to use the Economic Calendar to avoid or play fundamental events that can impact wildly Currency prices.
You will also become an expert in Chart reading! This means you will know how to spot the best Chart Patterns and Candlestick Patterns as well as use the best Technical Indicators in order to Call and Put at optimal locations. We also cover Risk Management and Compound Gains techniques so you will be able to know exactly how much you want to make each trade and Long & Short Term Market Goals.
You will also be receiving a GoogleSheets to calculate your position sizing and keep track of your historical performance called the Millionaire Marathon! Going further than other trading courses we even cover Trading Psychology (Emotional vs. Logical). Something that we have noticed has a huge impact on trading performance!
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Most Accurate Forex Trading IndicatorsComputers and information technology allow traders to predict price trends without much effort. Technical indicators do all the work for traders, freeing them from the need to perform difficult mathematical and statistical calculations.
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Reading Assignment about the Top 5 Trading Indicators -
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Using the Currency Strength Meter While Trading
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MidtermMidterm Quiz: Before moving forward in this class make sure you can complete this Quiz at over 75%.
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How to Use Forex Factory the #1 News for Financial Forex Markets
After completing this section students will be about to read and learn from the daily financial forex news on ForexFactory.com.
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Forex Factory: Daily Forex News
This quiz will test your basic knowledge of the important part of Forex Factory Daily News.
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How to Create Highly Profitable Trading Plan
Learn why a trading plan is vital to your trading success. Learn the basics of
Outline your motivation Why
Trading Mindset
Trading Strategy
Decide how much time you can commit to trading
Define your Goals
Risk Management
Understanding Yourself
Compound Growth vs. Simple Growth
Assessing your Market Knowledge
Start a Trading Diary
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How to create a highly successful trade plan
Based on the Lecture profitable plan
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Understanding the Importance of Support & Resistance
The concepts of trading level support and resistance are undoubtedly two of the most highly discussed attributes of technical analysis. As part of analyzing chart patterns, these terms are used by traders to refer to price levels on charts that tend to act as barriers, preventing the price of an asset from getting pushed in a certain direction. Support occurs where a downtrend is expected to pause due to a concentration of demand. Resistance occurs where an uptrend is expected to pause temporarily, due to a concentration of supply. 1. Support 4. Trade the “Bounce” 2. Resistance 5. Trade the “Break” 3. Plotting 6. Pivot Points 7. Trendlines
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Support and Resistance Quiz
Test yourself to see if you understand the basic concepts of support and resistance
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Emotional vs. Logic Trading
Positive Emotions - Include pleasant or desirable situational responses, ranging from interest and contentment to love and joy, but are distinct from pleasurable sensation and undifferentiated positive affect. These emotions are markers of people’s overall well-being or happiness, but they also enhance future growth and success. Make you dislike yourself and others, and reduce your confidence and self-esteem, and general life satisfaction.
Hope - A feeling of expectation and desire for a certain thing to happen. A person or thing that may help or save someone.
Love - A great interest and pleasure in something. Like or enjoy very much.
Negative emotions can be described as any feeling which causes you to be miserable and sad. These emotions make you dislike yourself and others and reduce your confidence and self-esteem, and general life satisfaction.
Greed - Intense and selfish desire for something, especially wealth, power, or food.
Fear - A feeling of anxiety concerning the outcome of something or the safety and well-being of someone. The likelihood of something unwelcome happening.
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Emotional vs. Logic Quiz
Understand key terms of Emotional vs. Logic trading
