• Trader X introduction.
  1. • The Trader X introduction will set your expectations for the next 8 weeks of your life. You are going back to school! However, these lessons are unlike anything you have learned before. If you take this course seriously, you may have the ability to leave the 80% of Forex traders who lose their money in 90 days!
• Risk Disclaimer
  1. • Trading in the Foreign exchange market is classed as high risk. You should not trade with money you are not willing to lose. This course is not a buy or sell advisory program, this course is designed to better your understanding of the Forex market so you have the ability to make educated decisions about specific trades.
• Beginner Tips for Forex Trading
  1. • The Forex Kings trading team has years of experience in the market. Unfortunately, when we first started trading, we did not have mentors! This results in numerous rookie mistakes. These tips will help you avoid the losses we incurred earlier in our careers.
• Foreign Exchange Terminology
  1. • The terminology you need to know! Bulls, bears, doves and hawks….. Whilst you are learning a new skill, you need to be able to speak the lingo!
• Mind set of a PRO trader
  1. • Forex trading is very much like play sport. Confidence grows with experience and wins. However, be careful… complacency can result in cut corners and big losses. Mindset training is designed to help you stay focused and make correct decisions.
• PIPS, Leverage & Margin
  1. • You most probably already understand these concepts. However, we need to drill down in more detail. Do not SKIP!
• Calculating the cost of a position.
  1. • Before you jump into a trade, we need to check the total cost of the trade, length of time we are looking to hold the position and profitability. Not all trades are worthwhile!
• How the BROKER and Major Financial Institutions win!
  1. • The broker is the “house” and the financial institutions are the soldiers. We are going to teach you exactly how they win so you have a better understanding of the market.
• How you WIN
  1. • We are gong to give you tips on how to increase your success in the market and avoid doing exactly what the broker and financial institutions want you to do.
• Module 1 – RECAP WEBINAR

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• Identifying Key Candlesticks
  1. • Candlesticks show us analysts the battle between the bulls and the bears. The candlesticks leave indications into future price movement. We are going to show you how to interpret over 10 different candlesticks, including; pinbar, hammer, spinning top and doji candles. Being able to identify the patterns will increase your chance of success
• Identifying Key Candlestick Patterns
  1. • A series of candlesticks in a row can indicate whether the momentum is with the bulls or the bears. They can also indicate potential reversal opportunities.
• Importance of different time frames
  1. • Depending on your trading style you will need to be able to interpret candles on all time frames. We will show you how to do a top down analysis from the monthly candles through to the 4 hourly, using the information in the two topics above.
• Identifying key levels on a chart
  1. • Support and resistance, How to use Fibonacci levels effectively and channel formations. Fibonacci levels are found across all walks of life, in nature, science, maths and more. These key levels are also used in trading Forex.
• Indicators that the PROS use
  1. • Keep your charts clean and tidy. We see so many novice traders using every single indicator available. This will result in conflicting analysis. We will show you the KEY indicators to use whilst trading, and how to use them effectively.
• Module 2 Recap Webinar – Chart like a pro in action!

• Identifying KEY Chart Patterns
  1. • This topic is going to take your trading up to the next level! In this topic we are going to show you how to identify over 10 key chart patterns including; wedge formations, harmonic patterns, Elliott wave theory and divergence trading. To be able to interpret these formations you need to be able to use FIB levels.
• Identifying key areas for a take profit
  1. • So many novice traders fall into a trap of overshooting their targets. We are going to show you how to target key levels with a higher probability of success. One key tip is do not be greedy!
• Identifying Key areas for stop losses
  1. • Do not get trapped in the mindset of having a large risk v reward! The forex market wants you to LOSE! You need to be unpredictable with your positioning as the major players can see the full order book. We are going to show you how to avoid the constant pain of hitting your SL
• Identifying PANIC zones
  1. • Have you heard of a panic zone? These are zones where retail traders all get caught out in the market. We are going to teach you how to avoid jumping into a position during a panic zone. Financial institutions benefit from these areas and from retail trader losses!
• Identifying FAKE OUTS
  1. • Fake break outs are a killer! FOMO plays a large part in the psychology behind this. Retail traders a drawn into fake breakouts and often get caught on the wrong side of the trade. Remember, for every buy position there is a sell position. If there is a lack of liquidity the market may create a fake move in one direction to draw in the opposition.
• Module 3 Recap Webinar – Technical analysis in action!

• Risk Management
  1. • The number 1 key to success… always live to trade another day. How many traders do you hear of who have made 1 million dollars over night? NONE. If you have they are 1 in a million. We are not hear to get rich over night, we are here to develop over the longer duration, hopefully making a small % gain every day. This module will help you develop a risk management strategy that will keep you in the game!
• Risk V Reward ratios
  1. • You have learned about identifying key levels for take profits and stop losses, we now need to teach you about risk v reward ratios. How to put you in a position where you can lose 3 trades and win 2 but still come out on top. This module will help you develop a better understanding of entry point.
• Trading Strategies V drawdown
  1. • The market is constantly evolving and changing direction. You need to have a number of tools in your tool box. This means you will need an understanding of all different types of trading, from swing trading, long term holds, short term positioning, hedge trading and more. Before placing a trade we need to ensure you are comfortable with the estimated drawdown in the stop loss.
• Market TRAPS
  1. • Bull traps, bear traps… This module is designed to show you how to identify potential traps in the market. Financial institutions will place traps across the market to draw in retail traders.
• Example of a live trade
  1. • This module will show you how to pick the perfect trade. This is a trade we have previously done, recording a top down analysis of the fundamentals and technicals. This is the process we go through on a daily basis. Take Notes!
• Track You Trades
  1. • Download your very own trade tracker from this module. The trade tracker comes with instructions. This will help you analyze your performance across different currency pairs and CFDs. Find your top performing instrument and avoid the currency pair that consistently results in losses.
• Module 4 Recap Webinar – LIVE TRADING SESSION

• The importance of different time zones
  1. • Asian session, EU session and the US session. Different instruments will have an increased volatility at specific times. This means some strategies work best at certain stages throughout the day. You need to have an understanding of how news events will impact currencies during different time zones.
• Fundamental Analysis
  1. • Interest rates, retail sales, GDP, inflation and unemployment, these key fundamental drivers all impact the market to a degree. They also play a part in central bank policy. Being able to track these data points, and understand what they mean will no doubt improve your trading. This module will teach you where to find the data, and how to interpret the data into your trading. How to digest the economic calendar.
• Global NEWS
  1. • US China trade war, Corona-virus, Riots, BREXIT, US Elections and Trumps twitter account are all news event which we can not predict! However, if you understand how to interpret the news, it will give you a clear indication into whether the market is risk on, or risk off! This will help you decide on trade set ups that you can see on the charts.
• Market Sentiment
  1. • Global news plays into market sentiment. Risk on V Risk off is a key driver into certain currencies. How do you decide if the market is risk on? This module will teach you what indicators you need to be watching on a daily basis.
• Commercial V Non commercial traders
  1. • Institutions V retail traders. We are going to give you access to websites that are not so easily found. This will show you exactly how many long positions and short positions have been placed in the market across institutions and retail traders. Why is this important? It is always a benefit if you know what the big guys are doing!
• Currency correlation
  1. • Currencies move in correlated and inversely correlated pairs. Oil, gold, copper, iron ore all have an impact on certain currencies. Risk on V risk off related pairs. This module will teach you how to complete a full analysis of a currency looking at all secondary drivers.
• Website CHEAT LIST
  1. • Not sure what websites you should have open? This is a full cheat list of all the websites we use on a daily basis. These help us make educated decisions on potential trade set ups, increasing our chance of success. We are giving this to you!
• TRADE CHECK LIST
  1. • If the trade doesn’t fit the list, don’t place the trade! Simple
• Module 5 recap webinar – Using fundamentals in your trading

1. This is the week for homework.
2. You will be given a personal email with our head analyst. This is the chance to show us what you have learned over the past 6-9 weeks!
3. Get your charts marked and returned.
4. We want you to give us a full fundamental break down with sound technical analysis. Your charts will be sent back to you with feedback on the position.
5. Focus down on a strategy that suits your style

DONE