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Foreign Currency Trading (Forex) Workshop - An Introduction
John's reputation has been earned over many years. He speaks in a plain,
easy to understand manner and has a great deal of experience in the
day-to-day use the internet and the advanced trading software. As this is
so crucial to the home trader, John only teaches in 'Live Trading'
conditions, he will not teach currency courses during non-trading
conditions such as weekends.
State-of-the-Art technology is a key feature. All technical trading
software and programmes are provided at no additional cost to students.
There are no hidden extras. All participants are provided with all notes,
books and software to easily install on their own computers after the
workshop.
At 'LearnTrading' we strive to constantly to improve the quality of our
workshops. Your feedback helps us monitor quality and make adjustments as
required. We realise just how precious your time is. Therefore, our
training courses are designed so that you glean the maximum know-how with
minimum time investment. Many individuals who have never known how or what
to trade are now turning to the Forex markets.
Ten years ago, the closest that most private individuals came to trading
foreign exchange was a visit to the Bureau de Change at the airport before
flying off for their holidays. Now, however, the invitation is open for
every active trader, investor and private investor to participate in this
exciting market. Foreign
exchange trading has arrived, and the doors are wide-open to the largest
financial market in the world. Now for the first time, the opportunity to
learn how to trade the Forex is coming at a competitive LOW price
Why Forex?
It is a fact that you can start to trade Forex with as little as a few
hundred Euros by opening a Forex Trading account. Furthermore, the
currency (or forex) market is opened 24 hours a day, so a trader can day
trade or short-term trade with an active financial controls, all the time.
All this is relatively new. In the not too distant past, only banks and
wealthy individuals and institutions could trade currencies, but now,
thanks to the internet, every small investor could participate in currency
trading (or forex trading). Some of the major advantages of currency
trading over stock trading are:
Forex Trading - 24 hours a day - Currency trading goes on from
Sunday evening to Friday afternoon, so for 5 days of the week you could
trade currencies all day long! The currency market does not close every
day like the stock market. This basically allows the Forex trader to
choose the hours that he is going to day trade (morning, afternoon, night
times...anytime!).
Greater Leverage - Home Forex traders can open accounts with little
money but because of leverage, which is greater than for stocks the trader
can This basically means that they could day trade $100,000 worth of
currencies with only a small bank. Short-term stock traders (those who
hold stocks overnight) only have 2 to 1 margin. As a currency trader
(whether day trading or short-term trading), margins can be up 400 to 1. A
big difference! However, traders should note that the high degree of
leverage can work both for or against you. Increasing leverage increases
both potential gains or losses.
Easier to Follow - There are only a handful of major currencies to
trade. However, there are tens of thousands of stocks out there. How do
you choose which stock you are going to trade? You may find it easier to
follow a few currencies.
More Liquidity - When we are trading any market has to have enough
volume to make it worth our while. Greater volume means that there are
more people willing to buy and sell something at any given time. The
currency market is more liquid than all the world stock markets put
together. Currencies are always in action.
Free Trading Software - A top of the line stock day trading
software package costs a considerable amount of money per month. The
software we use is totally free and there is no expensive data feed. This
lowers the day trader's costs. Great software is one of keys to learning
to trade.
Better for Shorting - There are artificial controls built in to the
market to prevent it from going down too fast. The reason is that we live
in a biased world that likes to see things go up instead of down. One of
these artificial contraptions is the "uptick rule," which comes into play
when shorting stocks, making it more difficult to sell a stock short than
to buy it. This is unheard of in the currency market. Selling currencies
short while trading is just as easy as buying them.
Great for Short-Term Traders - For those that like to hold stocks
for a few days when trading, currency trading is perfect. Since the
currency market is opened 24 hours a day for 5 days a week, a currency
trader that wants to hold a currency position from one day to the other
(or for a few days), can do it with a stop loss and limit orders in place.
Totally Risk Free Learning - LearnTrading is aware that Forex
trading is not for everyone. However you can learn without risking one
single Euro and you also get lifetime support and mentoring from the UK's
no 1 Forex Teacher.
John Bartlett - Learn Trading Owner and Trading Instructor
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Forex Workshop Contents
Depending on the requirements of the students these sessions and
timings are subject to change. A brief outline of the subjects which will
be covered are:
Section 1
 The $1.9
Trillion a day Forex Market
Introduction to
currency pairs
Major currencies
Comparison between
Forex, Equities and Futures
Liquidity
24 hour market
Cost comparisons
Leverage
Basic Principles of
Currency Trading
Prediction vs.
Betting
The Buy and Sell
Movement
The "Spread" and it
effects
Sizes of trades -
pip calculation
Gearing & effects
400:1
Margins and
overnight interest
Practical Advantages
Overview of
technical analysis
The Trading Platform
How and where to
download the demo platform
Help & Support on
the trading platform
Risks involved with
Forex Trading
Section 2
Introduction to
fundamental analysis
Where to get live
news feed
The effects of world
events
Timescales
Introduction to
technical analysis
Timeframes & scales
Understanding what
charts mean
Candlestick bar &
line charts
Understanding charts
Trends
Support & resistance
Trend reversals
Breakouts
Moving averages
Studies and
indicators
Short/Medium/Long
term trades
Bollinger bands
Parabolic stop &
reversal
Relative strength
index
Directional movement
index
MACD - Histogram
Chart patterns that
consistently make money
13 specific chart
patterns that work
Section 3
Placing trades -
alternative ways
Placing stops and
their importance
Placing limits
Moving both stops
and limits
Changing chart
parameters and colours
Practical
applications in Real Time
Setting up charts to
track choices 9 charts 18 charts etc.
Setting up for quick
logon and overview
Trailing stops to
secure profits
Increasing positions
Setting alerts
Leaving Buy/Sell
orders
Checking accounts
Hedging positions
Placing an end of
day trade
Section 4
Placing New
trade (Traps and setups)
Inbuilt trading
systems
The advantage of
trading systems
Changing trading
system parameters
How to set them up
Bringing it all
together
Deciding which type
of trader you are
A look at different
trading strategies (what the experts do)
The Tornado Trading
System (setups and trading it)
Preparation Trading
Plan
20 points or 200 ??
Protecting your
position
Locking in profits
Using alerts wisely
Recording your
trades in your journal
Showing you entry
and exit strategies
Section 5
Money Management
(The Holy Grail)
The importance of
financial control
Trading sensibly
within your means
The financial
mistakes of most losers
Gamblers logic and
rules
Psychology of
trading
Trading what you see
and not what you feel
Self discipline and
creating working habits
General section on
mental problems and how to overcome them
Websites
The best websites to
visit and use for Forex
What You Get
This Forex Workshop Includes:
The Full day workshop
Lunch and refreshments (cost day delegate rate £50)
Free software and data feed
Full workshop on CD (value £275)
Trading platform manual on CD
Free trading diary on disc
Unlimited ongoing support online
The Tornado Trend Trading System (value £125.00)
Additional “Goodies” CD with extensive Notes, e-books, pdf files
Free Traders Magazine
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Testimonials
“Although I am an experienced trader, from a
newcomers viewpoint, 95% of the content will be easily assimilated and
well received, Certainly worth the price and will actually save the
purchaser more money and time than attempting to learn solo.”
"Not over hyped, good impact, good visual / Audio – Very professional
intro. Good Sound Advice, good emphasis on Protection, an important and
often underrated part of the trading process." - M.P East Anglia April 04
“The pace of the learning is fine and overall presentation, excellent for
the cost, with good easy to follow instruction. The trading setup and
charts are organised in an easy to follow beginner friendly manner. I find
it difficult to fault any aspect as it so well organised in its
presentation on learning for the student’s basics on trading”. Darren
Birmingham (experienced trader)
"I think there is a place for this type of product – a step by step walk
through for all aspects of FX trading, and your course achieves this very
well. I spent 3 months researching to find this info – so you will save
someone that much time so the cost seems cheap. I’m 36 a lawyer by trade
and new to trading." – D.J. April 04
"The presentation and layout was very good – clear and easy to understand.
The content covers everything a beginner would need to know before
trading." – I.P April 04
"Prior to attending the course I knew nothing about trading. I know feel
equipped to pursue this as a possible business venture. The course was
clear and concise. There was ample information provided to enable a first
timer like myself to get off the ground without feeling confused”.
With testimonials like those above you can be confident in learning Forex
with Learn Trading. |