0 Forex Training Syllabus

Basic Level

1.    Forex Definition
2.    Explain traded
3.    How Do You Trade Forex?
4.    When Can You Trade Forex? 
5.   When not to Trade?
6.    Types of Charts.
•    Line Chart
•    Bar Chart
•    Candlestick Chart (Briefly Description on Candlestick Chart)
7.    Japanese Candlesticks
8.    Three Types of Analysis

Intermediate Level 

1.    How to use the Trading platform ?
2.    Support and Resistance Levels
3.    Leading vs. Lagging Indicators
4.    How can you draw trend line?

Advanced  Level

I.    How to Trade Chart Patterns ?

II.    Important Chart Patterns :

•    Double Top and Double Bottom
•    Head and Shoulders
•    Inverse Head and Shoulders
•    Rising and Falling Wedges
•    Bullish and Bearish Rectangles
•    Bearish and Bullish Pennants
•    Triangles
1.Symmetrical Triangle,
2.Ascending Triangles,
3. Descending Triangles.

III    Important indicators :

•    Stochastic
•    Moving average
1. Simple  Moving  average.
2. Exponential moving average.
3. Dynamic Support and Resistance
•    MACD
•    RSI
•    Pivot Points
•    Parabolic SAR

Secrets Level :
•    Top Usage Mistakes
•    Focus on the Process
•    Own Trading Plan
•    Design Your Trading System in Six Steps
•    Build Your Trading System in Six Steps
•    Be Patient. Stay Disciplined = Success

0 How do you draw trend line

Trend lines are drawn on charts to help predict the general direction of price. They also help you to see reversals. On the chart below the green line is a trend line.

Trend lines also help to determine good entry and exit points, and help you decide where to put your stops. Wow! They should be called magic lines, right? Well, not really. They are quite good but, like any form of analysis, if used alone they won’t make you pips. However, they make a great addition to your trading arsenal.
The main problem with trend lines is placing them on your chart. It can be a little intimidating to start with but it is quite easy to get the hang of it. In this section, you will learn how to place trend lines on your chart, and use them to make pips!

Placing Trend Lines:   

 

There are two main types of trend lines: bullish trend line and bearish trend lines. A bullish trend line has a positive slope and is formed by connecting two or more low points. The second swing low must be higher than the first swing low. Check out the example.

A bearish trend line is formed by connecting two or more high points. The second swing high must be lower than the first swing high.

1. Identify two swing low/high points, 
2. Draw a line joining them.

There you have it! Now your chart has trend lines! But wait one minute. Even though you can place a trend line based on two swing low/high points the trend line remain unconfirmed, until it is hit a third time

Once a trend line is placed and it has had a third bounce it becomes active. Now the price should find support or resistance at the trend line. It should have trouble breaking the line. If the price does break the line it usually means the trend is over.

Trend lines can be placed on any time frame but they’re more effective on longer time frames. Also, the longer a trend line is active the stronger it gets.

0 Leading vs. Lagging Indicators

In this lesson, we're going to streamline your use of these chart indicators. 

We want you to fully understand the strengths and weaknesses of each tool, so you'll be able to determine which ones work for you and which ones don't. 

Let's discuss some concepts first. There are two types of indicators: Leading and Lagging.

A Leading indicator gives a signal before the new trend or reversal occurs.

A Lagging indicator gives a signal after the trend has started and basically informs you "Hey buddy, pay attention, the trend has started and you're missing the boat."

Leading Indicators:

You're probably thinking, "Ooooh, I'm going to get rich with leading indicators!" since you would be able to profit from a new trend right at the start.  You're right. 

You would "catch" the entire trend every single time, IF the leading indicator was correct every single time. But it won't be.  When you use leading indicators, you will experience a lot of fakeouts. Leading indicators are notorious for giving bogus signals which could "mislead" you. 

Lagging Indicators:

he other option is to use lagging indicators, which aren't as prone to bogus signals. 

Lagging indicators only give signals after the price change is clearly forming a trend. The downside is that you'd be a little late in entering a position. 

Often the biggest gains of a trend occur in the first few bars, so by using a lagging indicator you could potentially miss out on much of the profit. 

It's kinda like wearing bell-bottoms in the 1980s and thinking you're so cool and hip with fashion....

For the purpose of this lesson, let's broadly categorize all of our technical indicators into one of two categories:

1. Leading indicators or oscillators

2. Lagging, trend-following, or momentum indicators

While the two can be supportive of each other, they're more likely to conflict with each other. We're not saying that one or the other should be used exclusively, but you must understand the potential pitfalls of each.