Day One Seminar Schedule

1. Why Trade the Foreign Exchange Markets?

• Introduction and back ground of Andy Shearman.
• Interbank Market vs the Retail.
• Comparison of FX markets with Stock/Options/Futures markets.
• How technology drove the development of the interbank market.
• How to become an FX trader.

2. Trading Foreign Exchange

• Forex Terminology.
• ISO coding.
• What is currency pairing.
• The definition of a pip/point.
• Reading a currency price.
• Size of positions.

3. Trading Equipment and Basic Setup to Start Trading the Forex Market

• Computer setup.
• Finding the right broker.
• Economic calendar.

4. Margin Broking Systems

• Leverage and Margin.
• Buying and selling (Going long or short).
• Understanding Entry and Exit orders.
• Limit orders.
• Stop Loss orders.
• OCO orders.
• Following your position and margin.
• Risk management.
• Deciding position size.
• Trailing stop loss.
• Requestable rate vs non-requestable rates.
• Paying the spread on currency pairs.

5. What causes the Forex market to move and why?

• Market participants.
• Fundamentals.
• Economic activity.
• Political factors.
• Interest differentials.
• Statements and opinions by worthy individuals such as Ben Bernanke.
• Economic indicators.
• Large order flows in the professional market.
• Market speculation.
• Stock market activity etc...

6. The Basics of Technical Analysis.

• What is Technical Analysis?
• Why do traders use Technicals?
• Learning to read price charts.
• Bar charts.
• Line charts.
• Candlestick charts.
• Reasons to use technical analysis.
• The technical trader vs fundamental trader.
• Developing a trading strategy.

7. Identifying Trends

• What is a market trend?
• Drawing trend lines.
• Channel lines.
• Support and Resistance Levels.
• Retracements with Fibonacci.
• Buying and selling indicators.
• The ‘ebb and flow’ of the market.
• How to predict areas where the market will bounce.

LUNCH

8. Introduction to Fx Money Map Product

• Introduction to the FXMM.
• Break down of the Fibonacci Grid.
• Description of Grids.

9. Learn the Different Grid Set-ups

• Participants go over 5 different Grid trading examples.
• You make the calls from pre-recorded setups.

10. Questions and Answers