Finance & Accounting > Investing & Trading
9.5 h
£19.99 £12.99
Master Forex Trading with Fundamental Analysis: A Comprehensive Guide
What you will learn:
- Learn about the complexities of the Forex Market.
- Master Comprehensive Fundamental Analysis for informed trading decisions.
- Gain an understanding of Fundamental Correlations.
- Learn how to strategically combine Fundamental Analysis with Technical Analysis for maximum results.
- Discover the vital role of a Forex Broker and choose the right one for your trading needs.
- Gain proficiency in Technical Analysis for accurate market predictions.
Description
Dive deep into the world of Forex trading with our comprehensive course designed to equip you with the knowledge and skills to master fundamental analysis. From understanding the basics of the Forex market to analyzing economic indicators and predicting market movements, you'll gain a thorough understanding of this dynamic financial landscape.
Led by expert Forex trader, Ransom Enupe, this course caters to both beginners and intermediate traders, offering a step-by-step approach to mastering fundamental analysis. You'll learn how to interpret economic data, identify key indicators, and incorporate fundamental analysis into your trading strategies for increased profitability.
Gain access to a wealth of knowledge, including:
· The fundamentals of Forex trading, currency pairs, and market players
· Technical analysis techniques, including candlestick patterns and Fibonacci
· In-depth coverage of fundamental analysis, central banks, and economic indicators
· Strategies for analyzing economic data and predicting price movements
· Real-world examples and practical exercises to solidify your understanding
This course includes:
· Lifetime access to all course materials
· Regular updates with the latest market insights
· A dedicated Q&A section for support and guidance
· 30-day money-back guarantee for peace of mind
· A professional certificate from Udemy upon completion
Join our community of successful traders and transform your Forex trading journey. Enroll now and unlock the potential for consistent profitability!
Curriculum
Introduction
This introductory section sets the stage for your Forex trading journey. You'll start with a comprehensive overview of the course and its objectives. Then, delve into the fascinating history of money, tracing its evolution from barter systems to the modern financial landscape. This historical context will provide you with a deeper understanding of the foundations of the Forex market.
The Forex Market Basics
This section lays the groundwork for understanding the Forex market. You'll learn the definition of Forex and explore the various types of traders who participate in this market. Discover the intricate world of currency pairs, their categories, and how they drive Forex trading. The session schedule, a crucial factor in Forex trading, is discussed in detail, along with the key players influencing market dynamics.
Forex Market Terminologies
Equip yourself with the essential language of Forex trading. You'll learn key concepts like spot price, bid and ask prices, spreads, and how they affect your trading decisions. Understand the concept of lots and how they determine your trade size. Learn about pips, their value, and how to calculate your potential profits. Explore leverage, a powerful tool in Forex trading, and grasp the significance of stop-loss and take-profit orders in managing risk and securing profits. This section also covers different types of orders and their execution mechanisms, giving you a comprehensive understanding of Forex trading orders.
Brokers
Navigating the world of Forex brokers is crucial. This section provides you with a clear understanding of what a broker does and how they facilitate Forex trading. You'll learn about the different types of brokers, including book and B-book brokers, and explore their advantages and disadvantages. This section also includes recommendations for reliable and reputable Forex brokers. You'll understand the different types of trading accounts offered by brokers and choose the best one for your needs.
Charting Programs
This section dives into the world of charting programs, essential tools for technical analysis in Forex trading. You'll learn about different charting programs, including their features and functionalities. Dive deep into the popular MT4 platform, understanding its interface, tools, and features. Explore Trading View, another widely used charting platform, and understand its advantages and how it can enhance your analysis.
Technical Analysis - Charting, Candles, Trend Law
This section introduces the fundamentals of technical analysis. You'll learn about candlestick charts, their construction, and how to interpret them. Understand the Trend Law, a fundamental concept in technical analysis, and discover the importance of support and resistance levels. Explore the concept of supply and demand zones and how they influence price movements. The section concludes with a discussion of volume and its role in technical analysis.
Technical Analysis - Candlestick Patterns
Master the art of reading candlestick patterns, powerful tools for identifying potential trading opportunities. This section covers various candlestick patterns, including engulfing patterns, inside bar (Harami) patterns, spinning top patterns, tweezer tops and bottoms patterns, Doji patterns, three white soldiers and three black crows patterns, morning and evening star patterns, hammer and inverted hammer patterns, and hanging man and shooting star patterns. You'll learn to identify these patterns, understand their significance, and apply them to your trading strategies.
Fibonacci
Unlock the power of the Fibonacci sequence, a mathematical tool widely used in technical analysis. Learn about the various Fibonacci retracement levels and how they can be used to predict price reversals and identify potential support and resistance levels. Explore the practical applications of Fibonacci in Forex trading and understand how to incorporate it into your analysis.
Introduction to Fundamental Analysis
This section introduces the fundamental principles of fundamental analysis. You'll learn how economic factors influence currency values and Forex market movements. Understand the key terminologies used in fundamental analysis, laying the foundation for your exploration of this powerful trading tool.
Central Banks
Explore the world of central banks, the institutions that play a critical role in influencing global economies and currency values. Discover who the central banks are and how they operate. This section also covers the major central banks in the world and their impact on Forex markets. Learn about the tools and strategies used by central banks to achieve economic stability and how their decisions affect currency values and Forex trading.
Fundamental Data Sources and Analysis of Data
This section provides you with the knowledge and resources to access and analyze fundamental data. You'll learn how to utilize Forex Factory, a valuable platform for accessing real-time economic data. Discover how economic fundamentals translate into tangible effects on Forex charts, enabling you to connect economic events to price movements.
Major Economic Indicators
Gain a comprehensive understanding of major economic indicators and their impact on Forex markets. You'll explore a wide range of indicators, including interest rates, inflation, retail sales, purchasing managers' index (PMI), producer price index (PPI), consumer price index (CPI), non-farm payrolls (NFP), unemployment rate, gross domestic product (GDP), balance of trade, treasury international capital survey (TICS), Phil Fed index, Federal Open Market Committee (FOMC) meeting, speeches made by important individuals, and the most volatile economic indicators. Learn how to analyze these indicators and how they influence currency valuations and Forex trading opportunities.
Fundamental Correlation
This section explores the concept of fundamental correlation, a key aspect of fundamental analysis. You'll learn how different economic indicators influence each other and how these interrelationships impact Forex markets. Discover the ultimate economic correlation and analyze the correlation among various economic indicators. This knowledge allows you to identify potential market trends and make informed trading decisions.
Analyzing Fundamentals and Trading Strategies
This section provides real-world examples and practical applications of fundamental analysis. You'll learn how to analyze economic data and predict price movements based on fundamental indicators. Explore real-life examples using indicators like NFP and GDP, demonstrating how to interpret economic data and its impact on Forex markets. Discover effective trading strategies that integrate fundamental analysis, equipping you with a powerful toolkit for making profitable trading decisions.
Conclusion and What's Next
This concluding section summarizes the key takeaways of the course and provides insights for your future Forex trading journey. You'll gain valuable knowledge and practical skills to confidently navigate the Forex market and achieve success in your trading endeavors.