FXEvolve – Forex Trading Course 101 & 201

FXEvolve – Forex Trading Course 101 & 201

Download FXEvolve – Forex Trading Course 101 & 201 on Avaicourse.com

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Description:

The course discusses, Daily Routine, Macroeconomics, Market structures and Inflection points, Order flow, Writing a Business plan, Fractals and order Blocks, Support/Resistance, Backside of fibs, Key Levels, Avg Daily Range, Range expansion, and their 1 min Scalping strategy.

Description from website

Constructing a realistic risk model is FX trading 101.  Your forex risk management system is key to your overall success.  In the video below, we break down how to determine position sizing using the key variables of risk modeling.  Obviously your winning percentage and losing percentages are pivotal to any trading system, but even systems with low winning percentages can be very profitable when you consider the size  of your average winners and losers.  Everyone loves big winners, but the frequency of these winners has to be considered.  A system that has a high winning percentage is great, but it might not be very profitable if the trade frequency is so low it’s difficult to obtain a decent return.  With multiple risk variables to consider there are many different combinations that compose any individual trading risk model.  The important thing is to be sure your risk modeling is right for you, and your trading goals.

Many  traders attempt to adjust themselves to the risk model of the system that they are trading.  This is like teaching a tiger to become a vegetarian.  Its against your nature.  The key to success in creating a forex risk management system is to reverse engineer the process.  Base your system on your risk profile not the other way around.  You might not mind a string of small losers waiting for the the home run trade, or you may hate losing so much this sounds like torture.  You would rather eat the elephant one bite at a time, consistently edging out small winners. Like any thing else that is worth doing well, Forex risk management is an on going process. We want to help you get started understanding the basics of risk management.  This will help you understand more about not only your trading, but yourself as a trader.

This was the Tentative schedule- It was a live course so there were a lot of
Changes as the course progressed.

Monday
12:00 to 1:00 Course Overview
• The Power of Principles vs. “Holy Grail Trading Systems”
• My Principles of Success that every trader must adhere to
• Explain the core ideology behind my approach to financial markets
• Course teaches at least 5 different trading strategies
• Course Concepts can be used in any financial market
1:00 to 1:45 Money Management
• Risk versus Reward – the importance of the win/loss ratio
• Understanding the distribution of trend and the odds of consecutive loss
• You can go broke by taking a profit
• Determining positive expectancy
• The power of R Multiples
2:00 to 3:00: Building A Portfolio Risk Model
• Importance of managing your account equity as a professional
• Establishing objectives
• Building a plan to meet those objectives
• Power of R Multiples and Expectancy (cont.)
• How to run portfolio analytics with the FX Evolve Trade Log Application
3:00 to 3:45 Liquidity Cycles Thru 24 Hour Trading Day
• How liquidity, volatility and order flows move through 24 hour trading day
• Break down the day hour by hour
• Understand needs of Large Volume Traders in relation to price behavior
• Discuss costs of execution in relation to liquidity and time of day
• Specific currency pair activity
• What time of day to look for breakouts, reversals, etc
3:45 to 4:00 Lunch Break
4:00 to 4:45 Low Liquidity Fade Technique
• Required structural conditions for setup to occur
• Order flow mechanics of the technique
• Specific requirements of Pre-NY setups in general
4:45 to 5:30 Identifying Wave Patterns
• How the markets work in cycles, even intraday
• Understanding the larger waves – Crests, Troughs and Wave Lengths
• Understanding the inner waves – Whitecaps
5:30 to 6:30 The Power of Mindset

Tuesday
12:00 to 12:30 Writing A Full Business Plan For Your Trading Business
• Why writing out this plan is so powerful
• Discuss the business plan template
12:30 to 1:00 Developing Daily Routine
• A rigid structure is an essential component of dealing with chaos (price is chaotic)
• Establishing Pre-Market, Trading, and Post-Market Routines
• How to use the FX Evolve Trade Log Application to conduct performance review
1:00 to 2:00 Intro to Macroeconomic Analysis
• Importance of placing price in Macroeconomic Context
• How to identify macroeconomic sentiment
• Understanding the Most Important Economic Indicators
• Interest Rates
• Inflation
• Central Bank Operations
2:15 – 3:15 Introduction to Order Flow
• What is order flow?
• Buy stop, sell stop, limit buy, limit sell
• Where orders are placed and motivations of large order traders
• Touted order flows across news wire
3:30 to 4:30 Fractals & Historical MRZ’s
• Fractals Defined
• Price is an atom, fractal is the nucleus
• 5 Minute Chart
• 1 Minute Chart
• Higher Timeframes
4:30 to 5:30 Identifying Market Conditions
• Characteristics of Ranging Market
• Price Consolidation versus Ranging Activity
• Characteristics of Trending Market
• Playing Retracements
5:30 to 6:00 Ranging Structure
• How markets range, even intraday
• Understanding pivotal rotations off the range
6:00 to 6:30 Inflection Points
• Understanding wave cycles
• Recognizing ranging structures
• Determining high probability turning points in the market

1. Forex Trading – Foreign Exchange Course

Want to learn about Forex?

Foreign exchange, or forex, is the conversion of one country’s currency into another.
In a free economy, a country’s currency is valued according to the laws of supply and demand.
In other words, a currency’s value can be pegged to another country’s currency, such as the U.S. dollar, or even to a basket of currencies.
A country’s currency value may also be set by the country’s government.
However, most countries float their currencies freely against those of other countries, which keeps them in constant fluctuation.

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