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Advance Certificate Course in Forex

Course Code Course Fees Course Duration Duration Per Session Total Sessions
IMFA-203 USD 200 10 Hours 2 Hours 5

Course Objectives

The objective of the course is to provide advanced skills related to operate in forex markets and the ways of investing in it. It will enable the student to take up investment in forex markets independently.

Unit I: Ways of Trading in Forex Market

Automated Trading; Discretionary Trading; Technical Trading; Fundamental Trading; Day Trading; Scalping; Position Trading; Range Trading; Trend Trading; Counter-trend Trading; Carry Trading; Professional Forex Traders vs Amateur Forex Traders

Unit II: Fundamental Analysis

Concept of fundamental analysis; Factors affecting demand and supply; Factors affecting commodities price; Relationship between major economic indicators; Major economies to follow; Fundamental Integration; Major Fundamental Indicators: United States (Gross Domestic Product (GDP), Consumer Price Index (CPI), Producer Price Index (PPI), Weekly Unemployment Claims, Unemployment Rate, Nonfarm Payrolls (NFP), Federal Funds Rate, Consumer Price Index (CPI), Retail Sales); International (German Industrial Production, German IFO Business Survey, German Consumer Price Index, Japan Tankan Survey, Japan Industrial Production, France Monthly Business Survey (INSEE), Eurozone/global purchasing manager index, OCED composite leading indicator (CLI), Industrial production of China, Industrial activity in other BRIC countries)

Unit III: Technical Analysis

Concept of Technical Analysis; Basis of Technical Analysis; Types of Charts (Line Chart, Bar Chart, Japanese Candlesticks); Major Candle Sticks Patterns-Doji, Gravestone Doji, Dragonfly Doji, Bullish Engulfing Pattern, Bearish Engulfing Pattern, Dark Cloud Cover, Piercing Pattern, Hammer and Hanging Man, Morning Star, Evening Star, Shooting Star; Reasons to Use Technical Indicators; Tips for Using Indicators; Technical Tools-(Simple Moving Averages, Exponential Moving Averages, Pivot Points, Relative Strength Index, Bollinger Bands, Fibonacci Retracement, Fibonacci with Trend Lines, Fibonacci with Japanese Candlesticks); Strengths and Weaknesses of Technical Analysis

Unit IV: Mistakes and Traps in Forex Trading

Over-trading, Lack of Trading Plan, Lack of Discipline Trade, Trading Real Money Before Demo Trading, Over and Under Analysis

Unit V: Risk Management

Introduction to Risk Management; Risk-Reward ratio; Position Sizing; Leverage