Advance Certificate Course in Forex

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.

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

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Units

Unit I: Ways of Trading in Forex Market (2 Hours)

Automated Trading; Discretionary Trading; Technical Trading; Fundamental Trading; Day Trading; Scalping; Position Trading; Range Trading; Trend Trading; Counter-trend Trading; Carry Trading; Mapping Method; Personal Goals; Understanding of Amateur Forex Traders vs Professional Forex Traders

Unit II: Fundamental Analysis (2 Hours)

Concept of Fundamental Analysis; Factors Affecting Currency Price; Relationship between Major Economic Indicators; Major Economies to Follow; Major Fundamental Indicators; Monetary Indicators; Economic Indicators; Approaches to Fundamental Analysis

Unit III: Technical Analysis (2 Hours)

Concept of Technical Analysis; Basis of Technical Analysis; Support & Resistance; Types of Charts (Line Chart, Bar Chart, Japanese Candlesticks); Major Candlesticks 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; Technical Analysis Indicators; 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, MACD); Importance of Technical Analysis; Strengths and Weaknesses of Technical Analysis

Unit IV: Mistakes and Traps in Forex Trading (2 Hours)

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

Unit V: Risk and Trade Management (2 Hours)

Forex Fund/Portfolio Management; Money Management and Risk Aversion Tools; Correlations and Risk; Portfolio Management; Trade Checklist; Trading Plan; Breakout; Gap Strategies; Wolfe Waves: Modern Approach; Different Types of Trading Strategies; Harmonic Trading; Chart Patterns; Technical Indicators Combination; Gold and Currency Relationship; Disciplined Trading

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BASIC

Basic Certificate Course in Forex