To provide the knowledge required to take you from the level of a beginner trader to the level of understanding aspects of technical analysis, trading system development and review.
The module aims to enable you to develop a greater understanding of technical analysis including specific units related to chart patterns, candlestick charting, advanced moving averages, Fibonacci levels and using the Average True Range (ATR) to set risk management and trailing stops.
Ongoing successful trading is based on having the right systems in place to guide your trading activity. Such systems enable you to develop consistency in your trading decision-making and actions and the ability to measure the level of success of what you are doing e.g. through journaling. We also include sessions on accumulating into a profitable forex position and crucially begin to explore discipline in trading.
As well as advanced MetaTrader pending order types, this module explores the trading opportunities available on your platform to trade the world’s major indices (including US, UK and European and others) AND the major commodities – Gold, Silver and Oil using the leverage offered by CFDs (Contracts for Difference).