POWERFX COURSE CONTENT
This course will teach you the three main areas which are indispensable to forex trading success: Method, Money and Mind.
A. Introduction
1. How You Can Profit From The Forex Market
B. Tools to Identify High-Probability Trade Setups
The section seeks to teach you how to apply and decipher certain technical indicators to identify trending and ranging phases, spot predictable chart patters, and use certain rules to enter and exit a high-probability trade. There are hundreds and even perhaps thousands of technical indicators out there, with new ones being created every hour. Which are you going to use? While there is no Holy Grail mix of technical indicators that is “the best”, I will show you which ones you can effectively apply in Forex. There are a total of 16 lessons in this section.
C. What Moves Currencies?
This section discusses the relevance of certain fundamental factors that impact the different currencies. Currency prices are primarily driven by fundamental shifts. When fundamental data is disseminated to the public, there is a reaction from investors and speculators, and that reaction drives the price movements. Since currencies are traded in pairs, you have to compare the fundamental outlook for one currency against that of another currency. This section will teach you which economic indicators are the most important to the various currencies, and reveal what are the fundamental factors you should look out. Market sentiment is, after all, influenced by fundamentals. There are 7 lessons here.
D. Bridging Technical and Fundamental Analysis
It is best to use a combination of both technical and fundamental analysis to give you an edge over traders who use either technical analysis or fundamental analysis exclusively. Many Forex courses do not show you examples of how you can make the best of both worlds in order to maximise the probability of your trades, and hence, the conception of the “Bridging Technical and Fundamental Analysis” section of the course. Real-life chart examples are given of my own proven strategies of how to combine fundamentals with technicals for maximal probability of success.
25. Example 1: EUR/USD And FOMC Decision
26. Example 2: EUR/USD And NFP
27. Example 3: USD/JPY And Chinese Yuan Revaluation
28. Example 4: CAD/JPY And Oil Prices
E. PowerFX Trading Toolbox
Here I will teach you how you can create your very own trading plan, since having a trading plan customized to your own personality and style is essential to achieving long-term success in the Forex market. The reason why it is so difficult to replicate the results of a successful Forex trader if you were to use his or her trading system is due to the fact that differences exist in personalities and trading preferences. I will also show you one of my preferred trading checklists, which I use for my own trading. Besides having a plan to succeed, you also need to know how to put together a trading journal. I will guide you along which components you should include in your journal, and what it can consist of, so that you can make full use of the journal to improve your own trading performance.
29. Create Your Own Power Trading Plan
30. Create Your Quintessential Trading Journal
F. PowerFX Money Management
Why is it that many profitable positions turn into losses, and winning strategies result in losses instead of profits? When you have honed your trading strategy, the factor that will affect your overall profitability is your money management skills. In this section, we take a look at how we can minimize our risks in the Forex market. Some effective money management techniques will be shared to enable you to structure your own money management preferences. There are 3 lessons here.
G. PowerFX Trading Psychology
This section tackles the human factor in the performance equation of Forex trading. No matter how smart you may be about timing, market direction or economics, your trading psychology could turn against you, and can cause you to suffer huge losses. A winning trading system will not work unless the trader knows his own strengths and weaknesses. “Mind over Market” will show how you, as a trader, can look into yourself, and exercise control over your emotions so that you can minimize the influence of your own emotions on your trading decisions.
34. Mind Over Market Part 1
35. Mind Over Market Part 2
H. Smart Tips And Tricks That Can Save You Big Money
36. More PowerFX Trading Tips
37. Common Mistakes Many Traders Make, And How To Avoid Them
I. More High-Probability Trade Setups (New section)
Profitable trading does not have to be complicated. Here I will teach you how you can implement certain strategies immediately, with a high chance of profitability. There are 5 lessons here.