Online Forex Trading Course in Mangalore - Prasad Kadri

Online Forex Trading Course in Mangalore

Forex Trading Syllabus

TECHNICAL ANALYSIS

1. WHAT IS TECHNICAL ANALYSIS ?
2. WHY PEOPLE BELIVE IN T.A. ?
3. INTRO TO BASICS OF T.A.
4. WHAT IS A CANDLE ?
5. HOW TO READ CANDLE CHART ?
6. WHAT ARE LINE & BAR CHARTS ?
7. WHY CANDLESTICK CHART IS A PRO.
8. WHAT ARE BULLISH AND BEARISH CANDLESTICK PATTERNS ?
9. TECHNICAL INDICATORS.
10. TECHNICAL OVERLAYS.
11. HOW TO READ CAHRT ?
12. LIVE MARKET TECHNICAL ANALYSIS.
13. HOW TO GET TRADING CALLS ?

PRACTICAL

1. INTRO TO RESEARCH.
2. HOW TO GET A TRADING CALL ?
3. HOW TO CROSSCHECK A CALL ?
4. HOW TO FIND SHARES FOR INTRADAY ?
5. STEPS TO TRADE.
6. OPEN TRADING TERMINAL.
7. LOGIN TO TRADING TERMINAL.
8. TRADING TERMINAL INTRO.
9. MARKETWATCH.
10. ACCOUNT INFORMATION.
11. ORDERS.
12. HOLDINGS.
13. POSITIONS.
14. FUND TRANSFER / WITHDRAW.
15. HOW TO PLACE A BUY ORDER.
16. HOW TO PLACE A STOPLOSS ORDER.
17. HOW TO PLACE A TARGET ORDER.
18. HOW TO MODIFY ANY ORDER ?
19. HOW TO CANCLE ANY ORDER ?
20. HOW TO CHECK ORDER STATUS ?
21. HOW TO KNOW, WHY THE ORDER GOT REJECTED ?
22. HOW TO GET EXPOSURE ?
23. DIFFRENCE BETWEEN HOLDING AND POSITIONS.
24. HOW TO SHORT SELL ?
25. HOW TO COVER A SHORT POSITION ?
26. HOW TO CALCULATE A BROKRAGE & TAX ?
27. HOW TO READ CONTRACT NOTE ?
28. HOW TO READ HOLDING STATEMENT ?
29. HOW TO READ A LEDGER ?
30. HOW TO CALCULATE TAX ON RETURN ?
31. HOW NOT TO HOLD A LOSING SHARE ?
32. HOW TO TRADE INDEPENDENTLY ?

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What are the important Candlestick Patterns (https://www.teacheron.com/tutor/8Il4) that is Crucial in Forex Trading?

Candlestick patterns are crucial in forex trading as they help traders interpret market trends and make informed decisions.
Here are some of the most important candlestick patterns you should know:

Bullish Candlestick Patterns

1. Hammer: Indicates a potential reversal from a downtrend to an uptrend. It has a small body with a long lower wick.
2. Morning Star: A three-candle pattern signaling a bullish reversal. It consists of a long bearish candle, a short-bodied candle, and a long bullish candle.
3. Bullish Engulfing: Occurs when a small bearish candle is followed by a larger bullish candle that completely engulfs the previous candle’s body.
4. Piercing Line: A two-candle pattern where the second bullish candle closes above the midpoint of the first bearish candle.

Bearish Candlestick Patterns

1. Shooting Star: Indicates a potential reversal from an uptrend to a downtrend. It has a small body with a long upper wick.
2. Evening Star: A three-candle pattern signaling a bearish reversal. It consists of a long bullish candle, a short-bodied candle, and a long bearish candle.
3. Bearish Engulfing: Occurs when a small bullish candle is followed by a larger bearish candle that completely engulfs the previous candle’s body.
4. Dark Cloud Cover: A two-candle pattern where the second bearish candle closes below the midpoint of the first bullish candle.

Indecision Candlestick Patterns

1. Doji: Indicates market indecision. The open and close prices are very close, forming a small body with long wicks.
2. Spinning Top: Similar to the Doji, but with a slightly larger body. It also indicates indecision in the market.

Continuation Patterns

1. Marubozu: A strong continuation pattern with no wicks, indicating strong bullish or bearish momentum.
2. Three White Soldiers: A bullish continuation pattern consisting of three consecutive long bullish candles.
3. Three Black Crows: A bearish continuation pattern consisting of three consecutive long bearish candles.

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What are the important Trendline Patterns (https://www.teacheron.com/tutor/8Il4) that is Important in Forex Trading?

Trendline patterns are essential tools in forex trading, helping traders identify and confirm market trends. Here are some of the most important trendline patterns you should know:

Types of Trendlines

1. Uptrend Line (Ascending Trendline):
   1. Description: Drawn along the bottom of easily identifiable support areas (valleys).
   2. Indication: Suggests that prices are moving higher, with each successive low being higher than the previous one.
   3. Usage: Used to identify buying opportunities during an uptrend.

   
   
   
   

2. Downtrend Line (Descending Trendline):
   1. Description: Drawn along the top of easily identifiable resistance areas (peaks).
   2. Indication: Suggests that prices are moving lower, with each successive high being lower than the previous one.
   3. Usage: Used to identify selling opportunities during a downtrend.

   
   
   
   

3. Sideways Trend (Horizontal Trendline):
   1. Description: Drawn horizontally along the top and bottom of a price range.
   2. Indication: Indicates a market that is neither trending up nor down but moving sideways.
   3. Usage: Used to identify potential breakout points when the price moves out of the range.

   
   
   
   

Important Trendline Patterns

1. Ascending Triangle:
   1. Description: Formed by a horizontal resistance line and an ascending support line.
   2. Indication: Typically a bullish continuation pattern, suggesting that the price will break out upwards.
   3. Usage: Traders look for a breakout above the resistance line to enter long positions.

   
   
   
   

2. Descending Triangle:
   1. Description: Formed by a horizontal support line and a descending resistance line.
   2. Indication: Typically a bearish continuation pattern, suggesting that the price will break out downwards.
   3. Usage: Traders look for a breakout below the support line to enter short positions.

   
   
   
   

3. Symmetrical Triangle:
   1. Description: Formed by converging trendlines of support and resistance.
   2. Indication: Indicates a period of consolidation before a breakout in either direction.
   3. Usage: Traders wait for a breakout in either direction to determine their trading strategy.

   
   
   
   

4. Flag:
   1. Description: A small rectangle pattern that slopes against the prevailing trend.
   2. Indication: A continuation pattern that suggests a brief consolidation before the trend resumes.
   3. Usage: Traders look for a breakout in the direction of the prevailing trend to enter positions.

   
   
   
   

5. Wedge:
   1. Description: A converging pattern that slopes either upwards or downwards.
   2. Indication: Can indicate either a continuation or reversal, depending on the direction of the breakout.
   3. Usage: Traders look for a breakout to determine their trading strategy.

   
   
   
   

6. Double Top and Double Bottom:
   1. Description: Double Top is formed by two peaks at roughly the same level, while Double Bottom is formed by two troughs at roughly the same level.
   2. Indication: Double Top indicates a bearish reversal, while Double Bottom indicates a bullish reversal.
   3. Usage: Traders look for a breakout below the neckline in a Double Top and above the neckline in a Double Bottom to enter positions.

   
   
   
   

7. Head and Shoulders:
   1. Description: Consists of three peaks, with the middle peak (head) being higher than the two shoulders.
   2. Indication: Indicates a reversal pattern, with the Head and Shoulders top signaling a bearish reversal and the inverse Head and Shoulders signaling a bullish reversal.
   3. Usage: Traders look for a breakout below the neckline in a Head and Shoulders top and above the neckline in an inverse Head and Shoulders to enter positions.

   
   
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Online Forex Trading Course in Mangalore : Prasad Kadri

What is Forex Factory ?

Forex Factory is a website that provides tools and resources for traders and investors in the foreign exchange (forex) market. The site was founded in 2004 and has evolved from a forum into a comprehensive platform. Its mission is to connect traders to the markets and to each other in ways that can positively impact their trading results.

Forex Factory is focused entirely on forex trading, and therefore the primary focus of every member should be trading. The amount of trading-related sentences a member posts must far outweigh the non-trading sentences.

How to read news on forex factory?

 

1. Event Name and Description: Each event on the calendar is accompanied by a name and description, providing insights into the nature of the economic release. ...
2. Scheduled Time and Date: The calendar specifies the scheduled time and date of each event, often in GMT. ...
3. Impact Level: High Impact / Medium Impact and Low Impact

Is forex trading safe?

Forex trading can be a legitimate and profitable form of investment, but it is important to be aware of the potential for scams. By being vigilant and taking the necessary precautions, you can protect yourself from falling victim to a forex scam. Stay informed and stay safe in the world of forex trading. Before trading
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Is it hard to get rich from forex?

Yes, it is possible for a beginner to make money in the forex market with proper training and education, but it is not easy or guaranteed. Forex trading involves a lot of risk, and you need to have a solid understanding of the market, the trading platforms, the strategies, and the psychology involved.

What are the benefits of forex factory?

Forex Factory offers alerts for any of the following events:

1. News.
2. Story comments.
3. Calendar data releases and upcoming event reminders.
4. New threads and thread replies.
5. Member activity.
6. Private messages and engagements.
7. Price movements and targets.

How to read forex factory data?

Forex Factory assigns an impact rating to each event on its calendar. This rating indicates how likely the event is to affect the market. Here's a breakdown of the different impact levels: High Impact: These events are expected to have a significant impact on the market, with the potential to cause high volatility.

Which forex is best for beginners?

Beginners might find the AUD/USD pair to be an excellent choice, since it is more predictable and less likely to spike or drop suddenly. In many studies, this pair has also been cited as one of the least volatile. In conclusion, the best currency pairs to trade for beginners are EUR/USD, GBP/USD, USD/JPY.

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