Your course : The 365 days challenge to learn Forex Trading
Forex Trading 365-Day Lesson Plan
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Month 1: Introduction to Forex Trading
- What is Forex Trading?
- History of Forex Markets
- Key Forex Terminology
- Understanding Currency Pairs
- The Role of Brokers in Forex
- Types of Forex Accounts
- Demo vs. Live Trading Accounts
- Reading Forex Charts
- Introduction to MetaTrader Platforms
- Bid, Ask, and Spread
- The Basics of Leverage and Margin
- What Moves the Forex Market?
- Major, Minor, and Exotic Pairs
- Basics of Forex Trading Strategies
- Market Hours and Best Times to Trade
- Introduction to Pips and Lots
- Risk Management Basics
- Setting Up Your Trading Environment
- Forex Trading Costs (Spreads, Swaps, Commissions)
- Understanding Liquidity in Forex
- The Importance of a Trading Plan
- Types of Market Orders
- Introduction to Technical Analysis
- Introduction to Fundamental Analysis
- The Psychology of Trading
- Introduction to Economic Indicators
- Importance of a Forex Trading Journal
- Overview of Trading Styles (Day, Swing, Scalping, etc.)
- First Month Review
- Forex Quiz: Test Your Knowledge
Month 2: Deep Dive into Market Analysis
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- Understanding Support and Resistance
- Trendlines and Channels
- Candlestick Chart Patterns
- Common Chart Patterns (Triangles, Flags, Head & Shoulders)
- Using Moving Averages
- RSI: Relative Strength Index
- MACD: Moving Average Convergence Divergence
- Stochastic Oscillator
- Bollinger Bands
- Fibonacci Retracement
- Pivot Points
- Combining Indicators
- Analyzing Volume in Forex
- Introduction to Price Action Trading
- Importance of Backtesting Strategies
- Key Economic Indicators: GDP
- Key Economic Indicators: Inflation
- Key Economic Indicators: Interest Rates
- Non-Farm Payroll (NFP) and Its Impact
- Correlation Between Currencies
- Commodity Currencies and Their Behavior
- Understanding Geopolitical Events
- Trading the News
- Analyzing Central Bank Policies
- Deep Dive: The Federal Reserve
- Deep Dive: The European Central Bank
- Deep Dive: Bank of England
- Deep Dive: Bank of Japan
- Second Month Review
- Forex Quiz: Test Your Knowledge
Month 3: Developing Trading Strategies
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- What Makes a Good Trading Strategy?
- Swing Trading: Overview and Examples
- Day Trading: Overview and Examples
- Scalping: Overview and Examples
- Position Trading: Overview and Examples
- Introduction to Algorithmic Trading
- Building a Simple Moving Average Strategy
- Using Divergence in Trading
- Breakout Trading Strategies
- Range-Bound Market Strategies
- Countertrend Strategies
- Trading with Multiple Time Frames
- How to Use Economic Calendars
- Advanced Price Action Strategies
- Managing Trades and Exit Strategies
- Trailing Stops and Their Benefits
- Hedging in Forex
- Martingale Strategy: Pros and Cons
- Grid Trading Strategies
- Risk-Reward Ratio Analysis
- Journaling and Refining Strategies
- Optimizing Trading Sessions
- Preparing for Live Trading
- Third Month Review
- Forex Quiz: Test Your Knowledge
Months 4–12: Practice and Advanced Topics
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Month 4: Live Trading Preparation 86–115. Simulated Trading on a Demo Account (Daily Focus on Different Strategies)
Month 5: Risk and Money Management 116–145. Advanced Risk Management Techniques, Position Sizing, Drawdown Analysis
Month 6: Advanced Technical Analysis 146–175. Elliott Wave Theory, Advanced Candlestick Patterns, Ichimoku Cloud, and Fractals
Month 7: Advanced Fundamental Analysis 176–205. In-depth Study of Central Banks, Currency Correlations, Market Sentiment Analysis
Month 8: Psychological Mastery 206–235. Emotions in Trading, Overcoming Fear and Greed, Building Discipline
Month 9: Strategy Optimization 236–265. Strategy Testing, Optimization, and Refinement
Month 10: Building a Trading Routine 266–295. Designing and Implementing a Personalized Trading Plan
Month 11: Live Trading and Review 296–325. Transitioning to Live Trading with Small Lot Sizes, Reviewing Trades
Month 12: Advanced Trading Mastery 326–355. Automation in Trading, Forex Taxation, and Long-Term Wealth Building
Day 356–365: Final Review 356. Consolidating Knowledge 357. Identifying Strengths and Weaknesses 358. Reviewing Past Trades 359. Preparing for Future Growth 360–365. Forex Quiz and Certification of Progress