Learning outcomes:

• Understand the purpose of the course
• Identify how you can get the most out of this course
• Recognise how the course fits in with the whole "First Steps" package so that you can take advantage of the available support.

Learning outcomes:

• Understand the nature of the Forex market and the terms used to describe it
• Identify the major reasons why people choose to trade Forex
• Become aware of the key risks that you must learn to manage
• Recognise the similarities and differences between Forex and other trading vehicles
• Identify YOUR aims as a Forex trader.

Learning outcomes:

• Understand how specific currencies are abbreviated
• Understand the currency pairs and the "Majors"
• Identify key market times that are most likely to influence currencies.

Learning outcomes:

• Understand the difference between 'Long' and 'Short' trading in Forex markets
• Identify the principles of how to profit and manage risk from either approach
• Recognise why people may buy and sell a position.

Learning outcomes:

• Understand price quotes and the importance of pips
• Define Forex 'spreads' and their impact on your trading
• Describe the meaning of a 'lot' and how lots influence position size.

Learning outcomes:

• Understand the underlying principles of what moves the value of currencies
• Define the key factors that influence this and how it impacts sentiment and ultimately price
• Identify how this may influence your trading decisions.

Learning outcomes:

• Understand the key factors and process involved for taking a trade from entry to exit.

Learning outcomes:

• The ability to enter a trade on your trading platform
• The ability to exit a trade on your trading platform.

Learning outcomes:

• Identify the two key risks that Forex traders can be subjected to and MUST address when trading
• Appreciate the concept of the old market cliché, "Keep your losses small and let your profits run".

Learning outcomes:

• Understand how leverage and margin work with Forex trading
• Recognise the risks associated with leverage and margin, and understand the actions you can take to manage these.

Learning outcomes:

• Review the key issues covered in Module 1
• Outline the purpose and content of this module.

Learning outcomes:

• Describe the types of charts that you can use to view the market in action
• Identify the potential use, advantages and disadvantages of line charts, bar charts, and candlestick charts
• Become confident in changing chart types on your trading platform.

Learning Outcomes:

• Identify the meaning of 'trend' and what this may mean in the context of market sentiment
• Describe how using trends may impact both entry and exit.

Learning Outcomes:

• Identify support and resistance lines, and what they mean in the context of market sentiment
• Describe how these may be used in your trading decision making for both entry and exit.

Learning Outcomes:

• Identify what moving averages are and what they mean in the context of market sentiment
• Understand how you can get the most out of this course
• Describe how these may be used in your trading decision making for both entry and exit.

Learning Outcomes

• Identify what changes in trading volume may mean in the context of market sentiment
• Describe how volume may be used in your trading decision making for both entry and exit.

Learning Outcomes:

• Identify the common time frames traders use and the context in which they should be viewed.

Learning Outcomes:

• Define position sizing and recognise its role in risk management
• Describe the factors you should consider when choosing the right position sizing strategy for you
• Understand the concept of 'slippage' in Forex trading.

Learning Outcomes:

• Review the importance of considering economic news releases in your trading
• Identify sources of reliable and timely economic news event releases
• Identify the impact of economic news on entry and on open positions, and the actions you should consider.

Learning Outcomes:

• Gain an understanding of how the knowledge we've covered so far can be used to develop an entry system
• Get clarity on the purpose of an entry system
• Be aware that EXIT systems, which we cover later in the course, ARE EQUALLY IMPORTANT.

Learning Outcomes:

• Review the key issues covered in Module 2
• Outline the purpose and content of this module

Learning Outcomes:

• Define the meaning of the term 'stop loss'
• Identify factors used to decide how to set up a stop loss
• Implement a stop level to determine proper positioning size.

Learning Outcomes:

• Define the meaning of the term 'profit target'
• Identify factors used to decide how to set up a profit target
• Circumstances of when to review a profit target.

Learning Outcomes:

• Define the meaning of the term 'trailing stop loss'
• Identify factors used to decide how to set a trailing stop
• Circumstances to review a trailing stop.

Learning Outcomes:

• Developing an 'exit system'
• Understanding the purpose of an exit system
• Being aware that an exit system should be a part of your overall trading plan.

Learning Outcomes:

• Seven common potential dangers of trading for new and inexperienced traders
• How to avoid these common trader traps.

Learning Outcomes:

• The importance of trading responsibility
• Causes of responsibility 'dilution'
• 8 ways to take responsibility back.