Agape Beginner's Forex Trading Course

An overview of the course structure, tools, resources, and expectations to get you started on your trading journey.

Objective: To provide students with a foundational understanding of the global forex (foreign exchange) market, its structure, and how it operates.

Learning Outcomes:

• Students will understand what the forex market is and its global significance.
• Students will grasp how and why currencies are traded. 
• Students will comprehend the unique operational hours of the forex market. 

Objective: To teach students about the structure of currency pairs and the different types of pairs available for trading.

Learning Outcomes:

• Students will learn to identify and understand currency pairs.
• Students will differentiate between major, minor, and exotic pairs.
• Students will be able to interpret the value of a currency pair based on the base and quote currencies.

Objective: To introduce students to the various participants in the forex market and their roles.

Learning Outcomes:

• Students will identify key players in the forex market and their motivations.
• Students will understand the different roles of institutional and retail participants.
• Students will grasp the influence that central banks and governments have on currency markets.

Objective: Explain core forex trading units and concepts, such as pip values, lot sizes, and leverage, to establish a basis for calculating profits, losses, and managing risk.

Learning Outcomes:

• Students will learn to calculate pip movements and understand their monetary value.
• Students will distinguish between different lot sizes and identify the pip value for each.
• Students will understand leverage, including its benefits and associated risks.

Objective: Introduce students to how forex prices are quoted and the concept of the bid-ask spread to understand trade costs and entry dynamics.

Learning Outcomes:

• Students will understand how forex prices are quoted with bid and ask prices.
• Students will calculate the spread and understand impact on trade entry.
• Students will differentiate between tight and wide spreads and their relation to market conditions

Objective: Educate students on the importance of margin, how it is used in forex trading, and what triggers a margin call to safeguard trading capital.

Learning Outcomes:

• Students will understand what margin is and how it is used in forex trading.
• Students will learn what triggers a margin call and ways to avoid one.
• Students will comprehend the relationship between margin, free margin, and equity.

Objective: To introduce students to market orders, the most straightforward type of trade execution.

Learning Outcomes:

• Students will understand what a market order is and when to use it.
• Students will recognize the importance of immediate execution in certain trading scenarios

Objective: To explain limit orders and their strategic uses in trading.

Learning Outcomes:

• Students will learn the definitions and distinctions between buy and sell limit orders.
• Students will understand the scenarios in which to use limit orders effectively.

Objective: To introduce buy stop orders and discuss their application in trading strategies, particularly in momentum and breakout trades.

Learning Outcomes:

• Students will understand what a buy stop order is and when to use it effectively.
• Students will learn how buy stop orders can be part of breakout trading strategies.

Objective: To introduce sell stop orders and explain their relevance in short-selling and breakout strategies.

Learning Outcomes:

• Students will understand what a sell stop order is and when it’s used in trading.
• Students will learn to apply sell stop orders as part of their trading strategies for bearish market moves.

Objective: To teach students the importance of stop-loss (SL) in managing risk and protecting capital.

Learning Outcomes:

• Students will understand the purpose and function of stop-loss in trading.
• Students will learn how to set effective stop-loss levels aligned with their risk tolerance.

Objective: To explain take-profit (TP) and their role in locking in profits.

Learning Outcomes:

• Students will learn what a take-profit is and how it functions.

• Students will understand the significance of setting take-profit levels in trading strategies.

Objective: To introduce students to the fundamental tools for visualizing price data and choosing the right timeframe for their analysis.

Learning Outcomes:

• Students will learn the differences between line, bar, and candlestick charts.
• Students will understand how to interpret each chart type and how these apply to various trading strategies.

Objective: To guide students in selecting appropriate timeframes based on their trading strategy, as each timeframe has different implications for trade duration and risk management.

Learning Outcomes:

• Students will understand how timeframes impact the analysis and interpretation of price movements.
• Students will learn to choose the appropriate timeframe to match their trading objectives and strategies.

Objective: To introduce students to support and resistance concepts and their influence on price action.

Learning Outcomes:

• Students will learn how to identify key support and resistance levels.
• Students will understand how these levels impact market behaviour and trading decisions.

Objective: To teach students to draw trend lines and channels, helping to recognise trend directions and potential entry/exit points.

Learning Outcomes:

• Students will learn how to draw and interpret trend lines and channels.
• Students will understand how these tools help identify trends and potential reversal points.

Objective: To introduce the concept of moving averages and their use in identifying trends and smoothing out price data.

Learning Outcomes:

• Students will understand the difference between Simple Moving Averages (SMAs) and Exponential Moving Averages (EMAs).
• Students will learn to use moving averages to detect trend direction and possible entry/exit signals.

Objective: To introduce students to basic technical indicators like RSI, MACD, and Bollinger Bands, providing additional insights into market conditions and price trends.

Learning Outcomes:

• Students will learn how to interpret RSI, MACD, and Bollinger Bands to assess market trends and conditions.
• Students will understand how to combine indicators with other technical tools for more informed trading.

Objective: To introduce students to the key economic indicators that impact currency prices and to teach them how to interpret their influence on the Forex market.

Learning Outcomes:

• Students will be able to identify and define key economic indicators.
• Students will understand how these indicators influence currency prices and inform trading decisions.

Objective: To explain the role of central banks in the Forex market and how their policies impact currency movements.

Learning Outcomes:

• Students will understand the role of central banks and how they influence the Forex market.
• Students will learn how changes in interest rates and monetary policy affect currency prices and create trading opportunities.

Objective: To teach students about the influence of geopolitical events and economic news releases on the Forex market and how to stay informed about important developments.

Learning Outcomes:

• Students will learn how geopolitical events and economic news releases impact currency markets.
• Students will understand how to utilize a Forex calendar to track key events and incorporate them into their trading strategies.

Objective: To emphasize the significance of risk management in trading and its impact on long-term success.

Learning Outcomes:

• Students will understand the critical role of risk management in preserving their trading capital and ensuring consistent performance over time.
• Students will learn that protecting their accounts from significant losses is more crucial than pursuing high returns.

Objective: To teach students how to calculate the appropriate position size for each trade based on their account size and risk tolerance.

Learning Outcomes:

• Students will learn how to calculate position sizes to ensure that they never risk more than a predetermined percentage of their account on any single trade.
• Students will understand the importance of maintaining consistent position sizes aligned with their risk tolerance and trading strategy

Objective: To explain the concept of the risk/reward ratio and how to use it to enhance profitability.

Learning Outcomes:

• Students will learn how to calculate the risk/reward ratio for each trade and utilize it in their decision-making process.
• Students will understand how to select trades with favourable risk/reward ratios to maximize potential profitability.

Objective: To teach students how to set appropriate stop-loss and take-profit levels to effectively manage risk and secure profits.

Learning Outcomes:

• Students will learn to set and adjust stop-loss and take-profit levels in accordance with their trading plans.
• Students will understand the importance of disciplined use of stop-loss and take-profit strategies to safeguard their capital and lock in profits.

Objective: To help students understand how emotions can affect trading decisions and how to manage them effectively.

Learning Outcomes:

• Students will learn how emotions like fear and greed can affect their trading performance.
• Students will gain practical strategies for managing emotional responses, allowing for more rational and objective trading decisions.

Objective: To teach students the importance of following a structured trading plan and maintaining discipline in the face of market challenges.

Learning Outcomes:

• Students will learn the significance of adhering to a well-defined trading plan and the potential dangers of deviating from it.
• Students will develop the discipline necessary to avoid common trading pitfalls such as overtrading and revenge trading.

Objective: To cultivate a winning mindset by adopting attitudes and behaviours common among successful traders.

Learning Outcomes:

• Students will understand the key traits and habits that contribute to a successful trading mindset.
• Students will learn how to cultivate resilience, patience, and adaptability, enabling them to navigate market fluctuations effectively.

Objective: To guide students through the process of selecting a broker and setting up a demo account for practice trading.

Learning Outcomes:

• Students will learn how to select a suitable broker and set up a demo trading account.

Objective: To instruct students on how to set up a live trading account and prepare for real trading in the Forex market.

Learning Outcomes:

• Students will understand the process of setting up a live trading account and the importance of selecting a reputable broker.
• Students will learn how to navigate the account registration process, fund their accounts, and prepare for live trading.

Objective: To introduce students to MetaTrader 4 Forex trading platform and it's key features.

Learning Outcomes:

• Students will become familiar with MetaTrader 4 (MT4) trading platform.
• Students will understand the features and tools offered by MetaTrader 4.

Objective: To introduce students to MetaTrader 4 (MT4) Forex trading platform, guiding them on how to download, install, and connect their account to the platform.

Learning Outcomes:

• Students will install MetraTrader 4 (MT4) onto their computer. 
• Students will connect their Demo account to the MT4 Platform.

Objective: To familiarise students with the MetaTrader 4 (MT4) interface, providing them with the foundational knowledge needed to navigate its key sections and tools effectively.

Learing Outcomes:

• Students will be able to identify and locate the main sections of the MT4 interface, including the Market Watch, Navigator, Chart Window, and Terminal.
• Students will be able to understand the purpose and functionality of each section, such as real-time price quotes, account management, and graphical price displays.
• Students will be able to access and customise these sections using the View tab in the top-left menu of the MT4 platform.
• Students will be able to confidently navigate the MT4 interface.

Objective: To equip students with the skills to set up and customize charts in MetaTrader 4 (MT4), enabling them to effectively analyze currency pairs and make informed trading decisions.

Learning Outcomes:

• Students will be able to open and display currency pair charts in the MT4 platform.
• Students will be able to add unavailable currency pairs to the Market Watch list and display them as charts.
• Students will be able to customize chart settings, including colours, grid visibility, and chart types (candlestick, bar, or line).
• Students will be able to adjust timeframes for charts to suit different trading styles and strategies.
• Students will be able to navigate charts using zoom and scroll tools to review historical data.

Objective: To equip students with the skills and knowledge to confidently place a market order in MetaTrader 4 (MT4), ensuring proper trade execution with risk management measures in place.

Learning Outcomes

• Students will be able to execute a market order using "Buy" or "Sell" at the current market price.
• Students will be able to navigate the order window in MT4 and select the appropriate currency pair, trade volume, Stop Loss and Take Profit levels.

Objective: To equip students with the skills to place limit orders in the MT4 platform effectively, ensuring they can specify desired entry points and manage risk and rewards.

Learning Outcomes:

• Students will be able to execute a Limit order using "Buy" or "Sell" at precise price levels.
• Students will be able to navigate the order window in MT4 and select the appropriate currency pair, trade volume, Stop Loss and Take Profit levels.

Objective: To equip students with the skills to place Stop orders in the MT4 platform effectively, ensuring they can specify desired entry points and manage risk and rewards.

Learning Outcomes:

• Students will be able to execute a Stop order using "Buy" or "Sell" at precise price levels.
• Students will be able to navigate the order window in MT4 and select the appropriate currency pair, trade volume, Stop Loss and Take Profit levels.

Lesson Objective: By the end of this video, students will be able to confidently modify their Take Profit (TP) and Stop Loss (SL) settings & close open trades in the MetaTrader 4 (MT4) platform.

Learning Outcomes:

• Students will be able to view & identify open trades in the Terminal window under the Trade tab.
• Students will be able to modify the Stop Loss & Take Profit levels & close open trades using the MT4 platform's interface.

Lesson Objective: By the end of this lesson, students will be able to define the Simple Moving Average (SMA) and effectively add and customise the SMA indicator on a chart in the MetaTrader 4 (MT4) platform.

Learning Outcomes:

• Students will be able to explain the purpose the Simple Moving Average (SMA) and its role in identifying market trends and entry/exit points.
• Students will be able to navigate the MT4 platform to add the SMA indicator, set its parameters, and customise its appearance on a currency pair chart.

Lesson Objective: By the end of this lesson, students will be able to define the Exponential Moving Average (EMA) and successfully add and customize the EMA indicator on a chart in the MetaTrader 4 (MT4) platform.

Learning Outcomes:

• Students will be able to explain the purpose of the Exponential Moving Average (EMA), including its role in identifying trends, market reversals, and entry/exit points.
• Students will be able to navigate the MT4 platform to add the EMA indicator, configure its parameters, and customise its appearance on a currency pair chart.

Lesson Objective: By the end of this lesson, students will be able to define key support and resistance levels and effectively identify and draw these levels on a chart using the MetaTrader 4 (MT4) platform.

Learning Outcomes:

• Students will be able to explain the concepts of support and resistance levels, including their role in predicting market reversals, consolidations, and breakouts.
• Students will be able to use MT4 tools to identify historical highs and lows, draw support and resistance lines, and customise them for better visualization on a currency pair chart.

Objective: To equip students with the knowledge and skills to effectively draw and use trendlines and channels in MetaTrader 4 (MT4) for analyzing market trends and identifying support/resistance levels.

Learning Outcomes:

• Students will be able to create and adjust trendlines in MT4 to analyse price behaviour and identify potential trading opportunities.
• Students will be able to draw and customize channels in MT4 to visualise market ranges and trend boundaries.

Objective: To introduce students to the MACD (Moving Average Convergence Divergence) indicator in MetaTrader 4 (MT4) and teach them how to set it up and use it to analyze market trends and momentum.

Learning Outcomes:

• Students will be able to identify & understand the components of the MACD indicator (MACD Line, Signal Line, and Histogram) and their significance in market analysis.
• Students will be able to configure and apply the MACD indicator in MT4 to detect potential buy and sell signals and analyse trend momentum.

Objective: To introduce students to the RSI (Relative Strength Index) indicator in MetaTrader 4 (MT4) and teach them how to configure and apply it to identify overbought, oversold conditions, and potential trend reversals.

Learning Outcomes:

• Students will be able to understand the purpose of the RSI indicator, its range, and its significance in identifying overbought and oversold conditions.
• Students will be able to set up and customise the RSI indicator in MT4, including adjusting periods and levels, to suit their trading strategies.

Objective: To introduce students to Bollinger Bands in MetaTrader 4 (MT4) and teach them how to configure and apply the indicator to analyse market volatility and identify trading opportunities.

Learning Outcomes:

• Students will be able to understand the structure and purpose of Bollinger Bands, including the middle, upper, and lower bands, and their relationship to market volatility.
• Students will be able to set up and customise Bollinger Bands in MT4, using default or adjusted settings, to enhance their trading strategies.

Objective: To introduce students to Fibonacci Retracement Levels in MetaTrader 4 (MT4) and teach them how to apply this tool to identify potential support and resistance levels during price retracements.

Learning Outcomes:

• Students will be able to understand the purpose and significance of Fibonacci Retracement Levels in technical analysis.
• Students will be able to identify trends and correctly draw Fibonacci Retracement Levels on trading charts in MT4 to analyze price movements and plan potential trade entries or exits.

Objective: To introduce students to the Stochastic Oscillator in MetaTrader 4 (MT4) and teach them how to apply it to identify overbought and oversold market conditions effectively.

Learning Outcomes:

• Students will be able to understand the purpose of the Stochastic Oscillator and interpret overbought (above 80) and oversold (below 20) conditions for potential market reversals.
• Students will be able to configure and apply the Stochastic Oscillator in MT4 charts using default or customised settings for enhanced market analysis.

Objective: To introduce students to the Volume Indicator in MetaTrader 4 (MT4) and teach them how to use it to analyze market activity and identify potential trading opportunities.

Learning Outcomes:

• Students will be able to understand the purpose of the Volume Indicator and differentiate between high and low volume to interpret market participation.
• Students will be able to configure and apply the Volume Indicator in MT4, customizing its settings for better visibility and effective market analysis.

Objective: To teach students how to use the Strategy Tester in MT4 to backtest and evaluate trading strategies effectively.

Learning Outcome:

• Students will be able to navigate the Strategy Tester in MT4, configure settings, and perform backtesting to assess the performance of trading strategies.

Lesson Objective: To teach students how to manage their accounts and generate detailed trading reports in MT4.

Learning Outcomes:

• Students will be able to access and review their trading account history using the Account History tab in MT4.
• Students will be able to generate and save trading reports to track performance and analyse trading activities.

Objective: To introduce students to the basics of trend following & how to trade in the direction of the market's momentum.

Learning Outcomes:

• Students will learn how to identify and confirm a trend.
• Students will understand how to enter trades in the direction of the trend and hold until the trend weakens or reverses.

Objective: To introduce students to the concept of trading within a range-bound market, utilizing support and resistance levels to capture profits.

Learning Outcomes:

• Students will learn how to recognize range-bound markets and identify key support and resistance levels.
• Students will understand how to enter and exit trades within the range to maximize profits while minimizing risks.

Objective: To teach students how to identify and trade breakouts from key levels, a common strategy for capturing significant price movements.

Learning Outcomes:

• Students will learn how to spot potential breakouts from key price levels.
• Students will understand how to enter and exit trades during breakout scenarios while minimizing the risk of false breakouts.

Objective: To teach students the basic principles of creating and following a personalized trading strategy.

Learning Outcomes:

• Students will understand the fundamental components of a trading strategy.
• Students will learn how to create and adhere to a clear, structured plan to guide their trading decisions.

Objective: To introduce students to backtesting and how it helps assess the effectiveness of a trading strategy using historical data.

Learning Outcomes:

• Students will learn the importance of backtesting and how to test their trading strategies using historical data.
• Students will understand how to analyze the results of backtesting to improve their strategy.

Objective: To highlight the importance of keeping a detailed trading journal and how it can improve trading performance.

Learning Outcomes:

• Students will learn how to maintain a detailed trading journal and why it is essential for consistent improvement.
• Students will understand how keeping a journal helps in identifying trading habits and refining their strategy.

Lesson Objective: By the end of this lesson, students will be able to design, document, and test a personalised trading strategy using the provided templates, while developing the discipline and foundational skills required for consistent trading.

Learning Outcomes:

• Students will create a trading strategy and effectively document it using the Trading Strategy Template.
• Students will test their strategy in a demo account over 14 consecutive days, maintain a detailed trading journal, and analyse their results to refine their approach.