Free Online Forex Trading Course

Below is the outline of the free online forex trading course offered to you by ForexHit. The course is introductory in nature - it will help beginning and intermediate currency traders to develop a proper perspective on all important aspects of successful forex trading. The course teaches the importance of balanced approach to currency trading where all three systems - the trading system, the money management system and the emotion management system - are given an equal weight in the forex trading plan.

You can start from any part of the course and proceed to the other parts through the numerous text links connecting related concepts discussed in the different sections of the course. This online forex trading course contains interactive web-based calculators (e.g. forex trading simulator (Please note: The size of this page is 0,6 Mbs and it requires that you have Flash installed and Javascript enabled in your browser).) which will help you to simulate various trading outcomes that can happen in real trading. The material is heavily linked to the interactive elements (e.g. money management calculator or real-time forex charts) located outside the course, in the other major sections of the site - trade forex and analyze forex.

The trading course gives broad guidelines on trading system creation, emotional control and money management. You will find detailed instructions on all these topics in the high quality forex books and the trading courses on forex trading that we have chosen for you. We hope that the information given in our course will help to save your time and will protect you against any unnecessary losses on your road toward financial freedom.

Below is The Outline of the Free Online Forex Trading Course (page titles are in bold). You can find schematic demonstration of course contents at the bottom of the page.

1. Forex Trading Plan.
1.1. What is a Forex Trading Plan?
1.2. What are Rule Sets?
1.3. What are Checklists?
1.4. What is the Trading Log?
1.5. Mastering Forex Trading.

2. Forex Trading System.
2.1. What is a Forex Trading System?
2.2. Components of a Forex Trading System.
2.3. Development of a Currency Trading System.
2.3.1. Selecting the inputs for the trading system.
2.3.2. Developing the rule-set which will operate on the signals
2.3.3. Optimizing the parameters of the analysis tools used to produce the signals
2.3.4. Backtesting and forwardtesting the system over historical price data.
2.4. Implementation of a Forex Trading System.
2.5. Mastering System Trading.

3. Technical Analysis in Forex Trading
3.1. What is Technical Analysis?
3.2. Using Technical Analysis in Forex trading.
3.3. Mastering Technical Analysis.

4. Forex Trends
4.1. What is a Trend?
4.2. Measuring and Trading Currency Trends.
4.3. Mastering Trend Trading.

5. Support and Resistance in Forex Trading
5.1. What are Support and Resistance?
5.2. Measuring Support and Resistance
5.3. Role Reversal between Support and Resistance
5.4. Strength and Probability of Support and Resistance
5.5. Mastering Support and Resistance in Currency Trading

6. Japanese Candlesticks in Forex Trading
6.1. What are Japanese candlesticks?
6.2. Examples of candlestick patterns.
6.2.1. Hammer
6.2.2. Shooting Star
6.2.3. Doji
6.2.4. Dark Cloud Cover
6.2.5. Piercing Line
6.2.6. Engulfing Pattern
6.3. Combining candlesticks with other technical analysis tools:
6.3.1. Candlesticks with Trendlines
6.3.2. Candlesticks with the Bollinger Bands
6.3.3. Candlesticks with Retracement levels
6.4. Mastering Japanese Candlesticks

7. Trendlines in Forex Trading.
7.1. What are trendlines?
7.2. How to draw a trendline?
7.3. Using trendlines in forex trading.
7.4. Mastering Trendlines.

8. Fibonacci Retracements in Forex Trading
8.1. What are Fibonacci Retracements?
8.2. How to draw fibonacci levels:
8.3. Using Fibonacci Retracements in Forex trading
8.4. Mastering Fibonacci Retracements.

9. Bollinger Bands in Forex Trading
9.1. What are Bollinger Bands?
9.2. Using Bollinger bands in forex trading.
9.3. Mastering Bollinger bands.

10. Moving Averages in Forex Trading
10.1. What are Moving Averages?
10.2. Using Moving Averages in Forex Trading.
10.3. Mastering Moving Averages.

11. Forex Indicators
11.1. What are forex indicators?
11.2.1. What is RSI?
11.2.2. RSI signals.
11.3.1 What is Stochastic?
11.3.2. Stochastic signals.
11.4.1. What is MACD?
11.4.2. MACD signals.
11.5. Mastering Forex Indicators.

12. Price Patterns in Forex Trading
12.1. What are Price Patterns?
12.2. Reversal Patterns on the Currency Markets
12.2.1. Head and Shoulders
12.2.2. Double tops and bottoms in forex trading
12.3. Continuation Patterns on the Foreign Exchange
12.3.1. Triangles in Currency trading
12.3.2. Rectangles in Forex Trading
12.3.3. Flags and Pennants
12.4. Mastering Price Patterns

13. Elliott Wave Principle
13.1. What are Elliott Waves?
13.2. Impulse Waves
13.3. Corrective Waves
13.3.1. Zigzags, Flats and Irregulars
13.3.2. Triangles
13.3.3. Double and Tripple Threes
13.4. Principle of Alternation
13.5. Using Elliott Waves in the Forex Trading
13.5.1. Entering at the End of Intermediate Corrective Waves
13.5.2. Exiting at the End of Intermediate Impulse Waves
13.6. Mastering Elliot Waves

14. Fundamental Analysis in Forex Trading
14.1. What is Fundamental Analysis?
14.2. Creating Prediction Model based on Fundamental Analysis
14.3. Mastering Fundamental Analysis

15. Interest Rate Differential and Long-Term Currency Trends
15.1. Measuring the cyclic component of the long-term currency trends.
15.2. Correlation between the long-term currency trends and the interest rate differential cycles.
15.3. Conclusion
15.4. Data Sourcses

16. Money Management in Forex Trading
16.1. What is Money Management System?
16.2. How much to risk?
16.3. Mathematical Expectation of a Forex Trading System
16.4. Diversification in Currency Trading
16.5. Mastering Money Management in Forex Trading

17. Forex Trading Simulator

18. Currency Diversification Simulator

19. Correlation Simulator

20. System Correlation Simulator

21. Allocation Efficiency Calculator

22. Best Correlation Period

23. Emotion Management System
23.1. What is Emotion Management System?
23.2. Destructive Emotions
23.3. Beneficial Emotions
23.4. Emotion Management Methods
23.5. Mastering Emotion Control

The following diagram shows the structure of our free online forex trading course.(the pages are organized by the same principle that the top navigation menu is organized)