Lesson 1: Risk Management
While novice traders tend to think about how much money they can make, those with skills know it’s much more important to focus on what they could potentially lose. There is a risk in every trade you take, but as long as you can measure risk, you can manage it.
In this lesson, we will run through a step-by-step guide that you can follow to help you manage risk, position sizing and ultimately maintain your profitability.
Part of this lesson is to understand what a professional trader call “Gap Risk.” Learn the fundamental concepts and dimensions on how to mitigate the risk of gaps in the Forex market and how to take advantage of gaps using our Supply and Demand strategy.
Lesson 2: Trading Hours
It is time to learn about the different Forex trading sessions. The Forex market is open 24 hours a day, but that does not mean it is always active the entire day.
In this lesson will break a 24 hours Forex market into manageable trading sessions. We will take an in-depth look at each of the sessions, as well as those periods when the sessions overlap. You will be able to determine whether high or low volatility will work best with your trading style and in which of the sessions we find the most significant Supply and Demand imbalances for a low risk, high reward, and high probability trading opportunity.
Lesson 3: Consistency in Trading
What is consistency in trading and how do you find it? This powerful lesson is centered around one of the most critical topics in trading – consistency!
Based on a Forex case study we will show you how consistency in trading will allow you to reach your specific income and wealth goals, step by step. You will learn how to do milestone planning and have specific Key Performance Indicators (KPIs) in place to objectively evaluate your trading results. This way you learn how to slowly scale up your business and gain confidence in your own trading.