Online Forex School - School of FxTides©
Learn to Ride the Forex Tides at the School of FxTides
1. Know your water and the tides - the depth of ocean and the weather - Know it all:
Here the water and tides mean the Forex market itself and why and how it moves. The weather is the market situations which also changes continuously.
2. Learn to handle your surfing board:
How do you surf? How do you make your trading decisions? This section will take you through concepts of the Forex market analysis.
3. Learn to survive when your surfing board breaks:
Many people get attracted towards Forex trading, considering it as a way to become rich overnight. Let us tell you that nothing can be more wrong then this statement or thought. Forex trading is risky and has to be mastered. Things would go very good at times and would go very bad at times. The trading discipline is always the key. Knowing the psychological factors and mastering the discipline will be the key to swim through the waters and reach the shore to survive and get another surfing board. This third section will be for the swimming techniques through bad waters at good or bad times.
- Preparation: Serious surfers and crack Forex traders both have a passion for preparation. Never ones to be caught on the wrong foot, both bone up on everything relevant to the task at hand. The more you prepare, the better your chances on scoring that dream ride or multi-bagger trade.
- Fitness: Surfing is a sport that demands physical fitness – you need to be flexible and have excellent stamina and strength. Trading Forex is equally demanding – your mental faculties should be top notch, and of course it helps if you are physically fit. Don’t trade if you are still nursing that hangover from last night’s bonfire party on the beach!
- Beginners’ lessons: Everybody has to start as a newbie – so starter lessons are great to become familiar with the essentials of surfing before getting into the water. This is also a nice way to lay the foundation for the right techniques. It’s exactly so with Forex, and guess what - you’re in the right place, right here!
- The right equipment: The ace surfers invest in the right equipment - the perfect surfboard suited to their style, and also take good care of it. Similarly, the FX guy ensures he has the right computers, data feeds, trading platforms and internet to trade efficiently.
- Not being afraid: Both surfing and Forex come with fear attached! One of physical injury and the other, of financial loss. But the surfing and Forex trading greats learn to overcome this fear, and what’s more, use the adrenaline rush to actually boost their performance.
- Knowing one’s limits and keeping safe: It’s OK to overcome fear, but don’t take it to the other extreme. Bravado is not a good thing when you are dealing with the unpredictable sea and the volatile Forex markets. The pros may not be afraid, but they’re also not foolhardy. =
- Attitude: The surfing pro strikes the right attitude – positive, confident, courteous, knowledgeable, and yes, no airs and tantrums. The Forex trading professionals has respect for the market, is confident in his own abilities and like the surfer, knows the market’s whims.
- No guesswork - the surfing pro will personally check the surf before he takes the plunge. You need to know where to find waves to catch, where the waves will not break and where they will break. Ditto for the Forex trader. He will always keep himself well informed on the state of the market and know where to look for the pot of gold at the end of the right trade.
- Weather (or market) conditions don't count but do count– they’re in the thick of it. World class surfers and FX traders play in any kind of weather – no cherry-picking bullish or bearish markets, nor surfing on only sunny and suitable days. However, they adjust their strategies accordingly.
- Letting a few go - Both surfers and traders know the value of patience. They lie in wait for the right wave or trading opportunity and than make the most of it. Importantly, they have no regrets for chances lost.
- Being humble: The pros have a healthy respect for the power of the ocean and the Forex markets.
- Goofing up (Hey! It’s OK). The true surfer and trader both realize that there are going to be good days and bad days. Missed waves, or bad trades, these are par for the course. They learn to accept them and don’t beat up on themselves.
- They’re not afraid to experiment: Experienced surfers and traders welcome the opportunity to push themselves into uncharted waters or market scenarios. They develop the ability to adapt themselves to every kind of surf condition or trading zone.
- No harm in taking help, or getting coached: Sometimes even the seasoned surfer or Forex trader realizes they’re in a rut. They know a good coach is invaluable to break behavior patterns that keep one tied to mediocrity.
- ……….and to keep coaching oneself. Both the surfer and Forex trader keep healthy introspection at hand! They look within and seek out the mistakes and bad habits that cause the surfer to fall or the trader to make a losing trade.
- Having a nice repertoire of moves: Both the surfer and trader build up a collection, through practice, of moves and tricks that they can confidently use to their advantage. So they have fun, win respect and make money!
- Developing motor skills: Training to be a champion surfer is all about getting your muscles, sensory organs and nervous system to work together like a well-oiled and automatic machine that eliminates unnecessary and imprecise actions. This is called motor skill development. How does it apply to a Forex trader? It’s very similar – as the markets play out their course, the skilled trader is able to apply intuition, chart analysis, and crowd psychology techniques on the fly to make the right trading decisions. Motor skill development – of the Forex kind!
- Above all……..they "Think"! Skilled surfers think constantly about the beach, the waves, their performance and how to improve it. Visualization is key to their superiority on the water – they keep looking at better surfers and mentally rehearse their action for themselves. Traders similarly follow the market moves of hot-shot market players and try to duplicate their success.
- They both enjoy what they do. Have you seen the look on a surfer’s face after he has just ridden a glorious wave? Or that on a trader, after a nice profit streak? .
- Commitment: A champion surfer and ace Forex trader share a deep commitment to their sport and work. It’s not a game, but a lifelong challenge.
Learn to Surf Forex Tides - Course Structure
Learn the Basics
|Sub-Level 1-A||Basics of Forex Market|
|1.1 to 1.4||What is Forex?|
|1.5 to 1.7||What's Good With Forex Trading?|
|1.8 to 1.9||Forex Market Overview|
|1.10 to 1.15||Forex Trading Sessions and Market Hours|
|Sub-Level 1-B||Very Basics of Trading Floor|
|1.16 to 1.23||Basics of Forex Transactions|
|Level 2||Know Your Waters And Equipments - Warming Up Lessons|
|2.1||Profits - What to expect?|
|2.2||Demo Trading to Hone Your Skills|
|2.3 to 2.12||Brokers - an Insight|
|2.13 to 2.17||How to Analyze the Market?|
|2.18||Important Chart Types - Which is the Best?|
|Short Break||Wait!!! Are You Good to Go?|
|►||What Can Go Wrong?|
|Level 3||Train Your Eyes to Trade - Sentiments Analysis|
|3.1||Watch Out for Patterns|
|3.2 to 3.5||Support and Resistance Levels Without Set Patterns|
|3.6 to 3.17||Support and Resistance Levels With Common Chart Patterns|
|3.18 to 3.28||Candlestick Charts to Gauge Market Sentiments|
|Level 4||Technical Analysis|
|Sub-Level 4-C||Proactive Vs. Reactive Trading|
|4.1 to 4.4||Leading and Lagging Indicators|
|Sub-Level 4-A||Popular Indicators with Various Variations|
|4.5 to 4.15||Moving Averages|
|4.16 to 4.26||Fibonacci|
|4.27 to 4.29||Stochastic Oscillator|
|Sub-Level 4-B||Other Popular and Commonly Used Indicators|
|4.30 to 4.40||Common Technical Indicators|
|Sub-Level 4-D||Not the Eyes but Maths for Resistance & Support Levels|
|4.41 to 4.47||Forex Pivot Points|
|Sub-Level 4-E||Exotic Technical Analysis|
|4.48 to 4.53||Elliott Wave Theory|
|4.54 to 4.57||Harmonic Price Patterns|
|Level 5||Technical Trading Strategies|
|5.1||Overview of Technical Trading Strategies|
|5.2 to 5.4||Charts and Time-Frames: Where to Look for What?|
|Market Conditions - Range and Trend Trading|
|Trading with Divergences|
|Trading with Breakouts|
|Level 6||Fundamental Analysis|
|Level 7||Sentiment Analysis and Psychological Factors|
|Level 8||In The Field - The Actual Trading and Trade Management|
|Level 9||Risk Management|
|You Graduated - Time to Earn Some Real Money Now!!!|