Program Name: Professional Forex Trader

Overview

At OTA we believe that when trading the Foreign Exchange markets (Forex), it is helpful to apply a rule-based strategy to help students analyze the global market and choose the right currency pairs for their trading objectives. Understanding the difference between Forex and equities trading and how to use both to carefully identify key market turning points and strong market moves in advance is explained during the Professional Forex Trader Course. Tuition: $5,500

Potential Benefits

  • No overnight gaps because the Forex market trades 24 hours per day, 5 ½ days per week
  • Extended hours trading offered in the Forex market provides individuals with challenging time commitments a viable option to trade
  • OTA's unique Core Strategy helps traders learn to identify where there could be a higher probability that banks and institutions are buying and selling in the Forex markets. With Forex trading dominated by the world's largest banks, knowing where they are buying, and selling is KEY information for the individual trader
  • Forex requires a low minimum account size, unlike equities which requires a minimum account of $25,000 for day trading
  • Can trade the currency pairs both long and short
  • Large trading volume markets with available liquidity
  • Forex provides great leverage—up to 100:1. But it is very important to note that while leverage offers greater reward, it also means greater risk, so being educated and having a proper risk management plan is key
  • Reduced effort in selecting markets as there are only 15-20 major Forex currency pairs that OTA students primarily learn to trade
  • Forex also provides the potential to generate trading opportunities in both up and down trends because it offers the capability of both buying long or selling short

Course Objective

To learn the basics of Foreign Exchange trading and its unique leveraging power while incorporating a step-by-step trading/investment rule-based strategy based upon OTA’s proprietary Core Strategy.

Deliver and Duration

  • On Location in a traditional instructor-led, in-person classroom (5 days: 30 hours)
  • Online in a live virtual classroom that is also recorded (10 sessions, 30 hours)
  • All delivery modes combine lessons with interactive scenarios, labs, and exercises with access to live financial markets

Audience

This course is designed for students interested in learning how to trade and invest in the Foreign Exchange markets.

Pre-Requisite

Core Strategy, Online Student Orientation, Option pre-essential videos are recommended pre-requisites for this course. No trading experience is required.

Detailed Course Outline

Day 1

  • Forex Terminology and Market Structure – Become proficient in using unique Forex-related terms and learn how the Forex Markets are structured
  • Currency Pairs – Two currencies linked together in what is known as a currency pair is the cornerstone of Forex Trading. Students can gain a solid understanding of Base Currency, Quote Currency, the “Majors” and Cross Pairs and their notable characteristics
  • Core Strategy Review and Application – This course is built on the foundation of Online Trading Academy’s Core Strategy. In this course students will specifically focus on applying the Core Strategy in the Forex markets
  • Trading Purposes – Explore the different trading styles including daily, weekly and monthly timeframes

Day 2

  • Preparing to Trade – Learn consistent routine designed to assist students in becoming patient, focused and disciplined traders
  • Order Types – Review the primary order types (Market, Limit, Stop Market, Stop Limit and Bracket orders) and learn what these order types are used for and the advantages and disadvantages of each
  • Multiple Time Frame Analysis – Multiple Time Frame analysis is key to identifying the appropriate trading opportunities and utilizes three specific chart timeframes with purpose and focus
  • News and Reports – Awareness of news and economic reports is critical to the prepared Forex trader and helps them focus on the most important Forex reports to be prepared for identifying quality trading opportunities
  • Risk Management – Develop a proper risk management plan that considers three controllable risk factors

Day 3

  • Forex Correlations – Global correlations with commodities such as Oil and Gold play a large role in the flow of global capital and international trade. This portion of the course will look at these important correlations and provide trading action steps based on what to look for
  • Forex Relative Strength – The concept of “Cross Pairs” measures the strength of an individual currency which helps in identifying which are the quality Forex pairs to trade
  • OTA Scoring Methodology – Learn Online Trading Academy’s proprietary scoring system for objectively measuring the quality of trading opportunities
  • Trade Management – Learn how to apply Dynamic Trade Management techniques such as scaling in and out of trades as well as various exit techniques

Day 4

  • Forex Time Zones – Learn the ebb and flow of various time zones and discover how to identify trading opportunities that reoccur on a regular basis
  • Momentum Breakouts – Learn Momentum trading which allows for participation in a strong market move after it is underway (breakout)
  • Secondary Support Tools – Learn how to apply technical indicators and oscillators as a secondary support tool for confirmation in identifying trade opportunities
  • Trade Plan Development – Trade plan development is a process of taking trading concepts as well as personal goals to create a specific action plan that fosters focus and accountability

Day 5

  • Live Market Trading and Analysis – Experience another interactive trading session which includes identifying trading opportunities and executing trades in several Forex markets
  • Broker Accounts and Regulation – Learn key aspects to help identify reliable and competent broker organizations using objective measurement criteria
  • Forex Futures and Spot Forex – Learn the advantages and disadvantages between Forex Futures and Spot Forex

XLT

Overview

XLT-Forex Trading builds upon the lessons taught in the Professional Forex Course and provides students with the knowledge and skills to know how to properly manage risk trading the Foreign exchange markets. XLT-Forex Trading students will observe and interact with an instructor with practical experience in the Forex market utilizing the trading tools taught in the course to help them identify, execute and manage Forex trading opportunities in real trading market situations. Tuition: $13,750

Deliver and Duration

Online in live virtual classroom that is recorded (2-3 sessions weekly, 4-6 hours weekly)

Audience

The XLT sessions are designed for students who are serious about learning how to trade and invest the Foreign Exchange Markets

Pre-Requisite

Before attending this XLT program, students must have completed the Professional Forex Trader class and the pre-requisites associated with the Professional Forex Trader Course

Detailed Course Outline

  • Live Trading and Analysis sessions
  • Student Trade Reviews
  • Interactive XLT Trade Plan Development
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