Preschool>= Lesson Status ?
Kindergarten>= Lesson Status ?
Elementary>= Lesson Status ?
Grade 1 Support and Resistance Levels
Grade 2 Japanese Candlesticks
Grade 3 Fibonacci
Grade 4 Moving Averages
Grade 5 Common Chart Indicators
Middle School>= Lesson Status ?
Grade 7 Important Chart Patterns
Grade 8 Pivot Points
Summer School>= Lesson Status ?
High School>= Lesson Status ?
Grade 9 Trading Divergences
Grade 10 Market Environment
Grade 11 Trading Breakouts and Fakeouts
Grade 12 Fundamental Analysis
Grade 13 Currency Crosses
- What is a Currency Cross Pair?
- Crosses Present More Trading Opportunities
- Cleaner Trends and Ranges
- Taking Advantage of Interest Rate Differential
- Obscure Crosses
- Planning Around News and Fundamentals
- Creating Synthetic Pairs
- Euro and Yen Crosses
- How to Use Crosses to Trade the Majors
- How Cross Currency Pairs Affect Dollar Pairs
- Summary: Currency Crosses
Grade 14 Multiple Time Frame Analysis
Undergraduate>= Lesson Status ?
- Why Keep a Trade Journal?
- Benefits of Keeping a Journal
- What Should You Record in Your Journal?
- Potential Trading Area
- Entry Trigger
- Position Sizing
- Trade Management Rules
- Trade Retrospective
- Trading Journal Statistics
- Reviewing Your Trading Journal
- Difficulties of Keeping a Trade Journal
- Summary: Keeping a Trade Journal
Graduation>= Lesson Status ?
- Which Trading Style is Best for You?
- Which Currencies Should You Trade?
- What is Your Level of Trading Experience?
- Should You Be a Discretionary, Mechanical, or Hybrid Trader?
- What Kind of Mechanical System Suits Your Personality?
- What is Your Attitude Towards Risk?
- What Kind of Stop Suits Your Trading Style?
Weapons of Choice
What software, hardware, and other tools will you use?
What "toys" will you use for your trading profession?
Write down the hardware, software, data feeds, and internet access that will comprise your "trading desk."
Don't forget backups! Make sure you have a backup plan for everything just in case your main tools fail while you're in a trade. What if your computer crashes and doesn't boot back up? What if your internet connection goes down? What if your electricity goes out? (Laptop and aircard. Bam!) What if the Taylor Swift CD you always listen to while trading keeps skipping? (Oh nooo! Not that!)
Finally, don't get suckered by all the razzle-dazzle trading vendors (cough *scammers!* cough) try to lure you with. Do you really need that $5,000 chart pattern recognition software that displays in 3D IMAX? Didn't think so. Save your money and use it for capital instead.
What broker/platform will you use?
Where will you execute your trades? It's not like you can call the bank and say, "I want go long EUR/USD." Okay fine, you could have done this in the past, but we're living in the 21st century now - time to get up to speed and use those online platforms!
But it isn't that simple. Make sure you know the ins and outs of broker you choose from executing orders to depositing and withdraw money (hopefully profits, right?). Take the time to read our "Choosing a Forex Broker" lesson - you won't regret it!
While you are logged into your account,
you can save your progress in the School of Pipsology!
- What is a Trading Plan?
- Why Do you Need a Trading Plan?
- Justified vs. Unjustified
- Getting to Know Yourself
- Motivation and Goal Setting
- Risk Capital
- Lifestyle Considerations
- Daily Pre-Market Routine
- Weapons of Choice
- Stick to the Plan
- Summary: Developing a Trading Plan