1.

INTRODUCTION
- WHAT IS FOREX
- WHAT IS TRADED ON FOREX?
- WHO IS A FOREX BROKER?
- TRADING TIMES AND TRADING SESSIONS
- TERMINOLOGIES USED IN FOREX
- FORMS OF TRADING
- CURRENT PAIRS
- MT4 INTERFACE PART 1

2. STAGE 2
- WHAT IS PIP
- CONCEPT OF BID AND ASK PRICE
- WHAT IS SPREAD?
- FORMS OF TRADING ORDERS
- CONCEPT OF TAKE PROFIT AND STOP LOSS
- LEVERAGE
- LOT SIZE
- RISK MANAGEMENT
- COMMON MISTAKE BY TRADERS
- TRADING PLAN
- MT4 INTERFACE PART 2

3. STAGE 3
- HOW TO KNOW WHEN TO ACTUALLY BUY OR SELL
- HOW TO GENERATE SIGNALS FOR YOURSELVES
- INDICATORS… MOVING AVERAGES, STOCHASTIC, MACD, BOLLINGER
BANDS, RSI, ADX, PARABOLIC SAR, ATR, ICHIMOKU…
- TIME FRAME ANALYSIS
- SUPPORT AND RESISTANCE LEVEL
- CANDLE STICK ANALYSIS
- FIBONACCI LEVELS
- PIVOT POINTS
- ELLIOT WAVES AND FRACTALS
- MARKET STRUCTURES
- CHART PATTERNS
- DEMAND AND SUPPLY

4. STAGE 4
- PUTTING IT ALL TOGETHER
 - FOREXTRADING STRATEGIES
- MENTORSHIP
- LIVE TRADING
- FOLLOW UP

INTRODUCTION
Forex is a short form for foreign exchange. It is one of the largest markets in the world with a
total daily liquidity of $5.3trillion dollars. Trading in forex include of: Forex, Spot Oil, Futures,
GoldE, Silver, Shares EU, Shares US, Shares UK, Crypto, Bonds, Energy. They are normally
constantly transacted.
Forex brokers are firms that give traders access to the forex market. They give leverage and
support functions to the traders. The various brokers in the Forex market include: Hotforex,
Fxtm, Fxcm, Fbs, LiteForex.

TRADING TIMES AND TRADING SESSIONS

There are various trading times and trading sessions in Forex. They include
A. SYDNEY SESSION- Represents Australia and countries around this time zone.
Opens at 9PM GMT (12AM EAT)
Closes at 6AM GMT (9AM EAT)

B. TOKYO SESSION- Also called Asian session represents Japan and countries around this
time zone.
Opens at 11PM GMT (2AM EAT)
Closes at 8AM GMT (11AM EAT)

C. LONDON SESSION- Represents United Kingdom and countries within it.

Opens at 7AM GMT (10AM EAT)
Closes at 4PM GMT (7PM EAT)

D. FRANKFURT SESSION- Represents Germany and Europe.

Opens at 8AM GMT (11AM EAT)
Closes at 5PM GMT (8PM EAT)

E. NEW YORK SESSION- Represents US.

Opens at 1PM GMT (4PM EAT)
Closes at 10PM GMT (1AM EAT)

All sessions last for 9 hours.

NB: It is always good to trade the market when 2 or more markets are open at the same time.
This is because volatility is always more when two or more sessions are open. More volatility
means more money. As a forex trader, one wouldn’t be advised to trade a quiet market, because
there wouldn’t be fluctuations and it’s those movements that make money.
Example:
1. At 12AM GMT (3AM EAT) both Sydney and Tokyo session would be open together and
it would have more volatility than someone trading at 9PM GMT because the market
would be quiet.
2. At 8AM GMT (11AM EAT) London and Frankfurt sessions would be open and even
Tokyo would be open briefly, so you would notice that volatility would increase in such
times.

TERMINOLOGIES USED IN FOREX

To go long… means to buy

To go short… means to sell
Bullish market… A market that is going upwards
Bearish market…. A market that is going downwards
Bulls.. Refers to the buyers
Bears… Refers to the sellers
Ranging... A market is said to be ranging, if it does not have any particular direction. It neither
moves upwards nor downwards.
Trending… A market that has a direction, it is either moving upwards or downwards.
Hawkish… This term is mostly used to refer to Central Bank Governor or personnel of a
country. When they are hawkish, they tend to be liberal on interest rates and are willing to
increase it. This is good news for investors.
Dovish… This is the opposite of hawkish. Financial personnel who are dovish are very
restrictive… They do not want to tamper with the interest rates, they even want to reduce it. This
is bad news for investors.
NFP (NON-FARM PAYROLL) A very important news event in the US.

Some currency pairs have specific names:

The dollar is sometimes called Greenback.
The pounds is called the cable.
The New Zealand dollars is called the kiwi.
The Australian dollars is the Aussie.
The Canadian Dollars is called the loonie.
Oil is referred to as the Black Gold. Etc

FORMS OF TRADING

There are two forms of Trading in forex:

a. Fundamental analysis
b. Technical analysis

Fundamental analysis.
It has been said that news is what moves the market. They either positively or negatively affect
the currency pair involved and hence affecting decisions made while trading. News being either
positive or negative makes money for the trader both ways.
If a currency pair is appreciating, we go long on the pair. When a currency is depreciating based
on the news, we go short on the pair.

NFP
The most important news is the NFP (NON-FARM PAYROLL) and it is released in the US on
every first Friday of the month by 12:30 GMT (3:30pm EAT). The data that is released includes:
1. Non-farm Payroll increase
This is the number of new jobs added in the US labour sector in the previous month. These
data include; employment in the manufacturing sector, construction sector, goods sector etc.
This excludes far workers, also excluding private household employees and non-profit
organizations. It is usually compared to the previous data.

2. Unemployment rate of the US.

3. Which sectors of the economy, these jobs were added mostly