COURSE DESCRIPTION

  • Learners have access to their course material for 180 days from date of enrolment , thus are able to complete their study preperation at their lesure. (Self-Paced) 
  • Online assessment (2 multiple choice exam attempts included.)

NQF Level 3 courses

NQF levels are intended to award registered learners with national accreditation based on their skills and knowledge. NQF 3 is equivalent to Grade 11 or Standard 9, and is often a stepping stone to NQF 4 and beyond.

NQF Level 4 courses

NQF levels are intended to award registered learners with national accreditation based on their skills and knowledge. NQF 4 is equivalent to Grade 12 or Standard 10 (Matric), and is a FET – Further Education and Training – category qualification.

NQF Level 5 courses

NQF levels are intended to award registered learners with national accreditation based on their skills and knowledge. NQF 5 is a National Certificate or National Diploma and is a HET – Higher Education and Training – category qualification

NQF Level 6 courses

NQF levels are intended to award registered learners with national accreditation based on their skills and knowledge. NQF 6 is a Bachelors Degree or Higher Diplomaand is a HET – Higher Education and Training – category qualification.

COURSE CONTENT

 

Unit 1 – The foreign exchange markets

  • What is Forex?
  • OTC or Over the Counter Markets
  • Forex Market Size
  • What is traded in forex?
  • Major Currencies
  • Market Players
  • Electronic Communications Network
  • Market Makers and Brokers
  • The Dollar is King
  • Currencies Are Traded in Pairs
  • Buying and Selling Currency Pairs
  • Major Cross-Currency Pairs or Minor Currency Pairs

Unit 2 – Characteristics of Forex

  • No commissions – under normal circumstances!
  • No fixed lot sizes
  • Low transaction costs
  • A 24-hour market
  • No one can corner the market
  • High Liquidity

Unit 3 – Forex market structure

  • How does this happen?
  • Trading Spot FX is decentralized
  • Forex market hierarchy
  • The FX Ladder
  • Forex market players
  • Know your Forex history
  • Retail Forex Brokers
  • Market Makers
  • Electronic Communications Network
  • Forex trading sessions
  • Forex Market Hours
  • Best Days of the Week to Trade Forex
  • Managing Yo Time Wisely

Unit 4 – How you make or lose money in Forex

  • How to Read a Forex Quote
  • Long/Short
  • The Bid, Ask and Spread
  • Know when to Buy or Sell a Currency pair
  • Margin Trading
  • Rollover

Unit 5 – What is a PIP in Forex?

  • What the heck is a Pip?
  • What is a Pipette?
  • How to Calculate the Value of a Pip
  • Finding the Pip Value in your Account Denomination
  • Calculating the Value of Pips
  • Lots, Leverage, and Profit and Loss
  • Looking at Leverage and margin in more detail
  • How to Calculate Profit and Loss?

Unit 6 – Types of orders

  • Order Types
  • Market order
  • Limit Entry Order
  • Stop Entry Order
  • Stop Loss Order
  • Trailing Stop
  • Weird Forex Orders
  • Good ‘Till Cancelled (GTC)
  • Good for the Day (GFD)
  • One-Cancels-the-Other (OCO)
  • One-Triggers-the-Other

Unit 7 – Different ways to trade Forex

  • Currency Futures
  • Currency Options
  • Currency ETFs
  • Spot Forex Market
  • Concentrate on ONE major currency pair.

Course Curriculum

No curriculum found !

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