Wednesday, November 24, 2010

EDUCATION

I've decided to learn a little about Forex, then paper trade. Shall use this as a diary of my experiments. But before I start playing around with programs, shall have to do a little self study.

I shall use www.babypips.com as my initial study site. Mainly 'cause they have a nice syllabus.


Pre-schoolForex Basics
What is Forex?
Why Trade Forex?
Who Trades Forex?
When Can You Trade Forex?
How Do You Trade Forex?
KindergartenThree Types of Analysis
Types of Charts
Elementary School
Grade 1Support and Resistance Levels
Grade 2Japanese Candlesticks
Grade 3Fibonacci
Grade 4Moving Averages
Grade 5Common Chart Indicators
Middle School
Grade 6Oscillators and Momentum Indicators
Grade 7Important Chart Patterns
Grade 8Pivot Points
Summer School
Elliott Wave Theory
Harmonic Price Patterns
High School
Grade 9Trading Divergences
Grade 10Market Environment
Grade 11Trading Breakouts and Fakeouts
Grade 12Fundamental Analysis
Grade 13Currency Crosses
Grade 14Multiple Time Frame Analysis
Undergraduate
Freshman YearMarket Sentiment
Trading the News
Carry Trade
Sophomore YearThe U.S. Dollar Index
Intermarket Correlations
Using Equities to Trade FX
Country Profiles
Junior YearDeveloping Your Own Trading Plan
Which Type of Trader Are You?
Create Your Own Trading Plan
Keeping a Trading Journal
Senior YearRisk Management
The Number 1 Cause of Death of Forex Traders
Position Sizing
Setting Stop Losses
Scaling In and Out
Currency Correlations
GraduationBrokers 101
Forex Trading Scams
Graduation Speech
At a guess, I'll go through a couple of levels a day. I don't want to hurry through and screw up later, but if I don't set goals I'll be procrastinating my ass off.