Salient features of a good forex course curriculum
With growing global trend in day to day trading and commerce, it is a must for basic knowledge of trading so that each can have a slice of the sweet pie. The course should be designed to cater the people from all sort of academic backgrounds from simple secondary education to graduation level. It should also be kept in mind that people from all walks of life get a valuable exposure on the commerce and trading system. Our effort is to crash the national boundaries and bringing into seamless trading of international trading.
Who all benefits
Platinum Trading Academy
The course could benefit Professionals, retired persons, housewives and students. Platinum Trading Academy offer basics on commerce and related accounting so that an insight into the surges and trends in the stock market could be grasped. Accounting and balancing of profit and liabilities are taught from a basic level slowly taking a novice to penetrate the commercial clouds at various heights. We have designed the curriculum in such a way that a rare insight into the commercial activities around the globe leading to a perspective analysis turning each moment into glorified commercial benefit.
Interactive one to one Expertise teaching with hands-on training by professionals along with study materials and necessary kits.
How would you like to have at your fingertips the power to trade alongside the banks? Having a system that, no matter what time of day it is, provides you with accurate trading levels whether you’re in London, New York or Asia? We have now built a system that provides you all of the above and an easy and effective course to learn about the trading system course. You will discover how the platinum trading system is helping retail traders achieve unprecedented yields trading in the financial markets. With this course, you will gain enormous knowledge on trading.
Highlights of the curriculum
Trading and Commerce has become one of the most important aspects in our day to day lives. It is a basic necessity for everyone to know how trading systems work. We designed the course in a way such that even people with negligible or no exposure to trading can learn and benefit from the course. With the knowledge of these trading systems, the world is globalised and without borders. For the ease of the students, we have two courses – Platinum’s professional trader course that gives vast exposure over Trading and Platinum’s Foundation course for a person who is much of a beginner. Both of these gives access to our exclusive Trading system.
This course can benefit almost anyone and everyone. We offer a 12-month course of personalized coaching(One to One) which also teaches you Risk Management and Money Management strategies. A complimentary high specification laptop for those who enroll in platinum professional trader course.
All the necessary tools and kits
Our analysis currency pairs and Trading system.
Our goal is ‘knowledge to everyone’. In understanding to that, our framework gives different sponsorship and recompenses. Since our organization knows the way that just with a decent establishment one can achieve the skies, we give fantastic rudiments on trade and related bookkeeping. We have highly qualified staffs who will show the path for reaching the goal and accompany you. It will be taught by our framework in a manner, that each would be spouting up with inquisitiveness to learn.
Online trading can be done as a hobby while at the same generating some considerable amount of income. It is very convenient trading in your free time and many people do this as a side hustle to add to their income. If you are considering getting some cash at your convenience and at the comfort of your home, here are some simple steps you can easily follow even if you are doing this for the first time.
The first thing is to learn forex trading terminologies used in the market. Some of the common terms you will come across include; Quote currency which represents the currency you are buying and the base currency which refers to the one you are spending. For instance if you are exchanging south African Rands for the US Dollar, the Rand is the base currency and the Dollar is the quote currency. A long position means that you want to buy the base currency and sell the quote currency and the reverse is true for a short position. Other common terms are exchange rate, bid price, ask price and a spread. A spread represents the difference between the ask price and the bid price
The other step is to decide which currency you want to buy and which one you want to sell. This will require a study of the market news so that one can make correct predictions. For instance, you may note that the sterling pound is rising in value day after day and you will be right in predicting that if you buy it today, tomorrow you will make good profits.
The other important step is to know how to calculate ones profits. This is done in terms of pips where a pip is equal to 0.0001 of a change in value. You multiply the number of pips by the exchange rate to know by how much your account has gained or lost.
Now you are ready to open a forex brokerage account online. While looking for a broker, it is important to get one who has been in the market for a long time preferably more than ten years .It is also important to know how many products the broker offers .Visit their website and learn more about them. Reviews will tell you a lot about a particular brokerage company. Here, you should be careful to know that there are people who are out there to spoil other people’s reputation and therefore one or two negative reviews should not put you off.
After you are settled on a particular broker, you can now go on and ask for information on how to open an online account. For a personal account, you manage the account by yourself while a broker does the managing if you choose a managed account. Now you can go on, and download a form and key in details. Be careful to check on the costs of transferring money from your account to that of your broker because this reduces your profit margin. You are now good to go and you can start trading.
Forex trading is quite difficult and needs some skills if one is going to succeed. People who have indulged in this without enough information about it have ended up losing their accounts and some in debts. This is an area that needs skills and information if one is going to make profits. There are also many people who have made millions out of forex trade and therefore it cannot be ruled out as a no treading area in investment.
There are three levels in forex trading namely short term, medium-term and long term. The short term traders are people who want to trade very fast and get returns. In this, an investor risks a larger capital especially due to the amount of leverage required. This person can make profits very fast and the same way, he can make huge losses. A medium trader will take some more time and have the advantage of opportunistic technical situations. A trader here requires less capital because the amount of leverage required is little only to raise ones profits. This also has got limitations because it has fewer opportunities compared to the other two. The last level is the long term where an investor wants to hold the opportunity for several months. The risks here are small but it requires a huge capital to cover for the open opportunities. Among the three, medium –term works best more so for beginners because it requires less capital and the risks involved are not as many as those of the short term traders.
Money management and risk is a skill that every investor must have especially those dealing with delicate markets like the forex trading. It is important for a trade to know the market trends so that they can know when good opportunities to trade arise and take advantage of them. Look for all the possible ways to reduce the risks which include, increasing the number of indicators that one is using. The forex indicators are used as filters in this trade. More indicators in forex trade result in less opportunities but a more reliable trading ground and the reverse is true. If one wants to reduce the risks, then they should adopt more indicators provided various forex trading systems.
Forex market is an open opportunity and anyone can make profits. However, this is not a market where you will invest today and get returns immediately. It requires patience and a well laid down strategy. The medium term strategy is efficient and one can generate substantial returns. Investing in this market without knowledge can lead to one joining the huge list of casualties who have lost a lot of money in this market. Do good consultation and research and you will certainly be a beneficiary of this market.