Programme Overview
Fundamental analysis is a technique for determining the relative strength or weakness of a currency based on economic statistics.
Find out how central banks impact the forex market, and how to use news and key economic statistics to make trading decisions.
Provide you with a step-by-step plan for analysis the global economic environment and deciding on which currency to buy or sell.
Learn the general concepts of forex markets and economy. You will also look at various economic Indicators and their influence on the markets.
We will cover interpretation of news, filtering of news, and application of news.
Whether you trade fundamentals or technical, knowing and understanding the moves in the market will definitely set you apart from the competition and help improve your trading.
After completing this programme, you will have a much stronger background of forex markets and ready to go to the next stage in the Specialization.
People who should attend:
- This course is designed to help students with little or no finance background to learn the basics of investments.
- Traders who are starting out and Intermediary level Traders who are not yet consistently profitable.
- Anyone who wants to Day-Trade or Swing-Trade the FOREX Market.
- Anyone who wants to learn the most important concepts that are needed to become successful in trading.
- Take this course if you want to improve your trading with fundamental analysis you can easily know the long-term direction of the market
What you'll learn how to:
- Improve your trading many times over by adding another layer of analysis to your trades
- Understand the central banks, Interpret central bank actions
- Learn to interpret economics news
- Perform and use Fundamental Analysis in their trading
- Learn How to take Advantage of Central Bank Interventions
- Portfolio and direct investment affect the demand and supply of foreign exchange
- How changes in exchange rates influence a nation’s financial system
- Learn how to predict the CPI results, the Durable Goods results
- Get a broad understanding of interest rates, inflation and central banks and how they affect the market
- Learn how to use the Retail Sales, PPI, PMI and other fundamental announcements to improve your trading
- Get a deep understanding of economic indicators and how professional traders use them to make money
Fundamental analysis of FOREX
Fundamental analysis is to study the economic, social and political forces that drive the supply and demand of currencies.
You have to understand the reasons why and how certain events like an increase in the unemployment rate affect a country’s economy and monetary policy which ultimately, affects the level of demand for its currency.
SECTION A
Interpretation of Macro News
How the arrival of macro-news affects the FOREX market’s ability to incorporate the information in currency exchange price announcement.
Discover why news events are so key to forex fundamental analysis, with guidance on how to interpret economic releases data related to GDP, CPI, PPI, NFP, and more.
- How to Read a Forex Economic Calendar
- A Guide to GDP and Forex Trading
- The CPI and Forex: How CPI Data Affects Currency Prices
- How to use the PPI in Forex Trading
- How Forex Traders Use ISM Data
- Purchasing Manager Indices
- NFP and Forex: What is NFP and How to Trade It?
- Quantitative Easing (QE) Explained: Central Bank Tool for Growth
- Strengthening and Weakening Currency
SECTION B
CENTRAL BANK RESPONSIBILITIES
Central banks have been established to fulfil a mandate in order to serve the public interest. While responsibilities may differ between countries
Explores the role of central banks in the financial markets. Learn how the Federal Reserve, European Central Bank, and the Bank of England impact currency prices and trading decisions.
1. How Central Banks Impact the Forex Market
Find out how central banks impact the forex market, and how to use news and key economic events to make trading decisions.
Central banks are mainly responsible for maintaining inflation in the interest of sustainable economic growth while contributing to the overall stability of the financial system. They will intervene in financial markets in line with the defined “Monetary Policy Framework”. The implementation of such policy is highly monitored and anticipated by forex traders seeking to take advantage of resulting currency movements.
2. The Federal Reserve Bank: The central banking system of the United States,The banks are jointly responsible for implementing the monetary policy set forth by the Federal Open Market Committee, and are divided as follows:
- 1st District----Federal Reserve Bank of Boston
- 2nd District----Federal Reserve Bank of New York
- 3rd District----Federal Reserve Bank of Philadelphia
- 4th District----Federal Reserve Bank of Cleveland
- 5th District----Federal Reserve Bank of Richmond
- 6th District----Federal Reserve Bank of Atlanta
- 7th District----Federal Reserve Bank of Chicago
- 8th District----Federal Reserve Bank of St. Louis
- 9th District----Federal Reserve Bank of Minneapolis
- 10th District----Federal Reserve Bank of Kansas City
- 11th District----Federal Reserve Bank of Dallas
- 12th District----Federal Reserve Bank of San Francisco
3. The European Central Bank: A Forex Trader’s Guide/ keep prices stable in the euro area, also contribute to the safety and soundness of the European banking system.
4. The Bank of England: Promoting the good of the people of the United Kingdom by maintaining monetary and financial stability.
5. The Swiss National Bank: Conducts monetary policy as an independent central bank. Its primary goal is to ensure price stability, while taking due account of economic developments, also creates an appropriate environment for economic growth.
6. The Bank of Japan: The BOJ is the Japanese central bank, which is responsible for issuing and handling currency and treasury securities, implementing monetary policy, maintaining the stability of the Japanese financial system, and providing settling and clearing services, also compiles and aggregates economic data and produces economic research and analysis.
7. Central Bank Intervention in the Foreign Exchange Market
8. Hawkish vs Dovish: How Monetary Policy Affects FX Trading
9. Inflation, lowering / raising interest rates
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Course Duration |
| 6 Hours |
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Intake |
| Every Calendar Month |
Course Outline (Knowledge Domains)
INTRODUCTORY CONCEPTS AND PRINCIPLES IN TECHNICAL ANALYSIS.
Section 1 Theory and Concepts of Technical Analysis
- The Basic Theory of Technical Analysis
- The Dow Jones Theory
- The Basic Principle of Technical Analysis - The Trend
Section 2 Key Technical Analysis Concepts
- Trends - The Basics
- Market Turning Points with Support and Resistance
- Breakout
Section 3 Technical Analysis Chart Patterns
- 5 Most Powerful Candlestick Chart Patterns
- Commonly-used Financial Trading Chart Patterns
- Heikin Ashi Chart Pattern Analysis
Section 4 Using Charts In Trend Analysis
- Moving Average for Trading Strategies
- Trendlines in Technical Analysis
- Introduction to the Elliott Wave Principle
Section 5 Technical Indicator Tools
- 4 Effective Trading Indicators Every Trader Should Know
- Your Technical Indicator Toolbox
- Lagging vs Leading Indicators
