Knowledge to Action Ultimate Forex Trading Training – Day 1
WOW!
I have add an awesome day of Forex training! The Knowledge to Action 2-day Forex training event is living up to its name as a full-packed day of a Forex knowledge dump!
The course started at 9am and would have been a full-house but some for the Brisbane folk did not make it due to the Brisbane flood.
Thats me (red arrow).
Click to view larger
The first day of the 2-day course focus’s on Forex basics which Knowledge to Action talks about as the “environment”.
Thats Dragan Popovic teaching us. Nice bloke and a real Forex trader as well so he was a wealth of information about his own experiences Forex trading.
Topics included:
- What is the Forex market
- All about currency pairs including FX Majors, FX Minors and Crosses
- Price and Pips
- Trend Lines
- Fibonacci
- MACD
- Charts
- Currency Spread
- FX Trading Instruments
- FX Trading Times
- Official opening times by GMT
- NYLON and NYLON Breakouts
- The Carry Trade
- Long and Short Trading basics
- How to read news (that can impact on the Forex markets) and where to find the best news sources related to Forex
- The importance of Pivot Lines
- Things NOT to do in Forex when you are a newbie – VERY IMPORTANT STUFF PROVIDED!!!
- The importance of Risk management and how to work out how much $$ you commit to each trade based on your account size.
and much more!!
As a newbie to Forex I found some of the info a little advanced for my liking but you are given a 350+ page manual on the first day so any items that I was confused about during the course I either asked Dragan during the course or searched for it after the course. The most important part of the course is tomorrow when Dragan teaches the 3 key Knowledge to Action strategies for Forex trading. These strategies have been back-tested and have a good track record at working. The three strategies are:
Forex Income Generator
Ultimate Forex Pivots
Ultimate Forex Sniper Trade
Below is a picture of the live (and REAL) trading floor. Knowledge to Action not only teaches you but also part of your training involves one-on-one coaching with real traders! I’m not 100% sure but I think Knowledge to Action is the only Forex educator that provides this. The trading floor is right next to the course room as well – thats why you see reflections of other people.
What is of key importance to me as a complete newbie is that Knowledge to Action provides a template to execute each strategy so a lot of the guess work is removed. This is vital if you are a newbie as you need a heap of guidance and rule starting out. Once you know your stuff then you can experiment but not in the beginning.
More tomorrow!
If you are interested in another possible option for wealth creation for your retirement or are looking to get out of your day job then keep reading my blog to see how I go.
So first impressions of the Forex trading course? Bloody great!
Great thanks for the update – and I’ve just signed up to your newsletter so I get notified when you’ve added a post here.
Cheers,
Donna
Thanks Donna! Looking forward to paper trading first but its really exciting!
Fantastic. I went to the seminar in Auckland where they were pitching for new recruits. I to am keen on fx and would be keen to know how the next day pans our for you. Looking forward to your next blog.
Awesome! The course was brillant! Now I have to put in the effort and make this work. Knowledge to Action gave me the tools and strategies now its up to me.