Eric Mwenda Capital

Forex Training
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Forex Training

KSh 100,000.00

Forex training teaches you how to trade currencies profitably by mastering market analysis, risk management, and disciplined strategies, using demo accounts and expert guidance.

Category:

Description

Forex training on Zoom/Google Meet, combined with real-time trading, is a virtual learning experience where participants learn foreign exchange (forex) trading techniques through live online sessions and apply them in live or simulated market conditions. Here’s a detailed description:

  • Format: Training is delivered via Zoom or Google Meet, allowing real-time interaction between instructors and students. Sessions can include live webinars, one-on-one coaching, or group classes, often lasting 1-2 hours per session. 

  • Content:
  • Courses typically cover:
    • Basics: Forex market structure, currency pairs, pips, leverage, and margin.
    • Technical Analysis: Chart patterns, support/resistance, indicators (e.g., MetaTrader 5 tools).
    • Trading Strategies: Entry/exit points, risk management, and trading plans.
    • Psychology: Managing emotions and developing a trader’s mindset.
    • Platform Use: Navigating trading platforms like MetaTrader 4 (MT4) or proprietary software.
  • Interactive Features:
    • Live screen sharing for real-time chart analysis and trade setups.
    • Q&A sessions for immediate clarification.

    • Quizzes or tasks to reinforce learning.

  • Accessibility: Zoom/Google Meet enables global participation, flexible scheduling, and recording for later review. Programs like The Forex Trading Coach offer private tutoring via Zoom for personalized guidance.
  • Real-Time Trading in Training
  • Live Trading Sessions:

    • Instructors demonstrate trades in real-time, showing how to analyze markets and execute trades. 

    • Participants may trade alongside instructors using demo accounts to practice without risking real money.

  • Real-Time Tools:

    • Platforms like MT5 or TradingView provide live market data, allowing trainees to test strategies.

    • Signal groups (e.g., our WhatsApp channel) share live trade signals for immediate action.

  • Practical Application:

    • Trainees learn to react to live market conditions, such as price action or news events, under guidance.

  • Risk Management: Emphasis on using stop-losses, position sizing, and demo accounts to minimize losses while learning. Real-time trading, even in training, carries risks, with 68% of retail traders losing money due to leverage.

Benefits
  • Immersive Learning: Live Zoom sessions with real-time trading, bridge theory and practice, enhancing understanding.

  • Mentorship: Direct access to experienced traders 

  • Community: Group sessions foster collaboration.

  • Flexibility: Online format suits various schedules and locations.
Challenges

  • Risk of Loss: Real-time trading, even with demo accounts, can lead to overconfidence or emotional decisions when transitioning to live accounts.

  • Information Overload: Rapid market movements during live sessions can overwhelm beginners.

  • Technical Issues: Internet or platform glitches can disrupt Zoom sessions or trading.
Critical Notes

  • No Guaranteed Profits: Forex trading is high-risk; the “90% rule” suggests most traders lose capital within 90 days without proper education.

  • Regulation: Stick to programs affiliated with regulated brokers.

  • Practice First: Demo accounts are crucial for real-time practice before risking real funds.

    Requirements:

. Computer Requirements
  • Operating System:
    • Windows: Windows 10 or later (64-bit recommended).
    • macOS: macOS 10.13 (High Sierra) or later.
    • Linux: Supported for some trading platforms (e.g., MetaTrader 4/5) and Zoom/Google Meet, but check compatibility.
  • Processor:
    • Minimum: Intel Core i3 or equivalent (e.g., AMD Ryzen 3).
    • Recommended: Intel Core i5/i7 or AMD Ryzen 5/7 for smooth multitasking (running Zoom/Google Meet, trading platforms, and charts).
  • RAM:
    • Minimum: 4GB (sufficient for basic Zoom and demo trading).
    • Recommended: 8GB or 16GB for handling multiple charts, platforms, and Zoom simultaneously.
  • Storage:
    • Minimum: 256GB HDD or SSD (for software and data).
    • Recommended: 512GB SSD for faster performance and storing trading journals or recordings.
  • Graphics/Display:
    • Minimum: 1280×720 resolution for clear chart viewing and Zoom.
    • Recommended: 1920×1080 (Full HD) or higher, especially for multi-monitor setups to track multiple currency pairs.
  • Peripherals:
    • Webcam (built-in or external) for interactive Zoom sessions.
    • Microphone and speakers/headset for clear communication during training.
    • Mouse and keyboard for precise navigation on trading platforms.
2. Internet Requirements
  • Speed:
    • Minimum: 5 Mbps download/upload for Zoom video and basic trading.
    • Recommended: 25 Mbps or higher for seamless streaming, real-time data feeds, and low-latency trading.
  • Stability:
    • A stable, uninterrupted connection is critical to avoid missing trades or Zoom session disruptions.
  • Backup:
    • A mobile hotspot or secondary internet source to handle outages, especially for real-time trading.
  • Data Usage:
    • Zoom uses ~1-2GB/hour for HD video; trading platforms use minimal data but require constant connectivity.
    • Ensure unlimited or high-data plans for extended sessions.
3. Software Requirements
  • Zoom:
    • The latest version of Zoom Client for Desktop (download from zoom.us).
    • Ensure compatibility with your OS and test audio/video before sessions.
  • Trading Platform:
    • Common platforms: MetaTrader 4/5 (MT4/MT5), TradingView, or broker-specific platforms..
    • Download from your broker or training provider’s recommended source.
    • Demo account setup for practice during real-time training.
  • Charting/Analysis Tools:
    • Built-in tools in MT4/MT5 or third-party software like TradingView for real-time analysis.
    • Some programs (e.g., G7FX) may recommend specific tools for order flow or volume analysis.
  • Browser:
    • Updated browser (Chrome, Firefox, Edge) for accessing web-based trading platforms or Zoom
4. Additional Requirements
  • Broker Account:
    • Open a demo account and a real account, but for training purposes, we shall be using a demo account with a regulated broker (e.g.Scopemarkets, Litefinance, FXTM) for real-time trading practice.
  • Power Supply:
    • An uninterrupted power source or UPS (Uninterruptible Power Supply) to avoid disruptions during live trading.
    • Laptop battery backup for mobility.
  • Workspace:
    • Quiet, distraction-free environment for focused learning.
    • Comfortable setup for long sessions, with good lighting for video calls.
  • Note-Taking Tools:
    • Digital (e.g., Notion, Evernote) or physical notebook for recording strategies, trade plans, and Zoom session insights.
  • Time Commitment:
    • Flexible schedule to attend live Zoom sessions.
    • Time for practice trading outside sessions, as real-time markets (e.g., London or New York sessions) require active monitoring.

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