In  the following section we are going to give you a "sneak peak" at some of the training you can expect in


V.I.R.T.® Professional Tutor

for

Forex and CFD Traders 

 

        Click and wait for video to load

1. Forex Novice Course

 

 We will show you:

Module 2

  • Times and time frames

Module 3

  • Technical Analysis

  • Patterns: Head-and-Shoulders

  • Scenarios: Market Cycle Models

Module 4

  • Profit Locking Techniques

  • Setting Goals

  • Risk Management

Module 5

  • Indicators

  • Banded Oscillators

  • Probability Work Sheet

Module 6

  • Track Records

 Module 2
Click and wait for video to load

In module 2 you will be shown the tools used to build your trading business, what to do to become a successful trader, how to build the right expectations, how to frame your trading time, how to exercise discipline and in-depth training on the software.

For now we will show you some of the features mentioned above.

Before you can start you need to establish your time frame. What we are going to discuss here is the human reality vs. market reality. As humans, we may have a certain way we do things everyday. We have routines.

 You and your reality




Your daily routine might sound like this.

You get up in the morning at 6 o’clock and prepare for the day. Either you go to work or play golf. You have tea at 11 o’clock, lunch at 1 o’clock, finish work at 4.30, play with the dogs or children, at 5.30 spend time in the gym and have supper at, 7 o’clock.

This is your reality as a person.

 Let's look at the market reality 

As we know by now, the Forex market is fully decentralized and traded through a computerized intra-bank system, unlike other investment markets that trade on central exchanges. There are no official opening and closing hours for trading, keeping the market open around the clock. The market opens on Sunday night (8:00 PM EST) and remains active until closing hours on Friday afternoon (3:00 PM EST), providing nearly six full days of activity. The market only closes on world holidays and is traded in five major world markets.

The chart below lists the major world markets' opening and closing times (EST) along with the daily trading volumes.

World Markets  Open  Close  Daily Volume
Australian 3 PM 11 PM   3%
Asian  7 PM 3 PM 27%
Europe 2 AM 11 AM 18%
United Kingdom (London) 3 AM 13 PM 32%
United States 8 AM 2 PM 20%

The market moves from Monday to Friday. Every trade done anywhere in the world shows on the charts as the market changes and the prices are updated. Eight hours out of every 24 hours, are more active than the rest of the day. Banks, hedgers and crowds move these markets and only on weekends do the markets rest.

This is market reality.

The chart below illustrates the three major markets and the time zones these markets are open.

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   New York           London               Tokyo           

 

 Module 3

Module 3 is probably one of the most important sections of the training modules. Here you learn all about the technical issues and terms that traders use to determine whether a market is tradable or not. Here we discuss: what the market is, what makes the market move, charts and candle sticks, market predictability in trends, support and resistance, peaks and troughs, drawing trend lines, price patterns, positioning yourself in the correct scenario and how fundamentals influence your trading.

The below content is to give you an idea of what you can expect in module 3.

 Technical Analysis

The Art of Technical Analysis
The Art of technical analysis is not perfect and we must remember that we always deal in probabilities and never certainties and keep the analysis as simple as possible.

 

 

 

 

 Patterns: Head-and-Shoulders

Head-and-shoulders is one of the most common and certainly the most notorious of the various price patterns. These patterns occur as reversals, both up and down, and as continuation or consolidation formations. The pattern is as follows:

  1. Sellers come in at the highs (left shoulder) and the downside is probed (beginning neckline.)

  2. Buyers soon return to the market and ultimately push through to new highs (head.)

  3. However, the new highs are quickly turned back and the downside is tested again (continuing neckline).

  4. Tentative buying re-emerges and the market rallies once more, but fails to take out the previous high. (This last top is considered the right shoulder.)

  5. Buying dries up and the market tests the downside yet again.

  6. Head-and-shoulders tops mark the end of up trends on low volume.

  1. The classic head-and-shoulders consists of the rally, the head, separated by two smaller (though not necessarily identical) rallies known as the left and the right shoulders.

  2. It is possible to construct a trend line joining the low of the left shoulder and the head. This is known as the neckline.

  3. The neckline does not have to be horizontal: it may be flat, rising, or falling.

  4. The pattern is completed when the price breaks decisively below the neckline.

  5. The lower peak is at X and the neckline marks the breaking of the preceding low. The violation of the neckline B confirms that a series of declining peaks and troughs is now in force.

  6. After breaking the neckline, prices sometimes pull back to it.

  7. There is an excellent opportunity to short the market when prices pull back to the neckline from below on low volume. The distance from the top of the head to the neckline (H) provides a target for profit.

  8. Measure the distance from the head to the neckline, and project it down from the breakout point to obtain a minimum ultimate price objective.

  9. The deeper the pattern the greater its importance.

 

 Scenarios: Market Cycle Models

 

 Module 4

In module 4 you learn the valuable lessons of how to manage your money through risk management, profit targeting, where to place stops, applicable psychology and how to draw up your trading business plan. In the information following you get an idea of the sections taught in this module. 

 Profit Locking Techniques

Editing stops and capturing profits

Once you are in a trade you can capture you profit by removing your limit order and editing your stop the following way.

For example:

Let us assume that trading is long and one entered the Euro at 1.6010. The market moves to 1.6040 and retraces to 1.6025. The market goes to a new high of 1.6070. If one were chasing the market, one would be constantly moving one's stop and placing it at the low or a few pips below the low, locking in profit. Should the market reverse, it would stop one out.

 

 Setting Goals
 


We all have dreams and hopes about things we want if everything goes well. A goal is not just a pipe dream, it is an objective. It is something we work hard towards. Once you start setting goals, you are serious about becoming a successful trader.

Are your goals achievable? If you set a goal that is unrealistic, you are setting yourself up for failure. A new trader who sets the goal of making $20 000 with a $3000 account in the first month may be setting himself up for major disappointment. It is possible for a new trader to accomplish this goal. Probably somewhere in the world a trader has done this, but you will agree that this would be the exception and rather than the norm.

Setting effective goals requires that you start doing your homework. Do not write down what you hope will happen, write down what you truly believe is going to happen.

 

Risk Management



Extensive testing has shown that the maximum amount a trader may lose on a single trade without damaging his long-term prospects is 5 percent of his equity. This limit includes slippage.

  • On a $20,000 account, you may not risk more than $1000 on any trade

  • On a $100,000 you may not risk more than $5000 on a trade

  • On a $10 000 account you may not risk more than $500 on a trade

  • On a $3000 account never risk more than $150

Most amateurs shake their heads when they hear this. Many have small accounts and the 5 percent rule spoils their dreams of quick profits.

Most successful professionals, on the other hand, consider the 5 percent limit too high. They do not allow themselves to risk more than 1 or 1.5 percent of their equity on any single trade. The 5 percent rule puts a solid floor under the amount of damage the market can do to your account. Even a string of five or six losing trades will not cripple your prospects. 



In any case, if you are trading to create the best track record, you will not want to show more than a 6 percent or 8 percent monthly loss. When you hit that limit, stop trading for the rest of the month. Use this cooling off period to re-examine yourself, your methods, and the markets. The 5 percent rule keeps you out of riskier trades.

When your system gives an entry signal, check to see where to place a logic stop. If that exposes more than 5 percent of your account equity - pass up that trade. It pays to wait for trades that allow very close stops. Waiting for them reduces the excitement of trading but enhances profit potential. You choose which of the two you really want. The 5 percent rule helps you decide how many contracts to trade.

For example, if you have $20,000 in your account, you may risk up to $1000 per trade. If your system flags an attractive trade with a $575 risk, then you may trade only one contract. If the risk is only $275, then you can afford to trade two contracts. This can determine if you are going to be in the trading business for a long or short time.

 

 Module 5

In module 5 you will learn about indicators, bear and bull fields of moving averages and the MACD and the stochastic indicators. Following is some of the content you can expect.

 

 The Use of Indicators

This module is designed to introduce the concept of indicators and explain how to use them in your analysis. Indicators are grouped into two main categories:

  • Leading indicators
    A leading indicator is one that indicates where support or resistance is likely to be, before the market gets there.

  • Lagging indicators
    A lagging Indicator is one that requires market action before the indicator turns. It confirms support or resistance rather than predicts it.

It s always easy to analyze a chart with the benefit of hindsight. It is quite another matter to analyze a chart in real time, with actual trading decisions dependant on the outcome.

With this in mind, we will look into the benefits and drawbacks of the indicators discussed in this module. 

Later in this module we will turn our focus to specific indicators and provide examples of signals in action.

Definition of an Indicator

An indicator is a formula that is applied to the currency price data, it consists of a combination of the open, high, low, or close over a period of time. The price data are entered into the formula and a data point is produced.

For example, the average of five closing prices on the Euro is one data point (1.0833 + 1.0834 + 1.0835 + 1.0836 + 1.0837/5 = 1.0835). However, one data point does not offer much information and does not make an indicator. We need a series of data points over a period of time to create valid reference points and to be able to do our analysis. Indicators can provide unique perspective on the strength and direction of the underlying price action.

Rules for Using Indicators

Indicators serve three broad functions: to alert, to confirm and to predict.

  1. Indicators indicate. Traders tend to ignore the price action of a chart and focus solely on an indicator.

  2. An indicator can act as an alert to study price action a little more closely. It may be a signal to watch for a break of support or resistance.

  3. Even though it may be obvious when indicators generate buy and sell signals, the signals should be taken in context with other technical analysis tools.

  4. Indicators can be used to confirm other technical analysis tools. If there is a breakout on the price chart, an indictor could confirm the breakout.

  5. When choosing an indicator to use for analysis, choose carefully and moderately. Attempts to cover more than five indicators are usually futile. It is best to focus on two or three indicators and learn their intricacies thoroughly.

 

 Banded Oscillators

Banded oscillators fluctuate above and below two bands that signify extreme price levels. The lower band represents oversold readings and the upper band represents overbought readings. These set bands are based on the oscillator and change little from currency to currency, allowing users to identify overbought and oversold conditions easily.

 

Probability Worksheet

A probability worksheet will help you with the context analysis of the market. It is vitally important to determine whether or not a market is suitable for trading or not, and the direction in which the highest probable move will occur. Trading within these high probability areas will greatly increase your trading profitability. Below you will find a worksheet that has already been completed. In module 5.5 we explain exactly how we got to the example below. 

Your Probability Worksheet will look something like this:

Trend Primary - Bull/Bear Secondary - Bull/Bear Current - Bull/Bear
Scenarios
Secondary/Primary 4 5 6 7 8 9 Current/Secondary 4 5 6 7 8 9
4 Hour  
MACD Bull Fresh Strong Staggering Old  Dead Neutral Dying
  Bear Fresh Strong Staggering Old  Dead Neutral Dying
Stochastic Bull Fresh Strong Staggering Old  Dead Neutral Dying
  Bear Fresh Strong Staggering Old  Dead Neutral Dying
Patterns  
1 Hour   
MACD Bull Fresh Strong Staggering Old  Dead Neutral Dying
  Bear Fresh Strong Staggering Old  Dead Neutral Dying
Ind 75 Bull Bear            
MVA Bear Field Bull Field Even Field
Patterns  

 

This probability worksheet gives you context for this specific currency. The first important thing is that both scenarios are 4. This bodes very well for high probability trades in a bullish direction.

Looking at the indicators, we see an overall bullish picture, with only the stochastic giving a contradictory view. It is important to remember that context is about the bigger picture. If you look at your probability sheet, do you get an overall bullish or overall bearish impression?

Depending on the type of entry system you apply, you will decide whether to use both scenarios or maybe only one (Refer to Module 6). Also the type of indicators we use have been chosen because of their various attributes (Refer to Section 5.1 - 5.3). It is quite possible for you to end up using different indicators or no indicators at all - it all depends on the final entry system that you apply within your context analysis. 

Using trend analysis and the probability worksheet to define context within the market is an excellent way to start your trading day.

 

 Module 6

In Module 6 you will learn why a probability study is necessary and what is required to compile such a study.

Below you will find an extract of one of our Track Records. Here you can get a very good idea of how your Track Record should look. It provides you with detailed information of the date and time of your trades, the currencies you traded, lots, pips, profits and losses, equity and so on.

Account Holder: _____________________ 

Username: _________________________

                            Startup Capital: $3000 - 00

Trade # Date Time Cur S/B Risk Factor Lots Traded E@ S@ Exit@ Profit/Loss Pip P/L Equity
1 10 July 05:00 GBP/USD B  2.33% 1 1.5472 1.5469 1.5486 $100.00 10 $3100.00
2 10 July 06:00 EUR/USD B 3.22% 1 0.9916 0.9910 0.9930 $100.00 10 $3200.00
3 11 July 14:30 GBP/USD B 3.12% 1 1.5459 1.5453 1.5473 $100.00 10 $3300.00
4 16 July 19:30 GBP/USD B 6.00% 1 1.5738 1.5722 1.5752 $100.00 10 $3400.00
5 16 July 09:00 USD/JPY S 4.59% 1 116.09 116.24 115.95 $82.20 10 $3482.20
6 16 July 19:30 USD/CHF S 1.97% 1 1.4512 1.4518 1.4498 $68.90 10 $3551.10
7 16 July 20:00 EUR/USD B  2.25% 1 1.0109 1.0105 1.0123 $100.00 10 $3651.10
8 17 July 07:30 USD/JPY B 1.65% 1 115.97 115.94 116.11 $86.10 10 $3737.20
9 18 July 13:00 GBP/USD B 2.14% 1 1.5665 1.5661 1.5661 $80.00 8 $3817.20
10 22 July 17:30 USD/JPY B  2.46% 1 116.36 116.29 116.50 $85.50 10 $3902.70
11 24 July 09:30 GBP/USD B 2.56% 1 1.5650 1.5644 1.5644 -$100.00 -10 $3802.70
12 25 July 13:30 GBP/USD B 3.41% 1 1.5764 1.5755 1.5755 -$130.00 -13 $3672.70
13 2 Aug 06:00 GBP/USD S 1.90% 1 1.5618 1.5621 1.5604 $100.00 10 $3772.70
14 2 Aug 13:00 EUR/USD S 3.44% 1 0.9862 0.9871 0.9848 $100.00 10 $3872.70
15 5 Aug 17:00 USD/USD B 2.06% 1 1.4774 1.4766 1.4788 $67.70 10 $3940.40
16 8 Aug 06:00 USD/CHF B 2.07% 1 1.4957 1.4950 1.4950 $74.49 10 $4014.89
17 12 Aug 08:00 GBP/USD S 3.23% 1 1.5249 1.5258 1.5258 -$130.00 -13 $3884.89
18 13 Aug 09:30 EUR/USD B 2.06% 1 0.9783 0.9779 0.9797 $100.00 10 $3984.89
19 13 Aug 16:00 EUR/USD B 3.51% 1 0.9786 0.9776 0.9800 $100.00 10 $4084.89
Trade # Date Time Cur S/B Risk Factor Lots Traded E@ S@ Exit@ Profit/Loss Pip P/L Equity

 

 

2. Forex Advanced Course

 


Getting to know Advanced Fibonacci.



Module 1 consists of seven sections and a quiz at the end of each section. 

In these sections you will learn:

  • Overview on number Series

  • Brief History

  • Basic Description on Using Fibonacci Levels

  • Trend

  • Simple Moving Average

  • Using the MACD and Stochastics

  • Advanced Reversal Formations

  • Continuation Patterns

  • Advanced Continuation Patterns

  • Trend Moves

  • Thrust Moves

  • Confluence Areas

  • Expansion Levels

  • Application

  • Price Action in Context

  • Fibonacci Context Analysis

  • Trading Fibonacci Levels

At the end of this module you will be asked to complete an assignment and forward it to the training class where a professional trader will mark your assignment and communicate directly with you via e-mail regarding your progress.

 

Getting to know the Rule of 8 Approach.



 

 

 

 

 

 

 

Module 2 consists of three sections and a quiz at the end of each section. 

In these sections you will learn:

  • Background

  • Dynamics

  • Rule of 8 for Analysis Purposes

  • Rule of 8: Basis for a Trading System

  • The Entry

  • The Stop

  • The Exit

  • Conclusion

At the end of this module you will be asked to complete an assignment and forward it to the training class where a professional trader will mark your assignment and communicate directly with you via e-mail regarding your progress.

 


Getting to know Basic Fundamental Approach.



Module 3 consists of 5 sections and a quiz at the end of each section. 

In these sections you will learn:

  • UK Economic Indicators

  • US Economic Indicators

  • Analyzing past Figures and Record Keeping

  • Analyzing Daily Currency Ranges

  • Combining a Technical Approach and the Importance of Technical Levels

  • Technical Application

  • Bringing the Analysis Together

  • Applying a Basic Trading System

  • Psychology

At the end of this module you will be asked to complete an assignment and forward it to the training class where a professional trader will mark your assignment and communicate directly with you via e-mail regarding your progress.

 

Getting to know System Development.



Module 4 consists of five sections and a quiz at the end of each section. 

In these sections you will learn:

  • The Individual

  • Choosing the right market

  • Personal Objectives

  • Selecting a Timeframe

  • Trending Environments

  • Fundamentals

  • Identifying a set-up and Timing

  • The Stop

  • Profit Targets and Exits

  • Expectancy applied to a Trading System

  • Position Sizing

At the end of this module you will be asked to complete an assignment and forward it to the training class where a professional trader will mark your assignment and communicate directly with you via e-mail regarding your progress.

 
 
1. CFD Novice Course

 

Getting to know the terminology.



Module 1 consists of  six sections and a quiz at the end of each section. 

In these sections you will learn:

  • What are CFD's

  • The benefits of trading CFD's as opposed to Stocks

  • Weakening and strengthening

  • buying and selling

  • Margin

  • Bid & Ask

  • Contract size

  • Dealing Spreads and commissions

  • Interest Payments

  • Dividends

  • Compare CFD's to Spread Betting

 

 

Preparing for your trading career

  • the tools used to build your trading business

  • what to do to become a successful trader

  • how to build the right expectations

  • to frame your trading time

  • how to exercise discipline

  • in-depth training on the software

    • >

 

 

 


 


How to get to know the market and position yourself in a position with the highest probability to trade profitably

 


Module 3 consists of seven sections and a quiz at the end of each section. In these sections you will learn:

  • what the market is

  • what makes the market move

  • about charts and candle sticks

  • the market predictability in trends

  • support and resistance

  • peaks and troughs

  • drawing trend lines

  • price patterns

  • positioning yourself in the correct scenario

  • how fundamentals influence your trading

Each section contains practical lessons, which are easy to follow. At the end of this module you will be asked to complete your assignments and forward them to the training class where a professional trader will mark your assignments and communicate directly with you via e-mail regarding your progress.

 

Learn how to protect your capital and become a professional




 

  • the valuable lessons of money management

  • risk management

  • profit targeting

  • where to place stops

  • applicable psychology

  • how to draw up your trading business plan

 

 


 


 

Indicators and probability studies



 

  • indicators

  • the bear and bull fields of moving averages

  • the MACD and the stochastic

You will be given a probability worksheet which you will use for years to come.

 
 


 

 

  • Get Set, Ready, and Go!

    • to do your checklist before trading (like a pilot before a flight)

    • entry point systems that have been traded successfully for many months

    • a track record of every trade

 
 


 

Get Set, Ready, and Go!

Module 6 consists of seven sections. In this module you will learn why we need to do a probability study and what is required to compile such a study. We will show you how:

  • to do your checklist before trading (like a pilot before a flight)
  • entry point systems that have been traded successfully for many months
  • a track record of every trade


 

2. CFD Advanced Course

 

CFD Advanced - Module 1: Index - Getting to know Advanced Fibonacci

 

Getting to know Advanced Fibonacci.

 

Module 1 consists of seven sections and a quiz at the end of each section.

In these sections you will learn:

  • Overview on number Series
  • Brief History
  • Basic Description on Using Fibonacci Levels
  • Trend
  • Simple Moving Average
  • Using the MACD and Stochastics
  • Advanced Reversal Formations
  • Continuation Patterns
  • Advanced Continuation Patterns
  • Trend Moves
  • Thrust Moves
  • Confluence Areas
  • Expansion Levels
  • Application
  • Price Action in Context
  • Fibonacci Context Analysis
  • Trading Fibonacci Levels

At the end of this module you will be asked to complete an assignment and forward it to the training class where a professional trader will mark your assignment and communicate directly with you via e-mail regarding your progress.


 

CFD Advanced - Module 2: Index - Getting to know the Rule of 8 Approach

 

Getting to know the Rule of 8 Approach.

 

Module 2 consists of three sections and a quiz at the end of each section.

In these sections you will learn:

  • Background
  • Dynamics
  • Rule of 8 for Analysis Purposes
  • Rule of 8: Basis for a Trading System
  • The Entry
  • The Stop
  • The Exit
  • Conclusion

At the end of this module you will be asked to complete an assignment and forward it to the training class where a professional trader will mark your assignment and communicate directly with you via e-mail regarding your progress.


 

CFD Advanced - Module 3: Index - Getting to know Pairs Trading

 

Getting to know Pairs Trading.

In these sections you will learn:

 
  • Evening out the total market movement
  • Slanting the trade to favour a direction
  • What to be on the look out for

  • Module 3.1. Economic Indicators

    • Evening out the total market movement
    • Slanting the trade to favour a direction
    • What to be on the look out for


 

CFD Advanced - Module 4: Index - Getting to know System Development

 
 

Getting to know System Development.

Module 4 consists of five sections and a quiz at the end of each section.

In these sections you will learn:

  • The Individual
  • Choosing the right market
  • Personal Objectives
  • Selecting a Timeframe
  • Trending Environments
  • Fundamentals
  • Identifying a set-up and Timing
  • The Stop
  • Profit Targets and Exits
  • Expectancy applied to a Trading System
  • Position Sizing

At the end of this module you will be asked to complete an assignment and forward it to the training class where a professional trader will mark your assignment and communicate directly with you via e-mail regarding your progress.