The financial markets present opportunities for anyone with internet access to invest in diverse assets and earn income from the comfort of their homes.
For traders to go from beginners to profitable professionals, they require intense focus, discipline, financial analytics, trading skills, and a broker that prioritizes their clients’ excellence.
OANDA Smart Trading Masterclass
OANDA is a Singapore forex broker committed to providing traders with access to financial markets through robust services and trading products, excellent customer service, and compliance with government regulations. In pursuit of customer satisfaction and success, OANDA offers trading education via webinars and events and special live classes, such as the Smart Trading Masterclass.
The Masterclass is a live physical workshop at the Big Picture Theatre, Level 9 Capital Tower, 168 Robinson Road, Singapore, 068912. This workshop is specially organized for OANDA clients in Singapore to grasp the basic and advanced trading concepts and become confident, profitable traders.
The Masterclass also explores OANDA’s robust trading ecosystem, gaining competence in the tools and features available on the trading platform and learning the principles and strategies of financial markets. The event is designed to push traders beyond limits to reach their potential as profitable investors. Traders who cannot access the live physical class can access the live training videos by completing an online contact form, which grants access to the videos. The Masterclass is open to OANDA premium customers.
The courses are organized into two categories: the basic and advanced levels.
Basic Trading Courses
The Masterclass starts with courses that establish the basic principles and concepts of financial trading. Completing these courses helps traders build solid foundations for advanced classes.
Introduction to Technical Analysis and Market Cycle
Technical analysis involves forecasting market direction by analyzing historical market data, such as price and volume, and recognizing repeatable patterns. Technical analysis employs tools like indicators, charts, and drawing tools. The video covers analysis on different timeframes and explains how to analyze markets effectively.
The lesson also covers the market cycle, explaining how financial markets move in different phases: accumulation, manipulation, and distribution. The market cycle is a crucial knowledge that helps traders understand market behavior and plan their trades accordingly. Traders also learn about the different market sessions (Sydney, London, New York, Tokyo) and how they impact markets.
Technical Trading Strategies
The next lesson teaches four technical strategies for the basic level: swing trading, day trading, position trading, and scalping. Swing traders open positions from one swing to another, allowing prices to move from demand to supply or vice-versa before closing.
Day traders open and close all positions within a trading day, often overlapping sessions. Position traders hold trading positions for extended periods, expecting the price to move in their predicted direction in the long run. Scalp traders buy and sell assets quickly, taking small profits from quick trades.
Principles of Support and Resistance
Support and resistance are crucial concepts in every financial market because they give insight into trading behavior. They are psychological price levels where asset prices are most likely to react.
Support is a lower price level to which bears (sellers) have driven the market and where they may taper off and allow the bulls (buyers) to reverse the price. A resistance level is the opposite, where bulls may taper off and enable bears to take over. The lesson explains the concept, principles, and use of support and resistance in trading.
Trading With Key Reversal Japanese Candlestick Patterns
Japanese candlesticks are the most popular type of chart used for financial analysis. Their anatomy tells traders how prices form and how markets move. Two or more candlesticks form a pattern, and there are different types of patterns, including reversal and continuation patterns.
Reversal patterns are powerful because they are mostly accurate in predicting price reversals. The video explains the various reversal candlesticks and patterns and the principles of using them effectively for analyzing and trading markets.
Using Technical Indicators to Gauge Trends and Momentum
The workshop also addresses using technical indicators to track market momentum and trends. Different indicators are available for trend, volume, momentum, and volatility.
Trends refer to the market direction, either in an uptrend or downtrend, while momentum describes the speed at which markets move in a direction. Traders often prefer markets with clear trends and direction as they provide the best opportunities for making profits.
The course will also cover other basic topics, such as market operations, risk management, and aspects of fundamental analysis.
Advanced Trading Courses
Advanced lessons introduce concepts that deepen traders’ understanding of markets and enhance their trading skills for better returns. Advanced trading skills are not necessarily more complex but give traders a different view of the market.
Volatility Breakout Strategy
Volatility breakouts signal the start of a new trend and, when captured, position traders for the most profits. The strategy’s concept is to identify increased market volatility and find breakouts above resistance and below support levels for the start of bullish and bearish trends, respectively. The workshop teaches this strategy in-depth.
Multi-time Frame Trend Trading Strategy
The Masterclass also teaches this strategy, often called top-down or down-top analysis. The multi-timeframe analysis involves tracking price changes across multiple timeframes to determine the market trend and identify opportunities.
This strategy accounts for the possibility of different trends on different timeframes; for example, the weekly chart may show a solid bullish trend while the 15-minute trend is strongly bearish.
Counter-trend Trading Strategy
Traders will also learn the counter-trend strategy, which exploits temporary price reversals against the market trend. Counter-trend trading is quite complex and requires advanced trading skills to be used successfully.
