A. Financial Market Fundamentals

• What the Forex market is and why it’s the largest market in the world

• Differences between Forex, Futures, and the stock market

• What CFD contracts are and how they work

• Spot market vs. futures market

• Major trading sessions: Asian, London, New York

• Session opening hours (PL time)

• Volatility at different times of day

• Market liquidity and its impact on trades

• Main market participants: banks, funds, retail traders

B. Trading Basics

• Bid/ask spread and the real cost of a trade

• Swap and overnight holding costs

• Pips — what they are and how to calculate their value

• Lot, mini lot, micro lot

• Position sizing based on risk

• Margin call and stop out

• Leverage impact: 1:30 / 1:100 / 1:500

• Long vs. short

• Order types: market, limit, stop, stop-limit

• Take profit, stop loss, trailing stop

• Price gaps and weekend risk

• Demo account vs. live account

• Why demo ≠ live

C. Brokers and Platforms

• Market Maker vs. ECN/STP

• Regulations: FCA, CySEC, KNF

• Broker licenses and registration

• Spreads and commissions (compare at least 5 brokers)

• Maximum leverage in your region

• Minimum deposits

• Withdrawal speed

• Reviews — especially withdrawal issues

• Demo account before depositing

• MetaTrader 4

• MetaTrader 5 (differences vs MT4)

• TradingView — chart analysis

• Chart and template configuration

D. Capital & Account Protection

• Two-factor authentication (2FA)

• Strong, unique passwords

• No logging in on public Wi-Fi

• Negative balance protection

• Fund segregation

• Compensation schemes

• Broker diversification

• Maximum acceptable loss

• Zero borrowed money

• Daily loss limit

E. Prop Trading

• What prop trading is and how prop firms make money

• Prop trading vs. personal account

• Challenge / evaluation process

• Rules: daily drawdown, max drawdown

• Profit split

• Comparison of at least 5 firms

• Reviews and payout reliability

• Why most traders fail the challenge

• Allowed and prohibited strategies

• Trading during news

• Holding positions over the weekend

F. Technical Analysis — Japanese Candlesticks

• Hammer / inverted hammer

• Hanging man vs. shooting star

• Morning star and evening star

• Three white soldiers / three black crows

• Engulfing (bullish / bearish)

• Doji and its context

• Harami

• Piercing line / dark cloud cover

• Pin bar

G. Technical Analysis — Market Structure

• Trendlines (uptrend and downtrend)

• False vs. real breakouts

• Support and resistance

• Supply & demand

• Price channels

• Head and shoulders

• Double tops / bottoms

• Triangles

• Swing high / swing low

• HH, HL, LH, LL

• Trend change based on structure

H. Fibonacci & Waves

• Retracements: 23.6 / 38.2 / 50 / 61.8 / 78.6

• Adjusting levels to the instrument

• Extensions: 127.2 / 161.8 / 261.8

• Elliott Waves — 5 impulse waves

• ABC correction

• Combining Fibonacci with support/resistance

I. Indicators

• RSI (30 / 70)

• Divergences

• MACD — lines and histogram

• Stochastic

• Bollinger Bands (squeeze)

• EMA vs. SMA (21 / 50 / 200)

• ATR for stop loss

• Testing indicator combinations without conflicts

J. Fundamental Analysis

• FOMC decisions

• ECB and EUR/USD

• Economic calendar

• NFP

• CPI and inflation

• Central bank speeches

Correlations:

• AUD/USD ↔ Gold

• USD/CAD ↔ Oil

• U.S. Dollar Index (DXY)

• GDP

• Unemployment

K. Trading Strategies

• Breakout

• Trend following

• Mean reversion

• Scalping

• Day trading

• Swing trading

• Price action

• News trading

• Grid trading

• Martingale (and why it destroys accounts)

• Test at least 20 strategies (most don’t work)

• Backtesting

• Forward testing (minimum 30 days)

• Time-of-day tests: 8:00 / 14:00 / 20:00

• Instrument testing

• Uptrend / downtrend / consolidation

• Results documentation

• Select 2–3 strategies with 6+ months of consistency

L. Building a Trading System

• 3–5 instruments

• Trading hours

• Entry conditions

• Stop loss (pips / candle / ATR)

• Take profit (fixed / trailing)

• Partial position closes

• Risk % per trade

• Position size

• End-of-day rules (loss / profit)

• Written system — mandatory

M. Psychology & Trader Journal

• Journal (Excel / Notion)

• Every trade: entry, exit, reason, emotions

• Weekly review

• Error hours

• Days of the week

• Revenge trading

• Closing profits out of fear

• Moving stop loss

• Daily trade limit

• Break after a loss (min. 15 minutes)

• No trading in a bad mental state

• Losses = cost of doing business

N. Community & Verification

• Comparison of at least 5 communities

• Results from LIVE accounts

• Live vs. demo

• Mentor experience

• Number of active students

• Reviews (Trustpilot / Google)

• Asking the community about real results

• Avoiding “gurus” who only show screenshots