Lex van Dam – Trading Academy – Online Education
The goal of 5-Step-Trading ™ is to give you a good grounding so that when it comes to more aggressive trading methods that I will discuss in later courses you will have a good basis to work from. Even if you are only interested in FX trading this is still a course that will serve you well.
If you purchase the course and you have questions about the material you can either attend one of the special Q&A seminars which will start in Q1 2011 or look in the subscriber FAQ section. Of course you can email me questions which have not been answered in the FAQ section.
Idea Generation
Many traders focus on the wrong information or listen to rumours before they trade. I will explain why this causes losses and I’ll tell you how to generate your own ideas. I will discuss a model that can help predict stock market direction and we will also look at stock market history and economic indicators to help put ideas into perspective. I also give a few tips to help you invest in the right sectors at the right time.
Company Analysis
I will discuss how to take a stock trading idea and decide if the idea makes sense from a valuation perspective. I will show you what is important to look at and what is irrelevant. Company management and research analysts cannot be trusted to give an independent view of a company and its business. You need to do this yourself. I will show you how.
Chart Analysis
I will show you why looking at charts is necessary before you trade. I will teach you how to read a chart properly and show you which techniques should be used and how. We will look at general market indicators to put things into perspective.
Trading Psychology
Trading is one of the hardest things in the world. It is easy to get greedy when it goes well and panic when things go wrong. I will show you how to deal with the pain and improve your mental toughness. Good traders run their profits and cut their losses. I will show you why most people do the opposite. I will teach you how to do a mental check every time before you trade.
Risk Management
I will teach you how to end up with a portfolio of stocks that work well together. Where everything is sized properly, with targets and stop-losses, correctly documented, and where the balance between risk and reward is right. If you don’t do this you are likely to end up with large losses.
