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The FX Power Course teaches you trading strategies observed from the successful traders who trade on our trading platform each day. The FX Power Course combines the trading experiences of traders in the foreign exchange, futures, and equities markets and condenses all the available resources into one course. This helps us formulate strategies for high-probability profitable trading, and build the confidence and discipline to adhere to those strategies.

 

Level: Beginner

Cost: US$19.99

 

Why take this course?

• Experienced trainers

The instructors are seasoned traders with years of market experience. Instructors are encouraged to trade forex themselves and put to test what they teach. If you have a question or want personalized feedback, instructors are available around the clock to guide you while you learn to trade.

 

• Interactive instruction and feedback

The course instructors will issue you a special demo account and give you constructive feedback on your trades. Because the course operates 24 hours a day, you can ask questions and receive immediate responses, regardless of where you live or when you trade.

 

• Learn from the successes of other traders

Having educated thousands of students, we have seen what works for some traders and what causes others to fail. The FX Power Course teaches the secrets of these profitable traders.

 

• Learn from the failures of other traders

We also teach you what NOT to do! Bypass costly "beginner" mistakes. We will teach you what to watch out for and what to avoid - before you trade with real money.

 

• Money back guarantee

If you are not completely satisfied with the course, you can cancel anytime before half of the course is completed and receive 100% of your money back.

 

*Unique experiences and past performances do not guarantee future results. Testimonials herein are unsolicited and are non-representative of all clients.

• One lesson per day

There is a new lesson every day, except on Saturday and Sunday. You simply log-in to view the day's lesson.

 

• Question and answer sessions

During each lesson you have the opportunity to post questions for the instructors or to discuss ideas with fellow students.

 

• Assignments and quizzes

Following most lessons, there is an assignment or a quiz. The assignments and quizzes help you learn and recall the lesson's material. Instructors will provide individualized feedback based on the assignments.

 

• Trade alongside a professional

The FX Power Course provides an opportunity to practice trading and gain valuable insight on how to improve your trading.

 

• Study at your own time

Instructors are available 24 hours a day, 5 days a week. You don't have to change your life to take the FX Power Course. As long as you have 45 minutes to an hour a day of free time, you can fit the FX Power Course into your schedule without sacrificing the benefits of a classroom environment and personal instruction.

 

• Alumni forum

We are pleased to introduce your very own discussion forum, designed exclusively for FX Power Course students, past and present. This forum is intended to provide a place where all Course Alumni can join one another 24 hours a day, 7 days a week. In addition, the course instructors may jump on from time to time, with additional lessons, chart patterns, as well as general market analysis.

 

*Unique experiences and past performances do not guarantee future results. Testimonials herein are unsolicited and are non-representative of all clients.

Course Reimbursement Offer

 

We are currently offering a special promotion to new students who enroll for the FX power course. Below are the requirements for a full reimbursement of your online courses:

 

Enroll in the FX power course. If, prior to completing the course, you open and fund:

 

a 1K (Micro) account with the minimum funding requirement of $1,000, or

a 10K (Mini) account with the minimum funding requirement of $2,500, or

a 100K (Standard) account with the minimum funding requirement of $25,000,

the full price of the course will be reimbursed.

 

To receive the reimbursement, please email orders@fxpowercourse.com and submit a written request for the reimbursement. The subject line will need to state "Reimbursement".

 

*Unique experiences and past performances do not guarantee future results. Testimonials herein are unsolicited and are non-representative of all clients.

 

The FX Power Course (the Course) is a product of FX Power LLC and is not affiliated with MF Global FX or MF Global Canada Co. MF Global FX assumes no responsibility for any errors, inaccuracies or omissions in the Course. MF Global does not warrant the accuracy or completeness of the information, text, graphics, links or other items contained in the Course.

 

Relative Strength Index (RSI)

 

What is RSI?

RSI is an indicator that falls under the category of oscillators, and it is an extremely simple indicator to use. RSI works well in range-bound markets, but it has limited value in trending or breakout markets. RSI was created by Welles Wilder, who also created ATR, Parabolic SAR and other well-known indicators.

 

The Concept of Oscillators

Oscillators are chart studies that are designed to show the strength of the current price in relation to the recent price action. As such, they display the short term momentum of the market, giving signals that the bias of the market is shifting before the price actually changes directions.

The principle upon which oscillators are based is that of regression to a mean. Essentially, a large part of a statistical sample should be within a certain number of standard deviations from the mean of the sample, and if the price strays too far from this center, then it will likely revert back to the rest of the sample. In terms of trading, the price should not rise or fall too far in too short a time.

Oscillators are not usually displayed on the same graph as the price itself, but are most often placed at the bottom of the chart to show that the fluctuations do not occur on the same scale as the price movement.

 

What RSI Does

Like all oscillators, RSI offer indications of when a currency pair is overbought/oversold. RSI essentially calculates the strength of all upward candles (green) against the strength of all downward candles (red) over the course of the specified time frame.

 

Parameters

When pulling up RSI on a chart, the charting application will prompt you to select how many periods you would like to include in your study. The most commonly number used is 14, and most traders do not alter this default setting. Some traders do use 9 or 25 period RSI's instead of the standard 14. Of course, increasing the number of inputs will decrease the number of signals and increase the reliability of these signals. Decreasing the number of inputs would have the opposite effect.

 

How to Use RSI in Trading

• Can be used to determine overbought/oversold levels.
• Used to spot divergences, which indicate potential weaknesses in trends.

 

Overbought/Oversold

 

If RSI is above 70, the pair is considered to be overbought. Some traders enter short at this point, but this can be dangerous as the price may still be rising. Enter short when the RSI crosses back under 70, as this may indicate that the momentum has turned. If the RSI is below 30, the pair is considered to be oversold; enter when RSI crosses back above 30. Like most oscillators, RSI works best when the market is range-bound – in other words, when the market is expected to simply gravitate between an upper and lower level. In trending or momentum-driven markets, using the overbought/oversold levels offered by RSI is generally of limited value.

 

 

Divergence

 

RSI can also be used to signal when a trend is weakening. If a currency pair makes new highs in its price but RSI does not – meaning there is divergence between the price movement and RSI – it may signal that the trend is not strong, and that a reversal may be imminent. If candlestick patterns confirm, a trader can use this as an opportunity to enter a position.

 

 

*Unique experiences and past performances do not guarantee future results. Testimonials herein are unsolicited and are non-representative of all clients.