The Applied Financial Trading Internship is stage one in the career and trader progression path. It provides a thorough and decisive introduction to the financial markets, which upon completion, leaves students with a solid foundation to hone and improve their trading skills. The course is based specifically on Foreign Exchange (FX) and is broken down into 3 distinct categories, Technical Analysis, Fundamental Analysis and Trade Psychology.
Technical analysis, as the study of past price movements, provides the majority of the courses’ content. Both the lecturers and the professional traders see this as the primary technique required to begin the journey towards a successful career in trading. Fundamental analysis is the study of macro-economic data and students are taught specifically how this is likely to affect the currency market. The course explains how and why news releases affect the price of currency and introduces students to ways in which these can be traded.
During the development of both technical and fundamental techniques students are encouraged to trade using a simulation account, which allows exposure to the 3rd topic- Trade Psychology. Trade Psychology is a fundamental aspect to trading and is the reason why the majority of traders are unable to be consistently profitable. Tight control over risk, along with the psychology behind winning and losing trades underpin both technical and fundamental analysis as without this, good trade ideas are poorly executed.
Students who have successfully completed the one month course are in a position where they have obtained extensive market knowledge from their technical, fundamental and psychological education. Standing alone, the one-month course is a substantial step towards trading successfully but for traders to continue to grow and become consistently profitable, further application and development of techniques is required.