In this episode the traders get to grips with the global currency markets; learning to trade foreign exchange instruments (more here). The traders receive advice on trading strategies and tactics from the mentors, and then are set loose on the forex markets. FX trading in particular is a very interesting form of trading as it often involves high leverage and the market can move and react to global events in an instant. You need to manage risks, know where the trend is, be aware of global macro events and form a view on where the data will print. Whether you trade on fundamentals or on price patterns you need a solid strategy and a strong trading approach - and of course you need to master your trading psychology. Watch the traders in action and learn from others. See also: Episode 1 (meet the candidates), Episode 2 (FTSE Fundamentals), Episode 3 (Global Indices), Episode 4 (Stocks and Shares) and Million Dollar Traders (a similar apprentice-style trading competition where the aim is to train a successful hedge fund manager). Be sure to add your comments below.
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Finance Documentaries: http://www.financedocumentaries.com/2013/04/trading-academy-episode-5-trading-fx.html