Alphachain Global Trader Programme Welcome Pack

GLOBAL TRADER PROGRAMME

WELCOME TO ALPHACHAIN ROUTE TO BECOMING A PROPRIETARY TRADER

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UNDERSTAND THE TERMINOLOGY “Failure to prepare, is preparing to fail.”

This welcome pack will include the steps required before beginning your programme with Alphachain Capital and an overview of what to expect. Having a firm grasp of the most commonly-used market terms will make your entry into the programme much simpler. Some words and phrases you’ll hear over and over again include: Base currency: The currency you are holding. If you’re from the United States, your base currency is most likely the U.S. dollar.

Quote/Term currency: The currency you are going to purchase.

Bid price: The price that your broker would be willing to “bid” or “buy” the base currency you are holding.

Ask price: The price that your broker will “ask” you for in exchange for buying your quote currency of choice. The ask price is always higher than the bid price.

Spread: The difference between the bid price and the ask price. This is the broker’s commission.

Pip: The smallest measurable value of currency movement. The word “pip” is an acronym standing for “percentage in point,” and a single pip is equal to 1/100th of 1% of your currency. For example, if the value of the USD rises by a single pip, that means it increased in value by $0.0001

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ANALYSE THE WORLD ECONOMY “Every battle is won or lost before it’s ever fought.”

Making money trading currencies is about accurately predicting the movement of the global economy. To be a profitable trader, you must convert your base currency into a quote currency set to rise in value, then convert your quote currency back to your base currency when the value peaks.

Research the trading positions and macroeconomics of countries you are interested in purchasing currency from, and you’ll get a great “lead” on which quote currency is worth your investment and which countries have economies projected for growth.

It is recommended to begin reading news from publications such as Bloomberg and Reuters to begin understanding the current climate.

Fundamental analysis: This type of analysis involves looking at a country's economic fundamentals and using this information to influence your trading decisions.

Quantitative analysis: This technique seeks to understand behaviour by using mathematical and statistical modelling, measurement and research.

Technical analysis: Technical analysis involves reviewing charts or historical data to predict how the currency will move based on past events. You can usually obtain charts from your broker or use a popular platform like Metatrader 4.

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PROGRAMME TIMELINE DAY 1 Programme Prep: Induction to trading programme MONTH 1 Theory & Practical Learning Insight into Alphachains risk management rules Practical application of trades in MT4 platform using correct management Access to demo account MONTH 2 Strategy Planning & Testing Back-tests to build statistical research Learn to develop custom indicators / strategies MONTH 3 Further testing & Assessment Develop and finalise trading model Analyse back test statistical evidence and optimise Live trading preparation and risk management Trader Presentations / Assignments End of Programme Feedback Report based on assignment and progression through the training period. CPD Certificate provided on completion of the training.

Begin Trading on Live account with a target of 10%

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RECOMMENDED READING LIST “A well-known Wall Street Trader had gone on a fishing trip for a week, he hired a fly-fishing guide and off they set. By the end of the week not only did the trader catch a 24 pound sea-run brown trout on a fly but returned the favour to his guide by offering him a trading job. He provided a list of books to read and when he finished reading them, to give him a call.”

Please aim to read the following books in this order before and during your course at Alphachain Capital. We believe self-study is as important as completing the programme. In trading you never stop learning.

Technical Analysis: Technical Analysis of the Financial Markets

by John J. Murphy - Compulsory It is considered by many to be the best single source of information on technical analysis.

Getting Started in Technical Analysis

by Jack D. Schwager Technical Analysis Explained

by Martin Pring Psychology: Trading in the Zone

by Mark Douglas Market Wizards; The New Market Wizards; Hedge Fund Market Wizards

by Jack D. Schwager All three books are based around conversations with top traders and hedge fund managers – an insightful look into how the experts go about their trading.

Reminiscences of a Stock Operator

by Edwin Lefevre

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WELCOME TO ALPHACHAIN

20 20 $4.7M IN FUNDED ACCOUNTS ISSUED An Impressive Track Record Of Trading Success

GLOBAL TRADER NETWORK 534 traders funded last year

4.7 STARS ON TRUSTPILOT

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