7 Steps: Your Introduction to Trading

Explore how price discovery balances buyers' bids and sellers' asks to set market price, and differentiate price from value using tulip mania and Buffett's view.

Explore the forex market participants—central banks and governments, banks and financial institutions, hedgers, and speculators—with examples like Bank of England, Fed, ECB, and Bank of Japan, and hedge versus speculate.

Explore the forex market's size, liquidity, and major and exotic pairs. Learn how long and short positions work and why the U.S. dollar dominates global trading.

Explore how central banks, governors, and interest rates shape forex markets across the US, euro zone, Japan, and Britain, then examine China’s rising role and rapid growth.

Explore the trading platform’s view options, language settings, and toolbars, plus market watch, data window, and strategy tester; navigate indicators and expert advisers, and manage trades to monitor performance.

Explore window options: open a new window to chart USD/CHF, tile windows, maximize and restore by double-click, cascade, and tile horizontally or vertically, then switch to the DAX.

Navigate toolbar one to access new charts, market watch, data window, trading terminal, strategy tester, and indicators like RSI, while placing orders and running scripts.

Learn to read forex charts by analyzing four-hour candles, identifying bullish and bearish candles via open, high, low, and close data. See how prices like AUD/CAD and USD/CHF are read.

Learn to place a USD/SGD trade, set stop loss and take profit, calculate position size with 1% risk, and close the trade when targets are reached.

Learn how event risks from economic data releases, market opening times, and the London fix at 4 pm on month-end drive volatility for intraday traders.

Begin your economic understanding for trading by studying data from forex factory and investing.com, and apply fundamental and technical analysis, including central bank signals.

Learn what technical analysis is and why traders use it, studying chart patterns, past price action, and key levels to judge probable future moves while recognizing risks and opportunities.

Explore Japanese candlesticks and how open, high, low, and close define price action, using long candles and wicks to gauge buyer and seller strength; preview pivot points next.

Identify areas of consolidation by drawing rectangles that mark where buying and selling forces balance, then watch for breakouts in fast-moving markets.

Identify breakouts by watching horizontal support and resistance, wait for strong candle closes to confirm the move, and trade with the trend while accounting for volatility with stops.

Explore on-chart analysis of fakeouts, where price tests a downtrend line, briefly breaks, but fails to close above it, using candle closes as a time filter.

See buyers overwhelm sellers, push prices higher, and watch momentum fade as sellers regain control, signaling reversals and u-turns with retracements.

Demonstrates the MACD indicator, showing how the faster and slower moving averages cross to signal buy and sell moments, while highlighting its lagging nature and use in gauging momentum.

Explore the relative strength index (RSI), identify overbought and oversold levels at 70 and 30, and use highs, lows, and divergence to assess market strength and potential breakouts.

Explore sentiment analysis to gauge market sentiment and determine whether traders are bullish or bearish, while volume indicators and the commitments of traders illuminate market thinking.