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Forex Trading: Complete Guide for Beginners
Rating: 4.5 out of 5(94 ratings)
298 students

Forex Trading: Complete Guide for Beginners

Learn the basic concepts of the Forex Markets in your quest to financial dominion. Learn from a Forex Trading Master.
Created byCalvin Ryon
Last updated 2/2018
English

What you'll learn

  • Understand the basic technical and fundamental aspects of the Forex markets. They will also understand how to properly navigate and use the software use to place their trades.

Course content

1 section • 50 lectures • 5h 32m total length

  • Welcome!1:32
  • Legal Notices3:03
  • What is Forex?3:16
  • Why Forex?5:16
  • Forex Basics: The Very Basic5:33
  • Forex Basics: Expectations6:04
  • Forex Basics: The Currencies12:22
  • Forex Basics: Stop Loss and Targets9:49
  • Forex Basics: Broker Spreads7:49
  • Forex Basics: Understanding Margin12:05
  • Forex Basics: Which Trader Are You?3:49

    Choose your forex trading style—swing, day, scalp, or position—using four-hour to weekly charts. Start with higher timeframes to build skill before moving to lower ones.

  • Forex Basics: Interest & Swap Fees5:11
  • Forex Chart Basics9:03
  • Understanding Forex Chart Analysis4:35
  • Understanding Technical Analysis4:33
  • Understanding Forex Market Structure8:03

    Explore forex market structure, identifying uptrends with higher highs and higher lows, and downtrends with lower lows and lower highs, plus range-bound consolidations, using moving averages to confirm trends.

  • Understanding Support & Resistance5:22
  • When Support Becomes Resistance6:13
  • Understanding Moving Averages4:37
  • Understanding Pivot Points2:28
  • Understanding Divergences8:34
  • Understanding Chart Patterns1:34
  • Chart Patterns: Double Bottoms & Double Tops2:24
  • Chart Patterns: Head and Shoulders5:26
  • Chart Patterns: Inverse Head & Shoulders5:44
  • Chart Patterns: Ascending Triangles4:31

    Identify ascending triangle patterns in an uptrend, with equal highs and higher swing lows, and anticipate breakouts after retests. Use trend lines to spot buying opportunities as prices push higher.

  • Chart Patterns: Descending Triangles6:15
  • Chart Patterns: Channels3:26
  • Common Candlestick Patterns4:55

    Identify the three popular candlestick patterns—pen bar and bullish and bearish engulfing—signaling reversals near support or resistance and indicating how price action traps retail traders.

  • Sunday Gaps4:19
  • Forex Fundamentals: Market Behavior4:23

    The forex market typically trends about 30% of the time and ranges 70%, with end-of-session reversals common around London and Frankfurt openings, Asia ranges and New York can be choppy.

  • Forex Fundamentals: News Trading7:32

    Learn forex news trading by avoiding high-risk red-tag events, using higher timeframes, and focusing on central bank announcements, non-farm payrolls, GDP, and employment data.

  • Forex Fundamentals: News Effects on Currencies6:59
  • Forex Fundamentals: News Effects on Currencies: Live Examples9:35
  • Forex Fundamentals: Talking Heads7:41
  • Forex Fundamentals: Cross Currency3:05

    Learn how cross currencies affect currency pairs as news moves push the pound, euro, yen, franc, and New Zealand dollar, and how cross rates are calculated by dividing currency values.

  • Forex Fundamentals: Interest Rates7:32
  • Forex Fundamentals: GDP6:34
  • Forex Brokers10:49

    Choose a regulated, reputable forex broker with fair spreads and fees. Learn how US rules, leverage, hedging limits, and negative balance protection affect your trading and safety.

  • Forex Scams To Watch For14:54
  • Understanding Risk: Money Management12:12

    Learn essential money management for forex trading: set stop losses before each trade, avoid moving stops, and risk 1–3% per trade based on account size.

  • Hindrances to Success6:26

    Focus on price patterns and timing, not chasing many indicators or systems. Use strict money management, trade 1–3% per trade, and build confidence to steadily compound gains.

  • Why Traders Fail6:34
  • Paying Taxes6:37
  • Using Metatrader 4: Creating A Demo Account4:40
  • Using Metatrader 4: Setting Up Symbols to Trade3:34
  • Using Metatrader 4: Setting Up Your Charts9:59

    Set up MetaTrader 4 charts by adding or deleting indicators and customizing chart types—candlesticks, bar charts, or line charts—while adjusting colors, grid, period separators, and offline charts.

  • Using Metatrader 4: Using Indicators3:58
  • Using Metatrader 4: Miscellaneous Tools18:22
  • Using Metatrader 4: Order Entry & Trade Management12:55
  • FINAL EXAM

Requirements

  • You will need to be able to use a PC.

Description

This course is a very in depth overview of the Forex (currency) markets.  This course will give the students a great foundation as they get started in their exciting new Forex career. In this course I discuss the basic workings of the Forex market and discuss in much detail the idea of technical trading and we discover some basic ideas behind fundamentals of the Forex market and how it effects the movements of the Forex market.

Who this course is for:

  • Anyone who is interested in learning to trade the financial markets and has an open mind.

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