Forex 101 Course

Learn to read forex quotes by identifying the base and quote currencies and when to buy or sell based on expected strength, with major, cross, and exotic pairs.

Grasp how bid and ask form the two-way price, with the spread as the transaction cost and the break-even point after recovering the cost, and how liquidity affects spreads.

Master how forex pips replace points, identify the fourth decimal place (and the yen’s second digit), and track real-time risk and profit in pips across quotes.

Learn to read forex charts by comparing line, bar, and candle charts, and interpret open, high, low, and close across time frames such as one hour or one week.

Explore how bulls and bears shape forex markets, why bias can mislead traders, and how sentiment, consolidation, and breakouts signal moves in major and exotic currency pairs.

Forex short selling means selling a currency pair expected to fall, while the first quoted currency matters; high liquidity enables easy entry and exit.

Compare market orders and pending orders to enter forex trades, highlighting when to use immediate execution at the current price versus conditional entry, considering spread, breakouts, and range strategies.

Explore take profit and stop loss orders to manage risk and reward in forex, including gtc and oco concepts, and apply reward-to-risk ratios with chart examples.

Explore pending order types: buy stop, sell stop, buy limit, and sell limit, and learn how to enter forex positions at specific prices using breakout and reversal scenarios.

Learn forex lot sizes from standard, mini, micro, to nanobot, and how each affects pip value, exposure, and reward risk on platform trades.

Explore equity, margin, and leverage in forex trading, contrasting balance with realized and unrealized profits and losses, and learn how margin controls position size and how leverage amplifies exposure.

Explore fundamental and technical analysis in forex, identifying how social, economic, and political forces create overvalued or undervalued currencies and guide entry and exit using indicators and candlesticks.

Fundamental analysis guides medium to long term forex trading by pairing strong economies with weak ones, using charts for entry and exit while tracking central bank rates and capital flows.

Explore how economic events drive forex volatility, using the economic calendar to track central bank decisions, inflation (CPI), GDP, and employment data, and recognize black swan risks.

Track the economic calendar weekly to time trades, using fundamentals or technicals, and assess forecast, previous, and actual data to manage entries, exits, and risk around news events.

Explore how volatility in the forex market stems from liquidity differences across major and exotic pairs, how trading sessions shape moves, and how leverage and pending orders manage risk.

Learn how technical analysis uses price action, chart patterns, and indicators like RSI and candlesticks to identify trends and optimize forex entry and exit points.

Identify uptrends, downtrends, and sideways ranges by tracking higher highs and lows or lower highs and lows, with support and resistance and weight of the trend guiding pullbacks and entries.

Identify support as a price floor and resistance as a ceiling, understand two-candle confirmation of breaks, and recognize major versus minor levels and false breaks.

Identify forex chart patterns, including continuation, reversal, and neutral types, and use time frames and pending orders to execute high-probability trades.

Identify candlestick patterns and their bullish or bearish cues on four hour charts, including morning star, evening star, three white soldiers, three black crows, harami, engulfing patterns, and doji variants.

Discover how forex indicators forecast price changes by revealing trend and volume information for precise trades. Explore trend, reversal, and breakout indicators, including moving averages, MACD, RSI, and Fibonacci retracement.

Explore how the moving average indicator smooths price data to reveal trend direction and momentum, using simple and exponential moving averages and crossovers for entry signals.

Explore the macd, a moving average convergence divergence oscillator using the 12-period EMA and 26-period EMAs with a 9-period signal line to spot crossovers for timing short-term forex trades.

Apply the relative strength index (RSI) to spot oversold and overbought signals, note the 50 center line, and use divergences for entry timing.

Explore how Fibonacci retracement levels—38.2%, 50%, and 61.8%—identify optimal pullbacks within trends and inform high-probability entries with auto-generated horizontal lines.

Apply the risk reward ratio to every forex trade using stop loss and take profit. Set targets based on volatility and key support and resistance to maintain disciplined risk management.

Master risk and money management by building a trading plan with risk-reward ratios, stops, limits, and by tracking leverage, rate risk, liquidity risk, calendar events, and a trading journal.

Master trading psychology fundamentals to strengthen risk management and discipline, maintain stop-loss discipline, avoid overtrading, and use a trading journal to sustain long-term profitability.

Maintain a detailed trading journal to record each trade, entry zone, risk-reward, and emotional state, helping you follow your plan and spot performance tweaks.

Navigate trading view to analyze pound-yen, observe real-time price and bid-ask; zoom, pan, sync charts, and use the ruler tool to measure pips across forex, indices, and crypto.

Explore trading view chart options and settings to switch chart types candles, bars, and line, customize colors and background, set time zone, and adjust the cursor for forex analysis.

Explore how to use drawing tools and studies in trading view to mark trend lines, add balloon comments, and harness magnet features for precise chart analysis.

Learn to add indicators in trading view, use MACD, RSI, and EMA on AUD/USD four-hour charts, and assess support and potential down moves around the Sydney open.

Place and manage orders in trading view using market, limit, and stop orders, with take profit and stop loss, while monitoring pending and active orders.

This AUD/USD trade example uses a one-hour bearish engulfing signal and four-hour setup to justify selling 20,000 units with a 1:2 risk-reward and take profit around 70 to 61 area.

Learn how a bearish engulfing pattern on the one-hour aUd/usd chart triggered a profitable sell in forex trading, with a clear take-profit near previous support.

Explore a one-hour US dollar/Canadian dollar short trade setup in the New York session, using bearish engulfing momentum, with a 1:2 risk-to-reward and a 50-pip take profit.

Analyze usd/cad price action in forex trading example 2 follow up, assess trading view, and set take profits near support with stop losses near resistance, securing a 50-pip profit.