Forex Trading Course for Beginners ZERO LEVEL

Discover why the forex market is the largest financial market, with over $6 trillion traded daily, the US dollar dominating most transactions, and 7 major currency pairs.

Discover how forex trading centers on buying and selling currency pairs to bet on price movements, not on exchanging physical currencies. Retail traders and institutions speculate with technology since 1996.

Define the currency pair as two currencies with a base and quote, whose value shows the base in units of the quote and fluctuates with economic indicators.

Learn how buying and selling currency pairs works in forex, using EUR/USD to show that buying euros and selling dollars, or selling euros and buying dollars, shifts the pair's value.

Explore why Forex trading is not gambling, and how success comes from patience, study, and disciplined portfolio building, risk and money management, not quick riches.

Learn who runs the forex market, from central banks to investment banks, investment funds, corporations, and retail traders. See how central banks shape currency movements through monetary measures.

Discover how brokers connect small traders to the interbank, provide liquidity and access to forex, gold, oil, CFDs, stocks, and crypto through trading platforms, while emphasizing transparency and broker selection.

Explore types of forex brokers, including dealing desk market makers and no dealing desk options like STP and ECN, and how spreads and commissions affect costs.

Learn to verify forex broker legality by checking regulatory registrations with CFTC, NFA, FCA, ASIC, BaFin, and others on the broker's site. Look in the about us or footer.

Discover how to choose a forex broker by verifying country registration, regulatory status, and feedback on Forex Factory and Forex Peace Army, and ensure MT4 access with a demo account.

Define the lot as the unit, with standard, mini, and micro sizes (100,000; 10,000; 1,000 units). Show how to enter volumes from 0.01 upward and how leverage enables larger trades.

learn how leverage allows small forex traders to trade large positions, with examples of 100x leverage; understand that risk depends on the invested amount, not on leverage.

Learn the difference between balance and equity and how margin, free margin, and margin level affect your forex trades with practical examples.

Learn how margin, free margin, equity, and balance determine investment capacity, and how leverage affects the required margin when opening a 1-lot, 100,000 trade.

Define pips as the unit for forex price moves. Show how EUR/USD 4th decimal equals 0.0001 and USD/JPY 2nd decimal equals 0.01, using the fifth decimal to identify a pip.

Learn to calculate pip value with a simple tool on Investing.com's pip calculator. Enter your account currency and trade size to see the pip value for EUR/USD.

Identify how bid and ask prices and the spread work in forex, with buying at the ask and selling at the bid, as brokers earn from the interbank-based spread.

Learn how the spread, the bid-ask difference, is an expense calculated when you open a trade and varies by currency pair such as EUR/USD.

Explore how long and short positions drive forex trading, with long meaning buying the base currency and expecting growth, and short meaning selling it to profit from declines.

Understand how drawdown measures the relationship between your forex account balance and the losses. A smaller drawdown signals safer trading and better money management, while high drawdown indicates riskier systems.

Learn how to use buy limit pending orders on MT4 to enter buys below the current price, set stop loss and take profit, using trend lines and support levels.

Learn to place a sell limit pending order near a trend line resistance, with entry, stop loss, and take profit levels, and manage or delete the order if not activated.

Place a buy stop pending order above a resistance zone to enter on breakout. Set stop loss below the zone and take profit above.

Identify a strong support zone and place a sell stop pending order on breakout, with stop loss above the zone and take profit below.

Activate auto trading, open the mini terminal, and use the gray and orange columns to set buy and sell pending orders with stop loss and take profit.