Forex Trading - Learn to Trade From Scratch!

Learn how the forex trading day centers on GMT, with Tokyo, London, and New York sessions shaping liquidity and volatility throughout the 24-hour market.

Explore the major forex participants, from the interbank heart to corporations, funds, institutional investors, market makers, and individual traders. Learn how their roles shape liquidity and spreads.

Central banks intervene to influence exchange rates and protect exporters, signaling intentions through statements to steer traders before action. Credibility matters because costly interventions rely on market alignment.

Set up your demo trading account, choose a broker, download and log in to the trading platform with your credentials, and begin charting for future technical analysis.

Examine fundamental analysis and the impact of capital and trade flows on currency demand and supply in forex. See simple examples of capital inflows and outflows shaping currency value.

Understand how trade flows and capital flows drive currency strength and the balance of payments, with net exporters strengthening the currency and net importers weakening it, offset by capital inflows.

Explore how interest rate changes drive capital flows and currency prices, showing how rising rates attract fixed-income funds and strengthen the currency, while falling rates weaken it.

Discover how economic indicators gauge economy strength and move forex prices as central banks adjust interest rates, with emphasis on unemployment, inflation, and non-farm payrolls.

Explore the us dollar’s dominance in forex and the euro’s role in the emu. Connect commodity currencies like the Canadian, Australian, and New Zealand dollars to gold and metal prices.

Explore how commodity prices drive currency correlations, using gold and oil as proxies, and learn how the Canadian dollar and yen reflect all-price movements.

Study technical analysis in forex trading to interpret price movements, supply and demand, and signals from charts and indicators, including channels, trends, and support resistance for timing entries.

Learn how to visualize price movements using line charts, ohlc bars, and candlesticks, including 15-minute timeframes, open, high, low, and close, and bullish vs bearish patterns.

Master support and resistance to spot price barriers. Use psychological levels, such as whole-number zeros, and swing highs and lows to decide where to enter and exit trades.

Identify and trade with the market trend by recognizing upward, downward, and horizontal trends, drawing trend lines through higher highs and higher lows, and using support or resistance.

Channel analysis extends trendlines with parallel lines to form price channels, guiding sells in uptrends and buys in downtrends, using the three-touch rule for entries.

Explore oscillators for recognizing overbought and oversold conditions and potential reversals using RSI and other indicators within trends. Set RSI thresholds, seek entries with the trend, and combine with fundamentals.

Adopt a manager-first mindset in forex trading to implement solid risk management, minimize and control losses, and maximize profits through practical risk rules and concepts.

cut your losses quickly, admit when you're wrong, and move on to the next trade to stay in control; focus on profitability over win rate and maximize gains.

Learn to let your winners run to maximize gains by letting winning trades grow until substantial, and avoid exiting winners too soon due to anxiety.

Learn to manage risk by always setting a stop loss on every trade, never loosen a stop, and understand how stop orders limit loss across forex trading.

Set a maximum loss as a percentage of your forex trading account to protect capital and guide trade sizing, typically 1–5%, with examples using a 2% risk per trade.

Master risk management by trading no more than one to three uncorrelated forex positions, move stop loss to break-even when in profit, and avoid multiple correlated trades to protect capital.

Follow a simple trend-following technique by first confirming the trend on the higher timeframe, then time entries on the hourly chart in the trend direction using RSI signals.

Learn to enter forex trades using support and resistance with pullbacks, confirm entries with RSI, and place limit orders at key levels for risk-managed entries with stop losses and targets.

Learn to manage risk with a swing stop by placing the stop just beyond the nearest swing high near resistance, and practice marking entries and stops on historical charts.

Set targets at the next support or resistance, adjust for spread, and keep targets wider than stop loss to ensure a favorable risk-reward setup.

Set a 1% risk on a $10,000 account, calculate unit size to cap risk at $100, then place a trade with take profit and stop loss.

This lesson walks through a start-to-finish forex trade on gbp/usd, using downtrend, support and resistance, rsi overbought, and setting stop loss, targets, and position sizing.