
Demystify forex trading for absolute beginners by outlining what it is, why to start, and how to get started, including MetaTrader 4, risk management, and technical and fundamental analysis.
Define forex trading and explain how the world's largest market operates, with currencies traded as pairs like eur/usd in a 24/5 electronic network of banks.
Discover why to start forex trading and how to begin with a demo account. Learn about MT4, brokers, live vs demo accounts, and basics like technical and fundamental analysis.
Learn how to read currency pair quotes by identifying the base currency and quote currency, such as euro vs US dollar (eur usd), and interpret the quote price using candlesticks.
Learn what a pip is in forex trading, including how it marks the fourth decimal place for most pairs and the second decimal place for USD/JPY, with practical examples.
Learn essential forex price terminologies, including bid price, ask price, and the spread, and understand how brokers profit from the spread while going long or short.
Explore how forex leverage lets you borrow from your broker, controlling $100,000 with $1,000 at 1:100, and note the US limit 1:15 and risks from trades or large lot sizes.
Learn forex lot sizes, from standard 100,000 unit lots to mini 10,000 unit lots (0.1 standard lot) and macro 1,000 unit lots (0.01 standard lot), with leverage in MetaTrader 4.
Learn to read forex candlesticks and interpret open, high, low, and close within a time frame. Identify bullish and bearish candles by color and set time frames in MetaTrader 4.
Learn how to install MetaTrader 4 and open a demo forex trading account, including how to log in, choose a broker, and set leverage to 100 and a $10,000 deposit.
MetaTrader 4 masterclass introduces the four major tabs, how to place a trade with market execution and micro lot sizing, and how to manage margins and charts.
Master take profit and stop loss orders in MetaTrader 4 by setting them during or after trade placement, using modify order to lock in profits or cut losses.
Discover how to choose the best forex time frame based on your available trading time, account balance, and trader type, including day traders, scalpers, swing traders, and position traders.
Master risk management and position sizing in forex trading by never risking more than 3% of your account, always using a stop loss, and sizing via pip distance.
Learn the risk to reward ratio in forex trading, e.g., risk $10 for a $20 reward (1:2), to gain an edge.
Discover how technical analysis uses price charts to forecast forex price movements. Learn about trends, support and resistance, chart patterns, candlestick shapes, and indicators to analyze price action.
Learn to spot forex market trends using technical analysis, distinguishing uptrends and downtrends with USD/CHF and EUR/USD examples. Explore consolidation and the basics of support and resistance.
Learn to identify support levels, also known as demand zones, in forex charts and recognize buy zones where price tends to rise as buyers outnumber sellers.
Identify resistance levels, or supply zones, in a forex chart where sellers exceed buyers and prices tend to fall, signaling potential selling opportunities.
Explore key forex chart patterns, including bullish and bearish rectangles for trend continuation and double bottom, double top, head and shoulders, and inverse head and shoulders for trend reversals.
Identify key candlestick shapes and patterns in forex charts, including bullish and bearish engulfing, hammer and shooting star signals, to anticipate price movement and improve trading decisions.
Learn the most useful forex indicators, including moving average (50), RSI, and ATR in MetaTrader 4, to analyze trends, overbought and oversold conditions, and volatility for beginner traders.
Place live trades by spotting the trend, identifying an area of value, and using an entry signal such as a candlestick pattern or RSI divergence.
Learn fundamental analysis in forex by evaluating political and economic factors that drive currency values, including unemployment, interest rates, inflation, and wars.
Master consistent execution of forex trades through diligent journaling, recording every trade, date, pair, direction, and outcome to stay aligned with backtested strategies and track progress.
Learn the major mistakes beginner traders make in forex, including revenge trading, neglecting risk management, unbacktested social media strategies, chasing the market, and removing stop losses.
Learn how trading psychology shapes forex outcomes by managing emotions, fear, greed, and unrealistic hope, through discipline, avoiding revenge trading, improper stop loss, and FOMO in a live account.
Exposes the major misconceptions and scams in forex trading, debunks fixed daily pips, holy grail indicators, and signal services, and urges patient, steady growth as a side business.
This is a course that will enable you to learn the business of Forex Trading from scratch.
In this course, you will be able to learn:
What is Forex Trading and how it works.
Why start Forex Trading.
How to get started in Forex Trading, that is choosing a broker and opening a trading account.
All the Forex Terminologies, like currency pairs, pip, leverage, lot size and the simple calculations behind them.
How to use MetaTrader 4, which is the main trading platform and place a trade.
Setting Take Profit and Stop Loss orders.
Risk management and Position sizing.
Selecting the best Time Frame.
Technical Analysis, that is, Chart and Candlestick patterns, Indicators, Trend, Support and Resistance.
Fundamental Analysis in Forex Trading.
Trading strategies.
Mistakes traders make and avoiding them.
Trading Psychology and essential skills for successful Forex Trading.
The subtopics of the course will be:
What is Forex Trading
Why start Forex Trading, and how to get started in Forex Trading
How to read and interpret a Currency Pair quote
What is a Pip
Forex Price Terminologies
What is Leverage
What is Lot Size
What is Pip Value
Forex Candlesticks
Installing MetaTrader 4, and opening a Demo Account
MetaTrader 4 Masterclass. The four major tabs of MetaTrader 4
Take Profit and Stop Loss orders
Selecting the best Time Frame
Risk Management and Position Sizing in Forex Trading
Risk to Reward ratio in Forex Trading
Introduction to Technical Analysis
Identifying Trends in the Forex Market
Support levels in the Forex Market
Resistance levels in the Forex Market
The major Chart Patterns in Forex Charts
The most important Candlestick shapes and patterns
The most useful Forex Indicators
How to place Live Trades skillfully
How to exit Live Trades skillfully
Fundamental Analysis in Forex Trading
Formulating a Trading Strategy and Backtesting
Consistent execution of Trades and Journaling
The major Misconceptions and Scams in Forex Trading