The Basic Forex Trading Course!

Examine what moves the forex market through supply and demand dynamics, fundamentals like central bank rates, and data releases, then learn to buy, sell, and profit from EURUSD moves.

Explore asset classes by examining five trader types: scalpers, intraday traders, day traders, swing traders, and position traders, plus the role of speculators in market movements.

Identify five forex trader types: scalpers, intraday traders, day traders, swing traders, position traders, and speculators; learn holding periods from seconds to weeks or months and how to anticipate moves.

Choose a broker by checking how long they’ve been in business and their regulatory status, and cross-reference the registration number. Compare spreads, demo accounts, funding methods, leverage, and platforms.

Open a free demo account with a broker of your choice, fill the form, and accept declaration. Download the trading platform and log in with login details sent by email.

Install the platform, then use file to log in and enter your credentials. Select the proper server from the email to complete login.

Master the MT4 platform by moving toolbars, using drawing objects (lines and shapes), editing colors and sizes, and applying them across timeframes with alerts and historical forex data import.

Learn to configure forex charts with candlestick emphasis, switch between line and bar charts, and save custom color schemes and templates for multiple currencies, including stochastic indicators.

Learn to place new orders with instant execution, use profiles to filter six currencies in market watch, and save asset sets for focused forex trading.

Explore how timeframes from one minute to daily, weekly, and monthly shape trading perspectives and candle representations. Learn to switch between frames, with higher time frames offering stability and reliability.

Explore the market watch to view tradable assets and forex majors like euro usd; right-click for specifications, and learn price versus ask price plus market hours and spreads.

Learn to read line, bar, and candlestick charts, with line charts showing closing prices and candlesticks displaying open, high, low, and close to identify entries, stop loss, and take profits.

Explore the end scroll toolbar to view currency charts, adjust zoom, and switch range bars, then jump to the current price. Navigate indicators, timeframes, and templates from the left panel.

Explore common trading tools, including the crosshair with candle and price readouts, vertical and horizontal lines, channels and labels, object properties, and delete or screenshot options.

Learn how to draw and adjust a forex chart channel using touch points to move the channel, and apply different channel placements to identify valid channels.

Learn how to use the fibonacci tool to plot retracements from swing lows to highs (or highs to lows), and use 50%, 61.8%, and 38.2% levels as support or resistance.

Place a trade by right-clicking new order, verify balance, set volume, and use market execution or buy stop, sell stop, or buy limit orders with a stop loss.

Enter a buy limit order at the support level of 1.296 as price hits it, aiming for a reversal toward the resistance at 1.3351.

Place a buy stop order at the resistance level to automatically enter a trade when price reaches it, and cancel the order in the trade terminal if undesired.

Learn how to place a sell limit order at the resistance level when price approaches a top, including how to set the order, review open orders, and cancel if needed.

See how a sell stop order triggers at the support level, using a pending order at the chosen price. Cancel the order in the trade terminal before activation.

Learn to use manual and automatic trailing stops to lock in profits as the market moves, and practice placing a pending order with market execution to apply the trailing stop.

Learn how to organize forex indicators by creating a dedicated folder, placing indicators inside it, and refreshing the platform to display added indicators.

Create alerts for any currency by selecting sound, mail, or notification options, and configure trigger conditions, timeouts, and expiration dates for buy or sell signals.

Leverage is a broker loan letting traders trade with small capital, increasing potential profit and risk while account size and lot size scale with leverage.

Explain forex lot sizes by defining standard (100,000 units), mini (10,000), and micro (1,000) units, and show how leverage (10:1, 100:1) expands buying power.

Master money management through a 2:1 risk-reward ratio and a minimum 40% win rate, using practical examples to calculate lot sizes and keep risk constant.

Explore how pips relate to money management on a $1,000 account with 3% risk. Adjusting lot size changes the dollar value per pip, altering potential losses and risk exposure.

Explore Japanese candlesticks as stories of market psychology and price action, where each candle reveals investor emotions shaping movement. Learn candlestick patterns to enhance forex trading strategies and decisions.

Analyze the basic Japanese candlestick structure, including open, high, low, close, the real body, and upper and lower shadows. Identify bullish and bearish candles and their intraday price action.

Practice studying candlestick patterns daily by examining at least 10 examples to gain recognition, and always wait for the confirmation candle—open below in bearish markets or above in bullish markets.

Identify doji candles when open equals close, signaling indecision and possible reversals. Note long-legged, dragonfly, and gravestone doji patterns as bullish or bearish signals.

Explore hammer, inverted hammer, and hanging man candlesticks, identifying bullish and bearish signals, trend reversals, and support tests within forex trading.

Identify spinning tops and shooting star candlesticks, signaling indecision and potential reversals in an uptrend; emphasize position on the chart and the significance of long upper shadows.

Explore pinbars and inverted pinbars, including bullish pinbars signaling a support test and potential uptrend, and inverted pinbars forming double reversals signaling resistance and possible downturn.

Identify tweezers candlestick patterns to spot tops and bottoms in forex charts, using equal highs or lows to signal reversals from uptrends to downtrends.

Explain the evening star and morning star candlestick patterns in forex trading, a three-candle reversal with a large candle, a doji or spinning top, and an opposite large candle.

Explore bullish and bearish engulfing patterns as bottom and top reversal signals in forex. Learn how a second candle engulfs the first, signaling potential trend reversals.

Identify the dark cloud cover piercing, a bearish line pattern, where a bullish candle is followed by a bearish candle that opens above the first and closes near its midline.

Learn the basics of tops and bottoms in forex, including double tops and double bottoms, triple tops and bottoms, and how these patterns relate to similar channels.

Identify double tops and double bottoms as reversal patterns; enter sell orders below the neckline for tops or buy orders above the neckline for bottoms, with stops and profits.

Triple tops and triple bottoms are reversal patterns of three equal highs or lows; use a confirmation candle at the third touch, place orders, set stops, and target channel middle.

distinguish breakouts from fakeouts and manage risk by adjusting your stop loss after an initial move, using a five-dollar buffer to limit losses while seeking true breakouts.

Identify common terms for support and resistance, including consolidation, price revisits levels, reversals, pullbacks or retracements, and breakouts with momentum.

Identify forex flag patterns by recognizing bull and bear flags as price channels with resistance and support, and trade breakouts rather than pullbacks, including pennants and high and tight flags.

Explore three flag patterns in forex trading: bull flag, bear flag, and high and tight flag.

Explore wedges in forex trading by examining two kinds of rising wages and falling wages.

Identify rising and falling wedges by their sloping support and resistance lines and trade breakouts in either direction. Focus on breakouts over pullbacks.

Explore symmetrical, ascending, and descending triangles in forex trading, identifying support and resistance, and learn to trade breakouts with price pullbacks for decisive entries.

Differentiate wedges from triangles by examining how resistance and support lines converge. Note that in triangle patterns, both lines slope upward or downward, moving in one direction.

Identify and classify trends by tracking higher highs and higher lows in uptrends and lower highs and lower lows in downtrends, using swing highs and swing lows as key markers.

Explore micro, standard, and macro trend lines; learn how they appear across 1–30 minute, 1–4 hour, and daily–monthly time frames for scalping, day trading, swing trading, and investing.

Learn to draw trendlines to identify uptrends and downtrends, focusing on macro trendlines with two touch points for reliability and a third confirmation point through deliberate practice.

Explain how to identify and trade price channels, including horizontal, uptrend, and downtrend channels, with support and resistance lines, breakouts and pullbacks, and basic stop loss and take profit rules.