FOREX Currency Trading For Beginners

Learn How To Trade Small Accounts with an FX Practice Trading Station.
3.5 (2 ratings) Instead of using a simple lifetime average, Udemy calculates a
course's star rating by considering a number of different factors
such as the number of ratings, the age of ratings, and the
likelihood of fraudulent ratings.
31 students enrolled
Instructed by PAUL UGWU Business / Finance
$19
$25
24% off
Take This Course
  • Lectures 28
  • Length 4 hours
  • Skill Level Beginner Level
  • Languages English
  • Includes Lifetime access
    30 day money back guarantee!
    Available on iOS and Android
    Certificate of Completion
Wishlisted Wishlist

How taking a course works

Discover

Find online courses made by experts from around the world.

Learn

Take your courses with you and learn anywhere, anytime.

Master

Learn and practice real-world skills and achieve your goals.

About This Course

Published 6/2014 English

Course Description

Learn Forex Trading. Trade under real market conditions as long as you want, risk free, using a Practice trading platform which gives you virtual money that never expires.

The Foreign Exchange (often abbreviated as Forex or FX) market is the largest market in the world with daily trading volume of over 3.9 $trillion. With its high liquidity, low transaction cost and low entry barrier, the 24-hour market has attracted investors around the world.

Recent technological advancement has broken down the barriers that used to stand between retail clients of FX market and the inter-bank market. The online Forex trading revolution originated in the late 90's, opening doors to retail clients by connecting the market makers to the end users.

A chart is the most important tool for understanding what is going on in the market. Almost all traders today, particularly those who trade actively, use their preferred types of charts to analyse the market. In the end, a chart is a visual representation of the price movements, a reflection of the psychology of the market and a visualization of the interaction between buyers and sellers in the market.

This course is structured in short and easy to follow format and is targeted at students who want to trade small accounts and learn to trade in the FX markets. The course introduces the student to experience the forex trading environment and learn with real time data flow with a reputable broker in a practice trading platform. An easy to follow, methodical approached is taught to shortlist current pairs with high probability of success. time market entry, profit taking and stop loss. Students are taught techniques for capital preservation.

What are the requirements?

  • No prerequisite knowledge of the FX market is required.
  • General familiarity with the use a computer is required. Students will require a computer with internet connection able to stream live data at reasonable speed. The course also requires the student to download an FX Trade Practice Demo account from www.Oanda.com.
  • In addition, students will need positive and objective mindset with ability in critical thinking and reserves of persistence to learn a new rewarding skill. Success in the FX markets require methodical and rational approach, rather than a disposition to swings of emotion and hope in the execution of trades.

What am I going to get from this course?

  • Course Goal: By the end of this Beginners Forex Trading Introduction Course, beginning traders will understand all the basics of the Forex market and Forex trading. You will be able to comfortably execute well analysed trades in FX Trade Platform.
  • Course Objectives: In this course you will learn the following: Common FX Terminology, The Basics of Price Action Trading, Forex Charting, Technical Analysis, Fundamentals Forecasting and News, Traders Psychology, Money and Risk Management, Working on an FX Trading Station, and many more important subjects.

What is the target audience?

  • This course is intended for beginners new to Forex Markets. It is also aimed at experienced traders looking to improve their skill in FX trades.
  • The course assumes no knowledge of the FX markets. Students learn the common FX terminology to gain familiarity with the market before proceeding to more advanced concepts. The course will also be beneficial to students who are experience in the FX markets. For these students the course will offer simple, methodical and well thought through approach to short listing and executing trades in the Forex market with high probability of success. To all students it will also offer tips on risk management, position sizing and capital preservation.

What you get with this course?

Not for you? No problem.
30 day money back guarantee.

Forever yours.
Lifetime access.

Learn on the go.
Desktop, iOS and Android.

Get rewarded.
Certificate of completion.

Curriculum

Section 1: Introduction
09:59

Forex Currency Trading for Beginners. This lecture introduces Forex generally and describes the curriculum and what is covered in the lectures. The aim is to get students to learn to trade in a safe practice environment without risk to capital by opening and using a Practice Account from a reputable broker using their FX Market Practice Trading Platform. Students learn to trade small accounts as is likely to be the reality for many.. Students should heed the following:

Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exist that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

Any opinions, news, research, analyses, prices, or other information contained on this presentation are provided as general market commentary, and do not constitute investment advice. No liability is accepted for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

Past performance is not indicative of future results.

Section 2: What is FX?
09:34

Forex Currency Trading for Beginners

This tutorial covers bid price, ask price, liquidity, currency pairs, long trades, short trades and pips.

07:09

Forex Currency Trading for Beginners

This lecture looks at currency pairs, rising and falling prices, long trades and short trades.

08:15

Forex Currency Trading For Beginners

This lecture continues exploring currency pairs.

05:24

Forex Currency Trading For Beginners

This lecture looks at trading platform, streaming prices and participating in the market.

3 questions

Progress check quizz on FX terminology

Section 3: Forex Trading Platform
05:52

Forex Currency Trading For Beginners

This lecture contains information to download the practice platform. The download is available at http://www.oanda.com

The lecture looks at the how to connect, disconnect, lock the account and exit.

06:39

Forex Currency Trading For Beginners

We continue the user interface with a look at the account tab, transaction history, add/remove fiunds, change leverage and creating sub accounts.

07:48

Forex Currency Trading For Beginners

This lecture continues the examination of the user interface with the look at tools menu containing pip profit calculator, user preferences, chart quotes, periods, trading etc.

06:25

Forex Currency Trading For Beginners

This lecture continues the examination of the user interface with further examination of the tools menu. We look at user preferences, saving profiles and profile manager.

09:58

Forex Currency Trading For Beginners.

This lecture looks at Resources tab, windows tab and Help tab etc.

09:08

Forex Currency Trading For Beginners

This lecture examines the charting function in the platform, it looks the currency pairs, time frames, add study and summary of the user interface.

4 questions

Test Questions on FX

Section 4: Guide To FX Markets
08:54

Forex Currency Trading For Beginners

This lecture looks at rationale and philosophy of price action, it looks at the concept, that market action discounts everything and that every thing that affects the market is ultimately priced in.

09:04

Forex Currency Trading For Beginners

This lecture looks at the principle that price moves in trends. The purpose of charting is to identify trends for the purpose of trading in the direction of those trends. The lecture also continues with a look at the principle of history repeats itself in charts, the future is a repetition of the past and explores the difference between technical analysis and fundamental approach.

07:08

Forex Currency Trading For Beginners

This lecture looks at Identifying bull markets and bear markets or flat sideways price action. It also looks at identifying trends.

09:46

Forex Currency Trading For Beginners

This lecture looks at steps to set a chart to determine the trend and time entry into the market. It looks at how to pick the strongest currency pairs.

09:38

Forex Currency Trading For Beginners.

This lecture looks at how the decide which currency pair to trade after the strongest currency pairs are identified.

09:21

Forex Currency Trading For Beginners

This lecture looks at break out entry into the market. It looks at support and resistance levels and different fx time frames.

09:36

Forex Currency Trading For Beginners.

This lecture looks at time frames and their reliability. It also summaries the trends following approach.

3 questions

Progress check

Section 5: Forex Chart on Practice Trading Platform
09:59

Forex Currency Trading For Beginners

In this lecture we will look at how to insert the indicators on the trading platform.

10:42

Forex Currency Trading For Beginners

In this lecture we will look at how to time entry using indicators on the trading platform.

09:57

Forex Currency Trading For Beginners

In this lecture we will look at the currency pairs, selection and entry and summary.

3 questions

Progress check

Section 6: FX Trading Tips and Systems
09:59

Forex Currency Trading For Beginners

In this lecture we will look at the arguments and comparisons between technicians and fundamentalist.

3 questions

Progress check

Section 7: Risk and Money Management
09:19

Forex Currency Trading for Beginners

This lecture looks at simple Forex money management strategies to stop you from blowing up your account.

08:29

Forex Currency Trading For Beginners.

This lecture looks to help you with the entry into the market, identify risk, protect your potential profit and trading psychology.

08:40

Forex Currency Trading For Beginners.

This lecture looks at risk reward ratio and the minimum condition we need to profit more when we are right and minimize losses when we are wrong.

10:00

Forex Currency Trading For beginners.

This lecture looks at managing your trades, stop loss, take profit, risk reward ratio and protection against market reversals. It also looks at managing an account and position sizing.

08:08

Forex Currency Trading For Beginners.

This lecture continues the look at position sizing, it extols the virtue of patience and consistency and summarizes money management basics.

5 questions

Progress check

Section 8: Conclusion
10:57

Forex Currency Trading For Beginners.

This lecture is a summary of the tutorial series. It covers common forex terminology, guide to charts, the practice trading platform, risk reward ratios, risk and money management.

Students Who Viewed This Course Also Viewed

  • Loading
  • Loading
  • Loading

Instructor Biography

PAUL UGWU, Architect

Paul has over 25 years experience in the construction industry, designing and managing all phases of building projects. Paul was educated at the University of Cambridge and at London South Bank University. He has a Master of Science degree in Architecture and another Master of Science degree in Construction Management. He holds a CertHE in Conservation. He has extensive first hand personal experience of Building Information Modeling and the use of computer software like Autodesk Revit, 3dStudioMax and AutoCAD in the design of Buildings.

Paul's other passion is a keen interest in the financial markets, especially, FOREX currency markets.

You wouldn’t believe the freedom that studying this course offers. Sign up and find out for yourself why so many people are taking and recommending this course. I genuinely believe it’s one of the best on the market..

Sign up to The Course and join me in this amazing adventure today.

Ready to start learning?
Take This Course