Fundamentals of Forex Trading

A complete beginner's guide to forex trading. If you're new to forex or MetaTrader4, this is the class for you!
3.9 (502 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.
15,208 students enrolled
Instructed by Joshua Garrison Business / Finance
Free
Start Learning Now
  • Lectures 23
  • Length 1 hour
  • Skill Level All Levels
  • 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 8/2014 English

Course Description

PoseidonFX CEO and former forex broker Joshua Garrison teaches the fundamentals of forex trading in this 23 lecture video course. This class is perfect for the absolute beginner to currency trading - teaching everything you absolutely need to know, and nothing you don't.

If you're tired of endless internet articles on outdated trading techniques, this is definitely the class for you! In this class you will learn:

  • Terms and Definitions
  • Basics of Using MetaTrader4
  • Basics of Fundamental Analysis
  • Basics of Technical Analysis

This is an excellent, comprehensive overview of all the skills and tools an absolute novice to forex trading needs to get started in the market.

What are the requirements?

  • You will need access to a Windows-based computer to make full use of this class.
  • A free practice account with the MetaTrader4 software (instructions on how to get one are in the course!)

What am I going to get from this course?

  • This class is an excellent prep course for my class How to Make Passive Income Trading Forex.
  • This class will teach the basic terms and definitions you'll need to trade forex.
  • This course includes a comprehensive tutorial of the MetaTrader4 software.

What is the target audience?

  • Absolute beginners to forex (or anyone needing a refresher)
  • Anyone interested in learning the fundamentals and foundation principles needed to trade forex.

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
00:56

An introduction to the syllabus and goals of this course.

00:51

Learn what forex trading is.

00:37

A discussion on the risks associated with trading forex.

01:39

Learn how much money professional traders actually make in the forex market.

Section 2: Terms and Definitions
02:00

Learn the ins and outs of choosing a broker and starting a practice account.

01:10

Learn how to read a currency quote and tell the difference between the base and quote currency.

01:46

What is leverage? How does leverage work? Learn how leverage is used in forex trading.

01:08

Learn all about margin - used margin, available margin, and margin calls.

01:32

What is a pip, anyway? This lecture teaches you how pips work and how to find the value of a pip.

01:04

Why are forex brokers and traders always talking about the spread? Learn about the commissions of forex trading.

Terms and Definitions 1 Quiz
5 questions
Section 3: Terms and Definitions Part 2
01:04

Did you know you can earn interest on your leveraged positions in the forex market? Learn how rollover is used in forex.

01:07

These are two order types used to protect gains and prevent losses in the forex market.

00:50

A discussion on how movement in the forex market is quantified.

01:03

Learn the principles of how algorithms are used to trade forex.

4 questions

Terms and Definitions

Section 4: MetaTrader4
14:47

An introduction to MetaTrader4. The second half of this lecture is in the supplemental materials!!

Section 5: Fundamentals of Trading - Fundamental Analysis
00:53

There are two broad theories of forex trading: technical analysis, and fundamental analysis.

01:35

Learn how Central Banks and monetary policy impacts the forex market.

04:31

Some examples of forex market movement following central bank interest decisions.

02:15

How unemployment, GDP and housing data can influence the forex market's movement.

Fundamental Analysis
4 questions
Section 6: Fundamentals of Trading - Technical Analysis
00:53

An introduction to technical analysis.

10:56

How to use moving averages in MT4.

06:35

Using the mythical Bollinger band.

Section 7: Part 1 Recap and Next Steps
00:45

In this lecture we discuss how to put what you've learned to work.

Students Who Viewed This Course Also Viewed

  • Loading
  • Loading
  • Loading

Instructor Biography

Joshua Garrison, Instructor at PoseidonFX Currency Trading

Joshua Garrison is an instructor at PoseidonFX currency trading. He is a former forex broker for FXCM and forex mentor and blogger. Joshua and the team at PoseidonFX are on a mission to bring efficient, sustainable forex trading to investors everywhere. Using a data-driven, proven approach to forex known as sentiment trading, he and his team at PoseidonFX have successfully taught hundreds of people how to trade currencies using powerful automated systems.

While he isn't busy working or trading the currency market, Joshua enjoys playing the ukulele, writing short comedic screenplays, and exploring the US Pacific Northwest.

Ready to start learning?
Start Learning Now