Fundamentals of Forex Trading
4.3 (554 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.
15,990 students enrolled
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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!
4.3 (554 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.
15,990 students enrolled
Created by Joshua Garrison
Last updated 8/2014
English
Price: Free
Includes:
  • 1 hour on-demand video
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
What Will I Learn?
  • 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.
View Curriculum
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!)
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If you're tired of endless internet articles on outdated trading techniques, this is definitely the class for you!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.

Who 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.
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Curriculum For This Course
Expand All 23 Lectures Collapse All 23 Lectures 59:57
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Introduction
4 Lectures 04:03

An introduction to the syllabus and goals of this course.

Course Syllabus and Goals
00:56

Learn what forex trading is.

What is Forex?
00:51

A discussion on the risks associated with trading forex.

Forex Trading Is...
00:37

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

Realistic Expectations for Forex Trading
01:39
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Terms and Definitions
6 Lectures 08:40

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

Brokers and Practice Accounts
02:00

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

Currency Pairs: Base and Quote Currency
01:10

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

Leverage
01:46

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

Margin
01:08

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

Pips
01:32

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

Spread
01:04

Terms and Definitions 1 Quiz
5 questions
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Terms and Definitions Part 2
4 Lectures 04:04

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

Rollover
01:04

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

Stops and Limits
01:07

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

Volatility
00:50

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

Algorithm and EA
01:03

Terms and Definitions

Terms and Definitions Part 2
4 questions
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MetaTrader4
1 Lecture 14:47

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

Introduction to MT4
14:47
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Fundamentals of Trading - Fundamental Analysis
4 Lectures 09:14

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

Two Ways of Trading: Technical vs Fundamental
00:53

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

Central Banks and Interest Rates
01:35

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

Examples of Movement After Interest Rate Decisions
04:31

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

Other Economic Data - NFP, GDP, Housing
02:15

Fundamental Analysis
4 questions
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Fundamentals of Trading - Technical Analysis
3 Lectures 18:24

An introduction to technical analysis.

Technical Indicators Overview
00:53

How to use moving averages in MT4.

Moving Averages
10:56

Using the mythical Bollinger band.

Standard Deviation and Bollinger Bands
06:35
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Part 1 Recap and Next Steps
1 Lecture 00:45

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

Turning Theory Into Practice (conclusion)
00:45
About the Instructor
Joshua Garrison
4.3 Average rating
553 Reviews
15,990 Students
1 Course
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.