The only forex training that you will ever need
“Trading forex can be low risk, easy to learn and does not have to use much of your time or cost a fortune to get involved in.” Jeff Fitzpatrick
This complete, stand-alone course is revolutionary it:
How the course works
First you set up a free “demo” trading account allowing you as much practice as you want without risking a penny. You can practise until you have proven to yourself that you can trade successfully.
Through 22 short, punchy lectures you will quickly become familiar with trading terms. You will build a portfolio of proven strategies and tactics and will understand a professional trading platform that is also provided free of charge.
Constantly updated supplementary material
Our support is second to none and lifelong. You will have unlimited, direct access to the trainers by email and Skype for as long as you need it.
We want to make this the best forex training available and the best value too. All students will therefore have access to Forex Trader Magazine, including all of our back issues.
This is huge because it means that you will have direct access to ongoing personal development as a trader and all of the latest news and developments on an ongoing basis.
You will also become a member of our growing community of successful home based traders.
Get in touch
Don’t hesitate to contact us if you have any questions.
This lecture introduces the How To Trade Forex Course. It lays the scene out and lets students know what to expect. It also emphasises that they have huge support available to them and encourages them to use this fully.
At the end of this lecture students will understand that forex trading can bring great rewards but that elements such as risk, time spent trading and costs need to be, and can be, controlled and brought within minimum levels.
Setting up a demo trading account
Learning to trade involves understanding how a trading platform works as well as how to use it to make money. It is like learning to drive. We need to understand what the various controls, buttons and peddles actually do, then we need to practice using them and only then can we actually use a vehicle to take us to where we want to be.
We achieve this in trading by first using a no-cost, no-risk simulator known as a “demo”account. Using this we can get to know and practice using the trading account and this is an essential step. It is just like learning to drive before trying to use a vehicle to get us from A to B.
The demo account uses real time prices and trading conditions.
At the end of this lecture students will have a free of charge, no-risk demo trading account set up. They will be beginning to understand how it works and how to use the various controls, instruments and facilities that it comes equipped with.
Setting up your trading screen
The objective of this lecture is to begin to setup and understand your trading screen set up like the one I use. This will also require you to achieve a basic understanding of candlestick charts.
At the end of this lecture you will be fully set up and ready to try your free, risk free trading platform in complete safety. At last, you will be able to undertake some simulated trading using real prices and trading conditions.
Lets rock and roll
At the end of this lecture your trading screen will be fully operational and you will have a good working knowledge of candlestick charts.
You are now at the point that I was at in September of 2010 when I placed my first forex trade. I started that month with around $2,500 and ended it with and account worth $9,000. That was real money – not a simulation. In another couple of hours of study and simulated practice you will be starting to feel ready to trade for real. So, stick with it!
Currency pairs, trading hours, trend lines
In this lecture students will learn about currency pairs. They will gain an understanding of why forex traders always trade pairs of currencies rather than a single currency. They will also gain a knowledge of what makes certain currency pairs better to trade than others.
Currencies are traded globally on different markets. This lecture explains how this works and how and why different times of the trading day can be better or worse times to trade currencies in general and particular currency pairs.
The lecture also begins to prepare students for actual trading by starting to train the “eye”to recognise price trends which is an essential step towards becoming a successful trader.
Indicators, Bollinger Band install
In this lecture students will begin to understand indicators. These are lines, shapes and other entries on trading platform screens that “indicate”that an event may happen. these events include the continuation or change of direction of price trends. Therefore, because currency trading relies heavily on forecasting the direction of price movements, indicators are extremely important.
This lecture looks at one of the most simple of the many available indicators, known as the simple moving average (SMA). How the SMA is installed and how it is used.
The lecture then covers a slightly more complex indicator known as Bollinger Bands.
At the end of this lecture students will understand the significance of indicators and will be able to install and remove the standard indicators that come as standard with most trading platforms.
Spread betting, opening and closing trades
Forex trading or currency trading comes in a number of different types. At the end of this lecture students will understand the available options and will be able to select the best one to use for their own circumstances.
The lecture also sees the process of familiarising students with the trading platform and with trading by taking them through the process of opening and closing trades. To continue our driving analogy this is like learning to use the accelerator (gas peddle) and the brakes of a vehicle. Essentials that everyone must understand before getting involved in trading, just as in driving!
The final part of this lecture introduces some additional trading terms that students need to understand. These are “bid”and “ask”and the terms relate to buying and selling prices.
What colour would you expect a candlestick showing a downward price move to be?
Pips and volume
This lecture continues the process of making students familiar with trading terms and introduces two further terms being “Pips”and “volume”.
At the end of this lecture students will fully understand both of these terms and will know everything that they need to know about them, in practical terms, for the purpose of trading.
Taking profit, take profit orders and trailing stops
Every student of forex trading should enjoy this lecture! After all it is about taking profit which is the very reason why most, if not all, traders get involved in the first place.
At the end of the lecture students will know how to close trades to take profit. However, they will also understand how to “programme”their trading platform to automatically take profit at a pre-determined level.
Not only will students be able to preset take profit levels in a static way, they will also understand and be able to use “trailing stops”. These are a tool which allows traders to preset take profit levels in such a way as to increase the level of profit automatically taken if a profitable trade has more potential than the trader expected it to have when they set it up. This can increase profit levels by many times more than an original take profit preset had allowed for.
Questions that will allow you to check your own understanding of the material covered in section three.
Support and resistance and pivot points
Changes in price movement direction are of huge significance and consequence to traders. In this lecture students will learn how to predict the levels at which price directions are likely to occur.
We look at the invisible lines that form boundaries that prices tend to move within and to identify the prices, which we call pivot points, at which the direction of a price movement may change.
At the end of lecture 10 students should be well equipped to start using their demo account to simulate the opening and closing of profitable trades.
Bollinger Bands and gap trades
Having already learned how to install Bollinger Bands, in lecture 6, students will now learn how to use them to indicate trade entry and exit points. They will, at the end of the lecture, know how to use the Bollinger Bands to find trades and to maximise the potential of those trades.
This lecture will also add to the armoury of trading weapons that students have through a special trade that is often available on the opening of the forex market each week. This is a “gap”trade which takes advantage of the tendency of the market to close any gaps that occur between price levels during the period of the market being closed each weekend.
Jeff’s Lines (Part 1)
This is a very special and unique lecture on a remarkable trading tool that was developed by the course author and which has helped many new traders to make a lot of money very quickly and easily.
The trading tool is called Jeff’s Lines. This is a proprietary tool which is available free of charge to students on this course. It takes the form of an indicator.
Jeff Lines (Part 2)
This lecture looks at how Jeff’s Lines were discovered, how and why they work and where they came from.
In addition, students will see how Jeff’s Lines are continuing to be validated and kept up to date. They will understand the level of reliability that underpins the tool and how this is measured.
at the end of this lecture students will have downloaded and installed this indicator and will have a good general understanding of what it is and how it works. They will be able to install and use it on the demo or live trading accounts.
Rule of thirds
Lecture 14 brings students another remarkable, unique, proprietary tool known as the “rule of thirds”.
Everyone knows that in any buying and selling environment we want to buy things at a low price and sell them at a high price or we want to sell them at a high price and buy them back at a low price!
The issue is - what prices represent a high price or a low price? It is exactly this question that this tool sets out to answer. It actually calculates what is for example a low price and colours the trading screen to warn traders not to sell if they are at a price level at which they should only be buying.
At the end of this lecture students will have downloaded and installed this tool. They will understand how it works and how to use it.
Students will also see the three million+ cell spreadsheet that was behind its development and understand how the tool was back-tested using more than ten years of figures.
The Forex Climate
The forex climate is a publicly available free trading tool. It looks at the individual worth of each of the main currencies and provides an insight into its likely future trend direction.
At the end of this lecture students will know how to find the forex climate tool and how to use it to inform their trading decisions.
Live trading (Part 1)
At this point in the course students have taken on a lot of new knowledge and it is time for them to see these being applied under normal trading conditions.
This lecture is a recording of trades actually taking place alongside an explanation of how decisions to enter and exit those trades were actually made.
They will see a very practical and real demonstration of the tools and techniques that they have learned the theory of and have had some initial practise application of on their demo accounts.
Live trading (Part 2)
This lecture is a continuation of lecture 16.
This quiz will allow you to check your own understanding of section four. if you get any of the answers wrong then please study the appropriate material again.
News trading (Part 1)
so far in this course we have given students the knowledge of how to use a trading platform. We have provided them with some fantastic trading tools to identify trends and price direction change points.
All of the trading so far has been based on technical trading. That is to say trading which relies on historical reactions to past events being predictors of future reactions to future similar events.
That is fine and very worthwhile. Students need never use anything else if they are happy with this.
However, there is a whole world of trading decision making based on fundamental facts. Part of this world relies on the reaction of prices to news events. In this lecture students will learn what types of news events effect prices, how they affect prices and how a trader can take advantage of those effects.
News trading (Part 2)
This lecture is a continuation of lecture 18.
Defending trades when they go wrong (Part 1)
No matter how much research is undertaken, no matter how much skill we have, eventually something will go “wrong”. By wrong we simply mean not as expected.
The reaction to this of 99.9% of all traders is to choose a level of pain that they are prepared to endure and to close their trades at a loss if that level of pain is reached.
However, that is not what we do and not what we teach our students.
In this lecture students will learn how to “hedge” failing trades to prevent them getting too far into a loss situation and then how to exit those trades in profit at a later date.
Defending trades when they go wrong (Part 2)
Additional learning points.
Defending trades when they go wrong (Part 3)
A live trading demonstration of the use of hedging as a defence mechanism in action.
Just a few questions to allow you to check that you have understood this section. Please revisit any parts of it that you need to. It is normally the case that a second run through brings a better understanding.
Further reading and learning
In this lecture we strongly advocate that students never stop their education as traders. to help them with this we provide free ongoing access to Forex Trader Magazine.
Forex Trader Magazine is written by home based traders for home based traders. It carries news for traders, trading articles, has a learning section and constantly updates information about reading lists and website that traders would benefit from having on their watch list.
The magazine also has an excellent and expanding glossary of trading terms as reference material.
Our concluding lecture draws together everything taught in the course so far.
However, this lecture also provides students with a very valuable example of a take profit strategy that prevents over trading and looks at the next steps for students.
Jeff Fitzpatrick is the editor of Forex Trader Magazine which sells in more than 70 countries and is the top selling digital financial publication in many of them.
Following many hours of research and testing followed by years of use Jeff has developed a number of unique trading tools that greatly reduce the risk involved in forex trading. He has also reduced the amount of time that traders need to be actively trading and the cost of entry to to trading.
Following great success as trader and then as a trainer Jeff was encouraged to write what became a popular blog. This then developed into Forex Trader Magazine which is now firmly established as a favourite with hme based traders.
From the magazine it was a very short and natural journey to produce a training course to spread the word about his tools and trading techniques.
The training course sells for less than 10% of the price of its many rivals. However, Jeff firmly believes that trainers should make their income from trading rather training. He is determined to help as many people as possible to become successful traders of forex.
In addition, he is a forex and a stock and options trader and has delivered training in these subjects for over ten years.
Jeff is extremely pleased to hear from students and is happy to answer any and all questions. He supports all students for life!