Learn Forex Trading

With Our Comprehensive Forex Beginner's Course

Welcome to our forex trading course. If you feel like you’re a penguin in the desert when reading about forex trading, don’t worry, our forex course is here to guide you and help you through your journey in the kingdom of money.

Our forex education aims to introduce the trader to the basics of how to trade forex. Nobody wants to have a brutal freshman experience as he takes his baby steps to a new activity. By enlightening the new trader as to what he shouldn’t do in the markets, we aim to minimize the birth pains of his budding career. The new trader can expect to find a no-nonsense discussion of the various pitfalls and dangers associated with currency trading in these pages, but he will also find a good deal of advice on what he should do: study, be patient, be humble, and don’t gamble.

Sound interesting? Read on then, here’s our first lesson.

Next: Introduction to the forex market


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    Introduction to the Forex Market

    Many of us have been fascinated by the shiny, colorful world of currencies as children, and even those of us who have little interest in the forex market have engaged in some form of currency trading while traveling outside their homeland.

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    Forex Quiz - Test Your Forex Trading Skills!

    This fun quiz consists of 35 questions and cover many different topics from technical to fundamental analysis of the Forex markets. It is totally free, no registration required and you will both have fun and also find out about your...

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    Currency Pairs - Understanding and Reading Forex Quotes

    Our first grade in forex literacy is for understanding how to read the price quote. In forex, currencies are always quoted in pairs. In other words, it’s only possible to value a currency in terms of another one.

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    Forex Pips and Lots

    A pip is the smallest amount of movement a price quote can make. In other words, each tick of the price quote is a pip. When EUR/USD moves from 1.2786 to 1.2787, for example, it has moved by one pip.

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    Margin Trading and Leverage Accounts

    It’s very important that the trader gain a good grasp of these two concepts before engaging in any deals, because leverage and margin determine the lifespan of any trading account in a far more decisive manner than either technical or...

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    Major Currencies and Currency Types

    There are a lot of nations in the world and consequently a large number of currencies to choose from when trading. The currencies of Brazil, Russia, China, the Eurozone, Turkey, Japan, South Africa and Canada are popular with large and...

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    Forex Analysis - Analyzing the Forex Market

    So we know what the forex market is, and we know what we want to do with it: We want to make money. How do we make money? In this part of the forex course we will learn to understand...

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    Forex Fundamental Analysis

    As we mentioned before, prices do not cause prices. The reasons that lie behind price movements in the forex market are the subject of fundamental analysis, and those familiar with trading stocks should have little trouble in becoming familiar with fundamental...

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    Forex Technical Analysis

    The beginnings of technical analysis is usually dated to the Dow theory, and to the early part of the 20th century. Over the years, many contributors have created indicators, oscillators and moving averages of all sorts to increase the arsenal...

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    Summary - Forex Analysis

    Needless to say, any method that works is a good method. Conversely, any trading method that fails — however convincing the arguments behind it — is useless.

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    Trading Styles

    What is a trading style? It’s simply what a trader or speculator enjoys or feels most comfortable doing while interacting with the market. They can be valid for both long and short term trading, and for different styles different indicators...

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    Forex Day Trading

    Forex day trading is the style of the short-term speculator. The reasoning behind a day trading style, is that there are times when exceptionally fast market developments allow exceptional profits in a very short time.

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    Forex Swing Trading

    Forex swing trading is a form of range trading. The swing trader attempts to capitalize on periods of market indecision, and aims to make use of support and resistance lines, channels and price patterns such as tops and bottoms in...

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    Forex Scalping

    Forex scalping aims to make use of small price movements and the bid-ask spread in order to turn a quick profit in a short time. Although each profit is naturally small, significant sums may be gathered by persistent trading.

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    Conclusion - Which Style Should You Choose?

    None of these  trading styles offer an unblocked path to success, or a sure way to doom for the trader; the successful trader can choose any method he feels comfortable with.

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    Technical Analysis

    In a previous chapter in our forex training course, we discussed what technical analysis is. In this section, we’ll take a look at the various indicators and patterns that are used in technical analysis.

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    Resistance and Support

    Resistance and support lines are price levels which temporarily halt or reverse the continuous movement of the trend. When the trend is bearish, support lines are created where sellers are temporarily (or sometimes permanently) exhausted and cannot press the quote...

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    Price Action: Chart Patterns and Price Formation

    As we noted previously, technical analysis concerns itself with the patterns created by the price quote changing throughout the day and beyond. Through the last century, studies of stock prices have supplied traders with valuable tools for evaluating those price patterns.

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    Technical Indicators

    Technical indicators are utilized by traders in the same way that price patterns are. In the case of indicators the purpose is to give the chaotic jumble of prices and quotes some resemblance of order through the employment of simple...

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    Fundamental Analysis

    Fundamental analysis concerns itself with the causes of price movements. It doesn't attempt to predict future price movements per se, but because economic events move far slower than market developments, it's usually the case that a phenomenon established by fundamental...

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    Gross Domestic Product (GDP)

    Gross domestic product (GDP) is a measure of all goods and services produced inside a country's borders. As such, it doesn't include imports, even though imports can add to job creation and prosperity in an economy.

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    Producer Price Index (PPI)

    We mentioned in the previous section that we’d be discussing inflation, and it’s time to look at one of the two major indicators of inflation that the markets tend to watch at all times.

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    Consumer Price Index (CPI)

    The second type of inflation indicator, the Consumer Price Index (CPI), has far greater bearing on the choices of policy makers (such as the US Federal Reserve), and the market in general attaches to it a far greater degree of...

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    Commitment of Traders - the COT Reports

    The commitment of traders report is a little different from the previous indicators. It doesn’t measure any economic indicator, but merely states the holdings of commercial and speculative participants in various futures markets which are mostly concentrated in New York...

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    Summary - Fundamental Analysis

    As we noted before in this course in forex trading, fundamental analysis offers the best guidance for determining price trends. To give a simple example, in a stable economic environment, with good economic growth, and healthy employment statistics, central banks...

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    Trading Psychology

    Human beings are emotional creatures. We love, we hate, we adore, worship and despise, we can be enthusiastic, and we can be cautious. The canvass of our lives is colored by the palette of emotions, and indeed it's impossible to...

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    Overleveraging - the Risks of Forex Leverage

    We have already discussed what leverage is, and what it offers to the trader. Let us here take a look at the impact overleveraging can have on trader psychology.

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    Undercapitalization

    Undercapitalization is closely related to leverage, since, contrary to what many people believe, higher leverage actually increases risk-capital requirements. While the broker allows the client to control higher amounts through less initial capital through high leverage, because price swings are...

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    Money Management

    Money management is about the proper application of the points we discussed: Capitalize the account sufficiently, do not overleverage, be disciplined about profit taking, and avoiding losses. There's nothing that difficult about doing this.

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    How to Become Successful in Trading Forex?

    You've read through all (or most of) the articles, have gone through all the warnings and precautions about unrealistic expectations, reckless and risky practices, and compulsive trading, and what not, and you are still interested in forex? You're not intimidated...

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    Getting Started - Choose a Forex Broker and the Right Kind of Account

    In the past, currencies were traded on the phone, and banks prefer audio contact between counter parties as a means of building trust even today, but the individual trader will have all of his needs satisfied simply by opening an...

Learn more about the forex market with this fun and useful infographic.