Beginner Forex Course

Lesson 1 • How Currency Prices Are Quoted

Explains base and quote currencies, bid-ask spreads, and pip values. Provides the vocabulary needed to read any price feed.

Lesson 2 • Market Structure and Key Participants

Identifies who trades currencies and how the decentralised market is organised. Connects participant roles to price formation.

Lesson 3 • Trading Sessions and Market Hours

Maps the four major trading sessions and their overlap periods. Shows how session timing affects liquidity and volatility.

Lesson 4 • What Forex Is and Why It Matters

Defines currency trading and its role in global commerce. Establishes context for all subsequent market concepts.

Lesson 1 • Placing Your First Demo Trade

Guides students through opening, monitoring, and closing a market order. Reinforces platform navigation with hands-on practice.

Lesson 2 • Navigating the Trading Platform

Introduces the core interface elements of a standard retail trading platform. Builds platform fluency needed for all future exercises.

Lesson 3 • Opening and Funding a Demo Account

Walks through account registration and virtual-fund setup step by step. Ensures students can practise without financial risk.

Lesson 4 • Customising Charts and Workspaces

Covers chart colour schemes, indicator panels, and saved templates. Efficient workspace setup accelerates analysis in later chapters.

Lesson 1 • How Leverage Works in Forex

Explains leverage ratios and how they multiply both exposure and risk. Connects leverage misuse to rapid account loss.

Lesson 2 • Calculating Profit and Loss

Demonstrates pip-based P&L formulas for long and short trades. Gives students a reliable method to project trade outcomes.

Lesson 3 • Lot Sizes and Position Sizing

Defines standard, mini, and micro lots and their monetary value per pip. Establishes the unit system used in all trade calculations.

Lesson 4 • Margin Requirements and Margin Calls

Covers required margin, used margin, and free margin calculations. Prepares students to avoid forced position closures.

Lesson 1 • Anatomy of a Candlestick

Breaks down open, high, low, and close components and their meaning. Enables accurate reading of individual candles before pattern study.

Lesson 2 • Identifying Trend Direction on Charts

Teaches higher-high/higher-low structure and trendline drawing. Provides the trend-reading skill required for strategy chapters ahead.

Lesson 3 • Key Single-Candle Reversal Patterns

Identifies hammer, shooting star, and engulfing candles as reversal signals. Connects pattern recognition to entry timing decisions.

Lesson 4 • Multi-Candle Continuation Patterns

Covers inside bars, three-candle sequences, and flag formations. Shows how continuation patterns confirm existing trend momentum.

Lesson 1 • Moving Averages for Trend Confirmation

Explains simple and exponential moving averages and their crossover signals. Connects moving averages to trend-following trade entries.

Lesson 2 • Support and Resistance Levels

Defines price zones where buying or selling pressure historically concentrates. Establishes the most fundamental tool in technical analysis.

Lesson 3 • Bollinger Bands and Volatility Reading

Shows how band width signals volatility expansion and contraction cycles. Prepares students to anticipate breakout and mean-reversion setups.

Lesson 4 • Momentum Indicators: RSI and MACD

Introduces RSI overbought/oversold zones and MACD histogram divergence. Teaches students to gauge momentum before entering trades.

Lesson 1 • Central Bank Policy and Interest Rates

Explains how rate decisions and forward guidance shift currency demand. Connects monetary policy cycles to long-term trend direction.

Lesson 2 • Using an Economic Calendar

Demonstrates how to filter, read, and prioritise high-impact events. Enables students to plan trades around scheduled volatility.

Lesson 3 • How Economic Data Moves Currencies

Links key economic releases to currency strength and weakness. Establishes why fundamental analysis complements technical signals.

Lesson 4 • Combining Fundamentals with Technical Signals

Shows how fundamental bias filters technical entry signals for higher conviction. Bridges both analysis methods into a unified decision process.

Lesson 1 • Risk-to-Reward Ratio Fundamentals

Defines the risk-to-reward ratio and its effect on long-term profitability. Shows how a positive ratio sustains profitability even with a low win rate.

Lesson 2 • Position Sizing by Account Risk Percentage

Teaches the one-percent and two-percent risk rules for calculating lot size. Connects position sizing directly to stop-loss distance and account balance.

Lesson 3 • Building a Personal Trade Plan

Guides students in documenting entry rules, risk limits, and daily loss caps. A written trade plan enforces consistency and reduces emotional decisions.

Lesson 4 • The Role of Risk Management in Trading

Establishes why capital preservation outweighs profit maximisation for long-term survival. Motivates disciplined application of all risk rules.

Lesson 1 • Interpreting Backtesting Results

Explains key metrics such as expectancy, drawdown, and profit factor. Teaches students to distinguish a viable strategy from a flawed one.

Lesson 2 • Manual Backtesting Techniques

Demonstrates how to scroll back chart history and log hypothetical trades. Reveals strategy strengths and weaknesses before risking real capital.

Lesson 3 • Elements of a Rule-Based Strategy

Defines the required components of a complete, objective trading strategy. Prevents vague, discretionary approaches that cannot be consistently replicated.

Lesson 4 • Forward Testing on a Demo Account

Transitions the backtested strategy into live demo execution over several weeks. Confirms real-time performance before any live capital is committed.