› Forex trading course for beginners

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Forex trading course for beginners

Learn forex from zero: currency pairs, pips, lots and leverage, sessions and time zones, candlesticks on EUR/USD and USD/INR, risk, and how often each pattern really worked on forex charts.

Your lesson path

1. Currency pairs: money priced in moneyA currency pair tells you how much of the second currency one unit of the first buys, such as how many rupees or yen one US dollar buys.
2. Forex: pairs, pips and sessionsA currency pair shows how much of the second currency buys one unit of the first, and a pip is a tiny standard step used to measure its moves.
3. Opening bells around the worldWhen Tokyo is closing, Europe is waking up, so the trading day travels around the planet.
4. Lot sizes comparedOne unit means very different amounts in different markets, so check what one lot is worth before you trade.
5. Leverage rules around the worldThe same trade can allow lots of borrowed money in one country and very little in another, because each country protects beginners differently.
6. Who watches the market: regulators and safetyRegulators are the referees of the market, so only use platforms and advisers that are registered with them.
7. What one candle tells youEvery candle shows four prices: where it started, its highest, its lowest and where it finished.
8. Bodies and wicks: the tug of warA big body means one side won; a long wick means a push that got pushed back.
9. The hammerA hammer after a fall shows sellers pushed hard but buyers pushed the price back up.
10. Rule one: stay in the gameLose half your money and you must double what is left just to get back to the start.
11. The stop-loss: decide your exit firstA stop-loss is the price where your idea is wrong, and you choose it before you enter.
12. Taking profit: plan the exitDecide where you will take profit before you enter, so greed does not decide for you.
13. Why your stop loss gets hitStops get hit for four plain reasons: the obvious level, a stop tighter than normal noise, a size that is too big, and moving it.
14. The one-line stop ruleStop first, size second: size = the money you accept to lose ÷ the stop distance.

What the Forex charts say

How often each setup reached its target before its stop on Forex, best first. Most patterns lose more often than they win: that is the first lesson.

Every pattern on Forex ›

Counted by the Trading Class research engine on real past candles: entry at the signal candle's close, target 1.5 × ATR(14), stop 1 × ATR(14), 12 candles to decide, a candle that touches both counts as the stop. How we count. Past data, not a forecast and not advice.

Words you will meet

base currency · bid-ask spread · cryptocurrency · currency · currency pair · forex · initial margin · leverage · leverage cap · lot · maintenance margin · margin · margin call · micro lot · mini lot · pip · pip value · profit margin · quote currency · spot forex · standard lot