Forex University – Beginner Comprehensive
Master Forex Trading:
The Complete Beginner’s Course
- Featured Inside the Course:
6
60+
6
4
60+
Who is the Beginner Comprehensive Course For?
Description
Whether you’re new to investing or looking to build a strong foundation in forex trading, the Forex University – Beginner Comprehensive course is designed to give you the knowledge and skills needed to trade with confidence. This course breaks down complex forex concepts into easy-to-understand lessons, providing step-by-step guidance on market fundamentals, trading strategies, and risk management.
What Is Forex Trading and How Does It Work?
At its core, forex (foreign exchange) trading is the act of buying and selling currencies on the global market. Unlike the stock market, forex operates 24 hours a day, five days a week, across major financial centers like London, New York, and Tokyo. Trillions of dollars are exchanged daily, making forex the world’s largest and most liquid financial market.
When you trade forex, you’re always dealing with currency pairs—such as EUR/USD or GBP/JPY—speculating on whether one currency will strengthen or weaken against another. For example, if you believe the euro will rise against the US dollar, you might buy the EUR/USD pair. If your analysis is correct and the euro’s value increases, you profit from the difference.
Forex trading is accessible to anyone with an internet connection, and you can start with relatively small amounts of capital. However, success requires a clear understanding of how the market operates, the factors that influence currency movements (like economic news, geopolitical events, and central bank policies), and how to manage risk effectively. This course provides you with a solid introduction to all these concepts, ensuring you build your skills on a strong and practical foundation.
Exploring Forex Trading Strategies
When you step into the world of forex, you’ll quickly realize there’s no one-size-fits-all approach to trading the markets. Traders have developed a variety of strategies, each suited to different personalities, time commitments, and risk appetites. Here are some of the most common types you’ll encounter:
- Scalping:
If you love fast-paced action and have nerves of steel, scalping might pique your interest. Scalpers make dozens—or even hundreds—of trades per day, aiming to capture tiny price movements. Quick decisions and discipline are essential here, as trades are usually held for just seconds to minutes. - Day Trading:
Prefer to avoid holding trades overnight? Day trading could be for you. Day traders open and close positions within the same trading day, seeking to profit from short-term price fluctuations. This style requires focus and a reliable strategy, but eliminates the risk of overnight market surprises. - Swing Trading:
Don’t have the time to monitor your computer all day? Swing trading involves holding trades for several days, or even weeks, to capitalize on larger market swings. This approach is popular with those balancing trading and a busy schedule, relying on both technical and fundamental analysis. - Position Trading:
For those who like to take the long view, position trading is all about riding larger market trends over weeks, months, or even years. Position traders are less concerned with daily volatility and instead rely heavily on macroeconomic factors and long-term charts. - Algorithmic Trading:
If you have a knack for coding—or work with platforms like MetaTrader or NinjaTrader—you can design algorithms to execute trades automatically based on your rules. This strategy can remove emotion from trading and help you operate efficiently in fast-moving markets.
Choosing the right strategy often comes down to your goals and lifestyle. The course will break down each of these approaches in more detail, helping you discover which style best suits your temperament and ambitions.
By the end of this course, you’ll be equipped with practical insights and proven techniques to navigate the forex market effectively—whether your goal is to generate passive income, diversify your investments, or work toward becoming a skilled trader. Start your forex journey today and take control of your financial future!
Common Forex Trading Terms Explained
If you’re new to the world of forex, you’ll quickly realize that traders speak their own language. Getting comfortable with the essential terms can help you avoid confusion and feel right at home, whether you’re reading market updates, researching strategies, or chatting on forums.
Here are some of the most commonly used forex terms every beginner should know:
- Pip: The smallest price movement in a currency pair. For most pairs, a pip equals 0.0001.
- Lot: The standard unit size for a forex trade. One standard lot is 100,000 units of the base currency, while mini lots (10,000) and micro lots (1,000) are also popular.
- Spread: The difference between the bid (sell) and ask (buy) price. This is essentially the “cost” of making a trade and varies by broker and currency pair.
- Leverage: Allows you to control a larger position with a smaller amount of money. For example, 50:1 leverage lets you control $50,000 with just $1,000 in your account. While leverage can amplify gains, it also increases risk.
- Margin: The amount of money required in your account to open a trade, typically expressed as a percentage of the full position size.
- Currency Pair: The quotation of two different currencies, with the value of one currency quoted against the other. For instance, EUR/USD</Currency Pair> shows how many U.S. dollars (USD) it takes to buy one Euro (EUR).
- Bid/Ask: The bid is the price at which you can sell a currency pair; the ask is the price at which you can buy it.
- Bullish/Bearish: “Bullish” means expecting a price to rise; “bearish” means expecting it to fall.
- Stop Loss / Take Profit: Orders placed to automatically close a trade at a certain level to cap losses or lock in gains.
- Major/Minor/Exotic Pairs: “Majors” include pairs with the US dollar and highly traded currencies (like EUR/USD</Currency Pair>, GBP/USD</Currency Pair>), “minors” don’t include the US dollar, and “exotics” pair a major currency with one from an emerging economy (like USD/TRY</Currency Pair>).
Learning these fundamental terms sets the stage for understanding forex analysis, reading charts, and making informed decisions in live markets.
Customize Your Learning Experience
This course is designed with your flexibility in mind. Navigate through the modules in any order you choose, and delve as deeply or briefly into each section as you need. Whether you’re a seasoned investor or just starting out, tailor your learning experience to fit your skill level.
- 6 Modules, 60+ Chapters, 60+ Audio Chapters, 6 Quizzes and 4 Simulations
Earn Your Certificate of Completion:
To demonstrate your mastery of the course material and receive your certificate, please follow these steps:
- Module Quizzes: Successfully complete all quizzes associated with each module. This will unlock the final exam.
- Final Exam: Achieve a score of 80% or higher on the comprehensive final exam.
Upon successful completion of these requirements, you will receive your official certificate of completion.
30-Day Money-Back Guarantee:
If you’re not satisfied with your purchase, simply request a refund within 30 days and we will provide a full refund.
Course Materials
- Access to a Computer or Mobile Device
- Calculator and Basic Math Skills
- Speakers or Headphones (optional)
- Forex Demo Account (optional)
Finding the Right Forex Broker
Selecting a forex broker is one of the most important steps on your trading journey. The right partner can make your experience smoother and more secure—while the wrong one can lead to frustration and missed opportunities.
Here’s what to look for as you evaluate your options:
- Regulation and Reputation:
Choose brokers regulated by reputable authorities like the Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), or the Commodity Futures Trading Commission (CFTC). Trusted regulation helps protect your funds and ensures fair trading practices. - Trading Costs and Fees:
Compare spreads, commissions, and overnight financing fees. Lower costs—without sacrificing service—mean more of your profits stay in your pocket. Be wary of hidden charges. - Platform and Tools:
Your broker should support reliable trading platforms such as MetaTrader 4, MetaTrader 5, or cTrader. Look for intuitive interfaces and robust charting tools to help execute your strategies effectively. - Customer Support:
Markets move fast, and you’ll want responsive customer support when it matters most. Test their chat, phone, or email support before committing. - Deposit and Withdrawal Methods:
The best brokers offer secure, convenient ways to fund your account and withdraw profits—think PayPal, bank transfers, or credit cards. Check for fast processing times and reasonable minimums.
Remember, your broker is your gateway to the forex market. Take the time to read reviews (look for sources like Trustpilot or Forex Peace Army), test demo accounts, and ensure you feel comfortable before trading with real funds.
Course Content
Module 1: Introduction to Forex Trading
Major Currency Pairs in Forex Trading
When it comes to forex trading, you’ll frequently encounter the term “major currency pairs.” These are the most widely traded pairs in the world, primarily because they involve the most liquid and stable currencies. Major pairs always include the US dollar (USD) on one side, paired with another leading global currency.
The most commonly traded major currency pairs are:
- EUR/USD (Euro / US Dollar)
- USD/JPY (US Dollar / Japanese Yen)
- GBP/USD (British Pound / US Dollar)
- USD/CHF (US Dollar / Swiss Franc)
- USD/CAD (US Dollar / Canadian Dollar)
- AUD/USD (Australian Dollar / US Dollar)
- NZD/USD (New Zealand Dollar / US Dollar)
These pairs account for the highest trading volumes and, as a result, typically offer tighter spreads and greater liquidity. For new traders, starting with the majors often means a smoother trading experience with plenty of resources and analysis available. As you progress through the course, you’ll gain insights into how these pairs move and what factors influence their prices.
Forex University – Module 1 – Deep Dive (audio only)
Exploring the Various Types of Forex Orders
Navigating the forex market means understanding the different types of orders you can place—each with its own unique function to help you execute your trading strategy effectively.
Here are the most common types of forex orders you’ll encounter:
- Market Order: Instantly buys or sells a currency pair at the current market price. This is the fastest way to enter or exit a trade, especially when you don’t want to wait for a specific price.
- Limit Order: Tells your broker to buy or sell at a specific price—or better. For example, if EUR/USD is trading at 1.1050, and you only want to buy if the price drops to 1.1000, you’d set a buy limit order at that price. This type of order ensures you never pay more (or sell for less) than you intend.
- Stop Order (Stop-Loss): This safeguards your trades by automatically closing your position when the market hits a predetermined price—helping minimize potential losses. For example, if you enter a trade at 1.1000, you could set your stop-loss at 1.0950 to limit risk.
- Stop-Limit Order: Combines the features of a stop order and a limit order. When the stop price is reached, the order becomes a limit order rather than a market order, giving you more control over the execution price.
- Trailing Stop: This dynamic order automatically adjusts your stop-loss level as the market moves in your favor, locking in profits while allowing your trade to run if the trend continues.
- Take-Profit Order: Also known as a limit order for profit, this locks in gains by closing your trade when the market reaches your target level.
Understanding and using these order types can help you manage risk and execute your trades with greater precision—whether you’re analyzing the USD/JPY like a Wall Street pro or exploring cross pairs for the first time.
Sample Lesson
Understanding Forex Lot Sizes
A key building block for every forex trader is grasping what a “lot size” actually means. In the forex market, trades aren’t measured in single units of currency—they’re standardized into lots, which represent a specific amount of the base currency in a trading pair.
Here’s how it breaks down:
- Standard Lot: 100,000 units of the base currency.
- Mini Lot: 10,000 units.
- Micro Lot: 1,000 units.
- Nano Lot: 100 units (offered by some brokers, great for absolute beginners).
Selecting your lot size is more than just clicking a button—it directly impacts your potential profit or loss on a trade. For example, trading a standard lot means each pip movement is worth roughly $10 when you’re trading a USD-based pair, while a micro lot shifts the value to about $0.10 per pip.
Understanding and choosing the right lot size based on your risk tolerance, account balance, and trading goals is essential. Many new traders start small—with micro or mini lots—to practice risk management and become comfortable before increasing position sizes.
Simply put, mastering lot sizes helps you control your exposure, keep a cool head, and shape your journey as a confident trader.
Understanding the Types of Forex Brokers
As you begin your forex trading journey, it helps to know who you’re trading with behind the scenes. Not all forex brokers work in the same way—knowing their differences can give you an edge and help you choose the approach that matches your style.
Here are the main types of forex brokers you’ll encounter:
- Dealing Desk Brokers (Market Makers): These brokers create a “market” for their clients by taking the opposite side of your trade. That means, when you buy, they sell, and vice versa. Dealing desk brokers typically offer fixed spreads, and you don’t trade directly with the global forex market. This model can sometimes mean quicker execution, but there’s potential for conflicts of interest if the broker profits when clients lose.
- No Dealing Desk Brokers: As the name suggests, these brokers don’t intervene directly in your trades. They use either Straight Through Processing (STP) or Electronic Communication Network (ECN) models:
- STP Brokers: Orders are routed directly to various liquidity providers, such as banks and financial institutions—think Credit Suisse, Barclays, or Citibank. STP brokers usually offer variable spreads and are often preferred for their transparency.
- ECN Brokers: Here, your trades are matched with other participants in a real-time electronic network. ECN brokers let you see live market depth, including bid and ask prices from multiple participants, and typically charge a commission per trade. This setup offers tighter spreads, especially in liquid markets, and is popular with advanced traders who value transparency.
- Hybrid Brokers: Some platforms use a mix of the above approaches, switching between dealing desk and no dealing desk models based on trade size, market conditions, or their internal risk policies.
Choosing the right broker type depends on your trading goals, preferences, and the level of transparency you’re seeking. Later in this course, we’ll explore strategies for selecting reputable brokers and red flags to watch out for, so you can trade confidently and efficiently.
Course Materials
- Access to a Computer or Mobile Device
- Calculator and Basic Math Skills
- Speakers or Headphones (optional)
- Forex Demo Account (optional)