Forex Basics

An Overview Of The Forex Market To Help You Determine If Getting Involved Is For You. / Get Your Feet Wet Here

Last updated 2022-01-10 | 4.1

- By the end of this course you should be able to make a well educated decision on wether or not to continue studying the Forex market.
- You should also be pretty up to speed on using the MT4 platform to trade.

What you'll learn

By the end of this course you should be able to make a well educated decision on wether or not to continue studying the Forex market.

You should also be pretty up to speed on using the MT4 platform to trade.

* Requirements

* A computer connected to the internet.
* For active trading
* there are many more software options for a PC than a Mac. :{

Description

This is a beginners course on the Forex Market. It is intended to help the curious investor get a better look at what is involved in trading for themselves. Not everyone is cut out for trading Forex and this is designed to help people make an informed decision.

The course covers the basics of the market and what skills and tools are required to trade actively. It also includes a complete training on the most popular trading software Meta Trader 4 (MT4).

Who this course is for:

Anyone interested in knowing more about the Forex market.
Personal investors looking for a recession proof market.

Course content

3 sections • 26 lectures

Forex Basics 12 lectures

Intro To Forex Outline Preview 1 page

This outline is meant to help you put it all together. Giving you an idea what to expect in this section.

Introducing the Forex Market Preview 15:38

For the brand new beginner or anyone that is just looking into the Forex market. We lay out what is involved and discuss a lot of the industry terminology.

Know Your Pairs Preview 08:50

Understanding how the pairs work and how to read the charts at a beginner level is what this video is about.

Market Times Diagram Preview 1 page

This chart helps you see when the different global markets open and close, and most importantly, when they overlap. Based on 4 US time zones.

Placing Trades Preview 11:09

A basic overview about how trades are placed. We cover long and short trades and more.

Trading Styles and Strategies Preview 09:20

An introduction to trading styles and strategies. Which are covered in greater detail in later modules.

Reading Charts Preview 19:01

The basic elements of reading your Forex charts. Price levels, time frames, etc..

Reading Candles Preview 1 page

There are different types of charts, but the most popular is the Candle Stick chart. This diagram shows you all the parts of a candle and how they form.

Understanding Spread Preview 1 page

A handy worksheet to help you understand how the spread affects your trading.

Needed Skills and Tools Preview 23:53

Some of the basic skills and tools that you will need to learn to be able to master trading the Forex market.

Money and Trade Management Preview 07:51

This section covers the basics that a beginner trader would need to use to be successful managing their money while trading in the Forex market.

Planning and Journaling Preview 15:56

This video on planning and journaling is meant to open your eyes to some of the elements that are required to make trading the Forex market successful. You will need to plan your trades, follow your rules and a carefully journal your results so that you can make improvements to your strategies.

Meta Trader 4 Tutorials 13 lectures

MT4 Tutorials Outline Preview 1 page

This is a complete outline of the Meta-Trader 4 training tutorials. It will show you what is in each of the following videos and what you should understand when you're done.

Installation Preview 02:02

A simple instructional video on how to download and install the meta-trader software.

Platform Navigation Preview 08:42

This video is to help you be able to navigate the MT4 platform. It introduces you to most all of the different things you can do with MT4.

Chart Navigation Preview 07:04

This tutorial will help you navigate the software, showing you how to use the different elements that are built into the system.

Setting User Preferences Preview 07:14

This tutorial will help you set up the preferences in the software for you to be able to customize the look and feel of your charts to your own desired parameters.

Managing Profiles Preview 09:27

This tutorial will help you set up your profiles, so that you can look at different sets of charts and have different information on each.

Templates Preview 05:35

This tutorial will help you build your templates so that when you add new charts you won't have to continue to reset all of your preferences.

Drawing Objects Preview 11:23

This tutorial will take you through using the and many different objects that you can put on your charts for your technical analysis, including trendline, circles and more. It will show you how to manipulate them as needed.

Indicators Preview 11:19

This tutorial will show you how to use and install indicators on your charts; both common indicators and custom indicators and how to set the parameters for those indicators.

Expert Advisors (EA's) Preview 07:21

This tutorial teaches you how to find and install expert advisers (EA's) or trading robots onto your charts and how to get them to run and set them as needed.

Placing and Modifying Trades Preview 09:42

This tutorial shows you how to actually place trades on your trading platform. It shows you the different ways to enter a trade and how to set your stop loss and take profit levels.

Setting Up and Using Alerts Preview 05:33

This tutorial will teach you how to set up e-mail or text message alerts on your charts. It will show you how to get notified when something happens like when a price is reached by the market.

Tips and Tricks for MT4 Preview 11:28

This tutorial is my favorite. It covers all the tips and tricks that you can use to make this trading platform work more smoothly for you. It will show you faster ways to do things that you do on a regular basis.

Conclusion 1 lectures

Wrapping It All Together Preview 02:28

This is a short video on what you should have taken from this course. and how you should proceed depending on where you feel you stand. Not everyone should get involved in trading Forex and knowing what's involved is important before you continue.