Level 1: Introduction to Forex Trading
Start from zero and learn how the forex market really works: currency pairs, pips, lots and leverage, choosing a broker, reading charts and candles, and a simple support and resistance strategy you can practise on a demo account.
15 downloadable guides
- 2 months to complete, counted from the day you buy
- Your lessons unlock one by one as you finish them
- You can download each lesson's materials once you complete it
The course closes after the period above, whether you've finished or not, and we don't renew it, so please download what you want to keep before then.
About this course
This is where your trading journey starts. Over 15 short, practical lessons we take you from "what is forex?" to placing your first planned trade on a demo account, with every new word explained before we use it.
What you'll learn
- How the forex market works, who trades it, and when it's busiest wherever you live (all times in UTC)
- How to read a currency pair, the bid, the ask and the spread
- Pips, lots, leverage and margin, worked out step by step so you always know what's at risk
- How brokers make money, the difference between dealing desk, STP, ECN and DMA brokers, and how to choose one
- Reading quotes, charts and candlesticks, and finding support, resistance and trends
- A complete, simple support and resistance strategy, plus order types, risk management and trading psychology
- Your first demo trade and a written trading plan you can follow from day one
How the course works
Each lesson is a beautifully illustrated guide with clear diagrams, real chart examples and a short quiz with answers so you can check your understanding. The lessons open one at a time, so you build each skill in the right order, and you can download every guide to keep.
Who it's for
Complete beginners, and traders who've picked things up here and there and want a solid foundation. No experience needed. When you finish, you're ready for Level 2: Strategy, Analysis and Execution.
How self-paced works
One lesson at a time
The next lesson opens once you've watched every video in the one before it, all the way through.
Keep what you finish
As soon as you complete a lesson, you can download its videos and guides.
A clear deadline
You have 2 months from the day you buy. After that the course closes, whether you've finished or not.
Lessons
- 1
What Is Forex and How Does It Work?
Before we talk about charts, pips or strategies, let's get clear on the market itself: what forex is, where it came from, who trades it, and where you fit in.
- What Is Forex and How Does It Work?Guide
- 2
Currency Pairs and Market Structure
Every trade you take is on a currency pair. Let's learn to read one properly: which currency is which, how pairs are grouped, and what the bid, ask and spread mean for your pocket.
- Currency Pairs and Market StructureGuide
- 3
The Mechanics of a Forex Trade
What actually happens when you click Buy or Sell? In this lesson we follow a trade from start to finish, learn what going long and short means, and work out profit and loss for ourselves.
- The Mechanics of a Forex TradeGuide
- 4
Pips, Lots and Leverage
This is the maths lesson, and it's the one that keeps traders in the game. We'll work out what a pip is worth, size every trade by risk, and see exactly how leverage and margin can help you or wipe you out.
- Pips, Lots and LeverageGuide
- 5
Market Participants and Trading Sessions
Who actually moves currency prices, and when? In this lesson we meet the big players, follow the market around the world through its four sessions, and work out the best hours to trade, wherever you live.
- Market Participants and Trading SessionsGuide
- 6
What Is a Forex Broker?
Week 2 is all about the company that stands between you and the market. We start with what a broker is, what it's responsible for, how it makes money, and why the broker you pick affects every trade you take.
- What Is a Forex Broker?Guide
- 7
Dealing Desk vs. Non-Dealing Desk Brokers
Every broker does one of two things with your order: fills it itself, or passes it on to the market. That one difference shapes your costs, your fills, and whose side your broker is on.
- Dealing Desk vs. Non-Dealing Desk BrokersGuide
- 8
STP, ECN and DMA Brokers
Non-dealing desk brokers come in three flavours. Let's see how each one handles your order, what you pay, who each suits, and how to work out which model your own broker really uses.
- STP, ECN and DMA BrokersGuide
- 9
Choosing a Broker and a Trading Platform
Time to put Week 2 into practice. We'll build a checklist for choosing a broker, compare costs properly, tour the main trading platforms, and open a demo account together, step by step.
- Choosing a Broker and a Trading PlatformGuide
- 10
Reading Forex Quotes and Charts
Week 3 is about reading the market. We start with the two things on your screen all day: price quotes and charts. By the end you'll read any quote, work out a cross rate, and switch charts and timeframes with confidence.
- Reading Forex Quotes and ChartsGuide
- 11
Candlestick Basics
Every candle tells a short story about a fight between buyers and sellers. In this lesson you'll learn to read that story, and to spot five patterns that traders all over the world watch for.
- Candlestick BasicsGuide
- 12
Support, Resistance and Trends
Prices don't move randomly from level to level. Buyers and sellers keep returning to the same areas, and markets move in recognisable patterns. In this lesson you'll learn to find those areas and read the trend.
- Support, Resistance and TrendsGuide
- 13
Building a Basic Support and Resistance Strategy
Analysis only pays when it becomes a set of rules you can follow every time. In this lesson we build a complete, simple strategy around support and resistance, and walk through a win, a short and a loss.
- Building a Basic Support and Resistance StrategyGuide
- 14
Order Types, Risk Management and Trading Psychology
A strategy tells you what to do. This lesson is about doing it well: placing the right kind of order, protecting your account from big losses, and managing the emotions that trip up almost every new trader.
- Order Types, Risk Management and Trading PsychologyGuide
- 15
Your First Trade and Your Trading Plan
This is where it all comes together. We'll walk through a complete demo trade, step by step, then write the trading plan you'll follow from tomorrow, and talk honestly about goals, journaling and going live.
- Your First Trade and Your Trading PlanGuide