Back to Academy
Forex basics
Understand the fundamentals of forex trading and its significance in the global economy.
Course by Abe Fihema
Course Lessons
01
What is Forex?
Ever wondered how to profit from currency exchange? This video uses a simple, real-world example to explain the fundamentals of Forex trading, showing you how to buy, sell, and profit from currency price changes.
02
Types of traders
Using a simple currency exchange example, this video reveals the fundamentals of Forex trading, explaining how you can profit from buying and selling currencies online from anywhere in the world.
03
Chart Reading Basics
Ready to dive into indicators? This video provides a basic look at how to use tools like RSI and MACD to identify overvalued prices and potential trend reversals.
04
Strategies and Trading Plans
This video breaks down how to set a 1:3 risk-to-reward ratio, using simple tools to manage your stop-loss and profit targets for every trade.
05
What is a Trading Platform?
This lesson explores how trading for a prop firm can significantly amplify your earnings, even with a modest monthly return, by providing access to a much larger trading account.
06
Trading Psychology
Want to master trading psychology? This video gives you a starting point, recommending key resources like Mark Douglas’s Trading in the Zone and encouraging you to begin your unique journey of self-study.
Course Overview
Forex basics are essential for anyone looking to trade currencies successfully. Our course is structured to provide a comprehensive understanding of the forex market, covering key concepts and practical insights.
We’ll delve into the fundamental aspects of forex trading, offering a blend of theoretical knowledge and practical applications to ensure you can navigate the forex market with confidence and competence.
- Why Trade Forex?
- Currency Market Basics
- Forex Market Structure
- Trading Platforms
- Forex Basics
- Key Forex Terminology
- Technical and Fundamental Analysis
- Risk Management
