Forex 101: Introduction to Forex Trading

By Oluwatosin Uncategorized
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About Course

Welcome to Forex 101, your complete beginner’s guide to understanding and participating in the world’s largest and most liquid financial market — the foreign exchange (Forex) market.

Whether you’re curious about how global currencies work, looking to explore a new income stream, or aiming to build a career in trading, this course is designed to give you the foundational knowledge and practical tools you need to get started.

You’ll learn:

  • What Forex is and how it operates

  • The core concepts and key terms like pips, leverage, spreads, and lots

  • How to read Forex charts and candlesticks

  • The basics of technical and fundamental analysis

  • How to set up and use popular trading platforms like MetaTrader 4/5

  • How to place and manage trades with confidence

This course includes video tutorials, quizzes, assignments, and hands-on exercises using demo accounts, allowing you to apply what you learn in a risk-free environment.

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What Will You Learn?

  • By the end of this course, students will be able to:
  • Understand how the Forex market works.
  • Know key terminology like pips, leverage, lots, and spreads.
  • Read and interpret Forex charts and candlesticks.
  • Use a demo trading platform (e.g., MetaTrader 4/5).
  • Place and manage trades using basic strategies.

Course Content

Module 1: Introduction to Forex
This section lays the foundation for your journey into Forex trading. You’ll discover what the Forex market is, how it operates, and why it's the most actively traded financial market in the world. Learn about its history, the major players involved, and how currencies are traded in pairs. By the end of this section, you’ll have a clear understanding of how the Forex market functions and the basic structure of currency exchange — setting you up for more advanced topics ahead.

Module 2: Forex Basics
In this section, you’ll dive into the essential building blocks of Forex trading. You’ll get familiar with key trading terms like pips, leverage, spreads, and lots — the language every trader must speak. Then, you’ll explore the three core types of market analysis: technical, fundamental, and sentiment. Finally, you’ll learn how to read and understand Forex charts and candlestick patterns, giving you the visual tools to analyze price movements with confidence. This section equips you with the practical knowledge to interpret the market and make informed decisions.

Module 3 :Tools of the Trade
This section introduces you to the essential platforms and tools used by Forex traders. You'll learn how to set up and navigate popular trading platforms like MetaTrader 4/5 and TradingView, enabling you to practice in real-time with demo accounts. You’ll also explore basic technical indicators such as Moving Averages, RSI, and MACD — vital tools for analyzing market trends and making entry/exit decisions. By the end of this section, you’ll be fully equipped to operate in a trading environment and begin technical analysis confidently.

Module 4: Placing Your First Trade
In this section, you’ll move from theory to action as you learn how to place your very first trade. You'll understand different order types — including market, limit, and stop orders — and how to use stop loss and take profit to manage risk. A live demo will walk you through placing a trade step-by-step on MetaTrader. You’ll also explore the psychological side of trading and how to manage emotions like fear and greed. By the end, you’ll be able to open, manage, and close trades with greater control and discipline.

Module 5: Forex Strategy Foundations
This final section introduces you to the core strategies and risk management principles that separate beginners from consistent traders. You’ll explore simple yet effective trading strategies such as trend following, breakouts, and support/resistance setups. You'll also learn how to manage your risk through position sizing, risk-reward ratios, and setting realistic goals. Finally, you’ll be guided through the process of creating your first trading plan and trading journal — essential tools for long-term success. This section prepares you to trade with structure, purpose, and discipline.

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